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"Elements are conceptually ... the first instance of decentralized consensus," Butcher told CryptoX. "We're trying to play into the themes that Checks is trying to express about consensus on the internet to pre-internet consensus, which is that all of these different cultures, languages, parts of the world, different schools of
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While it remains unclear how the emerging decentralized social projects will generate profit, they keep getting more attention. Jack Dorsey-backed decentralized communications app Bluesky has positioned itself as a major rival to the popular social networking service Twitter. Bluesky, which has the support of the former Twitter co-founder, was founded in
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Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright’s lawsuit. According to Alex Morcos, the “mission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation.” The Future
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Block, a financial services and technology company owned by former Twitter CEO Jack Dorsey has announced it has completed the prototype design of its new five-nanometre (5nm) Bitcoin (BTC) mining chip — which it claims is key to decentralizing the supply of Bitcoin mining rigs.According to a blog post published
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Block's first-party products will come early next year, said Thomas Templeton, Block's hardware lead, in an interview with CryptoX. Asked about the quantity of chips the company bought, he said it is enough to bridge the time until Block can design and productize its own 3-nanometer chips. Source
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Bluesky allows users to use domain names as handles to help achieve decentralized verification and give users more control over their identity. Bluesky, a social media platform created by former Twitter Inc boss Jack Dorsey, has gained significant traction even before its official launch. The official Bluesky Twitter account has more
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The Bluesky social media platform is hiring for software developers positions including React Native expert among others and supports full-time remote capabilities. Bluesky, a social internet marketplace backed by former Twitter Inc boss Jack Dorsey, is now available on Android gadgets. The startup has provided a waitlist for users to join
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Otherside holders get dripped out in GucciLuxury fashion giant Gucci has designed a limited edition pendant for Yuga Labs’ Otherside metaverse that will come in both physical and nonfungible token (NFT) forms. Gucci’s silver jewelry piece is dubbed the “KodaPendant,” and will drop on April 6 for hodlers of the
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In the wake of a damning report by short-selling firm Hindenburg Research, Jack Dorsey’s Block Inc. (SQ) faced its worst week in over three years. NEW FROM US:Block—How Inflated User Metrics and "Frictionless" Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billionhttps://t.co/pScGE5QMnX $SQ (1/n)— Hindenburg Research (@HindenburgRes) March 23, 2023 Hindenburg’s
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Hindenburg continued: "Our research indicates, however, that Block has wildly overstated its genuine user counts and has understated its customer acquisition costs. Former employees estimated that 40%-75% of accounts they reviewed were fake, involved in fraud, or were additional accounts tied to a single individual." Source
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