Staking and Liquid Staking: a Primer
Staking – the practice of providing one’s tokens to help operate and secure a network, usually in exchange for rewards – is rapidly becoming a substantial ecosystem of its own as the number and market...
View Article:( , of, oof – don’t think I have anything particular?
Political philosopher Hannah Arendt’s 1963 book Eichmann in Jerusalem: A Report on the Banality of Evil became a classic in part by introducing the concept in noted its subtitle. She argued that the...
View ArticleThawing Out Cold Storage
With a market capitalization of $660 billion as of this writing, bitcoin is not only the first and oldest cryptocurrency, it’s the largest store of value – fully 53% of the total value of all cryptos...
View ArticleLiquid Staking Issues & Perils
In our recent article Staking and Liquid Staking: a Primer we covered the fact that staking is rapidly becoming a substantial ecosystem of its own, including via increasing uptake from institutional...
View ArticleBack to the Future with Misinformation About Crypto
On October 10th, the Wall Street Journal ran a story with the headline, “Hamas Militants Behind Israel Attack Raised Millions in Crypto. Digital currency transactions highlight how U.S. and Israel have...
View ArticleBitcoin Is 15, and the Tributes Are Legion
On the 15th anniversary of Satoshi Nakamoto publishing the Bitcoin white paper, Modern Consensus has gathered a selection of tributes – a mix of the poignant, the thought provoking and since Securities...
View ArticleUndermining Bitcoin’s ECDSA
In the first installment of this series, we introduced the concept of “quantum computing” and how, while still experimental, its implications for blockchain security include the potential exposure of...
View ArticleBrave Enhances Its “Sign-in With Ethereum” and CoW Swap Features
Here’s a thought exercise: what is the most impactful thing you could make in just 10 days? Thirty years before creating the crypto-enabled Brave browser in 2015, Brendan Eich was a young developer at...
View ArticleThe State of Ethereum Scaling
As Ethereum passes the milestone of a quarter of a billion unique addresses, daily gas used has remained over 100 million for more than a year, the number of ENS names registered approaches 2.6 million...
View ArticleWill Congress Finally Do Its Job?
Congress seems drugged and inert most of the time. Even when the problems it ignores build up to crises and erupt in strikes, riots, and demonstrations, it has not moved. Its idea of meeting a problem...
View ArticleJudge Keeps CZ in U.S. Pending Review
As we noted two days ago in Will Congress Finally Do Its Job?, the operator of the world’s largest cryptocurrency exchange, Binance, pleaded guilty and agreed to pay $4.3 billion to resolve the...
View ArticleCrypto Start-up Profile: Superfluid
Ever wonder why our paychecks typically come twice a month or bi-weekly, in some cases weekly? In the 19th century it was common for workers to be paid monthly, at the end of a season – or in the case...
View ArticleBeyond Overpriced JPEGs
“The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime… I don’t believe a second, compatible implementation of Bitcoin will...
View ArticleSandwich Attacks: Are You on the Menu?
Traditional “front running” is trading of stocks or other financial assets using privileged information about an upcoming transaction that is anticipated to significantly impact its price. For example,...
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