Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a little more than $40 billion over the last two years after peaking at $180 billion. Total value locked in DeFi as of Nov. 2022. Source: DefiLlama The elephant in the room? More than $10 billion was lost to hacks and exploits in 2021 alone. Feeding that elephant: Today’s smart contract programming languages fail to provide adequate features to create and manage assets — also known as “tokens.” For DeFi to become mainstream, programming languages must provide asset-oriented features to make DeFi smart contract development more secure and intuitive. Current DeFi programming languages have no concept of assets Solutions that could help reduce DeFi’s pe...
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Among the original founding fathers of Ethereum (ETH) is Gavin Wood, who joined a group led by Vitalik Buterin that set out to build Bitcoin’s competition. Wood is the computer scientist who wrote the first smart contracts for the Ethereum blockchain back in 2014. In an exclusive interview with Cointelegraph, Wood admitted that at the time, he just needed a job. [embedded content] A self-described “technologist at heart,” he knew coding was his calling and made the “obvious” switch from building LEGO bricks to writing blocks of code from an early age. He first discovered Bitcoin via The Silk Road, the online black market that ran from 2011 to 2013. The cryptocurrency originally “took his fancy” for being “a purely algorithmic mechanism...
That was quick. Within 24 hours of the launch of the Twitter nonfungible token, or NFT, profile pictures for iOS update, a github contributor called mcclure has coded up and shared a browser extension that automatically blocks Twitter accounts using an NFT profile picture. The program called NFTBlocker blocks paying subscribers of the Twitter Blue for iOS service who choose to display an NFT as their profile picture. The extension works with Chrome and Firefox on desktop and while an early prototype, “future versions of this plugin will scan your notifications and do the blocking automatically.” But why would someone code up such an extension? According to mcclure’s README, it’s because NFTs are an “investment scam.” They don’t mince their words: “In short, NFT users are just irritat...
Ever wondered what kind of music produces the most productivity? In search of the most popular music to code to, recruiting company KO2 conducted a study by analyzing various Spotify playlists curated specifically for coding before determining the most popular songs and artists amongst coders. Their study analyzed over 58,000 songs, with The Weeknd‘s “Blinding Lights” coming out on top. Second place was a tie between Hans Zimmer‘s “Day One” and [bds.u]’s “French Inhale, followed by Idealism’s “Both of Us,” Daft Punk‘s “Solar Sailer,” and two additional tracks by Zimmer: “Cornfield Chase” and “Time.” Daft Punk, the legendary electronic music duo who abruptly split in February 2021 aft...