#cryptodozer

[ashishjadhavtechnologyforum]

2020: Cloud gaming is surging

Now, mobile games and cloud gaming platforms are important contributors to the expansion of the video game industry. According to the latest data, the cloud gaming market has grown from an estimated US$45 million in 2017 to US$66 million in 2018. If this trend continues, by 2023, this figure is expected to soar to US$450 million. With major companies such as Apple, Google, and Microsoft launching new products to flood the cloud gaming field, lesser-known platforms have also begun to receive industry momentum. For example, Nvidia GeForce Now and PlayStation Now are two of the multiple options that provide cloud gaming functions. But what exactly is cloud gaming? Why is it on the rise? In order to answer this question, it is important to decompose the foundation of the basic infrastructure.

What is cloud gaming? Cloud gaming refers to the practice of playing video games using remote hardware (usually a server owned and operated by another company). Cloud gaming is not about downloading games or using physical media to play on the console, but using Internet streaming to deliver games to player devices. As a result, mobile phones, TVs, and computers do not rely on internal hardware to drive games, and data is stored remotely. In this way, cloud gaming is an effective mechanism for achieving interoperability between devices. However, some people emphasize the requirement of a durable Internet connection, which is a potential barrier to widespread adoption. Although highly developed countries like Japan are leading this action seamlessly, less developed countries such as Africa lack the infrastructure to achieve this goal. Equipment cost and interoperability Perhaps the most significant benefit of cloud gaming is that computers, TVs or mobile devices can deliver games without relying on local hardware. In addition, because the game data is stored in the cloud instead of a physical device, players do not need to worry about lost progress. This dynamic mechanism ensures that the game remains compatible with any device, and expensive hardware upgrades are still the responsibility of those operating the cloud network. For developing economies, such as economies throughout Africa, this feature allows users to access the latest games without worrying about their expensive hardware and physical media purchases. Cloud gaming in emerging economies According to the latest data, the number of global mobile phone users reached 4.9 billion in 2018. However, many of these users already live in countries with strong Internet infrastructure. In developing countries that lack broad broadband, the use of mobile phones has become the key to "crossing over" development barriers. By achieving unparalleled interoperability, cloud gaming has the potential to improve the inclusiveness of entire mobile-dependent countries. Data from GSMA Intelligence highlights this dependence, which shows that sub-Saharan Africa has the second fastest growth in mobile adoption. However, the speed of mobile networks is still an obstacle to providing consistent cloud gaming services in these developing regions. Reflecting this reality, in South America and sub-Saharan Africa, the data centers of well-known infrastructure providers such as Amazon Web Services, Microsoft Azure and Google Cloud still have a small footprint. Despite the current reality, data shows that Africa's top annual cloud service revenue is expected to double between 2019 and 2023. In addition, revenue from public cloud services will be set to triple by then. Although there are still barriers to widespread deployment, there is still a lot of upside space, especially when 5G is beginning to rise. The impact of 5G networks The increasing growth of global high-speed Internet is one of the main factors driving the growth of the cloud gaming market. As mentioned earlier, cloud gaming relies on continuous Internet streaming, and 5G can provide an excellent user experience. However, at least so far, device compatibility is likely to limit market growth. In fact, 5G services are still limited. In the past year, the first mobile phones that truly support 5G have been put on the market. In addition, market penetration is unlikely to occur before 2023 or 2024. In the meantime, even if users eventually download the game library to their device instead of streaming it, many platforms have only begun to aggregate the game library. In developing countries, the transition to 5G technology may take longer, and sub-Saharan Africans also agree with this belief. GSMA found in a recent survey that 67% of respondents believe that 5G will arrive after 2025, which is much later than the forecast of developed markets. At least for now, most game consoles or PC gamers have little incentive to make a major shift to cloud gaming in developed regions. In the less developed economies, this transition is even less likely to happen before the second half of the decade. How these trends affect blockchain As the progress of 5G accelerates, integration with Blockchain 5.0 or the current generation of blockchain technology is about to appear. By setting up 5G to enhance the interconnectivity of devices, the use of Blockchain 5.0 (such as payments and remittances, digital contracts, distributed cloud storage, and digital identity verification) are some potential use cases. Next year, all these applications of Blockchain 5.0 will affect the growth of the gaming industry. As users in developed countries adopt 5G for gaming purposes, simultaneously verifying digital identities and maintaining anonymity will be crucial. Achieving the right balance is still a challenge, but Blockchain 5.0 relies on a more agile infrastructure to increase the efficiency of privacy protection mechanisms. Cloud gaming in 2020 and beyond Between Microsoft's Project xCloud and Google Stadia, the biggest tech giants seem to all participate in cloud gaming. However, these software and service companies are also betting that they will soon switch to 5G network speeds. These speeds are essential to enhance the high-quality experience gamers need before permanently turning off their consoles and PCs. When 5G reaches global penetration, especially in developing countries, cloud gaming will revolutionize the entire industry while promoting economic development. In Africa, the later introduction of 5G technology will allow countries to bypass today's centralized networks. These later 5G iterations will provide opportunities to develop decentralized systems that are not affected by governments and companies. This network architecture will eliminate many of the conflicts we observe today, such as the battle for market dominance between Huawei (China) and the United States-neither of which leaves much room for emerging economies. Cloud gaming and other decentralized technologies represent the separation of the Internet of Things from national interests, which is an important part of maintaining peace as technology advances. From the perspective of the game itself, players may need to pay a monthly subscription fee to play cloud-based games on any device and from anywhere. In developing countries, cloud gaming will take advantage of already high mobile device usage. Although it is not clear how fast we will achieve global inclusion, it is clear that 2020 will be the starting line. Chris Cleverly is the CEO of Kamari, a blockchain project that aims to build a mobile gaming and payment ecosystem for one billion people in Africa.

