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Messages - zenzen4188

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We believe that IT is changing and will keep changing the way we live and of course our future. IoT (Internet of Things) has been a major topic of discussion, especially in 2014.


Everyone predicts that in the near future almost everything will be connected to the Internet and will have its own IP address. Connectivity not only includes PCs, laptops, tablets, and smartphone, but coffee machines, refrigerators, TVs, washing machines, microwaves ovens, cookers, closets, etc…


I am afraid that one day the refrigerator will refuse to open because it reads my mind about wanting chocolates and finds that I am overweight. The next day my car will not drive me home, but to the local gym after checking my schedule and finding some free time. Then it will kick me out saying, “Go do some exercises, your extra weight consumes more fuel, and my chassis will not endure until next summer!” Thank goodness it is just a dream right now. I do not even own a car and will never think about buying a smart internet connected refrigerator, simply because it is very expensive.


In this article I will share my thoughts and raise questions about IP addressing related to IoT’s future:


BitCherry | IP addressing issues related to the future of the Internet of things (IoT):


In 2012, the number of Internet-connected devices exceeded the number of people on earth, and about 25 billion objects will be Internet-connected by 2020. The numbers are amazing, but in order for IoT to reach its full potential I think we will need more IP addresses than we are currently anticipating.


If we look back to the 90’s Dr. Vinton G. Cerf, aka the “Father of the Internet”, showed up with his T-shirt “IP on Everything”. He had a strong vision about IP and the way we should use it. So how can IoT reach its full potential?


IPv6 is the most promising solution right now. When IPv4 was introduced no one imagined the future size of the Internet. IPv4 only had the capacity to handle 4.3 billion addresses, while Ipv6 can handle about 340,282,366,920,938,463,463,374,607,431,768,211,456 address. Will IPv6 be enough for IoT devices and objects? Until now it seemed the answer was yes. But what about tomorrow and the day after tomorrow?


In most of today’s IoT systems, sensors collect data and use wireless connectivity to forward it to the controllers. The controllers which are IP-Enabled gather the raw data and forward it across an IP network to the online application in order to process the data, which allows individuals to access the controller remotely. Many sensors are connected to one controller, which connects to the IP network using a IP address. This means many sensors share one IP address. Now there are IP-Enabled sensors that support TCP/IP, which removes the need for a controller. Will that start a new model where sensors and controllers are combined in one system, like a wearable PC? If so this will increase the demands of new IP addresses.


For example, in agriculture instead of one weather station for the whole orchard, maybe every tree will have its own internet connected microcomputer device, which will have a lot of sensors and data collected by those sensors, sent over WLAN or the Internet to farmer system software which manages the orchard. This means every tree will have an IP address to connect to the WLAN and the internet. I don’t think that will be limited to orchards only. Cattle farms already use simple wireless sensors to report the temperature of the cattle and detect illnesses early. Maybe every cow in the future will wear its own computing device, so it will need its own IP address. Maybe in the future we will see new technologies like: COIP (Cattle over IP), TOIP (Tree over IP) & POIP (Pet over IP).


BitCherry | With the demand for new IP addresses, is IPv6 enough?


In order to solve these issues, BitCherry firstly proposed, the block chain network protocol built on IPv8 technology. The size of an IPv8 address is 512 bits, compared to IPv6 (128 bits) and IPv4 (32 bits). The address space therefore estimated has 2^512 = 13407807929942597099574024998205846127479365820592393377723561443721764030073546976801874298166903427690031858186486050853753882811946569946433649006084096 address which enough for every single thing on earth to have IP Address.


In order to ensure privacy of data transmission and malicious nodes, different with the traditional P2P network protocols, The P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmitted content is encrypted, and only the receiving node can decrypt it, ensuring the confidentiality of the transmitted content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Unlike the SSL certificate system and account/password method adopted by OpenSSN, P2P+ authorizes network reads/writes of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP addresses to prevent false IP address attacks.


BitCherry P2Plus work on more underlying IP network layer and the data link layer (which can work simultaneously in Host and router), so P2Plus can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.


As it can be seen above, Huawei New IP and BitCherry IPv8 have some similarities like


1. Background: Both are based on the disadvantages of the traditional Internet, which exist in the background that the traditional Internet is unable to support the connection of massive, networked subjects, has low transmission efficiency, instability, and is prone to attacks.


2. Objective: Both are committed to build a more secure, efficient, and open internet, supporting the interconnection of all networks, the interconnection of all things, and precise transmission. It has the characteristics of flexible addressing, efficient operation, safety, and efficiency.


When the reality of traditional internet increasingly becoming unstable, we believe there will be more new technologies that will build with BitCherry for a better future, we also believe, this technology of BitCherry, will become the most dazzling star. The release of new IP will also have a more active role in the development of BitCherry, the two will work together to accelerate the upgrade of the Internet. Let us look forward to the arrival of web3.0 together!


