There are two kinds of projects in the first half of 2020: one is related to DeFi, and the other is other projects.
Many DeFi projects have seen people break their thighs, several times to hundreds of times.
Uniswap, cross-chain, cloud storage, ETH2.0 and other hot spots emerge one after another. The second half of 2020 is a period of high concentration of hot spots. Can you find an opportunity from it?
"Filecoin (Cloud Storage Channel)"
Filecoin is the storage layer and excitation layer of IPFS protocol. IPFS is a peer-to-peer distributed file system, which is called the underlying protocol of the next generation decentralized Internet.
2065438+From July to September 2007, Filecoin raised $257 million in the form of ICO, with the participation of top investment institutions such as Sequoia Capital. The development of the project is full of twists and turns. After several jumps, the main network is about to go online.
If there are no accidents, the main network of Filecoin will go online from August 3 1 day to September 2 1 day. Miners can participate in network governance and compete for the right of block packaging by providing storage space and taking effective storage as computing power.
On August 12, Filecoin will start the global miners' race, which will have more than 4 million FIL, which is as high as10.8 billion US dollars according to the current futures price.
As a project with blockchain technology capability, landing application and popularity in the market, Filecoin is undoubtedly the biggest opportunity in 2020.
Of course, on Filecoin's track, there are as many traps as opportunities.
Participate in the investment of Filecoin and look for opportunities.
In addition to Filecoin, the launch of Filecoin's main network may also bring the popularity of cloud storage track, and projects related to the concept of cloud storage may rise.
"Boca (cross-chain track)"
Boca is a multi-chain interactive architecture proposed by Gavin Wood, former chief development officer of Ethereum. It mainly solves the problem of information islands between chains, provides cross-chain infrastructure, and realizes information exchange between chains in a safe and untrustworthy way. In short, Boca is a network protocol that allows arbitrary data to be transmitted through the blockchain.
Like Filecoin, Boca was delayed. The project was originally planned to go online on 20 19. Before the main launch, the team first launched the Boca sister chain Kusama without code review, allowing developers to conduct various experiments on it. Previously, Boca's key progress was mainly in ecological development and project promotion, and Meetup (discussion meeting) was held around the world. In the first half of this year, the code was approved and the main network was launched while everyone was waiting.
Boca project is very innovative and has the following characteristics:
Characteristics of boca
Boca recently launched mainstream exchanges such as Huobi and OKEx, and launched 302,000 crowdfunding on July 24th. At present, the six stages (PoA, NPO, governance, removing Sudo, supporting balanced transfer, and core functions) of the full-featured main line have reached the governance stage.
Next, the runtime upgrade initiated by public vote will remove Sudo from Boca, and the network will be controlled by the token holder.
In addition, Boca will start the transfer function on August 18, which is a step closer to the fully functional main network. Boca will auction parallel chain slots later. After the auction is completed, many parallel chains will be connected to Boca through slots.
The launch of Boca's main network is an important milestone in the development of blockchain. Cross-chain protocol will bring new expansion methods for more projects, and it can also exchange information with other projects, making it possible to call smart contracts across chains. This is a major benefit of the project and will bring a rich blockchain ecosystem to interact through message transmission between chains.
The mode of one-click distribution chain makes it no longer so difficult to establish a public chain, so we can also imagine that this will be more innovative than the one-click distribution of coins in Ethereum and can solve more application scenarios.
Boca has many opportunities to follow up. In addition to the Boca project itself, we can also look for opportunities in the parallel chain ecology of Boca, such as the existing ChainX and Edgeware, and we can also participate in the new parallel chain of Boca.
"Cosmos (cross-chain track)"
Cosmos is a parallel network launched by Tendermint team. With Cosmos, each blockchain can complete the interoperability of transactions. Cosmos and Boca are called "cross-chain duo", and the main network was successfully launched in March 2065438+2009.
Cosmos carried out the activity of challenging and stimulating the network in June, which laid a good foundation for the practical application of the subsequent cross-chain protocol. In July, the Stargate was updated, and the project also ushered in good results.
Cosmos has been developing the IBC 1.0 protocol. After the internal problems broke out before February, the project founder left Cosmos to start a new project. Because he is not a core member of the project, it has little impact on the whole project. After the subsequent reorganization, the team has no internal friction, and the development speed of IBC 1.0 protocol has also accelerated.
