Category: Press Release

As more and more decentralized applications (DApps), such as GameFi, DeFi, NFTs, and more, are being developed, heated discussions about the environmental impact of blockchain and cryptocurrency have reignited once more. Especially after China’s crackdown on cryptocurrency mining activities, public debates about blockchain and crypto-related energy consumption rates have reached a climax.

Proof of Work’s environmental impact

Since the birth of Bitcoin, the Proof of Work (PoW) consensus mechanism has always been fundamental to the security of blockchain networks. This consensus is reached through computing power, commonly referred to as hash rate.

Over time as blockchain technology is being adopted by the world, the energy consumption rate of the entire blockchain network has skyrocketed, leading to significant environmental costs. The University of Cambridge estimates that Bitcoin mining consumes about 130 TWh per year, accounting for about 0.1% of the world’s total primary energy consumption.

As far as DApp development is concerned, energy consumption-related environmental issues are mostly derived from Ethereum mining, since Ethereum is a PoW blockchain with the largest ecosystem full of projects in varying sizes. With the recent London hard fork, the transition to Ethereum 2.0-a complete Proof of Stake (PoS) blockchain, will be completed as early as 2022. As a result, the current energy consumption per transaction on Ethereum is about 35 kWh, which is equivalent to the energy consumption of a single person in developing countries for 3 days.

The true cost of DApp transactions

While mass crypto adoption is happening around the world, DApps and their applicability will eventually catch up. New projects such as wealth management applications, lending platforms, decentralized exchanges (DEX), NFT-inspired metaverses, and more, that are gradually taking over social media and our lives are the ultimate proof. If you have been paying attention to what’s happening around you, the crypto community’s passion and loyalty towards decentralized, immutable technology are clearly reflected in the real world.

That is certainly good news for crypto enthusiasts, but for the environment, it’s an entirely different story. Take NFTs for example. Memo Atken, a digital artist and engineer, estimates that the true cost of an NFT is much higher than a typical energy consumption of a transaction on Ethereum (35 kWh). He believes that NFT-related transactions will cost much more because all NFTs have to be minted and exchanged multiple times on the blockchain.

He is certainly correct. In fact, an NFT’s creation and distribution do not only consist of a simple mint and sale process. There will be many subsequent transactions made by collectors and traders, which makes the average carbon footprint of each NFT close to 340kWh (an average of 211 kg of CO2), equivalent to a single person’s energy consumption in a developed country for more than a month.

Why eco-friendly blockchains are favored by developers

In early 2021, several public blockchains underwent considerable ecosystem expansion, such as ThunderCore, Solana, Polkadot, and Binance Smart Chain. These blockchains’ ecosystems are in full bloom, as decentralized projects like DAOs, Oracles, Token Bridges, DeFi protocols, NFT marketplaces, blockchain games, and more, are being deployed consistently. There are many reasons for the expansion of these networks, but one thing they all have in common is that none of them utilize a PoW consensus mechanism (meaning zero physical mining facilities are used). Instead, novel mechanisms, such as PoS, that allow on-chain staking and other models to replace PoW are applied.

Among them, the ThunderCore blockchain uses the state-of-the-art PoS consensus mechanism, PaLa, which not only solves the “scalability trilemma”, but also supports the chain’s entire ecosystem with cheap renewable energy. ThunderCore is an eco-friendly public blockchain, and its CO2 emissions, resulting from on-chain transactions, are reduced by more than 10,000x. For example, its block creation does not require the support of large amounts of energy resources like Bitcoin and Ethereum do. ThunderCore is also EVM compatible, which allows the rapid migration and deployment of Ethereum projects. With low gas fees (<$0.00001), sub-second confirmations, and 4,000+ TPS, ThunderCore has become a platform favored by developers from the world over.

2021 has been dubbed the first year of the Metavers, which some have called the “Internet in 3D”, following the initial public offering of Roblox earlier this year.Recently, the concept of the meta-universe once again attracted the attention of the capital market, related concept stocks rose sharply, “metaiverse” has quietly become an investment tuyere, international capital giants have jumped into the track, are eager to become the leader.