Explore BitCherry Official Website to know more about IPv8 : https://www.bitcherry.io/

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Blockchain Project Observation: Polkadot Parachains Online Process Release, BitCherry Testnet Phase II Coming Soon


Since 2021, the blockchain field has accelerated into the era of ten thousand chain interconnection, and cross chain star projects such as Polkadot, Cosmos, aelf, BitCherry, etc. have also received extensive attention from the market. Among them, Polkadot, as a heterogeneous Multi Chain blockchain network, has taken cross chain as its main selling point since the birth of the project.


It seems that Polkadot has entered the stage of smooth operation, but according to the analysis of the technical personnel in the industry, there are some problems in the protocol design of Polka. In the Polka architecture, in order to reliably synchronize the state of the parachains to the core chain, every block generated by the whole node of the side chain needs to generate a corresponding validity proof block. All nodes of the core chain verify the validity proof block through the algorithm provided by the side chain developer. If the verification is passed, the side chain block related data is written into the core chain (equivalent to the state of the side chain is synchronized to the core chain). However, as the verifier can only verify one side chain at the same time, as time goes on, the same verifier will switch between different side chains. If Polka has many side chains, it means that there may be only a small number of verifiers in one side chain at the same time. If these verifiers happen to be bad people, they can conspire with the collector of the side chain to cheat on the execution of the side chain and synchronize the false data to the main chain. In this case, the security of the side chain will not be guaranteed.


Even if Polka set up the mechanism of "Bounty Hunter" and "Random Inspection". However, one of the biggest problems of this mechanism is that in order to set aside sufficient reporting time, it takes quite a long time from the side chain block submitting the core chain to the side chain block being linked by the core. In the Ethereum cross chain scheme mentioned in Polkadot's original white paper, it takes half an hour for Ethereum to step into the Polka, and one hour for Polka to step back to Ethereum. This means that it may take more than ten minutes or even an hour for a Polka side chain to send a cross chain message before it can be received and processed by the message receiver. In the cross-link time delay, Polka has some problems that cannot be ignored.


As the best means to realize the asset flow, information exchange and value interconnection between different blockchain platforms, cross chain technology is similar to the high-speed channel between different public chains. It can realize the data transmission between different blockchain networks and greatly reduce the transmission cost. The security, performance, and scalability of data on the chain need to be carefully considered. Recently, BitCherry, a blockchain project in the spotlight, has been rumored that its test network is about to enter the second stage. As a scalable blockchain infrastructure based on IPv8 technology, BitCherry splits the data according to the needs of different practical application scenarios and provides corresponding types of side chains according to different circulation contents. The main chain is only responsible for the consensus and transaction of the main token, while the number of side chains can increase with the increase of business volume and data, and the nodes of different sub chains handle their own business and according to the design of multi-layer systematic security assurance mechanism, to resist all kinds of attacks. However, BitCherry is still in the early stage of technology research and development, and its main network is not online yet. At present, there is no actual case in the market to verify the practical use of its technology concept.


Blockchain technology as an emerging technology, most projects are crossing the river by feeling the stone at present. It is not difficult to choose the development direction, but the difficult thing is to choose the right direction. The current cross chain projects have distinct technical characteristics, and their different characteristics will attract different demanders in the future. What we need to do now is to give more tolerance and confidence to technological innovation projects.


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Decentralized Perpetual Trading Platform YFX starts Genesis Mining

YFX, the first DEX that offers 100x trading leverage on perpetual contracts has just announced YFX token distribution plan. Anyone can participate genesis mining to get rewards of YFX token on Binance Smart Chain, Huobi Heco Chain and TRON.

The genesis mining including three events: trade mining, liquidity mining and trading competition. Each event has its own YFX token pool. When user trade or provide liquidity on yfx.com, he or she will receive Hash Power according to the dollar value of the position. YFX token will be distributed after the events end according to the accumulated Hash Power. here is no public sale of YFX token. All YFX token offer to the public will through these mining events.

The distribution of YFX is the first step YFX enter DAO. YFX token gives voting power to decided key parameters on YFX. It also enables future development work from team outside core development team, it can make sure when new technics came out, YFX could catch up with the trend to evolve by itself.

YFX uses QIC-AMM and a system de-risk mechanism to migrate perpetual futures trading from CEX to DEX without reducing the trading leverage, which makes YFX the first DEX that could offer 100x leverage on a perpetual contract. You can do everything on YFX that you can do on BitMex or OKEx. YFX is poised to compete directly against established centralized exchanges. YFX runs on Binance Smart Chain, Huobi Heco Chain and TRON, for faster transaction times and cheaper gas fees compared to Ethereum. The YFX team is also working on Ethereum’s Layer 2 solution to provide pragmatic perpetual trading on DEX.

