Expanding the liquidity of the liquidity network: The "liquidity network" can be said to be the fastest bridge for asset transfer, aneip 1559 ethereum priced there are some interesting design trade-offs between trust and liquidity. For example, the liquidity network may be able to use the mortgage verifier model to outsource capital supply, where routing may also be a threshold multi-signature with mortgage liquidity.
In terms of business volume, the established projecan i buy dogecoin as a giftcts Aave, Compound and MakerDAO still firmly occupy the top three positions, and their TVL accounts for more than 70% of the entire lending market.However, the rise of emerging lending projects is also amazing. The top ten projects in TVL include Anchor ($3.12 billion) on Terra, Benqi ($1.23 billion) on the avalanche agreement, and Qubit ($400 million) on BSC. Unlike the big three lending giants that originated in Ethereum, these fast-growing lending forces all come from Ethereum’s competitors, which is the hottest narrative at the moment-the new public chain.
What is even more surprising is that in addition to the earlier launch time of Anchor (in March this year), the official launch time of the other two projects is only less than one month.In terms of the type of lending business, whether it is the number of projects or the amount of funds, basic lending projects account for a higher proportion, followed by leveraged mining lending projects, and other relatively new ones such as risk-graded interest rate products. The business volume is currently relatively small.Project StatusProduct launch time: August 24, 2021Qubit is a decentralized currency market that uses a mainstream borrowing capital pool model. Qubit's development and operation team is the team behind Pancakebunny-Mound, which was first deployed on BSC, and there are plans for multi-chain expansion in the future.
Project FeaturesThe main features of Qubit compared to other basic lending projects are:6. Revitalize time-honored brands. Deepen the time-honored "One Product, One Policy, One Plan" and support the release of "National Tide New Products". Support the agglomeration and development of time-honored brands in key business districts, upgrade and build flagship stores, brand stores, and integrated stores, and promote the digital transformation of time-honored brands. Implement an international strategy, support the promotion of time-honored brands at the CIIE, enter duty-free shops, and go to cross-border e-commerce platforms. Support time-honored enterprises to go public and issue bonds. Strengthen the special protection of time-honored trademarks, registration protection, coordinated protection in different places, and cross-departmental protection. (The Municipal Commission of Commerce, the Municipal State-owned Assets Supervision and Administration Commission, the Municipal Market Supervision Bureau, the Municipal Intellectual Property Office, and the Municipal Local Financial Supervision Bureau are responsible)
(2) Promote the improvement and expansion of service consumption in multiple fields7. Build an international gastronomic capital. Promote the construction of a food safety demonstration city and build a gastronomic capital with global appeal. Cultivate a group of international-level global catering and food streets, food gathering areas, special markets, etc., to create new supplies around national specialties, catering culture, food and wine matching, fashion tea, quality coffee, etc. Create iconic activities such as "Global Food Festival" and "Shanghai Snack Festival" to promote the integration and exchange of global food culture, tea culture and chef culture. (The Municipal Commission of Commerce, the Municipal Market Supervision Bureau, and the relevant district governments are responsible)8. Expand cultural tourism and leisure consumption. Accelerate the intelligent upgrading of cultural, tourism and sports venues, create a number of cultural facilities gathering areas with international influence, and build a number of high-level e-sports venues. Accelerate the development of the performing arts industry and form the world’s largest and most dense theater group. Cultivate animation industry clusters, and support a group of leading Shanghai local original animation and game enterprises with international competitiveness. Build an important art trading center in the world, establish an online art exhibition space and trading platform, and give full play to the role of the Shanghai International Art Bonded Service Center to attract international art gatherings. Cultivate national culture and tourism consumption pilot cities and demonstration cities. Build a multi-level and diversified flower market circulation system. (The Municipal Bureau of Culture and Tourism, the Municipal Press and Publication Bureau, the Municipal Sports Bureau, the Municipal Commission of Commerce, and the relevant district governments are responsible)9. Promote and enrich sports consumption. Create a multi-level fitness and leisure consumption scene, expand the supply of high-quality national sports events, and optimize supporting services for watching games. Vigorously develop the "three big balls", road running and other sports with consumption-leading characteristics. Encourage social forces to set up various institutions such as sports, physical fitness testing and sports rehabilitation. Develop the sports training market and cultivate sports brands. Promote the full coverage of urban sports centers in all districts to create a sports consumption complex. Carry out the construction of national sports consumption pilot cities, and vigorously develop the economy of holidays and night events, and the sports economy. (The Municipal Sports Bureau and the district governments are responsible)
