DPoW · 2

The highest increase of nearly 7 times in half a month, and the sudden rise of Core benefited from BTCFI's new narrative

The Layer 1 public chain Core Chain has received renewed attention due to the increase. It uses an innovative consensus mechanism Satoshi Plus, combined with Bitcoin miners and mining pools to improve efficiency and user experience. EVM-compatible Core can unlock more innovative Bitcoin applications, launch multiple plans to accelerate ecological development, and benefit from the increase in miners' income demand as Bitcoin is cut in half. Author: Nancy has been dormant for a year. Recently, the Layer 1 public chain Core Chain has once again received market attention due to its impressive growth. Core's exponential rise was driven by Bitcoin miner demand and BTCFi's new narrative. According to the official report, Core Chain is a Bitcoin-powered, EVM-compatible Layer1 public chain. It aims to complement Bitcoin and serve as its highly scalable smart contract platform. Currently, the ecosystem has covered multiple tracks such as wallets, DEXs, oracles, cross-chain bridges, NFTs, and gaming. According to the block explorer, as of April 2, Core had achieved over 230 million on-chain transactions and 15.63 million wallet addresses. Core Chain is operated by the decentralized organization Core DAO, with over 50 contributors, from Binance, Coinbase, Huobi, BNB Chain, MoonPay, and Blockchain.com. For example, the core contributor Rich Rines is the founder of AutoReach, a smart external dispatch. He worked as an engineering director in the Coinbase capital flow department and has processed more than 1 trillion US dollars in capital. Prior to that, Core was the “originator” of mobile mining. It launched a free mobile mining client, which allowed players to participate in mining after registration processes such as face recognition and KYC, and introduced methods such as single person, team up, or participation in project contributions to increase user participation. This kind of gameplay is similar to many current staking projects, which also enabled Core to quickly gain tens of millions of downloads. It wasn't until December 2022 that Core officially announced the cessation of mobile phone mining. In January 2023, Core announced the launch of the main network and then launched an airdrop. According to data at the time, the number of receipts reached 4.1 billion times. With the popularity of airdrops, Core has successively landed on many mainstream exchanges such as OKX, Huobi, and Bybit. Judging from CoinGecko's price trend, CORE hit an all-time high in February 2023, which also shows its market popularity. Since then, it has continued to decline until CORE suddenly started a strong rise in the past half month, and the highest increase doubled nearly 6.9 times. Behind this transformation is its bet on the BTCFi circuit. At the end of February this year, Core released the Vision and Practice of “Unlocking Bitcoin DeFi,” a long article stating that currently the market has about 1 trillion US dollars of Bitcoin waiting to be unlocked through BTCFi, but for example, although Bitcoin's second-tier solutions can be scalable, operational complexity, capital efficiency, liquidity issues, and other technical barriers hinder large-scale adoption of Bitcoin, and the user and developer experience is too complicated. Core believes that the key to unlocking Bitcoin DeFi is to expand Bitcoin's incentive alignment from Bitcoin assets to smart contract platforms. To this end, Core announced the launch of unmanaged Bitcoin staking and Core's native Bitcoin CoreBTC encapsulation to release the $200 billion market value of BTC DeFi. Among them, unmanaged Bitcoin staking is implemented using absolute time lock technology, which allows users to directly stake within the Bitcoin ecosystem, without transferring Bitcoin to another platform or package, which can greatly improve the high level of security and trust, and can also obtain CORE tokens as passive income for Bitcoin. CoreBTC aims to create a more native encapsulated Bitcoin, so Core introduces roles such as custodians, handlers, guardians, and liquidators to achieve security, decentralization, no trust, no permission, and censorship resistance. In particular, if there is a decrease in the value of collateral compared to the value of locked Bitcoin, Core will allow liquidators to force liquidate the collateral, buy the collateral token Core at a discounted price and burn CoreBTC, thereby increasing the collateral ratio and restoring the custodian to a healthy state. Currently, CoreBTC has been officially launched and has received Halborn's security audit; atomic exchange technology based on the hashed time-lock contract HTLC can enable untrusted peer-to-peer native assets with other blockchains (such as ERC20, BRC20...

