Standard price

STND

#1821

Standard is a multifaceted entity within the cryptocurrency and blockchain ecosystem, focusing on the development and implementation of Web3.0 technologies. It operates through various repositories on GitHub, such as standard-substrate, standard-evm, and standard-subgraph, indicating its involvement in creating foundational infrastructure for decentralized applications (DApps) and services. Additionally, its membership-drop repository suggests an innovative approach to viral marketing, aiming to expand its community and user base through strategic engagement.

In the broader context, "Standard" can refer to multiple concepts within the cryptocurrency domain, including leading cryptocurrencies by market capitalization, security protocols for crypto assets, and investment strategies. However, in this specific instance, Standard's mission is to revolutionize Decentralized Finance (DeFi) by adhering to the principle of "not your keys, not your crypto." This ethos, rooted in the original philosophy of Bitcoin, emphasizes the importance of self-sovereignty over digital assets.

Standard is pioneering a new DeFi model based on Ethereum Improvement Proposal (EIP) 5252. This approach seeks to empower users with true ownership and control over their digital assets, starting with innovative exchange mechanisms and payment solutions within its ecosystem. The introduction of SAFU, a stable currency, is a testament to Standard's commitment to creating a secure and user-centric financial environment.

As the landscape of cryptocurrency and blockchain technology continues to evolve, entities like Standard play a crucial role in shaping the future of finance and digital ownership. Their efforts to build accessible, secure, and empowering tools for Web3.0 not only invite newcomers into the space but also pave the way for a more inclusive and decentralized digital world.

It's essential for individuals interested in exploring the opportunities within DeFi and cryptocurrency more broadly to conduct thorough research and consider the implications of digital asset ownership and the technologies that underpin these innovations.

Standard's security framework is multifaceted, incorporating a blend of advanced encryption, comprehensive smart contract audits, stringent data privacy measures, continuous monitoring and updates, alongside a "privacy by design" policy. This approach ensures that every aspect of the platform is built with security at its core, safeguarding users' data and assets against unauthorized access and potential vulnerabilities.

Encryption plays a crucial role in protecting sensitive information transmitted across the platform. By encoding data, Standard ensures that only authorized parties can access and interpret the information, thereby maintaining confidentiality and integrity.

Smart contract audits are another critical component of Standard's security measures. These audits are conducted by independent third parties who meticulously examine the smart contracts for flaws or vulnerabilities that could be exploited. This process helps in identifying and rectifying potential security issues before they can be exploited, ensuring the robustness of the platform's underlying technology.

Data privacy measures are rigorously implemented to protect users' personal and financial information. Standard adheres to strict privacy policies and employs advanced techniques to prevent unauthorized access to user data, ensuring that users' privacy is respected and protected.

Continuous monitoring and updates are essential for maintaining the security of the platform. Standard employs state-of-the-art monitoring tools to detect and respond to potential security threats in real-time. Regular updates are also rolled out to address new vulnerabilities and enhance the platform's security features, keeping it ahead of potential threats.

The "privacy by design" policy ensures that privacy and security considerations are integrated into the development process from the outset. This proactive approach to privacy and security ensures that these principles are embedded in the fabric of the platform, rather than being added as an afterthought.

In addition to these measures, Standard aligns with the Cryptocurrency Security Standards (CSS) for key management practices, including key/seed generation, wallet creation, key storage, and usage. These standards ensure the secure handling of cryptographic keys, which are fundamental to the security of digital assets. Policies for key compromise, keyholder grant/revoke procedures, third-party audits, data sanitization, proof of reserve, and log audits further reinforce the platform's security posture.

Standard's commitment to security is evident in its adoption of Decentralized Finance (DeFi) principles based on EIP-5252, emphasizing the importance of self-ownership and control over one's digital assets. This philosophy, encapsulated in the mantra "not your keys, not your DeFi," highlights the platform's dedication to empowering users with true ownership and control over their assets, ensuring a secure and transparent DeFi ecosystem.

