Decentralized stabilization of DSA
decentralization in decentralized money contains multiple meanings: decentralization of money issuance, decentralization of money circulation, decentralization of money withdrawal...
as far as our current economic system is concerned, the issuance of money is carried out by the central bank or other similar institutions and endorsed by the national credit. Therefore, the issue of money is obviously a kind of centralized, controlled by the government or institutions. However, in the current economic system, the circulation of money is decentralized
although in our current financial system, the vast majority of money has been circulating through banks, this mode of circulation is mostly controlled by the money owners themselves, that is to say, the circulation of money is not controlled by central institutions. In addition to some specific financial requirements, some circulation has been regulated; Or the judicial organs may intervene and forcibly manage the circulation of money. In proportion, these centralized operations are very few. Therefore, we can say that in the existing economic system, the circulation of money is decentralized< In fact, the central bank and other financial management institutions make use of the power of currency issuance to regulate the whole market and maintain the stability of economic development and currency
we have learned in economics that the total amount of money circulation should match the current trade situation. In other words, the total amount of money circulation is closely related to the economic situation. The circulation of money needs to be regulated to influence the market; And the market also forces the regulatory agencies to regulate the currency through various feedback, so as to maintain the stability of the currency.
what is stable currency
stable currency, as its name suggests, is a cryptocurrency with stable value, and its exchange ratio with legal currency remains relatively stable. Because the exchange ratio between legal currency and goods and services is relatively stable, the ultimate anchor of stable currency is goods and services, that is, the actual purchasing power
stable currency originated from usdt (benchmarked US dollar) issued by 2014 bitfinex established tether limited. The opportunity for the birth of cryptocurrency is that the mainstream currency accounts for the vast majority of the market value, but the price fluctuates violently, which makes the liquidity of cryptocurrency market decline. In this case, in order to protect their assets, investors need to find a better way to store value, so the stable currency market arises at the historic moment
the essence of stable currency is a kind of accounting voucher
modern banking system is based on the central bank at the bottom, commercial banks at the top and financial technology companies at the top. Their basic prototype mainly comes from the double entry bookkeeping which was born 500 years ago. Even after so many years, the banking system is constantly developing and changing, but its core is the centralized account system, which depends on the central bank. When we transfer money from one account to another, we are actually making account changes through the bank. When using stable currency for transfer and remittance, it completely transfers from its own account book to another account book. The essence of stable currency is a kind of bookkeeping voucher
some people would say, isn't Alipay also using block chaining technology? On this basis, Alipay upgraded and upgraded the account book, which is two different schemes based on the stable currency issued by block chain technology. You see that money is transferred from a Alipay account to another Alipay account, but it is still operated in the central bank's account system.
why is stable currency the future of blockchain
at present, stable currency is mainly used to provide channels for legal currency to enter the cryptocurrency world, help currency people avoid risks in transactions, and provide payment services for blockchain application projects. Although the current digital currency market is not too optimistic, but the cryptocurrency project is in constant development. The number of stable currencies on the market has already exceeded 50, and is still on the rise. 2019 is bound to be the year of stable currency outbreak. How did stable currency break through in the wave of digital currency? Why is stable currency the future of blockchain? This involves how stable currency affects the blockchain instry
tickets for users to enter the market
after "94" in 2017, China banned the market circulation of cryptocurrency, restricted banks and other financial institutions as payment platforms or channels, and many countries also restricted the circulation of cryptocurrency. But there are still a lot of users who want to enter the market, they will choose over-the-counter trading and trade through the community. But because of the uncertainty, opacity, small scale and other problems, OTC has some trading risks. Usdt, a stable currency anchored to the US dollar at a ratio of 1:1, has become a supplementary scheme for some new funds
the insurance medium of user assets
in the weak market, the price of token fluctuates greatly, and traders do not want to take risks or leave the market. In the case that the trading platform does not support legal currency trading pairs, it is almost the only choice to use "stable currency trading pairs" to exchange for stable currency
the emergence of stable currency is the proct of a special historical stage e to the contradiction between the rapidly developing demand for token investment and the restriction of legal currency admission by regulation. The more serious the price fluctuation of mainstream currency is, the more valuable the existence of stable currency is
"trade as settlement" is an efficient payment and settlement tool
blockchain technology has great value in the field of payment and settlement. With the emergence of JPMorgan JMP, many banks around the world have begun to explore how to use blockchain technology to issue stable currency. The "stable currency" issued by these banking giants is essentially using a convenient and efficient settlement network based on blockchain technology. The more financial institutions and customer groups join the network, the greater the value of the settlement network
as JPMorgan Chase, IBM and Facebook have revealed that they want to issue currency, stable currency has once again set off an upsurge. After the strong fluctuation of usdt in the second half of 2018, it was derided as "unstable stable currency" by many people, so Pax, tusd, GUSD, etc. followed closely. Seizing the market quota of stable currency is very fierce for a time, but the fierce market competition means that there is not much space left in the market, and no matter how much stable currency there is, it seems meaningless. Then the major exchanges began to launch their own platform currency. JPMorgan Chase, IBM and Facebook also entered the market. The situation of stable currency also changed greatly. Facebook and JPMorgan have both broad user base and far-reaching economic impact, and issuing currency will certainly have inherent advantages. Beijing Digital capital technology, which is deeply engaged in the study of the significance of stable currency, has made practical application of stable currency in postal, supply chain finance, lottery and other fields. It is understood that the world's first African blockchain lottery will also be released in the near future. In this way, we can certainly expect to stabilize the currency market.
