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Golden Observation丨Can the exchange public chain really use its ecological advantages to break out of the encirclement?



Golden Finance Blockchain, May 19th From 2009 to 2021, the encryption market has experienced its first cycle. In these short 12 years, the market structure has undergone earth-shaking changes, and the competition in the industry has become increasingly fierce. As the most important link in the cryptocurrency ecosystem, the importance of exchanges is self-evident.

Especially in recent years, the iteration speed of the encryption ecosystem has become faster and faster. Some cryptocurrency exchanges are difficult to adapt to the development and will soon be brutally eliminated, while some top cryptocurrency exchanges rely on increasingly rich and mature product structures. With huge trading volume and liquidity, it has become the absolute protagonist on the current encryption stage. As the competition in the cryptocurrency market becomes increasingly brutal, and users are more mature than in the early stage of the industry, cryptocurrency exchanges have realized that it is no longer possible to gain a foothold in the industry only by relying on some dazzling gameplay, and must actively develop infrastructure in order to gain a foothold. invincible.

Jinse Finance mining data broadcast | ETH's network computing power rose by 4.29% today: Jinse Finance reported that according to the data of the spider mining pool:

The computing power of the BTC network is 128.006EH/s, the mining difficulty is 16.95T, the current block height is 643772, and the theoretical income is 0.00000817/T/day.

The computing power of the entire ETH network is 213.779TH/s, the mining difficulty is 2739.97T, the current block height is 10661764, and the theoretical income is 0.01374984/100MH/day.

The BSV network computing power is 1.992EH/s, the mining difficulty is 0.29T, the current block height is 648163, and the theoretical income is 0.00045172/T/day.

The BCH network computing power is 2.860EH/s, the mining difficulty is 0.41T, the current block height is 648389, and the theoretical income is 0.00031472/T/day. [2020/8/15]

Cryptocurrency exchanges begin to deepen the public chain business

Golden Noon News|A list of important news at noon on July 12: 7:00-12:00 Keywords: Bitcoin giant whale, DeFi loan agreement, Coinbase

1. The transfer to the 38th largest Bitcoin whale address on July 9 was actually a normal operation of Coinbase.

2. The DeFi lending protocol bZx announced the BZRX address, and tokens will be released on July 13.

3. Analysis: Despite limited V2 adoption, Uniswap continues to dominate the DEX space.

4. Data: Since the beginning of the year, the number of Ethereum active-zce addresses has increased at twice the rate of Bitcoin active-zce addresses.

5. Coinbase CEO: Providing blockchain analysis services will help the company connect with law enforcement.

6. Foreign media: US PPP loan applicants include crypto mining companies and trading platforms.

7. Nash co-founder: After the COVID-19 pandemic, government agencies and others will benefit from blockchain technology.

8. SKALE released a phased report on the incentive test network, and the next stage will test the function of replacing faulty nodes. [2020/7/12]

For this reason, many cryptocurrency exchanges have begun to explore public chain business. In fact, the exchange public chain is not a new thing. As early as 2019, Binance first launched the public chain test network, and then exchanges such as Huobi, OKEx,, and Kucoin followed up. Today's exchange public chain has entered an era of contention, especially in the current bull market environment, major cryptocurrency exchanges are paying more and more attention to public chains.

Golden Morning News | The U.S. Congress discussed the introduction of two encryption-related bills on the 13th. Samsung denied providing cryptocurrency cold wallets: 1. IBM will test the blockchain agricultural system in Africa

2. CFTC Seeks Public Comments on Encrypted Asset Mechanisms and Markets

3. Samsung refutes rumors of offering cryptocurrency cold wallets in Galaxy S10 smartphones

4. The U.S. Congress will discuss the introduction of two encryption-related bills on the 13th

5. China Academy of Information and Communications Technology released the research report "Technical Development and Application of Blockchain"

6. The Shenzhen Taxation Bureau officially launched the "WeChat payment blockchain electronic invoice" function

7. The country's first blockchain insurance claim was born in Taizhou

8. The transfer of 850,000 BTC was confirmed as normal fund arrangement by Coinbase Exchange

9. The number of blockchain patents ranks the top three in Beijing, Shenzhen and Shanghai, and the eastern coast becomes a golden area[2018/12/12]

Currently, the exchange public chains on the market are divided into centralized and decentralized. Compared with the exchange public chain with a higher degree of centralization, the consensus nodes supported by the decentralized exchange public chain can reach thousands, and has absolute advantages in terms of throughput and personalized functions. In order to support a larger DeFi Ecology has laid a solid foundation. In particular, some old-fashioned cryptocurrency exchanges give people a calm and low-key feeling. They have performed very well in the cryptocurrency trading business, and they also have an absolute advantage in terms of the number of listed coins and the number of trading pairs.

