Cryptocurrency adoption may be hitting an inflection point in the United States. In recent days PayPal launched buy support for BTC and ETH to all U.S. users and a newly elected U.S. Senator is a major champion of BTC as a store of value.
Adoption is likely to accelerate as trust in large institutions wanes and forward-thinking companies and people within large institutions continue to support the industry. And the great thing about 2020 compared to 2017 is that there's now many interesting use cases beyond pure speculation.
Required reading this week
Why Proof of Stake (Nov 2020) — vitalik.ca
Vitalik Buterin puts proof of stake and proof of work side by side, and look at how much it costs to attack a network per $1 per day in block rewards.
eth2 v1.0 spec release — blog.ethereum.org
After years of research and development, the Eth2 mainnet deposit contract has been released and Phase 0 will launch on December 1 once enough ETH has been staked.
Unscripted with @jrichlive ft. Nick Tomaino — www.youtube.com
Nick Tomaino joins Jeff Richards (Managing Partner, GGV Capital) for an unscripted and conversation.
So you want to use a price oracle — samczsun.com
Sam Sun explains everything you need to know about price oracles and how to use them safely.
A Tale of Two Pricing Schemes — medium.com
Micah Zoltu details the current user experience problems with paying for gas and how EIP-1559 fixes that.
1confirmation portfolio reading this week
Notional Brings Fixed Rates to Ethereum — medium.com
Backed by 1confirmation and others, Notional launched its protocol that lets DeFi users lend and borrow crypto at fixed rates.
Election Bets Drive Fee Spike at Predictions Platform Polymarket — www.coindesk.com Amid the election excitement, decentralized predictions site Polymarket has become the fourth-highest blockchain project by fees generated.
MakerDAO's DAI Stablecoin Breaks $1B Market Cap — www.coindesk.com MakerDAO's dai (DAI) stablecoin broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer.
The Secret Weapon F2Pool Used to Tackle Its Uncle Rate — medium.com
F2Pool and bloXroute reduced the F2Pool mining pool uncle rate by over 50% through integration with bloXroute’s Blockchain Distribution Network (BDN).
On-chain metric to watch
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