871d agody zhang#BNB Chain #Coinbase #CORE #Core chain #Huobi #Moonpay #Binance #Binance Coin #Platform coins #Bitcoin #Bitcoin

TI Rating Report - UENC

1. Project introduction UENC is an expandable basic public chain with cross-chain technology as its technical direction. The main technologies and features used include: · dPoW (Targeted Workload Proof) consensus algorithm, developed independently by the team and using C language, which avoids centralized mine problems to a certain extent; node block generation uses a random extraction mode mining method, and miners confirm the probability of their being picked through gas settings to ensure the randomness of block miners being extracted; · Hybrid network structure: using two types of nodes: public network and internal network to form a network. Theoretically, it supports any CPU for mining to a certain extent, lowering the user participation threshold to a certain extent, and randomly forming with verification nodes The transaction network is fragmented, with partial consensus to complete network-wide consensus; · The storage method has been improved to: cross-parallel storage (CPS) transaction data to form a virtual main chain, combined with distributed hash tables, to solve the high cost problems of traditional data storage methods through serial main chains; · Hierarchical networks cross-chain: network layers, consensus layers, incentive layers, etc. connected to other blockchains (such as the Bitcoin network), which aims to complete the true cross-chain of assets, but this has not yet been achieved; · Using CPU mining, which lowers the mining threshold, each mining machine node needs to pledge 500 pieces Only UENC can start mining, and excessive staking is not possible. It aims to solve three problems: improving on-chain transaction efficiency (expanding the consensus layer main chain through a standard interface); a public bookkeeping chain that is both WASM compatible and can use the UTXO model; and aims to link public chain assets with high-energy consensus algorithms across the chain to the UENC chain to achieve low-cost and fast on-chain token circulation. Construction of the project began in 2018, and a token was issued. Although it is an early project, it has not accumulated sufficient market popularity and participation. According to the project disclosure, there was no financing in the early stages. It was mainly for the team to independently fund research and development. It is expected that capital will be added in the primary market in the future through the mining sector. Ecological construction is still in its infancy. 1.1 Hybrid network structure Due to the restrictions of the three major operators in China, UENC did not use the Kademlia overlay network transmission protocol, but instead adopted a hybrid mesh network structure. Kademlia is a distributed network protocol commonly used in P2P networks. KAD for short, the transmission communication protocol UDP is used between nodes. The main function of UDP is to send IP packets, and the entire node also uses distributed hash tables (DHT). Each client is responsible for a small range of routes, and at the same time stores a small portion of data, which is connected and combined into a complete data network. UENC, on the other hand, divides network nodes into two parts: public network nodes and private network nodes. Public network nodes are a core node group, and the threshold is high: they must meet the requirements of an independent external network IP, and their hardware requirements for the CPU are also relatively high. They must be equipped with at least an 8-core processor and 8 GB of memory. Compared to intranet nodes, the threshold is low, and theoretically any CPU after networking can participate. After an intranet node enters the network, according to the description in its white paper, it must first pass an adaptation period of time (depending on the size of the network). During this period, the intranet node and the public network node request a handshake, and since the public network nodes have clear IP addresses, their respective locations can be clarified. Specific verification node information such as block height, IP address, etc. will be kept in the K bucket (Kad's routing table). Each public network node is linked to some verification nodes (intranet nodes), so only these public network nodes are connected through the network layer and the consensus layer, and each intranet node will randomly perform trusted communication with the public network node and perform communication updates from time to time to ensure the availability of internal and external network communication through a heartbeat monitoring mechanism. This network structure can effectively integrate with the fact that IP addresses are constantly changing, and is also compatible with the different network settings of the three operators, thereby satisfying home users to connect to the UENC blockchain network through their own home network. Since internal network verification nodes randomly make communication requests from public network nodes and implement updates and replacements at irregular times, the arrangement of nodes in the network changes at any time, just like a Rubik's Cube, UENC guarantees its decentralized characteristics. UENC's hybrid network structure, source: TokenInsight uses K-buckets to mark each verification node with a unique ID to ensure the authenticity of the verification node in the network. Through verification of K-bucket data, verification nodes that meet the conditions (such as pledge information, height information, etc.) are concentrated into the verification pool, using discrete random functions...

1900d agoTokenInsight#dPoW #tokenInsight #UENC #Public chain #mining #Rating Report

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