It's important for users to conduct their own research and understand the security features and practices of any platform or technology they choose to engage with in the cryptocurrency space.

Standard is positioned as a multifaceted platform within the decentralized finance (DeFi) sector, aiming to streamline the trading process and enhance the utility of cryptocurrencies such as Bitcoin, Ethereum, and various Altcoins. Its primary function is to facilitate trading activities without the common issue of slippage, thereby optimizing the trading experience for its users. This is particularly significant in the volatile crypto market, where price fluctuations can occur in mere seconds, affecting trade execution prices.

Beyond trading, Standard is committed to fostering a transparent, blockchain-based economy. This commitment extends to supporting individuals who are unbanked, providing them with access to financial services that were previously out of reach. This aspect of Standard's mission is crucial, considering the significant portion of the global population that lacks access to traditional banking services.

The platform is also developing tools for Web3.0, aiming to make the decentralized web more accessible to newcomers. By building on the principles outlined in EIP-5252, Standard emphasizes the importance of self-sovereignty in the digital realm. The phrase "not your keys, not your crypto" underscores the platform's dedication to ensuring users maintain control over their digital assets. This philosophy is extended to the DeFi space through Standard's approach, encapsulated in the mantra "not your keys, not your defi." This approach aims to provide users with true ownership over their digital assets, starting with exchange services through New Order and payments within its ecosystem using the stable currency, SAFU.

In summary, Standard seeks to revolutionize the DeFi space by offering a comprehensive platform that not only improves trading efficiency and supports the unbanked but also champions the fundamental crypto ethos of asset self-sovereignty. Through its initiatives, Standard is paving the way for a more inclusive, transparent, and user-empowered financial ecosystem.

Standard has marked its presence in the evolving landscape of cryptocurrency and blockchain technology through a series of significant events and strategic developments. These milestones not only underscore its commitment to innovation but also its role in shaping the future of decentralized finance (DeFi).

One of the pivotal moments for Standard was the release of Lightpaper 2.0, a document that outlines its vision, technology framework, and future roadmap. This release signifies Standard's dedication to transparency and its efforts to communicate complex blockchain concepts in an accessible manner. Additionally, the launch of Whitepaper 1.0 in Korean demonstrates its commitment to reaching a global audience, acknowledging the importance of the Korean market in the cryptocurrency ecosystem.

The formation of the Technology Alliance represents another key event, showcasing Standard's collaborative approach to innovation. By partnering with other entities, Standard aims to leverage collective expertise to drive advancements in DeFi and blockchain technology. This alliance is a testament to the power of collaboration in overcoming challenges and pushing the boundaries of what is possible in the cryptocurrency space.

Press coverage of Standard's initiatives and milestones has played a crucial role in raising awareness and fostering a deeper understanding of its contributions to the DeFi sector. By engaging with the media, Standard has been able to share its achievements and insights with a wider audience, further establishing its position in the industry.

In the broader context of cryptocurrency, key events such as the rise of Bitcoin, the introduction of concepts like eCash and DigiCash, and the economic crisis of 2008 have shaped the landscape in which Standard operates. These events have highlighted the potential of cryptocurrencies to offer alternatives to traditional financial systems and have influenced Standard's approach to building tools for Web3.0.

Standard's emphasis on self-ownership of digital assets, as encapsulated in its adoption of EIP-5252 and the principle of "not your keys, not your crypto," reflects its commitment to the core ethos of cryptocurrency. By focusing on enabling true self-ownership and facilitating secure exchanges and payments within its ecosystem, Standard is contributing to the development of a more inclusive and empowering financial future.

As the cryptocurrency market continues to evolve, with events like the upcoming Bitcoin halving in 2024 poised to impact the sector, it's crucial for participants and observers to stay informed about these developments. Standard's journey and its strategic initiatives offer valuable insights into the potential of blockchain technology to revolutionize finance, underscoring the importance of innovation, collaboration, and a user-centric approach in navigating the complexities of the DeFi landscape.