As for EOS, you need to know that this is enough after reading.

EOSIO is the first ever company to get the most public funding ($4 billion).

 As for EOS, you need to know that this is enough after reading.

The figure shows the proportion of EOSIO in all the total fund-raising projects.

Looking at this picture, you can draw an important conclusion: the total amount of fundraising for all other star raising projects is only EOSIO 1/4. EOSIO is a revolutionary project worthy of the name. EOS raised second of the fund’s 93%. Not only that, the total number of fundraising projects that Wikipedia has collected in the past 171 projects is still less than 65% of EOS’s total.

Professional terminology often prevents ordinary readers from understanding the important issues of encrypted currencies and block chains. This article will introduce these technical words to you with the simplest and comprehensible text, so that the encryption money lovers will get a deeper understanding of EOS and understand this latest technology and its leading role.


The most powerful decentralized application of the underlying platform

The EOSIO system is developed by Dan Larimer. In brief, EOS is a de centralized platform to help developers create centralization applications. These applications can carry large scale users online at the same time, fast and free.

 As for EOS, you need to know that this is enough after reading.

What does EOS provide for the world?

The goal of EOS is to build a secure and transparent system that can be used for the management of local and cross-border currency transactions and provide a new option for the current banking system.

Moreover, the EOS system can also be used for online elections and voting. The block chain technology ensures the credibility of the process and prevents the operation of the black box. At the same time, EOS hopes to create a global electronic identity recognition system to support cross-border travel and the affirming of different types of assets.

EOS is very similar to Ethernet, but it overcomes the shortcomings of Ethernet. EOS has the opportunity to gradually become the “world computer” and become the “Web 3” infrastructure.

From the perspective of market size, shortly after the EOSIO main network was launched, EOS rushed to the top ten of the total market capitalization of the encrypted currency.

It is particularly important to emphasize that the two major characteristics of EOS have changed the whole market in a disruptive way.

EOS transaction is free! EOS currently handles millions of transactions per second.

Simple and easy to understand account! Unlike other encrypted currencies, EOS can transfer directly to your wallet address without complex replication and paste. These addresses are also very easy to understand and remember.

Advantages of EOS block chain

 As for EOS, you need to know that this is enough after reading.

Developers can use multiple programming languages to write intelligent contracts, such as Python, JavaScript, net and GO.

parallel processing

Based on the high performance in distribution and parallel processing, EOS platform can deal with transactions quickly and has unlimited scalability. So far, other currencies in this area can not be achieved.


Parallel processing and multithreading technology existed as early as 1990s. However, there is no application of block chain system. EOS is developing this technology and is expected to be configured in the next few months.

The main reason for the delay in configuring multithreading and parallel processing is that the EOS development team chooses to prioritize the core system to improve the TPS of the main chain as much as possible. Although this development task is necessary, there is no need for haste. At present, no other public chains are trading faster than EOS, which can be verified by querying

Low latency

In order to make the decentralized application (dApps) run smoothly, EOS is working hard at low latency.

Ideal de centralized operation system

The EOS operation system adopts the “DPoS” proxy interest proof consensus algorithm. All users have the right to vote and participate in important decisions in the EOS network. This is different from the block chain that uses the “POW” workload proof consensus algorithm and the “POS” proof of interest consensus algorithm. The latter two algorithms only have the decision-making power of those who have strong computing power or shares.

DPoS, a new consensus algorithm designed by Daniel Larimar, is a proof of interest algorithm for proxy rights.

Free transaction

Based on DPoS algorithm, developers can run their applications by means of EOS. In particular, the resources needed to develop and apply will not spend the EOS you have mortgaged. With only one ownership certificate, you can use EOS network resources. In addition, developers can also exchange EOS network resources.

EOSIO block chain is the longest block chain up to now, and now there are more than 50 trillion and 412 billion 674 million blocks.

“EOSIO is the first block chain network to achieve zero carbon emissions.”

Self sufficiency and Sustainability

Under the existing model, the EOS main network token is increased by 5% annually, and the additional token will be used for the sustainable development of the network. (other block chains often do not have sustainable, sufficient and fair systems to ensure the continued supply of development funds. At present, most of the development funds of other chains come from Yudu independent entities, which will trigger disputes between investors and developers in terms of spending and development. )

Who is the EOS node?

EOS does not have the mining mode of bitcoin and Ethernet, because this mode is unfair, meaningless, and high power consumption. What is different from everyone’s thinking is that mining is not used to enhance the safety of the network. The concept of mining was initially put forward to solve the problem of equitable distribution. It follows the reality of gold mining mode. Gold is rich in resources at the early stage of exploitation. With the increase in exploitation, gold is becoming more and more scarce. But bitcoin mining and gold mining are different, who has more money or more advanced technology, who can dig more bitcoins. The uneven distribution of gold limits the ability to exploit gold in advanced technology. Therefore, in the mining mode of bitcoin or Ethernet, resources have not been allocated fairly.

Finally, under the PoW mechanism, miners did not provide valuable services to the network. Miners spend money on equipment to mine, sell digital money earned from mining, and pay high electricity bills, which hinders their investment in maintaining the Internet. Therefore, the DPOS mechanism was born. Based on the DPOS mechanism, token holders can vote for members who really contribute to the network, and members of the community will be rewarded accordingly. This is a revolution. This mode will inspire developers to use their own experience to develop on EOS and provide services for the network, which is not realized by other block chain networks. By looking at the block browser “”, you will come to the conclusion that EOS is a unique and perfect design. Many of its features are not available in other block chain networks. This product is actually an independent developer, developed without the support of the company and organization, without any reward.

Not only that, there are a lot of wallets based on mobile terminals, PC terminals and web pages developed on EOS, which are more than any other token. There are 11 block browsers specially developed for EOS, and more than 9 network data analysis tools, more than 20 de centralized trading platforms, different tools and sites for developers to provide guidance and training, and more than 30 Youtube channels continue to pay close attention to EOS. All the features mentioned above come from the concept of “URI”, which promotes the competition among nodes to win votes, thus continuously providing services for the EOS network.

What is voting on EOS?

The EOS network uses the “DPoS” proxy interest proof consensus algorithm. So everything in EOS is similar to a democratic system in governance. In this system, decisions are made by voting, not by individual decisions.

How is the voting process done?

The EOS token holders can vote, and the voting process is recorded on the block chain network, which avoids the suspicion of fraudulent or dark box operations.

What is the vote for?

The vote is mainly to vote on important decisions of the EOS main network, such as the node for the main network of EOS. Nodes are like congressmen, representing all voters. One of the most prominent features of EOS is that it allows voters to change their votes at any time, which prevents nodes from making decisions that are inconsistent with the interests of voters and future views. The innovative design of EOS at this point ensures the validity and credibility of the voting of token holders.

Criticism: some people criticized the voting system of EOS because the voting weight was related to the amount of money held, not related to the number of holders. In this regard, our view is: the number of voters should not be the most important factor in public property. EOS network is a token resource. It is not a country composed of land, population and citizens. Or rather, it is more like a company. Decisions should be made by those who have the largest share of the stock, not employees or small investors. Those who have a large share of equity must be more concerned about the development of this platform than those with less shares. Small investors do not pay much attention to the development of the Internet and pay more attention to selling at high prices.