Development Progress of Universe IBC 1.0
The core cross-chain protocol of Cosmos, IBC 1.0, will be launched soon, and the development of IBC 1.0 has been 82% completed. The completion of IBC 1.0 will truly connect the center and partition of the universe and make a breakthrough in information transmission technology between chains.
IBC 1.0 is the core development point of the universe. At present, the partition and center of Cosmos can only run independently because the cross-chain protocol is not completed. The development of many projects is limited by IBC 1.0, and the cross-chain agreement has not been completed, such as IRIS, an asset cross-chain project on Cosmos, which cannot solve the subsequent progress.
"Wave (common chain track)"
Waves is a very easy-to-use blockchain platform with customizable tokens. After users apply for Waves account, they can issue tokens and go public very conveniently.
Waves opened the Waves Association in the past to provide effective governance for the whole ecology. In 2020, a data protocol that can connect any blockchain with the outside world will be launched and will be applied to ecology in the future.
The chain reaction that the waves are forming.
Waves is building an inter-chain definition. It can make DeFi products available on all chains and protect DeFi products through diversified asset portfolios. The first interchain DeFi product launched by Waves will be neutrinos, which can be transplanted to different chains. Waves is also implementing the next plan to develop the vision of Waves 2.0.
Neutrino dollar is a currency with stable algorithm, which is linked to the dollar and supported by Bo's PoS network. All neutrino tokens are stored in smart contracts, and users can send their own waves to smart contracts at any time in exchange for neutrinos.
"Jin En (Track)"
Jin En is an online game creation platform, which was established in 2009. It was not until 20 17 that the gold coin was established. It began to design and create a digital platform for trading, managing and distributing virtual goods, and solved the problems of centralization of traditional game platforms, opaque funds and inconsistent game tokens.
King is not only famous for games, but also for all kinds of NFT through ERC- 1 155.
NFT- 1 155 cast by ERC
NFT is a symbol of heterogeneity. Simply put, two tokens exist independently and are different. For example, in 20 17, every encrypted cat with different shapes and attributes is an NFT.
However, the market utilization rate of encrypted cats represented by ERC-72 1 is too low, while NFT represented by Jin En ERC- 1 155 is gradually opening up the market, and more and more project parties choose to use ERC- 1 155 to issue NFT.
The NFT of ERC- 1 155 can be operated in batches, or it can be destroyed after casting spells to retrieve the Jin En token.
At present, the NFT market has not really broken out. Recently, IEO of Coin Security has also launched projects related to the NFT concept. King is a leader in the NFT field, so there are many opportunities.
At present, the income of the global game market is growing rapidly every year. According to professional data analysis, the current game market revenue has exceeded $654.38+050 billion. However, the track of the blockchain Olympic Games has not been broken. Jin En has 20 million users around the world, the ecological content of the game is also developing steadily, and the development tools provided for developers are also perfect, so Jin En's performance after the NFT market broke out will be very imaginative.
"Nexus Mutual(DeFi derivative)"
Nexus Mutual is the mutual insurance of Ethereum, and the risks are shared through full authorization. It is somewhat similar to Alipay "Mutual Treasure" that we are currently using. Users' premiums are concentrated in the fund pool. When claims occur, users will get a certain amount of compensation from the cash pool after approval.
In July this year, Nexus Mutual launched Pooled Staking, the biggest upgrade since its launch, and redesigned the pledge system. This upgrade will reduce the learning cost of users' pledge tokens, encourage users to improve NXM pledge, increase the income of risk assessors and use a fairer distribution method to shorten the lock-up period of NXM pledge.
Nexus mutual insurance interface
Anyone can pledge NXM as a risk assessor, and the risk assessor can assess the security of one smart contract, and can pledge multiple smart contracts at the same time with NXM deposit, and receive remuneration from the pledged contracts.
As the head project of DeFi insurance at present, Nexus Mutual mainly provides insurance services for DeFi agreement, especially recently, YFI mobile mining has been popular among domestic investors.
The recent upgrade has stimulated risk assessors to improve the pledge rate of NXM. The more policies users write in smart contracts, the better protection they can provide.
"Zcoin (anonymous tracking)"
Zcoin is an anonymous coin, which uses zero-knowledge proof to hide the connection between traders by casting. The project started in 20 16, and the total supply of tokens is 210.4 million, and the output and halving cycle is four years like Bitcoin. MTP (Meckel Tree Proof Algorithm) is used to balance the computing power of miners.
The main work of Zcoin in the first half of the year is to develop Lelantus agreement, launch decentralized project crowdfunding system, and raise funds to develop some applications of Zcoin. Whether to change the cognitive mechanism of Zcoin is still under discussion. The official recently launched a vote on Twitter to change the name of Zcoin. At present, more than 50% of Twitter users express their support.
