Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

GOLDMAN SACHS, BNY MELLON, AND OTHERS TEST ENTERPRISE BLOCKCHAIN FOR TOKENIZED ASSETS

Digital Asset has successfully tested its Canton Network, a blockchain service involving major financial firms including Goldman Sachs and BNY Mellon. The trial allowed the seamless transaction and settlement of tokenized assets, with uses ranging from fund registry to margin management. The successful execution of 350 simulated transactions demonstrated potential advantages including reduced risk and optimized capital.

PRIMITIVES PROTOCOL

The Primitives Protocol is a system designed to build consumer crypto apps on Solana. The creators exploited Solana's potential for seamless, inexpensive transactions to establish a consumer experience akin to setting up a social media profile. Their system aims to push mainstream adoption of crypto by simplifying the usually complex process. They have started working on a software development kit to support more social applications on Solana, enhancing its infrastructure and facilitating user-friendly minting.

SOLANA NFT MARKETPLACE TENSOR UNVEILS PLANS FOR TNSR TOKEN

The newly established Tensor Foundation, which supports Solana's Tensor NFT marketplace, has revealed plans for its TNSR governance token. Tensor presently claims around 33.49% of the NFT market share, battling with platforms like Magic Eden. Without mentioning a potential TNSR airdrop, the foundation praised Solana's blockchain benefits, such as speed and cost-efficiency. The foundation aims to nurture a network of creators and builders devoted to the success of NFTs.

UNDERSTANDING SOLANA TRANSACTIONS

This article outlines a comparison between Solana and Ethereum's transaction mechanisms. Solana's advantages include a minimal transaction fee and quick execution time. However, Solana's fee mechanics are insufficient for scalability, unlike Ethereum's dynamic transaction fees which are efficient and resourceful. Despite Solana's continuous block building and multi-threaded scheduler, weak inclusion guarantees and less reliable prioritization make substantial network improvements necessary.

SMALL CAP HUNTING GUIDE

The guide offers tips for identifying small-cap cryptocurrency gems. It recommends using Dexscreener for filtering based on liquidity, pair age, and transaction volume. Etherscan can help in tracking notable wallets in new launches. Automated notifications about potential small caps and the use of tools that track high-profit trades on Ethereum are also encouraged. The guide also suggests monitoring new wallet activity as an indicator of project interest. These methods carry inherent trading risks.

PUBLISHER-EXCHANGES: CONSUMER APPLICATIONS AND THE ATTENTION THEORY OF VALUE

The world of cryptocurrency is shifting towards the “Attention Theory of Value,” where the price of an asset depends largely on the amount of attention and investment it attracts. "Publisher-Exchanges," apps that combine attention and value, are predicted to rise, essentially becoming marketplaces of attention. These platforms could expand chances for asset creation, allowing inventive interaction and coordination. With embedded asset issuance and trading, "Publisher-Exchanges" have the potential to revolutionize how consumers interact with crypto.

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