Published in Monolith·Jul 30Monthly Recap: July 2022The token world has faced an intense stress test over the past few months due to market volatility, but that hasn’t stopped us from building. While recent events have included price drops, hedge fund blow-ups, and liquidation cascades hitting major lending platforms, token.com has been laser-focused on how our new…Monolith4 min read
Published in Monolith·Jul 26Entering the Monolith: an update for Monolith iOS usersWe’ve just launched a new version of the Monolith app on the iOS App Store. Key takeaways: We’ve launched a new Monolith app (version 2.92.0) on the iOS App Store. As Token Group Ltd recently migrated some of its activities from the UK to Lithuania, the iOS App Store won’t allow us…Monolith5 min read
Published in Monolith·Jun 30Monthly Recap: June 2022It might be the height of the summer here at our London HQ, but the world of cryptocurrencies and tokens is currently deep in winter mode. Although the latest market downturn has shaken the industry, slower phases such as this one provide the perfect opportunity to build. And that’s exactly…Tokens4 min read
Published in Monolith·Jun 7Understanding DeFi: Proof-of-Work and Proof-of-Stake ExplainedBlockchains are globally distributed systems. As they are not controlled by any single party, the nodes on each network have to find a way to agree on what the accurate record of data for the blockchain should be. To achieve this, they rely on cryptographic consensus mechanisms. The earliest example…Monolith6 min read
Published in Monolith·May 31Monthly Recap: May 2022It’s been a busy few months for us at Monolith HQ. We recently launched Token.com in Brazil, and while the rollout has been a big success, we’re still hard at work on developing the product. We’re also gearing up for a wider launch in other parts of the world later…Monolith4 min read
Published in Monolith·May 19Understanding DeFi: Ethereum’s Merge to Proof-of-Stake ExplainedLater this year, Ethereum is set to complete the most significant update in its history. The world’s most used blockchain will implement “The Merge” from Proof-of-Work to Proof-of-Stake, an important update that’s been in discussion since 2014. Ethereum’s upgrade to Proof-of-Stake marks a new stage in the blockchain’s lifetime and…Monolith4 min read
Published in Monolith·May 14Newsflash: a statement on current market conditions affecting USTWe wanted to share an update on the current situation affecting the Terra blockchain’s UST stablecoin, and what it means for Token.com. Key takeaways At the time of writing, Terra’s UST stablecoin is suffering from a depeg event due to intensified market selloffs. As Token.com currently uses UST to capture yields in…Monolith3 min read
Published in Monolith·Apr 21Newsflash: a status update on Token.comA note on everything we’ve been up to so far and a look into what’s on the horizon. The story so far Token.com is an ambitious project that aims to define how the world engages with the token economy as it scales beyond our current toolset. Work on Token.com has been ongoing since the…Token3 min read
Published in Monolith·Mar 26Newsflash: we’re expanding our teamWe’re hiring. We have two exciting new openings for a DeFi Treasury Manager and Global Head of Marketing. Joining Monolith is an opportunity to shape the future of finance. Our mission is to make it easy, safe and fun to grow money through the power of decentralised technology, and we…Monolith2 min read
Published in Monolith·Feb 18Understanding DeFi: Web3 explainedCrypto has produced many buzzwords over the years. One of the latest ones to catch on is “Web3” — a term used to describe a decentralised version of the Internet that will run entirely on blockchains and cryptocurrency technology. While blockchains like Bitcoin and Ethereum were most frequently used for…Monolith8 min read
