4 major outlets that should not be missed in the second half of the year: ETH2.0, Polkadot, storage, DeFi

Editor's Note: This article comes fromVernacular Blockchain (ID: hellobtc), Author: Five Fireball Leader, reprinted by Odaily with authorization.

ETH2.0

Editor's Note: This article comes from

Vernacular Blockchain (ID: hellobtc)

, Author: Five Fireball Leader, reprinted by Odaily with authorization.

In 2020, although Ethereum is still running on more than a dozen TPS, it does not prevent it from temporarily KO all the "Ethereum killers".

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Unfortunately, on the recent "Hello, ETH 2.0" AMA, ETH2.0 bounced again.

When you see it, there is a high probability that it will be the end of the year, and even the beginning of next year is also possible.

However, this does not prevent ETH2.0 from continuing to heat up as an outlet.

Want performance? Loopring with Zk-Rollup has already made a TPS2000+ DEX, and in addition to Zk-Rollup, we also have Optimistic Rollup, state channels, side chains... and other acceleration methods, which will be implemented one after another this year. Before the sharding of ETH2.0 came out, a few thousand TPS was enough. After two years, the sharding of Ethereum 2.0 took shape, 64X2000 (2.0 startup is 64 shards, each shard 2000TPS), up to ten Tens of thousands of TPS...

However, things are not that simple.

Want to cross-chain? I really don't know what is worth crossing on other public chains. At present, the most worthy crossing has always been BTC.

Now the semi-centralized ones include WBTC, SBTC, and IMBTC, and the decentralized ones include TBTC, RENBTC (Ren also has RenBCH, RENZEC, which brought these two main chain coins into the Ethereum ecosystem), all of which can bring BTC Introduced into ETH, especially the DeFi ecosystem, the total number of BTCs currently circulating on Ethereum exceeds 5,500, exceeding US$50 million, and the growth momentum is getting stronger and stronger.

Want ecology? Needless to say, other public chains need to work harder...

1. 32 ETH is not a decimal number. If you have pledged for at least 1-2 years, you will not be able to operate the band. If you fall, you will not be able to choose. Can you bear it? However, if everyone thinks this way, there are few people staking (500,000 ETH required for start-up), and the annual rate of 25% per year is too tempting, and you can't help but want to rush in. But if there are too many people rushing in (10 million ETH), the annual rate will be reduced to about 5%. This game and the final choice of the number of pledges are very interesting.

Polkadot

2. Many people do not have enough 32 ETH, or do not know how to operate, but want to pledge, what should they do? Now it is clear that some institutions, trading platforms or blockchain asset management projects will provide safe and reliable Eth2.0 pledge services to solve users’ worries. Some asset management projects also took advantage of this hot wave of 2.0 Staking to soar in price.

3. What should I do if I want to enjoy the dividends of staking without completely losing liquidity? It is estimated that in the next few months, I will see ETH2.0 tokens listed by trading platforms or staking service providers. Intra-trading provides certain liquidity.

So you see, just one stage 0, there are many topics, stories and hot spots that can be talked about, so in the second half of 2020, Ethereum is an outlet you can't miss.

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Polkadot

As mentioned earlier, with the support of Rollup family, Zk family, Ren, Keep and other expansion and cross-chain projects, Ethereum is equivalent to a role that is not high, but already has a luxury suit attribute point bonus. The other players of the same period are basically the rhythm of spikes, except for Polkadot.

V God said that the only thing that can defeat Ethereum is Ethereum 2.0. But in fact, Polkadot has this hope, although it is only hope at present.

If someone else said that, you can take it as a joke, but the person who said this is Gavin wood who wrote the Ethereum Yellow Paper and developed EVM and Solidity, so you have to pay attention.

storage

Polkadot is progressing slowly, slower than expected. However, no matter how slow it is, it will be much faster than the final stage of ETH2.0. What can be done in the final stage of ETH2.0, the full version of Polkadot, can theoretically be realized.

But although the Polkadot level and attributes are good, the accumulation of props and equipment is indeed far inferior to that of others who have played Ethereum for many years, and they must not be able to beat it at the beginning. Then there is almost only one thing that determines success or failure, that is, whether Polkadot is attractive enough to allow enough developers and ecological projects on Ethereum to "defect" to the past. If it can't, then the best ending is nothing more than fighting against Ethereum 2.0, defeating something, it doesn't exist.

However, in any case, when the first phase of Polkadot goes online in the second half of the year, especially when the auction of parachain slots goes online, it may become very popular. There will be overwhelming article publicity.

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storage

This is the closest outlet to us. After all, Filecoin really came out on a certain day in July-August.

As mentioned in the previous article, storage is a major category of blockchain, and 2020 is the starting point. After all, from Bitcoin to Ethereum, blockchain has been focusing on the category of "decentralized computing", and decentralized The big category of storage is just beginning.

The sense of capital is always much ahead of time. In the past week or two, some old and new storage projects have seen a very good increase in currency prices. After all, everyone knows that Filecoin is the boss, but the boss can’t be bought for the time being. Is it good for us to buy the second, third, and fourth? From the experience of the wind outlet in the past few years, when the wind blows, the leader flies the most. Directly bring alive the entire plate.

Let me briefly talk about the fundamentals of several storage projects that are basically impossible to zero:

Filecoin - the leader. It should be noted that the futures of several trading platforms will only start to circulate after 6 months after the main network is launched, and the prices of several trading platforms are very different. It can be regarded as a trading platform brand Premium discounts for effect and trust. The price of Filecoin will definitely not be low at the beginning. After all, it is an outlet and a leader in technology. There are very few coins mined at the beginning.