Facebook has shown a strong commitment to focus on building the Metaverse. However, Metaverse on a massive scale will not be built overnight by one company, and Facebook will work with policy makers, experts and partners across the spectrum to make this vision a reality.To implement the Metaverse vision, Facebook has created a new product team, led by VishalSh Ah, an Instagram product executive, and Jason Rubin, a Facebook games executive.Facebook will invest a total of $50 million in research projects and partnerships to develop products in a responsible manner.Currently, it has conducted cooperation and research with Organizations such as Organization of American States, Women In Immersive Tech (WIIT), Africa No Filter, Electric South, Imisi3D, And academic institutions such as Seoul National University, University of Hong Kong, University of Singapore, and Howard University.

FMN (Facemetaverse Near) is a governance rights token issued by Facemetaverse Near Laboratory based on blockchain technology to promote the development of Metaverse ecosystem. FMN is also the only governance token of the Facemetaverse near ecosystem.Can be used in virtual space game, NFT auction, virtual satellites, spacecraft, satellite land transactions, trading articles for daily use in the virtual world, FMN issued a total of 99999900, 99% needed by intelligent contract mechanism of output, to reach a consensus mechanism, and quickly start completely decentralized communities, all-round, eventually destroyed by unique mechanisms and protocols for autonomous friction-free production liquidity deflation to 1 million, thus can assign Metaverse ecological development.Facemetaverse near will form a new ecosystem of meta-universe in which digital world and physical world coexist and grow together.

Mainnet is about to enter the internal test, now officially start the global community node registration review, and accept the application of whitelist users.

Official website: http://www.fmn.finance

Community and whitelist application address: [email protected]

PlatON, a next-generation Internet infrastructure protocol based on the fundamental properties of blockchain, recently combined blockchain, artificial intelligence and privacy computing technology to establish a decentralized collaborative privacy artificial intelligence network, which would take utilization of data to a new level. This network will serve as the infrastructure of autonomous artificial intelligence (AI) agents, who can facilitate advanced artificial intelligence and explore the road to Artificial General Intelligence.

Based on blockchain network, PlatON developers designed a decentralized privacy computing network to connect data, algorithms and hashrate through privacy computing protocols. Autonomous AI agents can obtain the required resources at low cost, train artificial intelligence models and publish them on the network, and interact with other artificial intelligence services or agents to form a self-organizing and cooperative artificial intelligence network. On this network, anyone can obtain artificial intelligence technology or become a stakeholder in its development, and realize the autonomy of artificial intelligence. In addition to practical artificial intelligence services, PlatON aims to use self-organizing swarm intelligence to create a whole larger than the sum of its parts, and advance towards realizing the vision of Artificial General Intelligence.

According to developers, PlatON 2.0 is actively applying research results to new fields such as finance, medicine, smart cities and Internet of Things applications. PlatON, as an AI infrastructure, provides a trustworthy data collaboration environment for hospitals, pharmaceutical enterprises, as well as scientific research institutions, etc. It links activities, research areas, operation modes and data streams of different types and fields to form a large-scale data aggregation effect and maximize the value of medical datasets, including clinical trials, medications, electronic health records, and patients’ genomic data, etc. to form a data analysis and mining system for many technical means, such as pharmacogenomics, disease histology, network pharmacology, and protein structure simulation, so as to speed up the discovery and development of new drugs.

In smart cities, PlatON 2.0 intelligent mobile solutions can be provided in commercial real estate in the city center by using multi-agent artificial intelligence digital services based on blockchain. Using artificial intelligence agents can optimize resource use and reduce the carbon footprint of cities. We predict that the large-scale implementation of smart city infrastructure will lead to a reduction of 34,000 tons of carbon dioxide emissions every year.

Through privacy computing technology, operators, Internet platforms, insurance institutions and other multi-party data open more risk-controlled private domain data labels to cooperate with banks in a confidential way to support financial risk control business. To mitigate the comprehensive credit risk of customers, PlatON 2.0 does not disclose either party’s customer ID and private domain data information, forming a risk joint prevention and control ecology.

About the Company

PlatON 2.0 A new paradigm of intelligence and privacy security in the digital age.

To To know more, visit https://platon.network/en

The Iris hard fork will increase cross-chain compatibility to the ThunderCore blockchain, marking a new dawn for ecosystem expansion. What will it mean for developers?

Introducing ThunderCore Iris, the next iteration of the ThunderCore blockchain! The Iris hard fork will go live on Mainnet at block height 82312803.

