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Technology & Products
Public Chain Development
· WASM AMPL contract debugging (100%)
· Research on WASM zero-knowledge proof anonymous transfer (50%)
· WASM Sushi contract coding (100%)
· WASM RPC iOS asynchronous library commissioning (100%)
· Verification of the signature push public key algorithm and testing its codability (C++, go) through RPC (100%)
· The new lock-up airdrop contract function: lock-up users can claim the unlocked assets by entering RegID (100%)
· Porting ASWAP contract to public chain 3.0, adding platform fee processing (100%)
· Optimization of Yield Farming contract reward distribution (100%)
· Optimization of Yield Farming contract penalty distribution mechanism (100%)
· Yield Farming contract testing (100%)
· Deployment and initial configuration of WICC and WGRT yield farming contracts and Wayki-X contract completed (100%)
· Ownership of issuance and transfer rights of the bottom-level token ROG transferred to Wayki-X contract (100%)
· The initial generation of ROG completed. 10.08M ROG entered the WICC pool, 2.52M ROG entered the WGRT pool (100%)
· The first 189,000 ROG was minted in Wayki-X contract for rewards by inflation (12.6M × 1.5%) (100%)
· Transfer of 70,000 ROG to AEX for Ecosystem Yield Farming completed (100%)
· WASM developer documentation: added detailed WASM table (Simplified Chinese) (100%)
· WASM developer documentation: added call of multiple contracts and multisignature transactions in WASM contract (Simplified Chinese) (100%)
· Yield Farming back end API (100%)
· Yield Farming front end page optimization (100%)
· Yield Farming front end localization (100%)
· Yield Farming pre-release initial API docking (100%)
· Yield Farming application testing (100%)
· Yield Farming application release (100%)
· xUSD & ROG added to Instant in WaykiTimes Android (100%)
· Memory leak issue fixed in Instant in WaykiTimes (100%)
· Data loading error when swiping in Discover fixed in WaykiTimes (100%)
· Data display optimized in Getting Started in WaykiTimes
· UI debugging of several pages in WaykiTimes (100%)
· WaykiTimes 3.0.4 released (100%)
· WaykiTimes Help Center released (100%)
· WaykiTimes Getting Started released (100%)
· WaykiTimes remember password function released (100%)
· WaykiTimes iOS App Store version tested (100%)
· Google crash analysis and testing added to WaykiTimes Android (100%)
· Solved the data loading issue when swiping in Wayki-X Synths (100%)
· Wayki-X price feed delay fixed (100%)
· Amount issue in the plug-in wallet fixed (100%)
· Display error of release contract type of universal transactions fixed on the blockchain explorer (100%)
· WASM contract display specifications for the blockchain explorer completed (100%)
· Development of the Coinbase integration project (wicc-rosetta-api) (85%)
Plan for October
Public Chain Development
· Research on WASM zero-knowledge proof anonymous transfer
· Correction of ASWAP contract proof of liquidity token generation rules
· ASWAP contract testing
· Docking of ASWAP contract with third parties
· Continuous updating of coind RPC interface documentation
· Trade — transaction details HTML5 page to native page transfer in WaykiTimes
· Development of the Coinbase integration project (wicc-rosetta-api)
· On September 4, Russian volunteers opened the second WaykiChain Russian group in Telegram: https://t.me/waykichainrussian.
· On September 6, WaykiChain opened the official community in Discord: https://discord.gg/XyAkqa.
· On September 6, WaykiChain CTO Richard Chen was invited to the Blockchain + Innovative Service and Industrial Application Conference and the China Chamber of International Commerce Blockchain Innovation Service Industry Committee Establishment Conference as a member of the expert group.
· On September 11, the famous US blockchain TV program Exploring the Block tweeted about WaykiChain, showing it is optimistic about the future development of the integrated DeFi ecology of WaykiChain.
· On September 11, the famous business platform Yahoo Finance released WaykiChain project information and announced that WaykiChain CEO Gordon Gao gives an interview to NASDAQ MarketSite’s Jane King on September 12.
· At 7:00 PM EDT on September 12, world’s largest financial channel Bloomberg TV reported that WaykiChain CEO Gordon Gao was interviewed by Jane King of NASDAQ MarketSite. The interview aired on Fox Business Network at 10:30 PM EDT on September 14.
· On September 12, cryptocurrency Twitter account Crypto Catalog tweeted about WaykiChain, showing it is optimistic about the future development of the integrated DeFi ecology of WaykiChain.
· On September 13, DeFi List added WaykiChain governance token WGRT.
· On September 13, WaykiChain reached market cooperation with the Indian blockchain influencer Gmadvice who started to serve as WaykiChain community manager in India.
· On September 16, WaykiChain released “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance” on Twitter. Up to September 21, the news hit 2,400+ retweets.
· On September 17, the cryptocurrency influencer DeFi List retweeted “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance”.
· On September 18, WaykiChain reached strategic market cooperation with the Korean crypto influencer Pantera who will help WaykiChain establish a broad and strong consensus in Korea.
· On September 19, “WaykiChain Dual-pool ROG Yield Farming Korean Group” community established.
· On September 20, the influencer Crypto Wendy retweeted “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance”.
· On September 21, 130+ Korean media outlets published “WaykiChain Launches Phoenix Yield Farming with WICC & WGRT Dual-pool for ROG Genesis Issuance”.
· On September 23, WaykiChain co-founder and CEO Gordon Gao was invited to an AMA session with ICO Pantera Group, Korea’s top Telegram group (stats by u/combot), where he shared his insights into DeFi with 4,000+ Korean users and introduced WaykiChain’s ROG Genesis Yield Farming.
· On September 24, WaykiChain tweeted “ROG Genesis Yield Farming FAQ” and “Leave your question/problem toward WaykiTimes/Wayki-X/ROG Genesis Yield Farming in the Google forms below to share 800 WICC Giveaway!”, the number of engagements is 1,500+.
· On September 24, WaykiChain global partner Vincent Lionheart was invited to an AMA session to D’va Community.
· On September 24, The Business Telegraph, Bitcoin Garden, and other media published “WaykiChain Launches Phoenix Yield Farming with WICC & WGRT Dual-pool”.
· On September 24, WaykiChain tweeted the ROG Genesis Yield Farming Countdown. The news hit 1,000+ retweets.
· On September 25, ROG Genesis Yield Farming news was the day’s hit in Korea with 5,000+ views on Korean cryptocurrency forums.
· On September 1, CoinTiger listed WaykiChain governance token WGRT and opened the WGRT/USDT pair. WGRT net buy & hold competition started and the CoinTiger community joined a series of WGRT-themed challenges.
· On September 1, WaykiChain governance token WGRT successfully mapped to Ethereum and ERC-20 WGRT was created. The world’s largest DEX Uniswap officially supported it and listed the WGRT/USDT pair.
· On September 2, WaykiChain Strategic Analyst Jing Tao gave the speech “WGRT Dragon, Fly, Tiger, and Leap: Community Governance Upstart” to the MXC community and distributed 3 gold bars to the event participants.
· On September 7, WaykiChain Strategy Analyst Jing Tao attended [This Is Coin Coffee] live DeFi contest co-sponsored by Coinka, fogwu.com, and tuoniaox.com. WEDEX founder & CEO, Loopring co-founder Chen Xiaoliang and ChainNews Research Director Pan Zhixiong joined the event.
· On September 9, Gate.io selected WaykiChain governance token WGRT for the Listing Vote. Each voter had a chance to share an airdrop of 420,875.43 WGRT. WGRT passed the voting with 53,293,775 votes and was successfully listed on Gate.io.
· On September 10, WGRT/USDT trading pair and WGRT withdrawals opened on Gate.io.
· On September 10, WaykiChain released WaykiChain Governance Token WGRT Information and Addresses. The team announced that before July 1, 2021, WGRT circulating supply will be strictly controlled at 10% of the total supply, or 2.1 billion.
· On September 9 to 11, WaykiChain was invited to IoT World China & 5G China along with 400+ exhibitors including Huawei, Baidu, and Tencent. WaykiChain demonstrated the integrated public chain DeFi ecosystem that will help China’s digital construction.
· On September 11, WaykiChain Strategy Analyst Jing Tao was invited to the Bepal community and shared the speech “WaykiChain Governance Token WGRT: Accumulation and Breakout”. WaykiChain airdropped 3,000 WGRT and cash red envelopes to the Bepal community members.
· On September 12, WaykiChain Technology & Development Manager Yuanhang Xiao and Strategy Analyst Jing Tao introduced [New WaykiChain DeFi Product: Decentralized Synthetic Asset Issuance Protocol Wayki-X] in the official WaykiChain yizhibo account. During the live broadcast, WaykiChain distributed pure gold bars and branded gifts to lucky users.
· On September 13, WaykiChain co-founder & CEO Gordon Gao and Overseas Director Qiyuan Mei shared the speech “WaykiChain Opens the Era of Integrated DeFi Public Chains” in the Gate.io live broadcast room. Gate.io CPO Jiuer was the broadcast host. The guests explained WaykiChain’s DeFi strategy and revealed the launch of Yield Farming.
