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Daniel McGlynn

Daniel McGlynn is a California-based writer. He first started covering crypto back in 2014 and hasn't been able to shake it since. This block has existed in many iterations, and this is its latest...

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DYOR: An introduction to how and why to "Do Your Own Research"

The need to Do Your Own Research or DYOR is used a lot in crypto and DeFi communities, but the processes or methodologies to build sound DYOR strategies are seldom outlined or explained. In this post we’ll look at some of the basics of DYOR and start to uncover

Blockchain evolution: How changes in Ethereum transaction type demonstrate network utility | DYOR

One of the most scathing and also bothersome/painfully ignorant critiques of digital assets goes something like this, “Crypto is a scam because it is not backed by anything.” For sure there is unwarranted hype and straight up pump-and-dump schemes in crypto. But there is also a tremendous amount of

AI and crypto: What happens when they meet?

Against the backdrop buzz of all things AI, there is a new trend emerging that feels full of possibility: What will happen when crypto is combined with AI? So far the trend seems to be positive and basically goes something like “AI+crypto=endless possibilities.” But what, exactly, are those

Layer one

A layer one blockchain refers to the base layer of a protocol. A layer one blockchain can serve as the foundation, or the final settlement layer, for other kinds of blockchain-based apps or services, which are built on top. Collectively, apps and services that leverage an underlying blockchain — and access

Defining decentralization

DeFi is complicated to use. It’s also hard to define. While the other onboarding issues will likely get solved through market maturity, it’s a lack of a firm definition that is grabbing all of the attention. DeFi is turning into a “know it when you see it” kind

Block reward

A block reward is the compensation earned by a cryptocurrency miner or validator for contributing resources — in the form of computing power or staked capital — to confirm previous network transactions and add them to a blockchain. Like the name implies, a blockchain is a string of blocks of confirmed transaction

What are BRC-20 tokens?

The BRC-20 token standard — or Bitcoin Request for Comment — allows for the creation of an asset on the Bitcoin blockchain. The new standard marks the first time that tokens can be issued on top of the Bitcoin and conceptually similar to Ethereum’s smart-contract-based ERC-20 tokens. While the new BRC-20

The case for web3 and universal basic income

In his book, Poverty, by America, sociologist Matthew Desmond explains the significance of poverty in the United States. “If America’s poor founded a country, that country would have a bigger population than Australia or Venezuela. Almost one in nine Americans — including one in eight children — live in poverty. There

Hash function

A hash function in crypto plays an important role making public key cryptography secure at scale. Hashing is used to create signatures during the transaction process and also to confirm transactions during the mining process (for proof-of-work). A crypto hashing function in terms of transactions plays two basic roles: The

Crypto signatures

A cryptographic signature is required to complete any crypto transaction on a public blockchain. A signature is the application of a private key with a public key and is required anytime assets are moved from one address to another. Signatures, like public and private keys, play a really important role