Who is the foundation of blockchain: public chain or AWS?
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AWS service failure triggers a chain reaction, AWS is the most important infrastructure of the blockchain?
Summary
Summary
Special topic: On August 23, 2019, Binance announced that due to the failure of some computer rooms of the network service provider, the recharge and withdrawal functions of Binance were suspended. In addition to Binance, there are also many token trading platforms that have transaction or resumption of business abnormalities due to AWS failures, and some small exchanges have experienced pin insertion. It has been ten years since the birth of digital tokens, but compared with the traditional financial market, it is still at a very early stage. Traditional institutions have not yet entered this market on a large scale, and the industry infrastructure is far from perfect. In the whole process of this incident, it is not known how many problems were caused by AWS failure and how many were caused by the trading platform itself, but this incident undoubtedly exposed some problems existing in the trading platform industry. It has sounded the alarm for market participants, and more investors will realize the importance of a safe and stable exchange system. Only by optimizing the technical structure, preparing contingency plans, and improving the availability of the system can the exchange win the trust of users.
Quotes: The rebound is weak, waiting for the direction to be selected. This week, the total market value of digital tokens was US$274.87 billion, an increase of 1.5%; the average daily trading volume was US$51.59 billion, a decrease of 9.3%; the average daily turnover rate was 18.8%, a decrease of 1.3%. The current price of BTC is US$10,408, an increase of 0.3%; the average daily trading volume of BTC this week is US$15.7 billion, and the average daily turnover rate is 8.5%. The current price of ETH is 194.7 US dollars, an increase of 5.0%; the average daily trading volume of ETH this week is 6.58 billion US dollars, and the average daily turnover rate is 31.7%. This week, the BTC balance on the exchange was 883,600, a decrease of 2,300. The balance of ETH on the exchange was 9.25 million, an increase of 58,800. In the BICS secondary industry, the market value of physical assets and supply chain tokens has increased significantly.
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Risk warning: regulatory policy risk, market trend risk
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1 Topic: The most important infrastructure of blockchain: AWS?
1.1 "823 Incident"
The failure of AWS caused a number of digital token exchanges to trade or resume business abnormalities. On August 23, 2019 (the following are all Beijing time unless otherwise specified), Binance announced that due to the network service provider (AWS, namely Amazon Web Services, Amazon Cloud Computing Services, is a cloud computing platform created by Amazon,) Part of the computer room was down, and Binance’s deposit and withdrawal functions were suspended from 13:30 to 19:50 on August 23, 2019 (Hong Kong time). In addition to Binance, there are also many token trading platforms that have transaction or resumption of business abnormalities due to AWS failures, and some small exchanges have experienced pin insertion.
The AWS status page shows that starting at 11:36 on August 23, 2019, a small number of EC2 servers in a single availability zone in the AP-NORTHEAST-1 region shut down due to overheating caused by a control system failure that caused Multiple redundant cooling systems failed in parts of the affected Availability Zone. The freezer was restored at 14:21 on August 23rd, and by 17:30, most of the anomalies had been restored.
1.2 AWS is too big and unreliable?
AWS currently offers more than 165 services. Launched in July 2002, AWS provides many remote web services. In 2019, AWS provides more than 165 services, including computing, storage, database, networking, analysis, machine learning and artificial intelligence (AI), Internet of Things (IoT), security and application development, deployment and management. Some of the most popular services include Amazon Elastic ComputeCloud (EC2) and Amazon Simple Storage Service (Amazon S3). EC2 allows users to have virtual clusters of computers that are readily available via the Internet.
AWS currently operates 69 Availability Zones (fully isolated partitions of AWS's global infrastructure) in 22 geographic regions around the world, and plans to add three additional regions, Cape Town, Jakarta, and Milan, and nine more Availability Zones.
However, AWS has a history of several major outages.
It has been ten years since the birth of digital tokens, but compared with the traditional financial market, it is still at a very early stage. Traditional institutions have not yet entered this market on a large scale, and the industry infrastructure is far from perfect. In the whole process of this incident, it is not known how many problems were caused by AWS failure and how many were caused by the trading platform itself, but this incident undoubtedly exposed some problems existing in the trading platform industry. It has sounded the alarm for market participants, and more investors will realize the importance of a safe and stable exchange system. Only by optimizing the technical structure, preparing contingency plans, and improving the availability of the system can the exchange win the trust of users.
2 Market: the rebound is weak, waiting to choose the direction
2.1 Overall market:
2.1 Overall market:
Slight increase
The total market value of digital tokens this week was US$274.87 billion, an increase of US$4.13 billion or about 1.5% compared to last week. Following last week's volatile downtrend, the market has made a slight correction this week.
