In comparison, blockchain network Elastos announced the launch of the Arbiter Network public beta of its Bitcoin Layer2 network BeL2. Arbiter nodes provide time-based transaction supervision and decentralized dispute resolution functions, allowing Bitcoin to remain on the main network while using smart contracts on the EVM blockchain.
On September 12, at the “Web3 Asian Power” theme summit during TOKEN2049 in Singapore, Columbia University exchanged doctoral students & visiting scholars, Han Feng, a former blockchain consultant at the Huawei Central Research Institute, and co-founder of Yilaiyun, shared his forward-looking vision for the future of the blockchain industry, emphasizing the importance of unified cognitive systems and intelligent algorithms and the key role of blockchain in achieving this goal. Han Feng first emphasized the huge potential of blockchain technology in creating a unified cognitive system and intelligent algorithms. The huge success of ChatGPT in the field of AI shows that it is entirely possible to unify intelligent algorithms across disciplines. Professor Gu Xueyong and Han Feng started the course “Cognitive Foundations Beyond Disciplines” at Tsinghua University as early as 2015. He believes that blockchain can use the opportunity of developing BTC L2 to unify the algorithmic consensus and cognitive rules of various public chain smart contracts based on the BTC timestamp, and break the barriers of authorization and perception of assets and transactions in different public chains. This innovation, which unifies the recognition system for digital assets and transactions, will not only be a technological advance, but will also trigger revolutionary changes in the entire human economy and society. Han Feng pointed out that one of the key features of the blockchain revolution is its ability to provide a “time stamp” for digital asset transactions. The Bitcoin network has relied on such an innovative mechanism to guarantee that no counterfeit money has been generated for more than ten years. This is an innovation that no monetary system in human history has been able to complete. This is also the basic guarantee for Bitcoin's market value and the volume of gold exceeding by 2025. Because it guarantees the absolute accuracy of understanding the causal order of asset transactions. And this technological innovation and POW mechanism will play a key role in implementing a unified recognition system for public chains in the future. Also, through the mechanism of joint mining with Bitcoin designed by Wu Jihan at the beginning, Laiyun currently ranks second in terms of computing power in the POW system. Naturally, he is a strong supporter of the construction of the BeL2 test network. He also shared the technology stack that the Bel2 team is studying based on the results of the MIT Digital Currency Research Institute. The technology uses zero-knowledge proof technology to unify the “timestamps” of different public chains and smart contracts, which is expected to achieve seamless connections between the Bitcoin public chain and other smart contracts. This means that different blockchains will be able to share a unified “timestamp” of the Bitcoin network, and there will be an opportunity to establish a unified asset authorization and transaction system across the Bitcoin and Ethereum public chains. Han Feng believes that the true meaning of blockchain is that it provided humans with a unified “truth” algorithm for the first time. In the past, people had to rely on various authorities to determine what was true and correct, but blockchain established the authenticity and correctness of transactions and assets as an undisputed calculation standard and mechanism through network-wide computation, timestamps, and consensus mechanisms. This has far-reaching implications for eliminating the system of lies and the “point deer for horse” scam...
