Week through Adrian's Lenses (9-15 March 2024)

This is the #62nd edition of the "Week through Adrian's Lenses" weekly Hive and crypto news roundup.

Let's see what we have for this week.

Week on Hive

I focused on a few major Hive news this week, to not overshadow them among many others.

13 of 38 tracked posts made it to this week's issue of the "Week on Hive" roundup.

In the Spotlight

Major INLEO News: wLEO to be Listed on Maya Protocol Dex, CUB/POLICUB Proposal, and Much More

There is a series of recent developments regarding INLEO that were released on rapid-fire. One of them is the simplification of the login/signup pages. Another is the creation of an in-house image protocol (much better than having external links to Imgur, with images that weren't even rendered correctly on all front ends and situations).

But these were not the huge reveals.

I'll start with the big announcement of wLEO being listed on the Maya Protocol Dex, which is a friendly fork of Thorchain. At first, I was a bit disappointed that it wouldn't be a direct listing on Thorchain. But we have to be realistic and realize that wasn't going to happen.

LEO probably got the best deal that could have happened. A direct link to native Bitcoin, Ethereum, USDC, or USDT (and others) from Hive and the other way around, via LEO. An indirect link to everything offered on Thorchain, once an aggregator is built on Maya for that. Soon to have streaming swaps on Maya too (the possibility to break a larger swap into smaller ones into a given timeframe and at a fraction of transaction costs).

The second big announcement Khal dropped in the AMA and later in a separate post is a plan to re-assimilate CUB and POLYCUB investors into LEO.

Putting the plan into action is subsequent to a favorable LEO stake-weighted vote on a poll (the first of its kind, so another premiere).

I no longer have any investments on the two platforms, other than some locked up vexPOLYCUB, so when I heard about additional LEO inflation (single-digit percentage) I wasn't very enthusiastic. But at the same time, I understand the need for something like this to happen and the constant pressure from people still holding assets over there. Anyway, I voted to approve it.

Marketing / Awareness / Branding

Hive Dapps on X Spaces

Many major Hive Dapps were present and talked on an X Space "powered by Hive". The account hosting the Space together with @crimsonclad has 44k followers on X and their announcement of the Space has 3.5k views. The retweet of the announcement by @hiveblocks has 2k views (at 39k followers).

Hive Tech Conference

The Hive Tech Conference in Ghana came and is already gone. The one-day event gathered 800 participants, even if the hall wasn't full. But in a way, it's better to have empty chairs than to have more people willing to join than you can accommodate. Here are some details.

CTT Podcast Now in a Studio and the First Live Interview

It's great to see the CTT guys in a professionally looking setup for their new podcast format. Not sure if they'll keep it all the time, but for now, as long as Matt and Dan are in the same location they can share the place. In the future, I suppose they can join remotely. It all depends on Matt's internet connection, I suppose, in the part of the world where he might travel to.

They had a guest in the same room the week before, and this week they interviewed @lordbuterfly about VIBES (mainly). Speaking about VIBES, these are the winners of week 3 of the contest.

Governance / Development / Dapps

SPK Network Testnet Is Here! First Two-Week Sprint.

The SPK Network testnet is live and planned in sprints of two weeks. We are about halfway through the first sprint now, which started on March 9th.

Rewards can be won for participating in testing the SPK Network!

Multisig Support Was Added to the Official Keychain Apps

After being tested in beta for some time, if I remember correctly, the multisig feature for Hive transactions was pushed to both official production mobile Keychain apps for Android and iOS. Read more!

Another Podcast Host Starts Using Podping

The biggest podcast host so far, Spreaker, started using Podping, the service using Hive as a database which was created by @brianoflondon.

Games

Invennium's Arcade Colony Pack Sale, LP Rewards, and More

Arcade Colony launched its website this week. On the updated website, we can see our fork rewards based on GLX and GLUSD holdings which had a snapshot at the end of February and also transfer them to Hive-Engine.

SCRIPT tokens (if you received any, or if you buy from Hive-Engine) can also be used to participate in the sale of Alpha Centauri packs. The first 50k of them represent the presale, the rest are the general sale. They are still in the presale.

Various diesel pools were created for tokens of the Arcade Colony platform on Hive-Engine and COLONY rewards have been assigned to them. Here's the breakdown from discord:

Meetings / Events / Communities

Cash Out HIVE to Fiat Cheaply

@ura-soul described a method to cash out HIVE to fiat that is quite cheap and involves a MEXC account and a Revolut account linked to a bank account or a card.

Week in the Crypto World

Ethereum Dencun Upgrade Was Rolled Out This Week

It is poised to reduce fees on L2 chains linked to Ethereum, through the introduction of blobs, big chunks of compressed data (multiple transactions put together) that are stored offchain for a limited time (3 weeks) after which they become inaccessible (deleted/written over?).

From the examples we have so far, it looks like Dencun served its purpose to lower fees on L2s that implemented this upgrade.

Without looking into the topic very deeply, it looks like blob storage assures the illusion of L1 Ethereum security for L2 chains, for transactions to be consulted and potentially reversed in the short term. The question is if blobs aren't stored onchain, who stores them? Unless there is another reason for these blobs on Ethereum than security for L2s, how is it better on centralized servers where they will likely be stored? I understand the scalability reason and the desire to make Ethereum less data-intensive. In the end, everything is a tradeoff.

Anyway, I am not involved with Ethereum, so good luck to them and the L2s.

Plot Gets More Complicated in Nigerian Government vs. Binance

Heavy accusations started to fly around of price manipulation of the naira (devaluing it), and two senior Binance employees were detained. The Nigerian government raises the bar and wants a list of the Top 100 users (I assume from Nigeria) and access to transaction records. Check this out! I wonder if Binance was really doing shady things in Nigeria or if their government thinks they can pull another US SEC stunt on Binance and extort them of some money. I wouldn't dismiss either variant.

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Posted Using InLeo Alpha

Posted Using InLeo Alpha