The total value of assets (TVL) locked in the current DeFi application has exceeded US$2 billion, of which US$1 billion was poured in during the three weeks of June this year! More importantly, according to a report by Messari, the DeFi platform now releases a total of $25 million worth of assets to users for Bitcoin price in USD todayfree every month. All this is related to the so-called YieldFarming phenomenon. Basically, liquid mining involves using crypto assets such as BAT and USDT for lending as much as possible.
Unlike the other BitcoinCore members who adhere to the 1MB block size and co-founded the Bitcoin technology company Blockstream, Gavin has always been a firm supporter of large block expansion. When the actual block size of the Bitcoin network reached 150K in 2013, when Jeff Garzik's expansion suggestion was raised again (for details, please see: "How does Satoshi Nakamoto view the controversial expansion issue? | The Secret History of Bitcoin"), Gavin naturally Become the main promoter of large block expansion.
This article specifically mentions "Bitcoin" only because it is the oldest, most liquid and most widely used cryptocurrency in existence. The ideas presented here are not only applicable to Bitcoin, but to the entire cryptocurrency. Another cryptocurrency may one day replace Bitcoin. In this case, I hope that it will perform the same as the Bitcoin I described. Diversifying research may mitigate this impact, but it is beyond the scope of this article.
A Jianping: Although the paths are different, this article does condense the view of the 20th century economics on the relationship between property rights and market economy. The highlight is the second paragraph: Bitcoin’s competitors are local governments, legal systems, and property rights—the most basic link in the existing social system, not the payment methods built on it. But critically speaking, Bitcoin may not be completely independent of independent property rights. At least it still needs a place with a legal system to protect property rights so that miners can mine with peace of mind and full nodes can safely keep accounts; but in more cases , It is to collect and sum up the property rights protections in various places, and then broadcast them to all parts of the world, so that Bitcoin users can enjoy this powerful property rights anywhere.
tZERO's financing model is actually a conversion from ICO to STO (SecurityTokenOffering). According to related reports from Cointelegraph, at the end of 2017, tZERO did not initiate financing in the form of STO (SecurityTokenOffering), but in the form of ICO. In the initial stage of financing, the leaders of the cryptocurrency industry and traditional industries made a financing commitment of 100 million US dollars within 12 hours, which shows the influence of its parent company.
In addition, despite widespread misgivings, the price of USDT remains at around 1 U.S. dollar, and its role is to replace U.S. dollars in transactiBitcoin price in USD todayons. Traders use it to quickly transfer funds between cryptocurrency exchanges without the need to use bank wire transfers. At present, wire transfers are very slow and difficult to implement in cryptocurrency transactions.