Fakhul Miah is the co-founder of the Yilaiyun community team Elation Studios, a member of the 2nd CR Committee, and the CEO of CreDA, an important ecosystem project on Yilai Cloud. (CreDA has just recently launched ESC, with over 1,000 users) Fakhul Miah has worked in Morgan Stanley's investment banking for over 15 years and was the VP of Morgan Stanley's European, Middle Eastern and African Clearing Derivatives Customer Service Group. During his tenure at Morgan Stanley in 2017, he promoted futures construction for crypto assets, including business processes, product architecture, risk modeling, and margin methods. Recently, Fakhul Miah had a conversation in the Yilaiyun community to review the process of launching Coinbase and its significance for the future development of Yilaiyun. 1. Elastos (ELA) recently launched on Coinbase. Can you briefly introduce the Coinbase platform? Coinbase is the largest digital asset trading platform in the US and the most reliable digital asset trading platform in the world. Furthermore, Coinbase is already listed on the Nasdaq Stock Exchange, the largest technology stock exchange, and Apple, Microsoft, and Google are also listed on this exchange. Meanwhile, Coinbase customers are protected by crypto and FDIC insurance. Coinbase provides services in more than 100 countries and regions around the world, has more than 100 million users, and has a trading volume of more than 300 billion US dollars in the last quarter. It is regularly ranked in the top 2 of CMC and CG exchanges. 2. What is the significance of Elastos (ELA) listing on Coinbase for Elastos? Does this mean ELA has successfully entered the mainstream market of the industry? Of course, ELA's listing on Coinbase is an important milestone for Elastos, as it marks ELA's access to the US and global markets. Furthermore, I believe that the launch of ELA on Coinbase is a sign of trust and recognition for the development of our project. 3. It is said that Coinbase has a very strict listing process. As the main sponsor of this listing, what work have you done to achieve this success? What challenges did this process present? What are the biggest gains and experiences you've accumulated? Yes, Coinbase's listing process is very strict. Although the details of the listing process need to be kept confidential, I can attest that listing on Coinbase is very difficult because they have a very thorough and strict review process, and their internal digital asset listing team assesses the asset's compliance, legal, and information security aspects, and requires a great deal of information. More details about the listing process can be found at the link below. https://blog.coinbase.com/listing-assets-on-coinbase-is-free-and-always-has-been-8b60cb873af4. 4. Will Elastos' next focus on the global market? Will more exchanges be launched? Is there a more compliant and mainstream strategic layout? Yes, Elastos is expanding the global market. I'm having in-depth discussions with more top exchanges about the ELA listing. Currently, due to the confidentiality agreement, I can't reveal more to everyone, but as soon as it is finalized, we will announce it to the community through media channels. 5. What are your comments on $ELA's performance after it went live on Coinbase? To be honest, going public during a bear market is never ideal; unfortunately, the timing of listing is not something we can control. However, after the official launch was announced, we did see ELA's strong performance, and the price increased by around 20% within a few days. Also, demand for ELA is strong on Coinbase. Within a few days of the launch of Coinbase, ELA's trading volume surpassed $1 million, which is more than 10 times more than all other exchanges combined! 6. CRC recently reached a cooperation with Kairon Labs, a well-known market maker in the industry, so are there any long-term plans for Elastos (ELA) market performance? Can you share your thoughts? By partnering with high-quality professional market makers that have adapted well to various unique market dynamics and digital assets, Elastos can provide individuals and organizations that want to participate in the Elastos ecosystem with more stability, sustainability, and mobility...
Author: Han Feng Source: Han Feng Blockchain Studio, Wudaokou School of Finance, Tsinghua University This article is Han Feng's speech at the Shuzang Web3 conference. Han Feng: Hello everyone. Today I'm at Tsinghua Science Park. Since I can't go to Shenzhen, I was invited by the Gem Director of Shenzhen Innovation University to share and exchange a video with everyone. First of all, I would like to congratulate the Shuzang Web3 Conference on being successfully held under the auspices of Shenzhen Innovation University! A few days ago, I had a conversation with Mr. Gao Hongbing, vice president of Ali Group. Yesterday, I had an in-depth exchange with Director Gem, so I also used this opportunity to discuss with you how the cryptocurrency industry should develop in the future. In fact, we only discussed one topic, which is how to make Zhang's three industries develop sustainably. Of course, everyone knows that this industry experienced last year's bull market. Of course, now it's a bear market. Various events have occurred, especially those that have just entered the industry. I feel that the industry is particularly unstable. Today, this project came out, and it hasn't been around for a month or two. If any industry wants healthy long-term development, this is impossible; it must find a really good scientific development model. Of course, this industry has been around for a long time. I joined the industry in 2013. This industry has a great wealth effect, so let me not mention it. It is very appealing to everyone, including me. In 2017, I was also basically able to have freedom of wealth by relying on it. However, it is true that there has been no particularly good solution