Evening Must-Read | The Future of Blockchain in China

Key Points | Blockchain's Future in China

1. What is BlobsLianGuaice? Why is BlobsLianGuaice important for NFT?

BlobsLianGuaice is a new blockchain-based resource market, different from the traditional blockchain space we are familiar with. Ethereum will soon start selling “blobs” instead of just selling blocks. These blobs are essentially temporary data blocks for transaction data and can be processed efficiently and flexibly. Click to read more

2. The past, present, and future of Ethereum PBS

The original design concept of Ethereum was for one party to handle the entire process of block creation. This involved aggregating transactions from the memory pool, creating block headers, and either finding a golden nonce in proof-of-work or signing the block header in proof-of-stake. In the early years, block creation was simple: mining nodes extracted transactions from their memory pools, sorted them according to gas price (representing the computational workload of each transaction), and kept them within the gas limit of each block. However, with the rise of decentralized finance (DeFi), this method of block creation has undergone significant changes. Click to read more

3. What do we mean by “institutions” when we talk about institutional involvement in cryptocurrencies?

We are in the season of cryptocurrency conferences in the United States. It is expected that discussions such as “institutions are rushing in” or “what do we need to achieve institutional adoption” will be widespread. The fundamental problem is that in the United States, the term “institution” usually encompasses too much, and the reality is that when it comes to cryptocurrencies and institutionalization, you have to think more carefully. Click to read more

4. Conversation with MetaMask Co-founder: Why is MetaMask Snap so important?

Recently, MetaMask released MetaMask Snaps on Permissionless II. Users can use this feature to achieve interoperability with Bitcoin and non-EVM blockchains. When industry-leading wallets begin to expand their ecosystems, integrating more tokens and features from different chains, is this the “Chrome extension” moment for cryptocurrencies? Is it the way to attract the next billion users to cryptocurrency? Click to read more

• Chen Bin, General Manager of Wanxiang Blockchain Trusted Digitalization of Assets is the Passport for the Integration of the Real Economy into the Digital Economy.
• Commitments will be recorded on the chain Awakening Long-termism
• The future of blockchain is in China

5. The future of blockchain in China

This is an article that has been on my mind for a long time. Friends often ask me, why did lawyer Mankun choose blockchain as the industry he focuses on when it is not allowed in China? Isn’t it a challenging industry for you to provide legal services in a field that is not allowed? To be honest, it is precisely because many peers and even friends in the blockchain industry hold such views that it becomes even more promising for us. The earth may be flat, but there are still some hills. As a new thing, blockchain technology has only been around for 14 years, and its development has been full of twists and turns, not only in China but also globally. Since its birth, China’s regulation of blockchain has always been progressing in a positive direction, although this positive progress has been achieved by constantly drawing up negative lists. Click to read more

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