BeL2 · 8

Bitcoin DeFi Project Elastos Launches BTCD, a BTC-Backed Stablecoin

According to CoinDesk, Bitcoin DeFi protocol BeL2 developer Elastos announced the launch of BTCD, a stablecoin backed by BTC. Ahmed IJ, head of marketing at Elastos, said that BTCD is backed by Bitcoin, and the collateral amount is equivalent to 160%-200% of BTCD's value. When the price of BTCD is above $1, holders will destroy tokens to redeem BTC, causing supply to decrease and the price to decline; if it falls below $1, users deposit new BTC to mint BTCD and sell it off, increasing supply and recovering prices.

430d ago

Elastos launches Arbiter network public beta of its Bitcoin Layer2 network BeL2

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.

592d agoLuxurytracy#elastos #layer 2 #Bitcoin

[Comparative Interview] Founder of Elastos: Building an Intelligent Network to Revolutionize the Future of the Internet

At the Bitcoin 2024 conference in Nashville, Tennessee, Bitui had the privilege of interviewing Chen Rong, founder of Elastos and a senior expert in the field of operating systems. An in-depth discussion of Web3, smart networking capabilities, and Elastos' innovations and latest releases. Elastos was founded in 2018. The company aims to revolutionize the Internet by combining operating systems and blockchain architectures. The L1 blockchain is designed for secure and transactional purposes, and is complemented by sidechains and L2 to run decentralized applications and enhance scalability. ELA, the native token of Elastos, can be used to pay transaction fees and staking, and enhance security through joint mining with Bitcoin. The idea behind Elastos dates back to 2000, when Chen Rong wanted to create an “Internet operating system.” Although the design and functionality slowly changed from 2000 until now, his original vision remains the same: to provide a decentralized operating system for the internet. Chen Rong said that the problem with Web3 is its lack of inclusiveness: “Web 1.0 is for everyone to read, Web 2.0 is for reading and writing, but Web 3.0 only involves cryptocurrency fanatics... Reading, writing, and owning should serve everyone.” Therefore, he called his version of the internet the Smart Web (SmartWeb). One of the main goals of intelligent networks is to create better digital rights management (DRM) for non-physical assets. Chen Rong explained, “Assuming I own a copyright, can I rent it out? Can I buy a limited-edition virtual movie? How do you guarantee that there are only 500 copies?” He pointed out that the existing online movie distribution system is too concentrated and relies on a few large companies such as Netflix and Amazon. In order to solve this problem, the Elacity project built on Elastos came into being. Currently, the project is online and provides streaming and purchasing services. The recently released BeL2 solution aims to enhance interoperability and become a “native BTC DeFi decentralized clearing network service.” Chen Rong gave an example of an intelligent online e-commerce store. The funds will only be handed over to the merchant after receiving the delivery receipt. Bel2 uses zero-knowledge proofs to allow people to use BTC to settle on DeFi without leaving the Bitcoin mainnet. Although ELA tokens have dropped 97% from their all-time high in 2018, Chen Rong's team is still doing their best to improve the product's fit with the market. From attending the Bitcoin 2024 conference to switching to Bitcoin L2, Elastos has remained relevant in the ever-expanding Bitcoin ecosystem and is seeking to establish itself as an internet operating system that can stand the test of time. Whether Elastos and BeL2 can achieve these goals is still unknown, but their ambition and drive must be confirmed. Author: BitPushNews Lincoln Murr Compiled by BitPushNews Scott LiuTwitter: https://twitter.com/BitpushNewsCN比推 TG Community: https://t.me/BitPushCommunity比推 TG Subscriptions: Btok Subscriptions: & https://t.me/bitpush比推 nbsp; https://btok360.com/bitpush...

