保罗密语

I. What Does It Solve?
In our previous introduction about Kaia, we discussed the rise of TON in 2024 but did not mention the issues surrounding TON. Today, through this article, I will address the current issues with TON.
Performance and Scalability Issues: Although TON is a blockchain network aimed at high performance and low costs, its native ecosystem has not yet fully met the needs of mainstream blockchain developers.
Interoperability: Ethereum and Bitcoin are significant players in the blockchain space, possessing rich liquidity and user bases. Currently, TON is not yet able to effectively attract these players.

1. The rise of TON
2024 is a shining year for TON. Multiple tokens of the TON ecosystem (such as NOT) have been launched on the mainstream exchange Binance. As the current TOP1 centralized exchange, Binance will bring a lot of new funds and a large number of users to this project and ecosystem every time a project is launched. The tokens of the TON ecosystem have been launched on Binance one after another, which not only brings higher market exposure to the TON ecosystem and tokens, but also directly promotes the growth of TON's trading volume.

We have captured the price changes of TON in 2024 above. At the beginning of this year, the price was around 2 US dollars. With the rise of the ecosystem, the price reached around 8 US dollars in the middle of the year. At the same time, the market value also ranked among the top ten in the world. It is currently stable at around 5 US dollars.

Hello everyone, I'm Paul Miyi, a small programmer. This is our 10th day of learning blockchain from scratch together (if you're interested in blockchain technology, feel free to follow me and learn together). Today we want to talk about clips.
A 'clip' is a term in the cryptocurrency field, usually used to describe a dilemma created by exploiting vulnerabilities in smart contracts, arbitrage strategies, or user behavior in certain DeFi or blockchain operations. Clip bots (also known as MEV, Miner Extractable Value) are automated programs that profit by taking advantage of the order of blockchain transactions and price fluctuations.

Hello everyone, I am Paul Miyu, a young programmer. This is the 9th day of us learning blockchain from scratch with you (if you are interested in blockchain technology, you can follow me and learn together). Today we want to talk to you about DEX and CEX.
1. What is CEX and what is DEX?
In the field of blockchain, CEX (Centralized Exchange) and DEX (Decentralized Exchange) are the two main forms of crypto asset trading. There are significant differences between the two in terms of operation, user experience, and technical features.
1.1 CEX (Centralized Exchange)

Hello everyone, I am Paul Miyi, a small programmer. Here are our 8 days of learning blockchain from scratch together (if you are interested in blockchain technology, you can follow me for joint learning). Today, we want to talk about BTC.
Bitcoin (BTC) is the world's first cryptocurrency based on blockchain technology and is the starting point and cornerstone of the entire blockchain industry. It is not only the highest market capitalization digital asset but also a symbol of faith for global cryptocurrency investors and developers.
1. The Birth and Mission of Bitcoin

Hello everyone, I am Paul Miyi, a small programmer. Here is our 7th day of learning blockchain from scratch together (if you are interested in blockchain technology, you can follow me and learn together). Today we want to talk about arbitrage (also known as '搬砖').
1. What is Arbitrage
In the blockchain and cryptocurrency field, 'arbitrage' is a common trading strategy that refers to exploiting price differences between different markets or platforms to conduct buy and sell operations and profit from the price differences. This strategy is typically used between different exchanges or between different markets within the same exchange.

Hello everyone, I am Paul Miyi, a small programmer, and this is the 6th day of learning blockchain from scratch together (if you are interested in blockchain technology, you can follow me for shared learning). Today, we want to talk about transaction slippage.
In decentralized exchanges (DEXs) on the blockchain, transaction slippage refers to the deviation between the user's actual trading price and the expected trading price. It is a common phenomenon on DEXs, especially in cases of low liquidity or high trading volume.

Hello everyone, I am Paul Mi, a small coder, and this is day 5 of learning blockchain from scratch together with you (if you are interested in blockchain technology, you can follow me for joint learning). Today, we want to talk about what LPS (Liquidity Pools) are.
1. What are Liquidity Pools
Liquidity Pools (LPs) are pools composed of two or more assets deposited by users (commonly known as liquidity providers, LP). Liquidity pools provide trading pairs through the Automated Market Maker (AMM) algorithm (for example, ETH/USDC, USDT/DAI, BTC/ETH, etc.). Unlike traditional order book exchanges, AMMs do not rely on matching buyer and seller orders but use the funds in liquidity pools to achieve price discovery and execute transactions.

Hello everyone, I am Paul Miyu, a small coder. If you are interested in blockchain technology, you can follow me and learn together. Today I want to talk to you about a funny thing that happened yesterday. It is said that some of the mnemonics of Satoshi Nakamoto’s Genesis wallet were cracked. Today we will take this opportunity to tell you the basic concepts. After listening, you probably know what’s going on.

1. The Origin of Bitcoin
We all know that Bitcoin (BTC) is a decentralized digital currency proposed by a mysterious person with the pseudonym Satoshi Nakamoto in 2008. Its creation is aimed at responding to the shortcomings of the traditional financial system exposed by the global financial crisis. The core concept of Bitcoin is to achieve peer-to-peer transactions through blockchain technology and eliminate dependence on central institutions (such as banks).

Hello everyone, I am Paul Miyu, a little coder. This is the 4th day of us learning blockchain from scratch with you (if you are interested in blockchain technology, you can follow me and learn together). Today we want to tell you what a Pixiu plate is.

1. Pixiu
Pixiu is an auspicious animal in traditional Chinese culture and has been endowed with many unique characteristics and symbolic meanings in myths and legends. Among them, "only entering but not exiting" is its most significant feature, which is closely related to its role in Feng Shui and the meaning of wealth.

Hello everyone, I am Paul Mi Yu, a small coder. This is our third day learning blockchain from scratch together (if you are interested in blockchain technology, you can follow me and learn together). Today, we will talk about what market maker trial trading is.

Market maker trial trading is an operational technique in the stock or cryptocurrency market, mainly referring to the main funds (or market makers) testing the reactions of retail investors or other investors and the distribution of market buying and selling forces through specific trading behaviors. It is a way to analyze market conditions and provides reference for market makers' subsequent large-scale operations.

Hello everyone, I am Paul Miyi, a small coder. This is our second day of learning blockchain from scratch. Today we will talk about what the Fear and Greed Index is.

I. What is the Fear and Greed Index?
The Fear and Greed Index quantitatively measures market sentiment, reflecting the psychological changes of investors in the market:
Fear: Investors are uneasy, worried about market declines, and tend to sell assets.
Greed: Investors are overly optimistic, rushing to buy, which may lead to asset prices being overestimated.

Hello everyone, I am Paul Miyi, a small coder. This is the first day of learning blockchain from scratch. We will continue to update blockchain knowledge points. Today we will discuss what is coin-based and U-based.
The concepts of coin-based and U-based, as well as their evolution, represent different stages of cryptocurrency trading. The following will detail these two models from definitions, historical evolution, trading logic, and specific cases.
I. Coin-based: Trading logic based on cryptocurrencies
1. Definition
Coin-based is a trading method centered on cryptocurrencies (like BTC, ETH), where profit and loss settlements and margin reserves are measured in cryptocurrencies.