“The demise of FTX, the crypto exchange run by Sam Bankman-Fried, is horrifying, but it’s a tale as old as time,” writes Hayden Adams. In a guest essay, the founder of Uniswap argues for the potential of decentralised finance
, the crypto exchange run by Sam Bankman-Fried, is horrifying, but it’s a tale as old as time. Opaque processes and intermediation concealed extreme leverage, poor risk management and alleged fraud.’s collapse, crypto could be useful for anything other than scams and speculation. The decentralised finance movement, or “DeFi”, which is built on the technology underlying cryptocurrencies, is nascent. But it offers transparent protocols that also enshrine inviolable user protections.
DeFi’s “self-custody” model provides novel levels of control and risk management for users. When an individual or institution “custodies” their digital assets through a cryptographic wallet, they can choose their own security model, trusting themselves with their private keys or sharing keys with a security provider such as Coinbase or Fireblocks.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Conman posed as member of notorious Lyons crime family to extort cash from teenagerSteven Adams, 34, targeted the terrified 19-year-old student and his family, telling him he was part of the Lyons family in order to extort money from him. He has now been jailed for 22 months.
Læs mere »
Coroner slams eight-hour response to call about woman who was found deadAn inquest into the death of Angeline Phillips was told at one point last Autumn it was taking officers an average of over 17 HOURS to respond to some calls
Læs mere »
Body found in ditch during search for missing 15-year-old boyPSNI believe the body belongs to missing teen, Matthew McCallan, from Northern Ireland who went missing in the early hours of Sunday morning.
Læs mere »
I found three mind-blowing iPhone hacks that will change how you use it foreverA TECH whiz has revealed three seriously handy iPhone hacks that you might have missed. If you really want to master your iPhone, you’ll want to know them. Even long-time iPhone owners won…
Læs mere »
Scarlet fever cluster found at County Down schoolNikol Chambers' son is one of several primary school children to develop the infection, but is recovering.
Læs mere »
Scarlet fever cluster found at County Down schoolNikol Chambers' son AJ is one of several primary school children to develop scarlet fever, but he is recovering.
Læs mere »