The Distributed Team

Input<\/th>	SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td>	334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td>	ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n What Is A Seed Phrase?<\/h2>\n\n\n\n A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\n A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\n A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\n A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Applications For Digital Signatures<\/h2>\n\n\n\n Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\n A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n $\"\"$ How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n Applications For Digital Signatures<\/h2>\n\n\n\n Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n $\"\"$ How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n Applications For Digital Signatures<\/h2>\n\n\n\n Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Users are able to send messages to each other, verifying the legitimacy of the message using their private key. This is done by using your private key in a signing algorithm, which users can use your public key to verify that it came from your private key. <\/p>\n\n\n\n Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n $\"\"$ How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n Applications For Digital Signatures<\/h2>\n\n\n\n Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Digital signatures work through public-key cryptography<\/a>, namely public and private keys. The public key represents your public details and the private key represents your private details.<\/p>\n\n\n\n Users are able to send messages to each other, verifying the legitimacy of the message using their private key. This is done by using your private key in a signing algorithm, which users can use your public key to verify that it came from your private key. <\/p>\n\n\n\n Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n $\"\"$ How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n Applications For Digital Signatures<\/h2>\n\n\n\n Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n How Do Digital Signatures Work?<\/h2>\n\n\n\n Digital signatures work through public-key cryptography<\/a>, namely public and private keys. The public key represents your public details and the private key represents your private details.<\/p>\n\n\n\n Users are able to send messages to each other, verifying the legitimacy of the message using their private key. This is done by using your private key in a signing algorithm, which users can use your public key to verify that it came from your private key. <\/p>\n\n\n\n Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n $\"\"$ How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n Applications For Digital Signatures<\/h2>\n\n\n\n Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Digital signatures verify the authenticity of a message, document, or transaction through cryptographic encryption. A valid digital signature gives the receiver a strong conviction that the message is authentic and wasn't altered along its path, as it is bound to a person or entity. This binding can also be further verified using blockchain technology. <\/p>\n\n\n\n How Do Digital Signatures Work?<\/h2>\n\n\n\n Digital signatures work through public-key cryptography<\/a>, namely public and private keys. The public key represents your public details and the private key represents your private details.<\/p>\n\n\n\n Users are able to send messages to each other, verifying the legitimacy of the message using their private key. This is done by using your private key in a signing algorithm, which users can use your public key to verify that it came from your private key. <\/p>\n\n\n\n Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n $\"\"$ How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n Applications For Digital Signatures<\/h2>\n\n\n\n Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n What Are Digital Signatures?<\/h2>\n\n\n\n Digital signatures verify the authenticity of a message, document, or transaction through cryptographic encryption. A valid digital signature gives the receiver a strong conviction that the message is authentic and wasn't altered along its path, as it is bound to a person or entity. This binding can also be further verified using blockchain technology. <\/p>\n\n\n\n How Do Digital Signatures Work?<\/h2>\n\n\n\n Digital signatures work through public-key cryptography<\/a>, namely public and private keys. The public key represents your public details and the private key represents your private details.<\/p>\n\n\n\n Users are able to send messages to each other, verifying the legitimacy of the message using their private key. This is done by using your private key in a signing algorithm, which users can use your public key to verify that it came from your private key. <\/p>\n\n\n\n Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n $\"\"$ How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n Applications For Digital Signatures<\/h2>\n\n\n\n Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n How To Protect Your Seed Phrase<\/h2>\n\n\n\n The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n $\"How$ How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n Input<\/th> SHA-256 Output<\/th><\/tr><\/thead> Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr> hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table> SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n Cryptographic Hashing Applications<\/h2>\n\n\n\n Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n What Is A Cryptographic Key?<\/h2>\n\n\n\n A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n What Is A Public Key?<\/h2>\n\n\n\n A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n Types Of EIPs<\/h2>\n\n\n\n A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n $\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n <\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n How Do ERCs Work?<\/h2>\n\n\n\n ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n What Is A Crypto Airdrop?<\/h2>\n\n\n\n A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n How Do Crypto Airdrops Work?<\/h2>\n\n\n\n Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n Are Airdrops Taxable?<\/h2>\n\n\n\n Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n What Are NFT Airdrops?<\/h2>\n\n\n\n NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n *See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Previous 1 … 19 20 21 22 23 … 41 Next* Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT The Distributed Team The Technology Digital Signatures What Are Digital Signatures? Digital signatures verify the authenticity of a message, document, or transaction through cryptographic encryption. A valid ... by The Distributed Team August 2, 2022 The Technology Seed Phrase What Is A Seed Phrase? A seed phrase or recovery phrase is a set of 12, 18, or 24 random ... by The Distributed Team August 1, 2022 The Technology Cryptographic Hash Function What Is A Cryptographic Hash Function? A cryptographic hash function takes any sized inputs and outputs a fixed length, called ... by The Distributed Team July 31, 2022 The Technology Trapdoor Function What Is A Trapdoor Function? In cryptography, a trapdoor function is one that can easily be computed in one direction ... by The Distributed Team July 31, 2022 The Technology Cryptographic Keys What Is A Cryptographic Key? A cryptographic key is a string of numbers and letters used to alter a message ... by The Distributed Team July 30, 2022 The Technology Ethereum Improvement Proposal (EIP) What Is an Ethereum Improvement Proposal (EIP)? Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to ... by The Distributed Team July 25, 2022 The Technology Ethereum Request For Comments (ERC) What Is Ethereum Request For Comments (ERC)? An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing ... by The Distributed Team July 25, 2022 The Coins Crypto Airdrops What Is A Crypto Airdrop? A cryptocurrency airdrop is a free distribution of tokens to a wallet to raise awareness, ... by The Distributed Team July 21, 2022 Business CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, ... by The Distributed Team July 20, 2022 Regulation Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated ... by The Distributed Team July 18, 2022 Previous 1 … 19 20 21 22 23 … 41 Next Most Read The Technology Digital Signatures August 2, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT About The Distributed Terms Contact Privacy Editorial Careers RSS Feed © 2023 The Distributed No Result View All Result Cryptocurrencies Adoption Altcoins Bitcoin Blockchain Business Decentralized Finance Ethereum Hacks Crypto Markets NFTs Regulation Scams Stablecoins Finance Banking Central Banks Financial Markets Technology Artificial Intelligence Cyber Security Metaverse Web3 Learn The Coins The Future The Innovations The Technology Tools Cryptocurrency Market Stock Market Economic Calendar Research Reviews Exchanges Wallets Headlines About Us Contact Us © 2023 The Distributed This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