10. Develop and increase consumption of healthy and elderly care. Create a health industry cluster and a batch of internationally competitive health service projects. Develop customized health check-ups, private health management and other health services, expand online health consumption, and promote the integrated development of medical care, health care, and elderly care. Develop international health tourism consumption, promote global international medical tourism pilot projects, and cultivate a number of internationally competitive medical service brands and projects. Develop tourism products with the health characteristics of Chinese medicine, and build a batch of Chinese medicine health tourism demonstration bases. Encourage social forces to revitalize existing resources and focus on the development of popular elderly care services. Promote the development of the old-age rehabilitation assistive device industry. (Civil Affairs Bureau, Municipal Health Commission, Municipal Development and Reform Commission, and relevant district governments are responsible)(3) Create a new highland leading the global consumer trend
11. Create a global launch site for new products. Deepen the construction of the "Shanghai Global New Product First Launch Demonstration Zone", support the research and formulation of policies and measures to promote the economic development of the first launch in all districts, and create an ecological chain integrating new product release, display and trading. Support leading e-commerce platforms to build global new product network launch platforms. Support the creation of a landmark high-end commercial complex with international influence, and attract the first stores, flagship stores, and concept stores of high-energy brands. Amplify the spillover effect of the CIIE, create a "global new product launch season", and support international brands, local brands and fashion brands to launch new product launches, debuts, first exhibitions and other activities in Shanghai. "Shanghai Fashion Week", "International Beauty Festival" and "Shanghai Auto Show" will be built into professional new product release platforms. Carry out the overall image promotion of Shanghai's global new product launch site. (The Municipal Commission of Commerce and the district governments are responsible)12. Accelerate the digital transformation of business. Create a demonstration zone for commercial digital transformation. Promote all-round digital transformation of large-scale chain commercial enterprises, and build a batch of smart shopping demonstration scenarios. Cultivate a batch of tens of billions of billions of e-commerce benchmark enterprises. Encourage in-depth cooperation between online platforms and physical businesses to create intelligent, customized, and experiential new business formats and new models. Gather a group of live e-commerce platforms that lead the development of the industry. Cultivate a batch of live events with international influence. Encourage brands to set up "live broadcast flagship stores." Build a batch of live broadcast e-commerce bases. Attract a group of MCN institutions with cross-border e-commerce service capabilities. Optimize cross-border payment and settlement services. (The Municipal Commission of Commerce and the relevant district government are responsible)13. Innovate and upgrade information consumption. Expand the field of 5G applications and cultivate new products, new models, and new business formats for information consumption. Promote the upgraded consumption of new information products such as smart terminals, wearable devices, and smart homes, and expand information services such as online literature and Internet games. Accelerate the development of online audio-visual, and cultivate new high-tech video formats under 5G conditions with higher-tech formats, updated application scenarios, and more beautiful audio-visual experience. Promote the large-scale application of 5G+4K ultra-high-definition video and edge computing networks, and vigorously promote the wide application of technologies such as smart TV operating systems with independent intellectual property rights, ultra-high-definition video codec standards, and digital content copyright protection. (The Municipal Economic Information Commission and the Municipal Culture and Tourism Bureau are responsible)14. Light up the city's night economy. Accelerate the overall layout of the "1+15+X" night economy, develop the riverside night economic vitality belt and the urban night economic core vitality circle, and create 15 landmark nightlife gathering areas and a batch of night economic characteristic demonstration projects. Encourage tourist attractions, museums, art galleries, sports venues, parks and other public venues to launch night events at specific times. Launched the festival brand of "Sixty-six Nightlife Festival". Establish a night economic advisory committee to study the night economic evaluation index system and improve the market autonomy management mechanism. Carry out the construction of night-time economic refined management demonstration zone, and coordinately optimize the city's comprehensive facilities such as night parking, traffic, lighting, and public security. Deepen the system of night district chiefs and chief executive officers of all districts at night, and coordinate the development of the night economy. (The Municipal Commission of Commerce, the Municipal Bureau of Culture and Tourism, the Municipal Sports Bureau, the Municipal Public Security Bureau, the Municipal Transportation Commission, the Municipal Greening and City Appearance Bureau, and the district governments are responsible)
