decentralization | ForkLog

ForkLog 12 25.10.2024

Farcaster’s Monthly Revenue Plummets by 96% from February Peak

In October, the revenue of the DeSoc project Farcaster amounted to approximately $15,825, marking a 96% decline from its February peak of $415,900, according to data from the Dune dashboard. Data: Dune. In September, the platform earned $32,840, reflecting a drop of more than half. Farcaster gained popularity earlier this year following the launch of […]

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ForkLog 11 08.10.2024

Linea Unveils Roadmap for Decentralization

ConsenSys developers have introduced a protocol improvement proposal for their Layer 2 network project, Linea, focusing on decentralization solutions. ?️ Let’s dive into the latest proposal on L2 decentralization! ? 1️⃣ I went through @florian_huc‘s proposal on @LineaBuild‘s decentralization and want to share key concepts. Here’s a breakdown of the first ideas: ? Shout out […]

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ForkLog 10 03.10.2024

Vitalik Buterin Advocates Lowering Solo Staking Requirements for ETH

Vitalik Buterin acknowledged the need to reduce the minimum deposit to 16 or 24 ETH. His proposed solution would increase hardware requirements for solo stakers. Ethereum co-founder Vitalik Buterin has emphasized the importance of reducing the minimum amount of ETH required for individual staking and proposed a solution. I think there’s a sane version of […]

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ForkLog 37 17.09.2024

Your transaction @#$%. Why censorship is spreading in crypto

Few crypto projects can afford to operate in conditions of full decentralisation, one of whose key hallmarks is resistance to censorship. Any community is compelled to follow its own rules and principles—and the laws of the state. Attempts are under way to remove the human factor from blockchains, but experiments combining cryptocurrencies and artificial intelligence […]

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ForkLog 9 09.09.2024

DeSci Projects Predominantly Focus on Healthcare

In the realm of decentralised science (DeSci), healthcare-related projects are in the majority. This was stated by VitaDAO steward Alex Dobrin in a conversation with Cointelegraph. He believes this trend has partly emerged because the pace of new drug development “motivates taking science and development into one’s own hands.” Moreover, there is a growing negative […]

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ForkLog 14 09.09.2024

The Decline of DeSoc: Friend.Tech Abandons Smart Contracts and Farcaster Stagnates

Friend.Tech developers have relinquished administration of the protocol’s smart contracts. The social platform’s revenues have plummeted catastrophically. User activity metrics in Farcaster and Lens Protocol are stagnating. Developers of the Web3 social network Friend.Tech have transferred the administration and ownership rights of the project’s smart contracts to an Ethereum burn address. Admin and ownership parameters […]

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ForkLog 11 03.09.2024

Bernstein Identifies Blockchain as a Solution to Internet Content Censorship

The immutability offered by blockchain technology could serve as a tool to prevent content censorship, particularly in the emerging era of AI. This is according to a report by Bernstein, as cited by The Block. Analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindaliya highlighted recent events: Facebook founder Mark Zuckerberg admitted that the platform complied […]

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ForkLog 7 02.09.2024

Cardano’s Chang Hard Fork Ushers in Decentralized Governance Era

The Cardano network successfully executed the Chang hard fork at block #10,764,778. This update marks the beginning of the Conway ledger era and the ecosystem’s transition to decentralized governance. Today’s Chang hard fork marks a major milestone for the Cardano blockchain, ecosystem, and community––fulfilling the promise of a truly self-governing, decentralized network. Welcome to a […]

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ForkLog 70 23.08.2024

“Yes”, “No”, Web3Net: How decentralised prediction markets work

Prediction markets have existed online for roughly 30 years; in 2024 their Web3 incarnations took off amid America’s presidential race. Sergey Golubenko explains how an idea from the Austrian school morphed into a business—and into a theory of how to build a better society. Early prototypes Prediction markets are speculative venues where users trade contracts […]

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ForkLog 9 29.07.2024

Ethereum Developer Warns of Network Centralization Risks

Ethereum’s execution layer team lead, Péter Szilágyi, has voiced concerns about the blockchain’s potential shift towards centralization. PeerDAS is the direction #Ethereum is being taken into with the next forks, with the aim to raise (not immediately) the blobs up to a staggering 32MB. That’s fun, but are we aware that local block production is […]

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ForkLog 52 19.07.2024

Venice AI Emerges as a Decentralized Rival to ChatGPT and Gemini

The decentralized generative AI model, Venice AI, has connected to the internet and commenced real-time operations. https://t.co/m2jsJuDuXS users, we hear you: real time info/web search is now available. There is now a web-enabled AI model, and as of this morning it is the default. This means you can ask questions that need live/up to date […]

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ForkLog 12 01.07.2024

Analyst Predicts ‘Supercycle’ for DePIN Sector

The DePIN sector is experiencing rapid growth as major companies like Amazon Web Services, Google Cloud, and Cloudflare seek efficient scaling solutions. This was stated by the researcher known as Emperor Osmo. A DePin Supercycle is upon us. We are entering a golden age where Web3 projects significantly enhance the growth of Web2 platforms. I’m […]

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