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6 must-reads a week | Does BTC really consume so much energy?



1. About Polkadot’s slot auction and crowd lending, it is enough to read this article

Shawn Tabrizi, one of the developers of the auction and crowd loan system, introduced the auction, crowd loan (Crowloan) and slots of the Polkadot parachain. This article is the dry content-zce that PolkaWorld compiled from the speech. click to read

2. Vitalik: Demystifying the advantages of "sharding" from a technical perspective

Sharding is the future of Ethereum scalability and is the key to enabling the Ethereum ecosystem to achieve thousands of transactions per second so that most people can afford to use it and become users of Ethereum. However, sharding is one of the most misunderstood concepts in the Ethereum ecosystem, and in the broader blockchain ecosystem as well. It refers to a very specific set of concepts that have their own idiosyncrasies, but are often confused with technologies that have weaker and different security properties. The purpose of this post is to introduce specific properties of sharding, distinguishing it from other non-sharding techniques, and what sacrifices sharding systems need to make in order to achieve these properties. click to read

In the past week, a total of 22,400 ETHs have been transferred from the wallet address of the Ronin hacker: According to the news on April 19, according to the data from SkyEye on the Okeyyun chain, in the past week, the addresses of Ronin Network attackers who have been hacked by the Okeyyun chain risk label have been Transferred over 22,400 ETH to 5 new on-chain addresses (approximately $67 million). As of now, according to the OKLink ETH browser, the hacker’s wallet address still holds about 116,451.05 ETH, worth about $350,000. [2022/4/19 14:34:20]

3. Announcement of China Banking Industry Association, China Payment and Clearing Association on Preventing the Risk of Hype in Virtual Currency Transactions

Quick overview of DeFi weekly data (3.8-3.14): Jinse Finance reported that according to OKLink’s data, the top three currencies with this week’s increase are: RAMP’s daily increase of 104.7%, and the lock-up volume of 35.3247 million US dollars (+62.95%) ); Frax rose by 99.3% on the 7th, with a lock-up volume of US$247 million (+26.52%); Terra rose by 83.2% on the 7th, and a lock-up volume of US$293 million (+22.98%); $38.97 billion. See the figure below for more data. [2021/3/15 18:46:34]

Recently, the price of virtual currency has skyrocketed and plummeted, and the hype of virtual currency trading has rebounded, seriously infringing on the property safety of the people and disrupting the normal economic and financial order. In order to further implement the requirements of the "Notice on Preventing Bitcoin Risks" and "Announcement on Preventing Financing Risks of Token Issuance" issued by the People's Bank of China and other departments, and prevent the risk of speculation in virtual currency transactions, China Internet Finance Association and China Banking Association , China Payment and Clearing Association jointly issued an announcement on preventing the risk of speculation in virtual currency transactions. click to read

Analysis | The locked value of DeFi projects is 1.02 billion US dollars, an increase of 2.53% in the past week: According to the data on the DeFi special page of Up to now, the total locked funds of 31 DeFi projects have reached 1.02 billion US dollars, of which EOSREX locked 306 million US dollars, accounting for 29.94%, ranking first; Maker locked 265 million US dollars, accounting for 25.97%, ranking second; ranking third is Edgeware locked 170 million US dollars, accounting for 16.65%; Compound, Synthetix, dYdX, Nuo and other DeFi applications accounted for a total of 27.44%. Up to now, the total number of ETH locks has reached 3.2803 million, accounting for 3.04% of the total ETH market circulation, and the total number of EOS locks has reached 109 million, accounting for 10.65% of the total EOS market circulation. In the past week, overall: 1. Affected by Maker’s continuous reduction of interest rates, the interest rates of mainstream lending platforms such as Compound are gradually approaching, which means that the arbitrage space that exists is getting smaller and smaller; 2. DeFi projects The overall lock-up value increased by 2.53% from last week. [2019/10/7]

4. Does BTC really consume so much energy?

Achieving a sustainable future is an existential issue for humanity. So anyone who accuses governments, companies or technology of undermining our ability to fight climate change should take it seriously. But we should not point fingers at will. If we made the kind of rhetoric we did in the early 2000s, it would have serious consequences, diverting attention away from the real barriers to long-term sustainable development and slowing down the process of overcoming them. Nor is this article exhaustive, nor is it intended to be definitive on the topic. However, as a cryptocurrency proponent and someone deeply concerned about climate change, this article outlines my framework for thinking about the issue of BTC’s energy consumption. click to read

5. Uniswap v3 capital efficiency has achieved initial results, what opportunities does the LP asset management track have?

In this paper, by visualizing the recent liquidity trading volume data of v2 and v3, and comparing the capital efficiency of the two, we can clearly see the improvement of the capital efficiency of v3; due to the centralized liquidity characteristics of v3, market making needs to be more specialized, so It can be expected that the Uniswap v3-based active-zce market-making strategy track will explode in the future. At the same time, we also briefly introduced the projects on this track currently on the market. click to read

6. Why can a string of codes cause huge waves in the art circle?

In the eyes of ordinary people, NFT is a "string of codes", and the public does not know its true connection with artworks. What the public sees is that pieces of "incomprehensible" works of art are sold at "incomprehensible" high prices. But advocates believe that NFT landing in the field of art is the best attempt for virtual currency to move towards real purchases. Click to read


Golden Observation | Suppressed by trading and mining, BTC hit a low point since February 9.

Because Musk asked Tesla to suspend accepting Bitcoin payments and criticized Bitcoin for energy consumption, Bitcoin once fell to 45,000 USDT.In China, which is one of the Bitcoin trading and mining markets.

A pair of virtual sneakers sold for $5,000 is "really fragrant" or an IQ tax?

Image source @RTFKT Studios official website spent $5,000 to buy a pair of "non-existent sneakers". This pair of sneakers can not only be sold and traded online.

Financial Commission: Crack down on Bitcoin mining and trading behaviors and resolutely prevent individual risks from being transmitted to the social field.

Liu He presides over the 51st meeting of the Financial Stability and Development Committee of the State CouncilOn May 21.

6 must-reads a week | Does BTC really consume so much energy?

1. About Polkadot’s slot auction and crowd lending, it is enough to read this articleShawn Tabrizi, one of the developers of the auction and crowd loan system, introduced the auction.

Jiang Zhuoer: Stability overwhelms everything

Learning the most basic ZZ common sense is of great benefit to investment1. The highest level of supervision, the most fundamental purpose is to maintain social stability, that is.

Technology Weekly|Kusama Parallel Chain is expected to be launched next Monday

This week's Technology Weekly contains technical news about Ethereum, Polkadot, EOS and other networks.The Ethereum Foundation JavaScript team will release EIP-1559 / London-ready versionOn May 20th.

SBF's Carbon Emissions Math Classroom: How much carbon does Bitcoin emit, you can figure it out

It may be that too many people are criticizing Bitcoin for not being environmentally friendly. FTX founder SBF posted a mathematical article on Twitter.