xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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There is an easier way to categorize the crypto universe.
Cryptocurrency started with Bitcoin in 2009. It gives us one dimension of crypto that runs on the blockchain, with consensus protocol as Proof of Work and miners joined with running nodes.
Ethereum was introduced in 2015 further push Bitcoin into the gaming space. Smart contract was a core feature to trade off from security to flexibility that crypto can do more than just an online payment system.
Throughout 2015, Dogecoin was introduced with a wave of online memes to revolutionize how crypto marketing itself and shell them under the shadow of its opponents.
Then, the rest is history until 2021 the expansion of Web3, and more blockchain products are coming.
However, no matter how far crypto products can go, one more hidden dimension controls all - security.
Security is the core of crypto, no matter how you spin off the idea. The project will be hugely negatively impacted if the security has been breached.
But that is not to say, the higher the project's security, the more likely people will join the blockchain.
After all, we can start putting all cryptocurrencies into this space.
It is easier to see and understand.
If you enjoy reading my articles, buy me a coffee here.
Photo by Jeremy Thomas on Unsplash
There is an easier way to categorize the crypto universe.
Cryptocurrency started with Bitcoin in 2009. It gives us one dimension of crypto that runs on the blockchain, with consensus protocol as Proof of Work and miners joined with running nodes.
Ethereum was introduced in 2015 further push Bitcoin into the gaming space. Smart contract was a core feature to trade off from security to flexibility that crypto can do more than just an online payment system.
Throughout 2015, Dogecoin was introduced with a wave of online memes to revolutionize how crypto marketing itself and shell them under the shadow of its opponents.
Then, the rest is history until 2021 the expansion of Web3, and more blockchain products are coming.
However, no matter how far crypto products can go, one more hidden dimension controls all - security.
Security is the core of crypto, no matter how you spin off the idea. The project will be hugely negatively impacted if the security has been breached.
But that is not to say, the higher the project's security, the more likely people will join the blockchain.
After all, we can start putting all cryptocurrencies into this space.
It is easier to see and understand.
If you enjoy reading my articles, buy me a coffee here.
Photo by Jeremy Thomas on Unsplash
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