We’re excited to introduce you to Consensus Magazine.
Starting today, we’re rebranding Layer 2 by CoinDesk to align our flagship magazine more closely with our annual festival as we frame the conversation on the industry’s future. 🧵 coindesk.com/consensus-maga…
Each December since 2014, we've taken stock of the year to find the themes, stories and people that made an impact on crypto, blockchain and Web3.
Some of our influencers had an outsize impact this year, and more prominence on the list. Many of our influencers are bad actors (but influential nonetheless).
🏅 @VitalikButerin and @ethereum developers: For pulling off the most consequential upgrade in crypto history while keeping the network running.
🎨 by @FedericoSolmiNY
However you feel about our list, take a moment to admire the outstanding portraits we commissioned. For the fourth consecutive year, CoinDesk worked with artists to interpret the impact of our influencers.
@consensus2023 “When you're a validator on the proof-of-stake chain, it's still a one-way process. There's still not a way to get your funds back on the execution layer of Ethereum ... This is the main thing we're bringing in the next upgrade." — @TimBeiko #BUIDLWeektwitter.com/i/spaces/1OyKA…
“Roll ups need to store data on Ethereum, but storing data on Ethereum is actually much cheaper than running computations on it.” — @TimBeiko
“Of these 10,000 crypto tokens ... I believe that the vast majority are securities,” @SECGov Chair @GaryGensler told a U.S. Senate panel on Thursday, repeating a pro-oversight stance in the wake of @Ethereum’s transition to just such a method. coindesk.com/policy/2022/09…
Testimony got heated on Capitol Hill today.
@SECGov chair @GaryGensler says “there are many factors“ for crypto to qualify as a security.
“It’s not about the token being on a thousand computers, it’s like a group of developers in the middle.” coindesk.com/policy/2022/09…
Coding as 11 purportedly independent developers, a 20-something computer wiz from Texas created a vast web of interlocking DeFi protocols that projected billions of dollars of double-counted value onto the Saber ecosystem. bit.ly/3zZwbYO
.@simplyianm’s activity temporarily inflated the total value locked on Solana.
The ploy worked for a while. By his count, Saber and Sunny comprised $7.5 billion of Solana’s $10.5 billion TVL at their peak. bit.ly/3zZwbYO
DeFi attackers strike again — siphoning nearly $200 million from the cross-chain crypto bridge @nomadxyz_.
It's suspected that an update to one of the smart contracts that allow Nomad to send and receive tokens across different blockchains is to blame. bit.ly/3OMzxCw
Inter-blockchain communication is key to addressing scaling challenges, @davidzmorris wrote back in February. But bridges and other connections between blockchains present inherent security challenges. coindesk.com/layer2/2022/02…
If you want to move tokens from one blockchain to another, you’ll likely need a blockchain bridge to allow those assets to travel.