Can we vote on other things?

Yes, anyone who owns a EOS account can create a referendum on topics that he or she cares about, and vote based on block chain is highly credible and reliable.

Who is the agent?

The agent is a new layer in the voting system, which simplifies the voting procedure of the EOS token holders. Money holders do not need to keep a close eye on what the nodes do, nor do they need to investigate their credibility and specific network services.

Money holders can vote for proxy. Proxy can vote on behalf of them, select the most efficient block producers, and cancel voting when efficiency drops.

To sum up, the goal of EOS is to integrate the cutting-edge technology with the most efficient governance model and build a fast and unlimited platform to provide an available tool for real business needs.

How does EOS work?

EOS is somewhat similar to Ethernet in supporting dApps development, but EOS is much better than Ethernet in terms of transaction throughput per second. EOS’s TPS can reach up to 50000, but it can still be higher, but so far it is not needed. EOS has unlimited expansibility. Even before parallel processing and multi thread updating are implemented, EOS’s high performance performance has already surpassed any other block chain network.

EOS uses a “ownership mode”, and token holders have network resources equal to their tokens. For example, if you have 1 EOS, you have 1/1000000000 “NET, CPU” resources (because the total EOS token is 1 billion). By pledging EOS, you can get the free use of network resources without having to pay for it every time you use it. Not only that, this mode helps users maintain the share of money, but also can attract a large number of new users to join the network by creating “free value-added mode” applications.

EOS is highly flexible. It allows users to rent network resources or entrust them to other developers. These developers can use these resources to invest in dApps development.

“EOS REX” EOS resource exchange

 As for EOS, you need to know that this is enough after reading.

The creation of this platform is mainly for CPU (NET), which provides dApps developers with a simple and quick way to access network resources, and also provides users with resources leasing.

The EOS ownership model emphasizes user ownership of the network, not just paying for it. Ownership belongs to others. This has greatly enhanced the intrinsic value of EOS.

Characteristics of EOS

User accounts have a complete authentication and identification system, plus multiple levels of authority. These permissions can set permissions for other people or applications, and in the case of stolen accounts, you can also find recovery functions in the program.

EOS is developing additional functions of server hosting and cloud storage, which will help developers directly deploy and upload products directly through the EOS system.

EOS main network single chain can handle 1 million transactions per second, when the multi chain is connected to the main chain, the processing capacity it carries will be infinite.

When using EOS, there is no need for frequent micro payment (such as user sending messages or executing items on blocks). Instead, the developers can customize transaction fees in their dApp.

Based on the EOS governance and management model, the EOS developer community can carry out application development and repair bug in a safe and effective way. The operation of the model depends on the nodes. They can verify transactions during the downtime and then authorize the agreement until the main network is confirmed.

EOS has excellent performance because the design of blocks can be adjusted according to the volume of input.

EOS’s ICO has been in operation for over a year, based on the number of ETH imported into the ICO wallet.

About 2 million tokens are distributed to shareholders every day.

Who is behind EOS?

Seeing here, we must wonder who is the big God behind EOS. All these advantages and characteristics that EOS presents are unmatched by any other chain. It is important that we understand who has planted the first seed for this project and how all these successes have been achieved.

 As for EOS, you need to know that this is enough after reading.

Daniel Larimer, one of the early participants in encrypting digital money, is rich in block chain architecture and development experience. In the Bitcointalk forum, he and Bitcoin have discussed many times about the scalability of Bitcoin and the ability to deal with large transactions when they are widely used.

He has developed 3 highly influential and successful block chain projects: Bitshares, Steem and EOS.’s Bitshares launched in 2014, which is his first project. Bitshare is highly sought after because of its fast processing speed and the establishment of the first large-scale distributed trading platform.

He also developed a technology called graphene. The construction of this technology is very “talented”. Many block chain networks are later built on “graphene”, and “graphene” has become the fastest block chain technology ever.

As we mentioned above, he developed the DPOS algorithm. At present, many other block chains are using this algorithm, including TRON, Tezos, Nano, Lisk, ICX and so on.

Dan did not stop. In early 2016, he founded Steem. Steem is a block chain platform. Users can benefit from writing good articles. Just like mining, the author’s creative content is rewarded and rewarded. This is a quite successful platform, which has gathered a large number of users. This is the first significant application of block chaining technology. Now millions of users are using Steem to publish good articles to earn revenue.

Personally, Dan began to develop at a very young age, and his interest in global economy made him understand. This stimulated his development of EOS. He was also interested in philosophy, especially in “game theory”, and made many valuable contributions. You can find many good articles on his Steemit and Medium.

Last but not least, EOS, the theme of this article, is his third project. EOS received great media attention before it was released. EOS is created by Block.One and responsible for code development. The team gained substantial investments from famous investors in the early days, including Mike Novogratz. The success of EOS comes from the operation of Block One team. They have rich experience and insights into the field of block chain application. Without doubt, this team has gathered the best consultants, investors and developers in the world.

Block.One & EOS

 As for EOS, you need to know that this is enough after reading.

Everything we discuss here comes from Block.One, which laid the foundation for EOS. In 2017, B1 released EOS without having to speculate that B1’s CTO is behind all these very creative ideas: Daniel Larimer. It is important to emphasize that the EOSIO platform is not managed by Block.One, but by 121 nodes. helps the community develop the eosio system through rewards. It is not the only entity responsible for development, and has a large number of node support.

 As for EOS, you need to know that this is enough after reading.

Here is an excellent entrepreneur Brandon Blumer, who is CEO of Block.One. Brandon has rich experience in the technology industry, and is a very early Bitcoin and ETH miner. Brandon’s first venture was to sell virtual assets in MMORPGs at the age of 15. His first company, GaMeCLiFF, was sold to Internet Gaming Entertainment (now the IMI exchange). In 2005, IGE sent him to Hongkong for further studies. In IGE, Brandon has brought a very high income to the Department — $5 million / year business. Two years after IGE, Brendan launched a new project,, the world’s largest selling website for game accounts. In 3 months, the company earned more than 1 million dollars. In 2010, Brendan founded in Hongkong to develop real estate software for real estate agents. The internal software platform combines the customized CRM and property database to provide a fully mobile virtual office for real estate agents in Asia.

 As for EOS, you need to know that this is enough after reading.

Peter Thiel, the first investor in Silicon Valley, invested in Google and created Paypal with Elon Musk. In the field of encrypted money, he only invested in Bitcoin and

 As for EOS, you need to know that this is enough after reading.

Rob Jesudason

It is noteworthy that Rob Jesudason, the chief financial officer of Commonwealth Bank, has also joined Block.One, which is mainly responsible for monitoring whether the projects comply with international economic laws, regulations and other banking requirements.

The deficiency of EOS?


