Blocknative has uncovered evidence that the MakerDAO liquidations on March 12 and 13 were an engineered event. This evidence is derived from the mempool, the pre-chain area miners use to create blocks. The mempool is an often overlooked – and commonly under-appreciated – aspect of the Ethereum ecosystem.
Earlier this year, we asked When One Billion ETH Transactions? And as part of our focus on transaction growth, we began digging into the global stablecoin market — which is now sustaining >$1 billion per day in transaction value.
To better understand the growth of the global stablecoin market, we leveraged data from Coin Metrics to create a new report:
What would coin collecting look like in the digital world?
Given his background in NFTs (non-fungible tokens), Jesse wanted to explore the idea of NFTs with intrinsic value. This eventually led to the creation of Bullionix — a decentralized gold mint where anyone can use Digix gold tokens to create NFTs. EachNFT minted on Bullionix has a specific weight of gold staked to it. Bullionix is the first crypto project to combine scarce NFTs with digital gold.
We want to wish the entire community well during the COVID-19 pandemic. While things are turbulent right now, we wanted to share a new post that dives deep into the mempool so that you can dig into an important part of the Web3 ecosystem.
Blockchains are transaction machines. But on-chain data represents value-at-rest — confirmed transactions. While pre-chain, or mempool, data explores value-in motion — transactions in flight.
To date, the industry has largely focused on value-at-rest. This is an important piece of the Web3 puzzle. But for any transaction to be included in a block, it must move through the mempool. And unlike the blockchain — which acts as a definitive record — the mempool is chaotic, fragmented, and often unpredictable.
In the course of building infrastructure to monitor the mempool, we've learned a lot about how it works. And at ETHDenver 2020 Matt Cutler, Blocknative's CEO and co-founder, shared some important lessons in his talk Mastering the Mempool:
DeFi is a blockchain term that refers to decentralized finance, and the ethos of the term refers to the creation of an open financial system that doesn’t rely on authorities or intermediaries. Today most DeFi activity is on the Ethereum network and ranges from digital assets to financial smart contracts to protocols.
With DeFi, developers can program applications that can store, lend, borrow, or otherwise manage digital assets. These applications often come to life in the form of smart contracts or protocols — which can be leveraged by other developers to build on.
Today we will explore this emerging world that seeks to reinvent the financial system.
Nodes act as a gateway to the Ethereum network. Before a miner can include your transaction in a block, a node must first accept it. And understanding how nodes accept transactions can unlock insights into how Ethereum works.
Our goal with this Mastering the Mempool series is to help you understand this crucial — but often under-explored — element of Web3. We suggest starting with our first post in the series, where we cover many of the core concepts of the mempool.
In this post, we explore how transactions enter the Ethereum mempool.
The mempool is the gateway to the blockchain. Before anything can be written on a block, it must first move through the mempool. And this important piece of Web3 is often overlooked.
Since the mempool dictates how every transaction gets written to and confirmed on-chain, understanding the mempool can help you understand what is happening with your in-flight transactions and unlock deep insights into how blockchains work.
In the course of building infrastructure to monitor the mempool, we've learned a lot about how it works. We want to share our insights about this fascinating part of the Ethereum ecosystem. To start, let’s introduce what the mempool is and why it matters to you and your Dapp.
Betoken is a next-generation DAO that is building a leading crowd-powered asset management protocol. As a fully decentralized protocol, anyone can put money in or become a manager. Betoken is transforming how people invest in cryptocurrencies and they want to create new job opportunities.
Blocknative has come a long way since we launched at ETHDenver 2019 in February. Our team is excited by the progress we have made. As 2019 wraps up, we want to take a moment to talk about where we are as a company – and what's next for 2020.
What Is Blocknative?
During 2019, we had the opportunity to get involved with the blockchain community at several events, including ETHDenver, Web3 Summit, MetaCartel Demo Day, DappCon, ETHBerlin, Devcon V, San Francisco Blockchain Week, and more. Along the way, we learned that many members of the ecosystem are familiar with Blocknative but were not sure about what we do. This was not much of surprise given how rapidly our business and the surrounding ecosystem has evolved in 2019.
In response, we recently created this quick video if efforts to clarify what we do, who we do it for, and why our capabilities are relevant to you and your blockchain-based business:
Marble.Cards enables users to turn almost any web page into an NFT (non-fungible tokens). These unique digital collectibles represent web pages as beautiful cards that combine a unique piece of artwork with an image from the webpage. This Dapp is on the mission to create a fun and easy way for new-comers to get engaged in the world of crypto-collectibles.
Using NFTS To Introduce Users To Web3
What does it mean for a token to be non-fungible? Fungibility is synonymous with interchangeability. So non-fungible tokens are unique. You wouldn't want to trade a Marble.Card for another Marble.Card because they have different meanings and different worth. But you would easily trade a fungible token (ETH) for another fungible token.
To further illustrate the differences, take a look at this diagram: