Augur Ethereum
what is Ethereum:
Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. blockchain technology is one of them
Ethereum platform can safely run any program users want
advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum
what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application
The design of Ethereum is very flexible and adaptable
Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields
blockchain applications of Ethereum
Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc
Ethereum has achieved more than 100 blockchain applications by many start-ups
Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged
the relationship between Ethereum and blockchain:
Ethereum is a programmable blockchain
Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes
in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency
like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"
users in the defi ecosystem have complete control over the assets and participate in the defi with the help of P2P network and DAPP
advantages of defi
the popularity of defi is inseparable from its unique advantages. Defi mainly includes:
1. Open loan agreement
compared with the traditional credit structure, open and decentralized loans have many advantages, including integration of digital asset lending, digital asset mortgage, real-time transaction settlement and novel secured loan methods, no credit check, standardization and interoperability. The purpose of secured lending using open protocols such as maker and Dharma is to rece the risk of counterparties without intermediation by relying on the minimum amount of collateral provided by Ethereum
2. Issuance platform and investment
famous securities issuance platforms such as polymath and harbor provide the framework, tools and resources for issuers to issue marked securities on the blockchain. They have prepared their own standardized token contracts for securities (i.e. st-20 and r-token), which are unique in terms of automatic compliance and customizable transaction parameters and can meet regulatory requirements. Similarly, they are integrated with service providers (e.g., broker dealers, custodians, legal entities, etc.) to assist issuers in issuing
3. Decentralized forecasting market
decentralized forecasting market is one of the most attractive components of open finance, which is highly complex but has great potential. August launched the anti censorship forecast market last year, and other platforms like gnosis began to follow suit. Forecasting market has long been a popular financial tool for avoiding risks and speculating on world events, and decentralized forecasting market can also do this
4 exchanges and open markets
exchanges in open finance mainly consider decentralized exchange (DEX) protocol and P2P market. First of all, DEX is a P2P asset exchange between two parties on Ethereum, in which no third party acts as an intermediary, such as coinbase or other centralized exchanges. DEX also uses some highly innovative methods to exchange tokens, such as atomic exchange and other unmanaged methods, to exchange one asset for another with minimal settlement time or risk. The most popular DAPP in Ethereum is the decentralized exchange IDEX. Although many "DEX" claim that they are indeed decentralized or unmanaged, be careful before using them. The P2P market on Ethereum has great long-term potential, and may eventually cover the market of local digital assets and marked real-world assets
5. Stable currency
stable currency is booming in the digital asset market by issuing warrants, auditing its reserves and managing its price linked new model. Stable currency is just a token issued by the blockchain, which aims to keep a stable link with external assets (mainly US dollars, gold or other assets). The stable currency of encrypted mortgage includes Maker & # 39; S Dai, where the underlying asset (e.g., ETH) is over mortgaged relative to the borrowing asset (DAI) according to the current mortgage rate. So far, stable currencies backed by legal tender are the most popular because of regulatory compliance and no audit risk, such as tether, usdc and Gemini dollars
disadvantages of defi
on the one hand, the development of defi is restricted by the performance of the underlying public chain. The current defi project is mainly built on the Ethereum network. At present, the performance bottleneck of Ethereum is relatively prominent, and there is still a long way to go to break through the bottleneck. Under such a situation, those projects with high performance requirements will be in an embarrassing situation. On the other hand, compared with traditional financial procts, decentralized financial projects are much more difficult to use and have higher cognitive requirements for users, which will also greatly affect the development speed of defi. In addition, the roller coaster like ups and downs of defi projects (sushi, yam, yfii, etc.) also make people wary of its security. How to continuously accumulate user trust is also the focus of attention in the future.
From the current mainstream blockchain projects, blockchain projects are mainly divided into four categories: the first category: currency; The second is platform; The third category: application category; The fourth type: asset token
currencies mainly act as the "exchange media" in the field of blockchain assets, and the exchange media refer to general equivalents, such as gold and silver bills in the past< (currency exchange on trading blockchain assets)
platform projects refer to the establishment of technical platforms to meet the needs of various blockchain application development, which can rece the threshold of application development on blockchain
application projects cover a wide range of fields, including finance, social networking, games, property rights protection, etc., and are also the fastest growing fields of blockchain assets
asset token project refers to the blockchain mapping of physical assets, that is, the physical assets on the chain. At present, there are no more than 10 varieties
01 currency
the first category is currency project, which is also the earliest blockchain project. Currency projects mainly include bitcoin and lightcoin. In addition, there is another kind of asset with the characteristics of anonymity. Its main functions include protecting the privacy of both sides of payment while realizing payment. The well-known ones are dash, monero and zcash. Currency is mainly used as the "exchange medium" in the field of blockchain assets. The exchange medium is the general equivalent you use to exchange goods. For example, gold, silver and silver bills can be used as the exchange medium in the past. At present, there are more than 2100 types of digital assets in the world, and the number of currency blockchain projects has increased rapidly recently. As of June 2018, bitcoin is still the largest market value
02 platform type
the second type is platform type blockchain project. The main function of platform type blockchain project is to establish a technical platform to meet the technical requirements of various blockchain application development; In short, platform applications allow developers to directly issue digital assets and write smart contracts on the blockchain. Smart contract is a computer program running on the blockchain database, which can be automatically executed under the conditions of its source code setting
for example, you develop a smart contract based on the house rent protocol on the blockchain. When the owner receives the rent, it will trigger the automatic execution and give the security key of the apartment to the tenant
