Welcome to the latest edition of ‘The Digital Asset Digest’. Today, we look at the 5 most insightful charts from the crypto sphere of 2021 and outline a few tips about the skills you’d need for a crypto-related job.
“Top blockchain and crypto news: Ethereum rises and rivals follow. Taxing times for US investors. New life for reborn crypto miner.”
“Saber, the leading Automated Market Maker for trading stable pairs on Solana, is excited to announce its support for the deployment of a wide range of Chainlink Price Feeds on Solana.”
“Singaporean central bank Monetary Authority of Singapore (MAS) has ramped up efforts to research and develop a central bank digital currency (CBDC) for retail use under the Project Orchid initiative.“
“On Tuesday, the Wormhole team revealed that starting today users will be able to transfer assets between Polygon and other Layer 1 blockchains like Solana, Ethereum, Binance Smart Chain (BSC), and Terra Network. Polygon is the first sidechain added to Wormhole.“
“The team of Input Output Hong Kong, the development studio behind Cardano (ADA) blockchain solutions, had a meeting with high-ranking officials of Zanzibar, an insular autonomous region of Tanzania located on an eponymous archipelago.“
INDUSTRY WIDE SNAPSHOT
Digital assets are a data-rich asset class by design. Every transaction since the inception of Bitcoin is stored in a public ledger which is open to analysis for everyone. That’s why there are so many metrics and charts in this sector to help guide investors.
Here are some of the most insightful charts and statistics from the past year.
EXPLORING NEW IDEAS
Digital assets are now a $2 trillion global industry. However, much of its growth was experienced in recent years, which is why the sector still faces an acute shortage of talent. Blockchain startups and tech giants are struggling to hire people with the right skills to scale up their decentralized projects.
If you’re looking to switch careers and boost earnings, this could be the perfect time to consider the digital assets space. Here are some of the top skills you’ll need to break through.
TOKEN OF THE WEEK
Launched in 2013, Ripple is a blockchain-powered network that seeks to enhance international money transfers. It is essentially a payment settlement system and an exchange network that can process transactions worldwide.
Ripple is not exactly a cryptocurrency, but a digital payment network based on a decentralized peer-to-peer platform. Instead of relying on conventional blockchain mining, the network relies on a unique distributed consensus mechanism.
Unlike other blockchain-powered networks, Ripple does not have a single prominent creator, but rather a group of founders and early backers who kickstarted the project. Some of the founders include technologist Jed McCaleb, who founded the first bitcoin exchange, and Chris Larsen, who founded E-LOAN and Prosper.
THIS WEEK’S DEEP READ
“If we want to know what’s really going on in El Salvador, asking a Salvadoran is the way to go. Our first From The Ground report had phenomenal information, but there are details that only a local can provide. Luckily for us, the “Bitcoin en Español” podcast, a Swan Bitcoin production, had the Salvadoran guest we needed. And, since the show is in Spanish, Bitcoinist has you covered with the translation and information processing.”
And that’s all for today! Like what you hear and want to explore an investing relationship through GDA?