We chatted with 30 PoS teams, and the most hardcore dry goods of Staking are here
So far, among the top 30 digital cryptocurrencies in the world, 13 projects are using the PoS mechanism. The entire Staking market will reach $54 billion in 2020, accounting for about 16.2% of the entire cryptocurrency market. All kinds of data show that Staking is becoming one of the biggest hotspots in the blockchain world.
On July 10, Odaily and BlockBeats co-hosted an offline event in Beijing with the theme of Staking ecology - StakingCon.
The event attracted more than a dozen blockchain and related teams to deliver keynote speeches, and held four mind-boggling Staking Ecological Roundtables. Hundreds of spectators attended the event.
According to statistics, this conference invited 50+ industry media to report, and the matrix traffic reached 300,000+. At the same time, the live broadcast links of the conference activities covered 50+ communities and reached 10,000+ off-site audiences. A total of 30+ newsletters were released, which were pushed in real time by the blockchain platform, and the topic views reached 100,000+.
As the first large-scale offline event in the digital encryption world with the theme of Staking ecology, the event was a great success. The ideological collision between the project party and the guests gave the audience a more comprehensive understanding of Staking mortgage income and PoS blockchain Relevant projects and knowledge have also allowed the concept of Staking to be popularized again, allowing everyone to have a healthier and more comprehensive understanding of Staking.
"We hope to focus on valuable people and things from a neutral and objective perspective. We always want to stand with the next group of people forever." said Wang Mengdie, founder of Odaily.
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Public chain representative team: The PoS public chain is contending with a hundred schools of thought, and the future can be expected
Since the PoS concept became popular in 2019, public chains based on the PoS mechanism have gained a lot of attention. As the hard-core infrastructure of the PoS concept, the PoS public chain ecology is also in full bloom, with the momentum of a new public chain war.
At the StakingCon site, well-known PoS public chains such as Multivac, AELF, and VSYS came to the stage to share, sharing and dismantling the status quo and essence of PoS public chains as pioneers.
The opinions of many guests have benefited the audience a lot. For example, Ma Haobo, the founder of the AELF public chain, expressed his views on the current PoS ecology at the StakingCon conference. He believes that the core of the blockchain is to reduce the cost of credit. "The essence of the blockchain is to disintermediate and de-platform. The original three-party participation can be changed to two-party participation, and users no longer need third-party trust." He said in his speech that the blockchain replaces a large number of Intermediaries and platforms are relatively fairly distributed to all participants in the system through Staking.
Rob, the developer of the North American team of the public chain project VSYS, made his prediction on the total market value of PoS at StakingCon. He believes that the total market value of PoS projects currently accounts for a small share of the entire digital cryptocurrency market, and after five years of development, it may account for More than 50%, that is, it will exceed the total market value of Bitcoin.
Dash Next CEO Felix Mago also shared the achievements of Dash in Staking. Felix Mago said that by staking a certain amount of Dash, one can become a super node and participate in community governance to vote. Using Dash for payment can achieve second-level confirmation of transactions. Dash is already reaching strategic cooperation with global payment solution providers.
In fact, even though the concept is very hot, for the front-line public chain developers, the current PoS public chain is still in the early stage of development, and there are many challenges.
Harriet Cao, head of Cosmos China & founder of IRISnet, dismantled the essence of the public chain for the audience. She believes that in the future, it is impossible to use a large public chain to solve all problems, but there will be countless independent blockchains. Asset value and information are transferred between partitions through some cross-chain hubs.
The real solution to the problem of implementing decentralized distributed applications and to achieve a balance between the three impossibilities is to use cross-chain technology to support blockchain application-specific chains.
Near Protocol co-founder and CTO Illia Polosukhin believes that ease of use is a major challenge for public chains. He said that the current ease of use is not enough to support the development of the industry. Blockchain companies should pay more attention to how to lower the barriers to use for developers and users. Fragmentation technology also increases the difficulty of maintaining network security.
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Wallet representative team: wallets are indispensable to PoS, and staking is a rare opportunity for wallets
The staking business has also brought rapid business development to many project parties. Will Huang, general manager of Huobi Wallet & Huoxin, said in his speech that after Huobi Wallet dabbled in the staking sector, its daily active users doubled. He said that Huobi Wallet's involvement in Staking is to hope that users can exercise their voting rights and obtain benefits. Staking enables users to have a stronger sense of participation and voice. According to Will Huan's conservative estimate, the PoS market will reach $8 billion in the future. scale.
Cobo co-founder Shenyu expressed his views on PoS from the perspective of a mining pool. He believes that PoS is an input in the system. It is essentially a low-risk national debt of other countries. interest rate market. At the same time, Shenyu also believes that the current PoS also has the problems of being unfriendly to small-amount currency holders, high technical threshold, and long lock-up period. The further development of the PoS market needs to solve these problems first.
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"Send water", application team: DeFI is optimistic, but there are new challenges
It has to be said that while looking forward to the prosperity of PoS, the applicability of PoS chains is a hot spot. It is often said that PoS is naturally compatible with decentralized financial services. Therefore, DeFI is hailed as a major application prospect of the PoS mechanism.
