Editor's note: Part of this article is compiled fromthe defiantEditor's note: Part of this article is compiled from
, Author: Camila Russo, also compiled by Odaily Wang
A few days ago, the Odaily Sunday Daily made a series of special reports on this year's DevCon. Friends who want to know the conference schedule or daily highlights can click:"What to watch | Devcon, the annual Ethereum developer conference"。
Next, let's take a look at the important content published by the bigwigs on the second day of the conference:
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MakerDAO announced that Multi-Collateral Dai (MCD) will be officially launched on November 18
The most important news on the second day of the conference came from Rune Christensen, the founder of MakerDAO. Rune announced at DevCon that multi-collateral Dai will be officially launched on November 18.
In his speech, Rune introduced the next development direction of DeFi, and emphasized the importance of the decentralized governance of the Maker protocol to this launch. He suggested that all MKR holders conduct a governance vote on November 15, and the system will be officially activated after the executive vote is passed.
Multi-collateral Dai will bring many new features to the Maker protocol, including the long-awaited Dai deposit rate (DSR), and more collateral types.
The official launch of Multi-Collateral Dai is a huge milestone for MakerDAO and DeFi. The Dai deposit rate not only allows users who hold Dai to earn interest, but also makes it easier and more economically incentive for various DeFi applications to integrate the Maker protocol.
Since MakerDAO launched in 2015, the developer of the largest lending protocol responsible for decentralized finance and issuer of the stablecoin Dai has been planning to expand the collateral behind Dai beyond the ethereum network.
Multi-collateral is important because it increases the liquidity of Dai, thus enabling financial decentralization. Diverse collateral makes Dai more stable and has the potential to increase the number of use cases for mortgage loans, especially if token holders decide to use real-world assets such as real estate and stocks as collateral (currently this topic is more controversial) .
Rune believes that DeFi has now encountered a big gap, and DeFi has reached a stage where it needs to bridge the gap between experiments that look cool and actual linking applications that improve people's lives. In his view, composability (the ability for projects to build on each other), tokenized real assets (which will increase liquidity), and synthetic assets (which will drive demand) will make this possible.
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How cryptocurrencies can withstand 50% inflation”
Mariano Conti, head of smart contracts at the MakerDAO Foundation, delivered a speech titled “How Crypto Can Help Me Protect Against 50% Inflation,” one of the most popular speeches today.
Mariano Conti believes that the encrypted economy, more specifically, decentralized finance and Dai can effectively improve people's daily lives, not just help investors make money.
Since 2014, Mariano has been making money in cryptocurrencies to avoid converting the dollar revenue he earns from foreign clients into dollars at the official rate, which is far lower than the actual black market rate. Mariano first invested in Bitcoin, and then invested in ETH, which rose in 2016, and Dai, which became popular last year.
In his speech, Mariano showed that he is a firm believer in ETH. He said at the meeting that he had exchanged all the cryptocurrencies in his hands for ETH.
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Libra is being "forked"
Facebook's blockchain project Libra is being "forked" by a new project, OpenLibra.
OpenLibra was founded by Lucas Geiger, co-founder of blockchain infrastructure company Wireline, and claims to be a "permissionless version" of Libra.
"We will fork the Libra code, fork the Libra community, and create a new cryptocurrency called OpenLibra, but there will be no token sale, and there will be no company or equity behind OpenLibra," Geiger said at DevCon.
Some mischievous Twitter netizens commented on Geiger's speech: It's a pity that OpenLibra can't fork Facebook users..."A bunch of star blockchain projects, cooperate to make a copycat version of Libra"。
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Other exciting content:
Danny Ryan, a researcher at the Ethereum Foundation, expressed his views on ETH2.0. Danny said that the way ETH2.0 handles state and state execution is a "stateless (stateless)" method, that is, the block must include the default state of the relevant state. Merkle witnesses are required to complete the execution of the transaction. This would reduce the amount of state any consensus node would have to store, but it does raise other questions about the size of the state, who stores the state, how users get it, etc.
This "stateless" execution method also applies to ETH1.0.
