Rollup-based layer 2s destroy crypto’s trustless nature through centralized sequencers that control inclusion, ordering and execution of transactions. Opinion by: Steven Pu, co-founder of Taraxa The rollup-based layer 2s that are all the rage today are destroying crypto or, more precisely, the very trustless nature of crypto, by rapidly eroding its decentralized trustlessness. Crypto’s uniqueness comes from its trustlessness, powered by the underlying infrastructure primarily in layer 1s. The only way to be truly trustless is to be fully decentralized, where decisions are made dispassionately by a large and randomized set of nodes from all across the world, operated and owned by people who, in aggregate, have little to no connections. Read more
Global crypto hot spots are emerging everywhere, from Zanzibar to Sri Lanka and they all have one thing in common. As the blockchain and cryptocurrency industries scale globally, nations are no longer adopting a wait-and-see attitude; theyre actively competing for a slice of the pie. Governments are recognizing that Web3 is a revolutionary technology with wide-reaching implications for economies, governance and digital infrastructure, and countries are vying to attract the top talent to their shores. Whats emerging is a new network of crypto tech hubs: jurisdictions building regulatory clarity and fostering innovation to attract the most ambitious developers and companies in the space. The United Arab Emirates (UAE), Hong Kong and Singapore are among the best known, but there are many regions lining up to shape the next phase of decentralized innovation. But theres one thing that most crypto hubs have in common. See if you can spot what it is, but well let you know at the end. Read more
Global crypto hot spots are emerging everywhere, from Zanzibar to Sri Lanka and they all have one thing in common. As the blockchain and cryptocurrency industries scale globally, nations are no longer adopting a wait-and-see attitude; theyre actively competing for a slice of the pie. Governments are recognizing that Web3 is a revolutionary technology with wide-reaching implications for economies, governance and digital infrastructure, and countries are vying to attract the top talent to their shores. Whats emerging is a new network of crypto tech hubs: jurisdictions building regulatory clarity and fostering innovation to attract the most ambitious developers and companies in the space. The United Arab Emirates (UAE), Hong Kong and Singapore are among the best known, but there are many regions lining up to shape the next phase of decentralized innovation. But theres one thing that most crypto hubs have in common. See if you can spot what it is, but well let you know at the end. Read more