RenAshbell
因链而元界，有你而FI
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The 2023 Shenzhen International Fintech Festival opens!
Blockchain technology leads financial innovation and change
On November 29, the 2023 Shenzhen International FinTech Festival grandly opened at the Shenzhen Convention and Exhibition Center. This is the second consecutive annual special event held in Shenzhen, following the Jinke Festival held in 2022 as the first local government in mainland China. With the theme of "Digital Finance, Financial Digital Intelligence", this year's Jinke Festival focuses on the application and development of blockchain technology in the financial field, aiming to promote the implementation of financial technology and explore development prospects, and strengthen the domestic and foreign financial technology fields. exchanges and cooperation.
Blockchain technology is a securely shared, decentralized data ledger that can record transactions, track assets and build trust. Blockchain technology supports a specific group of participants to share data, ensuring data integrity through a single information source, eliminating data duplication and improving data security. Blockchain technology can realize data recording and on-chain data traceability without relying on a credit-granting third party. Through the data communication and trusted value exchange of the peer-to-peer network, it is very powerful against all attacks directed at the system center controller. Resistance.
On November 29, the 2023 Shenzhen International FinTech Festival grandly opened at the Shenzhen Convention and Exhibition Center. This is the second consecutive annual special event held in Shenzhen, following the Jinke Festival held in 2022 as the first local government in mainland China. With the theme of "Digital Finance, Financial Digital Intelligence", this year's Jinke Festival focuses on the application and development of blockchain technology in the financial field, aiming to promote the implementation of financial technology and explore development prospects, and strengthen the domestic and foreign financial technology fields. exchanges and cooperation.
Blockchain technology is a securely shared, decentralized data ledger that can record transactions, track assets and build trust. Blockchain technology supports a specific group of participants to share data, ensuring data integrity through a single information source, eliminating data duplication and improving data security. Blockchain technology can realize data recording and on-chain data traceability without relying on a credit-granting third party. Through the data communication and trusted value exchange of the peer-to-peer network, it is very powerful against all attacks directed at the system center controller. Resistance.
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University of Science and Technology of China and Tencent Youtu Lab develop AI error correction tool "Woodpecker"
introduction
The rapid development of artificial intelligence (AI) has brought revolutionary changes in many fields, but problems have also gradually emerged. One of the key issues is the "hallucination" phenomenon of AI models, that is, the tendency of models to produce high-confidence outputs without training data. This problem is particularly significant in large language model (LLM) research. However, a team of scientists from the University of Science and Technology of China (USTC) and Tencent Youtu Lab recently developed a tool called "Woodpecker" to correct this problem. This article will introduce in detail the technology behind the Woodpecker tool, its application, and its significant improvements in transparency and accuracy of AI models.
The rapid development of artificial intelligence (AI) has brought revolutionary changes in many fields, but problems have also gradually emerged. One of the key issues is the "hallucination" phenomenon of AI models, that is, the tendency of models to produce high-confidence outputs without training data. This problem is particularly significant in large language model (LLM) research. However, a team of scientists from the University of Science and Technology of China (USTC) and Tencent Youtu Lab recently developed a tool called "Woodpecker" to correct this problem. This article will introduce in detail the technology behind the Woodpecker tool, its application, and its significant improvements in transparency and accuracy of AI models.
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Clearpool launches OP mainnet, bringing new opportunities to the decentralized lending market
introduction
On October 25, 2023, the decentralized lending market Clearpool announced that it would be launched on the Optimism mainnet. Clearpool is currently deployed on Ethereum, Polygon and Polygon zkEVM. The launch of OP mainnet will further expand its market coverage and bring new opportunities to the decentralized lending market.
Decentralized lending market Clearpool will be launched on OP mainnet
The decentralized lending market (DeFi lending market) is an important innovation in the blockchain field. It allows users to deposit, borrow and earn interest on assets without relying on intermediaries. According to data from DeFi Pulse, the total locked value (TVL) of the DeFi lending market currently exceeds $80 billion, accounting for nearly 40% of the total TVL of DeFi. Among them, the Ethereum network is the main platform in the DeFi lending market, with the largest number of users and projects.
On October 25, 2023, the decentralized lending market Clearpool announced that it would be launched on the Optimism mainnet. Clearpool is currently deployed on Ethereum, Polygon and Polygon zkEVM. The launch of OP mainnet will further expand its market coverage and bring new opportunities to the decentralized lending market.
Decentralized lending market Clearpool will be launched on OP mainnet
The decentralized lending market (DeFi lending market) is an important innovation in the blockchain field. It allows users to deposit, borrow and earn interest on assets without relying on intermediaries. According to data from DeFi Pulse, the total locked value (TVL) of the DeFi lending market currently exceeds $80 billion, accounting for nearly 40% of the total TVL of DeFi. Among them, the Ethereum network is the main platform in the DeFi lending market, with the largest number of users and projects.
