19 Jan 2022

Web 3.0 and the undeliverable promise of decentralization

The definition of “Web 3.0” has assumed different incarnations over the past few years, depending on whom you asked and when. We initially thought it would have been some kind of semantic web, with shared ontologies and taxonomies that described all the domains relevant to the published content. The Internet,

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04 Jan 2022

DAOs are the foundation of Web3, the creator economy and the future of work

Decentralized autonomous organizations (DAOs) started out as a simple concept envisioned as organizations, created by an idea and fueled by developers, that automate business functions and processes by leveraging smart contracts and all the fundamental tenets of blockchain. The core idea was to flatten the complex business process that various

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04 Jan 2022

Multi-Chain Can Help Blockchain-Based Applications Proliferate

The ability to customize the blockchain ecosystem via multi-chain opens up a plethora of possibilities when it comes to developing decentralized applications (DApps). Multi-chain will help developers create DApps with expediency, adding to the scalability of the blockchain ecosystem. For the investment world, this opens up a wide array of opportunities

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31 Dec 2021

Can DeFi break out of the partisan trap in 2022?

As the public becomes more aware of decentralized finance in the coming year, we may witness the continuation of an unfortunate, parallel trend: criticism and support of DeFi from national politicians becoming increasingly partisan. This is a lamentable (but perhaps expected) outcome, given that so many of our country’s most important

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29 Dec 2021

Explaining Web3: From the blockchain and crypto to NFTs and the metaverse

Last week on Twitter, Jack Dorsey trashed the buzzy tech trend known as Web3, telling consumers to be wary and dismissing it as a tool for venture capitalists hyping cryptocurrency. Tim O’Reilly, the author who coined the phrase Web 2.0 back in 2004, also warned this month it was too

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20 Dec 2021

People are talking about Web3. Is it the Internet of the future or just a buzzword?

There’s a buzzword that tech, crypto and venture-capital types have become infatuated with lately. Conversations are now peppered with it, and you’re not serious about the future until you add it to your Twitter bio: Web3. It’s an umbrella term for disparate ideas all pointing in the direction of eliminating the

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17 Dec 2021

DeFi Series: What Is a Smart Contract?

Bitcoin may be the largest and best-known cryptocurrency, but other than it — and few other pure cash-replacements coins like litecoin, and stablecoins like tether and USD coin — every token runs on a blockchain that can properly be called a smart contract platform. Smart contracts are the building blocks of

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15 Dec 2021

Proof-Of-Stake And Stablecoins: A Blockchain Centralization Dilemma

I’ve been asked a number of times for an update for my views on Ethereum since my January 2021 article on the topic. In that prior article, I described Ethereum, explained areas where I was bullish, but also expressed my fundamental concerns with it. The overall tenor of the article was

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14 Dec 2021

IEEE Blockchain Identity of Things standardization working group kicks off

Six worldwide corporations have banded together to begin to standardize the IEEE blockchain Identity of Things. According to IEEE chair of the Identity of Things working group Dr. Xinxin Fan, researchers from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX and the China Academy of Information and Communications Technology are developing

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08 Dec 2021

Welcome to ‘Web3.’ What’s That?

At the start of 2020, a Bitcoin was worth just over $7,000. Today, it’s trading at about $50,000, and the value of all cryptocurrencies, of which Bitcoin is one among many, is some $2.3 trillion. This rise has led many to envision a radically different future for finance and to

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