What is MimbleWimble?
Crypto explained
I recently landed on this set of simple, concise, and well explained videos that provide an overview of various crypto-projects. Given explosion of initiatives, I find these useful as a way to filter out interesting projects. Some of the topics covered include Avalanche, Algorand, Hashgraph, and Ethereum Casper POS, Plasma, sharding, Zk-Snarks, and more, but one of the more interesting ones is MimbleWimble.
What is MimbleWimble?
MimbleWimble is a bitcoin-like blockchain that offers simple, scalable, and private cryptocurrency transactions. The white paper, written by an anonymous author, was dropped in an IRC channel mid 2016 and a few months later the first implementation, Grin, started as a github project. Unlike most projects today, Grin is entirely community funded.
Watch “What is MimbleWimble?” video here.
From around the web
The Coming Epic Battle Between Crypto & FAMGA (aka Facebook, Apple, Microsoft, Google, & Amazon) (Medium) by Lou Kerner — Strong post that explains why crypto is “poised to create more disruption and wealth creation in the next 20 years, then the internet has in the last 20” and highlights key factors that will determine who will capture the most value.
A glimpse into the dark underbelly of cryptocurrency markets (Medium) by Nic Carter — Highly acclaimed post that deep dives into the questionable drivers of crypto-asset markets.
Why Technology Favors Tyranny (The Atlantic) by Yuval Noah Harari, author of Sapiens — After long introduction on the risks of technology, Harari argues that the best thing we could do to protect our liberty and equality is to regulate ownership data and make distributed data processing more efficient than centralized processing.
Let’s “ditch” decentralized (Tony Sheng blog) — Yet another strong post by Tony sheng, this time arguing that the term “decentralized” is ill defined, abused of today, and its use should be ditched unless better defined.
Token Curated Registries: Futures and Tradeoffs (Multicoin Capital blog) — Introduces token curated regisgries (TCRs) and analyses pros and cons of these.
How to critique Bitcoin: a guide (Medium) by Nic Carter — 😂😂😂
Project of the week
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