#decred

DCR is holding steady near $55, backed by a massive 60% staked supply 🔒—tight supply, stronger stability. The project reaffirmed its hybrid PoW/PoS strength, stating a 51% attack is “not achievable” 🛡️. Despite slower trading activity, DCR still delivered a 4.59% weekly gain 📈, outperforming many majors in a cautious market.

O reforço na fiscalização de transferências via Pix e cartão de crédito não significa criação de impostos, esclareceu a Receita Federal. Em comunicado, o Fisco desmentiu informações falsas que circularam nas redes sociais nos últimos dias sobre cobrança de imposto para transferências digitais. Em 1º de janeiro, entraram em vigor as novas regras da Receita Federal para a fiscalização de…

Combining proof of work and proof of stake for a decentralized financial system with Decred

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The use of decentralized technologies in finance has become increasingly popular in recent years, as many people are looking for alternatives to traditional centralized systems. One project that is working to create a decentralized financial system is Decred, which is a peer-to-peer cryptocurrency that uses a combination of proof of work and proof of stake to secure its network.

In episode 49 of SlateCast, Jake Yocom-Piatt, the project lead for Decred, discussed how the project is working to create a decentralized financial system that is resistant to censorship and regulation. One of the key features of Decred is its use of a decentralized message board, which allows users to subscribe to certain denominations of the currency and run a coin shuffle++ process. This ensures that even if a government agency is tracking network connections, it will not be able to track which outputs are controlled by which peers are in the mix.

Another interesting aspect of Decred is its approach to censorship. Yocom-Piatt stated that the project is working towards a peer-to-peer mesh, which would replace the centralized server with a P2P mesh. This would make it much more difficult for anyone to enforce regulations, as there would be no single point of control. He also mentioned that the community that validates the process could agree to stop certain actions, such as transactions with known terrorist organizations, through a democratic process.

Yocom-Piatt also discussed the role of mining in Decred, stating that it plays an important role in validating the headers of blocks and ensuring the security of the network. However, the project has also faced issues with miners accumulating large amounts of the currency and dumping it on the market, leading to a change in the subsidy split from 60% mining and 30% staking to 10% mining and 80% staking.

The Decred project also has a network treasury, which is funded by 10% of every block and is controlled by stakeholders. The treasury is used to fund contractors and proposals, with invoices being reviewed and paid once a month. This adds a layer of transparency to the funding of the project and ensures that even if key members of the project are no longer able to participate, the network treasury can still be spent and controlled by the stakeholders.

Overall, the Decred project is working to create a decentralized financial system that is resistant to censorship and regulation while also ensuring the security and transparency of its network. With the increasing importance of privacy and decentralization in the world of finance, projects like Decred will likely continue to gain attention and support from those looking for alternatives to traditional centralized systems.

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Decred launches new social media platform Bison Relay

Decred (DCR/USD) has launched a new peer-to-peer social media and messaging platform dubbed Bison Relay. In an announcement shared with Invezz, Decred said Bison Relay is a secure, private, and censorship-resistant platform where users will have custody over their personal data. The project is Decred’s latest, adding to its decentralised exchange DCRDEX and decentralised voting system Politeia. A…

Decred Launches Social Media & Messaging Platform, Opera Announces a Suite of Security Features, T-Systems MMS Participates in Chainlink Staking

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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________

Social media news

Decred (DCR) announced the launch of Bison Relay, described as a “private, censorship-resistant social media and messaging platform that gives users custody over their data.” Per the announcement, the platform offers “zero knowledge communications” with end-to-end encryption, server operators can’t see what users share or which chats they participate in, and users can monetize their content using the built-in Lightning Network.

Security news

Opera announced the launch of Web3 Guard – a suite of browser security features designed to make web browsing safer for crypto users, said an announcement. Some of the main components of Web3 Guard include Dapp Check, Seed Phrase Phishing Check, and Malicious Address Checker.

Blockchain security provider OpenZeppelin announced a new Metaverse Security service with The Sandbox, a decentralized gaming virtual world and a subsidiary of Animoca Brands, meant to help protect metaverse protocols from hacks and exploits. Per a press release, “the new service involves OpenZeppelin applying its real-time monitoring suite and broadcast alerts for potential threats and anomalies, while also providing routine codebase analysis and strengthening smart contract security.”

Web3 news

T-Systems MMS, a part of Deutsche Telekom, announced its participation in Chainlink Staking. Per the press release, with this move, T-Systems MMS can help facilitate the real-world adoption and advancement of blockchains as it continues its support for decentralized infrastructure. It already supports Web3 by running a Chainlink node.

Smart contract blockchain BNB Chain said it concluded its European Innovation Incubator with the announcement of its top three winners: Wallchain, Cashmere Labs, Cora Protocol, Vyper Protocol, AltLayer, Realfevr, and Mummy.io. Over 520 projects registered within Europe, with 31 teams selected to participate in the program, said the announcement.

Web3 data provider Covalent announced its partnership with multichain Ethereum scaling solution SKALE. Its goal is to support development in the Ethereum appchain (application-specific blockchain) ecosystem “by combining SKALE’s leading network of gas-free app-chains with Covalent’s rich, granular, historical data at no cost,” said the press release.

DeFi news

Curve announced it would soon be integrating with zkSync‘s 2.0 mainnet. “This matters because it incentivizes liquidity to the ecosystem, users have a place to efficiently trade stablecoins, and enables new projects to be built on top,” said an announcement.

THORChain, a non-custodial decentralized native asset protocol that enables wallets, decentralized exchanges (DEXs), and users to transfer their digital assets across blockchains, has completed its integration with Trust Wallet, a self-custodial and multi-chain wallet provider. Per the announcement, THORChain is now a cross-chain swap provider in the Trust Wallet app on Android, while the support for cross-chain swaps on iOS will be released in the following days.

RockX, a staking solution and institutional-grade blockchain access node provider, partnered with the decentralized Ethereum staking infrastructure ssv.network to integrate Distributed Key Generation (DKG) and Resharing Protocol into ssv.network’s Distributed Validator Technology (DVT) solution. According to an announcement, “set to launch in the first half of 2023, this will be the first comprehensive DVT solution that addresses security issues posed by the updated Ethereum blockchain, while also encouraging decentralisation across the network.”

Gaming news

Trivians, a crypto-powered trivia gaming platform, announced the official launch of its no-investment play-and-earn app. “Players can enjoy a diversity of knowledge-based games and trivia buffs get rewarded with Trivian Tokens (Trivia) for every correct answer,” it said. Quizzes and word puzzles take the form of live broadcasts, single-player and massive multiplayer battles royale, instant play, and scheduled tournaments, it added.

Investment news

Spaceport, a Web3 licensing protocol that allows monetization of intellectual property, announced $3.6 million in pre-seed funding led by Arca, Decasonic, and CRIT Ventures, the venture capital arm of publicly-traded game developer Com2Us, with participation from Cozomo De Medici, Diaspora Ventures, Infinity Ventures Crypto, FBG Capital, Nextview Ventures, Republic Asia, and Valhalla Ventures. The team plans to use the funds for new hires, partnerships with IP holders, and work towards a public launch of their products, said the announcement.

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VIDEO: Blockchain and elections | Jake Yocom-Piatt

Amid election week in the US, it felt topical to look at how technology could potentially impact the process going forward. Today, we vote with a pen and paper in most states. “Coming home to vote” is a well-repeated phrase in my home country of Ireland, where people need to travel back to their various constituencies in order to vote. It definitely feels like one of the last remaining industries…

The Top Privacy Coins Saw Fewer Percentage Losses Than Most Tokens This Week

The privacy coins monero and zcash managed to see fewer percentage losses against the U.S. dollar this week, in contrast to crypto assets like bitcoin, ethereum, and solana. Seven-day statistics indicate zcash has lost 5.6% against the USD, while monero dropped by 6.1%. Privacy Coins Manage to Stave off Some of This Week’s Market Carnage, but Are Still Down 62% Lower Than 9 Months Ago At the time…