5 Reasons for Crypto to Be Thankful

Layer 2, NFT creativity, Taproot, and more
Other layer 2 advances this past year lie in decentralized finance, or DeFi. Protocols like Polygon and Arbitrum are using tools such as zero-knowledge rollups and Plasma to increase throughput of transactions on Ethereum and other smart contract layer 1 chains, while also creating more opportunities for cross-chain interoperability. These advances are vital if DeFi is to truly challenge the traditional finance model for the global economy. 

 

Continue reading this column here. 

 

–Michael J. Casey

A message from BlockBank

BlockBank has officially launched its all-in-one AI-powered super application, combining the best of DeFi and CeFi to streamline users' access to fiat and crypto financial services.

 

Key functionalities of the V2 application include:

  • Cutting-edge AI technology 
  • Debit cards
  • Custodial and non-custodial wallets
  • In-app swaps (using Uniswap and Pancakeswap) 
  • Tiered staking program (earn up to 20% APY!)

Download the application on Google Play or the Apple App Store and visit https://blockbank.ai/ for more information. 

Relevant Reads

Iranian Students and Bitcoin City Dreams

Here is recommended reading from CoinDesk editors this week:

 

ConsenSys Suddenly Bars Iranian Students From Ethereum Coding Class

"You are located in a country that we are prohibited from providing goods or services to under U.S. law," the firm's ConsenSys Academy told the 50 students. Anna Baydakova reports. 

The 'Bitcoin City' Fantasy

How might El Salvador's new low-tax, net-zero startup municipality play out? Dan Kuhn, CoinDesk's deputy opinion editor, is asking. 

 

El Salvador: Who Needs the IMF When You Have Bitcoin?

The IMF is a brutal bully constantly declaring its virtue. It's about time someone pushed back, CoinDesk columnist David Z. Morris says. 

 

Ethereum's Fees Are Too Damn High

The most used smart contract blockchain is practically unusable, says media reporter Will Gottsegen. 

 

Salvadoran Ambassador to US: Bitcoin Challenges Your Authority

Other countries will "follow our leadership" on bitcoin, Milena Mayorga tells CoinDesk TV.

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