The account is free, but if you want to create an account, you need to buy a certain amount of RAM before you can use the network registration. The cost is not high, that is, 1 dollars. However, this will soon be completely resolved. Parallel processing updates can be implemented through vRam free of charge.


The operation is all free, but! If you perform the operation, you need to allocate a certain amount of EOS token to configure the network bandwidth and resources (NET/CPU), which is also a little expensive. Even if you do very little operation, you need to allocate more than 1 EOS, which is very inconvenient for some people. After parallel processing updates and multi thread updates, vCPU and vNET will completely solve this problem.


Daily dosage limit. If you use it today, you will have to use it in 24 hours. However, this helps to keep the network flexible and avoid garbage network.


From ICO to the main network, one of the goals of EOS is to provide an arbitration agency to sue, recover stolen wallet and tokens, and freeze stolen accounts, which is ECAF. However, there are deficiencies in the organization and appointment of personnel. At present, the ECAF has been closed, but there is no complete solution to the problem. At present, the parties are conducting a dialogue, hoping that a solution can be found as soon as possible.


The delay in the main network has caused many people to feel dissatisfied. But they do not know that voting is not more than 15%, which is unable to start the network. This is also a reason for the delay. In addition, web publishing is also centralization, which means that no entity is running behind the scenes, resulting in several networks going online at the same time, but most people will only adopt one of them.


EOS network centralization! Many people question EOS as a central block chain, because it relies on the 21-121 nodes that are all over the world. In fact, BP is very similar to the ore pools of Bitcoin and ETH, which serve the entire network because of their high mining capacity. Similarly, BP was elected by EOS holders through voting, and could change at any time. For the whole network, BP is safer than those miners whose personal interests are higher than the overall interests. At the same time, Bitcoin and ETH’s super large ore pool with powerful computing power is only 7, while EOS has 21 super nodes and 121 spare nodes. So which is more centralized?


At present, there are more than 350 dApp based on EOS. Among them, one of the most notable projects is Everipedia, a Wikipedia like platform (co founder Larry Sanger is the co founder of Wikipedia), but it releases entries on EOS platform. By using block chaining technology, information can be freely spread, enhance credibility and prevent duplication.

 As for EOS, you need to know that this is enough after reading.

What will the future of EOS look like?

EOS has accumulated sufficient funds in the crowd raising stage, which enables it to use the world’s best resources to support the development of the system. It has high hopes that EOS will become the future currency platform, “ICOs”, application development, de centralized trading platform and unparalleled social networking platform, especially its scalability has attracted many investors.


We believe that EOS is the most disruptive project in the application of centralization, and it will change the rules of market operation. Behind Block.One: EOS is a team with keen insight, rich experience and strong belief in technology. The growth of the encrypted money market may drive the tokens of lack of core development and innovation capability, but only the truly innovative technology projects and teams with active and sustainable development capabilities can survive.

The article is originally contained in EOS ARABIA.

Silent fire has translated the whole text into Chinese.

Original link:

 As for EOS, you need to know that this is enough after reading.

TokenGazer “one question to the end” forty-fifth issue: researcher vs Reserve

Contents of activities: block chain research and Research Institute TokenGazer community activities, “one question to the end” forty-fifth phase — researcher vs Reserve will be formally held at 10:00 on June 3rd, and the guest is invited to be Reserve project. Researchers and community members will then play a deep game with the project team to explore the true value of the project.

Sponsor: block chain Research Institute TokenGazer

Location: block chain Research Institute TokenGazer community

Activity time: Monday, June 3, 2019, 10:00-11:00

Ways of participation:

Scan the poster 2D code, add TokenGazer little assistant, remark “ask the end” into the group.

Disney not only wanted to buy Bitstamp, but also made money.

 Disney not only wanted to buy Bitstamp, but also made money. Disney, who is rich in money, may have two encryption currency trading platforms, including Bitstamp, an old European exchange.

[deep chain originality]

Not bright

 Disney not only wanted to buy Bitstamp, but also made money.

Disney may have two big exchanges.

Along with a big line, bitcoin is close to $9000, and the encrypted currency world has become a hunting ground for traditional capital predators. Morgan chase, Facebook, Starbucks and other giants are interested in playing new players, and entertainment giant Walt Disney seems to be joining the war.

 Disney not only wanted to buy Bitstamp, but also made money.

Disney is usually regarded as a movie and entertainment operation company, but it is also the largest entertainment financial group in the world. It consists of 613 companies, including ABC, Lucasfilm, ESPN Inc and Fox Film Co in twentieth Century. In 2018, Disney, who was very wealthy, bought Fawkes group for $71 billion 300 million and rewrote the structure of the Hollywood film company.

In addition, Disney also engaged in venture capital and participated in investing in GoPro, Baynote, GameSalad, Photobucket, MediaBank and other Silicon Valley star enterprises.

At present, Disney has a total market value of more than 200 billion dollars, according to the latest report, Disney’s first quarter revenue was $14 billion 922 million, net profit of $5 billion 452 million, an increase of 85% over the same period last year.

According to South Korean media, the Korean Herald reported that Disney could buy Korea’s largest game developer and Nexon 98.6%, the world’s second largest online game publisher, at a price of 13 billion 200 million US dollars, and become the owner of the European encryption exchange Bitstamp and the Korean Korbit.

Nexon 47% shares were held by NXC. At the end of 2018, NXMH, NXC’s investment company, bought the European digital currency exchange Bitstamp for about 400 million US dollars.

Bitstamp, headquartered in Luxemburg, was founded in 2011. It is one of the few enterprises in the world that has obtained BitLicense certification from the US. It can provide services to users in New York.

Although other companies are competing for acquisitions, including Tencent and Korean social software giant Kakao, NXC boss Jin Zhengzhou seems to have decided to sell to Disney. According to media reports, Jin Zhengzhou has taken the initiative to contact Disney for a takeover.

“What Disney most envied me is that they will not force their children to pay their money… Consumers will be happy to pay the cost to Disney. In contrast, Nexon has a long way to go. Some people hate Nexon, and even hope Nexon dies. “

Because there is no connection between the cipher currency exchange and Disney’s core business, many people think Bitstamp and Korbit may be stripped off after completing the acquisition of the Nexon.

Alexey Pospehov, the director of Mission & R, who is appointed to deal with the exchange business, does not see this. “On the one hand, it is an attempt to buy high-quality assets; on the other hand, it has the opportunity to be recognized in the legal field and continue to use the encrypted currency in the entertainment industry”.

In his view, Bitstamp, which focuses on legal compliance, is such a quality company.

 Disney not only wanted to buy Bitstamp, but also made money.

Disney also issued currency financing.

This is not the first time that Disney has had intimate contact with the encrypted currency.

In 2014, the first block chain wedding took place in Disney Park, Florida. A couple of new David Mondrus and Joyce Bayo recorded their wedding vows on the block chain, omitting the role of religion and government officials.

Also in 2014, Disney began to secretly hatch a block chain project in Seattle office, dragon chain Dragonchain.

The dragon chain was officially released in 2015. The main purpose is to help companies and enterprises implement distributed registration management in their businesses, such as tracking inventory, activity attendance and line congestion in theme parks.

