Decentralization has been one of the core concepts of blockchain. However, the crypto industry is still a long way away from achieving complete decentralization.
Although crypto has achieved decentralization on some level, it may have been relying partially on centralization as well. This is evident from the reliance crypto users have on the centralized exchanges.
DeFi has brought a renewed interest in decentralized exchanges, and if the recent data is anything to go by, then the decentralized exchanges are becoming a force to be reckoned with.
Decentralized exchanges offer users better control over their assets.
Moreover, decentralized exchanges are less prone to massive security breaches and loss of funds, similar to the recent security breach of the KuCoin exchange.
SelfKey has made an official statement regarding the hack.
SelfKey was always keen on endorsing the motto, “not your keys, not your crypto,” and we encourage our users to utilize a non-custodial and open-source wallet, such as the SelfKey Identity Wallet.
Last month we released a proposal document about a potential secondary governance token with staking and DeFi capabilities that will coexist with the KEY token.
Read the proposal document here.
We need your valued support and valued opinion on the token, hence do take part in the survey on the penultimate page of the proposal document.
We would like you to participate in this 3-minute survey that would help us get your feedback on the SelfKey Wallet.
Bitcoin invented a new asset as well as a new infrastructure. Often, we confuse the two roles it plays Read More...
We’re happy to announce that SelfKey will be partnering with Polkadot.
Yield Farming: The Crowd-Puller for DeFiYield farming has been a crowd-puller for DeFi. In this article, we try to explain what is yield farming, and its role in DeFi.
Quote of the Week - “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” - Benjamin Franklin
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Best Regards,
Sree from SelfKey
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