to the problem of sustainable and stable development for a long time. We are all exploring, including Vitalik, the so-called V God. He probably wrote an article with Microsoft Research experts in May called Finding the Soul in Web3, and is also discussing this issue. I read it at the time and combined it with my own CreDA practice, and I quite agree with him. What is his most basic opinion? He said that the reason why the industry seems so unstable, full of ups and downs is clear, because the industry currently only has digital assets that can be traded, such as all kinds of coins, including NFTs, so basically the main act of everyone entering is hype, triggering all kinds of excessive speculation and creating many bubbles, not to mention it. Of course, there is a huge wealth effect in the middle. We have all experienced situations hundreds or even thousands of times, but it is seriously unstable, because it can only be speculative and hyped up, excessive financialization, according to God V. Why is this happening? I think they did some basic analysis, which is in line with our past analysis and practice, including developing a decentralized credit system like CreDA. The conclusion is basically the same. In other words, in the Web3 world, decentralization is currently emphasized, but there is a lack of creditworthiness, or entities that lack responsibility. In real life, we know that without the concept of a legal representative, no one can actually sign a long-term cooperative commercial contract. If the two encounter a deal, they can only buy and sell, excessive hype, and excessive speculation. Exactly, in real life, there are credit subjects like this. If we have a legal representative and an ID card, we can have long-term economic cooperation. There are many longer-term economic credit practices, not to mention, including being able to issue credit cards, credit loans, and unsecured loans. Therefore, the traditional form of business in the economic world is much richer and more stable than today's cryptocurrencies. Vitalik and they came to the conclusion that we should forge the soul in Web3. In fact, one of the easiest explanations for soul is a decentralized ID. You have a DID status, but it's not a central agency that sent you, not a government that sent you, but rather a DID that conforms to W3C Microsoft's standards. Of course, Laiyun has already developed it. Elastos is the dress I'm wearing. At the same time, Yilaiyun's DID also has a major feature. Joint mining of more than half of Bitcoin's computing power was introduced to protect this DID. Because since it is a decentralized mechanism, it requires computing power protection, otherwise it can be easily hacked and tampered with by hackers. If your DID is hacked in the future, the consequences will be very serious; if a new WEB3 economy is established in the future. Of course, after having DID, you still have to bind all kinds of credit to DID. Most directly, you need to bind to all kinds of wallets you have in the past and use the assets and transactions in your wallet, including what is now called a social graph, to connect with other wallets. Because if you frequently trade with a few wallets, chances are that you are friends, this is a decentralized model that proves your social relationships. Using this on-chain data, you can first establish basic credit and bind it to your DID. This is the beginning of a WEB3 soul, and the whole process is decentralized. Of course, as CreDA has scanned 80 million wallet addresses,...
Han Feng: I just joined the Tsinghua Institute of Advanced Studies as a visiting researcher. The Institute of Advanced Studies was founded by Mr. Yang Zhenning. It first came from the Center for Advanced Studies. My main research direction now is quantum entanglement and spatio-temporal topology, so I maintain a consistent style. The reason I joined the blockchain, including the current metaverse, is all based on my understanding of quantum mechanics. Han Feng: As a visiting research fellow, I joined the Institute for Advanced Study at Tsinghua University not long ago. The Institute for Advanced Study was studied by Chen-Ning Yang (Nobel Laureate). It used to be Tsinghua University Center for Advanced Study. My current research findings on quantum entanglement and spatio-temporal topology, so I stick to my own academic style. I've started to study the blockchain and metaverse, because both of them are based on quantum mechanics. To be honest, it's impossible for us to actually define it today; everyone can accept it. But I can only talk about my feelings, my own perceptions, including why the metaverse is so popular. Speaking of the definition of the metaverse, to be honest, it is impossible for us to nail down a definition that will be accepted by everyone. I can only talk about my personal feelings and cognition, as well as why the metaverse becomes so popular now. Since I joined the industry in 2013, I've been using my knowledge of quantum mechanics to explain Bitcoin, including blockchain, and have written several books, including my latest “Blockchain Wealth Theory.” But to be honest, it didn't work very well. It felt a bit far-fetched. Although I don't think it's far-fetched in my heart, I think it's natural, but the average person doesn't sound like blockchain and Bitcoin are linked to quantum mechanics. Many of them, including old friends in the coin industry, like Wu Gang and Cancer, all think it's far-fetched, and we've argued in the group. Since I studied to explore blockchain in 2013, I've been studying Bitcoin with my cognition of quantum mechanics. I've written several books on blockchain (In Chinese), including my latest book Blockchain and the Wealth of Nations. But to tell you the truth, the response is not very good. Somehow I think it's quite natural to study blockchain and bitcoin based on quantum mechanics, many people, including some of m...
