Produced by Odaily

Author | Wang Ye

Editor | Hao Fangzhou

Produced by Odaily

Author | Wang Ye

Editor | Hao Fangzhou

However, the launch of the official hard disk has also triggered extensive discussions in the Filecoin miner community. It has dealt a heavy blow to miners who have hoarded a large number of unofficial hard disks. Some miners have attacked the official; When it went online, it was sold out.

The following are overseas project progress and financing events:

Star Project Progress

The following are overseas project progress and financing events:

Star Project Progress
Polkadot opens a referendum proposal to change the counting unit of DOT tokens at a ratio of 1:100

Polkadot has started a referendum to change the counting unit of DOT tokens. This proposal mainly has four resolutions: the total supply of DOT will be changed from 10 million to 1 billion; the balance of DOT token distribution will increase by 100 times, so the original 1 DOT token will become 100 DOT tokens; the distribution of DOT tokens will not change, and DOT holders still have the same network share as before the change; the unit precision of DOT will change from 12 digits to 10 digits.

Polkadot said: "The main benefit of this proposal is to avoid using too many smaller decimal places to simplify the DOT metering system."

Libra Appoints Five Project Maintainers and Launches Libra Improvement Proposals (LIP) Project

The Technical Steering Committee (TSC) of the Libra project has appointed five project maintainers. Dahlia Malkhi, head of Calibra research, will become the chief interim maintainer. In addition, Sam Blackshear will be responsible for Move and Move oracles, Avery Ching will be responsible for consensus and network, and Kevin Hurley will be responsible for admission control and Mempool, and David Wolinsky will be responsible for thread control blocks (TCB), architecture and encryption.

At the same time, Libra also announced that it will launch the Libra Improvement Proposal (LIP) project. The LIP project will be run under the management of the Libra Association, and the TSC has the final power to make technical decisions.

MakerDAO Launches New Executive Vote: Increase USDC Stability Fee Rate from 0% to 1%

On May 9th, the Maker Foundation Risk Team incorporated an executive vote into the voting system to increase the USDC stability fee from 0% to 1%. Executive voting will continue until the number of votes exceeds the number of votes passed in the previous executive voting.

Encrypted Asset Investment Firm Paradigm Launches Fixed-Rate DeFi Loan Protocol

Cryptoasset investment firm Paradigm has launched its first crypto project, the Ethereum-based DeFi protocol Yield, which promises a fixed-rate loan and interest market. Additionally, Yield Protocol has received seed investment from Paradigm, which will be earmarked for building an initial version of the product.

XRP Validators Vote for Controversial 'Deletable Accounts' Feature Amendment

According to XRPSCAN, a browser for the XRP cryptocurrency, XRP validators have approved the “delete account” proposal. Eighty percent of people voted in favor of the controversial amendment during the 13-day mandatory voting process. Following approval, the first account has been removed from the XRP Ledger, marking an important milestone in network governance. When a user creates a new account, there is a 20 XRP fee to prevent spam. With the new amendment, they will be able to recover much of this locked deposit. The first account to be deleted has to pay a fee of 5 XRP to complete the process, which corresponds to the current owner's reserve.

A proposal posted on Github in October 2019 said the ability to delete accounts would help curb abuse. But some opponents of the feature fear it could give Ripple even more power. However, Nik Bougalis, the author of the above suggestion, explained that the delete function is only available to the account owner.

Telegram agrees to submit documents including ICO purchase agreement to SEC

Telegram agrees to submit documents including ICO purchase agreement to SEC

According to previous news, Telegram postponed the release of the blockchain project TON for the second time, delaying the new launch date to April 2021. If investors request a refund, Telegram will return 72% of the investment, which is what the project agreed with investors when the launch was first delayed in October. Additionally, Telegram is offering an alternative for investors who can now lend their investment to Telegram and receive 110% of their original investment until April 30, 2021.

Telegram subsequently stated that it will not pay returns to investors in the form of gram or other cryptocurrencies, and intends to immediately return the investment amount of US investors.

Filecoin launches official hard drive to encourage early miners to store valuable data

According to the official blog, the decentralized storage project Filecoin launched the Filecoin Discover project to encourage early miners to store valuable information in exchange for Filecoin tokens to help securely store data sets that are important to humans.

According to the Filecoin Discover store, the hard drive is priced at $265 (tax included), with a capacity of 8TB, connection type: SATA, 6 Gb/s, which contains one or more data sets, and users who purchase it will receive a one-year guarantee Filecoin storage protocol. Those who participate in Filecoin network mining need to purchase Any Drive hard disk.

The Zcash Foundation Plans to Bring Its Privacy Scheme to the Cosmos Ecosystem

EOS Latest Developments

Please refer to the OdailyETH weekly report

The latest developments in ETH

Please refer to the OdailyETH weekly report

Recent progress of BTC

Please refer to OdailyBTC Weekly Report

Investment and financing overview

Please refer to OdailyBTC Weekly Report

Investment and financing overview

General Protocols completed more than $1 million in seed round financing and is committed to developing BCH DeFi products

Blockchain startup General Protocols has completed more than $1 million in seed round financing and will focus on developing BCH's DeFi vision. Funding comes from investors including cryptocurrency trader Marc De Mesel and BCH "thought leader" Molecular, and the General Protocols team includes two former Bitcoin.com employees, as well as Flipstarter.cash, a voluntary cash financing project for BCH. personal.

The new round of funding allowed the team to develop its flagship BCH-based product, AnyHedge. It is reported that Anyhedge is an open source derivatives tool that can be embedded in exchanges and OTC counters, allowing them to use smart contracts to create new markets.

Bitcoin ATM Company Coinme Receives $5.5 Million Investment from Pantera Capital

Bitcoin ATM company Coinme announced today that it has raised $5.5 million from Pantera Capital, leading its ongoing Series A funding round. As part of the investment, Pantera Capital Co-Chief Investment Officer Joey Krug will join Coinme’s board of directors. Other investors in the round include Blockchain.com, Nima Capital, Coinstar and Hard + Yaka.

Hub Security Raises $5M in Series A Funding Led by AXA Ventures

Tel Aviv-based startup Hub Security announced on May 7 that it has raised $5 million in Series A funding, led by AXA Ventures and participated by crowdfunding platform OurCrowd.

Mining company VBit DC received $1.1 million in seed round financing led by Golden Age

Mining company VBit DC received $1.1 million in seed round financing led by Golden Age

Bitcoin mining company VBit DC completed a seed round of financing of US$1.1 million, led by its angel investment fund Golden Age. VBit DC will use the new funding to build a 200-megawatt bitcoin mining center in Alberta, Canada.

VBit DC is a subsidiary of Philadelphia-based VBit Technologies, which has offered mining packages to the public since 2018. The company claims to have helped about 3,000 clients generate income through mining. VBit says its user base is growing “exponentially” month-on-month across countries.