Decentralized

Integration of Chainlink Data Streams in Synthetix v3 Protocol

Saturday. August 10 at 3:00 PM

1 min. read

Synthetix's upcoming v3 deployment on the Arbitrum network will incorporate Chainlink Data Streams following unanimous approval by its governing council. Chainlink's Data Streams offer pull-based oracles for real-time onchain data delivery, enhancing performance and security for decentralized derivatives exchanges like Synthetix. The integration aims to bridge the gap between centralized and decentralized exchanges, positioning Synthetix as a permissionless derivatives liquidity platform. Chainlink's expansion includes collaborations with Avalanche and Gnosis networks, providing users with enhanced functionalities and reduced gas fees. The proposal for Data Streams integration on alternative networks like Optimism and Base is contingent on the success of the Arbitrum implementation. This strategic partnership signifies a significant step towards advancing on-chain financial products and market reliability.

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Decentralized Identity Project Humanity Protocol Launches Humanity Foundation

Wednesday. January 15 at 10:00 AM

Humanity Protocol, a strong competitor to the digital identity project World, has taken a step closer to its token generation event by introducing the Humanity Foundation. Led by key figures including Animoca Brands chairman Yat Siu, the foundation aims to drive the ecosystem of the Humanity Protocol. This project focuses on decentralized identity (DID) and zero-knowledge proofs (ZK-proofs) to allow users to verify their identities without revealing personal data. Through biometric technology, users can enhance their verified identities with additional credentials like education and employment history. The foundation's founding directors also include Mario Nawfal and Yeewai Chong, who emphasized the importance of biometrics in building a secure identity system. Humanity Protocol's technology ensures that individuals have full control over their information, with biometric data encrypted and stored securely. The project's roadmap includes the introduction of palm recognition technology for Web3 verification, distinguishing it from its competitor, World, which uses iris biometric technology.

Decentralized

Meta's Alleged Censorship of Competitors Raises Concerns

Tuesday. January 14 at 4:00 AM

Social media giant Meta is facing criticism for allegedly blocking links to a rival platform shortly after pledging to uphold free expression. A report by 404 Media revealed that Facebook, owned by Meta, has been removing links to Pixelfed, a decentralized Instagram alternative, labeling them as 'spam.' This move has raised doubts about Meta's sincerity in reducing censorship. Despite Meta's recent announcement of embracing free speech and reducing moderation, the deletion of links to competitors like Pixelfed has sparked controversy. The company's shift in policy has been met with mixed reactions, with some praising the move while others, including Meta's own executives, questioning the motives behind it. The apparent censorship of Pixelfed has led to speculation about Meta's commitment to its new vision of promoting free expression.

Decentralized

Decentralized Defense Against AI Risks

Wednesday. January 8 at 3:00 PM

Ethereum co-founder Vitalik Buterin's recent blog post discusses the progress of decentralized and democratic differential defensive acceleration (d/acc) one year after its inception. Buterin stresses the importance of caution in AI development, advocating for defensive technologies that empower individuals and communities without centralized control. The d/acc concept, introduced in early 2024, has gained momentum in various technology sectors, contributing to advancements in open-source vaccines, prediction markets, and digital identity verification. The philosophy of d/acc focuses on defensive capabilities over offensive advancements, promoting decentralization and democratization to prevent power concentration. The movement has seen real-world impacts in public health improvements and pandemic mitigation tools. By decentralizing defense mechanisms, d/acc aims to reduce catastrophic scenarios driven by unchecked AI development. The initiative also explores decentralized funding models to support essential technologies. As d/acc enters its second year, advocates remain hopeful about its potential to enhance collective safety and individual freedoms in the future.

Decentralized

The Future of Crypto Exchanges: CEXs vs DEXs

Wednesday. January 8 at 8:00 AM

Decentralized exchanges (DEXs) are gaining popularity, challenging centralized exchanges (CEXs) in the crypto market. Industry experts predict DEX growth in 2025, but CEXs will remain vital for new users. While CEXs like Coinbase dominate with high liquidity and user-friendly interfaces, DEXs offer decentralized trading with enhanced security. Both exchanges complement each other, contributing to crypto market growth. CEXs prioritize security measures like multi-signature wallets, while DEXs provide anonymity and autonomy. Liquidity remains a challenge for DEXs, impacting trading efficiency. To compete, DEXs must simplify user experiences. CEXs can enhance user education and onboarding to retain their market share. By integrating hybrid models, CEXs can bridge centralized convenience with decentralized autonomy. Collaboration and innovation will shape the future of crypto exchanges, ensuring sustainable growth and success.

Decentralized