Category Archives: News

JUNE, make your WEB3.0 investment safer

On February 3, 2022, Wormhole, one of the largest bridges between blockchains and the main bridge connecting Ethereum and Solana, was hacked and 120,000 ETH, about 3.2 One hundred million U.S. dollars.

Since the birth of DeFi, it has been accompanied by countless risks. Although the value of many DeFi projects has been explosively doubling, hacking incidents have also intensified. According to Rekt data, there will be 161 hacking incidents in the DeFi field in 2021, with losses as high as US$1.86 billion, a year-on-year increase of nearly 1,000%. Financial security issues such as malicious cheating series of supervisory nodes and hacker attacks cannot be ignored.

JUAN is a decentralized finance (DeFi) platform initiated by IPFS Mining DAO, which provides a next-generation financial model and allows users to conduct more secure financial interactions on the blockchain.

As the leading project of DeFi 3.0, it is completely different from the previous decentralized financial platforms. Its self-developed Alloy 3 technology has enhanced the regulatory rules of the protocol and brought a new breakthrough in DID+P2P technology for transaction security. The “ZKP zero-knowledge proof” and “multi-signature” technologies included in Alloy 3 greatly enhance the security of smart contracts. When conducting a transaction, the loan contract wallet requires two of the three parties to provide private key authorization to call the contract. According to the smart contract rules, it would require all 10 custodian nodes to collude with the borrower, assuming common cheating or fraud, and the probability of this happening is almost zero.

JUNE not only has a solid technical implementation plan, but also has a keen market insight and a mature operating strategy. In JUAN, users can interact directly, which means that no human intervention is required, making financial interactions more robust and efficient.

It is believed that JUNE will create a financial system that is truly owned by users, rather than being built, operated and controlled by a few large technology companies, to create a solid foundation for WEB3. An era that belongs to JUNE!

[AMA Recap]An in-depth look at For Metas and its first gaming app, Gloryland

On January 13, 2023, For Metas hosted a very in-depth AMA at the Crypto Sphere community from India. This AMA allows more new users to have a deeper understanding of the entire platform of For Metas and Gloryland, an upcoming game.

Crypto Sphere:

Before the start of the AMA, let me briefly introduce the process of today’s AMA. The AMA today will be having 3 segments:

1) Introduction

  • The Guest will introduce the project for you in a very common way , and later The Host and The Guest will go through some questions and answers

2) Twitter Questions

  • Five selected questions from Twitter along with link will be pasted in telegram group

3) Telegram Quiz

  • For Metas questions, the user who answers correctly the fastest will be rewarded with an R card

We will select 5 questions from Twitter who will get N CARDS and 1 winner of telegram quiz will get R CARD. Hope you guys understand. Let’s start
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TWYY—web3.0 intelligent ecological chain, opening a new wave of wealth

TWYY is the first innovative project developed with WEB 3.0 Internet technology created by the Singapore MG Foundation in 2023, which is run by community autonomy. TWYY takes financial contract as the link and combines online and offline, which is a cryptofinancial currency for web3.0 distributed business. This project invests 6 million US dollars, the total circulation of TWYY is 100 million, the issue price is 0.1 USDT / piece, including 3% pool; 4% private placement, 1% foundation; 92% gold standard finance (contract lock) output.

TWYY promotes global promotion by recruiting private equity members, senior partners and super partners. Combined with the high-quality attributes of TWYY and the traffic system of each community, TWYY will shine in 2023, so that all communities and partners will make full profits in the operation of TWYY.

Project party in the late technology application scenarios, with TWYY family can pay by TWYY global, free trading on the decentralized exchange move brick arbitrage, also can chain more destructive mining currency and a key currency TWYY for all players to provide intelligent butler services not only application in the chain can also be applied in daily life, truly TWYY in hand, wealth I have intelligent life.

TWYY will be officially launched in January 2023, at the same time we will open a comprehensive financial planning, suction powder drainage for the community, for in February overseas fund acquisition instructions fully prepared, and overseas community to build TWYY project, the well-known media at home and abroad, make a series of brand promotion for TWYY pull TWYY changhong all the way. After the completion of the above rules, the project side will carry out a large-scale global road show in the community. Officially bring into the WEB 3.0 wealth new wave in 2023! New opportunities!

Insights to Ethereum NFT Primary Market 2022: Collectors & Creators

In the report, it presents its insights on 2022 NFT landscape and showcase trending NFT projects in 2022.

NFTs have been one of the most dynamic and prominent parts of Web3 over the last two years. NFTs saw explosive growth in 2021, but this growth hasn’t been consistent and has leveled off so far in 2022. We will describe the NFT market in 2022 from the scale of NFT addresses, user activities, and collections.

 

Original link:https://www.0x90.club/post/insights-to-ethereum-nft-primary-market-2022-collectors-creators 

An A-Z of blockchain and crypto jargon

Since the blockchain is a very new industry, most of the

materials are in English. Therefore, for beginners, or friends who are not very good at English, it is difficult to find accurate professional vocabulary translations and definitions.

Here is an A-Z of blockchain and crypto jargon to assist you catch the updated and accurate information of blockchain industry.

Chinese version that translated by 0x90

0x90 will keep updating crypto jargon and hope it will help you get started with cryptocurrencies.

Original link:https://www.0x90.club/post/crypto-jargon

ForMetas — The leader of Blockchain Game 2.0

The epidemic has changed the way most of the world’s inhabitants socialize and entertain themselves. Many offline events have been moved online, such as graduation ceremonies on Animal Crossing, political meetings on Twitch, and concerts on Fortnite, and people have started to “keep social distance.” The home economy has given rise to the rapid expansion of encryption, gaming, live streaming, and other industries. People’s desire for real experiences is gradually decreasing, and the demand and imagination for virtual worlds are gradually increasing, and virtual worlds are bringing people more novel experiences.

Over the past decade, entertainment has radically transformed from offline activities to online services akin to social networks on the scale of consumer technology companies. Today’s entertainment is also driving innovation across the consumer ecosystem through new approaches to engagement, retention, and monetization. In the next century, Web3 will play a key role in defining the way we socialize, play, and work.

For Metas is building an aggregated application platform that provides a seamless and engaging entertainment experience for users. Users can gain access to various entertainment resources including but not limited to blockchain games, live streaming, social Dapp, metaverse and AR/VR within one platform in a fast, secured, permissionless, incentivized and decentralized way. For Metas is about to launch the platform’s first blockchain game Glory Land, so what is the difference between For Metas and other application platforms?

User-friendly, lower threshold

Web3.0 practitioners are constantly pushing the boundaries, and terms such as 「Gamefi」, 「Metaverse」 and 「Decentralized social networking」 are gradually entering the eyes of the public. We have also witnessed several iterations of the technology of the times

At the very beginning, the game was very simple and could not even be called a game, and a large number of projects were capital pools cloaked in game shells, with only simple pledge staking and mining functions. It was difficult to bring a long-term game experience to users, and they needed to pay a high cost to enter and it was not friendly to Web 3.0 newbie users at all.

Then, the application scenario was expanded, such as social attributes, users can interact with each other in the game competition with certain playability. However, most of the project did not achieve economic and game sustainability, and have fallen flat under the impact of the micro-environment. At this time the entry threshold is still very high. Traditional games are generally free, only occasionally need to top up, and it does not affect the smoothness and integrity of the entire game. In Web3, many games have a high threshold, which to a certain extent limits the entry of new players and seriously interferes with the user’s game experience.

In contrast, For Metas attracts more players by integrating the Web2 portal and lowering the entry barrier. In For Metas, users can experience the platform application through email. It’s not mandatory for new users to register web3.0 wallets, top up cryptocurrency, and have a series of other complicated processes. And this has largely reduced the entry barrier for web2 players to transit to web3 ones, For Metas aims to let users use the blockchain technology-based applications without perceptions. The ways users register, log in, and use the applications are quite similar to those of Web 2.0. And for web3.0-native residents, For Metas also provides the choice of withdrawing the tokens and NFTs and making them on-chain.

Then, For Metas embraces Free to Play, most crypto games are Pay to Play models that require players to pay first to play and buy high priced NFTs. This will turn away many players in the early days. For Metas have given away a number of Free Mint opportunities, even if users do not have advanced NFT, they can still enter the game, participate in the combat and get certain rewards. This gives free users the opportunity to get achievements by playing the game, experience the basic gameplay and thus step into the role of a paying player. Overall though the higher the level the greater the investment required, players can choose the right level according to their ability to pay, rather than needing to invest money blindly at the beginning when they have not yet experienced the game.

Applicatio and entertainment kingdom

The real solution to acquiring and retaining users is to build a platform that delivers innovative and interesting web3 applications, such as applications with interactivity, recyclability, attractive visuals and vibrant social elements.

As an example, For Metas believes that traditional game developers may have an easier time mastering game design with experience than web3 native founders. Traditional gamers don’t care about issues like NFT and game asset ownership. Users want to experience interesting games and gain some self-fulfillment in the process. Blockchain games also need interesting gameplay and a smooth entry experience which can attract traditional game users.

Such as the upcoming game Glory Land requires users to improve their strategy and skills. As an IDLE game, it has a wealth of built-in gameplay, including cultivating, cards, strategy, etc. Some players have a low learning curve, and some have a high learning curve. By satisfying users with different skill levels, we give players a sense of satisfaction and the opportunity to obtain NFTs of different values. With this division of users, players do not feel like they are doing repetitive and unnecessary work but get the thrill of nurturing, which greatly motivates the activity and retention of users.

In terms of game characters and design, Glory Land includes seven different factions, each with restrictions, weaknesses, and strengths against the others. The different factions determine the hero’s attributes, equipment, and stunts, and the player needs to consider the hero’s formation in each combat to improve the probability of winning.

There are various types of quests and activities in Glory Land. Each task will come with different rewards, and players can also choose to join different teams to cooperate. In the Campaign, players will advance gradually with the level, but it has a certain degree of difficulty at a later stage, and the corresponding rewards also get richer. Players can receive tasks after joining different guilds and get NFT, personal BUFF, and other bonus rewards.

In addition, For Metas also fundamentally changes the pricing and appreciation logic of the game NFT by introducing the card synthesis system, the auto-battle system, the staking system, etc. For Metas further enhance the durability of the game and make it break through the boundary by providing richer application scenarios.

Glory Land is only the first step for the game segment. Every year For Metas will launch and incubate 10–20 games, solving the problems of short life span and NFT value scrapping of a single game by injecting vitality through new ones. Even traditional games with 10 million downloads that can last six months are already a good product, so blockchain games also have a life cycle that is unavoidable. But in For Metas, users can experience new games constantly, and with the increase in time spent using the platform, the marginal cost drops greatly without a drop in revenue, fundamentally solving the problem that most p2e applications are not strong enough and need new players to support their operations at a later stage. For Metas by contrast, creates a virtuous and recyclable positive economic system.

In addition to the game module, For Metas will launch live streaming, social, AR/VR, and other features in the coming future. Henry Maine once said, “The movement of the progressive societies has hitherto been a movement from Status to Contract.. “ The Web 3.0 decentralized network returns ownership of data to the user, who only needs a DID to navigate through different social networks and application platforms. The networks established by users (e.g., games, metaverse) are associated with the decentralized social graph, which brings richer application scenarios and business value. In For Metas, users do not need to open multiple applications tabs, repeatedly switch between each other. Instead, it provides a fast, secure, user-owned, and incentivized solution with a variety of web 3.0 “sought-after” applications.

Interoperability and Fluidity

While traditional games such as Fortnite give users access to skins from third-party IPs like Marvel, Star Wars, and other co-branded games, Roblox players have avatars that can be used in any module built on the platform.

NFT is recyclable, as is the transaction infrastructure used in most of the applications in For Meta. It allows users to use a single asset across the “borders” between multiple games. That is to say, one game asset can be used in another game, even across categories. The application scenarios for a particular NFT are potentially unlimited in For Metas because the identity of the buyer is not limited to the in-game character.

This expands the application scenarios and future value-add for users’ virtual assets. Unlike other application platforms with multiple parallel offerings of assets, where there is a break in mobility for both assets and users, For Metas assets can cross between different applications and interact with the environment and in-app items, enabling internal empowerment.

Internal circulation, virtuous economy

The combination between the design of a complex application and the financial system is not a simple “1+1=2” escalation, but an exponential increase in difficulty. In the early days of Gamefi, designing a level, together with NFT and token, and then performing player numerical growth and validation resulted in a significant increase in complexity.

So far, most projects rely on “external circulation” survival, where players produce tokens with NFT and then swap to get stablecoins. In this case, it is facing sell pressure from both investors, token holders and players. It may accelerate the death of the game without distinguishing between investors and players.

