Decentralization
BNB Smart Chain Resumes Operations After Major Exploit, $100M in Crypto Drained
Initial token movements suggested that up to 2 million BSC tokens, worth roughly $570 million at the time, were targeted by an attacker late Thursday, but Binance CEO Changpeng Zhao estimated in a tweet the attacker was only able to get away with $100 million of that. BNB Chain also tweeted that $7 million of that amount was already frozen. "The Hash" discusses the implications of cross-chain security and decentralization, and what this suggests about the future of the crypto ecosystem.
Binance CEO: 'I Do Have a Bank Account but I Don’t Use It'
Binance CEO Changpeng "CZ" Zhao discusses whether regulations on centralized exchanges will affect the ethos of decentralization. Plus, a fun fact about his own bank account.
Joe Lubin on How Much ETH He and ConsenSys Controls on Ethereum
Ethereum co-founder Joe Lubin says he and ConsenSys have never controlled more than half a percent of the total supply of ethereum. Plus, he responds to concerns of staked ETH centralization, given that third-party staking providers control a majority of the staked ETH supply.
New Research Reveals Insights Into Bitcoin’s Formative Years
A new academic paper claims that Bitcoin in its first two years was more centralized and fragile than has been widely thought. “The Hash” team discusses their key takeaways from the study and why it likely has little relevance to the current Bitcoin network.
Solana Labs CEO on OpenSea, Wormhole Exploit, Decentralization
Solana Labs CEO & Founder Anatoly Yakovenko discusses the network’s rapid growth and use case for NFTs, noting OpenSea’s recent decision to feature SOL assets. Plus, Yakovenko explains how the protocol addressed the Wormhole exploit and ambitions for increased decentralization.