About YFX

YFX is the first DEX that offers 100x trading leverage on perpetual contract. YFX Descartes V1 launched on Binance Smart Chain, Huobi Heco Chain and TRON, and all trades are held and processed by smart contracts. The main goal of the YFX team, which is formed by a group of engineers who have years of experience working on trading systems and blockchain, is to build a DEX that can compete with CEX on derivative trading.

Reference:

Website: https://www.yfx.com/

Twitter: https://twitter.com/YFX_Defi

Telegram: https://t.me/YFX_EN

Discord: https://discord.gg/xwAtjpabC5

Media Contact: media@yfx.com

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How can blockchain change the current banking landscape?

Banks often act as middlemen within the global economy by managing and coordinating the financial system through their internal ledgers. Since these ledgers aren’t available for the public to inspect, it forces trust in banks and their often outdated infrastructure.

Blockchain technology has the potential to disrupt not only the world’s currency market, but also the banking industry as a whole by cutting out these middlemen and replacing them with a trustless, borderless, and transparent system that is easy to access by anyone.

Blockchain will potentially help facilitate faster and cheaper transactions, increase access to capital, create higher data security, enforce trustless agreements through smart contracts, make compliance smoother, and more.

Additionally, thanks to the innovative nature of blockchain, the ways that the newly available financial building blocks can interact with each other can potentially lead to entirely new types of financial services.

What are the main benefits of blockchain for banking and finance?
Security, Transparency, Trust, Programmability, Privacy, Performance

Safer agreements through smart contracts

Contracts exist to protect people and businesses when they enter into agreements, but that protection comes at a high cost. Due to the complicated nature of contracts, the process of creating one requires a lot of manual work from legal experts.

Smart contracts enable the automation of agreements through tamper-proof, deterministic code that is running on the blockchain. Money can safely stay in escrow and is only released when certain conditions of the agreement are fulfilled.

Smart contracts substantially reduce the element of trust needed to reach an agreement, minimizing the risks of financial agreements and the odds of ending up in court.

BitCherry of P2Plus network protocols how to provide a safer service for traditional banking business

P2Plus Network Protocol Security

Different from the traditional P2P network protocol, in order to ensure the privacy of the network transmission and to prevent the gateway nodes from doing evil, the P2Plus network protocol implements point-to-point encryption. To put it simply, Bitcoin and Ethereum are transmitted in plain text during the network transmission process, and other network nodes passing through can be parsed. Although digital signature technology is used to ensure that the transmission content will not be tampered , but dont ensure confidentiality andprivacy protection. The P2Plus network protocol uses a point-to-point private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, ensuring the confidentiality of transmission content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Unlike the SSL certificate system and account / password method adopted by OpenSSN, P2Plus authorizes network read / write of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP address to prevent false IP address attacks.

Because the underlying link layer and IP layer are transparent to the upper TCP application layer, a large number of traditional application layer services can be seamlessly migrated to the P2Plus network, thereby automatically implementing decentralized, point-to-point encrypted mail, chat, WEB service. Due to the point-to-point encrypted communication and signature authorization mechanism, the P2Plus protocol can also prevent DNS and DDOS attacks.

Reference:
Website: https://www.bitcherry.io/
Twitter: https://twitter.com/BitCherryGlobal
Facebook: https://www.facebook.com/BCHCGlobal/
Telegram: https://t.me/BitCherryGlobal
Discord: https://discord.gg/nNY9A9tn2D
Business Contact: business@BitCherry.io & contact@BitCherry.io

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BitCherry the World's First Commercial Scalable Blockchain Infrastructure Based on IPv8 Technology has the potential solution to resolve many of the issues facing ad networks, including the rampant fraud scam and malicious that is quickly, and unfortunately, becoming a central point of contention within the industry.

So many different scams have transpired over the past year that it can be hard to keep up with new ones. The COVID-19 pandemic has opened up new ways for cybercriminals to target people on the web. Think about all the COVID-related scams we’ve seen over the past few months alone. There have been tons of vaccine scams, stimulus check scams and even disinformation campaigns targeting people looking for vaccine information. This COVID vaccine scam is particularly nasty.

Here’s how this fraud scam works: Victims enter the term “home depot” in Google search, and the results return a malicious ad. The ad is placed at the top of the search results, adding to the likelihood that users will click on it.



This ad looks like a legitimate campaign for Home Depot, down to the standard URL — homedepot.com, which appears when you hover over the link.

If you click on the ad, you will be redirected via several different ad services and eventually land on a tech support scam, which they’ll try to convince you to buy your way out of via expensive and unnecessary software programs. It’s the oldest trick in the book. The problem is,this type of scam can be super effective and can cause lots of issues if you fall for it.