[luciebell-writes]

How did DeFi get over the pain of the "312 plunge"?

It took DeFi 2 yrs to break through the US$1 billion market value. In the "312 Black Swan Incident, " the marketplace value was cut in half, but it quickly returned to US$1 billion within three months, with ups and downs. Tomorrow evening at 20: 00 (Tuesday), we invited Pan Chao, the pinnacle of MakerDAO China, and Philipp, the pinnacle of imToken business development, to talk to you about the DeFi following the "312 Black Swan Incident" in just 90 days. What perhaps you have done? Scan the QR code of the poster at the end of this article to sign up. The worthiness of DeFi's locked assets has returned to a historical high-$1 billion. You have to know that after the "Black Thursday" of cryptocurrency occurred on March 12, DeFi was still sitting on the edge of the cliff, and just 90 days later, not merely the worthiness of the overall locked assets returned to the level ahead of the black swan incident., The market value of DeFi ecological projects also have hit recent highs. What did DeFi study on the crisis during this period? What changes have now been made? Could be the visible asset price recovery a spectacle or even a real return of value? What is the following growth point? These dilemmas require careful examination and thinking.

Data source: debank. com DeFi's "Black Swan" On March 12, the sharp decline in the cryptocurrency market and the abnormal blockage of the Ethereum network caused a DeFi domino reaction. The vast amounts in collateral in the basic currency agreement Maker system failed to be auctioned normally and debt occurred. The decentralized stable currency Dai once had a 10% premium. The interest levels of multiple secondary market lending agreements (Compound, dYdX) remain high, and the not exactly 100% fund utilization rate not merely prevents depositors from withdrawing funds, but additionally exposes lenders to excessively high interest levels. High network fees allow it to be burdensome for decentralized exchanges to fit clearing orders. The lock-up value of the whole DeFi market has shrunk by not exactly half. Coping and experience In reaction to the crisis, MakerDAO took the lead in launching a number of policies, including lowering interest levels, joining the auction circuit breaker mechanism, introducing stable coins as collateral, as well as launched debt auctions, issuing additional equity tokens to recapitalize the system's debt. The secondary lending agreement adjusted the collateral risk parameters and rate of interest curve accordingly. A number of decentralized trading platforms also have improved the minimum transaction quota to alleviate the expense caused by the surge in network fees. These number of measures have alleviated the liquidity crisis of DeFi lending at the moment, and interest levels in the secondary market also have begun to gradually decrease, and funding tensions have eased. Two weeks later, the Maker debt auction was successfully completed and the system turned losses in to profits. Two months later, Dai's premium completely disappeared and returned to $1. At the same time, the costs of crypto assets such as for instance ETH have returned to their pre-crisis levels. The DeFi ecosystem, which has never lacked innovation, in addition has seen more lending, trading and insurance hedging agreements. Lessons and opportunities 312 The Black Swan is undoubtedly a blow to all DeFi agreements. But just as there are opportunities behind every crisis, DeFi's resilience has been tested and opened more windows. What have we learned out of this crisis? 1 . The performance problems of Ethereum which can be highlighted when extreme events occur urgently must be resolved. 2. Cryptocurrency isn't a safe haven, and independent systems can't deal with external economic shocks. The main contradiction of Ethereum may be the contradiction between increasing external demand and insufficient internal resources. On weekdays, this classic car could make do with it, but it is too fuel-efficient and it surely will be out of gear at critical times. To carry more and more complex lending options, the improvement of Ethereum performance is imminent. Prior to the launch of Ethereum 2. 0, the expansion of the vertical second-tier network was very important. Luckily, we now have seen that OmiseGO and Loopring have recently launched different solutions. In contrast to performance dilemmas, DeFi's greater challenge lies on the asset side. Aside from Ethereum, there are few highly liquid assets. This is simply not merely a scale limitation, but additionally just one point of risk. A well balanced currency system that only utilizes ETH collateral is difficult to cope with external economic shocks, specifically for highly volatile assets such as for instance encrypted currencies, which demand a diversified collateral portfolio. The occurrence of the crisis pushed Maker to incorporate assets such as for instance stablecoins and Bitcoin (wBTC) in to collateral to boost Dai's liquidity. At present, not exactly 3000 bitcoins have now been deposited in the Maker system as collateral assets, which quadrupled the amount of bitcoins in Ethereum DeFi.

