TLDR Crypto Daily Update 2022-10-12

Google/Coinbase partner πŸͺ™, SEC investigates Bored Apes πŸ’, the web3 app store πŸ“±

How to improve security in Web3 code? 4 methods used by Coinspect (Sponsor)

Decentralized System Design Review: Identify possible attacks, rate their impact, and suggest remediations.

Smart Contract Audit: A detailed study of smart contract code and architecture to find vulnerabilities and flawed assumptions.

Penetration Testing: Simulating a skilled attacker trying to penetrate your network or application. Learn more

Source Code Audit: Experts manually inspect your source code to identify weaknesses and provide advice to improve.

Request a security audit for blockchain or smart contract products

πŸ“ˆ
Markets & Business

Bored Ape Yacht Club creator Yuga Labs part of SEC probe into NFT market (2 minute read)

The SEC began investigating NFTs in March to determine whether any projects go against federal securities laws. While Yuga Labs is included in the investigation, the agency has not accused the company of any wrongdoing. Yuga Labs says it is committed to fully cooperating with any inquiries. The SEC has chosen to regulate by enforcement rather than clarify its position on which cryptocurrencies are securities.

Google selects Coinbase to take cloud payments with cryptocurrencies and will use its custody tool (3 minute read)

Google will use Coinbase to let some customers pay for cloud services with cryptocurrencies in 2023. Google Cloud now accounts for 9% of Alphabet's revenue, up from less than 6% three years ago. Coinbase will move its data-related applications to Google from Amazon Web Services. Google is considering adding digital currencies to its balance sheets through Coinbase Prime.
πŸš€
Innovation & Launches

OpenSea launches NFT marketplace on Avalanche (2 minute read)

OpenSea has launched natively on Avalanche. Users on the Avalanche marketplace will be able to settle NFT transactions in under a second with low transaction fees. The marketplace launched with 10 featured Avalanche-based projects. Avalanche added OpenSea due to demand from its community and business partners.

New Metis Rollup Tech Addressees Ethereum Scalability for Businesses (3 minute read)

The MetisDAO Foundation has released Smart L2, an Optimistic rollup technology that addresses scalability for business. Optimistic rollups trust that transactions are valid. People watching the network have a week to challenge potentially fraudulent transactions. If a transaction is challenged, the rollup runs a fraud proof to verify the transaction. Metis’ new Smart L2 Optimistic Rollup makes it easier for validators and proofs to find, challenge, and approve transactions.
πŸ’‘
Guides & Resources

EIP 4337 (5 minute read)

One of the major shortcomings of Ethereum is its complicated user experience. EIP 4337 is a proposal for making the user experience better through account abstraction. Account abstraction lets people use Ethereum without knowing the underlying processes. This Twitter thread explains in detail how EIP 4337 brings account abstraction to Ethereum and the benefits that it will bring to users.

A list of 10 amazing GitHub repositories (3 minute read)

There are over 128 million repositories on GitHub. This Twitter thread presents a list of 10 repositories for web3 and blockchain developers. The repositories on the list contain resources, developer roadmaps, and example projects.
πŸ¦„
Miscellaneous

This startup is building a web3-friendly app store for developers (3 minute read)

Apple's 30% tax on developers has turned web3 startups against it. Major NFT marketplaces only allow users to browse listings through their apps to avoid the fee. Magic Square is building an app store that lets developers list projects vetted by a DAO. Instead of taking a tax on in-app purchases, the marketplace will take a 10% cut from developers' campaign budgets. 250,000 people have signed up to test Magic Square's upcoming beta.

β€˜No Central Points of Failure’: Sunny Aggarwal on ATOM 2.0, Mesh Networks and Cosmos’ Future (9 minute read)

Cosmos allows app developers to build custom chains and share network security. The recent release of ATOM 2.0 attempts to make ATOM similar to a reserve currency for the system. This article contains an interview with Cosmos developer and founder of Osmosis, Sunny Aggarwal. In the interview, Aggarwal discusses his views on the ATOM 2.0 announcement, Cosmos' value proposition, and political map memes.

Keep Up With Crypto in Just 5 Minutes

Kepp Up With Crypto in Just 5 Minutes

Cut through the noise with our daily newsletter, get links and summaries of the newest innovations, tools, and launches in the crypto ecosystem

Join 120,000 readers for one daily email
⚑
Quick Links

Are central banks going bankrupt? (6 minute read)

Central banks aren't going bankrupt, but they are currently facing some interesting issues.

DAOs are in era 3.0 thanks to an infrastructure renaissance (5 minute read)

There are over 4,000 active DAOs with treasuries totaling around $20 billion.

Vitalik Presented a Report on Hardening Ethereum Rollups using Multi Proofs (3 minute read)

The multi-prover approach uses multiple proofing systems to create a much more resilient network.

Lido Floods Layer 2s with Staked ETH After Launching Incentives Program (3 minute read)

wstETH liquidity providers were able to earn incentive-subsidized annualized rewards as high as 40% on Monday.

Slicing the Elephant: Inside the Design of a Digital Euro (3 minute read)

The European Central Bank has broken down the task of developing the Digital Euro into smaller decisions.

Keep Up With Crypto in Just 5 Minutes

Kepp Up With Crypto in Just 5 Minutes

Cut through the noise with our daily newsletter, get links and summaries of the newest innovations, tools, and launches in the crypto ecosystem

Join 120,000 readers for one daily email
Links
Sponsor
About
Contact
Privacy
Terms 
Disclaimer
TLDR Media, LLC
515 W 18th St. Unit 621
New York, NY, 10011
TLDR Media, LLC
515 W 18th St. Unit 621
New York, NY, 10011