Editor's Note: This article comes fromVernacular Blockchain (ID: hellobtc), Author: Five Fireball Leader, reprinted by Odaily with authorization.
Editor's Note: This article comes from
Vernacular Blockchain (ID: hellobtc)
Vernacular Blockchain (ID: hellobtc)
, Author: Five Fireball Leader, reprinted by Odaily with authorization.
The hottest project in the past two days, Polkadot dares to say that it is second, and no one dares to say that it is the first.
It became so popular that in addition to the sudden increase in its own price, the entire ecological project also took the rocket together without stopping.
How hot is it? fire to:
2. Launched directly into the top 20, broke into the top 10 in just a few days, and is now working hard towards the top 5;
3. Huobi directly opened a Polkadot ecological zone, which has never been treated like a public chain before;
4. You may think that Polkadot is overheated and the price is too high. However, there are two major benefits waiting for Coinbase and parachain auctions. Now there are countless investors in various groups who are short-lived or feel that their positions are not enough. , do you want to catch up...Whether to chase high or not is up to the judges themselves. No one can make the decision for you when investing in this thing. This article will introduce readers to several popular projects of Polkadot ecology. After all, a public chain is not good. In addition to its own technology and structure, ecology is the core element of whether it can dominate the circle. Ethereum Such a weak TPS has still occupied the position of the boss for several years, relying on many developers and a huge ecosystem.，secondary titlePolkadot (DOT)
When it comes to ecology, it is natural to talk about Polkadot itself first. As long as Polkadot itself is not a newcomer who just entered the circle this month, everyone will definitely be welcome, so I won’t repeat here what Polkadot is.
Cross-chain duo
FounderGavin wood
He is the author of the Ethereum Yellow Paper and the inventor of Solidity. These media have long talked about rotten things.
Just a small detail:
Two days ago, I went to auction the account number on Polkadot (similar to QQ number), the interface is similar to this:
Just one Indice option has five - Claim, Forcetransfer, free, Freeze, Transfer.
There are 17 options for a transaction, and there is a feeling of using AWS for the first time...
What you should be amazed at is that Polkadot's underlying complex logic and powerful engineering capabilities have achieved these things, which cannot be seen in any public chain on the market, including ETH.
Kusama (KSM）
Just posted on the 27th, the ETH wallet little fox, Metamask, is developing Polkadot’s light wallet. Do you think that any public chain has received this treatment before? EOS does not, and neither does Cosmos.
Send another picture that you saw in the group, after reading it, you will feel more Fomo.
But it’s better to experience Polkadot’s system and interface yourself, which is more intuitive.
secondary title
Kusama is Polkadot's test network, also known as the canary network.
To put it simply, any new function deployed on Polkadot needs to be deployed on Kusama first, tested, and then migrated to Polkadot after success.
Kusama, don’t think of it as a pure test network, but as an early and highly experimental version of Polkadot that exists in a real economic environment—you can understand it as Polkadot Beta, or wavelet Card.
He has his own token system, which has skyrocketed to $30 each;
Has its own community with more than 350 validators (including many well-known investment institutions and staking institutions at home and abroad);
Dot’s 100-fold split voting and proposals are all carried out on Kusama;
Kusama will not disappear with the launch of Polkadot like other testnets. As long as the community exists, the Kusama network will always exist and will be bridged into the Polkadot network as the first batch of parachains.
Many readers are concerned about the network value of Kusama. There is actually a range here that can be roughly speculated.
Guaranteed value - 1% of the DOT value, this guarantee comes from a statement made by the Polkadot Foundation last year, that is, "1% of the DOT (100,000 DOT of the Web3 Foundation) at the time of Polkadot's creation will be reserved as a possible incentive , distributed to Kusama participants and the community".
Conventional value - As a testnet + parachain, Kusama carries the tests of many functions of Polkadot, advanced ideas, including valuable assets, etc., and is exactly the same as Polkadot at the underlying technology level. From this point of view, Kusama gets 3%-10% of DOT value, which should be a normal range. The current Kusama has a value of 5% of DOT in terms of price.
The IPO must be carried out on Kusama first, and after it is successful, it will be carried out on DOT. The time is sequential, and the price of KSM soars earlier than DOT;
PCX
Those projects that are eager to get Polkadot parachain slots will first run on Kusama, and then pursue the slot position on the Polkadot mainnet. In addition to testing functions, Kusama is very likely to be a platform for screening projects ;
Everyone thinks that the market value of DOT is too high and too expensive, and the next best thing is Fomo, which has a smaller market value than Kusama.
Of course, in the long run, about 10% of the DOT value should be a long-term value capture range for Kusama.
secondary title
It may be the first Polkadot ecological project to come into everyone's attention, and it is also a project of our people.
In fact, the current DeFi liquidity mining, PCX did a very similar thing last year.