No Result

View All Result

No Result

View All Result

No Result

View All Result

These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Although the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\n
Although the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\n
Although the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\n
Although the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\n
Although the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\n
Although the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\n
Although the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\n
Although the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$
EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$
EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
EIP Process<\/h2>\n\n\n\n
The draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\n
The draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\n
The draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Is A Trapdoor Function?<\/h2>\n\n\n\n
In cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\n
In cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\n
In cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\n
In cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Is A Seed Phrase?<\/h2>\n\n\n\n
A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\n
A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\n
A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n
Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\n
A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Applications For Digital Signatures<\/h2>\n\n\n\n
Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n
Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\n
A seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$
How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n
Applications For Digital Signatures<\/h2>\n\n\n\n
Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n
Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n
$\"\"$
How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n
Applications For Digital Signatures<\/h2>\n\n\n\n
Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n
Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Users are able to send messages to each other, verifying the legitimacy of the message using their private key. This is done by using your private key in a signing algorithm, which users can use your public key to verify that it came from your private key. <\/p>\n\n\n\n
Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n
$\"\"$
How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n
Applications For Digital Signatures<\/h2>\n\n\n\n
Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n
Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Digital signatures work through public-key cryptography<\/a>, namely public and private keys. The public key represents your public details and the private key represents your private details.<\/p>\n\n\n\n
Users are able to send messages to each other, verifying the legitimacy of the message using their private key. This is done by using your private key in a signing algorithm, which users can use your public key to verify that it came from your private key. <\/p>\n\n\n\n
Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n
$\"\"$
How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n
Applications For Digital Signatures<\/h2>\n\n\n\n
Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n
Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
How Do Digital Signatures Work?<\/h2>\n\n\n\n
Digital signatures work through public-key cryptography<\/a>, namely public and private keys. The public key represents your public details and the private key represents your private details.<\/p>\n\n\n\n
Users are able to send messages to each other, verifying the legitimacy of the message using their private key. This is done by using your private key in a signing algorithm, which users can use your public key to verify that it came from your private key. <\/p>\n\n\n\n
Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n
$\"\"$
How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n
Applications For Digital Signatures<\/h2>\n\n\n\n
Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n
Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Digital signatures verify the authenticity of a message, document, or transaction through cryptographic encryption. A valid digital signature gives the receiver a strong conviction that the message is authentic and wasn't altered along its path, as it is bound to a person or entity. This binding can also be further verified using blockchain technology. <\/p>\n\n\n\n
How Do Digital Signatures Work?<\/h2>\n\n\n\n
