Genesis Daily

Jul 18, 2019

When the cryptocurrency Zcash launched, part of its design was to designate 20% of the mining reward for the first four years, or 2.1 million of the total supply of ZEC, to be distributed among the founders, investors, employees, and advisors. But the founders reward expiration is fast approaching, presenting a defining moment for the […]

In 1787, four years after the American Revolution, the Continental Congress was still trying to manage America’s newly freed and growing economy. During this period, there was an influx of counterfeit copper coins in circulation, causing problems for laborers and businesses. Additionally, because of the Articles of Confederation, the 13 U.S. states were given the […]

Decentralized Finance (DeFi), non-custodial financial protocols run (mostly) on top of Ethereum, have seen significant growth throughout the last year. The existing DeFi protocols can be categorized into five categories: Lending (Maker, Compound, Dharma, etc.) Derivatives and prediction markets (Synthetix, Augur, etc.) Decentralized exchanges (Uniswap, DutchX, Bancor, etc.) Payment channels (xDai, etc.) Asset management (Set […]

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