【ethereum blockchain explorer】

To put it simply, the interest rate model is adjusted on the basis of mainstream lending agreements such as Aave. By adjusting the fund utilization formula, the interest rate can be more sensitively adapted to the real capital supply and demand situation of the market in real time, instead ofethereum blockchain explorer the existing mainstream interest rate. The linear method of the model increases the interest rate. This can prevent the occurrence of a loan agreement that can only watch users use low-cost borrowing on their own platform and then deposit to other platforms to obtain high mining revenues for arbitrage. This will cause borrowers to have no incentive to provide loans, and lenders are unwilling The situation of repayment as soon as possible eventually led to the exhaustion of the liquidity of the loan agreement. The dynamic interest rate model is dedicated to solving such problems.

Therefore, the impact of attacking a certain mining pool node of Bitcoin and Ethereum on the network is relatively small, so why does the POW network not improve the efficiency of the chain?code your own bitcoin minerIn fact, this is mainly because the POW chain requires a large number of calculations to determine the hash value, which increases the difficulty of tampering and forks to a certain extent, thereby ensuring security, although the current block generation speed of some POW chains is also Increase, but we can clearly compare the problem that may exist when the speed increases, that is, the problem of easy bifurcation.

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Bitcoin is a block in 10 minutes, and it is not easy to forkEthereum has a block in about 13 seconds, and sometimes an uncle block is needed to ensure that the transaction does not forkA public chain with a higher block generation rate has a block every two seconds. Except for the uncle block, there is a certain rejection rate when mining to ensure that there is no fork.The faster the chain, the higher the possibility of forking. Therefore, in order to ensure a complete chain, it can only bring a higher rejection rate or try to ensure the computing power while increasing the ability to perform multitasking at the same time. The fork will soon be strangled into the cradle.For non-POW public chains, this does not happen, because they no longer need to rely on competition to ensure their own block qualifications, some are in turn, and some are random, so that they wait until the node has a block. In the case of block qualification, only a small amount of computing power is required to successfully generate eligible blocks. Because of this, the non-POW public chain itself can have high block generation efficiency, and most of the resources will be used above the block generation speed.

The future Ethereum 2.0 adopts the method of sharding. In fact, it decentralizes the rights of nodes and realizes another mode of decentralization as a whole. However, from the perspective of each shard chain, it is still It is relatively close to centralization, so just like others' laughter, most public chains run in centralized computer rooms. As long as the computer room is powered off, the public chain can die for a large amount of time. It is biased, but it can show that there is still a long way to go in the exploration of public chains.Few institutional investors take risks on high-growth stocks because of price volatility and the innovative nature of the business. However, Cathie Wood, the head of ARK Investment Management, has become an investor. Wall Street investors invest in technology. Cathie Wood manages more than $53 billion in assets in her hedge fund. The top 10 investments account for 35 of the portfolio. %. And in 2014 founded ARK Investment Management Company. Her fund has now become the US Environmental Fund.Benqi is the first native lending agreement on Avalanche, led by Ascensive Assets, with participation from Dragonfly Capital, Spartan Group, Ava Labs, GBV Capital and other institutions. Benqi's current products are similar to most mainstream lending platforms, adopting the borrowing model of a pool of funds, and all product mechanisms are quite satisfactory, without much innovation.

Project FeaturesAs mentioned above, Benqi itself does not have much innovation in mechanism. Its TVL soaring comes from first-mover advantage on the one hand, and from the 3 million US dollar liquidity mining jointly launched by Benqi and the Avax Foundation on the other hand. In addition to mining subsidies, Benqi itself will also distribute project tokens QI to the users of the agreement as a reward. The total monthly subsidy amount exceeds 10 million U.S. dollars.Business conditionsBenqi is the largest project in the avalanche protocol ecology. According to data from DeFi Llama, its TVL has accounted for 47% of the total TVL of the avalanche protocol.

We can find that Benqi's high total funds and capital utilization rate are largely due to the higher token subsidies at the current stage.Product UI/UX

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Benqi's product interface is relatively simple and quite satisfactory. Compared with Qubit and Beta Finance, it displays less data and still has room for improvement.Last week, I became a consultant for Sushi.com. In the past year, we have gone through a crazy journey, from launching the income farm to migrating more than one billion US dollars from Uniswap to Sushiswap in "Vampire Attack".When Chef Nomi decided to cash in on the road, he was experimenting with human greed. Many community members not only believed in the initial value from the first day of the project, but also decided to continue to invest in construction desperately. They fell into the abyss and then stood up again.We now have more than 20 core contributors, able to integrate all UI into one, and launch another two protocols Kashi and Miso, which are deployed on more than 10 EVM compatible chains (Polygon, Arbitrum, Fantom, Harmony, xDai, Avalanche, Moonriver and many more). We are trying a new NFT project. Trident has opened the source code a few days ago. I feel confident that the current team can pursue and develop this without me. project.