· On September 15, WaykiChain CEO Gordon Gao and BTC38 co-founder Tianwei Huang held the live stream titled “Eight Questions to Explain DeFi Trends and Opportunities” in yizhibo. The hosts analyzed the status and trends of DeFi, discussed DeFi deployment by public chains and exchanges, and new opportunities in synthetic asset trading. WaykiChain distributed pure gold bars and branded gifts to lucky viewers of the stream.
· On September 16, WaykiChain Strategy Analyst Jing Tao shared the speech titled “WaykiChain’s Integrated DeFi Ecosystem Layout” as the guest of btcmoney.cc.
· On September 18, Bying community invited WaykiChain Strategy Analyst Jing Tao to share the speech “New DeFi Opportunity: Phoenix Yield Farming”. WaykiChain held a WICC airdrop for Bying community members.
· On September 18, WaykiChain published the article “No Pre-mining, ICO, or Reserve! WaykiChain Launches Dual-pool Phoenix Yield Farming”.
· On September 19, WaykiChain published the article “Chapter 1. The Financial Innovation of Blockchain Reformation. The Origin, Logic, and Value of WaykiChain ROG” introducing the background of ROG, the operation mechanism of the decentralized synthetic asset system Wayki-X, and the value foundation of ROG in detail.
· On September 23, “No Pre-mining, ICO, or Reserve! WaykiChain ROG Genesis Farming and Early Release Guide” was released across Chinese media.
· On September 24, WaykiChain CEO Gordon Gao, CTO Richard Chen, and CPO Xi Zhang held a joint live stream on yizhibo explaining the future planning of WaykiChain decentralized synthetic asset issuance protocol Wayki-X, ROG, and WaykiChain DeFi in terms of business model, technology, and products. WaykiChain distributed 1 pure gold bar and 6 branded gifts to the lucky stream viewers.
· On September 24, Gate.io and WaykiChain launched the WGRT Investment Competition. The prizes are a BMW G 310 R motorcycle, a 13” MacBook Pro, a 10.2” iPad, 17 pure gold bars and 99,000 WGRT.
· On September 25, various Chinese media released “Wayki-X 101: WaykiChain Decentralized Synthetic Asset Protocol” introducing the functions and mechanism of the decentralized synthetic asset issuance protocol Wayki-X and the value of its token ROG in detail.
· On September 25, WaykiChain launched the “Looking for the Genesis Prophet” community event. The winners received 10 branded gifts.
· On September 25, WaykiChain ROG Genesis Yield Farming launched. WICC and WGRT pool quotas (5 million and 25 million, respectively) were full within just one hour.
· On September 25, WaykiChain reached ecosystem partnership with AEX. AEX became the first platform to join ROG Ecosystem Yield Farming.
· On September 25, WaykiChain partnered with Bying wallet. ROG Genesis Yield Farming is available in Bying wallet.
· On September 26, ROG, the main token of WaykiChain’s decentralized synthetic asset issuance protocol Wayki-X, was listed on AEX. ROG/USDT trading pair is available.
· On September 26, WaykiChain CEO Gordon Gao gave lectures “DeFi Financial Principles and Commercial Applications” and “DeFi Industry Panoramic Scan” at The First Offline Practical Training Camp of Hash Power University, Shanghai Station. Participants included Ontology founder Jun Li, Chainlink Labs — China Head Philip Fei, Digital Renaissance Foundation Managing Director Cao Yin, and Waterdrip Capital founding partner Zheng Yushan.
· On September 28, WaykiChain co-founder and CEO Gordon Gao was a guest at Hash Power Knowledge Base Private Meeting, Shenzhen Station where he shared the speech titled “Feasible Ways of DeFi Application Popularization”. Other guests included Ontology founder Jun Li, DeBank founder and CEO Tang Hongbo, and Huobi Research Chief Technical Researcher Tianyuan Ma.
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Cryptocurrency technical analysis: cryptocurrency assets began the rally
Top crypto assets have been in an uptrend this week. One of the reasons for the growth was the positive dynamics in the US stock market. This was facilitated by the decision of the US Federal Reserve to continue the asset repurchase program in current volumes until March 2021. In addition, a number of news has influenced the digital asset market. So, on July 25, Chief Justice of the District Court of the District of Columbia Beryl Howell recognized bitcoin as a form of money and stated that the asset falls under the money laundering law. This decision was made during the $311 million laundering case, where the head of the Coin Ninja crypto project Larry Dean Harmon is the defendant.