Constant market buzz and newcomers are a must to support the interests of veterans. However, the life cycle of this mode is very short; “sell-off,” or the “death spiral,” accurately describes the problem. Once the system sustains a net value outflow, it’s like Pandora’s box of leveraged plunges with a currency multiplier effect. In For Metas, on the other hand, NFT is used as a vehicle of value, carrying discounted cash flow. The life cycle is expanded by using NFTs as both tools and outputs.

In the For Metas ecosystem, there are two main underlying financial value carriers, the platform token $4MW and NFTs.

$4MW is the fuel that drives the For metas ecosystem and the only medium for Dapp usage, consumption, and rewards. For example, $4MW is used for in-game spending, equipment purchases, upgrade consumption, etc.

NFTs are application assets in For Metas with the following features:

-Limited time and limited quantity offerings

-Users use NFTs to produce NFTs

-NFT can be staked to mine $4MW

To summarize, players need to consume $4MW to upgrade NFT and stake NFT to get $4MW. Players can also trade NFT to make profits. In this model, the token consumption brought about by NFT upgrading is active. The tokens consumed are reflected in the value increase of NFT, and in turn, players can get more tokens by staking NFT or selling NFT at a higher price in the secondary market to cash out. For Metas adopts the model of NFT yielding instead of traditional token yielding. This economic model results in internal circulation between players, requiring no new players to maintain the “inflationary” model.

For example, in the upcoming game Glory Land, players enter the game by free-mint or paid-mint NFT hero card. Then consume $4MW during the leveling process to obtain NFT fractions to synthesize mystery boxes, which can be sold on the secondary market for profits. Some cards have mineable attributes; players can choose to stake directly or upgrade the cards by consuming the specified cards to obtain higher staking income and level up in the game faster. Players can directly list and sell both the synthesized mystery box and the upgraded NFT card trading market on the website. It is worth mentioning that the For Metas can be used for secondary scenarios. For instance, a specific NFT can be used across different games launched, giving it the dimension of collection value and future value-added.

Redistribution and incentives

The majority of cryptocurrency projects make money by selling large amounts of tokens. If the team has a large number of unlocked tokens at an early stage, it is a whale and is easier to flee and profit. In For Metas’s case, 80% of the total supply is in circulation, and the liquidity is locked.

The redistribution is where the platform’s revenue comes from. Platform revenue will only be generated if users spend money on the platform. Hence, users and the platform share more skin in the game. Metas can be viewed as an infrastructure operator rather than a developer, delivering the product before closing the payment and departing. For Metas only builds a good infrastructure and operates it with care, there will be citizen use and continued revenue.

Similarly, in the redistribution model, a large amount of agreed-upon revenue also flows to the users. It is undoubtedly unfair if the project team takes a large amount of revenue and an influx of funds, instead of distributing the revenue to the platform users.

It’s similar to a company: the agreed income is the net profit of the company, and the net profit is necessarily distributed to all shareholders. As a result, the platform, as a founder, benefits from share appreciation and tends to make the cake bigger rather than increase its share of the cake.

In For Metas, the platform income is redistributed to the users through the guild rewards, staking rewards, invitation rewards, etc. A large part of the tokens consumed on the platform also go directly into the burning pool. This distribution rate and mode directly extend the life cycle of the platform, and the users also get better incentives and positive feedback.

Most projects bring an infinite hyperinflationary model by way of token output. In For Metas, all outputs are fixed, and most of the players’ assets are NFT; players swap tokens into fixed assets, reducing the high uncertainty of tokens that are cyclically consumed in multiple applications and achieving horizontal and vertical liquidity.

Ending

In the Web3 space, there are teams working on different applications such as Gamefi, Socialfi, Metaverse, etc., and For Metas is building a completely innovative integrated application platform. For Metas, revolutionizing the way web3 applications are built by encouraging a network with interoperability, composability, and scalability that leads to a self-sustaining and self-reinforcing flywheel through exquisite design and the introduction of different business logics.

A peek at the privacy project Iron Fish from the background

1. Technical introduction

Iron Fish is an easy-to-operate privacy protection trading platform based on Web3 technology.

