[1/π§΅] A brief #thread on how to properly download and verify your newest #IOTA#Firefly Windows version. π
[2/10] You might be wondering why @iota doesn't allow you to download & upgrade the version via the client.
To be honest, this would definitely improve usability (#UX), but it would also need the user to trust the DL content.
That is precisely what we do not want with #crypto.
[3/10] Who knows whether the network path from #github to your PC wasn't intercepted and a man in the middle (#MITM) replaced your downloaded program with a slightly different one.
To ensure that the program you are installing is the one meant for you, verify the #hashes. π
[4/10] Before we get into the technicalities, let me demonstrate & prove to you that altering just a small portion of whatever you're hashing results in an entirely different hash
1β£ β A notepad file beginning with the letter "a"
2β£ β A notepad file beginning with the letter "b"
[5/10] The same is true for any other program, including the #firefly desktop wallet.
So, to be absolutely certain that nothing has changed, we must manually (I know, it's a pain) compare the #hash that we produced ourselves to the one that was given to the public.
The next step is to compare the #SHA256 hash we generated with the one the @iota Foundation published on #github to determine whether or not our download was tampered with.
[1/π§΅] The bullrun seems to be just around the corner, and everyone is teasing us with yield and XRPFi protocols. π§
Regardless of whether you decide to hold or sell...
Let's take a look at "Lending" and check if it's worth it. π
[2/14] β 1β£ Money Markets β
Before we do just that, let's quickly clarify a specific word first.
Behind the terms "Lending" and "Borrowing" actually hides another term that you will see from time to time:
πΈ Money Markets
[3/14] β 2β£ Money Markets β
Besides AMMs, lending is currently the most important pillar for on-chain DeFi, as it removes the middleman in the pooling, management, and lending of funds.
The goal? π€¨
Positive yield or in other words, interest on the liquidity you provide.
[1/π§΅] A MASSIVE attack on the JavaScript ecosystem is currently underway. βΉοΈ
Since JavaScript is at the heart of what we use every day to browse the internet, you MUST be extra vigilant.
Let's take a look at a possible solution for the XRP ecosystem. ππ§΅
[2/13] β 1β£ First things first β
Although the entire JavaScript ecosystem is at risk, the malware appears to be targeting only a few blockchain ecosystems, based on the addresses it uses to steal funds:
βΌοΈ At risk π
[3/13] β 2β£ First things first β
The reason this is such a big deal is because of the sheer volume of weekly downloads of the maliciously patched packages.
[1/π§΅] You've probably heard about new yield opportunities with XRP that promise a return of around 20% APY. π§
How much truth is there to this, and what happens if you actually connect to @moremarketsxyz and deposit funds? π
[2/14] β 1β£ First things first β
π I want you to repeat after me:
"I will not deposit all my XRP into completely new DeFi protocols right after their launch, no matter the yield"
[3/14] β 2β£ First things first β
When you join any DeFi protocol, start with very small amounts (e.g., 1 XRP) to get a feel for how things work, and try to regularly withdraw everything to test whether you can realize your profits with the protocol or not. π
[1/π§΅] What's still upcoming and in the pipeline for the XRP Ledger? π§
My attempt to summarize what the brilliant @aanchalmalhotre "casually" laid out in a 25-minute talk at XRPL Apex this year. π
[2/15] β 1β£ Key-Challenges β
Privacy and compliance are at odds with each other, and balance is key.
A lot of what the TradFi world is used to and expects still doesn't exist or is purposefully different in blockchains, like transparent transactions or low confidentiality.
[3/15] β 2β£ Key-Challenges β
Institutions also expect their on-chain operations, aka transactions, to be highly customizable and controllable because of factors like internal risk management.
π They expect the XRPL to be programmable for their dedicated policies.
With all these new integrations and partnerships, I bet you are pretty much overwhelmed by all the alien-like jargon. π€¨
A little vocabulary crash course ahead π
[2/20] β 1β£ Overview β
What just happened today is nothing less than the complete onboarding of the XRPL to the vast and entire web3 blockchain ecosystem (+ Bridging protocols and available liquidity).
π All via the XRPLEVM sidechain, Axelar and @squidrouter.
[3/20] β 2β£ Overview β
What does this mean in practice? π§
πΈ New tokens on the XRPL DEX (bridged by @axelar)
πΈ Literal (and easy) any-to-any swaps (via Squid)
πΈ Liquidity from the entire web3 ecosystem (via CORAL)
πΈ Bridged XRP accessible on 80+ chains (through XRPLEVM)
USDB β Braza Group
πΈ Expected to be MiCA regulated in 2025
πΈ Fully backed by $-denominated assets
πΈ Reserves held by Braza Bank Banco de CΓ’mbio S.A.
πΈ A bank licensed and regulated by the Brazilian Central Bank