Digital signatures work through public-key cryptography<\/a>, namely public and private keys. The public key represents your public details and the private key represents your private details.<\/p>\n\n\n\n
Users are able to send messages to each other, verifying the legitimacy of the message using their private key. This is done by using your private key in a signing algorithm, which users can use your public key to verify that it came from your private key. <\/p>\n\n\n\n
Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n
$\"\"$
How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n
Applications For Digital Signatures<\/h2>\n\n\n\n
Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n
Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Are Digital Signatures?<\/h2>\n\n\n\n
Digital signatures verify the authenticity of a message, document, or transaction through cryptographic encryption. A valid digital signature gives the receiver a strong conviction that the message is authentic and wasn't altered along its path, as it is bound to a person or entity. This binding can also be further verified using blockchain technology. <\/p>\n\n\n\n
How Do Digital Signatures Work?<\/h2>\n\n\n\n
Digital signatures work through public-key cryptography<\/a>, namely public and private keys. The public key represents your public details and the private key represents your private details.<\/p>\n\n\n\n
Users are able to send messages to each other, verifying the legitimacy of the message using their private key. This is done by using your private key in a signing algorithm, which users can use your public key to verify that it came from your private key. <\/p>\n\n\n\n
Messages being sent between users are hashed<\/a> which ensures that it cannot be read and the pre\/post hash can be compared to see if there were any changes in the message. <\/p>\n\n\n\n
$\"\"$
How Does Digital Signature Work?((Tutorials Point - Model Of Digital Signature<\/a>))<\/figcaption><\/figure>\n\n\n\n
Applications For Digital Signatures<\/h2>\n\n\n\n
Message Authentication<\/strong> is the key application for digital signatures as it allows the reciever to verify if a message was received from who it was sent by.<\/p>\n\n\n\n
Data Integrity<\/strong> means that if a message was intercepted by bad players, then the hash being verified won't equate to the hash from the signer, this quickly deduces the legitimacy of the message.<\/p>\n\n\n\n
Non-repudiation<\/strong> is the inability to refute responsibility. Verifiable digital signatures mean that one cannot deny the signing of a certain document - making for stronger legal cases and problem-solving.<\/p>\n","post_title":"Digital Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"digital-signatures","to_ping":"","pinged":"","post_modified":"2022-08-02 22:50:12","post_modified_gmt":"2022-08-02 12:50:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6387","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6371,"post_author":"1","post_date":"2022-08-01 22:01:09","post_date_gmt":"2022-08-01 12:01:09","post_content":"\n
What Is A Seed Phrase?<\/h2>\n\n\n\nA seed phrase or recovery phrase is a set of 12, 18, or 24 random words at the core of a wallet's private key<\/a> generation and is the only backup for your private key.((Ledger - How To Protect Your Seed Phrase?<\/a>)) Seed phrases are generated by most reputable wallets at the time of their creation and are not cryptocurrency specific.((Binance - Seed Phrase<\/a>))<\/p>\n\n\n\n
Having access to a seed phrase allows a user to import the funds from a wallet onto a new device in case of emergencies such as losing your wallet, or corruption of a computer. Therefore, they must stay 100% private - never being shared with anyone or organization.<\/p>\n\n\n\n
Seed phrases are words taken from the English language such as \"fox\", \"river\", and \"human\". The reason behind them is to eliminate human error, as words are easier to write down than a long private key and leaves less room for error within the words. <\/p>\n\n\n\n
Seed phrases act as the master key to your wallet, granting access to everything inside of it including generation and access to your keys, while private keys allow you to transfer funds from inside the wallet.<\/p>\n\n\n\n
Using the most common standard to generate seed phrases (BIP39), they're generated from 2048 random English words.((Bitcoin Wiki - Seed Phrase<\/a>)) The BIP39 standard carefully draws these words out so that the first four letters of each word are enough to identify it.((Bitcoin Wiki - Seed Phrase<\/a>))<\/p>\n\n\n\n
How To Protect Your Seed Phrase<\/h2>\n\n\n\n
