Produced by Odaily

Author | Wang Ye

Editor | Lu Xiaoming

Produced by Odaily

Author | Wang Ye

On October 28, Huang Qifan, vice chairman of the China International Economic Exchange Center, announced that the People's Bank of China is likely to be the first central bank in the world to launch a digital currency. Seeing China's statement, other European countries have also announced their layout in the field of central bank digital currency (CBDC).

Star Project Progress

In addition, Turkish President Recep Tayyip Erdogan also said last week that the Turkish government will complete testing of the national central bank digital currency (CBDC) in 2020. According to the 2020 annual presidential plan, the central bank of Turkey plans to issue a blockchain-based national digital lira.

Star Project Progress
Polkadot founder Gavin Wood: Polkadot CC1 will be launched in December

Gavin Wood, the founder of Polkadot, said in the community that Polkadot is undergoing a final audit. If everything is normal in Kusama and the audit does not find any fatal problems, then "Polkadot CC1", the candidate chain for the final mainnet, should go live in December . Like Kusama, Polkadot CC1 is rolling out in phases, and governance developments will not begin until the nodes on the chain are stable. However, since most nodes are running well on the Kusama network, there should be no major problems on Polkadot CC1. The most important parts - parachains, parathreads, and inter-chain communication will be launched after they are perfected and audited, and these functions will also be launched on Kusama first.

In the reply to the community members, Gavin said that the token DOT can be circulated on Polkadot CC1, and nodes can carry out staking, but the non-transactional transfer cannot be carried out for the time being.
Cardano Gold is suspected of being a scam, and the Cardano Foundation warns of risks

A token called Cardano Gold recently conducted its ICO, saying it will sell 600,000 tokens at $25.20 each. The project lists Enrico Campagnol as CEO and Arnab Naskar as a public sales advisor on its website, but both have tweeted that they have nothing to do with the project, calling it a scam.

The Cardano Foundation also tweeted to remind users: "Cardano Gold has nothing to do with us. It violates our registered trademark. It is illegal for Cardano Gold to use our trademark. Please be careful of this scam."

Zcash Releases Version 2.1.0, Adding New Mechanisms to Mitigate DoS Attacks

On November 7, according to official news, Zcash has released version 2.1.0. This version supports Zcash Blossom network upgrade mainnet activation, the activation block height is 653600, and the activation time is around the beginning of December. Nodes need to upgrade this version to follow up the Blossom network upgrade. This version adds a mechanism to mitigate the DoS attack problem, preventing nodes from running out of memory in the event that attackers try to congest the network with transactions. At the same time, the official mentioned that the Blossom network upgrade will implement ZIP 208, shortening the block generation time from 150 seconds to 75 seconds.

EIDOS: If the number of holders reaches 100,000, consider creating a Polkadot parachain and airdrop it to holders

According to EnuMivo's official Twitter, if there are 100,000 EIDOS holders at the end of the airdrop, they will strongly consider creating a Polkadot parallel chain (parachain) and 100% airdrop to holders. However, we must consider the distribution curve. We don't want plutocracy. We want a truly democratic chain.

Cosmos-based DeFi platform Kava mainnet officially launched

Kava, a Cosmos-based cross-chain DeFi platform, has officially launched its mainnet. Users can directly participate in network governance through the transaction and holding of KAVA tokens on the Kava main network. Kava revealed that more than 100 verification nodes will join soon after the mainnet goes live. In addition, Kava also plans to release an automatic multi-collateralized debt warehouse contract platform CDP in the future. Users can use the digital currency they hold to mortgage the stablecoin USDX, and then perform leverage or hedging operations. Kava Labs announced in March this year that it completed a financing of US$1.2 million. Last month, Kava, as the 10th project of Binance Launchpad this year, sold a total of 6,521,739 KAVA tokens, and a total of 27,126 users participated in the lottery.

The Algorand Foundation announced that the tokens redeemed in advance in August have all been destroyed

Stellar burns 55 billion lumens, about 50% of total supply

EOS Latest Developments

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The latest developments in ETH

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Recent progress of BTC

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Investment and financing overview

Please refer to OdailyBTC Weekly Report

Investment and financing overview

The Decentralized Exchange Fund (DEXTF) has raised $460,000 in a seed round. The company will use blockchain technology to increase asset management transparency. The round was led by LuneX Ventures and SGInnovate, with participation from London-based hedge fund CDAM and other undisclosed private investors. It is reported that LuneX is a blockchain-focused branch of Singapore-based Golden Gate Ventures.

http://blockchain game developer Sky Mavis completed a new round of financing of 1.465 million US dollars Sky Mavis, the developer of the blockchain collectible game Axie Infinity announced on Thursday that the company has raised 1.465 million in a new round of financing USD, led by Animoca Brands, with participation from Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups.

Blockchain game developer Sky Mavis completes a new round of financing of US$1.465 million

Sky Mavis, the developer of the blockchain game Axie Infinity, announced last week that the company has raised $1.465 million in a new round of financing led by Animoca Brands, with participation from Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups.

Arweave Raises $5M in Venture Funding Led by Andreessen Horowitz

Arweave Raises $5M in Venture Funding Led by Andreessen Horowitz
Arweave, a blockchain protocol focused on permanently storing internet information, has received $5 million in venture capital funding led by venture capital firm Andreessen Horowitz. The seed round was reportedly oversubscribed, with participation from Multicoin Capital, Union Square Ventures, 1kx and Techstars. The company's solution, permaweb, allows internet users to permanently record digital files such as web pages, emails and social media posts on its blockchain through the Arweave browser extension.

Xpring, the investment arm of Ripple, has announced an investment in Flare Networks to support new use cases for XRP. Regarding the use case of XRP, the announcement states that Flare will use XRP addresses and encryption systems to provide XRP users with a way to seamlessly interact with smart contracts on the Flare network. Xpring believes that users and developers want to leverage XRP in more use cases, and Flare Network will provide this capability to more companies and developers looking to leverage XRPL for their needs.

The Flare Network is currently in beta with early partners including Securitize, Singularity, BuenoBit, Neuhanse Network, and many more to come.