How decentralized ads could avoid this kind of fraud scam ad? Centralization by itself is not an inherently bad thing. It can improve the efficiency of networks by reducing the distance information needs to travel, and it makes management of the full network much easier. Regardless, centralization in practice tends to have some unforeseen and unexpected side effects. First among these is a reduction in transparency across the network that invites dishonest, profit-taking, and even potentially fraudulent activity that can go unchecked due to a lack of accountability. Because managers of centralized ad networks aren’t obligated to reveal their inner workings to advertisers, there is no way to guarantee that traffic, views, and click-throughs are real and not bots. At a certain point, there has to be an implicit trust on the side of advertisers that publishers are working in their best interests, something that is not always given. This murkiness has led to instances where an ad network’s traffic is 60% fraudulent in many cases, and 100% in a few more.

To resolve this, BitCherry Blockchain Technology are looking to blockchain to help alleviate the issue of bots and fraud scam on ad networks. BitCherry Blockchain Technology could create a system that improves accountability with blockchain’s open ledger technology, which allows buyers to see where their dollars are being placed. The ability to verify transactions and see how each dollar spent translated into ad buys can reduce the waste caused by fraud scam. BitCherry Blockchain Technology will enhance the transparency to an industry that due to automation and centralization has become embroiled in a crisis of trust.

The costs of a centralized system are prohibitive More than fraud scam, though, is the problem of cost-effectiveness. Ad networks represented a straightforward way to simplify the process of finding and placing ads in the right website, but they have since morphed into a system that extracts significant value at all points across the chain without adding real value. The core issue is that the system is set up with gatekeepers at every point between advertisers and publishers, increasing costs and pressure to show results in measurable terms.

This pressure means marketers and advertisers have little incentive to fix ad networks as fraud scam and bot traffic makes their centralized systems seem highly successful. In this case, BitCherry blockchain companies are taking a different tack. BitCherry Blockchain ad platform is looking to solve this issue and more. BitCherry Blockchain is busily building a decentralized ad network that seeks to remove the influence of middlemen and the costs they place on all transactions. However, it is also concerned with user experience, implementing less intrusive and irritating ads. To that end, the BitCherry’s BCHC Token can also be used to reward sites that are known to be ‘good traffic’ as well as create more integrated ad strategies. This additional focus by BitCherry makes it a likely top contender to unseat some of the entrenched ad networks.

Removing the barriers to openness The ad industry remains slightly paradoxical. There is a strong need for robust ad networks that abridge the job of marketers and advertisers looking to place their companies in highly visible locations. There is also a strong incentive on the part of networks to engage in dishonest practices to boost their metrics and appear more successful. This dynamic does not lend itself to honesty or even efficient interaction.

BitCherry the World's First Commercial Scalable Blockchain Infrastructure Based on IPv8 has the potential to resolve many of the issues, including the rampant fraud scam that is quickly, and unfortunately, becoming a central point of contention within the industry. By embracing the technology’s propensity to disintermediate and democratize, companies can create models that let ad networks continue generate revenues but balance the scales to offer advertisers a better shake alongside a more accountable and equitable return on their own investments.

To know more about BitCherry Blockchain Infrastructure Based on IPv8, kindly refer to BitCherry Official Website at : www.bitcherry.io

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The benefits of using blockchain in healthcare Some of the features that allow cryptocurrency blockchains to act as a secure record of financial transactions are also applicable to storing medical data. Since most blockchains are designed as distributed systems that record and protect files through the use of cryptography, it is extremely difficult for someone to disrupt or change the data without having the approval of all other participants of the network. Therefore, immutability is one of the features that enable the creation of incorruptible databases for medical records.


Moreover, the peer-to-peer architecture used in blockchains allows all copies of a patient's record to be synchronized with one another as updates are made, even though they are stored in different computers. In fact, each network node holds a copy of the entire blockchain, and they communicate regularly to ensure data is up to date and authentic. Thus, decentralization and data distribution are also important aspects.


It is worth mentioning that blockchains are distributed but not always decentralized (in terms of governance). Decentralization is not a binary thing, so depending on how nodes are distributed and on the overall architecture, distributed systems may present variable degrees of decentralization. In the context of healthcare, blockchains are usually built as a private network, as opposed to the public ones that are typically used as cryptocurrency ledgers. While anyone can join and contribute to the development of a public blockchain, private versions require permission and are managed by a smaller number of nodes.