The most common way to store a seed phrase is pen and paper, although this isn't too durable. Although you should have more than one backup, some other ways to store it include engraving it into a metal capsule<\/a> or storing it in a steel case<\/a>. <\/p>\n\n\n\n
Storing your seed phrase on a computer or online isn't recommended as there is a lot of room for error. Neither is memorizing your phrase or storing half your words in one location and the other half in another.<\/p>\n","post_title":"Seed Phrase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"seed-phrase","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-08-01 22:07:29","post_modified_gmt":"2022-08-01 12:07:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6356,"post_author":"1","post_date":"2022-07-31 23:20:27","post_date_gmt":"2022-07-31 13:20:27","post_content":"\n
What Is A Cryptographic Hash Function?<\/h2>\n\n\n\n
A cryptographic hash function takes any sized inputs and outputs a fixed length, called the hash value, using mathematics to do so. <\/p>\n\n\n\n
Compared to traditional hash functions, cryptographic hash functions have a wide array of security properties to better secure and encrypt the data being hashed.<\/p>\n\n\n\n
How Does Cryptographic Hashing Work?<\/h2>\n\n\n\n
Hash functions are one-way, this means you can hash any input and receive the output, but cannot use the output to retrieve the input.<\/p>\n\n\n\n
Cryptographic hashing functions work by running the input through a secure algorithm and dividing the input into fixed block sizes (depending on the algorithm used). Then these blocks are lumped together with the next block and so on until the whole message is hashed, where you get your output.<\/p>\n\n\n\n
$\"How$
How Cryptographic Hash Functions Work<\/figcaption><\/figure>\n\n\n\n
Cryptographic hash functions are deterministic, the same message will always equate to the same hash. This means that every possible combination of words and numbers can be compressed into a single fixed-length hash.<\/p>\n\n\n\n
The most common hash function is SHA-256<\/a> (Secure Hashing Algorithm) below is an example of how two messages change entirely, based on one small detail.<\/p>\n\n\n\n
Input<\/th> SHA-256 Output<\/th><\/tr><\/thead>
Hello!<\/td> 334d016f755cd6dc58c53a86e183882f8ec14f52fb05345887c8a5edd42c87b7<\/td><\/tr>
hello!<\/td> ce06092fb948d9ffac7d1a376e404b26b7575bcc11ee05a4615fef4fec3a308b<\/td><\/tr><\/tbody><\/table>
SHA256 Hash Function<\/a><\/figcaption><\/figure>\n\n\n\n
Cryptographic Hashing Applications<\/h2>\n\n\n\n
Digital Signature<\/a><\/strong> verification and generation use a cryptographic hash over the message. This ensures the message came from where it was meant to come from and wasn't intercepted along the way.<\/p>\n\n\n\n
Cryptographic Proofs<\/strong> such as proof-of-work use partial hashes to prove that work (transaction verification) has been completed in return for a reward. Validators need to perform immense amounts of work to find the valid message to confirm a block into the chain, but recipients can verify the validity of this message through a single hash function.<\/p>\n\n\n\n
Password Verification<\/strong> is an important use of hashing. Storing passwords in cleartext along with the user can prove very dangerous in cases of network breaches. Passwords are generally stored within the network, although hashed.<\/p>\n\n\n\n
Verifying Messages And Files<\/strong> for their integrity by comparing the hashed message before and after being sent to see if there were any changes in the hash output.<\/p>\n","post_title":"Cryptographic Hash Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-hash-function","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/sha-256\/","post_modified":"2022-08-02 22:50:29","post_modified_gmt":"2022-08-02 12:50:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6356","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6353,"post_author":"1","post_date":"2022-07-31 11:59:16","post_date_gmt":"2022-07-31 01:59:16","post_content":"\n
What Is A Trapdoor Function?<\/h2>\n\n\n\nIn cryptography, a trapdoor function is one that can easily be computed in one direction but the inverse is very difficult to perform. These functions can use a secret to efficiently perform the inverse calculation. Trapdoor functions are one-way functions widely used in public-key cryptography<\/a>. <\/p>\n\n\n\n
Trapdoor functions and one-way functions are used interchangeably, all trapdoor functions are one-way functions, but not all one-way functions are trapdoor functions. They differ from one-way functions because of the secret they can use to inverse the computation. In our case, this is the private key that is linked with a public key. <\/p>\n\n\n\n