The goal of this major network upgrade is to bring the latest EVM Istanbul features to ThunderCore and further lower the barrier of porting Solidity projects into the ThunderCore ecosystem. Iris complements the performance and security upgrade introduced in the Soter hard fork in December 2020. With the introduction of the Iris hard fork, ThunderCore will become one of the fastest, most secure, EVM-compatible, cross-chain ready,  and developer-friendly public blockchains in the industry!

Why Iris?

Iris is the Greek goddess of communication, messages, the rainbow, and new endeavors. Being represented as a rainbow or as a beautiful young maiden with wings on her shoulders, Iris is the perfect symbol that personifies our incoming hard fork, as the Iris hard fork is meant to bring better cross-chain interoperability to the ThunderCore blockchain, creating a more developer-friendly platform for great projects to scale.

 

Roadmap

The Iris hard fork will be introduced with a phased rollout:

Phase 1: Estimated date: 10/12, Block height: 82312803

During Phase 1 of the Iris hard fork, the goal is to introduce a limited set of changes to ensure the stability of the Phase 2 rollout. The upgrades include:

1. Move consensus info from consensus transaction to block header

       Note: this should not require major updates to your codebase

2. Limit the range of eth_getLogs queries to
   1. Testnet: approximately 2 days (2 * 86400 block) (toBlock – fromBlock)
   2. Mainnet: no limit

Note: the change will only affect the Testnet during Phase 1, developers should test the effects of the eth_getLogs change on Testnet during this period so as to prepare for the changes on Mainnet in Phase 2.

3. Security upgrades

Phase 2: End of the year

During Phase 2 of the Iris hard fork, major upgrades to the ThunderCore blockchain will take place, including:

1. The ThunderCore go client will be updated to be compatible with geth 1.10.8
2. EVM opcode upgrades:
   1. EIP-1014: CREATE2

Note: add the CREATE2 opcode to allow interactions to be made with addresses that do not exist yet on-chain but can be relied on to only possibly eventually contain code that has been created by a particular piece of init code. This is very useful when porting Solidity smart contracts to ThunderCore, for example for state channels that involve counterfactual interactions with contracts.

2. EIP-145: Bitwise shifting instructions in EVM – SHL, SHR and SAR

Note: add bitwise shifting operators in addition to the existing logical and arithmetic operators.

2. EIP-1344: ChainID opcode

Note: add the CHAINID opcode to return the current chain’s EIP-155 unique identifier inside the smart contract for better cross-chain compatibility.

3. Limit the range of eth_getLogs queries to
   1. Testnet: approximately 2 days (2 * 86400 block) (toBlock – fromBlock)
   2. Mainnet: approximately 2 days (2 * 86400 block) (toBlock – fromBlock)

Note: developers using eth_getLogs should update your Mainnet code accordingly.

The Iris hard fork brings better cross-chain compatibility to the ThunderCore blockchain thanks to the improved EVM compatibility. Combined with low gas fees, high throughput and industry-leading security, this makes ThunderCore an ideal Layer-1 chain to migrate your DeFi Dapp to. Get ready for never-before-seen Dapps and services on ThunderCore thanks to the Iris hard fork!

Follow us on:

Website: https://www.thundercore.com/

Twitter: https://twitter.com/ThunderProtocol

Medium: https://medium.com/thundercore

Telegram group channel: https://t.me/thunder_official

Telegram announcement channel: https://t.me/thundercore_announcements

Bitcoin, as an emerging investment product, has been favored by many investors, and it also has a large group of potential investors. For many users who have not been exposed to Bitcoin, the ideal way to obtain Bitcoin is to purchase it directly with fiat currency. But at present, there are not many platforms that can support users to trade Bitcoin with fiat currencies in an easy way. Recently, an application called Bit.Store in some certain cryptocurrency communities have been widely discussed among Bitcoin investors. Why did Bit.Store get so much attention from potential Bitcoin investors? How did they make it?

Bit.Store is an eye-catching investment platform that is specialized in the trading of Bitcoin. It allows users to buy BTCs with fiat currency, and also supports users to sell their BTCs at the market price. Whether you are a veteran BTC investor, or a potential novice investor who have never been exposed to Bitcoin, you can use the platform of Bit.Store to buy BTCs simply and conveniently like traditional online shopping. After their experience with Bit.Store, many Bitcoin players rave about it.

After in-depth research on Bit.Store, we believe that it has the potential to become a unicorn in Bitcoin transactions. In essence, many users tend to buy and sell BTCs only for profit. Whether they are long-term holders or swing traders, they want to buy or sell BTCs in a convenient way. In terms of user group, all Bitcoin holders or potential investors can be a part of the user community of Bit.Store. As the Bitcoin investor circle continues to spread outward, the size of this community is expecting to expand further.

