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About Standard
- Standard is building tools for Web3.0 that empower users with true self-ownership of digital assets.
- Introduces a new kind of Decentralized finance based on EIP-5252, following the ethos “not your keys, not your crypto”.
What is Standard?
- Standard is a multifaceted entity in the cryptocurrency and blockchain ecosystem.
- Focuses on developing and implementing Web3.0 technologies.
- Operates through various repositories on GitHub, including standard-substrate, standard-evm, and standard-subgraph.
How is Standard secured?</h3
About Standard Token
Standard is pioneering innovative tools for Web3.0, designed to usher in a new era of inclusivity, empowering individuals from all walks of life to thrive in every blockchain ecosystem.
Standard pioneers a novel decentralized finance paradigm, rooted in the ethos of EIP-5252, which echoes the fundamental principles of cryptocurrency, as epitomized by Bitcoin’s mantra, “not your keys, not your crypto.” Embracing this philosophy, Standard advocates for the notion that “not your keys, not your DeFi.” By doing so, it endeavors to create a new financial landscape where individuals can exercise true self-ownership over their digital assets, commencing with seamless exchange experiences via New Order and secure payments facilitated by its ecosystem’s stable currency, SAFU.
Defining Standard: A Benchmark for Excellence
Standard is a multifaceted entity that occupies a pivotal position within the cryptocurrency and blockchain ecosystem, where it concentrates on the development and implementation of cutting-edge Web3.0 technologies. Through its diverse range of repositories on GitHub, including standard-substrate, standard-evm, and standard-subgraph, the entity demonstrates its commitment to crafting the foundational infrastructure necessary for the creation of decentralized applications (DApps) and services. Furthermore, its innovative membership-drop repository showcases a forward-thinking approach to viral marketing, strategically designed to expand its community and user base through targeted engagement.
In the broader cryptocurrency landscape, the term “Standard” encompasses a multitude of concepts, including prominent digital currencies by market capitalization, security protocols for crypto assets, and investment strategies. However, in this specific context, Standard’s mission is to revolutionize Decentralized Finance (DeFi) by adhering to the fundamental principle of “not your keys, not your crypto.” This ethos, deeply rooted in the original philosophy of Bitcoin, underscores the paramount importance of self-sovereignty over digital assets, empowering individuals to exert full control over their digital wealth.
Pioneering a novel DeFi paradigm, Standard is built upon the Ethereum Improvement Proposal (EIP) 5252. This innovative approach is designed to vest users with genuine ownership and control over their digital assets, commencing with cutting-edge exchange mechanisms and payment solutions within its ecosystem. The introduction of SAFU, a stable currency, serves as a testament to Standard’s unwavering commitment to fostering a secure and user-centric financial environment.
As the cryptocurrency and blockchain landscape undergoes rapid transformation, entities like Standard are instrumental in molding the future of finance and digital ownership. By developing accessible, secure, and empowering tools for Web3.0, they not only extend a welcoming hand to newcomers but also pave the way for a more inclusive, decentralized, and democratized digital realm.
It is crucial for individuals seeking to tap into the vast opportunities within DeFi and the broader cryptocurrency landscape to undertake exhaustive research and carefully deliberate on the implications of digital asset ownership, as well as the cutting-edge technologies that undergird these groundbreaking innovations.
What Safeguards Does Standard Employ to Ensure Security?
Standard’s security framework is a multifaceted bulwark, integrating a synergy of advanced encryption methodologies, exhaustive smart contract audits, stringent data privacy safeguards, continuous monitoring and updates, and a “privacy by design” ethos. This rigorous approach ensures that every facet of the platform is meticulously crafted with security as its foundational pillar, thereby safeguarding users’ sensitive data and assets against unauthorized access and potential vulnerabilities.
Encryption assumes a pivotal role in safeguarding sensitive information transmitted across the platform. By encoding data, Standard ensures that solely authorized parties can access and decipher the information, thereby upholding confidentiality and integrity.
Smart contract audits constitute a pivotal aspect of Standard’s comprehensive security framework. These rigorous examinations, undertaken by independent third-party experts, meticulously scrutinize smart contracts to uncover potential flaws or vulnerabilities that could be exploited. This meticulous process enables the identification and rectification of potential security issues before they can be exploited, thereby ensuring the unwavering robustness of the platform’s underlying technological infrastructure.
Stringent data privacy measures are meticulously implemented to safeguard users’ sensitive personal and financial information. Adhering to stringent privacy policies, we employ cutting-edge techniques to prevent unauthorized access to user data, thereby ensuring that users’ privacy is respected and protected with the utmost diligence.
Unwavering vigilance and timely updates are crucial to safeguarding the platform’s security. Standard leverages cutting-edge monitoring tools to identify and respond to potential security threats in real-time, ensuring prompt mitigation. Furthermore, regular updates are implemented to address emerging vulnerabilities and bolster the platform’s security features, thereby staying ahead of potential threats and maintaining a fortified defense.
The “privacy by design” policy guarantees that privacy and security considerations are meticulously woven into the development process from its inception. This proactive stance towards privacy and security ensures that these fundamental principles are deeply ingrained in the platform’s very fabric, rather than being appended as an afterthought.
Beyond these measures, Standard adheres to the Cryptocurrency Security Standards (CSS) for key management best practices, encompassing key/seed generation, wallet creation, secure key storage, and authorized usage. These rigorous standards guarantee the secure handling of cryptographic keys, which are pivotal to the security of digital assets. Furthermore, the platform’s security posture is reinforced by policies governing key compromise, keyholder grant and revocation procedures, regular third-party audits, data sanitization protocols, proof of reserve, and meticulous log audits.