In 2016, the dragon chain officially went out of Disney’s independence and raised about $13 million 700 thousand through lCO in 2017.

Dragonchain compares its development with Hyperledger Fabric, Ethereum and R3 Corda block chains on its website. Compared with them, Disney products have hybrid structure, fast transaction and compatibility with different distributed registries.

But at present, not many companies are interested in this product. The main partner of the dragon chain today is Centricity, an agricultural company. According to the requirements of GDPR, it uses Dragonchain to verify the data of various farmers.

In addition, M2030, a humanitarian organization in Singapore aimed at overcoming malaria, used dragon dragons to record donations and their intended uses.

Worse than the application is the currency price. In January 9, 2018, the DRGN currency price reached $5.46, and then fell sharply. Even if bitcoin was in the Mavericks, the DRGN currency price fell by 98.5% compared with the highest point, and the current price is only 0.08 dollars.

 Disney not only wanted to buy Bitstamp, but also made money.

In addition to having made coins, Disney has also participated in the block chain project of investing in the film and television industry chain.

OTOY is a 3D based image rendering company based on cloud rendering. Its rendering technology, such as Transformers and Western world, has won strategic investment of $300 million such as Disney and HBO. It has an absolutely leading position in 3D rendering.

Today, OTOY also blocks chaining, developing distributed GPU rendering business on the block chain, and Issuing the encrypted currency RNDR, which is used to motivate and compensate participants in the rendering network.

In the future, whether Disney will carry out more layout on the block chain will wait and see.

Note: This article is deep chain technology originality. Unauthorized transfer is prohibited.

Four times a week, BSV is skyrocketing.

BSV has surged four times in a week. Many small partners simply beat the thighs: not getting on the car or emptiness… What is the matter with BSV? Let’s talk about it today: four times a week, what is the BSV boom?

First, how did BSV come from?

BSV is the fork currency of BCH. Why is it bifurcated? The main reason lies in the split of BCH community. Last year, the BCH community split up, mainly divided into two camps:

A camp is a reformist, and the Bitcoin ABC community led by bit continent hopes that when the block size is maintained at 32MB, BCH should be allowed to develop towards the infrastructure chain. In this way, BCH can open up more application scenarios just like Ethernet.

Another camp is the conservative, the CSW led Bitcoin SV community camp hopes that BCH will still strictly restrict the operation code, focus on the transfer transaction itself, and hope to eventually expand the block to 128MB.

The two camps began to fight, specifically how to fight here, in short, the result is that the conservative camp split from BCH, forming a new fork currency Bitcoin SV, referred to as BSV.

Two, does BSV really have behind the scenes manipulators?

Since the advent of BSV, the topic has been constantly on the agenda, which is very much related to its founder. The founder of BSV is called Craig Steven Wright (referred to as CSW). The Australian, because he said his true identity is Zhong Ben Cong all day, is now nicknamed “Australia Ben cong”. Let’s address him with “Ben Ben cong”.

 Four times a week, BSV is skyrocketing.

Australia Ben Cong, known as “can use one’s own power to shoot the whole Coin Ring”, can move the mouth to pull the plate. He said that he was a red dot in the coin market. Last year, when he fought the battle with BCH, he frequently shouted to Bitan mainland. He said, “I want you to see that I am a billionaire. I am not only prepared to crush ABC into slag, but also to make bits of land into slag. In a speech, he even declared, “I have more money than your country.” In short, Laozi is rich and Laozi is capricious.

Such a high-profile and even frantic behavior of Australia has aroused the resentment of other people in the currency circle. Many people call him a liar and even set up an anti Australia Confederation. Some well-known trading platforms even dropped his currency BSV. But these are not enough to block the trend of the BSV rocket. In the ten days, the BSV rose from about $60 to a maximum of $250, or more than four times.

 Four times a week, BSV is skyrocketing. 

What on earth is BSV? Recently, some media came out and said that Ben Ben was so crazy because he had a gold master behind him, the name of the gold master was Calvin Air. Calvin Air is a billionaire who started his gambling career. He excavated Ao Ben Cong and entered the industry of encrypted money. The real controller of BSV is Calvin Air, not Australia.

 Four times a week, BSV is skyrocketing. It is said that Calvin Air owns BSV, Coingeek mine pool and nChain, which can be said that he is one of the most powerful people in the world of currency encryption. Some people say that the Australian Ben Cong is actually his puppet, and is his actor. He said he was planning a big play carefully, packing a “tyrant” such as Ao Ben Cong, and wanted to command the secret money community through this “tyrant”.

Three, BSV’s recent surge of insider speculation.

Acting or conspiracy, we are more concerned about the market. So what causes BSV’s recent rise? Of course, pull the plate! But the pull plate also needs to be answered, right? A lot of retail investors are needed, right?

You’re right! BSV has made full use of this hype, which is used as a means of speculation. People are constantly sending messages in the community, saying: “this is the middle Ben cong”, “Australia Ben cong” has reached a settlement with the lower shelf BSV exchange, and BSV will be on the shelves again.

 Four times a week, BSV is skyrocketing. 

Although these rumors have no basis, they will always be seen. In this way, more and more people will know the currency of BSV! A big wave of man is on the way…

These two days, pull up the momentum so strong, and the long line one after another, obviously not like the power of retail investors, then we can guess that large households have prepared enough chips at low prices, and then pull the plate, and then with the influence of BSV rumors (after all, rumors make people aware of BSV more and more), it is easy to form a follow suit. As long as the amount of wind is enough, the price of the currency can not only rise, but also stabilize. At this time, the large family can ship again and earn a bowl full of basins.

Finally, Xiaobian wants to tell you that you must not blindly chase up!

Industrial chain chain weekly news (5.25-5.31)

 Industrial chain chain weekly news (5.25-5.31)

Text: Lin Weiji

Editor: Wang Qiao

As the first institutional media to put forward industrial chain, zinc link has been actively promoting the chain landing of industrial blocks. Through in-depth reporting, direct poke pain points, through sharing will listen to the industry voice, through weekly report industry view, through the commentary to show unique industry observation angle.

The following is a summary of industrial chain highlights on -5 31 May 25th.

Industrial chain information and comments

There are 672 chain enterprises in China, with an industrial scale of more than 1 billion yuan.

On the afternoon of May 28th, as one of the 2019 “Beijing rendezvous” science and technology service activities, the “block chain innovation technology summit forum and Siyuan block chain strategic conference” was held at the National Convention Center. At the forum, Wang Hong, deputy director of the China chain eco alliance and head of the Department of information security of the Ministry of industry and information technology, pointed out that as of December 2018, China provided 672 professional services, products, solutions and other services. The scale of the block chain is about 1 billion yuan, and the scale of the derivatives industry, such as block chain, related products trading and education, is about 4 billion yuan. (economic report twenty-first Century)

Comment: in 2018, after the block chain bubble disappeared, conscientious entrepreneurs gradually emerged. The development of new technology needs time to temper. Whether the technology of block chain can become second Internet or wait time is needed to verify.