Also since the beginning of the week, Bitcoin futures trading volumes have shown impressive growth, and the regulated crypto exchange Bakkt has reported closing of record high trading sessions. Also, significant support for the growth of the first cryptocurrency was provided by the massive closing of short positions, which were liquidated on July 28 for more than $500 million. And on July 29 it became known that the Central Bank of the Philippines is now participating in the race to launch the first national cryptocurrency. For this, a special committee will be created that will study the issue of launching the CBDC and the legal norms necessary for its work.
BitcoinAfter a rebound from support at $9150, bitcoin quotes easily overcame the $9500 level, which now also acts as support. The 200-day simple moving average (SMA) line passes in this area, as well as the boundaries of the technical analysis “Triangle” (they are marked in pink on the chart below). This allowed Bitcoin to reach the first goal in the form of cluster boundaries of $9,900- $10,000 and $10,400- $10,500.
Now the movement is taking place within the consolidation of $10,800- $11,300. In the coming weeks, maintaining the upward momentum will allow BTC quotes to rush to the following targets — $11,580 and $12,000. divergences ”between the highs on the chart and the MACD oscillator. If this scenario is realized, the targets will be the levels of $10,400 and $10,000. Further downward movement looks unlikely, but may lead to a retest of the $9,500- $9,600 area, where whales will most likely prefer to gain new positions in bitcoin.
BTC / USD chart, four-hour timeframe
On the daily chart of Bitcoin, you can see that there was a breakthrough of the boundaries of the technical analysis model “Triangle” (in the chart below they are marked in orange). From the point of view of technical analysis, a retest of the upper border of this figure should follow in the near future. This can lead to a decrease in the price from the current resistances of $11,000 and the cluster $11,200- $11,300 back to the supports at $10,500 and $10,000. If this scenario is implemented, there is also a chance of Bitcoin falling to the important cluster of $8900 (50% retracement at Fibonacci levels) — $9580.
The presence of divergence between the BTC price and the MACD oscillator indicates a high probability of a correction. But at what levels this reversal will occur is not yet known. But until the end of this year, the first cryptocurrency is ready to maintain its growth trend, which can lead to reaching $11,800, $12,500, a cluster of $13,100- $13,350 and $14,000.
BTC / USD chart, daily timeframe
EthereumAltcoins went up after bitcoin. The ether also shows good growth, the quotes of which continue to confidently rise from the support at $233, below which the 200-day SMA line is located. After overcoming the first target at $280, the ether rushed to the next targets located at the resistance levels of $300 and $320.
Now the ETH quotes have returned to the framework of the “Flag” graphical model, which can reduce the volatility of the asset. At the same time, a correctional decline below $320 will allow big capital to gain positions. The support levels will be $300, $280 and $251. The targets for the development of a long-term upward movement are $363.80, $400 and $420.
ETH / USD chart, daily timeframe
LitecoinOn the daily chart, Litecoin confidently maintains a positive momentum, which led to a breakout of the boundaries of the Descending Triangle technical analysis model. The upward breakout of the $47.45 level, just above which the 200-day moving average (MA) line is located, allowed LTC to go to the targets of $51.50 (38.2% correction level along the Fibonacci lines) and $56.80.
In the medium term, further upward movement may develop to $60.80, $65, $70 and even $83. However, in the event of a correction from the current levels, the whales are likely to gain positions only at the previously tested levels of $50 and $51.50.
LTC / USD chart, daily timeframe
Bitcoin CashBitcoin Cash, as expected, soared from the borders of the “Triangle” price model (on the chart below the borders are marked with pink lines) to the resistance located at the upper border of the “Horizontal Channel” $200- $272. Then the altcoin continued its way to the $305 area.
A correction may develop towards the 200-day SMA line, which is located in the $272 area. But in the long run of the coming months, we can expect a breakout of the $305 level, which will allow Bitcoin Cash to go up to the $356- $368 cluster and further to $400.
BCH / USDT chart, daily timeframe
XRPXRP also took advantage of an influx of liquidity, which led to the breakout of the boundaries of the Descending Triangle model. This allowed the asset to break through the boundaries of the “horizontal channel” of $0.18- $0.2050, in the area of which the 200-day MA line passes. As a result, XRP reached its first targets at $0.2360 and $0.2540.
In the long term, the bulls will be able to take profits at $0.27, $0.2860 and $0.3080. At the same time, the levels of $0.2040, $0.2360 and $0.2540 in the event of a correction can act as supports for the current XRP quotes.