(4) Building a landmark business district with global influence15. Improve the format and functions of world-class business districts. Nanjing East Road gathers domestic and foreign characteristic brands to create an international city meeting room. Nanjing West Road gathers international high-end brands, builds a Shanghai-style cultural landmark, and creates a world-class benchmark for urban renewal and quality consumption. The Xiaolujiazui business district creates a world-class landmark comprehensive business district with high-end commercial gathering and interaction, cultural experience, and business sightseeing functions. Huaihai Middle Road—Xintiandi highlights Shanghai-style features and creates a fashion consumption landmark that leads high-end fashion trends. Yuyuan Commercial District makes use of the characteristics of folk customs to create characteristic consumption landmarks linking folk customs and trends, nationalities and the world. Xujiahui Commercial District will create an experiential, three-dimensional, and intelligent world-class cultural and commercial integrated commercial district. The North Bund business district will create a world-class central vitality area with high-end commercial commerce, characteristic cultural experience, and international conference and exhibition functions. (The Municipal Commission of Commerce, the Municipal Planning and Resources Bureau, the Municipal Housing and Urban-Rural Construction Management Commission, the Municipal Transportation Commission, and the relevant district governments are responsible)16. Cultivate characteristic commercial blocks. Cultivate the formation of a number of integrated display, promotion and promotion of Chinese manufacturing, Chinese service characteristics of the national tide brand street. Create a batch of national commodity-specific neighborhoods that gather high-quality imported goods from around the world, integrate national-specific cultural activities, and provide flexible and convenient service models. Improve the quality of characteristic time-sharing pedestrian blocks, introduce characteristic weekend markets and street artist performances, expand the types of goods and services, create characteristic and vibrant neighborhoods, and support new time-sharing pedestrian blocks in areas where conditions permit. Create a batch of Shanghai-style characteristic commercial districts with roots in history, culture, soul, business, and famous brands. (The Municipal Commission of Commerce, the Municipal Planning and Resources Bureau, the Municipal Housing and Urban-Rural Construction Management Committee, and the relevant district governments are responsible)17. Create "Five New Towns" commercial landmarks. Accelerate the construction of comprehensive new city commercial centers in Jiading, Songjiang, Qingpu, Fengxian, and Nanhui, gather high-quality consumption resources, promote consumption integration and innovation, optimize commercial layout, and form a new city commercial system with distinct levels, reasonable layout, complete functions, advanced business formats, and misaligned development . Adhere to characteristic development, tap the advantages of resource endowments, rely on the important transportation hub nodes in the Yangtze River Delta, combine historical blocks, urban ecological landscapes, characteristic cultural tourism resources, etc., to form a characteristic consumption function area that combines business, travel and culture. (The Municipal Commission of Commerce, Lingang New Area Management Committee, and relevant district governments are responsible)
18. Improve the energy level and level of the community life circle. Build clusters of public service facilities with a full range of types and high levels of energy, enhance the richness, convenience and safety of community businesses, and accelerate the development of branded chain convenience stores. Accelerate the establishment of a cross-departmental, cross-regional, and industrial chain operation and control system for major and non-staple foods, and further strengthen the ability of mega-cities to ensure supply. Optimize the planning and layout of the standardized vegetable market, and promote the transformation of the standardized vegetable market into a smart vegetable market. Promote the quality and expansion of the housekeeping service industry, and vigorously cultivate leading enterprises in housekeeping services. Improve the breakfast supply system with chain breakfast outlets as the main body and supplemented by various forms such as special single stores, mobile food trucks, and take-out platform distribution. (The Municipal Commission of Commerce and the relevant district government are responsible)The bidding behavior of the Inner Mongolia Development and Reform Commission is a concrete manifestation of the use of scientific and technological means to further implement the virtual currency supervision policy, and also demonstrates the resolute attitude of the Inner Mongolia authorities.
On September 15, the Development and Reform Commission of the Inner Mongolia Autonomous Region announced the "Results of Winning the Bid (Transaction) of the Research Project on the Policy Mechanism for Cleaning up Virtual Currency'Mining'". Inner Mongolia Mengze Engineering Management Service Co., Ltd. won the bid for the project with a bid price of 295,000 yuan.The reporter of "Blockchain Daily" learned that this project is a research project for the Inner Mongolia Autonomous Region to clean up the virtual currency "mining" policy mechanism to continuously analyze and discover the secret virtual currency mining in Inner Mongolia.
