decentralization | ForkLog

ForkLog 7 27.06.2024

The Threat of AI to Web3 and Decentralization

Artificial intelligence could “build a wall around closed systems,” bolster existing corporate interests, and hinder the full realization of Web3, experts told Cointelegraph.

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ForkLog 17 22.05.2024

Blockchain Social Network Farcaster Secures $150 Million

The blockchain-based social network project Farcaster has secured $150 million in funding, led by Paradigm. Excited to share the news about our recent fundraise! pic.twitter.com/KJxuPJrtqg — Dan Romero (@dwr) May 21, 2024 The funding round included participation from Andreessen Horowitz (a16z), Haun, USV, Variant, Standard Crypto, and several other firms. Farcaster co-founder Dan Romero stated […]

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ForkLog 24 20.05.2024

Vitalik Buterin Addresses Centralization Threats to Ethereum

Ethereum co-founder Vitalik Buterin has identified three primary challenges threatening the network’s decentralization: MEV, liquid staking, and the cost of running a full node. Grats @dankrad @peter_szilagyi you got me to interrupt my work on EIPs and make a twitter response that turned into an unscheduled poast ?https://t.co/mmVaiEV68K — vitalik.eth (@VitalikButerin) May 17, 2024 The […]

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ForkLog 18 17.05.2024

Internet Computer: the Swiss army knife for cloud computing

Rising demand for decentralisation is spawning supply across many fronts. In cloud computing and data storage, decentralised physical infrastructure networks (DePIN) have emerged as the answer. One of the bigger projects in this segment is Internet Computer (IC), built by the DFINITY Foundation and its founder, Dominic Williams. Sergey Golubenko explains this inventive ecosystem for […]

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ForkLog 8 08.04.2024

Decentralised society and its enemies: Can DeSoc replace X, Facebook and YouTube

In May 2022 a paper, “Decentralised Society: Finding Web3’s Soul”, by Vitalik Buterin, Glen Weyl and Puja Ohlhaver set out the idea of soulbound tokens (SBTs) and called for the creation of a decentralised society (Decentralised Society). The term is widely thought to have entered public discourse then. As the crypto community embraced the idea, […]

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ForkLog 16 21.03.2024

Vitalik Buterin Advocates for Decentralizing Ethereum Staking

Ethereum co-founder Vitalik Buterin, during a conference in Taiwan, stated that centralization has become a primary issue for the network’s PoS mechanism, particularly concerning staking services. According to him, Lido, Coinbase, and Binance have acquired an “excessive market share.” Data: Dune. The amount of cryptocurrency locked in the leading liquid staking platform is 9.8 million […]

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ForkLog 13 13.03.2024

Distributed knowledge: how DeSci works—and whether decentralised science has a future

Decentralised science (DeSci) is a movement that brings together researchers, philanthropists and Web3 enthusiasts to build a level playing field for creating, verifying, storing and disseminating knowledge, underpinned by transparent funding of scientific discovery. DeSci borrows the best from other decentralised strands. From ReFi it takes a more diverse mix of funding sources: DAOs, quadratic […]

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ForkLog 10 29.02.2024

Io.net to Launch Reward Program Ahead of Token Airdrop

On March 1, the DePIN protocol Io.net, based on Solana, will initiate the first phase of a points reward program ahead of an anticipated April airdrop, according to The Block. The initiative, named Ignition, will run until April 28. “The reward algorithm considers several factors, including the number of work hours completed, node bandwidth, GPU […]

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ForkLog 9 29.02.2024

Durov Proposes Solution to Preserve TON’s Decentralization

Following the announcement to sell advertising on Telegram using the cryptocurrency Toncoin, users expressed concerns that the messenger might begin to control a significant portion of the coin’s issuance. Pavel Durov proposed a solution to the issue. According to him, the Telegram team will be limited to owning about 10% of the total token supply. […]

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ForkLog 27 21.02.2024

Tokens for noise and a Web3 alternative to Google Maps: the most interesting DePIN projects

At the end of 2023, leading analysts and funds, as is customary, published their investment forecasts for the coming year. Many converged on the appeal of decentralised physical infrastructure (DePIN). This article by Sergey Golubenko explains how the segment works and why investors are focusing on it now. What is the idea? In the 2010s […]

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ForkLog 16 09.02.2024

Ripple CTO Criticizes ‘Robin Hood’ Token Concept

The concept of issuing ‘Robin Hood’ tokens based on the community-approved XLS-39 amendment is not without its flaws, according to Ripple’s Chief Technology Officer, David Schwartz. I *love* that idea. — David “JoelKatz” Schwartz (@JoelKatz) February 9, 2024 The Ripple CTO expressed his “love” for the idea. This was his reaction to the concept of […]

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ForkLog 23 06.02.2024

Farcaster’s User Base Expands Ninefold Following Frames Launch

From January 25, the day before the launch of Frames functionality, to February 3, the number of daily active users of the social protocol Farcaster on OP Mainnet increased 9.3 times — from 2,700 to 25,000 (ATH). This was reported by The Block. The number of content creators in social applications based on the protocol […]

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