6 Questions for Anton Bukov of 1inch Network
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Anton Bukov, co-founder of 1inch Network, a distributed network of decentralized protocols.Anton has been writing code for more than 20 years (since he was 12), mostly C++, C#, Objective-C, Swift and SQL. Since 2017, he has been working on blockchain solutions, primarily smart contracts. Anton has contributed to several crypto projects, including MultiToken, Near Protocol where he was involved....
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Anton Bukov, the co-founder of 1inch Network, explains how Ethereum can overcome its scalability issue and why it could soon become more valuable than BTC. Anton Bukov, the co-founder of 1inch Network, thinks that Ethereum will likely become the main settlement layer for a multi-chain decentralized finance (DeFi) ecosystem. “There is like a high chance that most of the chains will try to commit their states to Ethereum as a higher layer,” Bukov said in an exclusive interview with Cointelegraph. Bukov, who is number 39 in Cointelegraph’s Top 100 list for 2022, acknowledges that to achieve....
The funding round had backing from some of crypto’s biggest venture funds, which continue to bet big on the future of DeFi. Decentralized exchange aggregator 1inch Network has concluded a sizable Series B investment round, raising $175 million as part of a broader effort to expand protocol utility and increase access to liquidity within the decentralized finance, or DeFi, market. The investment round vastly exceeded the initial target of $70 million amid active participation from leading venture funds, 1inch Network disclosed Wednesday. Crypto-finance unicorn Amber Group led the funding....
The co-founder of the world’s eighth-largest DEX by trading volume joined Cointelegraph Markets Pro users for an exclusive AMA on Monday. It’s only been two years since its founding, but decentralized exchange (DEX) protocol 1inch Network has already surpassed $85.8 billion in cumulative trading volume. At a May 2019 hackathon in New York City, 1inch co-founders Anton Bukov and Sergej Kunz developed a prototype DEX aggregator that became the basis of the network. DEX aggregators are platforms that source liquidity from multiple DEXs, thereby providing better token swap rates with less....
Using 1inch’s new aggregator saves gas over using Uniswap or other DEXs directly. The 1inch team has released the third iteration of its Aggregation Protocol, a tool that routes trade orders across all decentralized exchanges on Ethereum and, as of recently, Binance Smart Chain.The Aggregation Protocol calculates the most profitable trade for a given token and size of the order, potentially splitting a large order into several chunks across several decentralized exchanges. Previously, the tool was mostly useful for wealthy traders for whom slippage was an important factor when trading in....
The series follows the exploits of a team of creatures attempting to get startup projects off the ground and will feature 1inch as a plot point in the first season. Decentralized exchange aggregator 1inch has partnered with an animated series which pokes fun at start-ups in a Silicon Valley-like setting.In a Friday announcement, 1inch said it would be sponsoring the non-fungible token, or NFT, series Take My Muffin in addition to providing its technical expertise for the show and introducing team members to projects in the decentralized finance, or DeFi, space. The series follows the....