News

  • Web3 underlying infrastructure? Briefly analyze the reason for the interruption of CloudFlare service yesterday

    Cloudflare is a CDN and security services company listed in 2019, but on June 21, 2022 (Tuesday), its services were temporarily interrupted, affecting a large number of services and the normal operation of the platform. Including FTX, Discord, Omegle, DoorDash and many more. In this article, I will talk about what CloudFlare is, what company it is, the origin of CloudFlare and Web3, and technically explain the cause of this failure. Structure of this paper 1. Event background   What happened at the end of June 2022 (this Tuesday)? 2. What…

    2022-06-22 News
  • those BUIDLs that left the factory for Web3

    With more and more evangelists, explorers and experimental products, Web3 is moving from a vague concept to concrete. On the one hand, Web3’s infrastructure and market education have become more and more complete, and coupled with its attractive wealth effect, Web3 products such as StepN and Boring Ape have temporarily attracted a large number of users’ interest and attention; on the other hand, nearly 10 billion US dollars of venture capital Gold poured into the field of Web3, and giant companies such as Facebook and Google also followed one after…

    News 2022-06-22
  • Looking back at the beginning and end of the encrypted Lehman moment: what pulled the trigger of the serial liquidation?

    Celsius and the Three Arrows Crisis: The Lehman Moment Last week, the panic continued to spread in the market, one of the reasons was that Three Arrows Capital (3AC), one of the most active and influential VCs in the industry, was facing liquidation. 3AC is one of the largest customers of global lending, and it borrows large amounts of funds from major CeFi platforms (such as BlockFi, Genesis, Nexo, Celsius), of which Celsius is 3AC’s largest creditor. If the 3AC does collapse, the institutions that lend to the 3AC will take huge…

    2022-06-22
  • This article discusses the design of next-generation stablecoins

    impossible triangulation The Impossible Triangle has a restrictive effect on the credit currency system of sovereign countries, and it has been proven in practice. Stablecoins also have the impossible triangle and are restricted by it. Therefore, before discussing the design of the next generation of stablecoins, we need to understand the impossible triangle and establish a connection with stablecoins, so as to grasp the key to the design of stablecoins . What is the Impossible Triangle The impossible triangle was independently proposed by Mundell and Fleming between 1960 and 1963, and has been…

    2022-06-22 News
  • Arbitrum Odyssey officially launched: How to participate quickly and efficiently?

    At 1:00 on June 22, Beijing time, Arbitrum, the Ethereum expansion plan, officially launched The Arbitrum Odyssey event. During the 8-week event, users will learn about some of the top dapps currently on Arbitrum by performing on-chain tasks. While participating in the event, users can: Support for promising scaling solutions Build personal L2 skills Collect iconic NFTs May be eligible for the Arbitrum token airdrop The Arbitrum Odyssey is an ecological experience reward program organized by the Ethereum extension program Arbitrum. Users interact with the Arbitrum ecological protocol voted by the reward…

    2022-06-22
  • Wyvern: 1st-Order Decentralized Exchange Protocol

    Wyvern is a Tier 1 decentralized exchange protocol. Compared with other protocols, such as Etherdelta, 0x and Dexy, they are of order 0, that is, each order specifies the transaction of two decentralized assets. And Wyvern changes the order to a predicate that specifies a state transition, that is, defines the order as a function that maps the manufacturer’s call, the counterparty’s call, and the order unit data to Boolean values. Any asset or any combination of assets representable on Ethereum can be exchanged through Wyvern orders. In this way, any commands…

    News 2022-06-22
  • Fake Wallet Panoramic Tracking: Deeply Revealing the Fake Wallet Fishing Industry Chain

    foreword Xiao A recently received a text message about the exchange’s activity, so Xiao A entered “xx wallet official” in the browser, clicked on the link at the top, downloaded the App – created a wallet – transferred assets, and completed it in one go. After a while, Xiao A received a notification that the transfer was successful, and the balance in his wallet app – ERC20-USDT worth 10 million US dollars – was reduced to zero. Little A realized later that this app was fake and downloaded it to the fishing…

    2022-06-22 News
  • What do you think of Ethereum’s “Rollup-centric” future?

    Rollups solutions must prioritize reduced execution costs, cross-layer interoperability, and user privacy. key takeaways To alleviate current scalability issues, Ethereum is moving towards a “Rollup-centric roadmap” that combines the best on-chain and off-chain scaling solutions. Ethereum’s on-chain scaling solution, danksharding, provides ample data space for the vigorous development of L2 (Layer 2) scaling solutions such as Optimistic Rollups and ZK-Rollups. Both Optimistic Rollups and ZK-Rollups have their drawbacks: most Optimistic Rollups have long withdrawal waiting periods between tiers; while ZK-Rollups tend to be computationally intensive and cannot provide seamless composability….

    2022-06-22 News
  • 50 Projects 7 Major Sections Quick View Gitcoin Donation Web3 Social Ecological Wheel

    The Web3 social track is booming, with 50 selected projects from 7 sectors including social communication, social network, DID, reputation, and creator economy. Written by: Mask Network Gitcoin , an open source software and community donation platform , has launched its 14th round of donation activities from June 8 to 23. Users can use the platform to fund outstanding open source software teams. Mask Network is very excited to host the first ever Web3 Social Ecosystem donation event with a $50,000 bounty. After several rounds of review, 50 projects were…

    News 2022-06-22
  • Crypto Pragmatist founder: Crypto governance has failed

    In the early days of this bear market, I spoke to a crypto protocol expert who became a good friend of mine. At the time he looked tired and pessimistic, eager to vent his concerns about the state of the industry. In addition to predicting Luna’s debacle months in advance, he had some ideas I hadn’t really thought about before; most of them had to do with cryptocurrency governance. The concept he came up with was that we treat a cryptographic structure as a behemoth that is actually only as…

