Joey Hofmeister

Stablecoins: A deep dive into the foundation of the crypto ecosystem

Imagine a more open, connected, and interoperable financial system where money transfers and payments are cheap, secure, and almost instant. Everyone can be their own bank, borrowing and lending are built into autonomous protocols and not subject to the flaws of human error and extensive counterparty risk. Capital markets are completely global, diversified, and accessible,

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The problems with Smart Contracts

Smart Contract: “An automatically executed transaction protocol capable of controlling, documenting, and performing certain actions in accordance with the contract conditions.” A brief recap of Smart Contracts Unlike a conventional contract drawn up by a company, bank, or lawyer that is backed by some form of legal obligation, a smart contract requires none of these.

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The Lightning Network: enabling instant and cheap Bitcoin transactions

To understand the Bitcoin Lightning Network – commonly referred to as LN (Lightning Network) – you first need to understand what Bitcoin itself is. Everyone knows that Bitcoin is a so-called “cryptocurrency,” which essentially means decentralized digital money that’s cryptographically secured. This “decentralized” quality of Bitcoin is actually one of its finest qualities and why it has

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FedNow launch: is it a US CBDC?

FedNow is set to launch this summer and it hasn’t been without much controversy and concern about what a centralized government-controlled system will look like. What Even Is FedNow? FedNow is a new system built by the “Federal Reserve” to allow depository institutions – such as banks – to provide their customers access to instant payments. According

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