Detailed information of XZC mining token distribution before and after halving
Zcoin adopts PoW+PoS mechanism, which was halved in September this year. After halving, the reward per block will be reduced from 25 xzcs to12.5xzcs.
Zcoin mainly considers: providing sustainable funds for development and research, and ensuring the sustainable growth of the community through miners and Znodes nodes. In addition to reducing the circulation of project tokens, it will also play a positive role in the development progress of the project, allowing more users to participate in the construction of Znodes nodes and maintaining the safe operation of the Zcoin blockchain.
Technical comparison between Lelantus protocol and other protocols
Zcoin's Lelantus protocol will be launched soon. As can be seen from the above table, the anonymity technology and performance of Zcoin have been improving from the initial protocol to the final protocol.
Lelantus will provide stronger anonymity. Besides the proof size, batch verification can also effectively reduce the verification time.
Lelantus performs well in all dimensions: providing high anonymity, good performance, small proof scale and relying on mature cryptography. Therefore, the successful launch of Lelantus will be a great progress of the project.
According to Zcoin official, Lelantus will be deployed in September at the latest. However, due to the epidemic this year, the progress of the project will be delayed. For investors, it is a good choice to know the major progress of the project in advance and arrange it in advance.
"Curve Finance (DeFi Circuit, Off-line)"
Locking state of curve financing on DeFi Pulse
At present, the locked position of DeFi's stable currency trading platform Curve Finance is as high as 265,438+08.8 million US dollars, which is second only to Maker, Compound, Synthetix, Aave, Balancer and InstaDApp, showing a steady growth trend. Liquidity mining has brought explosive growth to other DeFi projects. For example, the composite dominates the whole market, and the curve can only carve up a small share.
The total amount of CRV increases with time.
Curve will issue tokens, explore liquidity and compete for market share. However, the current mining method has not yet been determined, and the issuance time and price of tokens have not yet been determined, or will be held in the near future.
According to Curve Github's data, CRV is an inflation token, with a total supply of 654.38 billion+0 billion, and the inflation rate is the highest in the first year, and finally the token will grow to 3.33 billion.
Michael Egorov, founder of Curve.finance, said: CRV will be a symbol of governance, and voting needs to be locked. Tokens can not only be used for mobile mining, but also encourage any behavior that is beneficial to the ecology recognized by Curve DAO (decentralized autonomous organization).
"Near (common chain track, not online)"
NEAR is a well-known fragmentation technology public chain, and the fragmentation solution is called night shadow protocol, but NEAR is not the structure of fragmentation chain, nor does it adopt the mode of Boca and Cosmos. NEAR's fragmentation technology solves the scalability problem and will make a difference in Dapp and DeFi in the future.
Near published an economic model with an initial circulation of 654.38+0 billion and an inflation rate of 5%. Recently, we also cooperated with Chainlink to provide decentralized Oracle services for recent developers.
Comparison of expansibility and flexibility between NEAR and several main chains
Nearby is a segmented tracking project. At present, the PoA main network has been launched and will raise funds in August. The specific information is not known at present. The main opportunity lies in the empty window of Ethereum 2.0 2-3. Ethereum 2.0 will start "phase 0" at the end of 2020, "1 phase" at 202 1 phase, and "phase 2" at 2023. The process is very slow.
Therefore, NEAR can make use of its own structural advantages to lower the threshold for developers of Ethereum and let developers choose to deploy Dapp on NEAR. You can seize the market before Ethereum 2.0 comes out. If you do well in ecology, you can still have a place in the public chain track.
"SKALE (public chain track, not online)"
SKALE is the star project of Layer2 network and the main project of the new generation of chain measurement.
The project was founded by SKALE Lab. The vision is to promote the decentralized second-floor expansion network, be compatible with Dapp running on the Ethernet layer 1 chain, and run smart contracts at high speed and low cost on the secure decentralized second floor. At present, SKALE has dozens of Dapp in ecology, and the most important ones are DeFi and Dapp in games. After the loom network no longer emphasizes the support for games, many Dapp games will migrate to SKALE.
The auction in the Netherlands will be held on August 17, and the project has raised 1765438+ million dollars before that.
At present, such a hot DeFi project, every operation will be limited by the performance and high handling fee of Ethereum, and SKALE project is the antidote to these problems. SKALE can be used at low cost.