Satoshi Masamoto: 5 daily high-quality articles on cryptocurrencies
Today's content includes:
1. Ethereum: the concept of money games;
- DeFi this year: There is not much time left for other public chains
- DeFi locks up to $ 1 billion milestone but cannot be taken lightly
- DeFi: Ether Exodus?
- Funky and useful: these 12 new Ethereum things you can't miss
- ETHDenver, the largest Ethereum hacker in the U.S .: What are the continuous new projects for DeFi?
- Ethereum's DETH: 2020 may be a particularly crazy year
2. Binance Defi Report Phase III: 2020, DeFi's Borderless State;
3.StakerDAO — a new DAO based on the Tezos blockchain;
4. The 12 currency circle terms often spoken by foreigners and you do not understand;
5. 2020 of DAOstack.
Ethereum: Money Game View
David Hoffman enters the first Ethereum milk essay of 2020. It is still like the "Ethereum is money" that he has continuously instilled in everyone in 2019. In this article, he continues to inculcate the idea to everyone. If he does not die in the Yellow River, he will let Ethereum milk grow old. But he talked about it from a game playing perspective, which is a more interesting direction of entry. Ethereum is a game that humans are playing. Humans build a fully engaged digital world game through Ethereum.
The common belief is the pioneer of digital value.
– Bitcoin: the first number game
Bitcoin is the first digital value of the universe. All previous forms of value were similar, real, and tangible forms of value. However, this is just a form of digital value for games: Bitcoin games.
Bitcoin = an accumulated digital game. Bitcoin is the simplest version of digital games. Bitcoin said to the world: "There is something scarce in these numbers! Go find them!" (Refer to the Japanese animation One Piece storyline). Bitcoin games started as a proof of concept, and as a result, many players wanted to play Bitcoin games. What if we get bored with "Finding Bitcoin!" Are there more fun and complicated games?
– Development of Ethereum: the prospect of unlimited gaming
Ethereum is Turing-complete, which means that any imaginable game can be constructed. This maps to the real world: every decision you make is a minigame in the big game of life. The combination of the molecular composition of matter and the laws of physics makes the universe itself "totem-complete." The universe is the playground of all possible games.
That's why Ethereum is so important. It is the digital world of digital games. All possible sets of all digital games can be built on Ethereum. Ethereum is our game world, and Ethereum is our game score.
In this new digital economy system: Ethereum is the government; Ethereum is money; transaction fees are taxes.
Ethereum rules are enforced by EVM. The EVM decides whether the operation performed on Ethereum is valid or invalid. In the physical world, EVM is equal to the laws of physics, and the same thing happens with the approval of EVM.
The acquisition of value is an inherent part of life. The meaning of life is tied to the value you gain and gain in your life. Evolution chooses creatures that can realize value. However, in the real world, value is perceived and subjective. We all achieve achievement in different ways.
Ethereum is a new level of survival, with a new value system and new participants. The value of Ethereum is priced in ETH, which is completely objective. Creatures on Ethereum are open source applications, and each creature is competing for Ethereum.
Ethereum has its own value acquisition mechanism. It is the "house" of the casino and has an unfair advantage over all other applications; it issues ether to its stakeholders. The issue of Ethereum makes it more difficult to compete with ETH applications. In a similar way, higher interest rates by the central bank make it more difficult to obtain funds.
Full text link: https://medium.com/@TrustlessState/ethereum-the-money-game-landscape-1b9fdb05f842
Binance Defi Report Phase 3: 2020, DeFi's Borderless State
Will innovation and growth within DeFi continue to extend beyond the crypto industry? This is a Defi report made by the Binance Research Institute and the Dapp.review team. It is also the third issue of the Binance Defi report. Here are some key points:
DeFi has become one of the key growth areas of Ethereum since 2019. Other competitive public chains are also building DeFi products, but the pace is much slower than Ethereum.
Ethereum-based DeFi users are still small, with an average of more than 40,000 users per month, of which 90% are using decentralized exchanges.
At the same time, the number of active projects (that is, more than 50 users per day) nearly doubled in 2019, and more and more developers are developing new products and building new services.
From the beginning, the DeFi field has been dominated by SAI / DAI, which is a decentralized stable coin minted in the MakerDAO ecosystem, and its MCD (Multi-collateral Dai) was released in November 2019. Since then, the migration between SAI and DAI has occurred at a rapid pace, with an estimated 64% of supply being converted (as of December 31).
Due to the richer supply of USDC, different interest rate dynamics, and higher stability of pegged prices, the inclusion of USDC into multiple DeFi platforms poses challenges to DAI.
Lending platforms like Compound are increasingly challenging Maker's dominance, measured by the total value of collateral locked by DeFi.
The number of decentralized exchanges has also increased. Uniswap is used by 19,000 users, with a total annual transaction value of $ 390 million. Similarly, Kyber is used by more than 35,000 users, with annual turnover of $ 387 million.
In 2020, we expect that new developments in Ethereum-based DeFi (such as derivatives, under-mortgage initiatives, and the inclusion of ERC-20 USDT) will become a basic part of DeFi, and due to such reasons, more Defi The project will be assisted by more outstanding cross-chain interoperability solutions.
