Computer Scientist: Users Will Value Decentralized Systems More as Web3 Tech Matures

September 7, 2024 Bitcoin.com

bitcoin.com

The general public is not actively concerned about whether applications are decentralized because they often cannot tell the difference between centralized and decentralized systems, according to Cais Manai, co-founder of Obscuro Labs. What matters more to them, Manai argues, is how decentralization can address real-world issues. Users Set to Value Decentralized Systems More As an […]

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Serial Entrepreneur: Digital Ecosystem Favors Data Distributors Over Creators

September 7, 2024 Bitcoin.com

Artificial intelligence (AI)

According to Victor Yu, co-founder of Carv, the current digital ecosystem favors data distributors over data creators. While he acknowledges the usefulness of regulatory frameworks like the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA)in overseeing internet users, Yu believes these frameworks fall short because they do not translate into full user […]

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DePIN to be ‘crypto’s next big use case’ — MV Global

September 5, 2024 Coin Telegraph

Arweave

Applications range from digital storage to energy markets, the report said, while pointing to significant use cases for the technology.

Decentralized physical infrastructure networks (DePINs) will be Web3’s “next big use case,” with the potential to onboard “a significant number of new users to the crypto space,” according to a Sept. 5 report by MV Global, a Web3 investing firm.

“Real-world adoption has accelerated with hundreds of thousands of users of multiple individual protocols,” MV Global said. “[T]his is only the start of what we think will be a massive wave of growth… not only for current Web3 users but also for Web 2 converts.”

DePINs are blockchain protocols aimed at decentralizing real-world infrastructure and systems, including communications networks, data warehouses, energy markets, and more. According to MV Global, the ecosystem currently comprises upward of 1,000 projects and represents more than $50 billion in aggregate market capitalization.

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Could centralization be the silent killer of AI and cloud innovation?

September 4, 2024 Coin Telegraph

Explore the risks of centralization in cloud computing and AI and discover how decentralized models are changing the landscape for innovation and independence.

Advancements in cloud computing, data storage and artificial intelligence have transformed how businesses operate and manage information. However, this transformation has also led to challenges because these technologies are highly centralized and in the hands of a few tech giants.

The cloud computing industry is currently dominated by three key players: Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform. These companies control over 65% of the global cloud computing market. AWS holds the largest share at 31%, followed by Microsoft Azure at 25% and Google Cloud at 11%. This concentration of power raises several concerns for the broader technology ecosystem.

Growth of leading providers’ customer count since 2019

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Vitalik Buterin has radical scheme for the pseudo-decentralization of entire cities

September 1, 2024 Coin Telegraph

cities

The Ethereum creator’s utopia seems a lot like a decentralized autonomous organization, but with taxes.

Ethereum co-founder Vitalik Buterin recently shared an innovative blueprint for a city that would be built on as a hybrid enveloping the principles of democracy, capitalism, and decentralization.

His commentary came during replies to a post on Farcaster, the cryptocurrency luminary’s social media platform of choice.

Source: Vitalik Buterin.

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TON Community Backs Telegram Founder Durov — Reaffirms Commitment to Decentralization

August 26, 2024 Bitcoin.com

Arrest

The TON community has reaffirmed its commitment to freedom of speech and decentralization, showing strong support for Telegram founder Pavel Durov following his arrest in France. The community emphasized Durov’s dedication to an open internet and called for collective resilience among its members. TON Community Issues Statement After Pavel Durov’s Arrest The TON community issued […]

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Why 2024 Should Be Bitcoin’s Year to Step Away From Politics

August 25, 2024 Bitcoin.com

Benjamin Friedman

As the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool or condemning it as a threat to economic stability. […]

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Nigerian Central Bank Affiliate Partners With Blockchain Startup Zone to Boost Payments

August 23, 2024 Bitcoin.com

Africa

The Nigeria Inter-Bank Settlement System (NIBSS) has partnered with Zone, a decentralized payment infrastructure company, to improve its payment services. NIBSS will use Zone’s blockchain technology to streamline its Payment Terminal Service Aggregation (PTSA) operations. Both NIBSS and Zone believe that blockchain technology can revolutionize the financial sector and enhance regulatory oversight. NIBSS Enhances Payment […]

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EigenLayer’s EigenDA touts 10x cut in data prices

August 19, 2024 Coin Telegraph

Coin Telegraph

The data availability protocol is also introducing a "free tier."

EigenDA, EigenLayer’s data availability protocol, has cut prices for its service by 10x and introduced a ‘free tier’, according to an Aug. 19 EigenLayer blog post.

EigenDA is a “data availability layer” operating on EigenLayer’s Ether (ETH) restaking platform designed to reduce the costs of storing and accessing onchain data for Ethereum’s layer-2 scaling chains. The price cut comes as EigenDA is pushing to onboard more layer-2s to its platform, which launched in April.

EigenDA’s mission is to make “reliable, scalable, and secure data availability (‘DA’) abundant,” according to the blog post. “In pursuit of this goal, and enabled by the scalability of its design, EigenDA strives to be the most price-performant DA solution.”

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Dark DAOs: Vitalik Buterin explores ways to mitigate bribery threats

August 16, 2024 Coin Telegraph

Coin Telegraph

Proof of Complete Knowledge (PoCK) aims to prevent bribery attacks by ensuring real control over voting keys.

A group of researchers from Cornell University is investigating potential threats that could turn into “dark” voting systems in decentralized autonomous organizations (DAOs).

This group is formed by Ethereum co-founder Vitalik Buterin and PhD students Mahimna Kelkar, Kushal Babel, Philip Daian and James Austgen. Their work revolves around how to mitigate an imminent threat to decentralization as DAOs go mainstream: unified attacks against protocols through smart contracts bribery.

During the Science of Blockchain Conference held at Columbia University in early August, Cointelegraph spoke with Mahimna Kelkar about the group’s research on proofs of complete knowledge (CK) — a new cryptographic notion they introduced in 2023.

Decentralization

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