Data source: defipulse. com For decentralized finance to go toward larger-scale adoption, real-world assets, such as for instance stablecoins, gold, and the issuance of traditional financial assets, must be chained. The startup Centrifuge has developed a protocol that tokenizes real assets. Recently, Centrifuge has partnered with Paperchain and ConsolFreight to tokenize music streaming royalties and trade invoices, respectively, and also have the opportunity to lend or issue stablecoins as collateral in DeFi. It is a small step, but additionally a big step. summary DeFi quickly recovered from the pain of "312" within 90 days, which is really a good part of it self. But at exactly the same time, you may still find many basic problems of decentralized finance on Ethereum that have not been solved well. We are fortunate to see that many projects are relocating the proper direction, but we might must be more patient with regards to time.

* Event Preview-If you want to learn more about the DeFi industry, please participate in the DeFi theme sharing at 20: 00 tomorrow night (Tuesday). I will review recent DeFi hotspots and reply to your questions with Philipp of imToken. doubt. Scan the code and note "DeFi" to participate in sharing 👇👇👇

[szunwaves]

Co-founder of Chainlink: DeFi applications need to focus on data quality and source

Chainlink co-founder Sergey Nazarov believes that some oracles ignore the quality of data, the quality of node companies, and the guarantees provided to users by node companies, that might cause a large-scale failure of DeFi. Original title: "DeFi Builders ignores data-related risks, that might cause large-scale failures" Written by: Camila Russo Facts have proved that the way in which blockchain applications obtain data is essential, as the failure of those systems is among the most core of numerous new attacks in DeFi. Sergey Nazarov stated that most activities in the entire blockchain ecosystem currently occur in the aspects of DeFi, insurance and gaming. He's happy to see more and more centralized businesses start to decentralize some of their companies.

