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Jul 18 • 2 tweets • 1 min read
Coinbase offers free Coinbase-managed Web3 usernames to its users built on top of the ENS infrastructure
Details: help.coinbase.com/en/wallet/mana…

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More from @Blockworks_

Blockworks Profile picture
Jul 14
Multicoin Capital has secured $430M to invest in crypto startups

These are 9 areas they're investing on 🧵
0/ Context:

After ~5 years of investing, Multicoin is increasing its attention on investments that are poised to reshape massive consumer-facing markets.
1/ Proof of Physical Work

Cryptoprotocols created incentive structures that allowed anyone to contribute to a set of shared objectives.

This will extend end to the physical world with protocols incentivizing people to do verifiable work that builds real-world infrastructure.
Read 11 tweets
Blockworks Profile picture
Jul 8
The Ethereum Merge

Answers to frequently asked questions 🧵
What is the Ethereum Merge?

The Ethereum Merge is a multi-year event designed to upgrade the blockchain from a proof-of-work to a proof-of-stake consensus mechanism.
How does proof-of-stake help Ethereum?

Proof-of-stake (PoS) helps Ethereum reduce its energy usage to that of a small town. It is the critical next step toward global scalability.
Read 16 tweets
Blockworks Profile picture
Jul 7
Aave proposed a decentralized, collateral-backed stablecoin dubbed "GHO".

Summary by @BlockworksRes's @swmartin19
The total stablecoin market cap is at $153B and has seen its dominance rise to levels never seen before.

There is no doubting product-market fit when it comes to stablecoins.
Initially, GHO will be minted by @AaveAave borrowers who supply collateral at a specific collateralization ratio.

When a user repays an outstanding GHO loan, or is liquidated, the GHO protocol will burn that user's GHO, thus removing it from the circulating supply.
Read 11 tweets
Blockworks Profile picture
Jul 6
How ENS is making crypto more accessible 🧵
Crypto addresses are long strings of numbers and letters designed to be read by computers. These long addresses have led to confusion and even loss of funds.
The ENS is a distributed technology based on the Ethereum blockchain that provides an elegant solution to long and confusing crypto addresses: one URL, just like a website name or email, that represents a crypto address.
Read 12 tweets
Blockworks Profile picture
Jul 5
The future of the browser 🧵

Right now, Web 3 wallets like MetaMask plug into DeFi applications.

In the future, they’ll plug into every website in the world.
2/ Websites are broken.

Your personal data, credit cards, address, birthday, email, passwords, and more are stored on hundreds of private databases.

This creates a honeypot for hackers.
3/ Soon we'll use a stablecoin like USDC through a Web 3 wallet like MetaMask to make e-commerce purchases.

This is far more efficient and secure than creating new accounts on every website.

NFTs will make it interesting...
Read 9 tweets
Blockworks Profile picture
Jun 7
JUST IN: Long-awaited crypto bill has been released

Highlights 👇
- Defines the terrain between crypto securities and commodities.

- Most cryptos would be considered commodities such as #Bitcoin and Ethereum.

- CFTC would be crypto's watchdog.
- CFTC would have authority over the spot markets in crypto commodities.

- It gives legal clarity on how to handle customer holdings.

- Clarifies the meaning of a crypto broker.
Read 5 tweets

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