Elastos Essentials - Release 2.3.0 of the Android platform, which includes 30 improvements to components such as Wallet and Identify, supports networks such as Fantom, and further completes the integration of Unstoppable Domains. Improve the implementation of bridging on each network. Optimize the UI/UX of network switching to make it more convenient. Adding custom Ethereum-compatible networks is supported. Unstoppable Domains supports more networks (ELA, HECO, BSC...). Complete the integration with Glide Finance. The wallet supports obtaining the current price of ERC Tokens and provides the total reference fiat amount for all assets. Added In-App Browser context menu support. Complete the in-app browser's bookmark management and network connection. Fix the compatibility issues of the In-App Browser with the iOS platform, and fix bugs on the iOS platform. Fix some dApp integration and interaction bugs with Essentials. Update the DID SDK to fix abnormal DID expiration on the Buddhist Calendar system. - Hide apps such as CR/DPoS voting from the launcher when the current network is not Elastos. Elastos DID addresses an issue where the Swift SDK's system calendar expires abnormally on iOS/macOS platforms. Verify that the Native/JavaScript SDK processes time correctly when the system is set to Buddha. Solve Native SDK compilation issues on Raspberry Pi devices. Solves an issue where the Native SDK does not validate SSL certificates on some platforms with https (libcurl). Elastos Hive cleans up the Hive Node internal implementation code. Formulate Hive project repository branch /Release/ version branch management specifications. Improve test cases for Hive Node and improve several implementations of Hive Node according to test cases and development requirements. Optimize the implementation of the Hive Node Backup/Restore process to ensure its stability. Elastos Carrier- Continuing the development of Carrier 2.0. Elastos Mainchain released v0.8.1 ELA nodes. This version supports functions such as quick node startup, quick receipt of small cross-chain deposits, registration of sidechain proposals, and uploading the full text of the proposal. Conduct DPoS 2.0 business logic discussion and logic development. Organize transaction structure documentation. EID Sidechain updates the customized ID's valid character set to letters plus numbers. In addition to having the functions of ordinary DID, customized IDs support the use of custom strings as DID identifiers, and can perform DID operations and management through multiple signatures, while transferring ownership of customized IDs. Users can register a string with a special meaning as an identifier for a customized ID and use that ID as the DID for the team or organization, and issue a certificate through this DID. When the management of the team or organization needs to be transferred, there is no need to change the organization's DID, and the manager can be replaced directly by transferring ownership of the DID. The RPC interface Resolvedid supports querying customized IDs by omitting the DID:elastos prefix. Complete the relevant changes to the Customized ID proposal. Fix the controller array sorting issue in the DID document. Fix other issues found. ESC Sidechain - Debug the implementation of proxy contract upgrades. Write ESC sidechain-related documentation. Discuss future development plans for Layer 2. Find ESC Browser...
Bitcoin dropped from $65,000 at its peak to around $30,000 now, and the crypto market is tending to be lukewarm. The CEO of Blackrock said a few days ago that there have been few inquiries from customers about cryptocurrencies. According to Google data, the “Bitcoin price” search for Bitcoin dropped from $65,000 at its peak to around $30,000 at present, and the crypto market is tending to be lukewarm. The CEO of Blackrock said a few days ago that there have been few inquiries from customers about cryptocurrencies. According to Google data, the “bitcoin price” search fell to a seven-month low. However, Han Feng, author of “Blockchain Wealth of Nations”, was convinced in an exclusive interview with “Comparative” that the peak of the bull market is yet to come. “The market hasn't turned bearish,” Han Feng said. “This is the middle stage of a bull market. After a period of sideways trading, the market will advance to the peak of the bull market.” Han Feng has been involved in the crypto market since 2013, and has experienced three major market transitions. While gaining personal wealth freedom, he also co-founded the Web3.0 project and came to Yunelastos. The new work “Blockchain Wealth Theory” argues that the essence of wealth is a global credit consensus, and Bitcoin is a new digital gold consensus. “This bull market in the crypto market has a real foundation,” Han Feng further analyzed. “The implementation of DEFI has brought real applications and improved the efficiency of the financial market. This is the biggest difference from the 2017 ICO bull market. At the same time, the general environment of fiat inflation in various countries has not changed, and the Federal Reserve will not raise interest rates in the short term. These factors are the driving force behind the real climax of the bull market”. The US consumer price index reached a new high in June, up 5.4% from the same period last year, the highest 12-month increase since August 2008. Federal Reserve Chairman Powell still believes that inflation is only temporary during yesterday and today's congressional hearings. He expects price pressure to ease somewhat later this year. Han Feng believes that this sideways phase is likely to be quite long. It may be three months, half a year, or even a year, but he will never wait until the next round of the bull market after four years to reach another high. This sideways and even sharp decline occurred in the middle of the 2013 and 2017 bull markets, but the upward trend of the bull market was not reversed. The immediate reason for this downturn in the crypto market is a crackdown at the Chinese policy level. In June of this year, financial regulators issued another tough statement prohibiting banks and payment companies from handling crypto-related businesses and alerting consumers to the dangers of virtual currency. Major mining sites in Inner Mongolia, Qinghai, and Sichuan have all recently been shut down by policy one after another. China's former absolute leading computing power in Bitcoin mining has faded away, and more Bitcoin mining plants have begun to switch to the US and other countries. The US states of Texas, Kentucky, etc. are attracting Bitcoin miners through policy guidance. Kentucky is offering tax breaks to Bitcoin mining businesses that invest $1 million to deploy new machines in the state. Meanwhile, Bitcoin holders have slowly been dominated by the US. In this bull market, US companies and institutions have hoarded large amounts of Bitcoin. Chinese Bitcoin holders are running out of chips. However, Han Feng believes that Bitcoin has survived tenaciously after several attacks at the government level before, and once the wealth consensus trend is formed, it will be difficult to break. Bitcoin remains an undisputed gold-like savings asset in the long run. Author: Susan Feng This article is from Bitpush.News. The source is required for reprinting...