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The Compatibility of Bitcoin and Central Bank Digital Currency - Mexican Senator Indira Kempis’ Digital Currency Vision
introduction
Mexican Senator Indira Kempis has previously worked to introduce a central bank digital currency (CBDC) bill, and now she is pushing Bitcoin to become part of her political agenda. In her original bill, the country’s central bank would be the sole issuer of the digital currency. Sensing strong opposition from the crypto community to the introduction of a CBDC, Kempis modified the proposal to include Bitcoin. Her goal is to create a legal framework that would allow the country to recognize and accept Bitcoin as legal tender. Despite facing both positive and negative attention, Kempis remains determined to push the bill forward.
Mexican Senator Indira Kempis has previously worked to introduce a central bank digital currency (CBDC) bill, and now she is pushing Bitcoin to become part of her political agenda. In her original bill, the country’s central bank would be the sole issuer of the digital currency. Sensing strong opposition from the crypto community to the introduction of a CBDC, Kempis modified the proposal to include Bitcoin. Her goal is to create a legal framework that would allow the country to recognize and accept Bitcoin as legal tender. Despite facing both positive and negative attention, Kempis remains determined to push the bill forward.
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Polygon Labs launches new token POL, designed to replace MATIC
introduction
Polygon Labs, the company behind the popular Layer 2 scaling solution Polygon, announced the launch of its new token POL on the Ethereum mainnet. The new token is intended to replace the current token MATIC, but the team stated that users currently do not need to exchange MATIC for POL. The POL token upgrade is now live on the Ethereum mainnet. According to blockchain data, the new token was created at 09:06 UTC on October 25, with the full name “Polygon Ecosystem Token”.
The Polygon team claims that POL will power a zero-knowledge-based second layer chain by implementing a “re-staking protocol” that allows token holders to stake on multiple chains, performing multiple functions simultaneously. The team emphasized that POL is not currently used in any system on the Polygon network. Staking on Polygon PoS and Polygon zkEVM is still done through the old token MATIC, and gas fees on the PoS network are still paid by MATIC. Therefore, users, validators and application developers currently do not need to redeem MATIC for POL.
Polygon Labs, the company behind the popular Layer 2 scaling solution Polygon, announced the launch of its new token POL on the Ethereum mainnet. The new token is intended to replace the current token MATIC, but the team stated that users currently do not need to exchange MATIC for POL. The POL token upgrade is now live on the Ethereum mainnet. According to blockchain data, the new token was created at 09:06 UTC on October 25, with the full name “Polygon Ecosystem Token”.
The Polygon team claims that POL will power a zero-knowledge-based second layer chain by implementing a “re-staking protocol” that allows token holders to stake on multiple chains, performing multiple functions simultaneously. The team emphasized that POL is not currently used in any system on the Polygon network. Staking on Polygon PoS and Polygon zkEVM is still done through the old token MATIC, and gas fees on the PoS network are still paid by MATIC. Therefore, users, validators and application developers currently do not need to redeem MATIC for POL.
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How is the domestic blockchain industry? Is there any knowledgeable person who can tell me?
Domestic blockchain development still has to go through several ups and downs.
The current status of domestic blockchain
1. At present, most people entering the blockchain industry in China are financial people. If domestic people are interested in finance, please refer to the A-shares in October 2023;
2. Due to the sanctions imposed by the United States, domestic technology companies are currently transforming into technology development companies. For mobile phones, please refer to Huawei. For recent news, please refer to the graphics card sanctions list. Therefore, in some fields of science and technology, countries do not have spare money to engage in blockchain. Getting rid of the beautiful country’s technological dominance as soon as possible is the main strategy in the field of science and technology, and the secondary one is blockchain. Although the two are strategically carried out at the same time, we can see with the naked eye the rapid development of domestic hardware in recent years. On the other hand, DCEP has been promoted for several years and has not made any big moves;
3. Blockchain is still decentralized. There are relevant departments in China that are developing and researching blockchain. However, it is impossible to allow a large number of domestic companies to go on-chain and chain up until the relevant departments cannot fully control the blockchain.
For the host
Judging from the poster's statement, he should be a college student. If he graduates in the past two or three years, he will be in the very early stage of the development of blockchain in China. If you look at employment, it is best to join a state-owned enterprise to develop and research blockchain. You will become a second-level veteran. Yes, because the first-level veteran is currently studying DCEP.
It is not recommended if you are starting a business or working in a private company.
First of all, if you start a business, people in this circle are very repulsive to blockchain projects made by Chinese people. Most of the people who make money in China, except CX, are made by domestic people playing foreign projects. There are exceptions, such as Lao Lu’s CKB, but Lao Lu also came from Imtoken’s foreign Ethereum community, not domestic.