The USDT market cap is $4.06 billion, an increase of $11.5 million from last week. The enthusiasm for funds entering the market has declined, and USDT has only a small premium.
2.2 Core Token:
Counterfeit pass oversold rebound
The current price of BTC is $10,408, with a weekly increase of 0.3% and a monthly increase of 6.1%. This week, the average daily trading volume of BTC was 15.7 billion US dollars, and the average daily turnover rate was 8.5%. BTC rose slightly this week, and its performance was on par with mainstream tokens.
The current price of ETH is $194.7, with a weekly increase of 5.0% and a monthly decrease of 10.3%. This week, the average daily trading volume of ETH was 6.58 billion US dollars, and the average daily turnover rate was 31.7%. ETH fell sharply in the early stage and closed down slightly this week.
The current price of EOS is $3.68, with a weekly increase of 2.5% and a monthly decrease of 19.9%. This week, the average daily trading volume of EOS was 1.38 billion US dollars, and the average daily turnover rate was 41%. EOS was oversold in the early stage and rebounded slightly this week.
The current price of XRP is $0.28, with a weekly increase of 5.6% and a monthly decrease of 12.5%. The average daily trading volume of XRP this week was $1.1 billion, with an average daily turnover rate of 9.4%.
Most of the monthly volatility of major tokens fell this week. The monthly volatility of BTC was 18.5%, down 1.3% from last week; the monthly volatility of ETH was 19.4%, down 0.1% from last week; the monthly volatility of EOS was 20.8%, A decrease of 3.9% from last week; the monthly volatility of XRP was 16.9%, an increase of 0.4% from last week. This week, the volatility of XRP in the market rose slightly, while the volatility of other mainstream tokens decreased slightly.
2.3 BICS industry: the market value of physical assets and supply chain tokens has risen significantly
Among the top five BICS (Blockchain Industry Classification Standard, Blockchain Industry Classification Standard) secondary industries, the market value of the payment and settlement industry has decreased, from 75.8% to 75%. From the perspective of the rate of change in the proportion of market capitalization, the growth rate of the market capitalization of physical assets, supply chain, and information technology industries is relatively high, which increased by 195%, 48.6% and 20% respectively compared with last week; others, data & storage and non-bank financial The proportion of market capitalization decreased significantly, down 17.37%, 4.47% and 2.49% respectively from last week.
The BICS secondary industry with a relatively obvious increase in the number of tokens this week is others, data & storage, and public services, which have increased by 60%, 14.3, and 12.5% respectively compared to last week; the BICS secondary industry with a significant decline in the number of tokens this week The industries were supply chain and real assets, which decreased by 33.3% and 20% respectively compared to last week.
2.4 Market opinion:
The rebound is weak, and the long-term upward trend has not changed
The callback can gradually increase the position. In the long run, high-quality tokens have a lot of room for imagination. It is still in the early stage of the bull market, and callbacks are rare opportunities to increase positions. Investors can make asset allocation according to their own conditions.
The callback can gradually increase the position. In the long run, high-quality tokens have a lot of room for imagination. It is still in the early stage of the bull market, and callbacks are rare opportunities to increase positions. Investors can make asset allocation according to their own conditions.
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3 Output and popularity: the difficulty of mining has decreased, and the attention of BTC has decreased slightly
This week, according to GoogleTrends, the search popularity of the term Bitcoin is 12, which is slightly lower than last week, and the search popularity of Ethereum is 7, which remains unchanged from last week.
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4 Industry news: AWS service failure event sounded the alarm
4.1 The central bank stated that the research and development of electronic payment tools with digital currency characteristics has made staged progress
According to the official website of the People's Bank of China, recently, the central bank stated in the "People's Bank of China Annual Report 2018" that it will orderly promote the research and development of the central bank's digital currency, closely follow the international developments of the central bank's digital currency research, and actively participate in international exchanges. Steadily and orderly organize commercial institutions to jointly carry out the research and development of electronic payment tools (DC/EP) with digital currency characteristics, and achieve phased progress.
4.2 Nasdaq Adds XRP Index to Its Newly Launched Website
According to U.today news, Nasdaq added XRP to the new index of its newly established website new.nasdaq.com.
4.3 CME announced that it will add data from the Gemini exchange to the BTC and Ethereum pricing indices
CME's official Twitter announced that starting at 10:30 U.S. central time zone on August 30, the CME CF BTC and Ethereum USD pricing indices will be added to the Gemini exchange's transaction data. Gemini becomes the 5th constituent exchange of CME BTC pricing index and the 4th constituent exchange of Ethereum pricing index.
4.4 AWS service is abnormal, many exchanges are affected
A bug in Amazon Web Services, a subsidiary of Amazon, caused abnormal transactions on many exchanges.
4.5 Binance plans to create a regional version of Libra