The name trapdoor function is an analogy as falling through a trapdoor into a pit is easy, although climbing out can prove challenging - unless you have a ladder.<\/p>\n","post_title":"Trapdoor Function","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trapdoor-function","to_ping":"","pinged":"","post_modified":"2022-07-31 11:59:25","post_modified_gmt":"2022-07-31 01:59:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6353","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6316,"post_author":"1","post_date":"2022-07-30 17:42:53","post_date_gmt":"2022-07-30 07:42:53","post_content":"\n
What Is A Cryptographic Key?<\/h2>\n\n\n\n
A cryptographic key is a string of numbers and letters used to alter a message into\/out of a cipher through an algorithm. Public-key cryptography (PKC) uses a pair of public keys and private keys, getting its name because it can either lock or unlock the data being encrypted like a key.<\/p>\n\n\n\n
Cryptography is secured by mathematical functions, the difficulty of the problem determines how strong your protection is. PKC uses trapdoor functions<\/a>, which are easy to solve in one direction, and near impossible to reverse the function.<\/p>\n\n\n\n
What Is A Public Key?<\/h2>\n\n\n\n
A public key is what allows you to receive cryptocurrencies. Anyone can see and send cryptocurrencies to your public address, but to access the coins inside, the private key linked to the public key is needed. When created, it is extremely long, therefore it is hashed<\/a> to compress the key into what is called a public address.<\/p>\n\n\n\n
The public address is similar to a bank account allowing peers<\/a> to send and receive cryptocurrencies, but only those with the key to the house can access the coins.<\/p>\n\n\n\n
What Is A Private Key\/Secret Key?<\/h2>\n\n\n\n
A private key is the password of a wallet, when combined with the public key it grants access to the coins inside of a wallet and what happens to them. Therefore private keys are extremely long numbers being stored off-chain, within the wallet that they unlock. <\/p>\n\n\n\n
At the creation of a wallet, the private key creates the public key using the aforementioned trapdoor function. If you happen to lose access to your own wallet, there is nothing no one can do to help you. Your private key should never be shared with anyone and should be kept offline on something like paper.<\/p>\n\n\n\n
Private keys come in various forms such as 256-bit<\/a> codes, 64-digit hexadecimal codes, mnemonic\/seed phrases<\/a>, and QR codes.<\/p>\n","post_title":"Cryptographic Keys","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptographic-keys","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/peer-to-peer-p2p\/\nhttps:\/\/www.thedistributed.co\/sha-256\/\nhttps:\/\/www.thedistributed.co\/trapdoor-function\/","post_modified":"2022-08-01 22:03:13","post_modified_gmt":"2022-08-01 12:03:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6291,"post_author":"1","post_date":"2022-07-25 22:39:05","post_date_gmt":"2022-07-25 12:39:05","post_content":"\n
What Is an Ethereum Improvement Proposal (EIP)?<\/h2>\n\n\n\n
Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to the network. <\/p>\n\n\n\n
EIPs can be submitted by any member of the Ethereum community and the author is responsible for building consensus<\/a> and adapting the proposal based on community opinions and feedback.((EIP-1: EIP Purpose and Guidelines - What Is An EIP?<\/a>)) There are heavy requirements needed to submit EIPs, so naturally a majority are derived from developers. The proposals aim to aid in the continual improvement of Ethereum.<\/p>\n\n\n\n
Types Of EIPs<\/h2>\n\n\n\n
A Standards Track <\/strong>EIP describes changes that affect a majority of Ethereum implementations, like protocol<\/a> changes and standards. The following four EIPs are a part of the standards track.((EIP-1: EIP Purpose and Guidelines - EIP Types<\/a>))<\/p>\n\n\n\n
Core<\/strong> improvements are those which require a consensus fork, or are related to core development.<\/p>\n\n\n\n
Networking<\/strong> proposals improve upon the protocol specifications of the network.<\/p>\n\n\n\n
Interface<\/strong> proposals define improvements to client standards and specifications, such as API\/RPC.<\/p>\n\n\n\n
ERC<\/a><\/strong> refers to application level standards\/conventions, such as contracts<\/a>, tokens<\/a>, and name registries.<\/p>\n\n\n\n
Meta <\/strong>EIPs process changes similar to the standard track, although these are outside of the Ethereum protocol.<\/p>\n\n\n\n
Informational<\/strong> proposals provide a guideline, or outline design issues to the Ethereum community without proposing a new feature. These can be ignored by, or taken up by the community with no need to follow the advice issued.<\/p>\n\n\n\n
