The Coinweb Monthly Spin - Twelfth Edition

Hello Coinwebbers! Has this month been different? Does this month feel different? TL;DR: This month was different. Perhaps every month is different. But this one was exceptionally different! Because things were different in almost every way. And typically, while change presents a difficult frontier for many to face – change is good. Even when it’s not good, there’s usually (always, for us optimists) a silver lining; and let’s face it, if we don’t change we don’t grow.

So what changed? Let’s start with Coinweb’s operating strategy, commitment to deliver tangible products, and magical collaboration with the over 150 Alpha Testers to get that Wallet MVP over the finish line. Not to mention the LinkMint advanced tokenization platform and DeconX DEX, both of which will continue to be improved after this initial release. An SDK for our brand new protocol is materializing and an enormous ecosystem fund is being prepared for action. You can already begin to smell the familiar scent of blood, sweat and foggy glasses that are unique to 21st century building sprees we’ve fondly grown to know as hackathons. Change came in the form of velocity, sprints, and epics as our teams streamlined new flows and our devs knocked out milestone after milestone. And this is just the beginning…

Twitter is now X, the blue bird we’ve all come to love has been shunned to the memory dump where Netscape and AOL live out the rest of their days. Bitcoin closed September in the green, a month that is typically known to do the opposite. Blockchain technology is seeping from “the long tail” when we talked about banking the unbanked, financial inclusion and onboarding the first billion into adoption. The banks are in for a pound now, many CBDCs having completed their “pilot programs” as cross-border remittances breach 24 Trillion USD – a currency that is in its death throes to survive as the world’s reserve. The BlackRock gorilla is pounding on the SEC’s door with its 98%+ approval rate. Worldcoin tried to buy everyone’s biometrics for digital currency. SocialFi is hitting the numbers fast and hard, and AI is starting to look like a runaway rail car with heavy ordinance disappearing into the fog. Buckle up buckaroos, cuz we’re looking at a perfect storm of ingredients to close out Q4 of the 23rd!

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

Coinweb Community Updates - September

Events:

It’s Official: The Coinweb Wallet MVP is ready for launch!

With the completion of the MVP milestone and respective approvals received from Apple Inc., the Coinweb Wallet MVP is finally ready for public launch! Keep your eyes on our social media channels for the official announcement – needless to say, the team is thrilled and are highly anticipating the results of our efforts as we ramp-up towards our SDK launch and ecosystem grants.

We could not have done it without our elite community of Alpha Testers! 🎉🎉🎉

Coinweb is looking to Launch a Global Ambassador Programme

As we head toward having products in the market and direction shifts to empowering developers and talent from our strong local communities, the Coinweb Ambassador Programme is anticipated to empower stalwart leaders who will help usher in the next phase of our journey. Details are currently being worked on and is expected to be announced as soon as possible!

Do you have experience from similar programmes or have ideas on how it should be structured? Join our community to give your input on how you would like the Ambassador Programme to work: https://t.me/coinweb

Content Releases:

Coinweb General Statistics and Milestones:

Coinweb Protocol has 595K Unique Users

Coinweb has completed over 5.15M transactions

365M CWEB Tokens Staked

$456M Total Transaction Value Volume

5 Project Integrations over 8 Underlying Blockchains

Coinweb Technology Updates - September

Throughout September, our dev team meticulously resolved over 50 bugs and refined the UI/UX, with the help of our Coinweb Wallet Alpha Testers, setting the stage for our wallet's imminent public launch.

