“That’s what the world is, after all: an endless battle of contrasting memories” – Murakami
As 2018 becomes 2019, we wanted to take the opportunity to provide our readers a quick recap of some of the interesting takes and viewpoints on the current state of cryptocurrencies and what the future of cryptocurrencies could potentially be. As can be expected, the posts have been authored by angular with very strong views, and are unique in the perspective they provide, cutting through all the clutter we have seen in crypto literature, especially over the past 12 months or so
Today we bring to you the best blog posts we found this past year on Ethereum – the leading decentralized smart contract execution platform for DApps.
In the words of Vitalik Buterin, Ethereum was intended to be a “sufficiently powerful Turing-complete scripting language”, that was the key missing feature to Satoshi’s original vision of bitcoin, which was originally intended to be “..desired to test two parameters- a trustless, decentralized database enjoying security enforced by the austere relentlessness of cryptography and a robust transaction system capable of sending value across the world without intermediaries…”.
Ethereum is the first ‘truly programmable’ blockchain, and has led to the emergence of Dapps, as well as,fortunately or unfortunately, the ICO boom, as well as multiple other protocols that leverage Ethereum. There are any number of reasons Ethereum could still fail, but as we explored in an earlier post on crypto market structures, we think Ethereum is a great position, in spite of the emergence of worthy competitors such as, notably, Dfinity, Algorand, Polkadot, Tezos etc, to name a few. It is fascinating to revisit the genesis of Ethereum on the bitcointalk channels as well.
Demystifying the Road to Ethereum 2.0 by Maria Paula Fernandez
An elaborate and technical blog post that talks about the various milestones for Ethereum 2.0 and the plan to reach those milestones.
The State of the Ethereum Network by Consensys
A snapshot of all the metrics and activity on the biggest smart contracting platform. The platform also briefly touches upon the scalability challenges facing the Ethereum network.
The Synergies Gained from Building on Ethereum’s Decentralized App Ecosystem by Preethi Kasireddy
Although a slightly dated post, this one elegantly captures how and to what scale synergies can arise between DApps due to the openness of public blockchains and smart contracting platforms.
Gas Ain’t Gold: Why Ether’s Price Could Tank Even If Ethereum Succeeds by Michael J Casey
A fairly critical analysis of why Ether could still lose value even if Ethereum becomes globally successful. An interesting take on the relationship between price, value created and value captured.
The Web3 Stack by Kyle Samani
An insightful post that delves deep into the individual components (protocol, consensus, applications, etc.) of the Web3.0 infrastructure stack.
“UK Crypto Exchanges Pose Low Money Laundering Risk” Cryptocurrency exchanges in the U.K. present a “low risk” for money laundering and terrorist financing activities, according to a report published last week by the Financial Action Task Force (FATF), a global anti-money laundering policymaker. The report states that while such activities are an “emerging risk,” there is not enough evidence yet to suggest that they are occurring through crypto exchanges.
“Crypto Regulation Debate in South Korea” South Korea’s representative body, the National Assembly, held a crypto regulation debate arranged by major local cryptocurrency exchanges. The debate was attended both by crypto entrepreneurs and politicians, such as Democratic Party member Kim Byung-wook and representatives for the Liberty Korea and Bareunmirae parties. The country’s financial watchdog, the Financial Services Commission (FSC), also sent a representative to the discussion.
“Crypto Insurance” Gibraltar Blockchain Exchange (GBX) has announced an insurance policy to cover its digital assets in partnership with Gibraltar-based Callaghan Insurance. Cryptocurrencies held in both the hot and cold wallets of the trading platform will be insured. The insurance also means digital currencies held by the exchange for investors will be covered, “providing additional reassurance to a wide variety of traders around security and transparency,” stated the CEO.
“YGC Looks to Raise $200 Million” David Johnston has launched Yeoman’s Growth Capital (YGC) fund, seeking to raise up to $200 million to invest in projects that have built functioning software but need help getting it into users’ hands. Johnston’s personal family office (FO), Yeoman’s Capital, has committed an undisclosed amount of capital to the YGC fund. One of the fund’s managing partners is Henry Liu, former growth strategy at Facebook, who joined Yeoman’s Capital in January of this year as chief investment officer.
“ErisX Appoints Trudeau as CSO”Crypto exchange ErisX has announced the appointment of veteran exchange founder Matt Trudeau as its chief strategy officer (CSO). Matt Trudeau has to date assisted in ten global market launches — including Instinet, Chi-X, IEX and Tradewind. As reported in early December, ErisX raised $27.5 million from Fidelity Investments and Nasdaq Ventures, among others, following a prior investment from retail brokerage firm TD Ameritrade and others this October.