Increased security
As mentioned, one of the most important use cases of blockchains in the healthcare industry is leveraging the technology to create a secure and unified peer-to-peer (distributed) database. Thanks to blockchains' immutability, data corruption should no longer be a concern. The blockchain technology can be used to effectively register and track the medical data of thousands of patients. Unlike traditional databases that rely on a centralized server, the use of a distributed system allows for data exchange with higher levels of security, while also cutting down on the administrative costs that the current system imposes. The decentralized nature of blockchains also makes them less vulnerable to technical failures and external attacks that often compromise valuable information. The security provided by blockchain networks can be particularly useful for hospitals, which are often dealing with hacker invasion and ransomware attacks.


Interoperability
Another advantage of blockchain-based medical records is their ability to enhance interoperability among clinics, hospitals, and other health service providers. Technological differences in data storage systems often make it difficult for organizations to share documents. Blockchains, however, can solve this problem by allowing authorized parties to access a unified database of patient files or even medicine distribution records. So rather than attempting to interface with each others' internal storage, service providers can work together on a single one.


Distributed business public blockchain BitCherry - Distributed Cloud Computing Cloud computing is a type of distributed computing, which refers to the process of decomposing massive data computing processing programs into countless small programs through the network "cloud", and then processing and analyzing these small programs through a system composed of multiple servers to obtain results and Return to the user. In the early days of cloud computing, it was simple distributed computing, which solved task distribution and merged the calculation results. Therefore, cloud computing is also called grid computing.


As the world's first technology-based services to IPv8 distributed business expansion can enhance blockchain infrastructure, BitCherry innovative physical layer built P2Plus-end encryption network protocol that provides a high-performance, high security for the medical field, increased availability of the underlying technical support, Through cloud computing technology, it can complete the processing of tens of thousands of data in a short time (a few seconds), thereby providing robust network services for the medical field. The application scenarios of cloud computing technology in the medical industry are wealthy. Effective use of cloud computing technology can solve many problems in the medical industry in data management, telemedicine, etc. Still, at present, it is limited by the unique business model restrictions of the medical sector, BitCherry also requires constant exploration and development, but precisely because of this step by step exploration, BitCherry to allow better integration of cloud computing technology integrated with the medical profession to serve the community.


Reference:
Website: bitcherry.io
Twitter: twitter.com/BitCherryGlobal
Facebook: facebook.com/BCHCGlobal
Telegram: t.me/BitCherryGlobal
Discord: discord.gg/nNY9A9tn2D
Business Contact: business@BitCherry.io & contact@BitCherry.io

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BitCherry project BCHC continued to rise for 9 consecutive trading days, rising more than 6.5 times from the bottom.


According to BitTok market data, as of 16:00 today (GMT+8), the platform currency BCHC rose for 9 consecutive days, rising more than 6.5 times from the bottom. As the first scalable blockchain infrastructure based on IPv8 technology to serve distributed commerce. BitCherry public chain builds P2PLUS peer-to-peer encryption network protocol with a new idea of innovating the physical layer, realizes highly scalable data architecture through hash diagram improved by relational graph, and provides operation mechanisms such as intelligent contract and cross chain consensus. BitCherry provides high-performance, high security and high availability underlying technical support for global businesses. Its services cover many fields, such as supply chain finance, product traceability, asset digitization, commercial consumption, e-commerce, distributed cloud computing, etc.



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BitCherry (BCHC) Blockchain technology has the potential to create a new era of gaming and drive true adoption in the industry.

Blockchain technology has recently become a phenomenon in various areas of the economy, driving innovation, fostering growth, and bringing added value. Among the most noteworthy of these sectors is the gaming industry. Gaming is a use case that drives true adoption of blockchain technology by taking the incentive for the user from pure speculation to transactions on a blockchain platform. This drives innovation in development as well as consumer adoption.

According to Newzoo’s Global Games Market Report says the global gaming market will generate $159.3 billion in revenue in 2020.That would be 9.3 percent year-over-year growth. What’s more, the industry to surpass $200 billion in revenue in 2023.

BitCherry (BCHC) is the world's first scalable blockchain infrastructure based on IPv6 technology to serve distributed commerce. BitCherry blockchain technology is committed to building the connection between business Avenue blockchain technology and real society, helping traditional enterprises build a trusted distributed business environment. BitCherry BCHC Blockchain Technologies can unlock immense benefits for the gaming entrepreneur and developers by preventing fraud activities and offering a secure environment to develop, launch games or monetize them. There are many popular games that need to be purchased before using them. In such situations, BitCherry can help in buying and selling in-game assets easier with the help of cryptocurrencies in a safe way.

BitCherry (BCHC) transactional technology can be a great way to build and manage in-game currency accounts. This will help in managing the rewards the players get on winning various stages, levels, competitions, etc.

The usage of BitCherry (BCHC) blockchain development solution in gaming enables players to purchase game assets without depending on third-party payment providers to process the currency transactions.