Studies have pointed out that the current daily spot trading volume of Bitcoin is only $4.3 billion. Analysts predict that Bitcoin is expected to surpass the transaction volume of the US stock market (US$446 billion per day) by 2025. Thus, it implies that the potential market size of Bit.Store will reach that volume in a few years. Bit.Store allows users to buy or sell bitcoins freely, and users do not need to pay any fees for their buying orders. They only need to pay a 2% surcharge when selling BTCs. Then, without considering the market increase, based on the daily trading volume of  $4.3 billion, assuming 0.5% of the global market share, it is expected to reach a daily profit of 21.5 million US dollars, and the annual revenue from 2023 to 2025 is expected to reach 179 million US dollars in revenue, so for Bit.Store has a broader prospect for profitability, so after getting substantial income, Bit.Store will further enhance the user experience and expand the ecology.

Although Bitcoin’s investment prospects are very broad, many investors have been on the sidelines due to its legality issues, so compliance is also one of the potential thresholds for Bitcoin. At present, cryptocurrency trading platforms have been in a state of ambiguity regarding compliance issues, resulting in difficulties for investors to obtain high-quality compliance services. Therefore, compliance is also one of the main advantages of Bit.Store. Bit.Store itself does not provide external Bitcoin withdrawal services, but only allows fiat currency deposits and withdrawals. This mechanism is to prevent money laundering from the root. Bitcoin assets are managed by a third party, with regular audit, which can better achieve regulatory compliance and long-term operation. While Bit.Store is in compliance with its well-established model, it obtained a legal compliance permission.

At present, Bit.Store-related strategic partners have obtained MSO licenses in Hong Kong, OPS in the Philippines, and EU EMI payment agency licenses, and are applying for the first batch of PSA licenses in Singapore. So Bit.Store is currently able to provide service to users in compliance with regulations in these licensed regions. At present, Southeast Asia and Europe are the main regions covered by Bit.Store’s service. With the further improvement of its compliance map, Bit.Store is expected to expand its service ecosystem to the world.

Therefore, regardless of its product model, profit expectations or compliance layout, Bit.Store is becoming a unicorn product in the Bitcoin trading sector. Perhaps in the future, Bit.Store will also become the most powerful tool for crypto trading.

On the evening of 26^th September, the opening ceremony of the 2021 International Mountain Tourism and Outdoor Sports Conference and the 16th Guizhou Tourism Industry Development Conference themed on “Enhance Industry Integration and Upgradation of Tourism Sector” was grandly held in Tongren, Guizhou, China.

The International Mountain Tourism and Outdoor Sports Conference has been successfully held for five years in Guizhou, which is the only national and international summit in China themed on mountain tourism. The Guizhou Tourism Industry Development Conference aims to promote the development of tourism in Guizhou. This is the first time that the two conferences have been held together, and they are also known as the two conferences of tourism.

At the opening ceremony, Dominique De Villepin, the Chairman of the International Mountain Tourism Alliance, Philip von Boris, the CEO of the travel magazine Lonely Planet, and other distinguished guests gave online and offline speeches. The conference demonstrates China’s determination to deepen its opening up and drive the recovery of the global economy by promoting the development of high-quality tourism industry.

At present, under the new background of the changing international situation and the ongoing COVID-19 pandemic, the global tourism industry and the governance of the tourism also have undergone tremendous changes. Therefore, Mountain tourism is facing challenges as well as opportunities for achieving rapid development. The entire industry is developing towards a more international, integrated and professional direction with the empowerment of the new generation of information technology.

With its excellent conditions, Guizhou definitely has enough confidence and ability to hold such high-standard and large-scale two conferences in tourism. Guizhou boasts profuse tourism resources; thus, in recent years, it has vigorously cultivated the tourism brand of “Mountain Park Province, Colorful Guizhou”.

y advantages and  provide more momentum for the high-quality development of tourism in South-east.