XRP / USD chart, daily timeframe
Binance CoinBinance Coin also did not fail to take advantage of the market situation to break through the resistance in the form of the upper boundary of the “Ascending Triangle” and the level of $18.14. This allowed us to start the long-awaited growth towards the first target in the form of a powerful $19.36– $20 cluster. Maintaining this momentum in the months ahead will lead to the achievement of targets at $21.30, $23.50, $25.80 and $28.20.
But before that, the asset may wait for a correction to the levels of $19.36 and $18, where the 200-day SMA line is located.
BNB / USDT chart, daily timeframe
At the end of this week, we can confidently say that another rally has begun among crypto assets. Moreover, it occurs before the start of the correctional decline on the world stock markets, which some investors warn about. Thus, the cryptocurrency market is becoming a new safe haven for whales, which have preferred to accumulate positions since March. We will not be surprised if this upward movement will last more than one month.
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The financial industry has been changing from decentralization to centralization and back to decentralization. In the early stages of the entire Internet, decentralized data was used to build a universal distributed read/write system. With the passage of time, the expandability of the Internet has become higher and higher, and the blockchain has gradually emerged, becoming an opportunity to plan and describe the blueprint of financial technology and build a next-generation Internet based on credit.
Opportunities in the era of DFC: Link the world and stand outThe global financial system has created tremendous wealth, but the centralized management of traditional financial institutions often leads to an unfair distribution of resources, and people with resource advantages are more likely to obtain funds. As global inequality becomes more severe, is there a way to break this shackle and give everyone the opportunity to achieve equal wealth growth? DeFi Decentralized Finance came into being.
In the past two years, the DeFi ecosystem has made great progress. According to Consensys reports, there are more than 100 cutting-edge blockchain projects in the field of decentralized finance. DeFi is already an economic system with a value of up to 3 billion yuan. After many years of precipitation, the DFC project has become more and more perfect, and the company has chosen to announce it at this time, taking advantage of the DeFi industry heat wave.
Create a decentralized and prosperous ecosystem
At present, the DFC project is conveniently connected with other DFC services through clearly defined APIs and standard smart contracts; focusing on its professional fields, integrating with other blockchain projects and building channels, opening the cross-chain exchange ecology to serve customers well, at the end of 2020, the lending and mining ecology will be officially launched, and mortgage lending will be started. The test network will be released in the first quarter of 2020, the stablecoin USDS ecological construction will be gradually completed, and the staking product based on DFC revenue will be launched simultaneously. It is expected that after a year of ecological testing, the main network will be officially released in the third quarter of 2021. In 2022, the construction of cross-chain ecology will be completed, and the community gradually expanded to 14 countries around the world. It will achieve the growth of millions of users worldwide, complete the leap of platform profits of tens of millions of dollars, and gradually develop and upgrade to DFC version 2.0, building more decentralized financial application ecology.
What should be the future blueprint for DFC? No one knows. However, it is foreseeable that DFC will be an important supplement to traditional finance because of its non-access feature. If the emergence of Bitcoin makes low-cost cross-border payments possible, then the development of the DFC system is the second breakthrough in the blockchain system. It is fundamentally changing the settlement structure of the global financial system.
With the development of technology and wide application, a new decentralized financial system came into being. DeFi Coin (hereinafter referred to as DFC) is a cross-chain decentralized financial (DeFi) platform created by the Singapore DIFI Blockchain Foundation. With the decentralized operation and management mechanism of DFC, DFC proves to the world that the promotion of decentralized business structure is a widely used business blueprint for human society. Every innovative product is launched with powerful support behind it.
Adhering to the direction of decentralization and financializing encrypted assets, this is the evolution direction of encrypted assets. Blockchain is born to serve the economic system and financial system. DFC stands out and is expected to become the key to the bull market.
DFC is currently building DeFi and cross-border financial solutions globally. Our scalable public blockchain supports an open financial infrastructure layer-a set of smart contracts. Developers can build products and applications accordingly, without having to start from scratch. In addition, we are also creating products that fully serve cross-border payments, allowing partners to use DFC's global settlement layer in various scenarios, such as import/export, international payroll, and international e-commerce payments.
Of course, the world's largest well-known financial ecosystem created by DFC has reached a strategic partnership with the world's leading C2B blockchain data trading platform Datawallet, Indonesia's head financial technology company Ayo Uang and other large-scale traffic portal platforms. Relying on the advantages of extensive community resources and platform resources, DFC quickly formed a considerable influence on the global scale, with a total financing amount of tens of millions of dollars, and won the favor of more than 20 top blockchain investment institutions and individual investors. At the same time, CNBC, ABC, Yahoo, "The Wall Street Journal", "Forbes", Sinovision, Xinhua News Agency, Phoenix Satellite TV, Sina, SMG Vietnam VITV TV and other top media have been widely reported.
