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In addition to providing software that can make outages and mishaps less likely for validators large and small, Obol thinks it will be able to ameliorate some of the issues with centralized control. “Today we think of validators as individuals or single entities,” Oisín Kyne, CTO at Obol Labs told
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Dear Elon, This Is How to Decentralize Twitter and Give the Internet Back to Everyone Original Source
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The ride-sharing industry is poised for another paradigm shift with Web3 protocols, allowing new companies and drivers to bid for rides using a matching algorithm, according to the Decentralized Engineering Cooperation (DEC) — the company behind the Solana-based protocol TRIP that enables mobility-based applications.According to DEC, on the TRIP platform,
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A Kenyan bitcoin mining company, Gridless, recently revealed how it is helping local communities reduce electricity costs by using excess generated power to mine bitcoin. The Gridless model has been hailed because it potentially helps to decentralize bitcoin mining as well as move some hashpower to Africa. Using Wasted Energy to
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He added that the first proposal includes dividing the DAO into three subcommittees focused on game developers, esports and guilds, and Web3 and the metaverse. Within those subcommittees, groups such as game developer Ubisoft, esports group FaZe Clan, and venture capital firm Animoca brands will contribute to the governance of
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Some people were annoyed when they heard Ethereum Name Service, more commonly known as ENS, would be issuing a token. It was the “one, legitimate tokenless project,” and it was bending the knee to the market. Tokens are speculative by nature, prone to severe price fluctuations and reminiscent of carnivals.
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Blockchain gaming platform Enjin is establishing a new fund to support the development of the metaverse ecosystem and make it more decentralized.Enjin, a startup behind the nonfungible token (NFT)-focused blockchain Efinity, has formed a $100-million fund to support Efinity adopters as well as other related projects, the startup announced Thursday.“It
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Meanwhile, Luke Dashjr, veteran bitcoin coder, argued on Twitter that there are other aspects of mining centralization that still need to be addressed. For example, the fact that only a handful of companies produce mining hardware, the computers made specifically for producing bitcoin, is also a grave threat to decentralization. Source
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