EIP Process<\/h2>\n\n\n\nThe draft<\/strong> is the first tracked stage within the EIP repository<\/a> after its formatting. It is then requested for peer review<\/strong> by the author. The last call<\/strong> is the final review window before moving to the final stage, the last call forks out all necessary changes needed. The final<\/strong> represents the final stage of an EIP, where the only changes made are correcting errors and clarifications.<\/p>\n\n\n\n
Stagnant<\/strong> defines EIPs from drafts to the last call which has been inactive for more than 6 months, living<\/strong> represents EIPs that never reach a stage of finality due to constant updates, and withdrawn<\/strong> defines EIPs withdrawn by the author\/s.<\/p>\n\n\n\n
$\"\"$ EIP-1: EIP Purpose and Guidelines\u00a0<\/a><\/figcaption><\/figure>\n\n\n\n
<\/a><\/p>\n","post_title":"Ethereum Improvement Proposal (EIP)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-improvement-proposal-eip","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/consensus-mechanisms\/\nhttps:\/\/www.thedistributed.co\/ethereum-request-for-comments\/","post_modified":"2022-07-26 21:09:32","post_modified_gmt":"2022-07-26 11:09:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6291","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6282,"post_author":"1","post_date":"2022-07-25 21:12:37","post_date_gmt":"2022-07-25 11:12:37","post_content":"\n
What Is Ethereum Request For Comments (ERC)?<\/h2>\n\n\n\n
An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing smart contracts<\/a> and\/or tokens<\/a> within the Ethereum ecosystem.<\/p>\n\n\n\n
ERCs propose improvements to the existing protocol and standards within the network.<\/p>\n\n\n\n
How Do ERCs Work?<\/h2>\n\n\n\n
ERCs are first submitted through an Ethereum Improvement Proposal<\/a> (EIP). These proposals are submitted for review by the community, where comments can be made on the proposal and improved upon it prior to being approved as an official standard by the Ethereum Committee.<\/p>\n\n\n\n
The most used ERC standards include the ERC-20<\/a> token standard and ERC-721<\/a> non-fungible token standard.<\/p>\n","post_title":"Ethereum Request For Comments (ERC)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ethereum-request-for-comments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/erc-20\/","post_modified":"2022-07-25 22:44:13","post_modified_gmt":"2022-07-25 12:44:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6097,"post_author":"1","post_date":"2022-07-21 21:42:39","post_date_gmt":"2022-07-21 11:42:39","post_content":"\n
What Is A Crypto Airdrop?<\/h2>\n\n\n\n
A cryptocurrency airdrop is a free distribution of tokens<\/a> to a wallet to raise awareness, supply, and liquidity<\/a> for a project.<\/p>\n\n\n\n
Small portions of the circulating supply are \"airdropped\" to various wallets. These can be random, although usually requiring the completion of a small task such as following an account, retweeting, signing up to an email list, etc. This markets the project even further.<\/p>\n\n\n\n
How Do Crypto Airdrops Work?<\/h2>\n\n\n\n
Standard Airdrop<\/strong>s require you to create an account of sorts or sign up to a mailing list. In turn, you will receive an email eventually describing further steps on possibly receiving the tokens.<\/p>\n\n\n\n
Bounty Airdrops<\/strong> will require users to complete a task\/s, such as a promotion or interaction of sorts. <\/p>\n\n\n\n
Holder Airdrops<\/strong> require users to have above a certain amount of a token, the tokens are distributed in ratio to your holding size. A snapshot of the blockchain ledger is typically taken prior to the announcement to prevent users from buying the token solely in the hopes of receiving the airdrop.<\/p>\n\n\n\n
Exclusive Airdrops<\/strong> are distributed to members, subscribers, followers, etc. of a certain project. There are typically terms you must comply with to be eligible and they will usually be following the same process of taking a snapshot prior to the announcement.<\/p>\n\n\n\n
Are Crypto Airdrops Safe?<\/h2>\n\n\n\nAlthough the first cryptocurrency airdrop occurred in 2014 with Auracoin((Airdrop Alert - The Very First Crypto Airdrop In Blockchain History<\/a>)), they have only been widely adopted within the last few years. This means they have been a target for hackers and fraudsters to do their thing. Data and private key theft through fraudulent pages and links, dusting scams, and referral scams run rampant in the cryptocurrency world - and through airdrops.<\/p>\n\n\n\n
Some developers will also airdrop tokens in the hopes to pump a token before they sell it on for a large profit. Legitimate airdrops will never ask for a prior investment into the project.<\/p>\n\n\n\n
