Tag: Trustless

What Is Kyber Network?

Even though major cryptocurrency protocols such as Bitcoin and Ethereum already offer a wide range of features, there’s always room for more competition. The Kyber Network is a great example of this, as their protocol is based on Ethereum for the most part. However, their focus is very different, as the main bread and butter involves instantly exchanging and converting digital assets and cryptocurrencies alike. It is an ambitious goal, …
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What is Rublix?

The nature of cryptocurrency markets demands trust in a trustless system, and protecting yourself from some rather common risks. One group called Rublix is working on closing the pitfalls in emergent decentralized markets. They want to rid users, investors, and traders of some of the most common issues and risks that are associated with the current state of these new markets. They have a few projects that are worth checking …
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Ethereum Went From Trustless To A Political Ecosystem Since The Hard Fork

There still seems to be a lot of confusion regarding the outcome of the Ethereum hard fork. The majority of the focus has been on ensuring The DAO investors will be reimbursed after a hacker exploit a code bug allowing him to drain tens of millions of dollars from the project. Creating an “alternative reality” to pretend this never happened is removing the “trustless” factor from “decentralized trustless ecosystem” for …
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Smart Contracts May Need To Play By Dumb Rules

Smart contracts seem to become the norm these days, although there is an argument to be made as to how “smart” these contracts truly are. While there is a certain attribute of efficiency to be gained, there is the question of whether people can make these contracts behave as intended in the real world. Enforcing a Contract to be Smart That will be the biggest hurdle to overcome in the …
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