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  • Cross-chain final battle

    prologue: Before discussing the topic of this article, we need to state that this article represents only the opinions and thoughts of the author. And the starting point of the analysis is product and technology design without capital operation, marketing and other considerations. Therefore, this article is not an investment proposal, nor a short-selling report. The main issues discussed in this issue are more infrastructure-oriented. These types of tracks are often atomic, and either meet the needs and take off very quickly, or go in the wrong direction and no one cares. Therefore,…

    2022-01-09 News
  • web3.0 world-class technological innovation was born

    web3 and blockchain web3 and blockchain Why do people love web3? First of all what is web3? Someone in the community gave the most concise definition of web3: Web1:read (readable) Web2: read+write (readable + writable) Web3: read+write+own (readable + writable + available) Although this is a simplified statement, it gets to the point. The important theme of web3 is about the data ownership of users, and the ownership of data ownership requires the help of blockchain, which can realize trustless, permissionless, and user-controlled. That’s why people can’t get around the blockchain when they…

    2022-01-09
  • NEAR’s sharding principle

    Sharding is one of the main ideas for the expansion of the layer1 blockchain project. Ethereum 2.0, Solana, Cosmos, Polkadot, and NEAR are networks based on the sharding system. In this article, we organize the sharding principles of the NEAR network as follows, hope You can use the simplest information to understand NEAR’s shards. Key elements: Sharding: NEAR scales horizontally and almost infinitely by distributing calculations across multiple parallelized shards. Consensus: NEAR uses the Nightshade algorithm to reach a consensus on the network operation nodes that constitute the shards. Cross-shard…

    LEARN 2022-01-07
  • Understand these and become a Web3.0 developer

    Want to build on web3? Nader Dabit points out the building blocks of the web3 technology stack in an introductory guide In the next chapter of “Building on web3,” Edge & Node developer relations engineer Nader Dabit explains the web3 stack and how developers conceptualize all aspects of building on web3. I transitioned to web3 in April 2021. Before that, I had been a traditional full-stack developer for about 10 years. While studying all these new technologies and ideas with great concentration, the first thing I want to know is “What is…

    LEARN 2022-01-07
  • A quick understanding of DAO and its eight categories

    What is DAO? DAO is usually considered to be a decentralized form of a company or entity organization. Although it is more business and practical to understand DAO from the level of company or entity organization, we need to make it clear that DAO is not a specific organizational entity, but a general organizational form. DAO’s management and operating rules are encoded on the blockchain in the form of smart contracts, so that it can operate autonomously without centralized control or third-party intervention. Through intelligent management methods and token economic…

    2021-12-27 LEARN
  • Truora: The oracle of the alliance chain

    Blockchain is a deterministic and closed system environment. Smart contracts must have consistent results no matter when and where they run. Therefore, the virtual machine (VM) cannot allow smart contracts to have network calls, otherwise the result is uncertain. Smart contracts cannot directly obtain real-world data outside the chain, resulting in the separation of the blockchain from the real world, and greatly restricting the application scenarios of the blockchain. The mechanism by which information outside the blockchain is written into the blockchain is generally called an oracle. How to connect…

    LEARN 2021-12-24
  • In addition to protocols, social media, media, and services, what other areas can DAO develop?

    What the Internet does for communication, DAO can also do for capital. The Internet and social networks have made it easier for like-minded people to communicate than ever before, regardless of geographic location. The emergence of digital native currency and finance has given birth to a new type of social network where like-minded individuals can not only communicate, but also coordinate around capital. Like their predecessors, these new networks are not restricted by geographic boundaries and can be formed on a large scale or span a few selected participants. The most optimistic…

    2021-12-24 LEARN
  • A general scheme for heterogeneous chain cross-chain

    Nowadays, public chains have their own magical powers, established an ecology, and have become islands. In order to realize the smooth use and circulation of assets, cross-chain has become a necessary business. We can see that in order to allow the transfer of assets between chains, there have been many cross-chain bridges, as well as cross-chain schemes, agreements, and so on. These projects generally come with a bridge and a swap function. Very interesting, this is the simplest function, but because of the huge and rapid development of business needs. Today…

    LEARN 2021-12-23
  • Take six popular chain games as examples to understand the common mechanisms of GameFi

    Axie Infinity Axie Infinity is a built on an Ethernet Square to the center of turn-based strategy on the block chain, initially as an Ethernet backbone Square, then migrate due to the high gas costs and delays to the self-built Ronin side chain. The main carrier is the web. The developer is Sky Mavis, Vietnam. It has experienced two rounds of seed financing, totaling 1.5 million US dollars. It will be selected as Ubisoft Venture Lab in June 2020. The gameplay is a traditional card battle. You can battle by collecting pets. There…

    LEARN 2021-12-22
  • Use these tools to build a DAO in 5 steps

    BanklessDAO core contributor Lucas Campbell published a paper on December 22, 2021, introducing how to use some tools to build a DAO in 5 steps. The public chain allows people to democratically coordinate values ​​through the Internet. All they need is a common mission. With such a broad definition, you can build DAOs for almost anything. We have seen DAO bid more than US$40 million for the US Constitution, collect Doge MEME for US$4 million, deal with climate change, purchase golf courses, fund public goods, and so on. The infinite design space of…

    LEARN 2021-12-22
  • What is the narrative value of DAO?

