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Token Daily for May 23


If our newsletter hasn't been hitting your inbox lately: it's not you - it's us. More accurately, it's our fund.

We've been busy raising for Token Daily Capital. And though we haven't gone public about this quite yet, we're letting you know first. We'll have more to share on this soon.



Recent pieces from Token Daily Research archive

🔸 Is the Future DEX? 
Musings on how Binance could capture meaningful marketshare, inherent platform risk, and solutions like Arwen which make "proof of reserves" a non-issue.

🔸 On the Value of Decentralized Querying
Three things to consider when trying to understand how querying may be different in the future:

- Proprietary APIs are rigid and costly to maintain
- The current model is inefficient
- Proprietary APIs result in data monopolies

🔸 ELI5: Ethereum 2.0
What it is and why it's taking so long.

🔸 On Bitcoin's Academic Lineage
One reason no-coiners or "anti-coiners" are skeptical of bitcoin is that they do not realize (or choose to ignore) that decades of research, work, and iteration were done before bitcoin came to be. Bitcoin may have been announced in 2008 but it has arguably been a work in progress since the 70s.

The novelty of bitcoin lay not in what tech it uses but in how that tech is used. Proof of Work has existed since 1992, timestamping (1970 if we count it as Unix time), Merkle trees (1979), and so on all existed independently long before bitcoin was created. The only thing unique about bitcoin was that Satoshi combined these techniques and data structures in a way that hadn't been done before. In our report, we walk through all the academic breakthroughs that made bitcoin possible.




We take for granted the fact that pretty much all websites start with https:// but back in the day, US government officials actually tried to criminalize https.

Encryption was federally classified as a weapon since its only use before the web had primarily been military in nature. One of the biggest reasons https survived (and is now required for websites) was because e-commerce sites needed https to protect customers. 




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