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moreReese

moreReese

moreReese is obsessed with all things crypto and spends most of their waking hours in the space—BUIDLing, writing, learning, teaching, and, of course, degening. moreReese is most interested in the new products, modes of ownership, and governance models that are unlocked by blockchain technology. When not doing crypto, moreReese enjoys all things diving: skydiving, scuba diving, platform diving, dumpster diving, etc.

Stories by moreReese

  • ERC-721 Ethereum NFT Token Standard image by Decrypt

    What Is ERC-721?

    In 2017, ERC-20 was the Ethereum token standard that launched a thousand ICOs. Today, ERC-721 has launched a thousand non-fungible tokens (NFTs). Originally the lesser-known cousin of the ERC-20, ERC-721 has grown to become a pillar of the Ethereum ecosystem, underpinning billions of dollars worth of NFTs.  Blockchains are a revolutionary technology upon which entirely new models of value and ownership are being developed. Before the ERC-721 token standard, most tokens on blockchains functioned...

    Courses
    4 min read
    moreReese, Ki Chong Tran, Stephen Graves
  • how-to-store-nft illustration

    How Are NFTs Stored? On-Chain, Off-Chain and Decentralized Storage

    Non-fungible tokens (NFTs) are, ultimately, a form of digital media. And just like other digital media—from the words written in Decrypt articles to YouTube videos and streamed music—NFTs, in their most basic form, consist of data made up of 1s and 0s. That’s important because everything associated with the NFT—from the smart contract it lives in to the URL you use to view it to the image itself—ultimately boils down to 1s and 0s that are stored on a computer. Not all NFT storage techniques are...

  • An illustration of Bitcoin sign with blockchain nodes around it

    What Are The Different Types of Bitcoin Nodes? How the Bitcoin Network is Maintained

    Without Bitcoin nodes, Bitcoin as we know it would only be a concept known by a few computer scientists. Bitcoin nodes are the underlying infrastructure of the Bitcoin network, securing and maintaining it. But despite their importance, Bitcoin nodes are often misunderstood or not understood at all. In this article, we’ll explore what Bitcoin nodes are, as well as the different types of Bitcoin nodes and their role in the Bitcoin network. What is Bitcoin? When most people say "Bitcoin" they are...

  • Soulbound Tokens. Image: Decrypt

    What are Soulbound Tokens? Building Blocks for a Web3 Decentralized Society

    With Web3 trending toward hyper-financialization and commoditization, leading lights in the space have proposed an alternative model built upon emergent networks by bottom-up communities with rich social identity. Soulbound Tokens, proposed by Ethereum creator Vitalik Buterin, would form an essential building block for this Decentralized Society, or DeSoc. These non-transferable tokens represent credentials and affiliations within DeSoc, and are linked to Souls, a type of address that establish...

  • Ethereum Icon

    What is ERC-1155? Ethereum’s Flexible Token Standard

    Everything that happens on Ethereum, at the most fundamental level, is represented by data. Whether you swap ETH for USDC on Uniswap or buy a CryptoPunk on OpenSea, everything included in the transaction—your wallet address, fungible tokens, non-fungible tokens, decentralized applications, etc.—is broken down into smaller, computer-readable chunks of data.  For a transaction to be considered legitimate, its data must be shared across the network, validated, and processed by computers that then...

  • ERC-721 Ethereum NFT Token Standard image by Decrypt

    What is ERC-721? The Ethereum NFT Token Standard

    In 2017, ERC-20 was the Ethereum token standard that launched a thousand ICOs. Today, ERC-721 has launched a thousand non-fungible tokens (NFTs). Originally the lesser-known cousin of the ERC-20, ERC-721 has grown to become a pillar of the Ethereum ecosystem, underpinning billions of dollars worth of NFTs.  Blockchains are a revolutionary technology upon which entirely new models of value and ownership are being developed. Before the ERC-721 token standard, most tokens on blockchains functioned...

  • Loopring

    What Is Loopring? An Ethereum Tool for Decentralized Exchanges and Payments

    If you've spent time in the Ethereum DeFi space you've probably come across buzzwords like "layer-2," "zero-knowledge," and "rollups." In an Ethereum context, these terms typically describe projects that address the high costs and relatively slow speeds associated with transacting on the Ethereum mainchain. Loopring is one such project. You may have heard of it after its token price surged in November 2021. Or maybe you came across the Loopring Exchange while trying to circumnavigate high trans...

  • What Are Algorithmic Stablecoins?

    Decentralized finance (DeFi) is a complex and rapidly developing industry, full of experimentation and innovation, and building on the philosophical and ideological foundations of a more efficient, censorship-resistant, and open decentralized financial system. Algorithmic stablecoins exemplify these traits; part monetary economics, part financial markets, part mathematics, and part technology. Sitting at the intersection of money and blockchain technology, they are new and complex—and pose many...

  • Moloch DAO. Image: Decrypt

    What Is Moloch DAO? Funding Public Goods in the Ethereum Ecosystem

    Part product of biblical lore and part collection of enthusiastic Ethereum experts, Moloch DAO is all about creating a better future. In its three-year existence, Moloch DAO has funded dozens of projects and helped power hundreds of other decentralized autonomous organizations in the Ethereum ecosystem. In a space where the narrative is all too often about short-term, individual gains, Moloch DAO has its sights set on a longer time horizon by funding digital public infrastructure—starting with...

  • Governance tokens. Image: Grant Kempster/Decrypt

    What are Governance Tokens? How Token Owners Shape a DAO's Direction

    Blockchain technology has opened up a world of new possibilities. From decentralized finance (DeFi) to digital scarcity and ownership through NFTs, there’s been an explosion of innovation around products, services, and platforms. Cryptoeconomics and tokenization are unlocking new models for organization and ownership. The products, services, and platforms emerging from these new models are user-owned and operated, built for and by the communities they serve. These communities are composed of in...