Standard’s unwavering commitment to security is exemplified in its adoption of Decentralized Finance (DeFi) principles grounded in EIP-5252, underscoring the paramount importance of self-ownership and control over one’s digital assets. This guiding philosophy, succinctly encapsulated in the mantra “not your keys, not your DeFi,” underscores the platform’s steadfast dedication to empowering users with unencumbered ownership and control over their assets, thereby ensuring a secure, transparent, and trustworthy DeFi ecosystem.
It is crucial for users to undertake their own thorough research and develop a comprehensive understanding of the security features and best practices employed by any platform or technology they opt to utilize within the cryptocurrency realm.
In What Ways Will Standard Be Utilized?
Standard is poised as a multifaceted platform within the decentralized finance (DeFi) ecosystem, striving to simplify and enhance the trading experience for cryptocurrencies such as Bitcoin, Ethereum, and diverse Altcoins. Its core objective is to facilitate seamless trading activities, mitigating the pervasive issue of slippage, thereby optimizing trade execution and enhancing overall user experience. This is particularly crucial in the highly volatile crypto market, where price fluctuations can occur in mere seconds, significantly impacting trade execution prices.
Beyond trading, Standard is dedicated to cultivating a transparent, blockchain-based economy, where inclusivity and accessibility are paramount. By empowering individuals who are unbanked, we provide them with unprecedented access to financial services that were previously inaccessible. This pivotal aspect of Standard’s mission is particularly crucial, given the substantial segment of the global population that remains underserved by traditional banking systems.
The platform is also pioneering innovative tools for Web3.0, with the goal of making the decentralized web more inclusive and accessible to newcomers. By building upon the principles outlined in EIP-5252, Standard underscores the paramount importance of self-sovereignty in the digital realm. The phrase “not your keys, not your crypto” succinctly encapsulates the platform’s unwavering commitment to ensuring users retain absolute control over their digital assets. This philosophy is seamlessly extended to the DeFi space through Standard’s approach, aptly encapsulated in the mantra “not your keys, not your defi.” This approach is designed to empower users with unencumbered ownership over their digital assets, commencing with exchange services through New Order and payments within its ecosystem utilizing the stable currency, SAFU.
In summary, Standard is poised to revolutionize the DeFi landscape by introducing a holistic platform that not only optimizes trading efficiency and caters to the unbanked, but also embodies the fundamental crypto principles of asset autonomy and self-sovereignty. Through its pioneering initiatives, Standard is charting a course towards a more inclusive, transparent, and user-centric financial ecosystem.
What pivotal milestones have marked Standard’s journey?
Standard has made a notable impact in the rapidly evolving landscape of cryptocurrency and blockchain technology, punctuated by a series of landmark events and strategic developments. These milestones not only underscore its unwavering commitment to innovation but also its pivotal role in shaping the future trajectory of decentralized finance (DeFi).
One of the pivotal moments for Standard was the unveiling of Lightpaper 2.0, a seminal document that delineates its vision, technological framework, and future roadmap with unwavering clarity. This release epitomizes Standard’s steadfast commitment to transparency and its concerted efforts to distill complex blockchain concepts into an accessible, easy-to-grasp narrative. Furthermore, the debut of Whitepaper 1.0 in Korean underscores its dedication to engaging a global audience, acknowledging the paramount importance of the Korean market within the cryptocurrency ecosystem.
The establishment of the Technology Alliance marks a pivotal milestone, underscoring Standard’s commitment to collaborative innovation. Through strategic partnerships with like-minded entities, Standard seeks to harness collective expertise, driving breakthroughs in decentralized finance and blockchain technology. This synergy serves as a testament to the transformative power of collaboration, overcoming obstacles and redefining the boundaries of possibility in the cryptocurrency landscape.
Standard’s groundbreaking initiatives and milestones have garnered extensive press coverage, significantly elevating awareness and fostering a profound understanding of its pivotal contributions to the DeFi sector. Through strategic media engagement, Standard has successfully shared its accomplishments and expertise with a broader audience, thereby solidifying its position as a prominent industry leader.
In the expansive realm of cryptocurrency, pivotal events, including the ascendance of Bitcoin, the emergence of innovative concepts such as eCash and DigiCash, and the far-reaching economic crisis of 2008, have collectively shaped the landscape in which Standard operates. These seminal events have underscored the potential of cryptocurrencies to provide viable alternatives to traditional financial systems, thereby informing Standard’s approach to crafting tools for the burgeoning Web3.0 ecosystem.
Standard’s steadfast commitment to the fundamental principles of digital asset ownership, as exemplified by its adoption of EIP-5252 and the guiding mantra of “not your keys, not your crypto,” underscores its unwavering dedication to the core ethos of cryptocurrency. By prioritizing the empowerment of true self-ownership and facilitating seamless, secure exchanges and payments within its ecosystem, Standard is actively contributing to the evolution of a more inclusive and liberating financial landscape.
As the cryptocurrency market undergoes a transformative evolution, with pivotal events like the forthcoming Bitcoin halving in 2024 poised to reshape the sector, it is imperative for stakeholders and observers to remain abreast of these developments. Standard’s journey, replete with strategic initiatives, offers profound insights into the vast potential of blockchain technology to revolutionize the financial paradigm, highlighting the paramount importance of innovation, collaboration, and a user-centric approach in navigating the intricate complexities of the DeFi landscape.