Sia (SC) - An old-fashioned storage project. Compared with Storj, it is obvious that SC is more inclined to the To C market. It is one of the members of the ETH Global ecology, with a capacity of more than 2PB and more than 1 million files in the network. After the launch of Filecoin, in terms of positioning, I feel that SIA may be the most impacted project.

Arweave (AR) - A new online celebrity in the storage industry, backed by various celebrity capital blessings, including Coinbase and USV, the main focus is "permanent storage", but because the project is relatively new and has not been listed in a major exchange, the liquidity is relatively lacking. The most special thing about AR is that it is based on IPFS. In other words, it is "same root" as Filecoin, and it can also be used as the incentive layer of IPFS. His way of survival lies in: providing an incentive layer product differentiated from Filecoin, that is, the main permanent storage. If one day Filecoin really dominates the storage world, then the only other storage project that is likely to survive may be the same-rooted but differentiated AR.

Regarding storage, I have a friend who has an opinion, which is a bit interesting, and the original words are put up for everyone to learn from:"The value network everyone talks about cannot be realized without cash flow input and output. With cash flow, there will be distribution problems. The ICO bubble is people's excessive pursuit of future profits, but the product may not be launched until 2 or 3 years later. The reason for the long cycle is that people invested a lot in infrastructure during the ICO period, among which storage has the greatest impact, but its proportion is very small.Once the storage problem is solved, the industry will usher in a big explosion of Dapp, which will bring sustainable income to the industry. The storage-based application development cycle will be shortened to 3-6 months or even shorter, and the financing scale will be greatly reduced. It is shorter than the infrastructure investment cycle and has a high rate of return, but the success rate is also lower. Therefore, it is expected that various Dapp incubators will appear. The decentralized method is the DAO profit fund, and the centralized method is still the traditional VC model. "

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DeFi Trilogy

A lot has been written about DeFi recently. The last article "

The partial bull market of DeFi indicates that the dominance of the Ethereum public chain is firmly welded again

", also through a large amount of data, illustrates the current localized DeFi bull market.

Recently, Compound's "borrowing is mining" has once again added fuel to the fire, making the already flaming DeFi even more boiling. In the short term, it may not be far from burning to its peak. In the long run, there is still a lot of fuel under the furnace of DeFi.

• trilogy

• Part 1: DEX is hot, borrowing popularity

• The rise of Uniswap, Kyber and other AMM automatic market maker DEXs let people know that there are more possibilities for DEXs. Loopring’s high-performance Layer 2 DEXs let people know that the performance of DEXs can not lose to CEXs.

• According to the current DEX rate and transaction volume, DEX alone can capture 90 million US dollars in fees every year, which also means that DeFi is not a tree without roots or water without a source from the very beginning.

At this stage:

ETH remains the largest collateral

DEX has become the starting place and main battlefield of various small coins and air coins

The main way of expression is Dex and Makerdao business

The core is to provide one-stop arbitrage services

At the end of this stage, let’s talk about the most popular Compound token recently. Many people say that it’s a governance token that doesn’t even have a dividend burning model, and can’t capture any value. Why is it so valuable?

Mastering the governance token means mastering the steering wheel of this project. It is very simple to submit a proposal one day, and what percentage of the handling fee will be divided into it? Competition and transactions for project governance rights will also be seen on DeFi in the future. Of course, Comp launched Coinbase Pro a few days ago with a price of more than $100... Hmm...

Part 2: DEX cannibalize CEX, BTC becomes the main body of collateral, DeFi derivatives trading is popular, and DAO is revived relying on DeFi

Although the share of DEX has grown rapidly this year, compared to CEX, the volume is still much smaller, and the development space is still huge. In the second part, relying on high-performance DEX + AMM automatic market maker algorithm + liquidity mining and other incentives , really began to erode the transaction share of CEX.

At present, there are only more than 5,000 BTC on ETH. In the second part of DeFi, BTC will surpass ETH to become the largest collateral in the DeFi ecosystem. Correspondingly, projects like Keep and Ren that bring BTC into the ETH ecosystem, It will be a small outlet worthy of attention in the big outlet of DeFi.

After the initial stage of financial development, more complex derivative transactions, options, lending, insurance, etc. will definitely be derived. DeFi has also begun to develop in this direction. The previous SNX asset synthesis, and the UMA on Uniswap some time ago, And some emerging decentralized options and insurance projects are worthy of attention at this stage.

With the issuance of Compound and Balancer, in the next few months, it is believed that more governance-oriented tokens will be issued, including Uniswap. DAO, a blockchain-native concept, is expected to return to people's attention again with the DeFi boom after experiencing previous failures.

Part 3: The introduction of assets outside the circle, the importance of compliance, and the battle of stable coins

DeFi has an invisible ceiling, that is, the market value limit of ETH or BTC.

To break this limitation and truly realize the ideal of blockchain changing the world, we must break the barriers of the circle and let assets from the outside world flow in.

The recent news has actually shown this undercurrent.STO1. Maker began to seek to introduce supply chain invoices and future royalties of musicians as one of the collaterals, which made a good start for the introduction of assets outside the circle.

2. There is another point that many people haven’t noticed. Consensys, one of the largest blockchain companies in the industry, has started to make efforts.

“On the institutional side, global banks spend more than $270 billion annually on compliance and regulatory obligations, with 10-15% of the total workforce dedicated to governance, risk management and due to the complexity of operating in multiple jurisdictions. Compliance. To fully exploit the potential of digital assets in institutional and decentralized finance, the market requires robust, customizable anti-money laundering (AML)/countering the financing of terrorism (CFT) solutions with automated compliance capabilities to Cover global jurisdictions from one platform.