Despite this airdrops are relatively safe, although due diligence is a must. Check the legitimate sites, never click any questionable links, and never hand out your private keys.<\/p>\n\n\n\n
Are Airdrops Taxable?<\/h2>\n\n\n\n
Airdrops are generally taxed as income, based upon your personal tax bracket.((CoinLedger - Airdrop Taxes 101<\/a>)) Although this is dependent on what country and state you live in. An airdrop should be taxed at the market value of the token at the time of receiving the airdrop.<\/p>\n\n\n\n
What Are NFT Airdrops?<\/h2>\n\n\n\n
NFT airdrops work in the exact same way as cryptocurrencies do, just with a non-fungible token<\/a> instead. This expands the scope of airdrops, while still promoting and building hype around a certain project.<\/p>\n","post_title":"Crypto Airdrops","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-airdrops","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2022-07-25 01:26:11","post_modified_gmt":"2022-07-24 15:26:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6097","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6234,"post_author":"1","post_date":"2022-07-20 21:42:15","post_date_gmt":"2022-07-20 11:42:15","post_content":"\n
CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, Organismo Agenti e Mediatori (OAM).<\/p>\n\n\n\n
In an announcement<\/a> from CryptoCom, CEO and Co-Founder Kris Marszalek states that \u201cWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com.\u201d This allows the distribution of products and services within Italy that comply with local regulations.<\/li><\/ul>\n\n\n\n
Coinbase announced<\/a> that its application was approved by the OAM on July 18th. Coinbase V.P. of International and Business Development Nana Murugesan believes that \"gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators.\"<\/li><\/ul>\n\n\n\n
Italy is the third largest market in the European Union behind Germany and France and it has become a target to expand to for various service providers including Binance which received regulatory approval to offer services<\/a> in early June.<\/li><\/ul>\n\n\n\n
This announcement comes after an impressive marketing campaign from CryptoCom within the last few months including becoming the main sponsor of the World Cup<\/a> and a $700M deal to rename<\/a> the Staples Center to the CryptoCom Arena. Coinbase has been working hard behind the scenes, with this announcement coinciding with its plans to expand further into European markets<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-and-coinbase-expand-european-presence-with-regulatory-approval-in-italy","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/\nhttps:\/\/www.thedistributed.co\/crypto-com-is-the-main-sponsor-of-the-2022-world-cup\/","post_modified":"2022-07-21 21:11:31","post_modified_gmt":"2022-07-21 11:11:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6201,"post_author":"1","post_date":"2022-07-18 22:30:37","post_date_gmt":"2022-07-18 12:30:37","post_content":"\n
At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated tokens<\/a> could be a better alternative to Central Bank Digital Currencies <\/a>(CBDCs).<\/p>\n\n\n\n
The G20 event includes various financial officials from around the world and the Hong Kong Monetary Authority Chief spoke alongside Lowe stating that regulating privately issued tokens is essential in addressing risks imposed by decentralized finance<\/a> (DeFi) protocols.<\/li><\/ul>\n\n\n\n
Lowe believes that \"the private solution is going to be better - if we can get the regulatory arrangements right - because the private sector is better than the central bank at innovating and designing features for these tokens, and there are also likely to be very significant costs for the central bank setting up a digital token system.\"<\/li><\/ul>\n\n\n\n
Lowe and the fellow attendants agree that there is a lot of work needed to create a regulatory system strong enough for these tokens, as they are the gateway to DeFi projects - those of which may provide essential technologies worth keeping an eye on for future innovations believes Eddie Yue, the CEO of the Hong Kong Monetary Authority.<\/li><\/ul>\n\n\n\n
These tokens include stablecoins<\/a> which work directly against CBDCs and banks alike. Stablecoins work natively within a DeFi protocol and are generally pegged 1:1 with fiat currency, although after the collapse of TerraUSD<\/a> stablecoins have come under strong scrutiny - this is where the call for stronger regulations comes in.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australian-central-bank-believes-privately-issued-tokens-have-benefits-over-cbdcs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2022-07-19 17:59:33","post_modified_gmt":"2022-07-19 07:59:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