In other words, unlike other functional DeFi projects, DFC is not satisfied with being an "upgraded version" or "alternative" of a traditional financial instrument, but hopes to work together with super volunteers with a high consensus spirit around the world. Using the underlying technology of the blockchain to build a decentralized financial ecosystem with complete bottom, rich applications, and prosperous communities.
DFC ends financial crisis, two-way enabling scenariosThere will be more and more financial products on both the B-end and C-end on DFC, and they will definitely be uneven. However, all products will enter the global unified community evaluation system, and evaluations based on product performance, safety, stability, underlying asset quality and other dimensions will also be chained to become a product traceable credit system.
It is necessary for DFC's invention patents to use blockchain technology to solve existing problems on the Internet. DFC has completely independent intellectual property rights for "an implementation of a decentralized application development platform". The underlying technology platform of the DFC blockchain has the characteristics of high TPS, low latency, security, and 3D data upload, which can fully meet the needs of Internet applications data on-chain, and has applied for more than 300 invention patents, has become the strongest technology community after BAT independent research and development technology.
It is not just technology that drives the decentralized financial system. The power of DFC’s huge community is based on the help of the global community.The global super-volunteer community allocates community traffic and capital resources at any time according to their respective behavior rights and functions. In response to the global community, the DFC project team concentrated on exploring the application of blockchain technology in the field of people's livelihood, contributing to the compliance and practicality of blockchain, and giving back to society with technology. In addition to the strength foundation laid by DFC North American technology development team, the community of South American community developers has also continuously added to the DFC system. Unlike the American community's strong interest in technology, the power of DFC's blockchain cultural ecology has been advancing the globalization process of the DFC community and market. DFC's African community has continuously contributed brand power to users around the world.
There are volunteer communities in 100 countries around the world, and the fission of more than 100,000 communities will change the global world financial system, realize the basic ecology of DFC belonging to all mankind, and bring on-chain life services to users around the world. The decentralized ecological community has promoted the progress and development of the blockchain cultural ecosystem.
In addition, it is worth mentioning that DFC includes all DeFi businesses in the current market-cross-chain asset exchange, decentralized exchanges and stable currency, financial services, loan services, and mining ecology. For DFC finance to develop, it needs to be built on the basis of other higher-frequency businesses, on the basis of the precipitation of a large number of existing assets, and on a reliable stable currency system.
According to the existing ecological deduction, if decentralized transactions can slowly become popular, there will be more and more accumulated and precipitated funds. After more and more precipitated funds, the mortgage will generate decentralized stable coins. Basically, with the flow of decentralized transactions and reliable stablecoins, the development of DFC financial business is much easier, and DFC finance is where the advantages of decentralized transactions are truly reflected, and centralized exchanges cannot really do it. With DFC Finance, decentralized transactions may go hand-in-hand with centralized transactions, or even overtake.
Since the entire community is a strong consensus ecology, the DeFi business can not only quickly land on DFC, but also realize model upgrade. In the future, the ecological scenario of DFC will continue to be concrete, detailed, and implement applications, get rid of the shackles of the platform, build a free economic world with the interconnection of everything using finance as a medium, and enable global fintech business in both directions.
Top teams work hard to build DFC services worldwideThe core of the future form of DFC is to realize a distributed autonomous borderless open financial system, and form a stable, self-evolving community autonomous financial system that supports the full integration of online and offline finance. Therefore, DFC will rely on cross-chain and decentralized exchanges and other technologies, expand the DeFi application ecosystem, establish a community autonomous financial system, implement modern financial transformation of existing digital token products according to certain rules, and improve the communication channels between existing physical finance and digital token finance. In the world of digital tokens, share the latest global economic achievements; in the future architecture, connect with the digital token system issued by global central banks and enterprises, such as DC/EP and Facebook’s Libra.
Based on this, DFC can achieve ecological closed loop and sustainable development, serving billions of users worldwide.
It is understood that the DFC team is an international team, which is composed of global financial professionals and blockchain technology talents. Its blockchain and DeFi technical teams are composed of the Musk rocket startup team, Google artificial intelligence research institution, Russian cryptography and other global diverse teams. At present, these teams have joined the DFC community in accordance with the organization principles of the open source community, and have conducted in-depth and extensive research and construction work. The participation of top international talents has prompted DFC to break through technical barriers and set off a wave of Genesis for the future.