Analysis|Gold disk: QUN/BTC short-term rise: Gold disk analysts said: QUN/BTC rose rapidly in short-term heavy volume, with an increase of over 7% within 15 minutes, the upper pressure level is 0.00000152, and the lower support level is 0.000001467. [2018/8/6]

In today's cryptocurrency and blockchain world, I believe everyone has heard the saying: Those who have the infrastructure of the public chain can win the world! If you want to stand out among many competitors, you must be much faster than similar products in terms of innovation and iteration speed, and be highly open and transparent, making it difficult for other exchanges to match. Only based on strong business strength can the exchange have confidence in the development of the public chain and ecological construction.

At this stage, the concept of ecosystem has been applied to the economic and encryption industries. In a broad sense, an ecosystem refers to a unified whole in which organisms and the environment form a certain space in nature. In this unified whole, organisms and the environment interact and restrict each other, and are relatively stable within a certain period of time. state of dynamic balance. At present, in the cryptocurrency ecosystem, whether it is platform currency, wallet, DEX, or mining, cross-chain, and custody, the relationship between each other is becoming closer and closer. Only an infrastructure based on the public chain can combine everything together to form a whole, support each other, and interrelate with each other, and then bring greater market competitiveness to ecological planners.

From this point of view, it is not difficult to understand that the core of the future development of the exchange lies in the ecological BUIDL based on the public chain. Major cryptocurrency exchanges have started the ecological construction based on the public chain. In terms of cross-chain ecology, they have launched decentralized asset cross-chain products, and they are about to enter the public beta stage. In addition, some exchanges have further integrated multi-chain ecology to realize multi-project cross-chain and share cross-chain ecology. In terms of DeFi ecology, some exchanges have formed a decentralized financial ecosystem, which includes decentralized stable currency (USDG), decentralized transactions, decentralized lending, liquidity mining, oracle machines and other important content-zce .

It is worth mentioning that some exchanges will also set the platform currency as the core of the entire public chain decentralized financial ecosystem. Generally speaking, the value of the platform currency depends on the value of the exchange itself and the ecological construction of the platform. The higher the popularity of an exchange, the greater the transaction volume, and the better the infrastructure construction, the higher the value of the platform currency will naturally be, and vice versa. If the popularity of the exchange declines and the trading volume is sluggish, the price of the platform currency will definitely decline accordingly. The annual increase data of the platform currency is actually an affirmation of the exchange's achievements in the exchange's public chain ecological construction by the market and the encryption community. Therefore, the performance of the platform currency can be regarded as a "barometer" of the ecological construction of the cryptocurrency exchange. From the performance of the platform currency, we can peek into the effectiveness of the exchange's business operation and ecological construction. the


Nowadays, due to the lack of infrastructure in the blockchain, many applications cannot be used by large-scale users. Even if you choose to take the route of multi-chain coexistence, it is also difficult to carry such a large transaction and ecological application, and the complexity of multi-chain operations sometimes even makes People are bored, which can easily lead to user loss. In addition, traditional public chains still have high gas fees, slow confirmation speeds, block size limitations, and network bandwidth issues, which have become difficulties that have damaged some projects and hampered their development.

In this case, these industry shackles provide an "entry opportunity" for a number of exchange public chain projects. As the exchange's public chain infrastructure becomes more and more mature and based on the advantages of ecological development, it is believed that the cryptocurrency and blockchain industry will be ready to enter the next reincarnation under the leadership of the leading exchange, and provide developers Bring better experience and stronger confidence to users. the

Part of this article comes from Yahoo Finance


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