Speculation on platforms that may find blockchain applications and tokens useful in gaming is on the rise, and the platforms are often listed on top exchanges shortly after being released. With the continued development of easy-to-use user interfaces, standards for BitCherry blockchain applications using aBFT+PoUc Consensus Mechanism to offering greater transaction speeds, and the release of items capturing the attention of audiences — acceptance by the mainstream is only a matter of time.

BitCherry (BCHC) Blockchain technology is especially suited for gaming, and gaming can directly benefit from blockchain technology, both technically as well as in unlocking value from in-game items, tournaments, character development and gamer recognition. This paves way for esports being a leader in the sports and entertainment sector, much like the internet is now.

Today, traditional media is mostly run on the internet, so perhaps through blockchain technology, all sports could one day contain elements of esports.


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Safer than a traditional P2P network protocol

BitCherry P2Plus how to improve the security of electronic identity?

Among the many emerging use cases of blockchain technology, digital identity management and verification is perhaps one of the most promising. In 2018 alone, billions of people were affected by personal data breaches, all around the world. There is an undeniable need for more secure methods of storing, transferring, and verifying sensitive information. In this context, blockchain systems may bring valuable solutions to some of the difficulties faced by most centralized databases.

The implementation of cryptography and blockchain in digital identity may provide at least two major benefits. The first is that users can have better control over how and when their personal information is used. This would greatly reduce the dangers associated with storing sensitive data in centralized databases. Also, blockchain networks can provide higher levels of privacy through the use of cryptographic systems. As mentioned, zero-knowledge proof protocols allow users to prove the validity of their documents without the need to share details about them.

The second advantage is the fact that blockchain-based digital ID systems can be more reliable than the traditional ones. For instance, the use of digital signatures could make it relatively easy to verify the source of a claim made about a user. Other than that, blockchain systems would make it harder for a person to falsify a piece of information, and could effectively protect all sorts of data against frauds.

How can blockchain apply to digital identity systems?
P2Plus Network Protocol Security

Different from the traditional P2P network protocol, in order to ensure the privacy of the network transmission and to prevent the gateway nodes from doing evil, the P2Plus network protocol implements point-to-point encryption. To put it simply, Bitcoin and Ethereum are transmitted in plain text during the network transmission process, and other network nodes passing through can 14 be parsed. Although digital signature technology is used to ensure that the transmission content will not be tampered, but don't ensure confidentiality and privacy protection. The P2Plus network protocol uses a point-to-point private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, ensuring the confidentiality of transmission content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process but also to authorize access through signatures. Unlike the SSL certificate system and account/password method adopted by OpenSSL, P2Plus authorizes network read/write of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP address to prevent false IP address attacks.


BitCherry to P2Plus network protocols plus HashGraph algorithm as the core, I believe BitCherry blockchain technology based on electronic identity would be an efficient and safe technical support.

Blockchain technology has great potential to change the way digital data is verified, stored, and shared. While many companies and startups are already exploring the possibilities, there is a lot to be done. Still, we’ll certainly see more services focused on digital ID management in the coming years. And most likely, blockchain will be a central part of it.

10


In the DeFi track, how does DEX rookie YFX quickly occupy the high ground of decentralized perpetual contracts?
The DeFi world is changing rapidly and new gameplay is updating everyday. As the most popular and fastest-developing trading product in the DeFi field, DEX obviously will not miss the fastest-growing derivatives market in the cryptocurrency trading market. In the field of cryptocurrency derivatives, the distinctive perpetual contract has naturally become a high ground for competition in the new battlefield of DEX derivatives.

It is understood that since 2020, at least seven DEX platforms including YFX, DerivaDEX, dYdX, Futureswap, Injective Protocol, MCDEX, and Strike Protocol have announced the launch (or will launch this year) of the decentralized perpetual contract trading market and every of the platforms has adopted different designs in terms of transaction mode, contract mechanism, product specifications and infrastructure, which means all have its own characteristics and strengths.
Compared with several other DEXs, YFX's advantages are particularly obvious and the trading process is more convenient.


1. YFX is the world's first and only decentralized derivatives trading platform that supports 100x leverage trading.
2. YFX is the first platform that launched on the TRON mainnet and the handling fee during transfer and transaction is the lowest among all DEXs.
 3. YFX only supports decentralized derivatives trading and the products are more professional and convenient.
4. YFX is the world's first cross-chain decentralized derivatives trading platform that supports the four public chains of ETH, TRON, BSC, and Heco.
5. All funds of YFX are managed by smart contracts. The platform cannot operate any funds of users. All smart contract codes are open source and have been audited and verified by professional institutions. Through smart contracts, users can deposit and withdraw their funds at any time.
6. YFX is the world's first decentralized contract trading platform that supports USDT%u3001coin and hybrid swap.
7. YFX%u2019s current trading method adopts an isolated margin trading method, each order is independent of each other, profit and loss are independently settled.
8. YFX applies the QIC-AMM market maker pool trading method to provide users with extremely high liquidity and extremely low trading slippage. Traders directly trade with QIC-AMM to open and close their position. The depth is a function of the available balance of the LP pool, there is no impermanence loss in the LP pool.