In fact, as early as 2019, relevant departments in Inner Mongolia issued a policy to clean up virtual currency mining. In 2020, more than 30 big data and cloud computing companies were inspected on-site and found that 21 were actually encrypted mines. Among them are mining machine manufacturing companies Bitmain and Ebang International.In May of this year, Inner Mongolia took the lead in launching a new round of virtual currency mining and rectification activities in China. On May 25, the Inner Mongolia Development and Reform Commission issued the "Eight Measures for the Inner Mongolia Autonomous Region Development and Reform Commission on Resolutely Cracking Down on and Punishing Virtual Currency "Mining" (Draft for Comment).The "Eight Measures" impose requirements on the prohibition of virtual currency mining on industrial parks, enterprises, Internet cafes, civil servants, and individuals. The punishments for violators are "unprecedented", including the revocation of licenses, inclusion in the blacklist of untrustworthiness, Transfer to discipline inspection and supervision organs for handling, transfer to judicial organs for handling, etc.Industry insiders said in an interview with a reporter from "Blockchain Daily" that although all parts of the country are rectifying, there are still virtual currency "mining" companies in some areas that use "big data industry" as a package to enjoy electricity, land, tax and other benefits. Policies and avoid supervision, the daily management of virtual currency mining and transactions should not be taken lightly. Scientific and technological means should be used to monitor and supervise, and focus on pre-prevention, mid-event control, and post-event disposal.The bidding behavior of the Inner Mongolia Development and Reform Commission is a concrete manifestation of the use of scientific and technological means to further implement the virtual currency supervision policy, and also demonstrates the resolute attitude of the Inner Mongolian authorities.Technical means to monitor virtual currency mining
On September 8, the official website of the Inner Mongolia Development and Reform Commission issued the "Announcement on Competitive Consultation and Procurement of Research Projects on the Policy Mechanism of "Cleaning up Virtual Currency Mining"."According to the announcement, the main content of the research project has 10 items: (1) The generation and development process of virtual currency; (2) The position and attitude towards virtual currency "mining" and supervision situation at home and abroad; (3) The introduction of big data in our district , The original intention of cloud computing companies and the preferential policies provided; (4) the basic situation of the virtual currency "mining" project in our region (including costs, benefits, labor and electricity, taxation, etc.); (5) the virtual currency "mining" in our region Distribution of the main body of “mining”; (6) Identify virtual currency “mining” projects and big data and cloud computing projects through technical means; (7) Analysis of electricity consumption of mainstream mining machines and servers; (8) Clean up virtual currency “mining” "Relevant basis for behavior; (9) Impact on achieving carbon peak and carbon neutrality and accomplishing dual control goals of energy consumption; (10) Virtual currency "mining" behavior to establish a long-term regulatory mechanism related policy research, etc.
The announcement shows that the project budget is within 300,000 yuan, and the bid opening time is 9:30 am on September 15.At 16:39 on September 15, the official website of the Inner Mongolia Development and Reform Commission further disclosed the bid winning result of the project. Inner Mongolia Mengze Engineering Management Service Co., Ltd. won the bid with a bid of 295,000 yuan.
According to the industry and commerce information displayed by Tianyancha, Inner Mongolia Mengze Engineering Management Service Co., Ltd. was established on June 23, 2017 with a registered capital of 5 million yuan. The legal representative is Juhuhu. It is mainly engaged in engineering design planning, bidding agency, Engineering project integration and other engineering project management services, etc. From 2018 to 2020, the company won nine government projects in Sichuan and Inner Mongolia.A reporter from "Blockchain Daily" dialed the phone number left on the company's industrial and commercial information, and the result was an empty number.
