Hello and welcome to the third edition of the Trustless_Node newsletter. Here you will get a mix of everything that is happing in Crypto, the history of crypto to get you caught up, and an understanding of best practices and use cases for crypto.
Top News Stories
Keeping up to date with Ethereum staking (Distributed Validator Technology)
In the Ethereum ecosystem, staking is gaining popularity as a means of earning passive income. Distributed Validator Technology (DVT) is an innovative solution that aims to make staking more accessible, secure, and decentralized.
DVT is a network of independent validators, with each validator running an Ethereum node to validate transactions, secure the network, and earn rewards. The technology allows anyone to join the network as a validator, regardless of their technical skills or financial capacity. Participants can stake their ETH directly or through a DVT pool, which lowers the barrier to entry.
To further enhance security, DVT employs a multi-signature wallet system. This means that funds are held in multiple wallets, each controlled by different validators, reducing the risk of hacks and fraud. Additionally, DVT relies on a decentralized governance model, allowing the community to vote on network decisions and maintain transparency.
In summary, DVT is revolutionizing Ethereum staking by offering a more accessible, secure, and decentralized platform for users to stake their ETH and earn rewards while contributing to the security of the Ethereum network.
Ways you can personally fight for the crypto industry
As the cryptocurrency industry grows, it faces increased scrutiny and regulation from governments and regulatory bodies worldwide. It's essential for the crypto community to be proactive in advocating for the technology's benefits and ensuring fair regulations. Here are some ways to fight for crypto:
Educate yourself: Understand the fundamentals of blockchain technology, cryptocurrencies, and decentralized finance. Keep up-to-date with the latest developments and regulatory changes to effectively communicate the benefits and risks of crypto.
Engage with policymakers: Engage in conversations with regulators, lawmakers, and other stakeholders. Attend meetings, conferences, and hearings to express your views and promote informed decision-making.
Join advocacy groups: Collaborate with organizations dedicated to promoting crypto-friendly policies and protecting the rights of crypto users. Examples include the Blockchain Association, Coin Center, and the Chamber of Digital Commerce.
Support crypto-friendly politicians: Identify and support politicians who understand and advocate for the potential benefits of cryptocurrency and blockchain technology.
Raise awareness: Educate your friends, family, and colleagues about the potential of crypto, and encourage them to get involved. Use social media and other platforms to share information and resources.
Be a responsible user: Use cryptocurrencies and DeFi platforms responsibly and securely. Adhere to best practices, and promote transparency and accountability within the industry.
In closing, fighting for crypto requires a proactive approach that involves educating oneself, engaging with policymakers, joining advocacy groups, supporting crypto-friendly politicians, raising awareness, and being a responsible user of the technology.
EU passes crypto regulation. Learn about MiCA
The European Union (EU) has passed a landmark regulation for cryptocurrencies called the "Markets in Crypto Assets" (MiCA) framework. This comprehensive regulatory framework aims to bring clarity and legal certainty to the rapidly growing crypto industry in Europe.
MiCA's primary goals are to protect investors, prevent market manipulation, and ensure financial stability. The framework imposes strict transparency requirements on issuers of crypto assets and service providers. It also introduces a mandatory licensing regime for crypto-asset service providers, such as exchanges, wallet providers, and custodians.
The new legislation represents a significant step towards mainstream adoption of cryptocurrencies in Europe. By providing legal clarity and addressing the risks associated with the industry, the MiCA framework aims to foster innovation and enhance consumer confidence in crypto assets..
Apple's 30% tax mandate on iOS apps Is called into question
A US judge has ruled against Apple's requirement that developers use its in-app payment system for all purchases made within apps on the iOS platform, deeming it illegal. The decision comes as a result of a lawsuit filed by Epic Games, the creator of Fortnite, which alleged that Apple's 30% commission on in-app purchases was anticompetitive.
This ruling has significant implications for the crypto and non-fungible token (NFT) industries, as it opens up new opportunities for developers to integrate cryptocurrency payments and NFT sales directly within their iOS apps. Previously, Apple's strict guidelines on in-app purchases made it difficult for developers to offer these services without relying on Apple's payment system and sharing a percentage of their revenues.
Tools To Try Out
Valuable Reads
Education, History or Fun Facts
These graphs look interesting. Wonder if there is a correlation?
Accounts to follow
Sami Kassab | Resea//rch @MessariCrypto, decentralized physical infrastructure (DePIN), macro and geopolitics
Rocket Pool | Decentralised Ethereum Staking Protocol
Maker | Builders of Dai, a digital currency that can be used by anyone, anywhere, anytime.
Aave | We built Aave Protocol, an open source and non-custodial liquidity protocol.
DCinvestor | investor, advisor & fan of #crypto, #ethereum, #defi, #nft & #ai.
sassal.eth | Independent Ethereum educator, angel investor and advisor.
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