Next couple of months, he's most getting excited about continuing to guide DeFi, increasing the total amount of data input given by Chainlink, and increasing incentives for node companies. In the foreseeable future, finance will increasingly be based on blockchain technology. These is the main interview: The significance of oracles for DeFi is that some contracts need to connect to external data. For instance , they need to know the price changes, in line with the insurance contract, they need to know if the goods have now been delivered, how a goods are stored all through transportation, or they need to know whether there is rain to pay for the farmers the insurance coverage. These higher-level contracts all need the capacity to comprehend these contents. Now, people could have some misunderstandings. Although they've been called smart contracts, they should actually be called tamper-proof digital protocols, because what they really do is create records and record events. Nevertheless the system that truly runs the smart contract won't have the capacity to truly comprehend these events. This is actually the alleged oracle. It may comprehend and provide some unknowable information for the device. The huge difference between an oracle and a blockchain The problem by having an oracle is that the smart contracts or logic executed in these blockchain surroundings can not access external data because of the security requirements of the blockchain. The security of the blockchain prevents access to some information through internal logic. Oracles have certain concepts borrowed from blockchains, however they aren't blockchains. I believe the issue with some solutions is they try to adopt certain blockchain concepts and try to fully apply them to the oracle, ignoring the huge difference. The oracle centers around solving a totally different problem. The oracle has to obtain uncertain, unverified, and insecure (and sometimes unreliable) data from elsewhere, and put it in to a system that may improve its reliability. The first basic huge difference here's that the oracle must process data from other systems. The oracle is not designed to produce a deterministic closed system. Actually , it's a nondeterministic system that attempts to utilize data with security or reliability problems, and uses some encryption techniques to verify the foundation of the information to make sure that the Generally, these data are generally of good quality. As an example, some people use dynamic membership (Dynamic Membership) to create an oracle system. Dynamic membership allows random people to appear and become processed. Chainlink does indeed not need this kind of solution. Chainlink's plan is to provide node companies. These node companies can prove their data security and reliability. Then, the smart contracts between these node companies and users form something called a site agreement. On the chain, it is possible to obtain data delivered by node companies with a specific quality and frequency. Perhaps not making time for data quality. Recently, there have been some issues in DeFi, some of which are set off by wrong oracles or price mechanisms. One of many major DeFi crashes was the failure of the MakerDAO clearing system, partly as the price update speed was too late during the Tai Waterfall period. There clearly was also a bZx attack at the beginning of the year, possibly as the attacker manipulated the pricing of Uniswap and Kyber. It may be seen that there's a problem with the pricing, and the oracle system will cause DeFi to be attacked and cause issues for the DeFi application. Can the oracle solution avoid these issues? Are these issues inherent in DeFi applications? These issues aren't inherent. They are issues with the style of certain applications. During that time, there have been no users who suffered losses because of the usage of Chainlink's oracles. I think, some oracles have ignored their dangers, ignored data quality, and ignored the quality of node companies and the guarantees provided to users by node companies. You can view that people are solving this dilemma in the next two ways. One way is by using the blockchain, after which copy everything in the blockchain to the oracle. This often misses the main element problems to be solved. The key problem to be solved by the oracle is highly reliable, highly secure, and highly available access to external systems, and so they do not even know whether these systems are secure. Therefore , the very first question is "this is really a different blockchain. " The 2nd problem is this one or two oracle mechanisms already exist, and data quality is not considered. They fundamentally ignore the following actual situation: In old-fashioned finance, there are a large number of successful data businesses (such as Bloomberg, Reuters, and so forth ) that eliminate data-related risks in an extremely competitive market. Lots of people create both data businesses and computer software providing you with data transmission security. They have never created a data company, and will ignore some of the risks that data brings. Chainlink will not actually generate data. We provide incentives to data providers such as for example Bloomberg and Reuters to obtain supreme quality data, leaving the issue of data to seriously experienced data aggregation teams. Chainlink centers around transmitting data appropriately and ensuring the foundation of the information to the maximum extent. Some oracle machines first integrate two exchanges to look for the selling price of assets. Next, a third exchange appeared and got most of the trading volume. Quite simply, the trading amount of the exchange that's been incorporated into the oracle system only accounts for a tiny portion, so is the price simple to manipulate? The cause of this dilemma is that whenever the trading volume is used in another exchange, there's absolutely no alert mechanism, which creates a massive risk. If the oracle works on the single exchange to define the price, just how to predict the trading amount of that exchange, specifically for some tokens which can be rarely traded? The sole reason these very dangerous modes haven't aroused people's discussion is that there's currently no loss of the level of Mt. Gox. Some self-made oracles use data from a certain exchange, and so they would not have the capacity to deal with these risks. If your problem does occur, the entire DeFi field will soon be plunged into darkness. People may use any oracle mechanism they like. But people should comprehend it is never as simple as connecting to the API. Chainlink's mechanism centers around security and provability, and I will be very lucky to utilize top data providers. We have been dealing with as many folks as possible to make sure that experienced teams provide top quality data and deal with various security system risks. For instance , market coverage risk or manipulation attacks, but these attacks haven't been experienced by people. And so i suggest that people you should think about whether to entrust their fate to oracles that not even comprehend the risks of these design.

