"Ethereum" TAG

Contextualizing the STABLE Act
  • research
In the summer of 2019, Mark Zuckerberg testified before the U.S. House of Representatives, facing nearly-unanimous and atypically bipartisan criticism from legislators related to Facebook’s leading role in the development of the Libra stablecoin. The Libra network and digital asset—whose credentials as a blockchain and cryptoasset, respectively, have been perhaps appropriately criticized—were intended to facilitate...
On Centralization and Business Development in the NFT Entertainment Space.
  • research
As the blockchain sector debates the potential migration of DeFi applications from Ethereum to other networks, similar considerations are being made about NFT-based entertainment applications. While Ethereum remains the smart contract platform with the highest level of NFT-related activity, there exist genuine concerns regarding its ability to scale in order to accommodate a growing userbase....
On Flow and the Trajectory of Distributed Gaming.
  • research
In recent months, the Smith + Crown team has taken a close look at blockchain-based entertainment, with a particular emphasis on digital collectible-centric blockchain games and the non-fungible token models underlying them. Though arising from a desire to understand the trajectory and conceptualize future instantiations of distributed gaming, our research thus far has nonetheless produced...
Avalanche Foundation of Ava Labs Raises $42 Million Dollars
  • research
Avalanche is an open-source platform that supports interoperable blockchain, custom blockchain development, non-fungible tokens, and the creation and trading of ‘smart’ digital assets (assets that are a digital representation of real-life items which can be governed by rules). Some key characteristics of Avalanche include the fact that it has high transactional throughput, low transactional finality, and has a...
Examining the Relationship Between Ethereum Usage and the Value of Ether
  • research
Despite stablecoins and decentralized finance (DeFi) continuing to drive demand for gas consumption on Ethereum, and the smart contract network seeing higher usage than ever before, the price of Ether has remained largely range-bound in recent months both versus USD and BTC, raising important questions concerning the relationship between the network and its native asset...
The Security and User Experience Implications of EIP-1559
  • research
Many within the Ethereum community have long been concerned about poor user experience (UX) associated with first-price auctions and a parasitic relationship between some tokens, dApps, and services and the Ethereum base layer. Currently, users engage in first-price auctions to broadcast transactions on-chain, making it challenging for users and wallets to determine the optimal gas price, and...
Examining the Significance of Reddit’s New Community Points Program
  • research
Last month, the social network platform Reddit announced its new ‘Community Points’ program, aiming to leverage cryptoeconomics for community engagement. The points are represented by ERC20 tokens and can be used to reward user contributions on particular subreddits, a type of Reddit sub-forum dedicated to specific topics. According to the announcement, users will be able to...
Considering the Emergent Use Cases of Stablecoins
  • research
With the growing issuance and use of stablecoins, there has been increased attention within the industry on the exact application that such tokens are finding. Smith + Crown has previously commented on the use of Tether (USDT), USD Coin (USDC), and Dai (DAI). In this weekend’s dispatch, we turn to Ethereum-based Tether (USDT) specifically, as well...
Blockchain Code as Antitrust
  • research
Vitalik Buterin and Thibault Schrepel’s recent collaboration discussing the potential for decentralized blockchain solutions to contribute to mainstream antitrust objectives represents a useful and optimistic effort to extol the virtues of decentralized blockchains to wider, non-expert audiences. While the brief article raises some arguments that many will find novel, and does introduce arguments worthy of more extended...
Examining Base Layer Security and Token Value
  • research
In an earlier dispatch, we referenced Chris Burniske and Placeholder’s work on quantifying smart contract demand via the aggregate amount of fees paid to validators or miners. While illuminating in its own right, it led our research team to consider the long-term resilience of such a fee market on Ethereum and how this relates to a...
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