Inventory: Projects with significant progress in March

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Summary of major project progress in March.

Editors Note: This article comes fromFirst class warehouse blockchain research institute (ID: first_vip1), reprinted by Odaily with authorization.

Previous periodFirst Class Warehouse Research Report: Inventory of Projects with Significant Progress in FebruaryEditors Note: This article comes fromFirst class warehouse blockchain research institute (ID: first_vip1)

First class warehouse blockchain research institute (ID: first_vip1)

, reprinted by Odaily with authorization.

First Class Warehouse Research Report: Inventory of Projects with Significant Progress in February

Inventory: Projects with significant progress in March

The article introduced the Flash loans of the Aave project, and then on February 15, the decentralized financial DeFi loan protocol bZx was attacked by the arbitrage of Flash loans due to its own smart contract loopholes, resulting in financial losses, and suffered successive 2 times. The scale of bZx funds dropped from $14.72 million before the attack to $8.7 million, a drop of nearly 40%. This incident made the entire Defi ecosystem aware of the power of flash loans, as well as the potential risks that may exist in Defi projects. More reading can be found here

Arbs used Defi to earn $900,000 in just a few seconds, leading to problems in Defi.

Closer to home, the projects that were delivered on schedule in February included Tezos, Status, Decentraland, and Aragon. They belong to the fields of public chain, social communication, game and DAO respectively.

On January 19, 2020, Tezos Carthage 2.0 entered the testing phase. As of February 11, there were 432 active bakers on the entire network, and 161 bakers participated in voting. The number of votes held by bakers participating in the upgrade voting 47,425 volumes, and 33,639 volumes that did not participate in voting. The number of volumes participating in the voting accounted for 58.05% of the total number of volumes, and 23,070 votes were voted for, accounting for 99.5% of the total number of participants. The conditions were met and the mainnet upgrade was officially launched.

Inventory: Projects with significant progress in March

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Above, Tezos voting situation

Carthage 2.0 will be officially deployed on the Tezos mainnet on March 5. After that, the upper limit of the Tezos network consumption Gas value will be increased by 30% on the original basis, each transfer operation will be increased from 800,000 to 10,400,000 gas, and each block will be increased from 8,000,000 to 10,400,000 gas. Such adjustments will enable the Tezos network to perform more complex operations. smart contract. In addition, the formula used to calculate baking has been improved to reduce the fluctuation of baking rewards and make the results more accurate.

The main network of the public chain needs to be upgraded, and dApps for C-end users need more iterative upgrades. With the enrichment of the Ethereum ecosystem, dApp products address more diverse user needs. Next, share the major progress of the three projects Status, Decentraland and Aragon this month.

The Status V1 version was officially released on February 13, and the Android version and the iOS version of the mobile terminal products were launched simultaneously. After a year of product polishing, Status V1.0 has realized peer-to-peer chat, cryptocurrency wallet payment and Ethereum-based dApp browser.

Inventory: Projects with significant progress in Marchimage description

Above, Status product interface diagram

Status uses the Whisper protocol as the communication layer, which is a point-to-point communication protocol of Ethereum, which ensures the privacy of decentralized transmission and chat content. Status can create a public chat room, users can freely join and participate in the chat. In the future, private chat rooms will be launched, and it is estimated that payment or mortgage of SNT will be required to create them.

In addition, users can also register ENS username, which is a domain name of stateofus.eth, which can only be registered by locking 10 SNT. As of February 11, 654 users registered 1,364 ENS usernames, and 13,600 SNT were locked in the contract. Will the ENS username on Status be like a QQ account, growing up with the post-80s generation, like a day for more than ten years?

Another interesting function is dApp Discovery, which lists all the dApps on Ethereum into the Status, forming the feeling of a dApp store. Users can directly find interesting applications in dApp and realize the jump.

In 2020, in addition to continuing product iterations, Status will also conduct a new round of financing. The team’s ICO in June 2017 raised nearly 300,000 ETH, which was worth about 107 million yuan at the time. As of the end of December 2019, the team still held about 150,000 ETH, worth about $19 million. In consideration of the long-term development of the project, the team plans to sell the existing SNT to raise funds. The specific financing plan is undecided and deserves attention.