I will change from day-to-day operations to a consultant role to help cultivate the next generation of teams built on Sushi, support from the side, and help the wider DeFi ecosystem, no matter where they are deployed, it doesn’t matter. I still believe in the Ethereum community, especially after Layer 2 goes live. The most exciting experiments all appeared in Ethereum first. Of course, such exciting attempts are being made elsewhere.I have been working hard to make Sushi a leaderless organization. My role is a contributor. I don't want anyone to recommend any member to the throne and become the so-called "leader" of Sushi. I will encourage decentralization as much as possible. Some things are crucial, such as on-chain governance, recommendation programs for various products (Kashi and Trident!), oSushi guides emissions in a transparent manner, and so on.The liquidity providers of Sushi and ETH, as well as the holders of xSushi, have the best team in the DeFi world to serve them and should be fully utilized.I want to stay in the vault multi-signature group, but if the community does not want this, I will also withdraw after the snapshot vote.

I hope the community will not forget:All double reward programs

见善必迁网

New agreementSushi is not Maki, and Maki is not Sushi either

MOVR liquid mining project, community members will be responsible for how to operate the funds (0.25% of the supply! Nearly 10 million US dollars at current prices)Support Avalanche Rush Incentives – Polygon – xDai – Celo (our LP's transaction volume exceeds 75 million US dollars)All funds that join the community believe in this vision of DeFiAmazing items were first launched on Sushi, and will likely continue to be launched here!Expand this team from 1-2 people to 24 peopleKeep Sushi's fun, open, "Degen", and radically different!

The future of France has never been so bright!On a personal level, I put Sushi before physical and mental health, relationships, family and friends. In the next month or two, I will slow down. It must be interesting to build on top of Sushi. Unfortunately, I will not post spam on Twitter. Maybe I will de-anonymize it a bit? Write an in-depth book...Who doesn't want a Hollywood-produced Sushi/DeFi version of "Social Network"? Ha ha. I might divide my BAYC ape into several parts for fun, and then airdrop it to everyone in this community.

After all... We are 0xMaki in some ways, and we have no intention of leaving this space. I have joined the community for a long time, and I am ready to come back when the community needs it. I am a lifetime asset of you.Blockchain News, September 18 The intersection of blockchain and games will undoubtedly become a hot topic in many industries in the future-there are actually many similar topics. But in this field, there is a new trend that is very interesting, that is, play and earn (P2E) games.

The "two giants" in the game fieldIn the field of "playing and earning" games, the two most famous projects are Axie Infinity and YGG.

Axie Infinity created an unprecedented type of game that is "play while earning", just like "Candy Legend" created the dominance of free-to-play games in 2012.At this stage, Axie Infinity already has more than 1.5 million daily active players, mainly in the Philippines, Indonesia, Brazil, Venezuela, India and Vietnam. For thousands of users, playing Axie Infinity has become their source of livelihood, and sometimes the revenue provided by this game far exceeds their income from working locally. Although most players are not native users in the crypto industry, through viral word-of-mouth marketing, many people have learned about the Axie Infinity game. The explosive growth, global influence, and extensive revenue generation achieved by the Axie Infinity game is indeed impressive. The reason for this achievement is mainly because they created a new game model of "play and earn". In terms of gameplay, Axie Infinity is similar to Pokémon. Players need to breed and breed Axies, a cartoon character that looks like a salamander, and then participate in the battle. The difference is that instead of winning points, the winner gets the game’s native token-Smooth Love Potion (SLP). This token can be immediately transferred to another crypto asset or used as collateral, or Cashed as legal tender. Axies and the digital land of games can be bought and sold between individuals as NFTs, and they even launched a governance token (AXS) that allows holders to determine the future of the game.Another project is Yield Guild Games (YFF), which is a "guild" aimed at the new "play while earning" economy. This union is managed by a decentralized autonomous organization (DAO) for those who want to professionally play Axie Infinity and Other people who "play and earn" games provide "scholarship" incentives to share part of their income. Therefore, this decentralized autonomous organization holds NFTs from various Metaverse games, making its governance token YGG an index of game earning economy. Although the project is still in its infancy, there are already more than 4,500 "scholars" with weekly transactions exceeding US$1 million.In recent months, some other "play while earning" mode games have become more and more popular, such as CryptoBlades, Zed Run, Cometh, REVV, etc. In fact, in the "play while earning" mode games have obtained orders. After the jaw-dropping success, this game revolution is very meaningful for big-name game developers. This trend cannot be ignored. In the future, we may see some mature game industry participants begin to incorporate these ideas into their games, and Bring this game mode to a wider audience.

