We Know Nodes.
Mainstream cryptocurrency adoption shows no sign of slowing down as retail and institutional interest continues to push the industry forward in recent weeks.
With the larger institutional players, such as Visa recently adding digital assets to its settlement platform, this means payments giants are now accepting direct payments from the USDC stablecoin. Mastercard has expressed similar interest in bringing crypto to its own network in 2021. From the legacy investment world, well established entities are now considering a foray into digital assets as a response to growing customer interest. Citigroup, one of the world’s largest currency trading bank, is now considering the trading, custody and financing of crypto assets. It is clear that increasing adoption will continue in the months to come.
With all this in mind, we’re excited to share company and product updates with you this month!
Company and Protocol Updates
Blockdaemon provides full end-to-end node management and support for Dogecoin, a popular cryptocurrency with a vibrant community. Dogecoin uses a simplified variant of the scrypt key derivation function as its proof of work with a target time of one minute per block and difficulty readjustment after every block. If you would like to participate with us on Dogecoin, contact us to launch a full node today!
Now available through our Marketplace is Ethereum Classic, a blockchain true to the original vision and mission of Ethereum. Ethereum Classic retains the philosophy of “Code is Law”, meaning all changes to the ledger are final and irreversible. This means that users are guaranteed that any amends to the ledger are final. If you would like to participate with us on Ethereum Classic, contact us to launch a full node today!
Codenamed Cobalt, the first major mainnet upgrade marks an important milestone for the Oasis Network, as it sets the foundation for unlocking the network’s full decentralized finance (DeFi) capabilities. This upgrade comes with a host of features including increased security and performance, as well as strengthened governance mechanisms and more decentralization. Read more on this update here and contact us if you are interested in running a validator!
The SKALE “Denali” Mainnet upgrade brings decentralized high performance and low costs to Ethereum. SKALE Network, the Ethereum native multichain network built to help Ethereum Dapps scale to more users with lower costs and better performance, announced the completion of the “Denali” mainnet upgrade for SKALE Network. This makes SKALE Network the only live, in production multichain network that works in a natively integrated manner with Ethereum.
As our CEO, Konstantin Richter, states, “It’s been incredibly exciting to run the SKALE Network and see it grow to 153 nodes and over $2 Billion in total value locked in just 6 months. As a validator, the Denali upgrade is particularly exciting as it brings sub ½ second blocktimes and it’s dapp specific multichain framework at a critical growth period for Ethereum. With its well thought security model and incentive arrangements, SKALE is really well positioned to power many of the top Dapps in the coming year.”
Read more on this update here and contact us if you are interested in running a validator or participating through staking on the network!
DeFi deep dive – the next frontier of blockchain applications
Decentralized Finance (DeFi) is a revolutionary frontier of the blockchain industry. It represents a sweeping wave of innovation that aims to offer highly liquid and interoperable financial services without any centralized intermediary. Yet for the very first time in human history, users are able to gain permissionless access to on-demand liquidity through DeFi applications while holding custody of their own assets.
In a recent blog post, we’ll look at the history of DeFi from its inception up until the present day, and the amazing potential that DeFi applications can offer going forward.
If you are passionate about the growing blockchain ecosystem, we are rapidly hiring with fully remote openings! We wanted to specifically call out our multiple openings as we are are looking for a highly motivated and driven team members across multiple departments! Apply today!
News & Events
The Block’s Director of Research Larry Cermak takes a look at the key factors driving DeFi adoption.
In this event we discuss:
- The current hype and interest surrounding DeFi as a use-case
- The early adopters who currently define the DeFi space
- Similar past paths of other historically emerging technologies
- How to consumerize a technology
- Building effective tools to attract DeFi retail users
- Implications of DeFi’s mass adoption for the wider financial technology sector
Bitcoin 2021 will move the biggest Bitcoin event in history to Miami on June 4–5. Bitcoin 2021 will feature a massive collection of the best and brightest minds in the space, dozens of one-of-a-kind BTC activities and the chance to celebrate the world’s best technology with all of your internet friends IRL. If you will be in attendance, let us know and we would love to chat!
Interesting Reading & Listening
- Bloomberg: Crypto Pros Are Getting Tired of $79 Billion Dogecoin Joke
- Bloomberg: Voyager Digital Partners With Blockdaemon to Provide Secure Node Infrastructure Facilitating More Interest Offerings to Voyager
- Forbes: How to Profit from Bitcoin and Other Crypto Assets Without Owning Them
- Cointelegraph: Deutsche Telekom invests in mobile DeFi platform Celo
- Blockdaemon Blog: Navigating The Importance of Reliable Blockchain Infrastructure
As always, get the latest on new releases and product updates: Check the Blockdaemon Blog, follow the discussion on Twitter and Linkedin, and feel free to reach out to us with any questions you have at [email protected].