[ashishjadhavtechnologyforum]

Ethereum Gravity Wells: Liquidity Mining Brings Bitcoin in to DeFi

DeFi locked significantly more than 10, 000 bitcoins, which can be about 7 times that of the start of this season. Original title: "Viewpoint丨 Liquidity Mining Makes Ethereum "Cannibalize" BTC" Published by: Martin Young Translation: Liam Your competitors for dominance of cryptocurrency will be guided by the decentralized financial landscape (DeFi), since the performance of DeFi protocols and tokens has surpassed that of Bitcoin and related services and products this season. Ethereum could be the foundation of this new financial landscape, and it has introduced increasingly more BTC engrossed. The DeFi market quickly rebounded from what appeared as if a correction. According to data from DeFi Pulse, the sum total locked value broke the historical high of US$1. 7 billion. The enthusiasm for liquid mining (Yield Farming) that began a couple weeks ago continues to push investors and speculators to the DeFi protocol, where they store their encrypted assets. You can find good known reasons for this to take place. Conventional storage locations for encrypted assets, such as for instance wallets or exchanges, don't provide any returns, while DeFi platforms can provide spectacular rates of interest: stablecoins are about 4-6%, and some altcoins can exceed 15%. Additionally , you can even earn token rewards such as for instance COMP or BAL, which is why significantly more than 750 million U. S. dollars of crypto assets have poured in to the field in the past month. There's also some interesting developments, like the rise of tokenized Bitcoin on the Ethereum network, which can be constantly changing and promoting the proper execution of DeFi.

The influx of Bitcoin in to DeFi The DeFi boom in the past month hasn't only attracted Ethereum to become listed on the ecosystem, however the quantity of Bitcoins locked in several protocols in addition has grown rapidly. Previously a couple of weeks, the sum total value of BTC locked on DeFi has doubled. BTC locked in DeFi The current lock-in quantity of Bitcoin is slightly significantly less than 10, 000 BTC, a rise of 575% considering that the beginning of this year. Relatively speaking, the quantity of ETH locked in DeFi has came ultimately back to 3 million, which can be like the situation in early 2020. In the most recent Defiant news report, industry expert Camila Russo delved in to the linking of Bitcoin to ERC-20 tokens, allowing holders to come in contact with the upward trend of decentralized finance. With more than $100 million in BTC circulating on the Ethereum network, those two assets haven't been so closely linked. But Russo also described vividly that there surely is still plenty of tribalism in the crypto world. Ethereum acts as a gravitational well for world wide financial assets. And Bitcoin could be the first "victim". The explosive growth on the DeFi platform and the financial incentives to provide encrypted liquidity have attracted Bitcoin holders to this new digital honeypot. Simply holding BTC for a long period of time isn't any longer enough to meet them. Smart investors are seeking further gains by migrating their Bitcoin to Ethereum to benefit from DeFi and constantly trying to find money-making opportunities. This can be attained by depositing BTC as a swap for ERC-20 tokens effortlessly anchored to the underlying assets. Wrapped BTC (wBTC) is a tokenization way of Bitcoin. Simply put, it's an ERC-20 token comparable to one BTC. Being an ERC-20 token, the transfer speed of wBTC is faster than ordinary Bitcoin. Still another advantage is that it can be built-into the world of Ethereum wallets, dApps, smart contracts, and DeFi. You can find other versions of tokenized Bitcoin, such as for instance renBTC, which was launched on the Ethereum network by the end of Might this season. It is implemented through a flexible, decentralized, trustless, and permission-free hosting in line with the RenVM protocol. The project explains this operation in increased detail: You give BTC to RenVM, it'll hold this BTC, and then will issue BTC as ERC20 (also known as renBTC) on Ethereum at a ratio of 1: 1 to make sure that your renBTC always gets the same amount BTC as support. The trend of Ethereum's gravity wells is called "Ethereum gravity wells", and Compound Finance has attracted probably the most bitcoins in recent weeks. This really is due mainly to the launch of the COMP token issuance that began on June 15. Within two days, COMP became the initial DeFi unicorn with an industry value of over US$1 billion. According to data from DeFi Pulse, BTC entered the Compound protocol on June 18, when the locked level was only 173 BTC. Today, this number is 2578 BTC, meaning a rise of close to 1400%.