![[Comparative conversation] Why are NFTs so valuable?](https://images.bitpush.news/2021/03/special_cn-20210323-161651455896277015.jpeg:WechatIMG1420.jpeg)
Beeple's NFT artwork “Everydays: The First 5000 Days” sold for nearly $70 million, and the “NFT” concept became an instant hit. In addition to the art industry, sports stars, singers, and entertainer influencers have joined the market to play with NFTs, and the leading US media “Time” has launched its first magazine cover NFT auction. So why is this concept so lucrative? How long will the popularity of the NFT market last? At 20:00 on March 24, Beijing time, Bituo Editor-in-Chief Susan Feng had an exclusive conversation with Han Feng, co-founder of Yilaiyun, and Wang Dong, founder of Looring (Looring), to discuss the significance behind the NFT market and others. Broadcast time: March 24 at 20:00 Beijing time; March 24 at 08:00 EST Guest introduction: Susan Feng | Bitui Editor-in-Chief Susan is a veteran media personality and joined Betsu in 2018. I have reported on the 2008 financial crisis and the 2008, 2012, and 2016 US elections. He has a unique perspective on America's political economy. Susan has interviewed Buffett five times in a row since 2008, and was the first Chinese reporter to interview Buffett. Pioneering reports on Buffett and discussions on the Chinese economy have had a wide impact on the domestic financial community. Susan also interviewed Greenspan, President Clinton, former US national security adviser Brzezkinsky, former mayor of New York Bloomberg, and columnist “The World Is Flat” Fryderman. Graduated from Columbia University with a master's degree in international relations. Han Feng | Han Feng, co-founder of Yilaiyun, co-founder of Yilaiyun. Visiting researcher at Columbia University, mentor at Tsinghua University iCenter, former blockchain consultant at the Huawei Research Institute, Secretary General of the Asian DACA Blockchain Association, US Oracle Education Foundation China Project Partner, Bitcoin Foundation Lifetime VIP Member, author of the bestselling books “Blockchain: A View of Quantum Wealth” and “Blockchain: From Digital Currency to Credit Society”. Wang Dong | Founder of Luyin, founder of Loopring (Loopring). Former Google senior engineer and technical director, former senior R&D director of JD, cooperated with the former CTO of JD to establish Hejin Online (Internet Insurance Big Data Company) in Beijing and received investment from Red Dot Venture Capital...
