The Coinweb Monthly Spin - Fifth Edition

Coinweb Project's Monthly Round-Up and Curated News & Events From The Bleeding Edge of All Things Web3

Author

Kawin Rungsimuntakul
March 04, 2023

Hello Coinwebbers! This month was the month of love, and we sure gave some TLC to our product development, core infrastructure, and enterprise solutions – all at the same time, in parallel. Which is similar to how we designed to do our cross-chain computations: in parallel. Our eyes have never left the prize, knowing well that the technology we are developing is pioneering. The Coinweb platform has been meticulously designed and now we are fully in the implementation phase. And once we reach our targets, it won’t be difficult to see that the technology is going to be unrivaled. We haven’t cut any corners, and we have a substantial and passionate team that are working around the clock to deliver pieces of the coveted rocketship. The competition is getting heated, with Layer 2s being a clear narrative and the emergence of high quality teams and projects that have proven their mettle through the longest bear market in crypto… and is it now time for the bulls to come out and play? Are you ready?

The Monthly Spin is the newsletter dedicated to our progress as a fast-moving, exponentially-growing project that is committed to being high-touch with our community and providing value in as many ways as we can. So, every month you can find not only our progress, but also general value in the form of blockchain affairs, adoption, education, as well as a thought leadership section for your own personal exploration. You can find The Daily Spin, every day on our subreddit for curated news and opinions from the world of Blockchain, designed to keep you informed of the most trending, in-the-know, and controversial topics. We strive to keep you informed, connected, curious, inspired, and of course… clinically sane in these crazy yet exciting times that we share today.

Kawin Rungsimuntakul
Editor of The Daily Spin

Coinweb Community Updates - February

Events:

Toby Gilbert takes the stage at the Thai Technology Investment Summit 2023, “On the future of Web3” and Ain Mohd represents Coinweb on a panel discussing “The Role of Women in Web3”

Coinweb conducted a community poll on Twitter to select the next blockchain to integrate, and the result was Kujira! We are excited to work alongside and welcome the Kujira community to ours.

New Frens! 🤝

Content Releases:

Community Growth:

China:

  • Active users 313 (11.53%) New users 599

  • Avg. DAU 30 Avg. daily msgs. 716 Avg. hourly msgs. 30

  • Total Messages 20,759.

  • Baidu search (Coinweb - China regional) = 33,100 mentions.

  • Weibo official total views Feb: 465k.

  • Weekly events with Blockchain Communities in Beijing.

  • Weekly Quizs & Games.

  • Reached to leaders and directors from real-world industry companies:
    AeonLabs / HSBC / VW / CryptoBuddha NFT Start-ups.

Vietnam:

  • Active users 98 (5.63%), New users 58

  • Avg. DAU 10 Avg. Daily msgs. 160 Avg. hourly msgs. 7

  • Total Messages 4975

Indonesia

  • Active users 120 (3.92%) New users 114

  • Avg. DAU 22 Avg. daily msgs. 570 Avg. hourly msgs. 24

  • Total Messages 15946

  • Google search trend (Coinweb - Indonesia regional) = 273 searches

Giveaways & Quiz Games:

Monthly Top Of The Line Members (Indonesia) - 5 Most Active Members
Weekly Quiz (Indonesia)
Monthly Games Competition (Indonesia)

Monthly Active Members: Top 5 (Vietnam)

Coinweb General Statistics and Milestones:

Coinweb has completed over 3.89M transactions

241M CWEB Tokens Staked

$308.9M Total Coinweb Stable Tokens Issued

Coinweb Technology Updates - February

Dev-team General Stats:
- Merge requests: 215 created, 169 merged
- Issues: 126 created, 123 closed

Front-end:
- Bonding curve constructor updated
- Tracking Panel service is deployed
- Set up Whitelister as a production ready service
- Various UI fixes and stability improvements in DeconX (cryptocurrency exchange service) and LinkMint (advanced tokenization platform), incl. optimizations for mobile devices
- More tests are added to monitor Explorer functionality

