News

  • StarkNet Alpha: Ethereum’s strongest expansion path

    The ZK Rollup expansion solution StarkNet Alpha was launched on the Ethereum mainnet. This solution helps alleviate the current high fee usage environment of Ethereum . At present, several scaling solutions have been actually adopted, but ZK-Rollup (Zero-Knowledge Rollup) technology has always been regarded as the best solution for scaling solutions. Why? Ethereum Scalability Issues High gasfees have become a major problem for Ethereum , since transaction fees are paid in ETH, when asset prices rise, so does the cost of using the network, ETH has risen 460% this year, which means transaction costs in USD…

    2022-01-13 Ethereum News
  • Zou Chuanwei: Economic Analysis of Cross-chain Technology

    On December 28, the “2021 First Digital Finance Frontier Academic Conference” was successfully held online. The conference was hosted by Tsinghua SEM Digital Financial Assets Research Center and chaired by Professor Luo Mei, director of the center. Zou Chuanwei, chief economist of Wanxiang Blockchain and an invited researcher of the Digital Financial Assets Research Center, delivered a keynote speech entitled “Economic Analysis of Cross-chain Technology”. This article is organized according to the content of the speech. Cross-chain is an important direction for the development of blockchain technology, and it also involves complex economic…

    2022-01-13 News
  • Mobility in the Web 3 Era = Bandwidth in the Internet Era

    The Internet is changing at a tremendous rate. The vast network of data exchange known as the “Internet” is evolving into an increasingly complex ecosystem where direct value exchange in the form of tokens is possible. Web3 will revolutionize the economy, the way businesses operate, individuals work and organize, and products are delivered and consumed. This decentralized economy requires grid access and network access (just like the Internet). In addition, it requires blockchain access and, most importantly, liquidity. The goal of this article is to discuss how liquidity will become…

    2022-01-13 News
  • The promotion of digital renminbi accelerates banks and Internet giants to reignite the payment battle

    A QR code scans all scenarios, and it is more and more possible to realize the payment of the whole ecology with one App. The fierce red envelope war many years ago is now making a comeback with the accelerated promotion of the digital renminbi. On January 4, the digital RMB (pilot version) App was launched in major application markets, setting off a wave of experience craze. Shortly after its launch, the digital RMB app topped the free app download rankings in the Apple App Store. Within a few days, the…

    News 2022-01-13
  • Web3.0 is a gold mine or a bubble?

    “We’ve got a gold mine in Google’s backyard, so to speak.” More than ten years ago, when Internet companies in the Web 2.0 era represented by Google and Yahoo were in full swing, Spivak put forward the idea, “Google has too many daily affairs to deal with, which is our advantage. The final version of Web 3.0 is like the brain of the world, and every Internet user is a part of it.” Regarding what exactly Web3.0 is, no one can clearly define it at present, and it exists more…

    News 2022-01-13
  • How to maintain a high retention rate of contributors in the DAO

    Louis Albiverse proposed a framework called the “DAO Community Growth Cycle” in his recent article “Building a Tokenized Community”. He believes that if the DAO is to continue to grow, community leaders need to attract and recruit potential contributors and ultimately involve them. While this model is very insightful, I think this growth cycle needs one more step: retaining contributors. In fact, the current cryptocurrency market is 100% an employee market. The number of job opportunities far exceeds the number of talented people. How to attract high-quality talent to your DAO has become…

    News 2022-01-13
  • Competing for a new outlet? Executives of U.S. tech giants have “jumped” to the cryptocurrency industry

    The website of the Spanish newspaper Herald recently reported that, just like the Internet in the 1990s, the blockchain industry is currently experiencing a moment of full prosperity. Projects are no longer just promises, but are starting to become an increasingly accessible reality for all. Investing in cryptocurrencies has gone mainstream, NFTs have exploded, and big brands like Sarah Clothing or Nike are starting to create services for the Metaverse. Everything has become very serious. This is confirmed by the brain drain experienced by the big tech companies in Silicon…

    News 2022-01-13
  • The wave of infrastructure sweeps the prosperous blockchain ecosystem

    The two giants in the blockchain encryption market are BTC and ETH. As of January 12, the total market value of encrypted digital assets was US$20 trillion, of which BTC and ETH accounted for 40.2% and 19.2% of the total market value, respectively. That is to say, the two giants BTC and ETH occupy more than half of the market share in the market of 16,000+ digital assets. It can be seen that BTC and ETH are absolutely “first-in-command” and “second-in-command” in the blockchain world. s position. A , champion…

    2022-01-13 Bitcoin News
  • A New Perspective on Bitcoin Ecology: From Cornerstone to Bridge Future Projects Worth Attention

    Introduction 1. The 4-layer structure of Bitcoin (main chain, second layer, side chain, cross-chain) The main chain is mainly responsible for the value system of Bitcoin, especially carrying the decentralization and security of Bitcoin and the value orientation of Bitcoin community representatives. Layer 2, represented by the Lightning Network, focuses on expanding the Bitcoin payment experience. The part of the smart contract is mainly placed on the side chain. Finally, almost all other mainstream public chains use cross-chain bridges to introduce Bitcoin into their own ecosystems, and develop Bitcoin-related Defi…

    2022-01-13 Bitcoin News
  • State Bank of Pakistan and Federal Government have decided to ban all cryptocurrencies

    The State Bank of Pakistan and the federal government have decided to ban the use of all cryptocurrencies, according to a report submitted to the Sindh High Court (SHC) on Wednesday. The Sindh High Court (SHC) in Pakistan has been hearing cases related to digital currencies. Previously, the SHC asked the federal government to regulate cryptocurrencies within three months. The court directed the government to create a committee headed by the federal finance minister to determine the legal status of cryptocurrencies. The status of cryptocurrencies in Pakistan has been in limbo due…

    News 2022-01-13
  • Goldman Sachs Investment Banker Matt Levine: What are the core innovations of the next generation of cryptocurrencies?