11


YFX is a transparent decentralized trading platform for perpetual contracts. All funds are hosted by smart contracts. All smart contract codes are open sources, which have been audited by the professional institutions. Users have full control of their funds in smart contract. YFX is committed to empowering the development and adoption of DeFi. Derivatives are the basic tools of financial market risk management, hedging and arbitrage. As DeFi's lending products mature day by day, derivatives will become the cornerstone of its next series of innovation, development and maturity.

100x leveraged futures trading
YFX-first Defi trading platform support 100x Leverage
YFX-first Defi trading platform support Ethereum, Tron, Binance Smart Chain and Huobi Heco
YFX-First trading platform support coin margin swap, USDT swap and hybrid swap.
Up to 100x leverage, supports coin margin swap, USDT swap and hybrid swap, and supports Ethereum, Tron, Binance Smart Chain and Huobi Heco.
Its features and advantages are as follows:

1) Excellent trading method
Order would be first put on blockchain then filled with the price set in the order.

2) Excellent trading on blockchain
To avoid delay and uncertainty on blockchain, YFX invent QIC price quotation system to guarantee trading efficiency and fairness.
Step one, trader put their order onto blockchain.
Step two, QIC price index system feed smart contract with the price at the time order been put on blockchain.
Last step, smart contract open or close position.

3) Excellent market maker pool
Each trading pair has a market maker pool, and users' trades and P&L are settled with the market maker pool. All trades would be made with the Market Maker Pool. For each trading pair, there is a Market Maker Pool, orders are settled in Market Maker Pool. As market maker, you only need to staking one type of token to Market Maker Pool, redeem your fund in Market Maker Pool at anytime you want.

4) Excellent Non-over-loss mechanism
YFX solved system over loss issue. In YFX, market maker use a different leverage as traders. In a normal situation, market maker would use 1/5 leverage when a trader trade with QIC-AMM. For example, when a trader open a position of 100 USDT, 10x leverage long position, QIC-AMM will use 2x leverage, in this case 500 USDT will be frozen in market maker's account.
Both traders and market maker have a loss and profit cap with in the case of liquidation, the trading platform won't afford any loss from market swing and protect all assets in our smart contract.
This mechanism prevent systematical liquidation rick by put a cap on winning and losing traders. This mechanism can prevent losing traders drop below zero. This mechanism can avoid trading failure caused by block time delay and other uncertainly issues.


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Dare not use centralized trading platform to trade contracts. The black box operation is too serious.

Do you support DEX which has 100x leverage?

As one of the most complex and mature instruments in the financial market, the market for derivatives is huge. According to data from the Bank for International Settlements (BIS), the total value of derivative contracts is approximately US$640 trillion. The total market value of the contract is approximately US$12 trillion. Defi which is in the explosive growth of decentralized finance aims to allow developers to rebuild these financial tools in a decentralized environment through smart contracts, which may eliminate some of the drawbacks of centralized platforms, such as custody , opaque, easy to insert pins, etc. Nowadays, a decentralized perpetual trading platform called YFX (yfx.com), which is the world's first to support 100x leverage, is seizing the derivatives track as a dark horse.

What is YFX(yfx. com)?
The easiest way to understand YFX is to think of it as a decentralized version of Binance Contract, Huobi Contract, and OKex Contract. The difference is that YFX supports perfect cross-chain contract transactions. Then referring to the position of the YFX white paper, YFX is a transparent decentralized perpetual contract trading platform based on Ethereum, TRON, BSC and Huobi chain Heco, providing up to 100x  leverage for trading BTC , ETH and other assets.

YFX Contract trading platform has most of the rules of perpetual contracts, and supports the trading of USDT swap,  coin swap and hybrid swap. A specific optimized design is made for smart contracts, which simplifies many calculation schemes for perpetual contracts. All funds on YFX are managed by smart contracts and all smart contract codes are open source and are audited and verified by professional institutions. Through smart contracts, users can deposit and withdraw their funds at any time.

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Centralized derivatives trading platforms are full of complaints, problems such as system breakdown during peak trading hours, unplugging of network cables and pin insertion appear frequently. In addition to high transaction fees, some even use user data as counterparties to achieve fixed-point blasting. At the same time, centralized derivatives trading platforms have to face pressures from supervise.

So why can't we have a decentralized derivatives trading platform where we can trade smoothly?
Here we need to focus on YFX (yfx.com), the only decentralized perpetual contract trading platform that supports 100x leverage, which can solve various problems faced by traders.