There are three major shackles in the traditional game industryGaming is an industry that covers the world: There are currently more than 2.7 billion gamers in the world, mainly in Asia, Europe and Latin America. In addition, games are firmly integrated into the daily lives of many people: 60% of Americans play video games in some form every day, and video game streaming has 1.2 billion viewers every year. For example, Fortnite is a popular product of Epic Games. Last year, there were more than 350 million live players per month and generated 5.1 billion U.S. dollars in revenue, which shows that even a single game can achieve great success. Some analysts predict that the value of the gaming industry will exceed US$300 billion in the next few years.

However, despite the promising development trajectory of the game field, there are still three major shackles:Shackle one, traditional game players don't really "own" anything. Players mainly buy clothing, weapons, props, etc. on in-game items, but even so, last year's consumption in this area still exceeded US$50 billion. However, in addition to improving player performance and game fun, these game items cannot be used for any other purpose, nor can they be sold, lent or mortgaged for any game items purchased by themselves. These purchase transactions are not real investments.

Shackle two, the interoperability between traditional games is very limited. To a large extent, many games on the current market are still walled gardens: they are independent of different "game worlds" and have their own items and experiences. Of course, this problem is not surprising! Game developers want to gain complete independent control over their own creative efforts, but what if game developers can collaborate with each other in more complex ways?Shackle three, traditional games lack business model options. At this stage, more than 80% of total digital game revenue comes from free games (or "freemium games"). In some successful paid games, most of them only get income through the purchase of skins, which will also limit the design space of some developers. Form follows function. As more game developers launch new business models (such as secondary NFT sales commissions), new game forms will also appear.

Why the "Playing and Earning" game can get a big explosionIn fact, there are five major trends that have driven the explosion of "play while earning" games:Trend 1: The blockchain network continues to expand. Remember the network congestion caused by the "crypto cat" CryptoKitties game in 2017? But now, with the emergence of the second-tier Ethereum expansion protocol, a new high-throughput blockchain, and other scalability solutions, there has been a solid foundation for the vigorous development of blockchain native games;Trend 2: NFT becomes mainstream. Many innovations, including the ERC-721 standard, have spawned the recent upsurge in NFT applications. Game companies now have the tools to NFT games, and more importantly, the public can better understand why rare game assets are valuable.

Trend 3: DeFi tools and architectures are increasing. Many basic decentralized financial industry tools (for example, AMM automatic market makers) have been tested in actual combat and have been widely implemented. Game developers can combine these tools to realize game financialization and promote purchase, lending, mortgage and other basic financial activities Now they can all enter the game field smoothly.Trend 4: Web2 interoperability. Many traditional large-scale technology giants have also begun to join the decentralized ecosystem, and have also opened up a new distribution mechanism for encryption-driven games. For example, Apple’s recent changes to the App Store can make it easier for iOS users to directly access NFT-based “sides”. Play and earn” game.

Trend 5: Metaverse. "Meta universe" has become a new frontier of digital experience, and the rapid rise of this emerging concept has even aroused Facebook's interest.Summarize

This summer, Axie Infinity achieved explosive growth, and many people were also very excited about Yield Guild, which in turn promoted the flourishing of "play while earning" games. After this craze, traditional game giants and cryptocurrency thought leaders have also begun to pay attention to "play while earning" games-under this strong tailwind, what other projects will be built in the future is very worthy of attention. For investors exploring the field of "playing and earning" games, now is of course a very "fun" moment, but from a broader perspective, it also marks the occurrence of our views on labor, leisure and value Changes-therefore, the "play and earn" game is definitely an important trend we must pay attention to.If you say which one is the most brilliant chain in the second half of this year, there is no doubt that solana is worthy of its name. SOL was founded by former Qualcomm, Intel and Dropbox engineers at the end of 2017. Solana is high-performance, fast, generous and rich in the project, and the team has SBF. Blessing, these distinctive features have enabled solana's defi to be launched one after another since May, and reached a blowout level. This is mainly due to the continuous development of the market and ecology of solana, and three consecutive hackathons were held within a year. Most of the projects have been effectively incubated. Obviously, Solana's reputation has overtaken polkadot and become a new public chain giant.

Both Sides of the Table

Perspectives of a 2x entrepreneur turned VC at @UpfrontVC#

Mark Suster

Written by

2x entrepreneur. Sold both companies (last to salesforce.com). Turned VC looking to invest in passionate entrepreneurs 〞 I*m on Twitter at @msuster

Both Sides of the Table

Perspectives of a 2x entrepreneur turned VC at @UpfrontVC, the largest and most active early-stage fund in Southern California. Snapchat: msuster

Mark Suster

Written by

2x entrepreneur. Sold both companies (last to salesforce.com). Turned VC looking to invest in passionate entrepreneurs 〞 I*m on Twitter at @msuster

Both Sides of the Table

Perspectives of a 2x entrepreneur turned VC at @UpfrontVC, the largest and most active early-stage fund in Southern California. Snapchat: msuster