The first to promote Bitcoin to the Ethereum network was MakerDAO, which added wBTC as collateral in May. Defiant added that since wBTC has reached the debt ceiling of 10 million circulating DAI, the total amount locked in Maker are at a low level. Balancer is still another driving force for Bitcoin collateral in the DeFi ecosystem. This really is still another token distribution mechanism that creates more liquid mining options, hence attracting more encrypted collateral, which in turn advances the total value locked on the platform. DeFi Pulse unearthed that how many BTCs locked by Balancer has surged from around 25 in early June to 1657 BTC today. Lucas Campbell included this picture, which describes the quantity of bitcoin in several forms on the Ethereum network. BTC in the Ethereum network As shown in the figure above, there are several types of tokenized Bitcoin. In addition to wBTC (which dominates about 78% of the BTC on the Ethereum network), renBTC, there's also sBTC and Synthetix version BTC collateralized with SNX. Research believes that the most popular theme of this trend is liquidity mining. People can't resist using their idle BTC to earn huge returns. The rate of get back is usually between 30% and 100% APY. The potential of BTC in DeFi is huge, and we now have just touched the surface. Previously month, how many Bitcoins on the Ethereum network has surged. If DeFi continues to maintain this growth momentum, this number probably will continue steadily to increase. This really is very good for the Ethereum network since the foundation of this financial structure. Unfortuitously, the current price of Ethereum remains at a low price. The price tag on ETH is currently hovering around US$230 and it has fallen by significantly more than 7% considering that the same period last month. Since the end of Might, the price of Ethereum has been fluctuating within the product range. Except for a tiny spike in mid-February, there will be little change in 2020.

[glowingobsidian]

About the recent hot and unusual DEFI's side-to-side battle

This year's currency circle serves as a packed with thrills and excitement. First, Bitcoin broke ten thousand dollars at the start of the year, which attracted countless visitors to wave the flag and shout, as though one hundred thousand dollars were before them. Then in March, once the global assets collapsed, the currency circle also staged A "Desperate Diving" directly caused many people to "leave the currency circle completely"; then it began to have good and the bad, plus some projects also fought straight back. After months of tossing, it developed to the current currency circle. Kind of situation. Today, the currency circle is calm on the surface, in fact it has already been undercurrents. Some main-stream coins have quietly given up positions, plus some projects have grown to be the focus of much attention.

There is absolutely no doubt that the absolute most eye-catching items in those two months are the DEFI projects. Maybe you can still find people who don't understand DEFI. All things considered, in the currency circle, irrespective of how fast you are, there are several slower than you. Lots of people just pay attention to a name and know it but do not know why. Moreover, I will explain demonstrably to every one in the vernacular, after which discuss comprehensive, some of the current status of DEFI, and what the future of DEFI might appear to be. 1 . Talk about DEFI in an easy-to-understand way Routine, first may be the literal interpretation of the name: DE is Decentralized, FI is Finance, together it is the abbreviation of DEFI (Decentralized Finance), needless to say, it's also called Open Finance.

DEFI actually identifies a decentralized protocol used to create an open economic climate, which aims allowing anyone in the world to conduct financial activities any time, anywhere. Wait one minute, it would appear that this explanation is too large, can you say something which every one can understand? can. DEFI would be to directly replace individuals with code automation in financial activities by way of a one-stop operation, not forgetting the efficiency improvement, but also directly eliminates the "sickness" of human operation.

DEFI applications include decentralized exchanges, derivatives, payments, digital assets, as well as other types. However , Belden might be a logic. The core would be to replace the role of people in financial activities with smart contract codes. Decentralized exchanges are DEX, payment may be the Lightning Network, and digital assets are like some DEFI. Stable coins... Derivatives really are a bit special, and I will explain them later. 2. The recent madness of DEFI The thought of DEFI was actually proposed since 2018, however when it certainly shined, it had been recently. Why? Due to skyrocketing! In the past, the absolute most famous DEFI project was the stablecoin project like MAKERDAO, as well as other projects were ostensibly dormant. However , recently this token about the concept of DEFI has been constantly rising and rising! It looks like there is no ceiling. The first to ever bear the brunt may be the foreign super-hot project compound. Its token comp used to increase tenfold in one single day. Within a fortnight following its launch on June 16, the first price of 0. 08 ETH (approximately US$18. 5) Completely forward, the best rise to 381. 89 US dollars, the best increase is close to 20 times.

Moreover, because of the crazy rise as well as other facets, compound successfully realized the login to coinbase, because coinbase's currency selection and listing will always be very strict, meaning that DEFI has completely established the image of "tall" abroad. This has triggered a spiral increase in users. Until recently, the amount of compound locked (in fact, the mortgaged assets) has reached significantly more than 700 million US dollars.

