Anton Bukov, Co-founder of 1inch Network

He worked for five years as a researcher at the Russian Federal Security Service’s Academy’s Institute of Cryptography, Telecommunications, and Computer Science. He earned his degree as a specialist engineer and went on to create a C-style language compiler and an OS stack akin to TCP/IP.

He developed a career as a C++ and iOS software engineer in a variety of industries, including machine learning, before switching to BitClave as a blockchain developer in 2017. Prior to joining 1inch Network, Anton worked as the senior smart contract engineer for the Near protocol and the chief blockchain engineer at MultiToken.

In 2019, he and another software programmer, Sergej Kunz, co-founded 1inch Network. They had created a prototype for a decentralized exchange aggregator at a hackathon in New York City, which later served as the basis for 1inch Network.

For both seasoned and novice DeFi users to locate the best exchange for their tokens, the 1inch DEX aggregator searches through a number of decentralized cryptocurrency exchanges.

In order to build the crypto project’s effective structure in maximizing searches, results, and ultimately revenues, the network’s name pays homage to Bruce Lee’s renowned “one-inch punch” martial arts technique, a paradigm of efficiency.

You have to worry about the network’s convenience for the community instead of longer-term state growth acceleration. Otherwise, Ethereum’s competitiveness gets affected, and more projects start considering migration to forked chains or other networks.

https://twitter.com/k06a

2023

Token plugins were first introduced by 1inch co-founder Anton Bukov on stage at EthCC in Paris on July 19. In the upcoming years, Anton believes that the recently developed idea has the potential to significantly change the DeFi industry. Token plugins are ERC20 extensions that link to onchain smart contracts to inform token holders or liquidity providers of changes in user balance, therefore expanding the potential of their assets. Wallets that store tokens that may be added to can essentially “plug in to plugins” and add some of those plugins. The maximum quantity of plugins that each user may add at once is the only restriction.

These plugins have the benefit of being risk-free. In the worst case scenario, a plugin can consume a lot of gas, but it can’t steal or lock your assets because there aren’t any transfer approvals. Farming and onchain delegation are the two most promising use cases for token plugins, according to Anton, who also expressed his expectation that additional token plugins will be developed. In farming, a user would possess an AMM with many tokens, and this AMM would contain a plugin-enabled liquidity provider token. At that point, any liquidity source would be able to safely tap into several farms at once.

Here you can watch the latest discussion with Anton:

2022

The 1inch network has 1.6 million users overall, 11.7 million deals, and five supported networks by the beginning of 2022, including Ethereum, Binance Smart Chain, Polygon, Optimistic Ethereum, and Arbitrum. The Ethereum Network had a total trading volume of $120 billion, ranking 1inch Network among the top 10 decentralized exchanges in terms of volume.

According to Cointelegraph, Anton will start with the DeFi Racer game in 2022 and concentrate on growing DeFi crypto assets before branching out into Web3 tools like GameFi, NFTs, play-to-earn, and the metaverse.

The company has introduced the 1inch Aggregation Protocol and the 1inch Limit Order Protocol on Avalanche and Gnosis Chain, formerly known as the xDai Chain, in an effort to increase its footprint in DeFi.

Latest news about Anton Bukov

• Consensys’ web3 initiative “Builder Nights Bangkok” successfully partnered with blockchain industry leaders to foster a thriving ecosystem. The event emphasized active discussions on crypto, web3, software development, crypto asset staking, and NFTs. Over 300 builders participated, fostering collaboration and innovation. The event highlighted the 4337 concept, decentralization, user empowerment, Layer 2 solutions, and mobile app adaptation.
• DCENTRAL is hosting the inaugural DCENTRAL Tokyo on September 19-20, 2023, in Shibuya, Tokyo. The event, focusing on Web3.0, blockchain technology, Metaverse, GameFi, NFTs, DeFi, DAOs, and more, will feature a line-up of distinguished speakers and a Web3 Art Fest and Exhibition. The two-day conference will feature curated keynotes, panel discussions, workshops, and networking opportunities. DCENTRAL Global Inc. is the world’s largest community-based multi-chain crypto and Web3 events facilitator.

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