diem

Introduction After years of seeking regulatory compliance, Diem, a cryptocurrency payment project from Facebook/Meta, ended abruptly in 2022. Its assets were sold off, including the underlying blockchain network. In its wake, a trail of talent was left behind. Sui and Aptos were the fruit that came from the collaboration among former Diem employees. Cumulatively, both […]

Introduction With the Solana and Nomad hacks over the last week, the demand for a secure and scalable blockchain has become increasingly apparent. Our previous report discussed Aptos, a blockchain founded by Meta (former Facebook) employees that runs on the Move programming language. That said, Aptos isn’t the only new kid on the block (pun […]

Introduction After years of seeking regulatory compliance, Diem, a cryptocurrency payment project from Facebook/Meta, ended abruptly in 2022. Its assets were sold off, including the underlying blockchain network. Mo Shaikh and Avery Ching, two former Meta employees, were unwilling to accept the fate of the project they spent nearly three years on. Therefore, they decided […]