Lebanese turn to crypto and decentralization as banks close indefinitely

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The Association of Banks in Lebanon (ABL) announced on September 22 the indefinite closure of all banks in the country, as depositors became aggressive about withdrawing their funds. Meanwhile, young Lebanese are turning to crypto to escape the financial crisis, which has been driving uptake since 2021. Due to the economic crisis, the government restricted … Read more

Ethereum under the control of 4 companies that can decide what they want, it’s the end of decentralization!

Ethereum under the control of 4 companies that can decide

All of that has changed, and most miners have transitioned or are planning to transition to other Ethereum-compatible coins, like Ethereum Classic, ERGO, and the new ETHW fork. Today, Ethereum blocks are verified by validators and there are 429,278 validators. However, a large portion of the 13.7 million ethereum staked is held by four well-known … Read more

Amid Tornado Cash Penalties, Crypto Decentralization Remains An Enigma

Lost money from mining 45 million crypto wallets Heres what

When the movie “I, Robot” highlighted the dilemma of trying to program ethics into robots through the “three laws,” the dystopian future of machines rebelling against humans still remains a production of fiction. Hollywood. However, between artificial intelligence and smart contracts now programmable on a blockchain, it seems like the future of how we enforce … Read more

Ethereum 2.0: The insoluble problem of decentralization?

Ethereum 20 The insoluble problem of decentralization

A fearful centralization – Everyone has been aware of the significant congestion problems of Ethereum (ETH) for many months. Faced with these, second-layer solutions have regularly been put forward as embodying the absolute solution. Problem: these would in fact have no impact on the tendency towards centralization experienced by the block production process. Vitalik Buterin … Read more

Theft of several NFTs revives a heated debate on decentralization

Theft of several NFTs revives a heated debate on decentralization

The OpenSea NFT sales platform has “frozen” NFTs that have allegedly been stolen. The decision, taken a few days ago, has launched an important debate within the crypto community. ” I have been hacked. All my monkeys are gone. Please help me “. Todd Kramer’s call for help, launched on December 30, 2021 on Twitter, … Read more