Dev-team General Stats:

• Merge requests: 187 created, 159 merged

• Issues: 186 created, 158 closed

Front-end:

• KYC status automatically changes without needing to go to Settings

• Fixed [bug] displaying percentage calculated in CWEB details view

• Fixed [bug] USD to EUR conversion

• Improved design for “insufficient fee” and “incorrect network address” alerts

• Styling updated for DeconX

• Fixed [bug] for inputting digits by creating an internal state instead of using callbacks due to asynchronous calling

• Added more types and formats according to existing prettier config

• Fixed [bug] middle arrow constantly modifies both amounts in Swap

• Fixed UX inconsistencies in send amount money display (rounding, max)

Back-end:

# Core

• Enabled running local tests for the Custodial Wallet and Rust Backtrace for investigation purposes

• Hardcoded services start-up order, improving to unified service launching

• Fixed virtual machine evaluator

• Implemented faster merge pipeline for CI/CD requests

• Implemented filter-actions in cweb-tool

• Represent file content as Base64 rather than Hex, reducing file size of the JSON representing logs by half

• Mandatory fixes for local simulators to start (iOS and Android), tested on ARM64 (M2) and X86_64 Macs

• Added a new application ‘nginx-proxy’ into the ‘applications’ directory

• Added staking network configuration

# Infrastructure

• Fixed issue when the parser is disabled that the shuffler has processed all the blocks – resulting in stability

• Added dynamically loaded whitelisted smart contracts

• Improved resync management for price updater

• Extended UserOperationDetails with additional information about DEX exchanges for wallet activity log

• Fixed [bug] at myInput component after state setters are separated at handlerInput function since query to backend for price calculation requires time

• Elrond writing fees have been fixed

• Setup Prometheus endpoint by default for deployments

# Security, Scalability, & Performance

• Refactored GraphQL code into smaller modules

• Reworked how caching is operated, by mapping database claims into memory resulting in increased speed

• Refactored custodial wallet readiness to avoid conditional compilation

• Set up L1 block request timeout if next block was not minted yet

• Added feature configures typescript to work incrementally (typechecks faster)

# Wallet & Tokenization Platform

• Fixed updating token price history after the bonding curve has been updated

• Added retries for custodial wallet callback errors

• Cweb-wallet-library upgrade to 0.1.62

• Correction of incorrect bonding curve parameters fixed

• Jump transactions from ETH to BNB enabled by funding the broadcaster’s wallet with CWEB on the ETH shard

• Fixed min max error implementation, exponent update, and circular loader implemented during data load

• Added immutable_client field to EthereumClient structure for hash-based requests with the ability to use a proxy

On The Radar

Blockchain Economy Summit, Oct 4-5 (Dubai)
Zebu Live, Oct 4-5 (London)
ETH Milan, Oct 5-6 (Milan)
ETHGlobal Online Hackathon, Oct 6-25 (Virtual)
WOW Summit 2023, Oct 8-9 (Dubai)
Vietnam Blockchain Summit 2023, Oct 12-13 (Ho Chi Minh)
State of the Block, Oct 16-20 (Dubai)
European Metaverse Summit and Awards, Oct 18-19 (Berlin)
European Blockchain Convention, Oct 24-26 (Barcelona)
Blockchain Life 2023 Forum, Oct 24-25 (Dubai)
ETH Miami 2023, Oct 27-29 (Miami)
ETH Vietnam, Oct 27-29 (Hanoi)*
Solana BreakPoint 2023, Oct 30-Nov 3 (Amsterdam)

World Blockchain Summit, Nov 1-2 (Dubai)
ZK Dev Summit, Nov 2 (Lisbon)
Cardano Summit 2023, Nov 2-4 (Dubai)
NEARCon, Nov 7-10 (Lisbon)
Staking Summit 2023, Nov 10-11 (Istanbul)
Blockchain Genesis, Nov 11-12 (Bangkok)*
Devconnect, Nov 13-19 (Istanbul)
Sui Builder House, Nov 14-16 (Lisbon)
Solana Hacker House, Nov 14-17 (Hong Kong)

ETH Venice, Dec 4-5 (Venice)
Next Block Expo, Dec 4-5 (Berlin)
India Blockchain Week 2023, Dec 6-7 (Bangalore)
ETH India, Dec 8-10 (Bangalore)
W3N 2023, Dec 12-13 (Narva)
World Blockchain Summit, Dec 14-16 (Bangkok)*
Sora Summit, Dec 16 (Taipei)

Token2049 Dubai, Apr 18-19 2024 (Dubai)*

_{* 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 cowww.cryptopolitan.com/congress-gary-gensler-approve-bitcoin-etfsnstitute 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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