the main function of platform blockchain projects is to establish the underlying technology platform, so that developers can do application development on the underlying technology platform. A considerable number of platforms are still in the development state. As of June 2018, Ethereum has the largest market value
03 application
the third category is application blockchain projects. Application projects are blockchain projects based on blockchain development platform (such as Ethereum), which can solve many problems in various fields of the real economy
for example, augur, Golem, vechain, omisego, which provides asset exchange and transfer services. Using blockchain technology, these projects can better solve the problems of trust and cross-border circulation. At the same time, using smart contracts and tokens on the blockchain, they can better realize automatic execution and greatly improve the efficiency of social and economic activities. Application blockchain projects cover a wide range of fields, including finance, social networking, games, property rights protection and so on. It is also the field with the fastest market value increment of blockchain projects at present
04 asset token
the fourth category is the asset token blockchain project. Asset token refers to linking the blockchain assets to physical assets such as gold and US dollars, which is the blockchain mapping of physical assets. As of February 2018, there are no more than 10 varieties. The typical representatives are usdt against US dollars, digix Dao against gold, Digix each token represents 1 gram of Gold Certified by the London Bullion Market Association. Asset token has the advantages of convenient transaction and safekeeping. First of all, asset token is more convenient for transaction. Because blockchain assets can be split, it has better liquidity
for example, at present, real estate needs to be transferred as a whole. If the real estate can be token, it can be split and purchased, which is more convenient for transaction. Secondly, the token of physical assets is more concive to custody. Gold is easy to wear out and cause losses in physical transactions, but there is no need for physical transfer after the token of physical assets, which is more concive to the custody of physical assets
Financial instry
blockchain should be the most widely used in the financial instry
, for example, OMG (young model currency) in May 2017, omise announced that it was launching an electronic wallet with Alipay to integrate Alipay payment solutions into its own payment service suite, helping local e-commerce businesses in Thailand to accept online payment transactions from China tourists. p>
another example is PPT, which is a bill financial transaction system based on blockchain
gambling
the gambling instry probably entered the blockchain last year. Why does gambling favor blockchain? Blockchain provides a relatively fair guessing system. Why is it relatively fair? As can be seen from the previous introction, blockchain can not be tampered with or forged
for example, wicc is a rich application scenario that can realize asset issuance, guessing application, right traceability, mutual insurance, decentralized exchange, cross-border settlement, etc
for example, the STX stox application is designed to provide the full functionality of the forecast market application without any central server. Forecasting the market requires functions such as event planning, market making, providing information and analysis to traders, reporting event results, and of course collecting and paying
I believe that if the current lottery instry is set up on the blockchain, people's purchasing enthusiasm will be higher and higher, because too many insiders make people give up
Internet of things
there are still many applications of the Internet of things in the blockchain, because the traceability and timeliness of blocks are very suitable for this instry
for example, data is the concept of Internet of things, which is a decentralized P2P network. The data source can connect with any node in the whole network, and then publish the data, and the network will immediately send it to the subscriber. Horizontal scalability is achieved through fragmentation mode. This is very important for the timeliness and accuracy of Internet of things applications
game instry
for example, GTC (g coin) is a decentralized digital asset based on Ethereum erc20 issued by game.com, and G coin is committed to becoming the general digital currency standard of the global game instry
for example, mana is a distributed shared virtual platform. On this platform, users can browse and discover content, and interact with other people and entities. Users can also claim the ownership of virtual territory through the land ledger based on blockchain. The territory is demarcated by rectangular coordinates (x, y), and its owner can decide the content published on the territory, including interactive systems from static 3D scenes to games
there are many other instries. The great emperor did not list them one by one, but listed several representative instries. What is the point? It shows that blockchain is definitely not only the transaction of currency, it is a proct of the era change with real landing project and real practical use
in fact, the development of human society is just like the blockchain, which is irreversible and unstoppable. In my opinion, sooner or later, the blockchain will enter into thousands of households, no matter the ox or bear, hold the value currency in hand, and tonghuashun has begun to offer digital currency, which shows that the society is accepting it step by step, and the power of social development can not be blocked by any country or person
The blockchain project is definitely the best one in terms of mining. This project is also the most popular and risk-free one in blockchain projects. Moreover, mining is also the cornerstone of blockchain and plays an important role in the blockchain instry
hayu miner is a good miner in the mining instry. You can experience hayu miner , and you must make a good choice of blockchain projects, otherwise you will lose all your money
for example, AUR, Golem, vechain, omisego, which provides asset exchange and transfer services, is a prediction platform based on blockchain. Using blockchain technology, these projects can better solve the problems of trust and cross-border circulation. At the same time, using smart contracts and tokens on the blockchain, they can better realize automatic execution and greatly improve the efficiency of social and economic activities
Application blockchain projects cover a wide range of fields, including finance, social networking, games, property rights protection and so on. It is also the field where the market value of blockchain projects is growing fastest at present.
but there is no problem, so it can not be determined
few investors and poor liquidity; Lack of supervision and serious manipulation.
a group method of group wisdom is adopted, which is to use a group of highly skilled talents like me to spread their thinking, and to judge with the skills of three cobblers and one Zhuge Liang. And then it's closer to the truth
therefore, it depends on group wisdom to predict the development result of events
How can we ensure that everyone can make rational choices
users use qugur token to forecast and bet
get rewards correctly and lose all tokens wrongly. Well, such a tragic result, of course, makes people more inclined to make correct and rational choices.