The Distributed Team

The Technology

Digital Signatures

What Are Digital Signatures? Digital signatures verify the authenticity of a message, document, or transaction through cryptographic encryption. A valid ...

by The Distributed Team
August 2, 2022

The Technology

Seed Phrase

What Is A Seed Phrase? A seed phrase or recovery phrase is a set of 12, 18, or 24 random ...

by The Distributed Team
August 1, 2022

The Technology

Cryptographic Hash Function

What Is A Cryptographic Hash Function? A cryptographic hash function takes any sized inputs and outputs a fixed length, called ...

by The Distributed Team
July 31, 2022

The Technology

Trapdoor Function

What Is A Trapdoor Function? In cryptography, a trapdoor function is one that can easily be computed in one direction ...

by The Distributed Team
July 31, 2022

The Technology

Cryptographic Keys

What Is A Cryptographic Key? A cryptographic key is a string of numbers and letters used to alter a message ...

by The Distributed Team
July 30, 2022

The Technology

Ethereum Improvement Proposal (EIP)

What Is an Ethereum Improvement Proposal (EIP)? Ethereum Improvement Proposals (EIPs) are documents that propose new features, and changes to ...

by The Distributed Team
July 25, 2022

The Technology

Ethereum Request For Comments (ERC)

What Is Ethereum Request For Comments (ERC)? An Ethereum Request For Comments (ERC) is a rule-defining, technical standard for implementing ...

by The Distributed Team
July 25, 2022

The Coins

Crypto Airdrops

What Is A Crypto Airdrop? A cryptocurrency airdrop is a free distribution of tokens to a wallet to raise awareness, ...

by The Distributed Team
July 21, 2022

Business

CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy

CryptoCom and Coinbase have received the green light to offer their services and products from the regulatory presence in Italy, ...

by The Distributed Team
July 20, 2022

Regulation

Australian Central Bank Believes Privately Issued Tokens Have Benefits Over CBDCs

At a recent event called G20, the governor of the Australian Central Bank Phillip Lowe stated that privately issued, regulated ...

by The Distributed Team
July 18, 2022

Previous 1 … 19 20 21 22 23 … 41 Next

Most Read

The Technology

Digital Signatures

August 2, 2022

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

About The Distributed

Terms

Contact

Privacy

Editorial

Careers

RSS Feed

© 2023 The Distributed

No Result

View All Result

Cryptocurrencies

Adoption

Altcoins

Bitcoin

Blockchain

Business

Decentralized Finance

Ethereum

Hacks

Crypto Markets

NFTs

Regulation

Scams

Stablecoins

Finance

Banking

Central Banks

Financial Markets

Technology

Artificial Intelligence

Cyber Security

Metaverse

Web3

Learn

The Coins

The Future

The Innovations

The Technology

Tools

Cryptocurrency Market

Stock Market

Economic Calendar

Research

Reviews

Exchanges

Wallets

Headlines

About Us

Contact Us

© 2023 The Distributed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.