Still another representative token of DEFI, LEND, has also increased by nearly 30 times from the bottom of the year for this, that has caused a lot of tickling insiders...

Along with COMP and LEND, the decentralized DEFI project's tokens BNT, KNC, LINK, LRC, REP, REN, and so forth have all increased by significantly more than BTC and ETH this year. The information are the following:

A great many other DEFI projects will also be surging, such as for example SNX, IDEX, DMG, and so forth, which may have also caused a lot of enthusiasm in the currency circle. Based on the ranking of DEFI projects by. defipulse, it could be seen that the DEFI projects of decentralized lending take into account 1 / 2 of the most effective ten, and the residual decentralized exchanges, payments, assets, and so forth also occupy a location.

For some time, individuals from all walks of life were excited about DEFI, and began to search for DEFI projects every-where, wanting to just take the opportunity to produce a fortune. Recently, a trading platform Hufu (HOO. com) just stepped on the wind, and the united states directly launched the comp for the first time, and gained the popularity of DEFI. It has gained a lot of traffic, after which it is continuously increasing. There are many DEFI projects, and it may be considered extremely popular for a while. Its founder reviewed the current situation and create a DeFi special development fund, which is used to guide the stable development of blockchain decentralized finance, and it may be regarded as a relatively beneficial contribution to DEFI. Some friends may not know Hufu. In fact , this exchange can be an old brand. It started as a wallet after which transformed in to an exchange. The volume of spot transactions and the amount of spot transactions far exceed those of second-line trading platforms; platform lending and custody The business is promoting smoothly. The existing loan amount 's almost 100 million U. S. dollars, and the monthly turnover of custodial merchants has exceeded 20, 000 BTC. I've tried many innovative products before to attract traffic, like the auction of algo and IEO of nervos, and so forth This time the particular capture of DEFI seems unintentional. In fact , one minute on stage, 10 years of work off stage, the project is condensed behind it. Follow the team's efforts. Additionally , Hufu's boss Wang Ruixi is also a particularly interesting person. The stranger has some personal relationships with him. He also wrote articles about him "The Past of the Tiger”. Hahaha, I will perhaps not expand it anymore, otherwise I am afraid someone will run. To the contrary, I thought it had been a hard job for the tiger talisman.

Although the domestic exchanges were a bit slower, each of them swept up immediately. In accordance with CoinMarketCap data, the Comp token is currently on line on significantly more than 40 centralized exchanges in China. Among them, some trading platforms have also launched Comp contract trading, allowing users to go short; the derivatives exchange FTX has brought a step further, in addition to the COMP contract, the DeFi index quarterly contract, perpetual contract and leveraged tokens are simultaneously launched, allowing users to The whole DeFi field is short. And some perhaps not especially well-known projects, such as for example Tron-based synthetic asset platform OKS, have now been successively grabbed by a few exchanges. This situation is really surprising. Other DEFI-related projects have now been queued up on the schedules of some exchanges, and when the time is right, they are going to roar to the market. What's a lot more funny is that some projects such as for example Dforce. Even though their token DF has been launched on many exchanges, their team actually did not intervene. Anyone in charge reluctantly claimed: “Most of these went directly without contact, some ahead of time. Say hello (listed currency). " This sort of "strong upper" is apparently an unspoken rule in the crypto market, plus some exchanges use "help you to advertise" being an excuse for prevarication. All in all, throughout June, the currency circle was ostensibly immersed in the warmth brought by some DEFI projects, and also the broader market was affected to a certain degree. It really is no exaggeration to say that days gone by June can nearly be called "DEFI Month. " And DEFI established fact to every one in the currency circle, and after it has changed into a spot for hype, the test of DEFI has just begun. 3. Problems faced by DEFI You said that DEFI is really hot, is it roaring or perhaps not? Now needless to say it is roaring! All things considered, the current currency circle is really difficult, and any direction that can bring heat to the currency circle is precious.

I must say that it's a bit enchanting that DEFI is blowing in a gust of wind. Even though every thing is correct, all things considered, in the currency circle, every thing is good so long as it rises, but DEFI still has some inherent problems. If these problems can't If resolved, development may belong to chaos.