First national block chain membership card issued in Hangzhou

Third National Science and technology workers have just passed. In May 31st, members of the Zhejiang digital economic society received a unique “digital identity card” – block chain membership card. The Zhejiang digital economic society has thus become the first society to produce and issue membership cards using block chain technology.

 Industrial chain chain weekly news (5.25-5.31)

Gong Haihan, founder of zinc link

ICBC Internet Finance Department Qian Bin talked about Internet Finance: block chain technology, effective management of Guizhou poverty alleviation fund

In May 29th, at the forum of “2019 Financial Street forum annual meeting” sponsored by the Beijing Municipal People’s government, Qian Bin, general manager of ICBC network finance department, said that the new technology has been fully applied and widely developed. It has greatly changed the whole society’s production and operation, consumer life and organization and management. Through the AI technology, we try to launch intelligent investment. Through the block chain technology, we can effectively manage Guizhou’s poverty alleviation funds and Xiong an’s dynamic dismantling funds. Through cloud computing and big data, the risk control of customers will be extended from the afterwards to the event and gradually to the ex ante. (futures daily)

Commentary: the use of block chain technology can not be tampered with the digital proof, the establishment of a new credit authentication mechanism, so that every expenditure income of the poverty alleviation fund is transparent, everyone can be a regulator, so that more people will pay attention to poverty alleviation and urge to help the poor and help those who really need help.

Chancheng District of Foshan explored “block chain + food and drug traceability”

In May 28th, Liu Wenhua, director of the market supervision and Administration Bureau of Chancheng District, Foshan City, Guangdong Province, introduced the series of talk shows on “politics Chancheng”. Chancheng will make good use of the new technology such as block chain this year to do a good job in food safety supervision. Specifically, the “block chain + food and drug traceability” project, including two aspects of food and drug traceability, is based on the current Internet technology and the rapid development of block chain technology to carry out the thinking and innovation, but also the Chancheng district market supervision and Management Bureau’s attempt and exploration. (Pearl River Times)

Comment: Food and drug safety is directly related to the health and safety of the people. Block chain + food and drug traceability can record the whole process data from production to touch users, and ensure that information is transparent, real and not tampered with, so that production and circulation links are more secure.

 Industrial chain chain weekly news (5.25-5.31)

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Guiyang Fair: the people’s Bank of China pilot the “bay area trade finance block chain platform”, so far the total amount has more than 40 billion.

In May 27th, the high-end dialogue with the theme of “block chain – the cornerstone of digital civilization” was held at the Guiyang International Eco Conference Center. Di Gang, deputy director of the digital Monetary Research Institute of the people’s Bank of China, said that since the pilot “bay area trade finance block chain platform” in September 2018, so far, the pilot data are: 4 applications, access to 26 banks, generating more than 1.7 million businesses, reaching about 4000000000 of the total amount and having a number of patents. (planet daily)

Comment: block chain + financial landing application accelerates. Block chain trade finance is breaking the traditional deadlock. Block chain platform can not only reduce manual intervention, but also reduce manual errors and greatly improve transaction efficiency. It can also reduce transfer links, reduce costs, speed up settlement and improve the utilization ratio of funds.

CCTV Finance: Guizhou chain credit archives to solve the problem of farmers’ loans

Reporters in Guizhou’s Lu Di Shao village interview found that every villager there had a credit file based on block chain technology. System developers said that on the original integrity information system, the identity chain and block chain technology were applied, and trustworthy data could not be tampered with. Nowadays, there are 181 villages and 380 thousand villagers in Qingzhen City, Guizhou. Everyone has such an electronic integrity file. Integrity points have penetrated into every aspect of life in the village. (CCTV Finance)

Commentary: the characteristics of block chain, such as non tampering, openness and transparency, can improve a lot of pain points in the financial field. Through the block chain technology platform, the identity information is more transparent, and the risk of banks in lending is greatly reduced.

 Industrial chain chain weekly news (5.25-5.31)

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Zhong agriculture network applied block chain technology to cocoon silk industry, and silkworm farmers’ semi annual accounts reduced to two hours.

At the beginning of this year, China agriculture network first applied block chain technology to cocoon silk industry and realized the whole process traceability. According to the introduction, cocoon silk industry needs large quantities of supply in every link. The silkworm farmers who were at the bottom of the supply chain had to endure for months or even half a year. The farmer can go to the cocoon purchasing station by card, and can complete the whole process at most 2 hours. (Changjiang Daily)

Comment: when the supply chain meets the block chain, the supply chain will become more transparent, and large-scale collaboration will become easier. With a large number of product information and transparent supply chain, data feedback efficiency is faster.

Industrial chain chain, the first media zinc link to hold “zinc fire burning original” industrial chain chain ecological salon Beijing Railway Station

In May 25th, the first media zinc link of industrial block chain held a chain of ecological Sharon Pekin station in Beijing. The theme of the event is “standard Apocalypse: block chain discourse power and new industrial order”, and invited representatives of China Electronic Technology Standardization Institute, China block chain evaluation alliance, capital copyright industry alliance, Jingdong branch, micro public bank and other institutions to participate in the development, and formulated the block chain standard, from the direction, difficulties, practice, domestic and foreign comparison, discourse power struggle and other aspects of the theme sharing and round table dialogue.

Commentary: 2019 is the “first year” of China’s regional chain standard formulation. The trusted sector chain and the Electrical Standard Institute of the Ministry of industry and commerce are developing the block chain standard. The formulation of industrial technology standards is also the process of “consensus”. The formulation of standards can help to promote the interconnection and interconnection of industries and technologies in a clearer direction.

Two, character voice

Vice president of the Supreme People’s Court: the application of new technologies such as research block chain in the rule of evidence is being carried out.

Tao Kaiyuan, vice president of the Supreme People’s court, focuses on improving the copyright system in Guangming Daily. The article refers to time stamp and block chain. With regard to the application of new technologies such as timestamp and block chain in the rule of evidence, the Supreme People’s court is conducting investigation and research. It will summarize the trial experience and research results of various courts in the process of formulating the judicial interpretation of the Supreme People’s Court on certain provisions on evidence for civil cases of intellectual property rights, and explore provisions. (Guangming Daily)

Commentary: the application of block chain + copyright is gradually coming to the ground. The Supreme Court’s establishment of the copyright right system has also proved that the application of block chain in copyright has made some progress. Copyright protection is a protracted war. The establishment of the Supreme Court’s right system is undoubtedly a powerful tool for the protection of edition rights.

Jiang Guo, vice president of ant gold clothing and director of Financial Technology Laboratory of damoyuan hospital: bitcoin will not disappear, but it will not be widely circulated.

It will only exist as a scarce digital currency, and will not involve large-scale technology applications. Bitcoin is only an application of block chain technology, and its development can not represent the development of block chain technology. Block chain technology has strong vitality. With the digitalization of the industry, block chain technology will play a role in solving multi party synergy and improving the efficiency of data and value transfer. (Chinese entrepreneur)

Comments: Recently, bitcoin has seen a surge in prices. There are many reasons for the rise. There is no lack of pulling up the development of block chain technology. The fame chain is not dependent on the encrypted currency, but the block chain industry is moving towards a steady road that focuses on technology research and development to meet market demand and integrate with the real industry.