Inventory: Projects with significant progress in March

Decentraland, once the leader of non-homogeneous token NFT in the game sector, officially opened its virtual world, Metaverse, to the public on February 20. In the Metaverse world, users customize their characters, enter the virtual world, and experience the wonderful journey of the virtual world. This cant help but remind people of the movie Ready Player One, where everyone walks in two worlds.

The official held a four-day Treasure Hunt scavenger hunt, with a total of $100,000 in prizes, including NFT assets, tokens from cooperative projects, and some virtual items.

Inventory: Projects with significant progress in MarchAccording to official data, MANA has attracted more than 10,000 new active users in these four days. (Note: A valid user is a character who needs to access multiple locations in Decentraland.)

In addition, MANA introduces Matic Networks sidechain technology and Aragons DAO autonomy framework. The integration of side chains will increase the transaction speed of the MANA network and improve the response speed of product use.

In the future, will Decentraland bring users the virtual world of Number One Player? The success or failure of the project autonomy model will play a decisive factor. Next, let’s take a look at Aragon, the leading project in the DAO field.

Aragon Court was officially launched on February 10. This is a place for DAO organizations on the Aragon network to resolve their disputes. Disputes that cannot be handled by smart contracts are voted on by jurors to prevent malicious behavior on the Internet. This time, a total of 247 jurors participated in the network activation, 1,014,809 ANTs were pledged, and 76,959,371 ANJs were exchanged.

The opening of Aragon Court means that the first stage work has been completed, and the second stage will enter on February 13. The work content of the second stage is to practice the Court workflow. The content of the simulation exercise includes: forming a court with 247 jurors, drafting a case, and arbitrating the case. The whole process will be the case template of Aragon Court, and problems will be found in time. After the completion of the second phase of work, Aragon Court can be officially delivered to users. In this regard, the Aragon Foundation allocated 25,000 Dai to reward jurors who provide real arbitration cases.

On February 14, the first Aragon Court dispute was drafted, numbered Dispute #0. However, the court arbitration was carried out without the prior consent of Yaz and Gitcoin, the parties to the dispute, which made the parties extremely dissatisfied. Subsequently, Aragon officially apologized, stopped the court arbitration, and deleted the dispute materials. After that, the team will redraft the dispute case, test the arbitration mechanism and network performance of the court, and provide the basis for the Aragon Court to decide the case.

*Project progress is arranged in order of ranking, and the ranking selects the data from the Coinmarketcap website on February 27, 2020.

Inventory: Projects with significant progress in March

Inventory: Projects with significant progress in March

Beam (BEAM), ranked #116

Upfiring(UFR), #857

The third important milestone of the Beam mainnet, the Double Doppler version (DD version for short), has been delivered as scheduled, the latest version V4.1. The atomic swap API, Laser Beam (two-layer network, similar to Bitcoins lightning network), and hardware wallet reconstruction in the DD version have been completed and are in the testing stage.

The DD version is a bit like the prelude to the fourth milestone Eager Electron v5.0 version (referred to as the EE version). The more important Lelantus-MW protocol test is placed in the DD version, and the official launch of the mainnet will wait until the EE version. The Lelantus-MW protocol integrates the characteristics and advantages of two anonymous protocols, Lelantus and MimbleWimble. The Lelantus protocol comes from Aram Jivanyan’s paper, and is implemented by Zcoin, which has several major features such as no pre-trust, high anonymity set, and no fixed amount. As soon as it was launched, it received heated discussions in anonymous circles. However, Beam absorbs the advantages of the Lelantus protocol to make up for the problem of transaction linkability in the MW protocol, so that the transaction graph cannot be followed.

In addition, the development of wallets that support confidential assets, Lelantus CLI wallets, and cross-chain links with Ethereum, which will be implemented in the EE version, is progressing. It is expected that the EE version will be launched in the first quarter of 2020.

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