To start with, DEFI is usually to be built in line with the prosperity of the currency circle. Even though it emphasizes that it's "decentralized finance", decentralization is only an application, and the core vocabulary is finance. Since the saying goes, "If there is no skin, Mao will soon be attached. "? When the currency circle is not actually undergoing an essential bull market, the prosperity of DEFI actually ensures that the currency circle is currently in serious involution... how will you say? This means that DEFI's current rise actually has its limits. When the limit is estimated, whoever is left will be able to be satisfied with peace. This sort of thing can just only be achieved beautifully by big capital; Secondly, DEFI it self is not perfect, which will be associated with the innate attributes of smart contracts. The larger the complexity of something, the larger the likelihood of problems. If something goes wrong with some DEFI projects, it isn't a trivial problem. Consider N money, as the code bugs are locked up and cannot be removed. It's so sour... ahem, besides, there is a invest the currency circle. The milk may be the mother. How many hackers are staring at the smart contract, every single day they've been gearing around make some make money from it. The decentralized DEFI system Uniswap, LENDF and CODEX have had serious problems... As for the specific details, I will write articles later. Again, in short, it is actually risky to deposit profit the DEFI system... Once more, once the forest grows up, you will find all kinds of birds. DEFI's limelight will immediately generate a lot of followers. If you want to hurry up on hot projects, copy codes, and participate in fraud, all things considered, the currency circle, unless you hurry up I am afraid I can not even eat the hot shit when I start. The ecology of DEFI might be confused. However , this is a stubborn disease inherent in the currency circle, and it will not just eventually DEFI. Any hot currency circle looks like this. They are also some of the derivatives of DEFI stated earlier, which are now "alternative capital disks". This sort of DEFI is really embarrassing. Participants should needless to say try not to lose their assets in vain due to these rat shit. Finally, the threshold of DEFI has to be further lowered. In these days, many people participating in DEFI are only residing at the idea of buying on the trading platform. The actual participants in DEFI are now some senior capital veterans and wool parties. They eat both of the earnings of DEFI, and earn interest and currency profits. They're stupefyingly stable, and there's some residue left. Fans let retail investors take over. DEFI has yet to further simplify the complexity, to ensure that ordinary people can participate more easily, otherwise, they are going to always be smashed, even the strong sheep won't be able to hold it. I wrote a lot of DEFI's faults in a scattered way. Isn't there many people who suddenly felt fear? Can there be the next for DEFI? Don't worry, let us look down. Fourth, the future of DEFI In fact , the view of DEFI varies from person to person. All things considered, your honey, your arsenic, any new thing is developed with controversy. And in the currency circle, I am perhaps not afraid of controversy at all. The more intense the argument, the better. I am perhaps not afraid to getting people's heads in to dog's heads. I am afraid of obscurity... As for some of the problems stated earlier, they've been inevitable pains in growth.

Everyone else should grasp one thing, that's, so long as the currency circle continues to produce, the future of DEFI will become increasingly more space. The development of the currency circle is truly a means of continuous siphoning of the real economy, and DEFI is really a method to optimize and re-allocate the assets that enter the currency circle after the siphon is completed. As for if to buy tokens with the idea of DEFI will become rich, it is a topic where the benevolent sees the benevolent and the wise sees the wisdom. All things considered, the currency people care about if the tokens will rise. If the hero is simply on the basis of the rise, that is certainly Very incorrect. The popularity of DEFI will surely perhaps not continue to be so high. All things considered, this wave of DEFI's popularity is drawn from abroad. The loan of comp, namely mining, makes many foreigners feel fresh, however when it is put in China, the old leeks are typical This behavior has been bombed by mining, therefore the attitude must be a lot more plain, smiled slightly, never smoked, but satirized the foreigner who had never seen the world. In my opinion that with the passing of time, foreigners can also remember it.

The next step is to check forward to if the bull market is coming. If there is an outstanding bull market in the future, DEFI is still invaluable. Whether it's decentralized lending or decentralized exchanges and DEFI-based stablecoins, it might be in the currency Min hand is available in handy. If it certainly becomes a booster for the bull market, this gameplay of DEFI is really incalculable. If you want to study or ambush DEFI tokens, you could as well head to Hoo. com. So , the question is, when will the bull market in the currency circle come? Waiting on line, really anxious...

[nanobank]

A new game on the #blockchain #CryptoDozer overtakes the #CryptoKitties (at Munich, Germany) https://www.instagram.com/p/BxYF7bUgqI8/?utm_source=ig_tumblr_share&igshid=1dge3wul34du5