![[Comparative character] PhD student in quantum mechanics/middle-aged entrepreneurship/wealth freedom... the slash life of Han Feng, co-founder of Yilaiyun](https://images.bitpush.news/2020/10/special_cn-20201028-160389595698754398.png:WechatIMG133.png)
Han Feng, read Bo Qinghua's quantum attack, pioneered Yunzhou and later became Ai. At the end of my life, I first learned about Bitcoin and blockchain, so I preached in Kyushu and was famous all over the world. In AD 2015, investing in “Little Ant” was 700 times more profitable. When I met Chen Rong, an expert in computing, and co-created “Yilaiyun,” he was convicted in eight cases, and his reputation was ruined. However, he went back and forth, and his ambition was unswerving. Han Feng is the co-founder of Yilaiyun. Visiting researcher at Columbia University, mentor at Tsinghua University iCenter, former blockchain consultant at the Huawei Research Institute, Secretary General of the Asian DACA Blockchain Association, US Oracle Education Foundation China Project Partner, Bitcoin Foundation Lifetime VIP Member, author of the bestselling books “Blockchain: A View of Quantum Wealth” and “Blockchain: From Digital Currency to Credit Society”. My first experience in starting a business. From its peak to the bottom of the 90s of the last century, the Internet was only just emerging in China, and the trend of going out to sea and entrepreneurial culture gradually became popular. Han Feng, who is studying for a PhD in quantum mechanics in Tsinghua, also joined the wave of entrepreneurship. He founded Yunzhou, which is said to be “almost the first O2O education website in China.” His annual income in 1998 was 1/3 of New Oriental, the most popular study abroad institution at the time, and he soon earned the first pot of money in his life. Han Feng later fell into a period of confusion in his life. He was no longer able to feel the excitement of being a business. He thought he still liked to study quantum mechanics, and that Yunzhou began to go downhill continuously. In 2013, Han Feng was only able to endure the pain of reselling the company at a low price. He also owed a huge debt. At the same time, he was forced to get divorced, and had to leave the villa for his daughter and ex-wife. Han Feng once described his difficulties at the time: the standard for finding a hotel in Zhongguancun was “not to spend more than 100 yuan a day”; “I went to Tsinghua during the day to have advanced exchanges and a hotel where I slept for 100 yuan at night”; “I was hesitant to buy a high-speed rail ticket due to financial difficulties at the time.” 1. There was no way to repeat that. Liu An Huaming and Han Feng, who is almost 50 years old, went back to Tsinghua to study quantum mechanics with his mentor Zhang Li. By chance, he listened to Tsinghua alumnus Deng Di's speech on Bitcoin, which stimulated his interest in Bitcoin and blockchain. He was interested in being the best teacher. Afterwards, Han Feng began teaching himself Bitcoin knowledge online, studying Satoshi Nakamoto's Bitcoin essays, and actively participated in various lectures. Coupled with his background in quantum mechanics, he soon formed his own knowledge framework. At a party organized by Tsinghua alumni, Han Feng explained Bitcoin to everyone as the keynote speaker, which was well received. He was greatly encouraged by this. He continued to explore the underlying logic of Bitcoin and blockchain. He also asked Professor Tsinghua and cryptography expert Wang Xiaoyun about cryptography knowledge, and wrote an article based on his own understanding, making it a must-read Bitcoin introductory science article for many people. Coupled with his humble personality and his own intellectual system, Han Feng gradually became a well-known evangelist in the community. Some people were willing to pay 10,000 yuan to give him a lecture on Bitcoin and blockchain at Beijing's famous Wudaokou School of Finance; Okcoin's Xu Mingxing invited him to work as a consultant for three years; how appealing was Han Feng's speech? At one point, he taught quantum mechanics and Bitcoin at Chaos University and received more than 50,000 red envelopes in rewards from thousands of students! You need to know that Zhou Hongli, the founder of 360, which was already very successful at the time, received more than 10,000 at Chaos University. 2 These reactions made Han Feng more firm in his choice, and quantum mechanics+blockchain will definitely be widely recognized. As Han Feng's influence in the community gradually expanded, in May 2014, he registered DACA (Digital Assets Coalition Asia), the first private blockchain data asset association in Hong Kong with Liao Xiang, Yang Linke, and Hu Hongjie. Han Feng has raised 300 bitcoins for DACA, and has regularly held free DACA blockchain technology open courses for the industry, and has held blockchain lectures at nearly 100 universities in China. The year 2015 was the darkest time for the Bitcoin market after losing his money, but Han Feng still has a firm belief in Bitcoin. He bottomed out Ethereum and waited until it rose 7 times, then sold it in exchange for 200 bitcoins, and waited for the bull market to arrive. In the same year, Han Feng invested in NEO (Little Ant). The highlight of the Little Ant project is the use of blockchain to solve the equity problems of startups. Han Feng believes that this market has unlimited potential, because he knows the financing pain points of startups, so he spared no effort to promote and give speeches for Little Ant. Later, the news that Fuxing Capital wanted to invest also caused Little Ant's worth to skyrocket. Thanks to the trend of the 2017 bull market, the price of Little Ant soared from less than a dime to 65 yuan. Han Feng sold all of his coins and obtained nearly 700 times the profit...
