Still frozen: decentralized exchanges are not as safe as Vitalik Buterin thinks

Still frozen: decentralized exchanges are not as safe as Vitalik Buterin thinks

Bitcoin isn't anonymous, Bancor is hacked, half of ICOs die within four months, online course on crypto has started in London, FINRA asks to disclose crypto activities, crypto can become a mainstream, China warns against blockchain

People often look at returns and say this is a great deal, but we teach in finance that return is a compensation for risk. These are stakes in platforms that have not yet been built, that have no participants yet. There’s a lot of risk. The majority of ICOs do fail.

Leonard Kostovetsky, researcher from the Boston College


8,744 USD


272.72 USD


0.001028 USD


0.7644 USD

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Ethereum’s Price Gives the Dai Stablecoin Stability

Stablecoins have taken over a significant portion of the cryptocurrency landscape. The team behind Dai is looking to shake things up significantly, with a rather unexpected approach.  Dai has quickly become a popular stablecoin, primarily due to some investment platforms offering very high interest rates. A new era for the Dai Stablecoin Although this currency is pegged to one US Dollar, the team always wanted to try its hand at doing things very differently.  As such, the value of Dai will be closely linked to the Ethereum price. That is a remarkable, albeit rather risky concept, given how volatile crypto markets tend to be on a daily basis.  According to the Dai team, this change makes perfect sense for all parties involved. By utilizing smart contracts on the blockchain, they will be able to maintain a stable value for this stablecoin regardless of what happens to Ethereum’s value.  There is a secondary purpose to this approach, as Dai would circumvent any regulatory concerns regarding its fiat currency holdings. Users will be able to check up on the supply of Ethereum giving the stablecoin’s supply its current value.  Moreover, the smart contract will serve as a ‘locking mechanism” for the ETH coins its value is linked to.  The balancing mechanisms underpinning this ecosystem will need to ensure the value of one Dai never strays from $1 too much, however.  This move ushers in a new era of so-called decentralized stablecoins, which work very differently from Tether’s USDT and similar ventures.  The post Ethereum’s Price Gives the Dai Stablecoin Stability appeared first on NullTX.

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