As a popular player in the DeFI representative team, Edgeware founder Dillion Chen shared the specific situation of Edgeware. At present, more than 2.4 million ETH has participated in the pledge of Edgeware. Edgeware has very broad community participation and is very distributed. Edgeware governance includes staking, governance, voting, etc. Edgeware's vision is to experiment with permissionless and composable smart contracts, scalable and secure, Polkadot chain ecosystem experiments.
Of course, any technology industry does not leave the topic of security. Professor Jiang Xuxian, the founder of the well-known blockchain security team PeckShield, said that some decentralized financial smart contracts have loopholes, and the development team can use the help of white hat hackers and the security team's help. Safety audit to improve the safety of project operation.
The application direction of PoS is not only DeFI. Based on their optimism for PoS, many people began to create exclusive "water delivery" services for the PoS ecosystem.
Wang Huan, Product Manager of BlockBeats, shared the latest application of BlockBeats - Staking Revenue Rankings.
It is understood that the Staking revenue rankings help ordinary users to participate in the Staking ecosystem quickly and easily. Provide users with key and useful Staking references, from the number of nodes, to the mortgage rate of the entire network of nodes, to the votes of nodes, etc., to help users understand the project situation. At present, the node information of several major projects in the POS coin ecology has been collected.
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Talk about Staking, collide with advanced new ideas
In addition to keynote speeches, guests from dozens of institutions participated in several roundtable forums at the StakingCon event. Trades for balance and fusion are explored in depth.
In the first roundtable forum themed "Staking Ecological Development - Construction, Service and Governance", Huang Yang, Business Director of OKEx, Li Chen, CEO of HashQuark, Milad Nouri, CEO of YooSourcing, Goh, Founder of MEET.ONE, Spark Mining Pool Market The person in charge Qiu Xiaodong, TOMOChainBusiness Development Manager Jordan Kang, and 8D Capital partner Wei Zheng had a meaningful discussion on the governance mechanism of the PoS blockchain project.
Among them, Goh, the founder of MEET.ONE, "EOS's DPoS mechanism has verified the possibility of decentralization, and the public chain of the PoS mechanism does not need to worry about centralization issues. At the same time, he believes that node members such as wallets are more suitable for participating in Staking, and he It is not recommended for ordinary retail currency holders to participate in Staking, he believes that retail currency holders should still hold the currency in their hands and maintain good flexibility.”
In response to doubts about the centralization of PoS project nodes, Qiu Xiaodong, market director of Xinghuo Mining Pool, said that PoS does not mean that rich people can do whatever they want in this field. In fact, holding a large number of tokens is expensive. If you hold a large number of tokens If you don’t do anything, you will not only have to face the price of punishment from the public chain itself, but also have a high risk of holding coins. At present, PoS projects have seen a trend of decentralization of currency holdings. From the statistical data, it is obvious that the largest node in Cosmos has a pledge rate of 5% of the entire network.
In the second roundtable forum themed “Breakthrough in Staking—Current Status, Bottleneck and Future”, Dominic, head of Decred Chinese community, Qevan Guo, co-founder of IoTeX, Lu Heng, founder & CEO of MultiVAC, chief executive of En-Tan-Mo Scientist Aaron Yuan, Bytom CFO Li Zongcheng and InfPool partner Rudy Lu gave their views on the future opportunities and challenges of the Staking ecosystem.
Aaron Yuan, Chief Scientist of En-Tan-Mo, pointed out that the PoS blockchain will also encounter governance problems in the future, "The development of Pow has led to the problem of computing power concentration today, and PoS also needs fine design, otherwise the rights and interests will be concentrated in super nodes. ". He believes that the accumulation of computing power and equity does not guarantee security, but the probability distribution of computing power and equity guarantees security. When everyone’s equity is close, such a blockchain is safe.
Lu Heng, founder and CEO of MultiVAC, believes that the current PoS has the challenge of "difficult to agree with". He explained that the challenge of "difficult to adjust" mainly comes from two aspects. One is that users encounter currency price fluctuations in the token pledge process; the other is that the token pledge amount is linked to rights. Lu Heng believes that a centralized approach cannot solve the problem of decentralization. Currently, MultiVAC has designed corresponding solutions to these problems. For example, having more tokens in MultiVAC does not mean having more rights and interests.
In the third roundtable forum with the theme of "Staking VS Transactions - How Staking and Transactions Balance and Integrate", Block Rhythm founder & CEO Wang Shuai, HashKey Hub COO Audrey, Staked China market leader Chaosmos, BigONE COO Cheng Jun, Larry He, Director of Global Project Operations of KuCoin, Lin Jihong, Founding Partner of Continue Capital, and Mable Jiang, Partner of Continue Capital and Nirvana Capital, discussed the difference between the two viewpoints of "staking mortgages to obtain stable income" and "exchange transactions to obtain liquidity income" The relationship between them, and how to strike a balance, has been hotly debated.
As one of the exchange representatives at this roundtable forum, Cheng Jun, COO of BigONE Exchange, said that "the market for the POS mining pool industry is huge, and we hope to provide more POS services." Cheng Jun said that although BigOne only started to operate the POS mining pool service in April this year, the staking market is huge and developing very rapidly, and it has provided staking services to many projects.