    The only cryptocurrency I own is ExcelCoin. ExcelCoin is the next generation cryptocurrency, and its core innovation is that its ledger is not maintained by proof-of-work (which creates environmental problems) or proof-of-stake (which has its own problems), but by me. I maintain books in Microsoft Excel. Here is a copy of the ledger as of 9am today: Email me if you want to buy ExcelCoins; I will make a market with a bid of $0.99 / offer of $1.01, although this will of course change with market conditions. Of course, ExcelCoin started out as…

    2022-01-13
  • Why did US Congressmen propose a bill to ban the Fed from issuing CBDC?

    Representative Tom Emmer of the 6th District of Minnesota has proposed a bill targeting the U.S. central bank digital currency (CBDC) that prohibits the Federal Reserve from issuing digital assets. The administration official claimed that a CBDC could bring more disadvantages than benefits to U.S. citizens. On this basis, he argues that China’s digital currency “ignores the benefits and protection of cash”. China has been developing a CBDC for a few years, and is making steady progress, with a possible mass launch during the 2022 Beijing Winter Olympics . Tom Emmer believes that…

    2022-01-13
  • World Mobile hires former Vodafone mass segment head as new CMO

    World Mobile announces the hiring of Steve James as its new CMO. James brings new strength to the talented World Mobile team, a decision that marks a massive expansion of World Mobile. market and user base. Steve James was the head of the mass market segment for Vodafone (the multinational mobile phone operator). During his tenure, he led Vodafone to successfully transform its mass market positioning, paving the way for significant growth in revenue and active users. Micky Watkins, CEO of World Mobile, said: “Our goal has always been to achieve…

    News 2022-01-13
  • Ethereum “Layer 2 Scaling” Trends

    The concept of Layer 2 expansion has been around for a long time. It is a technical solution to improve and expand the transaction performance of the main chain of the blockchain. The core idea of ​​the second layer expansion is to take high-frequency and cumbersome transactions from the main chain of the blockchain to the off-chain as much as possible, and execute them in other systems off the chain to reduce the resource consumption on the main chain. Layer 2 scaling is easily confused with sidechains. The core difference between the…

    Ethereum News 2022-01-12
  • Six key interactions for DAOs to thrive

    We spend most of our time in teams and organizations. Anyone who’s ever led has spent dozens or even hundreds of hours wondering: How can I make it better? When challenges come, what allows us to do a great job together and adapt quickly? How can I keep the community happy and engaged? Historically, most advice about organization stems from looking at “good” teams and comparing them to “bad” teams. Naturally, this approach leads to generalizations of what successful teams look like, but not necessarily an understanding of why they are the way they…

    News 2022-01-12
  • WSJ: Turks Flock to Bitcoin and Tether to Escape the Collapsing Lira

    According to an article published today by the Wall Street Journal, cryptocurrencies are gaining popularity in Turkey and parts of the developing world, where the government’s economic policies have sparked a great deal of distrust. The Turkish lira has become so volatile that Turks have ditched the local currency for riskier assets: cryptocurrencies. While the lira plummeted against the U.S. dollar in the last quarter of 2021, cryptocurrency transactions using the lira averaged $1.8 billion per day on three exchanges, according to blockchain analytics firm Chainalysis. Those volumes are still modest compared…

    2022-01-12 News
  • Web3 is a decentralized “scam”?

    Web3 is not decentralized. While I think this is so obvious that it doesn’t even need an article to explain it, I was forced to because all of a sudden the big tech giants like Reddit, Twitter, and Discord decided to go all-in on NFTs (non-essentials). homogenized tokens) to achieve “decentralization”. Especially Reddit pissed me off. Around May 2020, Reddit launched a “community token” system on /r/FortniteBR and /r/CryptoCurrency, two subreddits I never visited. According to a now-deleted tweet from one Reddit developer, they plan to convert Reddit points into…

    News 2022-01-12
  • Terra 2021 Year in Review Report & 2022 Forecast

    2021 will be an unforgettable year for the entire crypto market. Coin98 recently produced a 2021 annual review series.  This article is Terra’s 2021 Annual Review Report. This report contains Terra’s most important events in 2021, key indicators for Terra in 2021, predictions for Terra in 2022, and more.  2021 Review Terra how it started In this installment, we’ll take a look back at how Terra started from January 2021.  1. Ecosystem overview Let’s take a look at LUNA – Terra’s native token in early 2021. With a market cap…

    2022-01-12 News
  • How GoldFinch, which just launched its governance token, won the favor of Coinbase/A16Z

    On January 12, DeFi lending protocol GoldFinch announced the launch of the protocol governance token GFI, which will be mainly used for community governance, endorser staking, audited staking and voting, and community donations. The total amount of GFI is 114,285,715, of which 4% have been retroactively airdropped to Senior Pool participants (as of the snapshot on December 14, a total of 5157 people), and 2.85% have been allocated to Flight Academy participants. The official also stated that at present, Senior Pool has started liquidity mining. Subsequently, Coinbase Pro announced the listing of…

    News 2022-01-12
  • Currency Stratification: Thoughts on Crypto, the U.S. Dollar, and Inflation

    The concept of layered currencies is nothing new, and Nik Bhatia summarizes his thoughts on the topic in his book Layered Money. Essentially, our monetary system is built on multiple layers of money, and our central bank has a margin that guarantees government liabilities to the public. In other words, central banks issue money on the premise that we can redeem our deposits when we need them, and trust in the central bank’s ability to store the value of our currency, keep it fungible and use it around the world, and use…

    2022-01-12