What is the current liquidity mining like? Take Sweet Potato YAM as an example:
Pool 1 mortgages mainstream currencies such as ETH, LEND, and MKR to mine YAM; pool 2 opens one day later, using the ETH/YAM 1:1 liquidity proof provided on Uniswap to mine YAM.
To put it simply, Pool 1 has no principal risk, but digging is slow. Pool 2 has principal risk (YAM plummets, the ETH you provided is gone, and replaced with a lot of YAM), but mining is much faster, high Risks, high returns, many investors in pool 2 suffered heavy losses because of a bug in the line of YAM code, and YAM plummeted.
PCX did something similar last year. First, it opened the mortgage of BTC to mine PCX, and then opened the mortgage of PCX to mine more PCX. However, DEX was not popular at that time, and it was not strictly "liquidity mining". At that time, PCX Also because of "mortgaging PCX to mine PCX", the price first spiraled up to 30 US dollars, and then fell back to 1 US dollar in a death spiral.
With the recent popularity of REN and various cooperation with Polkadot, within the ecology, PCX and REN must have a battle.
Edgeware
The advantage of REN is that it is quite well-known, RenBTC has exceeded 10,000, and it is about to grow into a unicorn-like project in the Ethereum ecology.
The advantage of PCX is that Polkadot is native, and if it exists as a parachain, it is naturally more suitable.
Which one is better or worse will be known within 1 year.
secondary title
As a cross-chain project, Polkadot itself does not support smart contracts by default, and smart contracts are all realized through parachains.
Acala
As the first smart contract chain, Edgeware is doing a very interesting thing - governance, or: DAO.
The concept of Dao has recently followed the Defi fire. The leading ANT recently joined the three major exchanges, and then the currency price has also soared.
secondary title
Stafi
It can be said that it is the first brother in the current Polkadot ecosystem. Although the currency has not yet been issued, the test network is already available. Interested readers can experience it.
A big bull in the Polkadot ecology said that what Acala basically does is MakerDAO+Compound+Uniswap+SNX. In one system, stablecoin casting, lending, DEX, and derivatives are all done...
This...is a bit strong. Of course, it is said that the valuation after the coin is issued is also very high. If it is really done, it is worth the valuation.
secondary title
To put it simply, the security of ETH2.0, XTZ, ADA, Cosmos, Polkadot and other PoS public chains needs to be guaranteed by staking, whether you are worried that the coins in your hand will be diluted by additional issuance, or you want to protect the network Many people will choose Stake to contribute to its security. However, like ATOM, the redemption period takes 21 days. During this period, no matter whether the currency price rises or falls, you can only stare blankly. Like the wave of 312, many pledged users suffered heavy losses.
Akropolis
So is there a way to get 100% liquidity while choosing Staking?
The founder, Kabaa, the founder of Wetez, is known by many people in the circle. It may be the team that understands the PoS consensus best in China, and it is also one of the most well-known Staking agency service providers in China.
MoonBeam
secondary title
It should be the first DeFi project on Polkadot. It focuses on informal financial agreements. It wants to provide customers with basic financial services (savings, investment, pensions, social insurance, etc.) through the blockchain. Pension plans are the main focus. There is a little bit of "non-mainstream" Defi.
This project was Huobi's 1EO at the beginning. After experiencing the familiar "opening is the peak", it left a lot of feathers, which led to a bad reputation. However, with the popularity of Polkadot and Defi this year, as Polkadot's first A Defi project, the performance is still quite good, and recently started the popular liquidity mining, so it is estimated that there will still be performance in the future.
Moonbeam is not well-known, but it is important in theory, why.
XOR（Sora）
Just look at the introduction of moonbeam - MoonBeam is a developer-oriented blockchain that strives to provide compatibility with existing Ethereum developer tools and networks. It does this by providing a full EVM implementation, a Web3-compatible API, and a bridge to connect MoonBeam to existing Ethernet. This allows developers to deploy existing solid smart contracts and DAPP frontends to MoonBeam with minimal changes.
You see, if Polkadot wants to be an "ETH killer", the first step is to be a "friend of ETH", so that developers who are accustomed to ETH and Solidity can easily modify the existing contracts and deploy them on On Polkadot, it is estimated that it will not be unsuitable to directly develop on Polkadot.
Then, when many projects and developers on ETH do this, it is time for Polkadot to challenge the hegemony of ETH...
secondary title
This... might be a divine coin.
Let’s talk about the price first, which has almost 1,000 times in the past few months, and only YFI can match it.
The reason is that this coin was issued with more than 1.6 billion at the beginning, many of which were distributed for free. Later, it took tens of thousands of coins to Uniswap for price discovery, and it soared from 0.1 to more than 100 US dollars in just 2 to 3 months.
What to do with the following tokens, the official only way is, in short, it is very complicated, and 4 tokens are used to form the system.