Back-end:

# Core
- Updated staking logic
- Cstd-wallet API is extended with new functionality, incl. dynamic changes in default rate limits
- Refactored shuffler efficiency for many networks and inputs
- Transaction monitor core logic implemented
- Cosmos integration started into the Core
- Anti-replay mechanism upgraded
- L1 writer logic adjusted
- New memory de/allocation logic is implemented for the Core services
- Various fixes and efficiency improvements in services relating to Coinweb distributed storage system management logic
- Various fixes and stability improvements

# Infrastructure
- Updated ingress, cert-manager and other components that manage external access to the services in a Coinweb cluster
- Set up Tendermint Light consensus service
- Various optimizations for k8s resources usage

# Security, Scalability, & Performance
- Created a number of integration tests for shuffler operating with dynamically increasing number of networks and inputs
- Integration tests for wallet-lib, broadcaster, jump & cwebless trx components added
- Made DB optimizations in Coinweb distributed storage system

# Wallet & Tokenization Platform
- Transaction monitor logic is embedded with the Wallet
- More robust broadcaster wallet validation added
- Various fixes and stability improvements for cstd-wallet and transactions handling logic

On The Radar

ETH Denver, Feb 24-Mar 5 (Denver)

Ethereum Shanghai Upgrade, Mar 10 (On-chain)
Institutional ETH-Staking Post Shanghai, Mar 14 (Virtual)

Optimism Bedrock Upgrade, Mar 15 (On-chain)
Blockchain Africa Conference 2023, Mar 16-17 (Johannesburg)
Polygon zkEVM Launch, Mar 27 (On-chain)
WOW Summit, Mar 29-30 (Hong Kong)
ASEAN Web3 Summit, Mar 30-31 (Singapore)*

AIBC Asia, Jul 19-22 (Manila)

TOKEN2049, Sep 13-14 (Singapore)*

* Anticipated events that Coinweb team will attend

Crypto-Industry Headlines

Silvergate stock falls 32% after-hours after filing delay, possible inquiries
https://cryptoslate.com/silvergate-stock-falls-32-after-hours-after-filing-delay-possible-inquiries/

Adoption | Regulation

Bitcoin outperformed majority of mining company stocks in February
https://cryptoslate.com/bitcoin-outperformed-majority-of-mining-company-stocks-in-february/

20 global currency stablecoins to form International Standards Body
https://cryptoslate.com/20-global-currency-stablecoins-form-international-standards-body/

Coinbase Announces Base🔵, an Ethereum L2 Network Powered by Optimism (BanklessHQ Feat. Jesse Powell)
https://youtu.be/iSIosTP4IJI

The SEC Declares War on Crypto with Ryan & David (BanklessHQ)
https://www.youtube.com/live/JP4gvpk4PgA?feature=share

Education

Thought Leadership

Raoul Pal Feat. Emad Mostaque: A Complete Shift in Society (Democratizing AI) (61mins)
https://youtu.be/YaRdZ7d6o2Y

Future Thinkers 49: Daniel Jeffries - Decentralized Governance & Identity
https://youtu.be/1lGna2dSFGQ

Future Thinkers 50: Daniel Jeffries - Evolution of Systems & Meaning of Life
https://youtu.be/vlRvS1ER-dw

This newsletter distributed by Coinweb does not represent its views or endorsements of any products or services found herein. This content is intended for educational and entertainment purposes, and does not constitute financial advice of any kind or nature. When making investments please do your own research and invest responsibly, as doing so may result in the partial or complete loss of funds invested. Beware of scams and fraudulent actions, and always check your sources when making financial decisions or transactions. Coinweb is not a security, and will never ask you for your private information such as your password or seed phrases in all cases. For more information, please refer to our website at http://www.coinweb.io or feel free to contact us through any of our social media channels found in the QR code presented below.

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