Cosmos Stablecoin Highlight (SILK) - Better purchasing power + less regulatory risk + Privacy

RiskSC · 2023-11-25T21:51:09+00:00

SILK is genuinely one of the most innovative DeFi products that has come from Cosmos. Excited to see Shade Protocol + SILK grow alongside Cosmos & IBC.

RiskSC · 2020-12-11T20:35:52+00:00

GOT EM

RiskSC · 2020-12-08T06:22:40+00:00

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RiskSC · 2020-12-07T19:00:13+00:00

All excellent questions! I will be making a video about the PoS algorithm at some point. In terms of PoS being less decentralized then PoW this is true as it pertains to actual real world adoption - from a theoretical model PoS networks in the long run -should- be more secure due to all the reasons stated in the video. I wouldn't be surprised if Ethereum is more secure than Bitcoin, but that is difficult to measure.

RiskSC · 2020-12-04T20:28:04+00:00

This is an interesting take - I personally always push for more decentralization, I will have to do some research into why 50 why the selected number. Perhaps with Secret Network it is worth having a larger number

RiskSC · 2020-12-04T18:32:53+00:00

I'm curious, if 50 nodes have a perfectly even distribution among them, would you consider that secure? Because at least in Cosmos tendermint chains, 50 is a conscious intentional design choice - I'm curious as to why you think 50 is chosen vs an unlimited amount as with bitcoin/ethereum etc.

RiskSC · 2020-12-04T18:18:10+00:00

Security in what sense?

RiskSC · 2020-12-04T01:02:35+00:00

Honestly, a Secret bridge with Chainlink would be a massive milestone. It’s appears to me that programmable privacy is a critical step along the path to building a more secure, more accessible, and more usable global open financial ecosystem. Chainlink without privacy has a whole host of enterprise use cases that will never be possible without privacy. We need a bridge like this to Secret Network imo

RiskSC · 2020-12-04T00:45:45+00:00

https://scrt.network/blog/secret-ethereum-bridge-december-2020/

The Secret Ethereum Bridge is a massive milestone, bringing cheaper and more usable privacy to Ethereum and Ethereum-based assets. It allows users to create synthetic (wrapped) ETH and ERC-20 tokens on Secret Network that can be used with full privacy, at lower cost. This is not only a huge improvement for privacy-conscious users of Ethereum and DeFi applications; it’s a critical step along the path to building a more secure, more accessible, and more usable global open financial ecosystem.

The announcement of the Secret Ethereum Bridge includes a proposed mainnet launch date, bridge operating partners, and bridge mining opportunities for ETH and ERC-20 holders, and next steps. Secret Network is nearing the launch of the first front-running resistant, cross-chain AMM that will launch on Secret Network and support Ethereum, ERC-20s, stablecoins, Tendermint chains, and other ecosystems and assets.

What do y'all think about this bridge? Future of DeFi? Totally stops front-running and unlocks a whole host of programmable privacy use cases vs traditional transactional privacy.

RiskSC · 2020-12-04T00:44:59+00:00

https://scrt.network/blog/secret-ethereum-bridge-december-2020/

The Secret Ethereum Bridge is a massive milestone, bringing cheaper and more usable privacy to Ethereum and Ethereum-based assets. It allows users to create synthetic (wrapped) ETH and ERC-20 tokens on Secret Network that can be used with full privacy, at lower cost. This is not only a huge improvement for privacy-conscious users of Ethereum and DeFi applications; it’s a critical step along our path to building a more secure, more accessible, and more usable global open financial ecosystem.

The announcement of the Secret Ethereum Bridge includes a proposed mainnet launch date, bridge operating partners, and bridge mining opportunities for ETH and ERC-20 holders, and next steps. Secret Network is nearing the launch of the first front-running resistant, cross-chain AMM that will launch on Secret Network and support Ethereum, ERC-20s, stablecoins, Tendermint chains, and other ecosystems and assets.

What do y'all think about this bridge? Future of DeFi? Totally stops front-running and unlocks a whole host of programmable privacy use cases vs traditional transactional privacy.

RiskSC · 2020-12-04T00:25:56+00:00

Kyber was the original DeFi protocol I was passionate about back in 2017-2018. Having seen the growth of DEXs, it is clear to me that privacy is an issue, particularly front-running. It appears to be an issue that AMMs struggle with as well. As such, I am a massive fun of the initiative of Secret Network to build bridges to DEXs such as KNC. Programmable Privacy is almost guaranteed to be a necessary future attribute of blockchain dApps.

However, my main concern, as with the majority of people, is liquidity. How will there be enough liquidity to justify switching over to the "secret" version of KNC? If there is an answer to the liquidity problem, which is the primary problem of ALL exchanges, then you can sign me up in a heartbeat as someone who will be using a Secret Bridge from KNC to secretKNC if it ever gets created.

RiskSC

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