Larry He, Director of Global Project Operations at KuCoin, said, "Staking and trading are contradictory, and exchanges may solve this problem." Taking Cosmos as an example, the 21-day contact mortgage cycle is difficult for retail investors or individual investors. Accepted, but the exchange can provide a mechanism for setting reserves to solve the problems of long lock-up time and withdrawal, so that users can not only enjoy the convenience of this model, but also enjoy the benefits of staking.
In the fourth roundtable forum themed "Staking Market Expansion - New Traffic, New Gameplay, New Challenges", representatives from digital asset wallets, exchanges and capital expressed their views on future challenges and opportunities, They include Frank Li, investment director of Node Capital, Wang Chao, partner of Bitpie, Kaba, founder of Wetez wallet, blue, chief security officer of imToken wallet, Bowen Wang, COO of decentralized exchange DDEX, Yuan Hao, partner of Fundamental Labs, and NGC StakeX Cai Yan, the person in charge.
Almost all the speakers in this round table forum think that Staking is not making money at present, such as Wang Chao, the partner of Bitpie, and Ka Baa, the founder of Wetez, etc., but at the same time they also think that the PoS blockchain should be given more time, the chief executive of DDEX Operating Officer Bowen Wang believes that Staking should be a long-term investment method. The roundtable forum believes that the surrounding teams of the staking ecology can provide ecological support for the blockchain project side, and finally reap macro commercial benefits.
After the StakingCon event, the project team and guests participated in the "En-Tan-Mo Consensus Night" party co-hosted by Odaily, BlockBeats and En-Tan-Mo. The enthusiasm of "En-Tan-Mo Consensus Night" has not diminished, the enthusiasm for Staking has not disappeared, and the topic of Staking has not stopped at the party.
In addition, communities such as Jianshu, Bixiaobai, Wuya Community, Bihu, BitUniverse, HashBang, NodeEasy, Polka World, Mars University, Password Geeks, Midu, Yiyilianxi, Distinguish, TokenHODL and other communities participated in the activities and activities. Reported, provided selfless help for the smooth holding of StakingCon.
In addition, dozens of media including Jinse Finance, Orange Book, Mars Finance, Block Technology, Pomegranate Finance, Scallion App, Bolian Finance, Deep Chain Finance, Lieyun Finance, Xingkong Finance, Gyro Finance, CoinVoice, etc. also participated The report of StakingCon activities is expected to cover more than one million blockchain practitioners and readers.
According to the prediction of BlockBeats, the value of the Staking market in 2020 will exceed 54 billion US dollars, reaching 16.2% of the market value of the entire digital cryptocurrency market.
Whether this predicted value can be realized, we will see you at StakingCon next year!
About Odaily
Odaily, founded in 2018 by 36Kr, China's largest new business media group, has received 30 million yuan in angel round financing, covering news, news, in-depth, interpretation and analysis, industry reports and other content forms. It is committed to cutting in from the content platform, Become a blockchain industry chain resource integration service provider.
Odaily has the largest blockchain content original team in China, operates in multiple dimensions including websites, APPs, public accounts, mainstream technology media, and financial media, distributes in a matrix, and operates more than 100 highly active communities.
Covering Toutiao, Netease, Baijiahao, and other media platforms, it has been reprinted by mainstream media such as 36Kr, Tencent Technology, and Huxiu for a long time. Up to now, the platform has published 5,000+ high-quality original articles, covering 8 million readers through the entire network channels, accumulatively Over 1 billion exposures.
At the same time, it has the most professional marketing team and has held dozens of technical seminar salons, large-scale industry summits, resource matchmaking meetings, and innovation and entrepreneurship competitions, attracting many industry leaders at home and abroad. The total number of participants exceeds 10,000. In the later period, the communication reached 10000000+ person-times, such as cooperation with Ant Financial Services Innovation Competition, co-hosting the Blockchain Forum of the Digital Expo with the Institute of Information and Communications Technology, undertaking and co-organizing dozens of institutions and projects such as Consensys, Cosmos, Algorand, Ziliqqa, Beam, RSK, etc. Landing activities in China, etc.
About BlockBeats
Founded in February 2018, BlockBeats is the most professional and cutting-edge blockchain media in China, and has obtained the number one V in Zhihu blockchain, and the official support media of Sina Weibo financial account, Tencent Technology "China's top Blockchain media" and so on.
As of now, Block Rhythm has more than 200,000 cumulative users on the entire network, and a cumulative exposure of more than 600 million. The highest reading volume of a single article on WeChat has reached 1.1 million. Media on topics such as DeFi ecology.
At the same time, Block Rhythm is also a practical and highly sticky blockchain portal website. In addition to information content, it also provides Pos project node revenue navigation,
Dapp leaderboard (high-quality Dapp mining recommendation + gameplay explanation), Token wealth management product navigation and other tools to assist institutional investors and investors in decision-making and judgment.
In addition, Block Rhythm has held Lightning Network payment experience activities, and held MeetUps for projects such as Grin, Cosmos, and IrisNet.