    2022-06-22
  • After the era of PLAY TO EARN ends, blockchain games will bring real changes to the game industry

    Research summary With a large number of venture capital pouring into the blockchain game track and a large number of entrepreneurs devoting themselves to creating blockchain games, we are glad that the industry has received widespread attention, but also see more and more chaos. But the early stage of each industry change must be accompanied by a large number of bubbles, and the founders who can truly grasp the core of the industry change in this bubble have the opportunity to create real value. What is the core innovation of…

    News 2022-06-22
  • USDC is chasing USDT, the market pattern of stablecoins is quietly changing

    In the past two months, all the signs in the crypto market have damaged investor confidence: the collapse of the Terra stablecoin UST, the run on the cryptocurrency lending platform Celsius, the crypto hedge fund Three Arrows Capital is facing a crisis, and so on. As the prices of various Tokens plummet, cryptocurrencies are entering a new round of cold winter. Under the general bearish sentiment, in order to avoid losses, investors are more willing to convert part of their gains in the bull market into stablecoins to survive this difficult crypto bear market. At this time, the two…

    2022-06-22
  • Web3.0 Revolution and the Road of Development with Chinese Characteristics

    The era of Web1.0 has become a thing of the past with the continuous development of mobile communication technology, and the era of Web2.0 is also being divided up by a number of Internet giants, and the traffic and market are gradually drying up. Whether it is based on the need for information technology upgrades or to save the global economy that has been plagued by the epidemic and continues to slump, the capital, market and technology fields urgently need an industrial revolution to inject new momentum into economic growth….

    2022-06-22 News
  • Who was selling bitcoin when the crypto market crashed?

    Miners, Bitcoin spot ETFs are all selling Bitcoin when the market is down. In just three days last week, Bitcoin (BTC) investors experienced their largest ever real loss (transaction realized loss), according to data from Glassnode, a blockchain data analysis service. Selling BTC led to investor losses $7.3 billion. On June 18, the price of BTC hit a new low of $17,700 for the year, which is also the first time it has fallen below $20,000 since 2020. So, who sold BTC in the downside of the crypto asset market? On…

    Bitcoin News 2022-06-22
  • The Hitchhiker ‘s Guide to Ethereum (Part 2)

    Part 1: The Road to Danksharding Part II – History and State Management Here’s a quick review of some basics: History – everything that has happened on the chain. History doesn’t need quick access, you can put it on a hard drive. In the long run, history is 1 of N honest assumptions. Status – A snapshot of all current account balances, smart contracts, etc. Full nodes (currently) all need to have state in order to validate transactions. State is too big for RAM, and hard drives are too slow (state is put in…

    2022-06-22 News
  • Indian Web3 “Great Leap Forward”

    Compared to Japan, India appears more likely to be the “dominant” of Web3, known as the next-generation Internet. This month, two “heavy players” in the capital market expressed their preference for India. On June 14, Sequoia launched a venture fund of about 2 billion US dollars in India, which immediately refreshed the record of Sequoia’s annual investment scale in India. It is reported that some of the funds will be used to expand investment in the Web3 field; On March 19), Binance executive Tigran, who has invested heavily in Web3, revealed…

    2022-06-22
  • Detailed explanation of three mainstream cross-chain technical solutions

    With the vigorous development of blockchain technology, a large number of blockchain projects have emerged, and blockchain networks with different characteristics and different application scenarios have been formed. The increasingly rich combination of technology stacks supports the vigorous ecology of the blockchain, but it also causes heterogeneity between different projects, making it difficult for the transaction data and economic value it carries to flow freely within the ecosystem . The chain has gradually become the rigid demand of the industry . The so-called cross-chain refers to the realization of secure information exchange and…

    News 2022-06-22
  • Crypto-collateralization and lending crises occur frequently, and the global regulatory “storm” is coming

    The collapse of Terra (LUNA) and stablecoin Terrausd (UST) in early May, and the crisis of crypto lending platforms have spread to the entire crypto market, with Bitcoin falling below $20,000 for the first time since 2020 this weekend, and the total market capitalization of cryptocurrencies since April It has shrunk by more than $1 trillion since the middle of the year. Encryption industry players are in a turmoil, and global policymakers such as the United States and the European Union have once again put the urgency of regulation on the…

    News 2022-06-21
  • 1 out of 5 young Koreans is buying bitcoin. “Middle-aged people don’t let us speculate in real estate?”

    I may never be able to buy a house without taking the risk. Bitcoin plummeted, and perhaps the most painful are the young Koreans. Since hitting a record high price of $68,928.9 per piece in November 2021, Bitcoin has entered a volatile downward channel and has fallen by more than 70% so far. In particular, the recent interest rate hike by the Federal Reserve has aggravated investors’ concerns about a recession, and the price decline of many cryptocurrencies in the market has intensified. On June 18, Bitcoin once fell below $18,000…

    News 2022-06-21
  • Exploration of the scalability of blockchain TPS: Why does BBP technology bring about excellent performance changes?

    Blockchain is an operating system-like infrastructure in the Metaverse and web3 world, and its performance determines the future development of the digital economy. At this stage, the blockchain generally has the problem of weak transaction data processing ability. This makes the performance of Bitcoin and Ethereum unable to compete with centralized systems, which fundamentally restricts the development of many applications on the blockchain. Therefore, it is urgent to enhance the scalability of the blockchain, that is, to achieve higher transaction data processing speed (TPS). Invisible Block Propagation BBP Technology Focusing…

    2022-06-21