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Token Daily for Nov 2


TWEET OF THE DAY



"IDEX -  the I stands for Isn't."


- @anambroid. IDEX is finally implementing KYC/AML which is antithetical to the very nature of decentralized exchanges, one of the lasts outposts of privacy. 

Trading volumes on DEXs have been weak and trending down - we anticipate many teams will end up pivoting to new models or different products entirely.

As Neural Capital Ari Nazir's noted, "Leaders in brokerage businesses are scaling their brokerage businesses by listing more assets for trading to consumer and institutions while simultaneously building new business units (e.g. Coinbase Brokerage offering a Qualified Custodian product).

This trend forces these hybrid DEXs currently servicing consumers/small traders into a no-mans land. The US-based 'DEXes' are going to face substantial legal/compliance hurdles from regulatory bodies while facing business risk from centralized exchanges that are encroaching on the DEXs headstart (ie number of assets and low friction/high access)."


 
  

IN CASE YOU MISSED IT



🦇 Coinbase lists BAT Per usual, the coin listing's been received with mixed reviews. But the real issue here is why BAT was listed two days after Halloween -- a missed opportunity if you ask us.

For a complete list of today's trending articles, head on over here.


  

READS OF THE DAY



📖 The God Protocols Nick Szabo on "the ideal protocol...[that's] on everybody's side" and its limitations


Best insight:

"The only remaining "hard" problems in smart contract negotiations are (a) problems considered hard even with a trusted intermediary (for the standard economic reasons), and (b) the task of algorithmically specifying the negotiating rules and output contract terms (This includes cases where an intermediary adds knowledge unavailable to the participants, such as a lawyer giving advice on how to draft a contract). In practice, many problems which can be solved in principle with multiparty computation will re-arise when we implement protocols in an efficient, practical manner. The God Protocols give us a target to shoot for."



  
LAUNCHES & UPDATES 


🚀 Elph Highly scalable blockchain infrastructure for Ethereum. Elph is a decentralized network of scalable Plasma sidechains that achieve high transaction throughput on top of Ethereum.
 

      

THING TO KNOW


Shamir's Secret Sharing

An algorithm in cryptography where a secret is divided into parts, giving each participant its own unique part.
 

  
 



 

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