Whitepaper: https://ironfish.network/docs/whitepaper/1_introduction

Selling point:

1, No super technical background is required, everyone can use it

2, with top encryption method

3, Available for audit by financial institutions

Its purpose is mainly to solve the pain points of slow cryptocurrency transactions, no privacy due to transaction broadcasting of all details, and imperfect and difficult-to-operate other privacy protection tools on the market.

Iron Fish does this by creating a new cryptocurrency called Iron. Users can operate nodes, mine, and trade. The specific information can only be viewed after the owner discloses the view key

(Refer to: https://ironfish.network/docs/onboarding/iron-fish-tutorial)

Technologies used in the product include:

1. Zero-knowledge proof, construct a private transaction that conceals the sender, receiver, and quantity, and provides valid transaction proof;

2. Proof of work, the advantage lies in security, better understanding of hacker attack vectors, and effective decentralization;

3. P2P broadcast, use gossip contract to prevent congestion.

图片7

Schematic diagram of P2P broadcasting, a broadcasts to bc, c broadcasts to de, d broadcasts to fg, and so on.

Iron Fish has launched the test network (reference: https://testnet.ironfish.network/about)

Provide incentives for contributing behavior. Different points can be obtained for different actions. After the mainnet is launched, IRON tokens can be shared in equal proportions with these points (note that the currently tradable iron in the market is a stable currency, which is easy to confuse). Those who get the highest points for each item can get an additional Iron Fish NFT. At present, the test network is relatively active, with users operating every minute. Official Twitter calls its testnet one of the largest in the world.

2. Financing situation

2021.11.30 Round A $27.6 million. a16z led the round, Electric Capital, Sequoia, Elad Gil (https://twitter.com/eladgil), Linda Xie (https://twitter.com/ljxie), Balaji Srinivasan (https://twitter.com/balajis ) and so on.

3. Company background

The company was founded during the COVID-19 epidemic in 2020, based on the frequent electronic transactions and the lack of privacy protection. IronFish got its name from World War II. In the Indian encrypted information system used by the US military, Ironfish means submarine. The founder believes that Ironfish can protect the network security in the cyber world just like a submarine protects the people in war, which is quite tender.

The website design style is clear and concise but not shabby. Blue, pink, and white are the main colors. The pattern has the feeling of Robinhood, and the logo is more memorable.

图片8

The company’s social media (brand twitter, CEO’s personal twitter) and website are all close to the people and highly interactive.

The official website will list the development stage and expected completion time on the google sheet, and carefully explain the meaning of each stage. Every small detail implements the meaning of “accessibility”, and is not afraid to let followers clearly understand the trend https://docs.google.com/spreadsheets/d/1KoJBd3WYmjBcwX-EGfshDQ4tDHxtNo0O8KFlfZ8d0jg/edit#gid=1590284126

In addition, there are detailed instructions on how to download IronFish on the testnet and conduct currency transfer tests (the level of detail is similar to the github installation tutorial, and even the homebrew installation method is covered), and each block is clearly listed here: https: //explorer.ironfish.network/explorer

4. Team background

CEO

Elena Nadolinski

https://www.linkedin.com/in/elenanadolinski/details/experience/

I grew up in Russia. From 2011 to 2014, I studied computer science at Virginia Polytechnic Institute and State University, a public university. I live in Fairfax, Virginia, near DC, with a strong high-tech atmosphere. Elena has worked at Airbnb, Tilt, Microsoft. It can be found on Elena’s LinkedIn page that her third-year intern boss highly praised her ability to make decisions, leadership and appeal, and her non-stop learning ability. Elena is also a member of the 2022 Forbes “30 Under 30” list in the financial sector. In addition, Elena in high school won the National Council for Women in Information Technology Award for Aspirations in Computing competition and was invited to the White House.

Veteran 1

Derek Guenthe

https://www.linkedin.com/in/derek-guenther/

https://www.linkedin.com/in/derek-guenther/

From 2009 to 2013, he majored in computer science at the University of Nebraska-Lincoln, a public university, and wrote a custom stock program during college. Joined IronFish in September 2020 and worked at Uber and Microsoft. It is worth mentioning that he and Elena interned at Microsoft at the same time and place in 2012. It is speculated that he and Elena met during the internship, and it has been 10 years since then.