Inner Mongolia has been at the forefront of the country's crackdown on virtual currency mining. On May 19 this year, the Inner Mongolia Development and Reform Commission issued a report on virtual currency "mining" companies. The reporter of "Blockchain Daily" called the Inner Mongolia Development and Reform Commission at that time. The other party said that virtual currency mining companies have very high energy consumption. Whether it contributes to local taxation or economic contribution, it is almost non-existent. In the future, Inner Mongolia will be used for virtual currency mining. The supervision of the country will remain high pressure.Subsequently, on May 25th, the Inner Mongolia Development and Reform Commission issued the "most stringent" eight measures to provide sites and power support for virtual currency "mining" companies such as industrial parks, data centers, and self-provided power plants. Those who conceal and fail to report, are not cleared and closed in a timely manner, or are not adequately approved and supervised shall be held accountable and accountable in accordance with relevant laws and regulations and internal party regulations.For the main body of virtual currency "mining", if there are big data centers, cloud computing companies and other entities participating in the virtual currency "mining" behavior, they will all be cleared and withdrawn, and the blacklist of the entry and failure of the mining personnel and the public office of participating in the mining The personnel shall be transferred to the discipline inspection and supervision organs for handling.If there is virtual currency "mining" against communication companies, Internet companies, etc., the competent authority shall revoke the value-added telecommunications business license in accordance with the law and be held accountable; if there is virtual currency "mining" against Internet cafes and other entities, the competent authority shall Suspension of business for rectification and other disposals in accordance with laws and regulations.
Bitmain and Yibang International were investigated in Inner MongoliaAs a major power province, Inner Mongolia has always been a key area for Bitcoin mining companies and miners; especially in winter, when hydropower resources in the South shrink, mining companies and miners ship a large number of machines to Inner Mongolia.
The Inner Mongolian authorities have always maintained a high pressure on virtual currency mining. However, mining companies and miners have played a "cat and mouse game" with the authorities.As early as November 2019, the Inner Mongolia Department of Industry and Information Technology issued the "Inner Mongolia Autonomous Region Department of Industry and Information Technology Development and Reform Commission, Public Security Department, Local Financial Supervision Administration, and Big Data Development Administration." "Notice" (Nei Gongxin Xin Ruan Zi  No. 384) (hereinafter referred to as "Notice").
The "Notice" pointed out that the Inner Mongolia Autonomous Region's joint inspection team went to some alliance cities to conduct joint inspections on the clean-up and rectification of virtual currency "mining" enterprises. The main contents of the inspection include analyzing the materials reported by the leagues and cities, based on the relevant data held by the autonomous region, focusing on finding out that it has nothing to do with the real economy, evading supervision, and high energy consumption, and enjoying local electricity prices with the "big data industry" as the package Virtual currency "mining" enterprises with preferential policies in terms of, land and taxation.According to China Times, in August 2020, relevant departments of Inner Mongolia conducted an on-site inspection of more than 30 big data and cloud computing companies and found that 21 of them were actually virtual currency mines, so they issued a notice of suspension of work. It is reported that this includes two subsidiaries of Bitmain and a subsidiary of Yibang International.
Relevant personnel of Bitmain responded to the reporter of "Blockchain Daily" today, stating that Inner Mongolia is an important town in the virtual currency mining industry. At that time, Bitmain did set up a mine in Inner Mongolia, but the specific reasons for the investigation and punishment need to be further understood.Yibang International told reporters that their mines in Inner Mongolia used to focus on production testing, and they withdrew after the Inner Mongolia policy became stricter.Chen Xiaohua, a think tank expert on Whale Platform and a review expert on major industrial Internet blockchain projects of the Ministry of Industry and Information Technology, told the reporter of the "Blockchain Daily" that although a new round of rectification has been initiated across the country since May, there are still virtual currencies in some areas "Mining" companies use the "big data industry" as a package to enjoy preferential policies on electricity, land, and taxes, and evade supervision.Chen Xiaohua further pointed out that various localities should not take the daily management of virtual currency mining and transactions lightly. They should use scientific and technological means to conduct routine supervision like Inner Mongolia, focusing on pre-prevention, mid-event control, and post-event disposal.
Kusama has opened the 8th slot auction, which also means that Kusama's relay chain will have an 8th parachain sharing security.The structure of Kusama's relay chain is the same as Polkadot's relay chain. Because of the shared security design, different heterogeneous chains can complete message communication. Facing the difference of heterogeneous chains, Polkadot's cross-chain protocol needs to have some different communication methods.
XCM is the message format for communication between different parachains. According to GavinWood's introduction to XCM, we extract part of the introduction to understand XCM.XCM is a message format. It is not a messaging protocol. It cannot be used to actually "send" any message between systems, its role is only to express what the receiver should do.
Polkadot comes with three different systems for actually communicating XCM messages between its constituent chains: UMP, DMP, and XCMP.UMP (Upward Message Passing) allows parachains to send messages to their relay chains.