Crypto Ecosystem Flashcards
Bitcoin Ordinals
NFTs on Bitcoin Blockchain
Protocol launched in Jan 2023
Allows inscribing of digital content like art onto the Bitcoin blockchain
Level Finance
Decentralized exchange Level Finance has experienced a security breach allowing an attacker to steal more than $1 million of the exchange’s native Level Finance (LVL) token.
- Leveraged trading BTC, ETH, ARB
- Arbitrum & BNB Chain
sUSD
synthetix USD
Price tracking through Chainlink
CCIP
Cross-chain interoperability protocol
by Chainlink
Enables DeFi applications to access users and interface with other DeFi applications across different blockchains, all from a single interface
Platform Risk (DeFi argument)
Centralized systems pose more platform risk than decentralized ones.
E.g. Building a company on a centralized API. What if it suddenly stops? If it’s a single point of failure, this could be devastating. Decentralized systems protect from that. Lego primitives.
Su Zhu
Co-founder & CEO of 3AC
Binance Founder
CZ, Changpeng Zhao
When did Curve launch?
January 2020
Trust minimized off-chain computations
Provided by oracle networks
Trust minimization sensitive DeFi user base
Wording by Sergey Nazarov
The unique defining property of products in the blockchain industry
Trust minimization
The verifiable web
Being able to verify that your funds are there or that an insurance contract will inevitably pay you
Sergey Nazarov
Co-founder of Chainlink
Pacman (Tieshun Roquerre)
Founder Blur NFT marketplace and Blast Ethereum L2