As the only province in China without plains, Guizhou has gained many unique experiences in the development of mountain tourism, and creating cross-regional cooperation is one of them. At the opening ceremony, the Sichuan-Chongqing-Guizhou “West Triangle” Cultural and Tourism Cooperation Alliance was established, marking a new level of cultural and tourism cooperation among the three areas. The alliance will promote the integration of tourism resources, reinforce complementar

The large-scale theatrical performance of “An impressive trip to Fanjing mountain” pushed the opening ceremony to a climax. The various forms of wonderful programs allowed the guests to appreciate the charm of Guizhou’s green mountains and green waters and multi-ethnic culture. After the performance, the guests visited the Zhongnan Gate Historical and Cultural Tourism Zone, the main venue of the opening ceremony.

In recent years, Tongren has strived to make the night economy become a new bright spot in the tourism market, and launched a number of night visitings and night consumption projects. The Zhongnan Gate Historical and Cultural Tourism Zone, which has been restored and repaired in accordance with the national 5A-level scenic spot standard, is a cultural tourism complex integrating history and humanities, red cultural education, ethnic performing arts, scientific and technological experience, intangible cultural heritage, ecological sightseeing, and cultural creativity. It has shopping, specialty catering, cultural and sports entertainment, performing arts experience, sightseeing and other business modes. During the tour, many guests were amazed at the lively streets, gorgeous neon lights, and diversified consumer places.

On Sept 27 and 28, the Guizhou Tourism Two Conferences will continue to carry out various exciting activities such as theme forums, cultural and tourism industry project exhibitions, and sports events.

  MyHash is registered in Singapore, which has been loved by many users and investment institutions during nearly 1 year of operation. MyHash provides users with a complete set of mining service solutions, packaging and managing complex processes such as mining machine purchase, logistics and transportation, power management, mining operation and maintenance, etc. Users can enjoy the services by placing orders with one click. Up to now, MyHash has served users to more than 20 countries the globe, cooperated with dozens of professional miners and strategically cooperated with 3 global leading mining pools, BTC.com, Antpool, and F2Pool. The daily settlement of mining income by the mining pool are directly allocated to the user’s address to ensure the safety and transparency of the user’s income. At the same time, MyHash is also far ahead in POC mining, with the world’s largest POC mining pool “Hpool” for in-depth cooperation. You can purchase cost-effective IPFS computing power, BTC computing power, ETH computing power, and some fast return niche products in MyHash.

MyHash, one of the leading cloud service mining platform has received a $3 million investment from Arche Capital, a leading digital investment institution, last August of 2021.

Arche Capital is a crypto funding venture, driven by the passion to transform and modernize the conventional financial system by means of investing into the crypto-currency. Till date, Arche Capital has managed nearly $50 million worth of digital assets and has invested in DOT, SOL, ANKR, SUSHI, UNI, CAKE, and other star projects.

The addition of Arche Capital makes it possible for MyHash to become the No. 1 cryptocurrency computing power platform in Asia by 2022.

The geographical advantage of Singapore port, their supply chain, and the technical strength of their team makes MyHash a powerhouse with both cost-effectiveness and quality. Meanwhile, MyHash’s parent company has obtained a compliant digital asset management license and operating permit in Singapore, making it one of the few local blockchain companies that is state compliant and is legally operating in  Singapore. MyHash has successively obtained corresponding operating licenses in the United States, Japan, South Korea, Philippines, Vietnam, and other countries to operate their business in the world in a more compliant manner. Business licenses in more countries are still being applied. MyHash aims to be the first fully licensed computing platform.

MyHash will start the recruitment of branch partners in mid-August 2021. MyHash has designed a perfect share system and will successively send out invitations to high-quality and capable agents around the world. MyHash hopes that more excellent agents can participate and jointly create a great blockchain company that will change the conventional ideas of both the blockchain-based and off-chain based economy.

Website: www.myhashpower.cc

At a critical moment when environmental problems are increasingly affecting human survival, the world recognizes that achieving “carbon neutralization” is a necessary stage to slow down global warming. Statistics show that more than 120 countries and two-thirds of the economies have joined the great transformation of “carbon neutrality”. 

At present, carbon emission trading is considered as an effective tool to deal with climate change with the market mechanism. Through the carbon dioxide emission quota of the main greenhouse gas, government departments can control the total amount of carbon emission quota, so that the emission control enterprises incorporated into the market are limited by the carbon emission quota, and then through the introduction of the trading mechanism, the optimal allocation of resources can be achieved. Therefore, many countries have initiated the eco chain alliance to focus on the application of blockchain in key application scenarios such as carbon trading ecological network. It can be said that blockchain technology has great application value in helping to achieve the goal of carbon neutralization in the future. 