President of China PICC: block chain and other technologies are working together to change the global insurance industry.

Gu Wei, President of the PICC Nationwide Financial Services Inc, said at the annual forum of 2019 Financial Street forum that financial technological innovation is deeply affecting the transformation and development of the insurance industry. Gu Wei pointed out that in recent years, technologies such as artificial intelligence, block chain, Internet of things, and genetic technology have been developing exponentially, and they are working together to change the global insurance industry. (Sina Finance)

Commentary: there are many problems in the traditional insurance industry, such as fraud and insurance, difficulties in claims and so on.

 Industrial chain chain weekly news (5.25-5.31)

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People’s Daily: a new round of technological revolution and industrial transformation is reconstructing the global innovation map, and new technologies such as block chain accelerate the breakthrough application.

In May 27th, the people’s Daily published the new technology, occupying the commanding height of innovation — feeling the “new advantage” of China’s economy. The article points out that the new round of technological revolution and industrial transformation is reconstructing the global innovation territory, and will occupy a commanding height in disruptive and strategic technologies such as artificial intelligence and space technology. New technology is nurtured by development needs, and is also a new engine for sustained economic growth. Integrating advanced technology of robots, digitization and new materials to speed up the upgrading and transformation of manufacturing industry; the new generation of information technology, represented by artificial intelligence, Internet of things and block chains, has speeded up the breakthrough of application; safe, clean and efficient modern energy technology has promoted the revolution of energy production and consumption. Once the new technology goes out of the laboratory and enters a vast market, it will release huge energy and promote the opening and vigorous development of the new mode of new industry. (people’s daily)

 Industrial chain chain weekly news (5.25-5.31)

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Li Guanyu, Ministry of industry and information, soft ware, “four initiatives” to promote block chain related industries

In the high-end dialogue on “block chain – the foundation of the digital civilization, the future of wisdom”, Li Guanyu, deputy director of the Ministry of industry and information technology, proposed four initiatives to promote the research on the related industries of the block chain: 1., in-depth study the development trend of the block chain technology, pay close attention to the forefront development of international development, and analyze the impact of the block chain on economic and social development in depth. 2. accelerate the construction of core technology capability of block chain and encourage backbone enterprises to increase R & D efforts. 3., carry out the innovation and entrepreneurship in the block chain, continue to organize the development competition through the block chain, select the solution, and encourage the chain enterprises and user units to carry out cross-border integration. 4. establish and improve the standard system of block chain. (Guiyang network)

Comment: as the people’s daily issued, the new round of technological revolution and industrial transformation is reconstructing the global innovation territory. As a new technology, block chain should accelerate the integration with the real economy. The proposal of “four initiatives” will promote the healthy development of the industrial block chain and promote the release of the value of the industrial block chain.

Three. Share this week review – Zhang Lei, chief scientist of standard chain.

Block chain + Internet of things is considered a trend in the future. According to IDC (International Data Corporation) report, as of 2019, 20% of the IOT deployment will enable basic level block chain services.

The development of the Internet of things will benefit greatly from the block chain technology, but both are in the initial stage of development, either in the Internet of things solution or in the block chain. At present, we should do more technical reserves and lay a solid foundation for the large-scale outbreak.

Four, this week’s in-depth article review

Big factory enclosure, small factories hold together, block chain Standard Station shot four times.

Since 2018, relevant domestic organizations have issued block chain and bank standards, and some important standards have been studied in succession. From the number of research projects, the development of block chain standards is accelerating.

In the new technology industry, the market competition has evolved from product competition to technology patent competition, and the patent has been packaged into the standard, and the purpose of patent sale has been achieved through operation standards. This is also the reason why the new industry tends to go ahead of the standard.

Bitcoin skyrocketed, but the block chain looked cold.

Block chaining technology first came to people’s perspective on the hot money of bitcoin and other encrypted currencies. Now, the development of block chain industry has become the support of the encrypted currency market.

Bitcoin rise follows block chain industry’s overall warming. But the development of the industry mainly depends on whether there are obvious breakthroughs in some key value areas.

A general analysis framework for Layer2

Generally speaking, Layer1 refers to a block chain network system that can be applied in a large scale, especially in the whole world, to achieve business consistency (or “consensus”). Correspondingly, Layer2 is based on Layer1, which achieves a relatively uniform network system in a relatively small scope. Typical Layer1 systems include Ethernet, bitcoin and Nervos CKB. Typical Layer2 protocols include state channels, Plasma, and so on.

For Layer2, Layer1 takes two roles, first of all, the source of assets, followed by the arbitrator. Layer1 users rely on limited trust in Layer2 to transfer part of their assets to Layer2 to enjoy high speed and low cost services, and to arbitrate disputes when Layer1 happens. Among them, we define the assets on the block chain as tokens, NFT and other data or state information that can be clearly defined.

Since 2018, the frontier technology of Layer2 technology has developed rapidly, and various Layer2 schemes have sprung up. This paper attempts to give a general framework to analyze the trade-off between Layer2 schemes at different functional points, so as to facilitate users to select different applications.

Layer2 lifecycle of business process

The typical Layer2 business process consists of five main steps: rule setting, entry, state migration, exit, challenge and response.

Rule setting

In the rule setting stage, the parties involved in Layer2 business will set up the state migration rules and the challenge response rules. This step usually appears to deploy an intelligent contract in Layer1, or to exchange multi party digital signatures. Its essence is that the parties provide an undeniable commitment (commitment) to judge the dispute in the stage of challenge and response.

Early state channel technology usually requires that a decision contract be pre deployed on Layer1 to constrain rules and states. Recently, the virtual contract represented by Counterfactual only requires participants to endorse the rules outside the chain, and then deploy them to Layer1 when the user disputes the result of the transaction. This way greatly reduces the cost of channel establishment, but the Plasma class Layer2 protocol still needs to deploy rules contracts on Layer1 to receive Layer2 to state commitment regularly.

Get into

User’s assets from Layer1 to Layer2 require users to trigger Layer1’s asset locking action to make sure that they will not be double faced by the two tier network. The asset locked will produce asset lock proof, which is verified when it is verified on Layer2. Assuming that Layer1 has enough usability and security, the generation of asset lock certificates and the reliability of content are not doubted. So the key to this operation is how asset lock on Layer1 proves how to reach a consensus in Layer2.

For the Layer2 protocol for point to point transactions such as payment channel / state channel, the consensus is limited to both sides of the transaction or within a limited number of parties (by more participants participating in multi hop connections are essentially two party consensus combinations).

