On the Ethereum blockchain, gas is an execution fee used to compensate miners for the computing resources needed to provide computing power for smart contracts. The use of network is increasing gradually, and the current gas cost is millions of dollars every day. With the continuous development of ecosystem, the value of gas optimization will […]
Category: Blockchain
What will China’s digital currency look like in the future
In the second half of 2019, the central bank issued the financial technology development plan (20192021), which proposed to establish and improve the “four beams and eight pillars” of China’s financial technology development by 2021, further enhance the scientific and technological application capacity of the financial industry, and realize the in-depth integration and coordinated development […]
Will stable bitcoin increase the value of bitcoin
At present, stable currency is obviously in the golden age of great development. Stable currency connects the trading media status between the real world and the blockchain world, making stable currency a hot business. In 2019, more than $237 billion of wealth will be transferred to the chain through stable currency. This fully shows that […]
Analysis on the specific reasons for the recent rise of bitcoin price
Skew’s data show that in the whole week, the option products of bakkt, the bitcoin futures market operated by the Intercontinental Exchange (ice), the parent company of the New York Stock Exchange (NYSE), have hardly seen any trading volume. The relatively low trading volume in bakkt options and futures market may indicate that the recent […]
What contribution can blockchain technology make to fighting the epidemic
Since the outbreak of New Coronavirus pneumonia, the mood of micro-blog and my friends circle at home every day is even more fluctuant than that of some funds. I was amused when I got to the shining news of the Korean brother below. Coincidentally, let’s stop laughing at foreigners: These two news not only made […]
How feasible is the central bank’s digital currency
Federal Reserve director Lael Brainard said on the 5th that the Federal Reserve is studying a series of issues related to digital payment and digital currency, including policies, design and legal formulation around the issuance of digital currency. This shows that the Fed’s attitude towards digital currency has changed compared with the past. In November […]
Are physical assets suitable for use on the blockchain
With the rapid popularization of cryptocurrency and blockchain technology in the world in recent years, the digital representation of real-world assets in the form of pass has begun to attract many people’s interest. Token allows individuals or entities to convert real-world assets into encrypted tokens stored on the blockchain. Although the stock market has made […]
How to use blockchain technology to prevent charities from being evil
This Spring Festival, novel coronavirus has been a test for us. The battle epidemic situation in the front of Wuhan has always affected the hearts of 1 billion 400 million compatriots throughout the country. Caring people around the world have also started the work of love donation. One by one, the “Wuhan refueling wechat group” […]
How can the central bank’s digital currency and cryptocurrency be connected
Vitalik buterin, co-founder of Ethereum, proposed a method of using cryptocurrency to trade central bank digital currency. Buterin raised a question on twitter, that is, can the central bank’s digital currency transactions be proved by encryption? In other words, whether it is possible to use mathematical methods to prove the completed transactions of central bank […]
How long will it take for a consumer centric central bank digital currency
Christian Noyer, former vice president of the European Central Bank and former president of the Bank of France, said that although more than 50 central banks are interested in central bank digital currency, it may take another 10 years for consumer centric central bank digital currency to develop. Noyer also predicts that digital payments between […]