The first anniversary conference of the data capitalization wave was held in Shenzhen. The FiLDA industry alliance also joined forces such as Cloud, IPFS Power Zone, Starland, and UKEX to use core resources to create leading advantages, build a bridge between FIL and DeFi, and create a one-stop financial services alliance around Filecoin. Prior to the Filecoin Mining closed-door meeting, Han Feng, co-founder of Yilaiyun, presided over a round-table discussion organized by Bullock Finance. The following is a transcript of the discussion. Moderator: We invited our special guests, Zhang Chenglong, founder and CEO of IPFS Power Zone; Li Yandong, Chairman of Shenzhen Starland Technology Co., Ltd.; Fang Yunhao, open source mining partner; Cai Qingfeng (voice), CEO of Starsky Data (voice); and Zheng Xiping of 1024IPFS and Auto Miner. Han Feng: Today's round table is very significant because everyone knows how popular Filecoin is these days. About three days ago, Filecoin's main network went live, and one Filecoin hit 200 US dollars that night. At the time, “Guo Erbao” called me from Silicon Valley. Excitedly, they all said it was bad, saying that Filecoin's market value had already surpassed Bitcoin. Of course, this is a temporary financial phenomenon. The most fundamental thing is that Filecoin represents decentralized storage. This is why it is particularly important in the future, causing so much excitement and popularity in the global capital market. The most fundamental thing is that it can support data capitalization. Because of data capitalization, the data itself must be privatized and protected. This is Yilaiyun's Chen Rong's consistent philosophy, which is what Yilaiyun will support in the future. Therefore, the Internet of the future, the Internet that supports the capitalization of data, must have decentralized storage. In order to hurry up, there will soon be a closed-door meeting next. This is the focus of everyone's attention in the entire mining industry. Because of the price of Filecoin these days, I think everyone knows more or less that the whole roller coaster is full of clouds and rain. Various comments are flying all over the internet. Exactly at 2 o'clock, our mining bosses had a closed-door meeting, and they basically took up 50% of the computing power, so in order to hurry up, I won't let them introduce them all by themselves. I'll just introduce them; let's just talk about opinions. This is Zhang Chenglong, the founder of the famous Force Community. The industry is known as Dragon King. I really admire the Force Community. Starting in 2018, they began to pay attention to IPFS very early. This kind of decentralized storage concept still started with the community, and now it has made such a big deal, accounting for almost 20% of the entire network. On the Starland side, CEO Li Yandong also accounts for more than 20% of the computing power. Juan (voice) seems to have personally visited your company when he arrived in Shenzhen. He has shown me all the photos. He is definitely a leader in the industry. Fang Yunhao, the open source mining farm, always invested by Du Jun, is also very good in terms of technology. Cai always used to be responsible for server storage at Huawei. He was a senior figure. He was later selected by the listed company Yiyatong. Now he is working on a Star Palace data and is also mining Filecoin, and it started very well. 1024 was invested by Block Finance. I heard that it is also quite famous in the industry, ranking in the top three in a space race. Basically, they are all representative figures of the Chinese mining industry. The first question, of course, is that you have been cooperating with the Filecoin Official Agreement Laboratory for almost two years. What kind of problems have arisen in Filecoin's overall economic model, including what problems have arisen in cooperation with them, what solutions do you think can be solved, and what are your expectations for their government? Zhang Chenglong: One is the set-up of the mechanism and the release of pre-collateral and 180-day post-mortgage. According to these rules, many miners had no place to find collateral coins in the early stages. In the past two days, everyone also paid attention. Before the main network went live, it basically exceeded 33.5 PB every day at its peak, but the computing power increased by 33.5 every day. Up to now, yesterday it grew by 1.9, less than 2. Today I looked at the entire network, which is relatively a bit more. In other words, this computing power can only reach 1/8 or 1/7 of the original situation. It mainly comes from miners not having collateral coins. Currently, the number of machines in the entire Filecoin mining circle cannot be used enough. This is a mine for current miners. Now 25% has been released, which may relatively ease the pressure on some miners. After 25% release, you may be able to increase your BP computing power every day, which will be much better. At the same time, as the circulation of coins increases, the increase in computing power is likely to be relatively stable. Next is what Teacher Han Feng said. The major domestic mining industry, including us, will have a closed-door meeting. Whether this is bad or good? I think today will have one...