Vast Majority of DApps for Finance Built on Ethereum Blockchain

Ethereum devs constitute the vast majority of Decentralized Finance (DeFi) application (DApp) creators, according to a report by Binance Research on June 6.Number of DApps per blockchain, courtesy of Binance ResearchAccording to the report, DeFi can be thought of as the following:“An ecosystem comprised of applications built on decentralized networks, permissionless blockchains, and peer-to-peer protocols…

The Land of the Free: Why Decentralization Matters in the Crypto Republic

On May 30, Tezos implemented the amendment Athens A, as the result of a voting process that involved its baker nodes (the Tezos equivalent of “miners”) from Feb. 28 to May 30.Although the actual relevance of the upgrade was quite small (see below), the Tezos community underlines that the test was a milestone. The smooth…

DeFi and Credit on the Blockchain: Why Loans Are Better When They’re Decentralized

In the feverish quest to decentralize anything even remotely open to decentralization, one of the most promising areas is finance and the financial industry. This shouldn’t be too surprising, given bitcoin and the origins of blockchain technology, but at a time when even babies are being put “on the blockchain,” the emergence of decentralized finance…

‘Augur Scam’ Sparks Centralized Vs. Decentralized Debate on Reddit

According to a Reddit thread on March 19, traders on Augur, a decentralized oracle and peer-to-peer protocol for prediction markets, are being scammed. The Reddit user claims that “some people” in the Augur community are exploiting a design element of the Augur protocol by purposefully creating invalid markets through ambiguous wording. This allows them to…

Litecoin’s Charlie Lee: Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’

A decentralized cryptocurrency is by definition vulnerable to 51 percent attacks, the creator of Litecoin (LTC) Charlie Lee stated in a tweet Jan. 7.In the wake of recent news about unusual mining activity on the Ethereum Classic (ETC) network — which many continue to refer to as a 51 percent attack — Lee shared his…

Here Is How Blockchain Will Help to Explore Space

Space is an area that has been historically researched by few governments, being a complex matter that requires thorough, high-class research and, therefore, substantial funding. More recently, with the emerging popularity of audacious startups like SpaceX, space exploration has become a less exclusive area. Now, however, it seems that the cryptocurrencies’ primary features — blockchain,…