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Will Qtum (QTUM) make money from Decentralization?
They intend Qtum (QTUM) to be a more flexible and decentralized blockchain. For example, they claim Qtum’s community can adjust the block size, gas prices, and other important blockchain features. They claim Qtum can theoretically process millions or billions of transactions per second by combining layer-one and layer-two blockchain solutions. To explain, a layer-one is a basic blockchain like Bitcoin (BTC) or Ethereum (ETH). A layer-two is an additional chain they add to blockchain to…
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'Uniswap Controlled by a16z?': Crypto Twitter Split Over VC Firm's Governance Move
It’s another day in crypto governance experiments. This time, Uniswap has taken center stage in a divisive new proposal to deploy the trading protocol on BNB Chain. Specifically, commentators have raised concerns about the emergence of an influential whale in the project’s governance process. That whale is venture capital fund Andreessen Horowitz, or a16z, which has deployed all 15 million of its UNI tokens to vote against the current proposal. UNI is Uniswap’s native token,…
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Building a Transparent Supply Chain
Idea in Brief Blockchain, the digital record-keeping technology behind Bitcoin and other cryptocurrency networks, is a potential game changer in the financial world. But another area where it holds great promise is supply chain management. Blockchain can greatly improve supply chains by enabling faster and more cost-efficient delivery of products, enhancing products’ traceability, improving coordination between partners, and aiding access to financing. To better understand this opportunity, we studied seven major U.S. corporations that are…
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1. Market Risk: Price Volatility The risk of getting caught in a speculative bubble or market-driven price cash depends on how speculative the activity is in a digital currency. Stablecoins, which are pegged to fiat-currency values and hold underlying collateral (in the peg currency, or more often in highly liquid assets, such as treasuries), are often marketed as being relatively risk free. But even stablecoins can be volatile, especially when the collateral is inadequate (for…
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Board of Governors of the Federal Reserve System
December 16, 2022 The stable in stablecoins Garth Baughman, Francesca Carapella, Jacob Gerszten, and David Mills Introduction Stablecoins have garnered much attention as a key part of the emerging decentralized finance (or “DeFi”) ecosystem, and as a potential way to pay for goods and services. Stablecoins facilitate trades on crypto exchanges, serve as the underlying asset for many crypto loans, and allow market participants to avoid inefficiencies stemming from converting back to fiat currency for…