For Layer2 transactions such as Plasma, many to many transactions, unless all parties have signed an asset lock certificate and notify everyone, it is impossible to confirm that everyone has reached a consensus on the action. At this point, the second best thing is to sign the asset lock certificate by Layer2’s Operator, to announce that the action has reached a consensus in Layer2. Obviously, there are some cases where some participants do not recognize the act. They can perform exit actions to leave the consensus area or submit Operator’s signature to Layer1 for arbitration. At the same time, there is also Operator intentionally or unintentionally overlooking the user’s asset lock proof, and not signing its signature on the Layer2, when the user should also be able to perform the exit action. The remaining participants showed that they had no objection to the certificate of proof, which reached a consensus with Layer1 security.

State migration

Every transaction of Layer2 users should make the total state of Layer2 correctly migrate. This step involves three key actions: a consensus on the occurrence of each transaction, the consensus on the outcome of each transaction, and whether the consensus is under the supervision of Layer1.

Similar to the entry stage, the participants’ acceptance of the consensus depends on their recognition with all other participants or by their own and Operator. The Layer2 of point to point transactions only needs to get the signature of the other party, and confirms that the signature accords with the business rules at the set stage. Layer2 for many to many transactions must submit the consensus results by Operator, and submit a summary of the results of the consensus to Layer1 as commitment so that the act is subject to Layer1 supervision and arbitration.

The key points of this step are that participants should be able to test the state migration that affects their assets; participants should be able to verify the consistency between Operator’s commitment submitted to Layer1 and the state migration information obtained by itself, and obtain enough data to generate evidence and submit it to Layer1 for questioning; when the participant transaction is filtered by Operator, its assets should be safely withdrawn. The first two points concern the data availability of Layer2, and the latter point concerns the usability of Layer2 services. Once the service or data is not available, the user can withdraw at any time. Under the premise of data and services available, Operator’s evildoing can be restrained by Layer1.

Sign out

The exit mechanism of Layer2 is very complex, and there are many types. But its essence is to withdraw the asset status and its proof to the Layer1, and unlock the assets through the reservation rules and the verification of the state commitment that has been approved by Layer1. The exit process depends on the rules and state commitment that have been reached, and is bound by subsequent challenges and response stages. The main points of the exit process are the order of exit and the immediacy of exit.

There are always some cases where the introduction of Operator to endorse the Layer2 consensus results and the commitment of Layer2 anchoring to Layer1 is always unable to prove that the consensus result given by Operator is wrong. Therefore, a fair exit order is needed to protect the honest users from giving priority to exit. However, it is precisely because we can not prove that someone is “honest” before introducing the order of exit, so the priority of the honest users mentioned here is that all honest users must always pay attention to the behavior of Operator, and immediately quit when their behavior is out of order, and then exit in accordance with the order of the time of the exit of these users.

The assets of the user’s exit action may be related to the assets of other users. Layer1 often fails to determine whether the user’s submitted exit action is the final state of the corresponding asset, which requires waiting for other users to challenge the action. The process of challenge determines the immediacy of exit action. In theory, if Layer1 can determine that the action corresponds to the final state of the asset, the asset can be withdrawn immediately. For example, ask Operator to mortgage on Layer1 not less than all current user’s capital balance, and send a proof of current balance to each user at every time when Layer1 is submitted to commitment. Users can then submit an immediate, no need to wait for a challenge exit request on the latest commitment.

Challenge and response

The challenge and response took place in Layer1, making use of it as the role of Layer2 arbiter. The corresponding challenge is for all Layer2 related transactions on the Layer1, including the commitment of the Layer2 consensus state and the user’s claim for exit status.

The challenge to consensus state commitment means that the Challenger does not agree with the result of Operator’s submission to Layer1, which does not agree or originate from the challenger’s different state results, or that the challenger can not get enough data to get the corresponding state results. For the first case, the challenger can submit a new commitment and give sufficient evidence to prove its correctness. For the second case, the challenger can submit a data request to require Operator to disclose the complete data.

However, because of the availability of data, or the result of Operator signing the consensus of conflicts, these challenges may not be able to achieve the result of honest users’ interests. At this point, users should be allowed to choose a recent user recognized status point for challenge. If 1) the user fails to submit more than the last self approved state point due to his negligence, or 2) the predefined set rules do not allow users to challenge the consensus commitment information submitted by Operator, so the user will suffer losses. The former is the user experience criticism that the Plasma solution meets, and the latter is the security criticism that many cross link schemes encounter.


Starting from the business process of Layer2 transaction, this framework analyzes the necessary steps of asset transfer between local consensus Layer2 and global consensus Layer1. It is pointed out that ensuring the safety of Layer2 requires the first Layer2 to reach a consensus. The result of the second Layer2 consensus must be accepted by Layer1.

For point to point transactions, Layer2 agreement requires only the exchange of signatures of consensus. For the Layer2 protocol with many to many transactions, a consensus has to be introduced into the role of Operator, and Operator will submit a summary of the consensus results to Layer1 for future reference. We should also find that the number of Layer2 Operator has no intrinsic impact on the process, so Layer2 does not care whether the operator is a centralization node or a distributed node. In addition, since the consensus scope of Layer2 is always less than Layer1, no consensus can be obtained from Layer1, including any form of incentive, and its consensus results can not be unconditionally accepted by Layer1. Therefore, Layer2 consensus is not the decisive factor of Layer2 security.

Therefore, regardless of which type of Layer2 protocol, its consensus results need to undergo a challenge response process to get the acceptance of Layer1. The challenge response process is limited by Layer1 bandwidth, exit order and high cost, which is a very high threshold for most users. However, this does not mean that the immediacy of user assets withdrawal can not be guaranteed. The real time property of user exit can be realized through Operator’s 100% asset pledge on the Layer1 on the assets held by Layer2.

From the user experience perspective, the challenge response process is a disaster, and every user must always pay attention to the latest state changes. Delegate the challenge response process to the agent can not improve the security because it transfers the risk to the trustworthiness of the agent. A compromise solution is to combine Operator and Layer2 features, giving the Layer2 sufficient asset pledge and giving the asset exit protection for the state migration of users. In this way, once the user chooses to quit, he can quit immediately without experiencing the challenge response process. Another way is to abandon the security of assets transferred to Layer2, trust Operator and complete all status migration and asset exit certificates by Operator. I believe these two agreements will be the focus of the development of Layer2 in the future.

Author: Wang Bo

Original link:

Bitcoin 10K approaching, market FOMO sentiment is about to break out!

After a week’s first adjustment of $9000 in bitcoin for a year, data from Thomas Lee’s (Tom Lee) quoted by Fundstrat showed that FOMO sentiment (fear of missed opportunities) is already near full scale.

The data predict that when the bitcoin value exceeds US $10000, the market’s FOMO sentiment will be fully detonated, that is, the “10 level” FOMO. Such a high level will only occur before the bitcoin reaches the historical extreme.

10 level FOMO mood

Adam Samson, the global head of the financial times, released the following pictures on twitter on Wednesday: Adam Samson:

Thomas Lee later appeared in the comment area. He thought Adam’s views were somewhat wrong, but basically came to the conclusion from the data. Lee wrote:

“In fact, the point of the chart is that the real FOMO may start when bitcoins exceed 10000 dollars, because this is a price level that can only be seen in the history of only 3% days. Mathematically, it is equivalent to the time when bitcoin exceeded $4500 in 2017. Looking back from that time, it can be said that the price at that time really triggered the FOMO of the market.

