Wallets, Identity, and AI: Exploring the future of crypto infrastructure
The Ledger Podcast
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Balancing Centralization and Decentralization in Crypto Exchanges
This chapter examines the intricate dynamics of crypto exchanges, focusing on fund recovery for FTX-affected users and the necessity of compliance alongside decentralization. It highlights the essential role of identity verification, KYC processes, and the evolving design of wallets in enhancing user security and self-custody. Through discussions on decentralized finance and centralized systems, the chapter emphasizes the need for innovative solutions that marry regulation with the transformative aspects of cryptocurrency.
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