 CNT foundation is establishing carbon trading agreement, a public blockchain system focusing on carbon neutrality and carbon emissions trading. CNT Foundation believes that blockchain technology can better solve the basic contradictions in the carbon emission market. Similarly, carbon emission trading and carbon offset can alleviate the negative problems brought to the external environment by the blockchain POW consensus mechanism.

Through blockchain technology, CNT can establish a traceability application covering the whole supply chain and fully evaluate the carbon footprint of suppliers, so as to judge whether it can be incorporated into its own supply chain system. Enterprises in the supply chain can also collect and analyze their carbon emission performance through traceability data to reduce carbon emission, improve energy efficiency and optimize business to achieve carbon neutralization. 

The application of blockchain traceability can also improve the transparency of industrial chain and supply chain. With transparent and reliable data, enterprises can make effective carbon disclosure and formulate corresponding carbon compensation schemes, so as to realize the real carbon neutral supply chain and negative carbon supply chain.         

Using blockchain and privacy computing technology, information can be verified but invisible. Through the private key signature authorization of the data owner, the data access right can be temporarily opened to specific potential partners, upstream and downstream enterprises and third-party regulators to verify carbon emission related data. All quantifiable carbon emission data can be shared safely in this way.

Once the concerns about enterprise data security are eliminated, carbon emission data can be circulated and shared at the industrial level, and the value of data can be truly unlocked. This will advance the process of achieving the goal of carbon neutrality. 

If we want to reduce greenhouse emissions to avoid two degrees of temperature rise and even worse climate change, we need to make fundamental technological innovation. Although emission trading markets are potential solutions, they must be improved in order to achieve a certain degree of meaningful emission reduction in market efficiency and scale. Although blockchain technology can theoretically improve these markets, suitable networks that can promote this market transformation have not been developed. In addition, the blockchain network (the most popular blockchain in the past) does not have a design to reduce the impact on the environment. Therefore, in the spirit of decentralization and sustainability, carbon trading agreement has developed into a blockchain carbon sink trading network with carbon neutralization as the core. 

By enabling the carbon trading agreement, the customers on the network will contribute to their carbon neutralization through their transaction fees. The transaction fees are concentrated to purchase real and verifiable carbon sink assets, and then offset the carbon trace of the carbon trading agreement, so as to ensure their de neutralization, carbon trading, carbon neutralization and carbon asset storage. The process is transparent and supervised by various stakeholders in community governance, including CNT holders, verifier nodes and elected committee members, who are encouraged to maintain the security and reliability of the network.

Realizing “carbon neutralization” is one of the major trends in the future. As a new generation of subversive core technology after steam engine, power and Internet, blockchain’s unique personality will play a key role in the carbon trading market. Through the application of blockchain technology, the scale of the global carbon trading market may exceed trillion dollars in the near future. It can be said that there is still a lot of room for development.

With the rapid development of the globalization of the encryption industry, countries and regions have higher and higher requirements for practitioners. Technology drives industry innovation. International policies, and the introduction and supervision of national laws and regulations drive the birth of a new generation of products.

TDEX is one of them. Because the TECO ecosystem is no longer affected by centralized institutions, the TECO ecological decentralized trading platform TDEX came into being. According to official news, TDEX will be launched in the near future. TDEX is initiated by the TECO overseas community. It is committed to serving the users of the TECO global ecological community and creating a new generation of decentralized exchanges that are truly built for the future of the TT community. It is to promote the TECO global community. A very important step in entering DAO autonomy.

The bottom layer of TDEX is based on: 1. Security of assets (decentralized wallet TECO), 2. Fairness of rules (smart contracts), 3. Diversification mechanism, 4. DAO organization. Truly return to decentralization, and give users in the global community a truly safe, transparent, fair, and ecological place organized by the DAO.

It is worth mentioning that DEX has two major technological innovations. One is the pure contract version of the order-assisted transaction, which has significant advantages in transaction speed and transaction depth compared with Xswap. The second is that TDEX is a native DAPP with user experience in trading. Smoother. In addition, TDEX has also opened a new transaction mining model, where transactions and pending orders are mining, so that investors and traders can achieve a win-win situation under this economic model.

As the representative of TDEX’s overseas operations team said, “No matter from its birth background, development layout, technical characteristics, or diversified trading mechanism, the future value of TDEX is immeasurable”.