    If taken literally, DAO is “Decentralized Autonomous Organization”. Although its description is concrete, its meaning is abstract. A rising market pays more attention to narrative value, and actual value is often gradually tapped in one or more cycles. In this cycle, we have tracked many hotspots, from DeFi, public chain and NFT to Web3.0, GameFi and SocialFi, and more people have begun to pay attention to the construction of the Web3.0 ecosystem. Therefore, as a firm cornerstone in the Web3.0 world, “DAO” has also become the next hot spot for people to chase….

    LEARN 2021-12-21
  • Can decentralized storage protocols replace centralized cloud storage?

    After entering the Internet information age, data has become a valuable resource. As the network continues to generate massive amounts of data, the storage market has grown rapidly. According to IDC’s “Global Enterprise Infrastructure Quarterly Tracking Report: Buyers and Cloud Deployment” report, the global cloud storage market is expected to reach more than US$100 billion from 2020 to 2025. The current cloud storage market is mainly divided into two categories: Web 2.0 centralized storage solutions and Web 3.0 decentralized storage solutions. The centralized cloud storage solution is currently the mainstream…

    LEARN 2021-12-21
  • A panoramic overview of the Web3.0 ecology

    A16Z is a pioneer in the US crypto fund. It has systematically researched and laid out the entire overseas Cryto track earlier. Studying the report of A16Z has a certain value for us to understand the entire crypto market. There are relatively few articles on the Web3 system in the market. This article is relatively simple and easy to understand. As a basic introduction, it is suitable for readers who are interested in Web3 and can understand the concept of the entire Web3 ecology from a macro perspective. Preface We…

    LEARN 2021-12-18
  • An article to understand blockchain technology and the exploration of open financial systems

    Blockchain technology can reduce transaction costs, promote a decentralized platform, and generate distributed trust, creating a foundation for new business models. In the financial industry, blockchain technology promotes the rise of decentralized financial services, which may be more decentralized, innovative, interoperable, borderless and transparent. Decentralized financial services have the potential to reduce transaction costs, expand financial inclusion, promote open access, encourage permissionless innovation, and create new opportunities for entrepreneurs and innovators. In this article, we will evaluate the benefits of decentralized finance, analyze existing business models, and evaluate potential challenges…

    2021-12-18 LEARN
  • A detailed explanation of the DAO ecological panorama

    Since the beginning of October 2021, DAO’s TVL has increased by 90%. Messari researcher Roberto Talamas recently quoted DeepDao’s data on Twitter, saying that since August, DAO members have increased by 133% to more than 1.6 million entities, spanning 164 organizations. At present, the number of DAOs with 7 figures or more has increased by nearly 400%, from 12 to 58; DAOs with more than 100 members have increased from 41 to 71, an increase of 73%. This article mainly analyzes the current projects on the DAO ecology. They follow…

    2021-12-17
  • Understand the DAO ecology in one article

    What DAO We are familiar with DAO (Data Access Object), which is an object-oriented database interface. When discussing digital currency or blockchain in the industry, DAO has a new interpretation. They are “distributed autonomous organization” DAO (Distributed Autonomous Organization) and based on Ethernet Square DAO project name blocks chain; DAO (Distributed Autonomous Organization) is an organizational structure based on the block chain. The DAO mentioned later is just a project name based on the Ethereum blockchain. In order to distinguish these two DAOs, the second DAO is generally called “the…

    2021-12-17
  • What is Uniswap? The newest guide in history

    Uniswap is a mainstream distributed encrypted trading platform built on Ethereum. The vast majority of crypto asset transactions occur on centralized trading platforms such as Coinbase and Binance. These platforms are constrained by a single central institution (operational trading company), users need to deposit funds according to their requirements, and use the traditional order book system to facilitate transactions. Order order transactions are buying and selling orders presented in a form with their respective amounts. The volume of uncompleted buying and selling orders for an asset is called “market depth”. In order to…

    LEARN 2021-12-16
  • The “DAO” Way: When decentralized autonomy becomes the norm

    DAO- Decentralized Autonomous Organization. Short-term decentralized self-regulatory organizations are often used in the cryptocurrency space, but they are not always widely understood terms. What is DAO? What makes it so popular? How does DAO work? How will DAO evolve? Please see the breakdown below. About DAO Decentralized autonomous organizations, as the name suggests, are autonomous, and there is no decentralized organization of the central government. DAO’s rules are not managed by a small group of executives, but set in code and executed by the computer network running the software. This means that the rules are the same…

    LEARN 2021-12-15
  • Some people say that 2022 will be the first year of DAO

    Everyone will start or join in. Here is what we need to know. What is DAO? DAO is short for Decentralized Autonomous Organization. It is the web3 structure of a business or organization. Who can start a DAO? Anyone can start a DAO. It does not have a top-down hierarchy. It is inclusive and open, and everyone can participate. How does it work? The rules of DAO are all coded with smart contracts and open source. What the organization does is completely transparent. Decisions are made through grassroots voting by DAO members. DAO’s project In theory,…

    2021-12-15 LEARN
  • 5G Private Network + Blockchain: Building a “Cornerstone of Security and Trust” for Smart Government Affairs

    In the process of helping government informatization and achieving barrier-free government applications, smart government affairs have increasingly highlighted challenges such as sharing government affairs data and balancing security and efficiency. There are “data barriers” in the exchange of horizontal and vertical information, and government affairs coordination also lacks a certain trust foundation. Smart government affairs make full use of the high security of 5G private network data, and at the same time utilize the advantages of the non-tamperable storage method of blockchain technology, which can establish a trust foundation for…

    LEARN 2021-12-14