YFX is a transparent decentralized trading platform for perpetual contracts. All funds are hosted by smart contracts. All smart contract codes are open sources, which have been audited by the professional institutions. Users have full control of their funds in smart contract. YFX applies the QIC-AMM market maker pool trading method to provide users with extremely high liquidity and extremely low trading slippage.


YFX (yfx.com) is powerful
Support 100x leverage trading for multiple type of crypto assets.

YFX (yfx.com) Easy Access
YFX has no interest in your personal data. No email, phone number or photo ID needs to provide. No KYC. Trade 24/7 from anywhere in the world.

YFX (yfx.com) High liquidity pool
YFX uses QIC-AMM to provide high liquidation and low slippage.  We design LP pool correlate to depth of the market to avoid impermanence loss.

YFX (yfx.com) Cross-chain trading
YFX be the first Defi trading platform support cross-chain trading.  User can choose to trade on Ethereum, Tron, BSC and Heco chain.

YFX (yfx.com) Non-over-loss
No systematic liquidation under extrem market swing.

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The DeFi field has amazing upside potential. Whether it is relative to the entire crypto market, or especially relative to the traditional derivatives market, the total value of DeFi is negligible. New users entering the field will bring liquidity and promote the exponential growth of the DeFi derivatives market.


Compared with the products launched by CEX, the transaction of various products in DEX is still not much, but the decentralization features such as permissionless and non-custodial insisted by DEX are becoming more attractive to the crypto world, coupled with a large number of professional flow which has solved the liquidity problem that DEX has been facing.  We are looking forward to the breakthrough development of DEX market share.


Among the few DEXs, INJ and YFX are mainly based on decentralized derivatives contract transactions in terms of products. Let's take a look at the differences between the two DEXs in terms of trading mechanisms.


In terms of market making mechanism:


✅ YFX applies the QIC-AMM market maker pool trading method to provide users with extremely high liquidity and extremely low trading slippage. Traders directly trade with QIC-AMM to open and close their position. The depth is a function of the available balance of the LP pool, there is no impermanence loss in the LP pool.


✅ Instead of the AMM mechanism, INJ only uses the Layer 2 side chain to achieve efficient transaction efficiency, and makes it possible to trade cross-chain assets by basing on the Cosmos-Tendermint underlying protocol.


In terms of transaction mechanism:


✅ YFX adopts the market maker fund pool trading mechanism, each trading pair corresponds to a market maker fund pool.  All user orders will be traded with the market maker fund pool and the user's profit and loss will eventually be directly conducted with the market maker fund pool  settlement. In the process of market making, market makers only need to invest in one currency to participate in market making.


✅ If the net value at the time of redemption is higher than the net value at the time of purchase, it can make a profit.
INJ is temporarily in the testnet stage and has not publicly disclosed its trading mechanism.

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YFX, the first DEX that offers 100x trading leverage on perpetual contracts has just launched, adding an important piece to the DeFi money legos, and creating a direct competition against CEX on derivatives trading.


The most traded Bitcoin product in centralized exchanges is Bitcoin futures, which is 10 times bigger than spot trading in terms of the trading volume. But in DEX, spot trading platforms like Uniswap are occupying a large portion of the total trading volume, and there is not a single decentralized futures trading platform that could reach even 1/10 of Uniswap’s trading volume. What stops decentralized futures trading platforms from becoming 10 times bigger than Uniswap? Why are decentralized futures trading platforms performing worse than their centralized counterparts?


The main reason is that decentralized futures exchanges don’t currently provide an attractive futures product to compete with centralized futures exchanges. For instance, centralized futures exchanges like BitMex can provide 100x leverage on Bitcoin futures trading. On the other hand, decentralized futures exchanges like dYdX only offer 10x leverage. None of the decentralized exchanges can keep up with the 100x leverage offering from centralized exchanges.


YFX Descartes V1 uses QIC-AMM and a system de-risk mechanism to migrate perpetual futures trading from CEX to DEX without reducing the trading leverage, which makes YFX the first DEX that could offer 100x leverage on a perpetual contract. You can do everything on YFX that you can do on BitMex or OKEx. YFX is poised to compete directly against established centralized exchanges. YFX Descartes V1 runs on the TRON MainNet, for faster transaction times and cheaper gas fees compared to Ethereum. The YFX team is also working on Ethereum’s Layer 2 solution to provide pragmatic perpetual trading on DEX.


About YFX


YFX Descartes V1 is the first DEX that offers 100x trading leverage. YFX Descartes V1 launched on the TRON MainNet, and all trades are held and processed by smart contracts. The main goal of the YFX team, which is formed by a group of engineers who have years of experience working on trading systems and blockchain, is to build a DEX that can compete with CEX on derivative trading.

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