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inchigor

@inchigor.eth

63 Following
3 Followers


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🔐 Multisig wallets: next-level security for crypto teams, DAOs & joint accounts A single private key = single point of failure. A multisig wallet means multiple approvals for every transaction, so funds only move when enough signers confirm. How does it work? • Set rules: 2-of-3, 3-of-5, etc. • All signers must approve before funds move • Enforced by smart contracts Why multisig? • Stops one person from moving funds alone • If one key is lost or hacked, assets stay safe • Transparency & accountability • Great for DAOs, startups, treasuries, business & families Caveats: • Setup is more complex than a regular wallet • For groups & big funds, worth it When to use? - DAO treasuries - Team wallets - Joint/family crypto - Business accounts Tips: • Use audited, open-source solutions • Train all signers • Prepare recovery steps in advance Multisig = trustless cooperation in Web3.
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US Banks Are Opening to Crypto: A New Chapter for DeFi In April, the US Federal Reserve withdrew its 2022 guidance discouraging banks from crypto. This clears the way for US banks to offer crypto services without major regulatory hurdles. This move signals growing acceptance and is likely to accelerate institutional crypto adoption, bringing more liquidity and legitimacy to the market. For DeFi and DEXes like 1inch, it’s a double-edged sword: Positively, it expands the crypto user base, introducing new users who may turn to decentralized alternatives for transparency and control. On the flip side, banks bring strong competition with their brand trust and regulatory compliance. DeFi’s strength lies in decentralization, censorship resistance, and innovative products. Improving UX/UI is key to staying ahead and attracting broader audiences. The Federal Reserve’s move opens a new chapter — DeFi must reaffirm its core values and keep innovating to thrive in this evolving landscape.
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Composable NFTs: Building Blocks of the Digital Economy Composable NFTs let NFTs hold, reference, and evolve with other tokens. Instead of isolated assets, they create modular structures - like game items bundled with avatars or layered financial products. Key models: Top-down: parent NFT owns others (e.g., character with gear). Bottom-up: child NFT knows its parent (modular parts). NFTs can be both parent and child, enabling dynamic hierarchies. Transfers preserve full structure on-chain without central control. Tech & standards: EIP-998, ERC-6059, ERC-7401, ERC-5773, and RMRK enable advanced composability. Use cases: Gaming, media bundling, real-world assets (cars with parts), supply chain tracking. Composable NFTs drive richer, interconnected Web3 experiences. Stay tuned to 1inch for DeFi and Web3 updates!
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