At present, some decentralized financial products have appeared in the cryptocurrency market, and DFC is one of the pioneers. Its founder and CEO Piyush Gupta is a leader in this regard. He has held various positions in Morgan Bank, DLT Association, DAO Decentralized Organization American Association, and now Piyush Gupta said that DFC has passed the 0x Project protocol test and is beginning to break the traditional use case of Bitcoin as a value store, which has become a leader in the development of decentralized financial technology.
DFC Leads Financial Change: The Best Times for BreakersThe first important development of the financial system in history is its own transformation to the direction of "finance". This sentence sounds a bit abstract，to put it in a nutshell, when people finally have enough resources for trading and cooperation, and not just for their immediate survival, abstract finance is formed. For example, extra wheat can be exchanged for pottery, animals, or even original portrait sculptures or toys.
Throughout the history of finance, from coins to paper fiat currencies to digital finance, the latter is probably the most successful form of finance to date. It can realize the DFC vision, tokenize all assets, and open up the financial transformation of global free transactions.
At present, the total monthly transaction volume of popular crypto exchanges can exceed billions of dollars. DFC leads the next round of financial change, from infrastructure to applications to network security, DFC embraces the future of financial technology and is a major opportunity for global finance. We are in the middle of a thousand-year opportunity, there are many changes in the process , and due to our inherent limitations of thinking, we cannot see clearly the trend of future outlets. The economic cycle of DFC's future layout faces huge global challenges, but it also contains rare opportunities. Under internal and external troubles, this is the worst era, but for those who break the game, this is the best era.
" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law summarised the problematic nature of Ethereum's leadership and blockchain intervention:
" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology."Monero provides Fungibility and Privacy in a Cashless World
"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment."This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain.
"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain"For those that wish to seek more information about why Monero is a superior form of money, read The Merits of Monero: Why Monero Vs Bitcoin over on the Monero.how website.
All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment.John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin.
"Monero is a really good one. Monero is an incredible currency, it's completely private."There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money is aware of Monero and gradually filtering in.
"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them."When the Spagni CNBC video was recently linked to the Monero subreddit, it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining:
"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯"u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description:
"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money."Setting up a wallet can still be time consuming
I was a university student at that time, I was trying to mine some Bitcoin but it was very complicated at that time, and I was not very good in Eng at that age so I didn't make it, but this boy not. I gotta say I'm kind of jealous of him, but he actually put a lot of work so he deserves it.submitted by haichauBK to teenagers [link] [comments]
"While fleeing from the police, Finman saw a man in a shirt with a Bitcoin logo and he asked him What is Bitcoin. That prompted Finman to do his own research on cryptocurrencies and bought 100 BTC" => Teenager,s be curious and you can be rich as this kid!
Buying $ 1,000 Bitcoin at age 12, now the 20-year-old has a net worth of $ 4.5 million
Finman grew up in Post Falls, a small town outside Coeur Keyboardlene, Idaho, USA. His parents met when he was a PhD student at Stanford University and Erik was the youngest of their three sons.
Finman first learned about Bitcoin from a "hippie" (a term used to refer to the eccentric young people against the conventions of society) in a demonstration and he thought it sounded promising.
In an interview with Cheddar, Finman shared the original story of how he discovered Bitcoin. Specifically, Finman's brother took him to a demonstration after the 2008 financial crisis. While fleeing from the police, Finman saw a man in a shirt with a Bitcoin logo and he asked him What is Bitcoin.
"I thought it would end Wall Street, all corruption and bad things," Finman recalls the sentence of the stranger.
That prompted Finman to do his own research on cryptocurrencies, and he decided, along with his brother, to do something important. Finman used $ 1,000, the money his grandmother intended to save for later studies, to buy about 100 Bitcoin. At that time, each of these cryptocurrencies was worth only about 10 to 12 USD.
"Every day after that, I spend time trading to earn more," Finman said. "For three years, I simply made Bitcoin transactions and went to school."
At the age of 15, Finman sold Bitcoin worth more than $ 100,000 to raise money to start an education startup and drop out of high school.
Part of the reason Finman sold Bitcoin was to participate in a $ 8,500 lottery to meet his idol, Reddit co-founder Alexis Ohanian. As a result, Finman won and met Ohanian.
Alexis Ohanian, co-founder of Reddit, who inspired Finman.
Finman was inspired by his own negative experiences with the school to create his educational startup, called Botangle. Sharing this, Finman said he hates school. He said a teacher told him to quit school and get a job at McDonald's.
