DecryptedTech

Friday12 August 2022

Displaying items by tag: blockchain

As the Steam Deck is starting to get to people that have ordered them questions about Steam’s place in Web3 and recent moves around NFTs come up in conversation. Steam, Valve’s distribution arm has been seen as a one of the more cutting-edge services, with founder Gabe Newell once having a following like Elon Musk (at least in the gaming world). However, despite this perception they have never really been completely onboard with Crypto and the trappings of Web3.

Published in In Other News

Blockchain, the immutable public transaction log where many say the future lies and the concept of “code is law” is often bandied about. However, the bank ending utopian promise of block chain and web3.0 has not exactly arrived and it is not as “de”centralized as it was supposed to be. Instead, the power and control of blockchain technologies, especially when is comes to currencies involved have been concentrated in a few groups while theft, scams and crime seem to be the most common things you read about it. So, what happened? The concept of Web 3.0 was not supposed to be like this.

Published in Security Talk

The NFT or Non-Fungible Token is becoming a rather big deal in circles where blockchain and cryptocurrency are popular. The NFT, as designed, is supposed to represent ownership, or the chain of ownership back to the original creator. However, as nothing really changes hands it is not much more than a list in a distributed database. NFT themselves are neither a good thing nor bad thing. They just are, but they can be and have been used as parts of scams. They have also turned out to be not exactly what the buyer thought when they dumped a ton of cash on buying or creating one.

Published in Security Talk