Blockchain technology stack
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"
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
in this case, a better technology stack is recommended: pingcap / tidb, or distributed database based on pbft protocol, rather than private blockchain system. Therefore, the blockchain technology service is called bats
the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system.
although the futures contracts were launched last year, for the bitcoin derivatives market, futures alone is obviously not perfect, and there is a huge space for the bitcoin derivatives market. However, bitoffer exchange aims at the bitcoin derivatives market, relying on the advantages of the top financial R & D team, It is the first to launch bitcoin options and bitcoin ETF funds in the world, which is favored by the majority of users<
Lucian, chief analyst of bitoffer exchange, said that BTC options and ETF funds were launched to make up for the current vacancy in the bitcoin derivatives market. What other exchanges can't do is for us to do. The launch of bitcoin options and ETF is not only the improvement of the bitcoin derivatives market, but also a performance of promoting the development of the market. Any investment market can not do without derivatives, because investment is certainly risky, and derivatives can be used as risk hedging tools<
Lucian also revealed that bitoffer is currently developing and building a new bitcoin futures contract trading in the instry, which is expected to be launched in the first quarter of 2020. It is worth noting that the platform has been launched for spot, options and ETF fund trading. If the futures contract trading is launched in the first quarter, it means that, Bitoffer will become the world's first exchange with a full range of bitcoin spot and derivatives routes. By then, bitoffer is bound to win a place in the derivatives market!
since the emergence of bitcoin in 2009, people's research on blockchain has been introced. There are many token and other blockchain projects around the world, including the Ethereum project, which is committed to becoming a general smart contract platform and a decentralized application platform. However, the blockchain instry is still facing many challenges both from the perspective of technology and instry application. The main problems are as follows:
1 -
there is no technology stack to access the real world. For blockchain, even with advanced design concept and high robust consensus algorithm, e to the lack of technology stack to access the real world, the application landing speed of various instries can not keep up. It's like developing an operating system, but not providing a good application development platform. Yep chain can solve this problem through the technology stack composed of YCS, ypdi and Yipi
2 -
lack of support for existing data access. Blockchain needs to access the huge real world, which is already full of massive data to support applications in various instries. If only new values and data are transferred on the blockchain, the scope of application will become narrower. Through ypdi (yep Public Data Importer,
yep public information importer), yep chain ensures the access, verification and encrypted storage of existing data in the real world
3 -
insufficient support for extended identity recognition. In the blockchain, there is no organization with credibility at the legal and government level to identify the extended identity, which hinders the application of many activities that need transparent and credible identity in the blockchain. Yep chain can authorize the management certificate of yep profile binder
to the organization with credibility. Through the obtained certificate, the organization can use cryptography to identify indivials and organizations. Extended identity authentication with public credibility will greatly increase the value of transmission on yep chain, and ensure more real and valuable application scenarios running on yep chain. Truly realize the mission of yep chain - access to the real world and deliver real value
we hope and strive to build a new blockchain ecosystem and a fast access technology stack based on this blockchain, hoping to become a new network to help valuable indivials, organizations and business activities access the real world, and create more value on this new network. We hope that yep chain's fast access technology stack can help yep chain's ecology grow rapidly. We firmly believe that a good ecological foundation will bring huge positive feedback effect.