The Coinweb Monthly Spin - Tenth Edition

Hello Coinwebbers! It has been a wild 31-day roller-coaster ride in crypto, and even that’s an egregious understatement. BTC and ETH is down 4% on the monthly, the first July since 2019 to close red. We started off the month with BlackRock’s endorsement of Bitcoin and application for the BTC Spot ETF, leading to a 13-month high of $31,500. Then, we saw the partial ruling in favor of XRP (could you be more unclear?) as not being a security – which was just reversed by a different judge of the same court, days ago. Central Banks around the world got on the CBDC wagon, and regulators responded to the US’ lack of certainty by issuing guidelines. Gary Gensler asked for more money and was roasted by the House Appropriations Committee. The FOMC hit 22-year ATH rates, and the US credit score was again downgraded by another provider from AAA (Moody’s still has the grade at AA). And to top it all off, Curve Finance (the second largest DEX) gets hacked to bring July’s total losses to exploits to over $300M – the highest YTD. Being a crypto enthusiast this month was like being Catherine Zeta-Jones dodging lasers in Entrapment.

Coinweb has seen a highly productive month, from our community growth as a result of greater exposure via CryptoBanter, to the initial phase of our Wallet Alpha release. We’ve successfully implemented new workflows inside our development teams to provide for better specification and documentation of the SDLC, which will play a crucial role for us to achieve our next milestones: the public release of our SDKs and providing the support required for ecosystem dApps and projects to be built on our breakthrough protocol. Buckle up buckaroos, it’s gonna be one hell of a ride going into Q3!

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!

Darren M. OnRamp Director General

Coinweb Community Updates - July

Events:

Coinweb Launches the Alpha Wallet Tester Programme with DeconX and LinkMint

The Alpha Wallet Tester Programme has started for the first phase of participants (of two), with the full release Alpha version scheduled for early-mid August. We have also included access to use our native DEX, DeconX, as well as our cross-chain tokenization platform, LinkMint. Initial response has been overwhelmingly positive!

Coinweb Launches Wallet Webpage

Check out the new ‘Wallet’ tab on our main website for detailed information about our product features and stay in touch with any updates we will have under “coming soon”

Discord Channel Launched for Alpha Testers

Coinweb’s Discord server was launched this month with private access for Alpha Testers, to help facilitate the programme and communications between testers and Coinweb developers. We hope to open access up to the public in the near future, but the timeline remains unclear.

Coinweb Partners with CREO Engine, Sekuya and Coinfest

Mobile Legend (MLBB) National Competition where 128 teams will compete to achieve the total prize pool of 9500$!! The semifinal and final match will be held on 23 August 2023 in Bali.

AMA with CREO Engine and Indonesia Blockchain Association (Indonesian Community)

A fireside chat style AMA with educative contents and amazing panelists from notable Indonesia projects. Total of 45 attendees joined the live video and 20 best questions were chosen to receive rewards

Content Releases:

CryptoBanter’s Miles Deutscher Releases Video of Deep Dive on Coinweb

Join Miles Deutscher in this special edition of Crypto Banter DeFi for a deep dive into Coinweb and a chance for early access & a $1000 Giveaway!

InChain Architecture - The Core of the Coinweb Protocol

Giveaways and Quiz Games:

Coinweb’s Zealy community has held a weekly for the past few months, and we’ve closed receiving applications for selection to the Alpha Wallet Tester Program. Here are our most active members in Zealy, and we will always recognize their contributions and continued engagement moving forward…

Zealy Top Ten Leaderboard:

1. DavidG12 142 quests 10984 xp

2. YunasMF 140 quests 10120 xp

3. MoonSun 143 quests 9595 xp

4. Kingmazzard 68 quests 9470 xp

5. Shiv222 133 quests 9450 xp

6. Omarhazem 128 quests 9429 xp

7. Arsyad 139 quests 9125 xp

8. MaxDalmatov 139 quests 9125 xp

9. Cexar 138 quests 9075 xp

10. Jacquesauniere 107 quests 8875 xp

Weekly meme competition winners from our Zealy quest:

Week #9 — July 7th
@YunasMF @kingmazzard @MoonSunWalker

Week #10 — July 14th
Winning meme from Coinweb Team
Lucky winners: @theworldofrings @MotivationalDE80 @arifhid20912502

Week #11 — July 31st
AI-generated graphics contest, results pending

Coinweb General Statistics and Milestones:

Coinweb Protocol has 572K Unique Users

Coinweb has completed over 4.77M transactions

344M CWEB Tokens Staked

$424M Total Coinweb Stable Tokens Issued

Coinweb Technology Updates - July

Dev-team General Stats:

• Merge requests: 142 created, 110 merged

• Issues: 127 created, 88 closed

Front-end:

• Degradations in DeconX & LinkMint are fixed before public announcement,

• UX has been improved further

Back-end:

# Core

• Price fetcher mechanics is adjusted to better address situations when necessary market data is missing

• More downgrades have been fixed after shuffler refactoring & more tests are added

• Implemented unified global deprecation policy for the Core protocol

• Jump blocks storage is optimized

• Fixed usage of delay in read_blocks_by_closed_open_range and other block queue issues

• Added CIDR-protected ingress for the L1 writer

• Increased speed of the ETH L2 Computer

• Core protocol concurrency is improved by enforcing owner for each background process

• Documentation created on how to install and run a Coinweb node (incl. support for setting up secrets using helm)

• Other fixes and performance improvements

# Infrastructure

• Fuzzy tests support is integrated into the code-base

• @Rose assistant bot is further modified to better listen to the Core & L1 events

• Coinweb cluster configuration management is further refactored to better address evolving project requirements

• Support for Ganache in integration tests is improved

• Fixed integration tests degradation and errors

• IPFS backup script is improved

• Various optimizations for k8s resources usage

# Wallet & Tokenization Platform

• Added new queries to the wallet API, incl. getTokenBlacklist, ServiceInfo, etc.

• UTXO management is improved

• Simplified JS contract is introduced

• Added ability to run WASM tests locally

• First version of CwebBridgedTokenCollection contract is created and deployed

• Other fixes and performance improvements

On The Radar

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)
Starknet Summit, Aug 31 (San Francisco)

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)
Stellar Meridian 2023, Sep 26-28 (Madrid)
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)*
Solana BreakPoint 2023, Oct 30-Nov 3 (Amsterdam)

_{* 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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