749d agoscottliu#BeL2 #Elastos BeL2 #WEB3 #Elaiyun Elastos #Chen Rong

Learn about the Bitcoin 2024 Nashville conference agenda and surrounding events in one article (with participation guide)

Bitcoin 2024 Nashville will be held from July 25 to 27, 2024 at the Music City Center in Nashville, TN, USA. Hosted by Bitcoin Magazine, the conference will feature more than 450 speakers, more than 400 sponsors, more than 2,000 companies and more than 100 artists, and over 70 related events, which are expected to attract more than 20,000 participants. Notably, former US President Trump will deliver a speech at Bitcoin 2024 Nashville on July 27th. Earlier, industry sources revealed that Trump may announce important news at the Bitcoin 2024 conference. Daily Planet Daily has compiled the Bitcoin 2024 Nashville conference agenda and surrounding events for readers and participants. The dates shown below are local Nashville time: For more information, please visit the official website of the event: https://b.tc/conference/2024重磅演讲嘉宾美国前总统 Donald Trump's independent presidential candidate Robert F. Kennedy Jr. Ark Invest CEO Cathie WoodMicroStrategy Executive Chairman Michael Saylor Russell Brand Cybersecurity Expert Edward SnowdenMiller Value Partners Chairman and CIO Bill Miller ivBitcoin 2024 Nashville Agenda (Part) July 25 Subject: WHALE ART GALLERY EARLY ACCESS EVENT (Whale Art Gallery Early Access Event) Time: 8:00 AM - 9:00 AM Venue: B24 Art Gallery Topic: Mastering Strategic Thinking: Leading Bitcoin Companies (Mastering Strategic Thinking: Effective Leading Bitcoin Companies) Time: 9:00 AM - 9:30 AM Venue: Nakamoto Stage Guests: Sophie von Laer, Strategic Maverick Theme: NATION STATE GAME THEORY: ENERGY INFRASTRUCTURE (Nation-State Game Theory: Energy Infrastructure) Time: 9:30 AM - 10:00 AM Venue: Nakamoto Stage Guests: Harry Sudock, GRLd Infrastructure; Jeff Lucas, Bitfarms; Troy Cross, Bitcoin Policy Institute Topic: MINING STRATEGIES: COMPROMING VS. REALITY (Mining Strategy: Expectation and Reality) Time: 10:00 AM - 10:15 AM Location: Mining Stage Guest: Amanda Fabiano, Fabiano Consulting Topic: Building Bitcoin Native Financial Products (Building Bitcoin Native Financial Products) Time: 10:00 AM - 10:30 AM Location: Nakamoto Stage Guests: Mike Belshe, BitGo; Nick Neuman, Casa; Dhruv Bansal, Unchained; Allen Farrington, Axiom Theme: Pitch Day Battle: Bitcoin Alpha Faction: 10:00 AM - 10:50 AM Venue: Enterprise Stage Theme: BITCOIN MINING ECONOMY: HOW LARGE OPERATORS...

758d agoWendy#Bitcoin 2024 #Trump

Elastos bel2 has implemented an absolute BTC fundamentalist EVM solution with BTC Oracle

Comparatively, according to CoinDesk and Binance News, Elastos bel2 has achieved an absolute BTC fundamentalist EVM solution through BTC Oracle. The solution starts from the principle that it absolutely does not affect the sacred rights of BTC holders, and allows BTC to be exchanged with any other EVM chain crypto assets without leaving the Bitcoin main chain.

882d agoWendy#Elastos BeL2 #EVM #Bitcoin

BeL2 Co-Creation: Bitcoin can be exchanged for ELA without cross-chain

Comparing the news, BeL2 co-founder Han Feng said, “BeL2 adheres to the fundamentalism of Bitcoin. Through its BTC Oracle, Bitcoin can be exchanged for ELAs on other chains without cross-chain. This innovative move not only marks Bitcoin's move towards dominating the smart contract era, but also marks BeL2's key progress in its development process and a landmark breakthrough in Bitcoin's fundamentalism.”

887d agoWendy#BeL2 #BTC Oracle #ELA #smart contract #Han Feng

Elastos plans to launch Bitcoin L2 BeL2

In comparison, according to CoinDesk, Elastos plans to launch a new Bitcoin Layer 2 network, BeL2, which will bring more complex possibilities to Bitcoin transactions, including smart contracts and irreversible digital protocols. Elastos developers say users can define, manage, track and modify smart contracts on Bitcoin without intermediaries. Additionally, BeL2 allows users to directly stake Bitcoin on the service and earn revenue when interacting with apps built on it.

977d agoyijunzhong007@outlook.com#BeL2 #elastos

Han Feng: BTC L2 will have the opportunity to unify the timestamps and smart contracts of various public chains

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...

1072d agoBTC2025NB#BeL2 #L2 #TOKEN2049 #Yilaiyun #smart contract #Bitcoin #Han Feng

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