The latest articles of blockchain
There is no doubt that blockchain has development prospects, and the necessary condition for development prospects is to enter the mainstream market
North America blockchain infrastructure the oan (former aion network) founder and CEO Matt spoke published an article entitled "in order to successfully enter the mainstream market, blockchain projects must" eat dog food "in Forbes on July 24, in which Matt mentioned his views on how blockchain should enter the mainstream market - & quot; Eat dog food
in the science and technology circle, there is a jargon called & quot; Eat dog food Dogfood (also known as eating your own dog food) refers to companies using their own procts and becoming users of their own procts. Many high growth companies (such as Microsoft, Facebook, Amazon, apple, Netflix and Google) also test their procts by "eating dog food" or help build credibility“ "Eat dog food" is often used to find and fix bugs, but it has another value: to create reliable use cases for the company's procts
this is worth learning from blockchain projects, because blockchain projects often hold & quot; Once built, they (users) will come naturally, which habitually leaves the responsibility of creating new and interesting blockchain applications to a third party
this attitude is very common, even the well-known blockchain summit consensus 2019 also held a conference entitled & quot; Once built, they (users) will naturally come: to build a global blockchain Center & quot; To discuss how governments around the world can make efforts to attract blockchain projects while balancing regulatory, investment and innovation needs
to be fair, this strategy may be effective for blockchains that only focus on people in the currency circle. For the security token, especially for the exchange represented by the transaction, it makes more sense - "supply creates demand" is the usual idea here, especially considering that the realization of these transactions requires the construction of complex infrastructure
in contrast, "eat dog food" is more likely to be adopted by blockchain project developers who seek mainstream audiences (such as those in financial instry, manufacturing and supply chain, identity management, etc.). If blockchain technology wants to enter these mainstream fields, blockchain companies must first "eat dog food". This can not only clearly prove that blockchain technology is feasible outside the coin circle, but also highlight that blockchain can not only optimize existing use cases, but also create new use cases
and the oan team has been adhering to this concept, and relying on the oan and aion's technology stack built over the years, it has developed a financial technology platform moves for independent workers
Matt said that in the development and development of moves, the team hopes that the relevant functions of the OAN blockchain network can be brought into full play, so it will focus on the following three aspects:
1. How to use the OAN blockchain network to improve the credit efficiency of the proct there are two main considerations to improve credit efficiency: 1) can we use the mechanism of the defi market to rece the cost of capital; 2) Can the blockchain technology be used to increase the external trust in the credit process of moves. Here, moves will form a mechanism of "pooling wisdom", so that everyone can contribute to recing credit risk and increasing the credibility of credit process, and may even develop a micro guarantee mechanism in the future. Therefore, users will be able to participate in the market established by the platform as borrowers, lenders or guarantors
specifically, by connecting moves with the oan network, and with the help of digital asset aion, a relationship of interest consistency is formed between procts and users, so that users can personally experience the success of moves procts and directly participate in the oan, a blockchain network supporting moves
3. How to create the first open system of financial reputation data with moves
this open system may become a substitute for traditional credit scores or related mechanisms. Over the years, banks and financial institutions have been using Equifax, Fico or other similar institutions' scores as risk indicators, and the moves team believes that the procts they are building will be a good start - the beginning of a more perfect and modern financial reputation system. This is a long-term goal
moves supports North American mainstream carpooling, take out and other casual work economic platforms, and will be the flagship open application developed by the oan on its blockchain network. In June, moves expanded its operations from Ontario to Alberta and British Columbia into western Canada
all the initiatives of the oan team adhere to the spirit of "eating dog food" and strive to make blockchain technology enter the mainstream market as soon as possible. Blockchain is not for the minority, but for the mainstream. In addition to the oan team, many projects and institutions in the blockchain instry are also aiming at this goal. Can you say that such an excellent and targeted blockchain has no development prospects
blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies
this is usually the summary of the professional reports, but what is the specific form
first of all, no matter how large a system or how small a website is, there is a database behind it. So who will maintain this database? In general, who is responsible for the operation of the network or system, then who is responsible for the maintenance
if it is wechat database, it must be maintained by Tencent team, and Taobao database is maintained by Alibaba team. We must think that this way is natural, but blockchain technology is not
secondly, blockchain technology is also known as distributed ledger technology. If we think of the database as a Book: for example, Alipay is a typical account book, any change of data is bookkeeping. We can think of database maintenance as a very simple way of accounting
in the world of blockchain, everyone in the blockchain system has the opportunity to participate in bookkeeping. The system will select the person with the fastest and best bookkeeping in 10 seconds or 10 minutes, and the person will record the changes of database and account book in a block
we can think of this block as a piece of paper. After confirming that the records are correct, the system will link the fingerprint of the data in the past account book to this piece of paper, and then send this piece of paper to all other people in the whole system. Then, over and over again, the system will look for the next person with fast and good bookkeeping, and everyone else in the system will get a of the whole ledger
as like as two peas, each computer has the same rights as the owner, and the whole system will not collapse e to the loss of contact or downtime by a single person.
as like as two peas in the book, it means that all data is transparent and open. Everyone can see what changes are in every account. Its very interesting feature is that the data can't be tampered with. Because the system will automatically compare, it will think that the same number of books with the largest number are real books, and a small number of books with different numbers are false books
in this case, it is meaningless for anyone to tamper with his own account book, because unless you can tamper with most nodes in the whole system. If there are only a few nodes in the whole system, it may be easy to do so. But if there are tens of thousands and hundreds of thousands of nodes and they are distributed in any corner of the Internet, unless someone can control most computers in the world, it is unlikely to tamper with such a large blockchain
I don't know if I can understand such a popular explanation
bitwindow, a professional website platform providing bitcoin news and information services
coinbase said it was aware of the existence of the judgment and would make a formal statement shortly
and the US government is celebrating this victory. Director of the IRS, John J; John Koskinen said:
like other properties, virtual currency transactions are taxable‘ The purpose of John Doe's summons is to ensure that citizens in emerging economies can abide by tax laws and fulfill their responsibilities
the coinbase user information that IRS applied to view was from December 31, 2013 to December 31, 2015. Coinbase said it would try its best to protect users' privacy when it first received the subpoena
as we all know, the attitudes and regulatory policies of countries around the world towards digital currencies such as bitcoin are not the same, and the tax policies of different countries are also different
on October 22, 2015, the European Court of Justice ruled that transactions in bitcoin and other virtual currencies would be exempt from value added tax (VAT). This decision is a major victory for the bitcoin trading community
generally, Japanese people need to pay 8% consumption tax to buy bitcoin on the digital currency exchange. In October this year, it was reported that the Japanese government planned to cancel the consumption tax generated by the purchase of virtual currencies such as bitcoin next spring
since 2015, the IRS has regarded bitcoin and other digital currencies as taxable assets. Recently, the IRS inspector general has been responsible for the Department's gaps in digital currency taxation. The American Institute of Certified Public Accountants (AICPA) has raised similar questions.