In June 2016, Finman posted feedback on Instagram with an email screenshot sent to his former mentor with the subject line "Look at me now!".
The caption of the photo read: "I have to send this email to the high school teacher who told me to drop out and go to work at McDonald's."
And so Finman created Botangle – a company that pairs students with online teachers – and he dropped out to work on it himself.
And Finman raised the bet in a bet with his parents: If he became a millionaire at the age of 18, he wouldn't have to go to college.
After applying for an internship at a startup selling Sprayable Energy, Finman moved to Silicon Valley. Sprayable Energy is a product, described by him as "Red Bull to your skin". It's like a "topical caffeine spray," and the manufacturer recommends that users spray it on their necks to boost their energy slowly.
About two years after starting Botangle, Finman sold his company for 300 Bitcoin at age 17. However, in a recent share, the young man said he bought the brand because "liked the name so much".
In June 2017, at the age of 18, Finman became a millionaire when the value of Bitcoin surpassed $ 2,700. It means he won the bet with his parents.
Finman's first car was an Audi R8, now he keeps it in a garage in Los Angeles. This 2020 R8 Coupe costs $ 170,000.
However, the young man also began to cultivate what he called a quirky personality on social networking Instagram – "half … my own satire" – to draw attention to upcoming projects. mine.
And his Twitter profile is "The appeal of new money".
"I turned Instagram into a crazy tool, to look like an eccentric young Bitcoin millionaire. You know, kind of a pattern fit," Finman said.
In an interview titled "Bitcoin Millionaires Are Preparing to Go," Finman said: "I woke up from a blanket made of hundreds of dollars. I stood up, they fell off my face and then I put on my Yeezys shoes as soon as I got out of bed, then brushed my teeth with a high-class brush. It was just a normal day in life.
In May 2018, Finman led a team of engineers to create an Octopus Octopus Dr. suit in real life.
In December 2018, Finman led Project da Vinci, in which a group of teenagers will launch satellites into space.
In May 2019 Finman launched CoinBits, a Bitcoin investment tool.
In August 2019, the Metal Pay project launched with Finman as an investor and he called it "Facebook's Libra killer." Yahoo Finance called Metal Pay a "peer-to-peer payment startup".
"If necessary, I am ready to put all of my bitcoins here," Finman said in his project announcement video. "I am willing to bet everything".
"I don't usually look like an investor guy, but I just want to be part of the team and then just do something together, push it forward," Finman said.
Finman currently holds 446 Bitcoin, about $ 4.5 million, at the current exchange rate of over $ 10,000.
This guy also has an apartment in San Francisco and New York City, and he also spends considerable time in Los Angeles. Finman will turn 21 in October.
Share on his next project, Finman said that he is preparing to do something in the field of education and will publish it soon to everyone."
Yahoo. Search. No matching results for '' Tip: Try a valid symbol or a specific company name for relevant results . Mail; Finance Home. News; Market Data. Videos; Industry News. Work & Management; Personal Finance. Brexit; My Portfolio; My Screeners; Watchlists; UK markets closed. FTSE 100 5,860.28 +74.63 (+1.29%) FTSE 250 18,109.57 +215.15 (+1.20%) AIM 980.45 +11.44 (+1.18%) US elections. How ... Discover historical prices for BTC-USD stock on Yahoo Finance. View daily, weekly or monthly format back to when Bitcoin USD stock was issued. Bitcoin Price Closes Above $13K for First Time Since January 2018 Driven by a Flurry of Good News. Bitcoin had previously failed to close above $13,000 every day since Jan. 15, 2018. Yahoo. Suche. Keine Ergebnisse für „“ Tipp: Versuchen Sie es mit einem gültigen Symbol oder einem bestimmten Firmennamen für relevante Ergebnisse. Mail; Finanzen Startseite. Mein Portfolio; Newsticker; Finance Viral; Branchen. Börse. Technik; Verbraucher; Tools; Deutsche Märkte geschlossen. DAX 12.645,75 +102,65 (+0,82%) Euro Stoxx 50 3.198,86 +27,45 (+0,87%) Dow Jones 30 28.335,57-28 ... En Yahoo Finanzas, encontrarás gratis cotizaciones de acciones, noticias actualizadas, recursos de gestión de cartera de valores, datos de mercado internacional, interacción social y tipos hipotecarios que te ayudarán a gestionar tu vida financiera. Atrás. Bitcoin USD (BTC-USD) Añadir a la lista de favoritos. CCC - CoinMarketCap. Divisa en USD. 13.069,88-7,13 (-0,05%) A partir del 10 ...
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