Full text link: https://research.binance.com/analysis/defi-3-2020-borderless-state-of-defi
StakerDAO — New DAO based on the Tezos blockchain
This is based on DAO on Tezos. There is a StakeDAO on Ethereum, so I was wrong at first. This is StakerDAO. Although it is a DAO, Tezos itself is famous for governance, so it is not too surprising. But this StakerDAO has also gotten good attention in Defi. This article focuses on what exactly StakerDAO is. You can roughly understand that it is a MakerDAO-like platform based on Tezos, but it is not limited to stablecoin management platform. Instead, it tries to learn from MakerDAO's management model and put all of the LEGO combo packages of Ethereum Defi on one platform.
StakerDAO is a decentralized, secure and compliant platform for managing financial assets based on the Tezos blockchain.
From a design perspective, we adopted the Tezos Agora process, which was reconfigured and renamed Staker Agora for our specific use case. STKR token holders are responsible for electing the council and working with the operations team to submit monthly Staker proposals. Examples of proposals may include, for example, tokens that launch synthetic tokens, index funds, or stable tokens. As these projects generate revenue, profits eventually flow back to STKR token holders.
Building on MakerDAO's successful experience, StakerDAO also seeks a similar approach that allows value to be generated from the underlying DeFi protocol, and new DeFi applications are expected to pass through Staker Agora in the first or second quarter of 2020. However, stablecoins are not the only concern, but also the ability that StakerDAO will eventually possess.
The upcoming StakerDAO will combine the world of DeFi and decentralized governance. Where Tezos has demonstrated its strength in providing first-class governance structures, high levels of engagement, and inspiration from MakerDAO's economic model, StakerDAO will embody the future of decentralized financial governance.
Full text link: https://medium.com/tezoscommons/stakerdao-a-new-dao-built-on-the-tezos-blockchain-10eddab05e26
12 currency circle terms that foreigners often talk about but you do n’t understand
This kind of article is especially needed for Xiaobai, because the currency circle does have its own cultural capital, and this article is mainly some foreigners often talk about, and many people do not understand some currency terminology, so It is still more suitable for sharing, which can help us understand more when we look at some Western currency circles.
1. HODL Although HODL is usually spelled in uppercase letters, it actually means "hold". The history of this term dates back to December 2013, when a veteran of an official Bitcoin message board wrote "I AM HODLING" in a post, humorous typos later became popular and even gained new meaning
2.Faketoshi Faketoshi is the way the Bitcoin community refers to Craig Wright. He is an Australian computer scientist and businessman who claims to be the creator of Bitcoin Satoshi Nakamoto.
3. Whale This term is derived from the casino term and refers to the wealthy players.
4.Bag On Wall Street, holding Bag is an investor who has held his shares for too long, and suffered huge losses in the process. In the currency circle, it means the currency that is fastened.
5. To da moon to refer to the extreme spike in prices.
6.When Lambo? Cryptocurrency trading is about making money fast, so a fast, luxurious Lamborghini image is a measure of success.
7. Rekt Rekt is also a misspelling term that originated among game players and is used to describe a player that has been completely destroyed.
8. FUD FUD is an abbreviation of "Fear, Uncertainty, and Doubt" (sometimes even "facts don't like"). The term originated from economists and describes how negative human emotions affect the market.
9. FOMO Bitcoiners call them newbies who are “worried about the fear of missing out” and they buy because they are called out.
10. Compulsive Cryptocurrency Disease (OCD) Checks the price of Bitcoin or another altcoin every minute.
11.Shitcoin is a worthless altcoin sometimes used for nicknames.
12. DYOR "Do your own research" (DYOR) is a common suggestion for any newcomer. Always maintain DYOR, and avoid being tempted by others.
Full text link https://hackernoon.com/between-bagholders-and-whales-16-bitcoin-slang-terms-every-crypto-trader-should-know-gyu32nd
As one of the DAO themed projects with money to speculate, DAOstack's 2020 plan is actually worth paying attention to. The value of this article is to talk about what DAOstack has in 2020. It is also foreseeable that DAOstack will do a lot to promote the DAO concept in 2020.
necDAO necDAO is the latest DAO release and it is a trend for community funding and application governance DAOs including Genesis, dxDAO and PolkaDAO. Ethfinex decentralized exchange is now DeversiFi, and necDAO is its "decentralized neural center", "enabling the community to democratically drive the development of the Nectar ecosystem, while providing people with a new way to promote and reward their talents" .
DAOstack will help ETHDenver. DAOstack will make a big debut at ETHDenver 2020, in the event's hacking and speaking section, and the largest running DAOfest. Our team will occupy an important position at ETHDenver, give talks and provide support and bounties for hackers. Team members will showcase collaborative networks, dHacks, software stacks, etc.
2020 Software Advances Alchemy Mars will be released to support the basic collaboration needs of large communities looking to collaborate on a clear and concise agenda. These needs include creating a community, defining its mission statement, developing it, fundraising from the bottom up, making decisions together and facilitating discussion. The back end will be upgraded and simplified. More governance plugins will be added.
Full text link: https://medium.com/daostack/daostack-in-2020-18cf98b01bea