TECO DAPP download link:https://storage.teco.cool/teco/web/index.html

With the global spread of the Covid pandemic, more countries or regions have gradually begun to suffer severe economic losses, which has slowed down the economic growth in many countries and increasingly caused serious inflation. Although most regions do not have as severe inflation as Venezuela, cash assets seem to be gradually depreciating at a remarkable rate.

Asset allocation has gradually become the most effective way to offset inflation. As the price of Bitcoin continues to rise and its market size continues to increase, Bitcoin as an emerging asset is gradually being accepted by traditional investors, and when compared to traditional assets such as stocks and bulk assets, Bitcoin seems more welcomed by investors. Although Bitcoin has aroused an investment boom, however for many novice investors, the threshold for obtaining Bitcoin is still very high. After all, traditional investors do not have that many channels to buy Bitcoin as easy as getting stocks and funds.

Among the platforms that support the direct purchase of bitcoins with fiat currencies, they mainly include CashApp, Paypal, and Bit.Store. First of all, from the perspective of regional characteristics, CashApp and Paypal are payment tools based on support from the North American market. Therefore in terms of user group, CashApp and Paypal are more inclined to become the hub for North American users to buy bitcoin, while Bit.Store is oriented to business operations in other markets, namely Southeast Asia and Europe. Bit.Store can provide users with easier entry and low-cost channels to obtain Bitcoin.

Many Bitcoin investors are excited at the emergence of Bit.Store, which literally builds a bridge between Bitcoin and fiat for convertibility. Therefore, Bit.Store is mainly for BTC investors or potential investments. Bitcoin, as a decentralized asset, is different from traditional assets such as stocks and it can be circulated out of the trading platforms, so any improper custody and storage of BTC assets may cause certain security problems.

When offering its service to users, the Bit.Store platform itself do not hold or help users keep BTCs, but it will entrust the BTC assets in Coinbase, the world’s largest cryptocurrency exchange, and in Cobo, the largest asset volume in Asia in terms of crypto wallet. As a professional crypto asset platform, Coinbase and Cobo own the expertise and experience in crypto asset management, which further ensures the security of investors’ BTC assets. Therefore, after users make the purchase of BTC through Bit.Store, the bitcoin assets are optionally stored in Coinbase or Cobo accounts. If the assets are lost in the process, the custodian will repay the full amount. Therefore, when you buy Bitcoin through Bit.Store, you have zero risk of capital loss before you fully withdraw your assets. Of course, for professional BTC investors, after the transaction through Bit.Store, they can withdraw the assets to their Bitcoin account at any time and keep them under their own control. There is no surcharge in buying bitcoin on Bit.Store, and the platform will only charge a 2% handling fee when you sell bitcoins.

In comparison, CashApp and Paypal also support the use of fiat currency to buy Bitcoin, and the channel is mainly built on their own payment business,  hence users need to pay a certain fee whether they buy or sell BTCs. As traditional Internet products, they habitually establish a strong concept as a “platform”. For example, after users buy bitcoins through the above-mentioned platforms, the bitcoins are actually stored in the platform, even the BTC users who deal through PayPal will never be able to withdraw the BTCs.

Therefore, to a certain extent, such an approach will mislead investors who may think that Bitcoin is no difference from traditional assets. Similarly, if the assets are too concentrated, there will be certain problems. For example, if the private key of the wallet on the platform is stolen, it may result in the user’s BTCs being stolen. After all, as a traditional platform, it has no actual experience of managing crypto assets such as Bitcoin. Once the asset security issues arise, users ultimately become the most vulnerable ones.

CashApp and Paypal, which represent the traditional Internet products, do not have operations and maintenance aimed at users. Therefore, in some ways, they are still staying at the level of traditional Internet operation thinking model. This approach seems to be undesirable for the crypto user groups. Based on further integration with the concept of the crypto community, Bit.Store establishes a user group, which is hopeful to form further fission centered for users.

At present, in terms of actual business progress, Bit.Store has come to partner with three global TOP exchanges and provided the users with its gateway services of BTC purchase with fiat currency. It has also partnered with one international bank and one international payment institution. To provide services to its bitcoin investors, Bit.Store is also constantly extending and broadening the user group.

In general, compared to CashApp and Paypal, Bit.Store embodies a more obvious advantage in products. The ecological concept built by Bit.Store is also in line with Bitcoin. Bit.Store may eventually become an indispensable tool for BTC investors.