Elder 2

Jason Spafford

https://www.linkedin.com/in/jason-spafford-14892511/

From 2008 to 2010, he studied computer science at State College of Florida-Manatee-Sarasota, a public university. His main job was writing games when he graduated. Joined in September 2020 and used to work at Uber.

designer

Skylar Richard

https://www.linkedin.com/in/skylar-richard-1b8999a4/

Canadian, studied philosophy at Mount Allison University in Canada from 2008 to 2012.

Software engineer Rohan Jadvani (https://www.linkedin.com/in/rohanjadvani/) joined in June 2021 and has worked at Citadel and Snap. From 2013 to 2017, he studied electrical engineering at Carnegie Mellon University. He often served as a teaching assistant for general computer studies. He studied in a public high school before.

Learn more about membership: https://ironfish.network/careers

A quick look at the features, technology and planning of Iron Fish, a new privacy public chain

The concept of privacy coins or anonymous coins has undergone many iterations and updates in the cryptocurrency market. From the early Zcash, Monero, to the later Grin, Beam, and the recently publicized Iron Fish project, they all try to combine privacy and privacy. The property of anonymity is directly given to the native token of the blockchain network.

 The Iron Fish project believes that a privacy-focused platform is worth exploring, so in addition to supporting the features of previous generations of privacy coins, they will also focus on accessibility. Their protocol architecture design will start from the network layer, allowing users to achieve point-to-point network connections in browsers, through WebRTC and WebSockets transmission protocols. The Iron Fish project will not only provide the basic functions of privacy coins, but also hope to explore the potential possibilities of privacy coins from other aspects such as user experience, ease of use, and accessibility.

Iron Fish is currently in public beta, and anyone can run a full Iron Fish node. Funding information has also been made public, with $5.3 million raised from angel investors and institutions including Electric Capital (Avichal Garg), Elad Gil, Metastable (Naval Ravikant and Lucas Ryan), A Capital (Kartik Talwar), Slow Ventures (Jill Carlson), Dylan Field (Figma), John Lilly, Jack Abraham (Atomic), Juan Benet (Filecoin), Jack Chou, Balaji Srinivasan, Lemniscap (Roderik van der Graaf), James Prestwich and Linda Xie.

However, there are still many details of the project that have not been disclosed, such as the specific consensus algorithm, token economics design, etc., and can only wait for the team to make it public later.


Iron Fish name origin:

submarine

The team stated that Iron Fish was named after the submarine code used by the “Navajo Nation” codebreakers during World War II, which is a metaphor for the protection and defense capabilities of encryption technology.

According to Wikipedia, the Navajo ethnic group has its own language, Navajo, which has no written language and can only be passed on orally. Its composition is quite complicated, and almost no one from outsiders can understand it. Therefore, in the Pacific War, it was used as a password for clear code calls, so that the Japanese army could not crack the US code, and it was not cracked until the end of World War II. In the Navajo language, “submarine” can be directly translated as “iron fish”.

The Iron Fish team said, “We chose this name because it can demonstrate the power of cryptography, a complex modern concept can be described in relatively simple words, and it has two tradable commodities in its name: iron and fish .”

 

Iron Fish core technology:

 Zero-knowledge proof, Sapling, WebRTC

Unlike some privacy coin projects (such as Zcash), all transactions in Iron Fish are encrypted transactions, which means that users do not need to disclose any information to any third party.

 In order to achieve this function, Iron Fish chose zero-knowledge proof technology in terms of privacy technology, especially influenced by the Sapling (sapling) technology invented by Zcash, but there are also some differences. The zero-knowledge proof technology they use is the Sapling proof of zk-SNARK Groth16. 

Zero-knowledge proof has become the core and most worthy research technology in terms of privacy and capacity expansion in the industry. For the technical details of Iron Fish’s zero-knowledge proof, it is recommended to refer to the official white paper.

In addition, in order to design the cryptocurrency to be easy to use, any account can be equipped with a key with read-only permission, which can disclose the transfer information of the account. This may also be a mechanism designed to solve regulatory issues. For example, Tornado.Cash also designed such a mechanism, so that users can prove the source of their assets.

 In order to make it easier for users to access the network, Iron Fish uses a combination of WebRTC and WebSockets as the transport layer to solve the problem of router port forwarding.Iron Fish uses a lot of technology to help nodes establish direct communication, and it can be used out of the box. Whether it is in a CLI (command line interface) environment or in a web browser, anyone can easily access Iron Fish.

