💵 Unstable Coin Top-20 exchange Digifinex is replacing Tether with a rival stablecoin, TrustToken's TrueUSD. Earlier this month, TrueUSD published an Attestation of TrueUSD Funds detailing the balance of escrow holdings. The decision to replace Tether is part of a larger, industry-wide trend away from Tether which will likely continue as more stablecoins enter the market.
For a complete listof today's trending articles, head on over here.
READS OF THE DAY
📖PoW is efficient Dan Held dispels myths around bitcoin's energy usage and compares PoW's energy costs relative to today's governance systems in his latest post.
📖What's a Sparse Merkle Tree? Kevin Fitcher comprehensively breaks down what a sparse Merkle tree is, and why Ethereum researchers are looking into sparse Merkle trees as a replacement for the Merkle Patricia trees currently used to store Ethereum state.
THOUGHT OF THE DAY
Opinions and observations from our readers. Have a thought you'd like to share? Reply directly to today's issue, and we'll review your submission.
"Open source protocols and platforms can easily be forked, but it isn’t easy to recreate a developer community. Hackathons are a valuable way of gaining developer interest and bringing people from around the world together to share ideas. In the crypto space, it’s important to follow where the developers are going, and I’ve been excited to see this through the lens of the Ethereum community."
For a round up of Linda's key takeaways and top projects from ETHGlobal events over the past year, read the TD exclusive here.
QUESTION OF THE DAY
"What investing advice would you give [someone in their early 20s]?" - Sam
Arianna Simpson's advice over here. (And if you haven't read her TD article on False Precision in investing, we highly recommend it).
LAUNCHES OF THE DAY
🚀 Metal Pay: Metal Pay has officially launched its P2P payments app that rewards users in their native token, Metal.
⚡️ LND v0.5 beta includes Neutrino light client support to enable lightweight end-user apps, improved user privacy, and more. Congrats to the Lightning Labs team on this major milestone.
THING TO KNOW
A measure of inequality of a distribution. A Gini coefficient of 0 corresponds to precise equality whereas a Gini coefficient of 1 corresponds to a state of total inequality.