Let’s start with the trend chart of bitcoin from the end of 2017. We can see that $10000 is an obvious turning point. However, Lee’s price based data failed to take some fundamental factors into account.

In early December 2017, CME group’s bitcoin futures market was announced. A few weeks later, when the futures market actually opened, the value of bitcoin plummeted to the point where it had not yet recovered.

Digital debate

If more Fundtrat data are available in the near future, Thomas Lee’s comprehensive FOMO prediction will probably come true soon.

Although Li’s argument is so, not everyone agrees with Lee’s figures. One Twitter user questioned the view that $10000 in 2017 was the level of the FOMO explosion. After all, the value of bitcoin surged from $1000 to $3000 between January 2017 and June 2017, and then continued to hit a new high. User John Silvestro said:

“Over 4500 in 2017 was the highest historical value at that time (ATH). In 2017, there were many times when the price of money was higher than 1100. It is not equal to compare them with the 3% indicators in history. The actual equivalent price of 4500 in 2017 will be around 77000 today.

Others agree with John Silvestro’s skepticism, user Dumb Genius wrote:

“Why is the 10 level FOMO of the current cycle not about $80K (4 times the highest value of the previous cycle), or $4500 equivalent to about four times that of $1100? Is the 10 level FOMO front 8 times? If so, will the highest percentage of this cycle increase significantly? “

Media detonation heat

Echoing the idea of predicting bitcoin growth as a self fulfilling prophecy, another Twitter user said that no matter how technical, $10000 could be the key to keeping media hype consistent with selling pressure.

Twitter user Bitcoin Brian said: “10 thousand dollars may lead to media upsurge and hype, which is where I expect to see FOMO. Now it seems that the money holders are hoarding coins. “

Prior to this, Thomas Lee has been the main driver of this upsurge and hype, and has maintained his prediction for the fair price of BTC in 2018 for a period of 25000 US dollars. At that time, his hype proved to be too high, but because bitcoin is now back to its highest level in 12 months, he can have the chance to prove himself.

Chain chain exclusive bitcoin cattle walk block chain is still in the winter.

文 | 互链脉搏评论员·元尚









(来源:Spider Data)


(来源:Spider Data)


(来源:Spider Data)























Manipulated bitcoin Market

Abstract: is our craze for bitcoin worship based on lies?

I often wonder why traditional financial institutions and Wall Street are so concerned about the lack of supervision of encrypted currencies. At one time, the central bank and financial institutions were regarded as “enemies” of innovation, centralization and currency encryption. I think maybe they regard the block chain as a threat to capitalism.

The fact is, the trading market really needs regulation.

Bitcoin speculation

Before 2015, only a few people knew about bitcoin. By 2017, there were many “making rich myths” in the currency circle. Bitcoin was gradually accepted by the mainstream in 2018.

In my view, the price of bitcoin has been unbelievably manipulated. It seems that “bitcoin world” also has its own terms and regulations. Some things that are considered normal may not actually be the case.

I like to have an open mind on both sides of things, and everything is possible. For this reason, I would be happy to write an essay that sounds contrary.

Collective fraud is not sustainable

With the change of people’s attitude towards ICO and the emergence of various forms of block chain fraud, the spectacular ring of bitcoin has no doubt begun to be hit by the public.

The media’s attitude towards encrypted currencies is either extremely negative or overly optimistic, basically on the whole of the world. They make all kinds of fishing news around bitcoin to achieve the purpose of participating in bitcoin and reduce the trust of the mainstream market for encrypted currencies and centralization.

In a sense, I do not agree with these two extremes. Different sources of news can deepen people’s prejudices, so it is difficult to find an objective feeling.

Trading data fraud

We must face up to the problem of fraud in some trading systems, and what this speculation means to the value of the block chain, capital, transactions, digital assets and investment communities.

A Bitwise study shows that 95% of the spot trading volume of bitcoins is faked by unregulated exchanges.

The company analyzed the 81 largest exchanges on the industry website The average daily volume of bitcoin transactions is $6 billion, of which only $273 million is legal, according to the report.

Matthew Hougan, global research director at Bitwise, said:

People saw the fluctuation of the encrypted currency, and felt that the market was in a mess because they saw the manipulated data.

Query on the legality of transaction

Bitwise submitted a research report to the US SEC in March 2019, exposing the problem of counterfeiting of bitcoin trading data. The purpose is to explain to the US SEC that the actual size of bitcoin is much smaller than market expectations, and if the exchange is regulated, a more transparent and orderly market can be established.

If most bitcoin trading volume is forged, then the market value of bitcoins and other encrypted currencies you see in the software is obviously not true. Besides, companies like Coinbase and Binance are rising in speculation.

US regulators are cautious about bitcoin mainstreaming. The US SEC will manipulate the risk as a reason for refusing to encrypt currency ETF. Even if block chains are slowly adopted by mainstream society, the gold rush of encrypted currencies appears to have been blocked.

Trust in the world of encryption

The reason why the exchange makes false trading volume is necessarily driven by interests.

Through manual manipulation, the purpose is to improve the ranking on the market website, which makes people mistakenly believe that the platform is deep and mobile. This will not only attract more users, but also the ICO project owners. The exchange can earn a lot of transaction fees and huge amounts of money.

Bitcoin seems to be a greedy game. People create various kinds of hype and profit from it. Dirty stuff is everywhere.

Some people get rich through bitcoin, and more people lose money. Whether you think it’s gambling, Ponzi scheme or sophisticated technology, there should be rules for games. Trading volume fraud will not only jeopardize the credibility of the exchange, but also undermine the credibility of the industry as a whole.

Regulation and fraud

How do we regulate the encryption industry? There are a lot of fraudulent acts beyond the statutory power of the government, so they have to make some strange decisions, such as banning certain behaviors to protect investors who are vulnerable to fraud and hacking.

The biggest expectation of investors is that it is meaningful to support ETF’s commodity trading and avoid being influenced by manipulation risk. If the game is manipulated, how foolish should it be to investors who want to “all-in”? I don’t know your position, but this is my common sense.

The Chicago Mercantile Exchange (CME) and the Chicago Options Exchange (Cboe) began listing bitcoin derivatives at the end of 2017, but the volume of transactions was much lower than the $6 billion reported by unregulated exchanges. No wonder, because many trading volumes are not real at the very beginning.

If the actual size of bitcoin is only as small as Bitwise suggests, the Chicago commodity exchange (CME) will become more important, and Bakkt and fidelity will adopt a more stringent regulatory approach to digital assets, which will help restore the order of the encrypted market.

We must accept the possibility that our love for the encrypted world has deceived us and even yielded to this hype in spite of the just warning. In this point to point world, it may not be wise for us to put our savings on others.

Is our craze for bitcoin worship based on lies? Is the real size of bitcoin far lower than we imagined?

(author: Peng Hao people, the content comes from the content of the chain open platform “get number”; this article only represents the author’s point of view, does not represent the official position of the chain).