 

consensus:

PoW with 15-second block generation, and the mining algorithm has not yet been disclosed

Iron Fish uses a PoW consensus that requires computing power, similar to Bitcoin. They will also dynamically adjust the mining difficulty through algorithms to provide an average block time of 15 seconds, which is similar to Ethereum. 

As for the specific PoW algorithm, the specific details have not been disclosed in the white paper, and will be disclosed close to the launch of the project.

 

planning:

Custom Assets, Layer 2, Mobile 

Privacy is of course important as a function, but the ecology of the blockchain network is also the core competitiveness of building barriers. So judging from the next step of Iron Fish’s work, they also realized that they need to continue to explore ecological construction.

If you look at the asset side first, there is not only Iron Fish’s native token “IRON” in the network, but it also needs to support the issuance and circulation of other assets, such as stable coins or other types of third-party assets. In addition, the team did not disclose whether there is a “FISH” token, but there is a possibility.

In addition, Iron Fish also considers the issue of scalability, and will promote the construction of the Layer 2 network and plan ahead. And they said they will also explore richer web support and mobile support, so that more people can easily access this network.

 

ASAPool,ASAPool,a high-yield mining pool focusing on the privacy coins

Before the main network of Aleo was launched, it received up to 200 million US dollars of investment from A16Z, Softbank, Samsung NEXT and other venture capital institutions. Now Aleo’s valuation has reached 1.4 billion US dollars! The ironfish of the same privacy track received investment from Sequoia Capital and A16z. After this battle, the privacy public chain track can be said to have earned enough attention. Famous investment institutions have driven the vigorous development of the privacy public chain track. More and more people have seen the huge potential hidden in this track, and more and more people want to enter the privacy public chain track first and participate in mining.

 

However, everyone wants to get a share of the pie. There are more and more miners, and the computing power is getting bigger and bigger. This makes it difficult for individuals to mine with a single device to get block rewards, so ASAPool was born. ASAPool is a mining pool that focuses on the leading track of the privacy public chain. It integrates the scattered computing power in the blockchain network and shares rewards among all members. In order to help users get more rewards and achieve high returns, ASAPool has made a lot of efforts.

 

On the one hand, the ASAPool mining pool has a large scale of original computing power, such a large-scale computing power capital reduces the uncertainty of mining failure, greatly increases the probability of mining block rewards, and the user’s income is related to the resulting Guarantee, the income will naturally rise with the tide. On the other hand, the ASAPool team has actively participated in the Aleo and iron fish projects from the very beginning, and all parties have coordinated and optimized the hardware and software dedicated to Aleo and iron fish mining, which makes ASAPool’s mining equipment more performant and the server more stable . In addition, in terms of fund security, ASAPool adopts multi-layer protection, which can effectively ensure the security of user assets from infringement.

 

Time is money, this sentence is regarded as the truth in the blockchain world. At this moment, the battlefield of the privacy track is in full swing. Come and participate in ASAPool, a high-yield mining pool that focuses on the privacy track, and enjoy a wave of first-hand benefits as a new entrant!

 

About ASAPool

 

Official Website: https://asapool.com

Twitter: https://twitter.com/ASAPoolOfficial

A new generation of aggregated Web3 application platform ForMetas has established an ecological partnership with Cocos-BCX

BlockBeats news, on December 16, according to official news, ForMetas, a new generation of convergent Web3 application platform, and GameFi Service Provider Cocos-BCX officially reached a strategic cooperation and joined the Cocos-BCX ecosystem.

Users can directly participate in the Cocos-BCX ecosystem through ForMetas, and at the same time, they can pay through $Cocos to play a variety of games on ForMetas. In the future, the two parties will carry out more in-depth cooperation on games, pan-entertainment and other aspects, and jointly promote the large-scale application of Web3.

ForMetas is building a convergent Web3 application platform that provides users with a smooth and immersive entertainment experience. The goal is to establish a one-stop hub where users can obtain various entertainment resources in a fast, safe, license-free, incentivized and decentralized manner on one platform, including but not limited to a variety of chain games, live broadcasts, social , Metaverse and AR/VR applications. The first game, Gloryland, is currently in closed beta and is expected to be officially launched in January 2023.

 

 

The original text was translated from BlockBeats

https://www.theblockbeats.info/flash/119786