Where were you when Terra crashed? sunnya97 the co-founder of Osmosis, relives the dark days that the protocol went through following the collapse and details its ongoing recovery process. (Via CointelegraphZN)
Google and Coinbase strike a deal, BNY Mellon begins crypto custody and WisdomTree’s Bitcoin ETF gets denied: Hodler’s Digest, Oct. 9-15
And so, Aggarwal went out and read all the proof-of-stake white papers he could lay his hands on. “Out of all of them, it was the Tendermint piece that I liked the most,” says Aggarwal, citing the protocol’s simplicity. “Devs could build this in, like, a couple of months if we all wanted to.” According to Aggarwal, what really fascinated him about IBC was its scalability on both the technical and social levels. “Just take a look at Ethereum,” he says. “It has gotten so big to the point where there’s tens of thousands of DApps building on it. And that, in my view, means that technical advancement on the blockchain grinds to a halt.” Aggarwal explains that it’s simply unfeasible to consider all Ethereum projects’ needs, given the sheer numbers.
Like most co-founders, on an average day in Osmosis, Aggarwal spends most of his time taking calls and coordinating the team’s internal focus. About 25% of his time is devoted to coding and the remainder is spent networking with stakeholders in the ecosystem and with those looking to join.
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