With the rapid development of human society, many people find that decentralization is a trend and also represents a new proction relationship. This is a new kind of proction relationship that is suitable for the business or business logic based on the highly developed and market-oriented human society and economy, equality and mutual trust. Since the decentralized trust mechanism blockchain has been established, many intermediaries will also face upgrading and innovation. For example, "Wall Street", a traditional medium which is essentially a financial intermediary, may soon develop into a new model
decentralization has changed more than one financial instry. In the consensus of China's excellent Internet company "Xunlei", science and technology is developing from centralization to decentralization. They are proud that their first P2SP download technology is a kind of decentralized technology. At that time, blockchain was not widely recognized. Xunlei believes that decentralized technology has many advantages. Its solution is light weight and low cost; It respects privacy and doesn't have an intermediate database to know everything; It accords with the development of society; It is a measure of environmental protection and sharing. In 2014, Xunlei made up its mind to do decentralized cloud computing, also known as shared computing, which is to distribute the computing needs to thousands of households and use the idle resources of users
such an attempt has got a very good market response, because the marginal cost of shared computing is lower than that of cloud computing, which can more effectively solve the social contradiction between the shortage of social computing resources and the high cost of computing, and rece the operating costs of enterprises, including Xiaomi, Aiqi and Xiongmao live broadcasting, which have become the customers of thunderbolt shared computing. In fact, the demand for computing in the current society is growing explosively. Whether it is artificial intelligence, big data, 4K, VR, the demand for network is higher and higher, the speed of computing is higher and higher, and the demand for speed is higher and higher. If you want to solve all the needs, you need to prepare sufficient computing resources. The player reward scheme is born to solve this problem
the significance of the player reward program is that in the shared computing ecosystem, Xunlei has joined the blockchain technology to share the bandwidth with the players through the cloud intelligent hardware Users of idle resources such as storage and computing power will issue the digital asset chain gram (original gamer coin) based on blockchain technology. Users participate in this plan for free, and they also voluntarily contribute idle computing resources to the society. Users actively contribute idle resources, Xunlei payment chain rewards users, Xunlei then packages and sells resources to enterprises, and a supply chain based on shared computing is completed. In this process, decentralized blockchain technology plays an important role
of course, complete decentralization lacks supervision, and there is a certain risk of being used. Therefore, the blockchain chosen by chaink is "alliance chain", not a completely decentralized public chain like bitcoin and Ethereum. Therefore, Xunlei still has the right of supervision. In order to rece and avoid the occurrence of malicious events of accounting nodes, and to ensure that users' transactions enter the block as soon as possible, Xunlei is more cautious in selecting accounting nodes. In the initial stage, Xunlei will choose its own servers with good network connectivity and stability, as well as its partners' servers with good network connectivity and stability, After the performance and security of the next generation of gamer cloud hardware are further improved, the gamer cloud node distributed in the user's family will be selected as the accounting node and constantly changed. At the same time, Xunlei united government actively cracked down on speculation, announced the firm no ICO, cracked down on third-party transactions, adopted the real name system, unlimited pre-sale activities and other means to resolutely curb the risk of speculation, so as to ensure the stability and sustainability of the player cloud and chain ecology
with the emergence of blockchain applications such as chaink, we can see that decentralized technology can make the instry no longer become so extreme, and all kinds of opportunities will burst out because of the introction of new mechanisms, which is of positive significance to the instry and the whole society
both sides mainly refer to the lender and the borrower, so they are called both sides
the borrower refers to the borrower, and the loan refers to the borrower
decentralized lending refers to matching the borrower and the lender through the past central lending agreement, and then transferring the assets and completing the lending immediately after the confirmation of mortgage and pledge
the decentralized lending protocol provides the platform with the technical basis of standardization and interoperability, and plays the role of security management in the lending process. Compared with the traditional lending model, the decentralized lending model has the following characteristics:
a. the combination of legal currency loan and digital asset loan (stable currency model can be regarded as the combination of legal currency and digital asset)
B. mortgage based on digital assets
C. realize real-time transaction settlement through automation, and rece the actual cost
D. replacing credit review with over mortgage mode also means that it can serve more people who can not use traditional services<
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.