The Coinweb Monthly Spin - Ninth Edition

Hello Coinwebbers! What a month it has been, with Bitcoin leading the crypto rally and banishing the bears back to pre-Terra Luna levels. Despite all the regulatory attacks made by the U.S. Securities and Exchange Commission, Operation “Chokepoint 2.0” and the banking sector collapse, Bitcoin has held its own as well as simultaneously attracting what we believe to be the long-overdue institutional investors. Coinbase and Binance are in the thick of their respective lawsuits, but as one door closes another surely opens – as we witness world governments vying to take advantage of the US’ mis-step to become crypto-clarity jurisdictions in the hopes of leading other nations in their economic competitiveness and innovation.

Coinweb are in the midst of a raise and have opened up offices in Minsk with a cabal of new developers, steamrolling down the roadmap at full speed with great progress on our documentation and SDK. We are also eager to start giving early-access to our Wallet and Alpha Testers as soon as possible! We’ve received a huge response for the program and are very much looking forward to involving the community in the conquering of this milestone. On the social media side, we’re thrilled to have started collaborations with our long-time friends at CryptoBanter – the largest and fastest growing crypto community on YouTube. So, many things are on the up and up and we are looking forward to a banger of a month ahead!

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 no longer find The Daily Spin, but now The Weekly Spin, every Monday 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 Monthly Spin

Welcome to the Team!

Stephane V. Backend Development
Eva M. Financial Controller

Coinweb Community Updates - June

Events:

Coinweb Wallet Early Access Program Begins This Month!

As we are currently wrapping up our internal testing, we will thereafter commence launching the highly anticipated Alpha Wallet Tester Program! Early Access will be granted to special members of our community and a group of ace Questooors on the Zealy (formerly Crew3) Platform. Congratulations to those who have been selected for participation and have been notified by email, and a big warm Thank You! to everyone who applied to participate. It is unfortunate that we cannot accommodate all applicants, but always keep your eye on the Zealy Questboard however, for there will be ongoing campaigns and more giveaways in the near future!

Coinweb Launches Official Partnership with CryptoBanter

Coinweb joins the fastest growing community and highest alpha-per-minute show, the CryptoBanter Fam! Read more about it and use their referral link to access our Zealy for upcoming rewards!

Coinweb’s Dr. Maksym Surzhynskyi speaks at the Lublin Central Europe Forum, on behalf of the National Academy of Sciences of Ukraine

Rebuilding Ukraine: Navigating Ongoing and Post-War Challenges / Lublin Central Europe Forum 2023

Content Releases:

Venture Alpha Podcast by Contango Feat. Toby Gilbert

InChain Architecture - The core of the Coinweb Protocol

A Thread on the Coinweb “Token Shield” and How It Works

Giveaways and Quiz Games:

Coinweb’s Zealy community has held a weekly Meme Competition for 8 weeks running, and was the platform that accepted applications for selection to the Alpha Wallet Tester Program – results are currently being announced directly via email. Make sure to check to see if you’ve been selected!

Zealy Top Ten Leaderboard:

1. DavidG12 106 quests 6224 xp

2. YunasMF 103 quests 4860 xp

3. Omarhazem 103 quests 4724 xp

4. Shiv222 102 quests 4715 xp

5. Kingmazzard 54 quests 4420 xp

6. Arsyad 103 quests 4365 xp

7. MaxDalmatov 103 quests 4365 xp

8. MoonSun 105 quests 4330 xp

9. Cexar 102 quests 4315 xp

10. Jacquesauniere 91 quests 4215 xp

Weekly meme competition winners from our Zealy quest:

Week #5 — June 9th
@arsyad99974878 @kingmazzard @MWhittte

Week #6 — June 16th
@DavidG121212 @arsyad99974878 @YunasMF

Week #7 — June 23rd
@MoonSunWalker @EngenShivonne @cexxzzar

Week #8 — June 30th
@DavidG121212 @max_dalmatov @EngenShivonne

Coinweb General Statistics and Milestones:

Coinweb Protocol has 570K Unique Users

Coinweb has completed over 4.5M transactions

304M CWEB Tokens Staked

$393M Total Coinweb Stable Tokens Issued

Coinweb Technology Updates - June

Dev-team General Stats:

• Merge requests: 178 created, 153 merged

• Issues: 133 created, 163 closed

Front-end:

• Swapping mechanics is updated & integrated in supported frontend services

• Plots engine is refactored and better adjusted for LinkMint usage

• DeconX & LinkMint are prepared for public announcement, its UX is improved further, a special ‘demo’ mode is added

Back-end:

# Core

• Downgrades are fixed after shuffler refactoring

• Many improvements in L1 writer’s functionality

• Mempool transaction handling logic has been upgraded

• New testing framework to check L1 writing events were introduced

• Bonding curve computation is adjusted

• Security of all GraphQL services has been strengthened and performance shows marked improvement

# Infrastructure

• Coinweb cluster configuration has been further optimized for cost and efficiency of allocated resources, special attention was given to ease of unfolding cluster infrastructure by third parties

• Improved scripts and cronjobs for backing up crucial backend data, incl. Staking & IPFS objects

• Coinweb repository has been adjusted to be less dependent on any specific DevSecOps platform

• Logging and tracing transfer & accumulation strategies are improved within the cluster

• @Rose assistant bot has been further modified to monitor custodial wallet balances & IPFS API functionality while operating with shards in different environments (development, production)

• GraphQL-inspector is now active for all services (except for Explorer)

• Various optimizations for k8s resources usage

# Security, Scalability, & Performance

• Added cargo audit to Coinweb project repo

• WASM tests coverage has been extended, added an option to run tests locally

• Horizontal pod autoscaling (HPA) has been enabled for the wallet service

• Added tests verifying all supported GraphQL queries

# Wallet & Tokenization Platform

• Corrected reserving UTXOs on transaction failure

• More logging has been introduced in cases of transaction errors

• Swapping mechanics have been substantially improved, as well as its integration in various frontend services

• Added backwards compatibility for transaction execution (sending operations)

• Price-updater subscription & balance checks are adjusted, added coefficients for JPY

• Improved simulation engine for partially-funded transactions

• Added broadcaster simulation capabilities to wallet lib

• Subaccounts implemented

• Other fixes and performance improvements

On The Radar

ETH Barcelona, Jul 5-7 (Barcelona)
GM Vietnam, Jul 6-8 (Ho Chi Minh City)*
BlockDown Festival, Jul 10-12 (Albufeira)
World Blockchain Summit Singapore 2023, Jul 13-14 (Singapore)
NFT Show Europe, Jul 14-15 (Valencia)
DAOCON 2023, Jul 16 (Paris)
ETHCC Paris, Jul 17-20 (Paris)
AIBC Asia, Jul 19-22 (Manila)
WebX Asia Conference, Jul 25-26 (Tokyo)
Seoul Web 3.0 Festival, Jul 31-Aug 3 (Seoul)

Web3Conf India, Aug 11-14 (Goa)
ETH Toronto, Aug 13-16 (Toronto)
Coinfest Asia by Coinvestasi, Aug 24-25 (Bali)
ETH Warsaw, Aug 30-Sep 3 (Warsaw)

Korea Blockchain Week, Sep 4-9 (Seoul)
Nordic Blockchain Conference 2023, Sep 6-7 (Copenhagen)
Near APAC, Sep 8-12 (Ho Chi Minh City)
Ethereum Singapore, Sep 10-12 (Singapore)
DappCON23, Sep 11-13 (Berlin)

TOKEN2049, Sep 13-14 (Singapore)*

Metaverse Summit, Sep 21-22 (Paris)
ETHGlobal New York Hackathon, Sep 22-24 (New York City)
Fintech Festival Asia, Sep 27-28 (Bangkok)*

Blockchain Economy Summit, Oct 4-5 (Dubai)
Zebu Live, Oct 4-5 (London)
ETHGlobal Online Hackathon, Oct 6-25 (Virtual)
ETH Miami 2023, Oct 27-29 (Miami)
ETH Vietnam, Oct 27-29 (Hanoi)*

_{* Anticipated events that Coinweb team will attend}

Crypto-Industry Headlines

Adoption | Regulation

Education

Thought Leadership

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 here:

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