Secondly, if you work in domestic private companies, developers will not stay in a blockchain company for a long time. Basically, they will change companies in a few months, which is very unstable, but very profitable. If you know the RUST language, those with high annual salaries may have an annual salary of one million. If you want to be a little more stable, domestic blockchain private companies are generally foundations, which means that financial personnel will serve for a long time, rather than technical personnel.
Domestic blockchain development still has to go through several ups and downs.
The current status of domestic blockchain
1. At present, most people entering the blockchain industry in China are financial people. If domestic people are interested in finance, please refer to the A-shares in October 2023;
2. Due to the sanctions imposed by the United States, domestic technology companies are currently transforming into technology development companies. For mobile phones, please refer to Huawei. For recent news, please refer to the graphics card sanctions list. Therefore, in some fields of science and technology, countries do not have spare money to engage in blockchain. Getting rid of the beautiful country’s technological dominance as soon as possible is the main strategy in the field of science and technology, and the secondary one is blockchain. Although the two are strategically carried out at the same time, we can see with the naked eye the rapid development of domestic hardware in recent years. On the other hand, DCEP has been promoted for several years and has not made any big moves;
3. Blockchain is still decentralized. There are relevant departments in China that are developing and researching blockchain. However, it is impossible to allow a large number of domestic companies to go on-chain and chain up until the relevant departments cannot fully control the blockchain.
For the host
Judging from the poster's statement, he should be a college student. If he graduates in the past two or three years, he will be in the very early stage of the development of blockchain in China. If you look at employment, it is best to join a state-owned enterprise to develop and research blockchain. You will become a second-level veteran. Yes, because the first-level veteran is currently studying DCEP.
It is not recommended if you are starting a business or working in a private company.
First of all, if you start a business, people in this circle are very repulsive to blockchain projects made by Chinese people. Most of the people who make money in China, except CX, are made by domestic people playing foreign projects. There are exceptions, such as Lao Lu’s CKB, but Lao Lu also came from Imtoken’s foreign Ethereum community, not domestic.
Secondly, if you work in domestic private companies, developers will not stay in a blockchain company for a long time. Basically, they will change companies in a few months, which is very unstable, but very profitable. If you know the RUST language, those with high annual salaries may have an annual salary of one million. If you want to be a little more stable, domestic blockchain private companies are generally foundations, which means that financial personnel will serve for a long time, rather than technical personnel.
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The Hong Kong Monetary Authority is recruiting a deputy director of financial technology to assist in the development of innovative central bank digital currency projects
introduction
According to recruitment information disclosed on the official website of the Hong Kong Monetary Authority, the Fintech Promotion Office under the regulatory agency has launched the position of Associate Fintech Director. According to the recruitment information, this position requires assisting in the development of central bank digital currency (CBDC). ) and other fintech initiatives, monitor and provide regular updates on international and domestic technology trends and the development of central bank digital currencies and other key fintech initiatives, and develop strategic partnerships with the financial industry to ensure the successful adoption of projects and initiatives.
According to recruitment information disclosed on the official website of the Hong Kong Monetary Authority, the Fintech Promotion Office under the regulatory agency has launched the position of Associate Fintech Director. According to the recruitment information, this position requires assisting in the development of central bank digital currency (CBDC). ) and other fintech initiatives, monitor and provide regular updates on international and domestic technology trends and the development of central bank digital currencies and other key fintech initiatives, and develop strategic partnerships with the financial industry to ensure the successful adoption of projects and initiatives.
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Bitcoin halving is less than 180 days away (6 months): A new dawn for digital gold is coming
Bitcoin, as a digital currency, has always attracted much attention. Since its birth in 2009, it has experienced many fluctuations, but each time it has continued to attract the attention of investors, miners, and ordinary users. One of the notable factors is Bitcoin’s halving event, an important mechanism designed to control Bitcoin’s supply and increase scarcity. In this article, we will take a deeper look at the Bitcoin halving, specifically the timing of the next halving which is less than 180 days (6 months) away.
What is Bitcoin Halving?
The Bitcoin halving is an important protocol for Bitcoin and occurs every 210,000 blocks (approximately four years). During each halving event, Bitcoin’s block reward is cut in half, meaning miners will receive fewer Bitcoins as a reward for validating transactions and securing the network. The purpose of this mechanism is to limit the supply of Bitcoin, mimicking the scarcity of finite resources like gold, thereby increasing its value.
What is Bitcoin Halving?
The Bitcoin halving is an important protocol for Bitcoin and occurs every 210,000 blocks (approximately four years). During each halving event, Bitcoin’s block reward is cut in half, meaning miners will receive fewer Bitcoins as a reward for validating transactions and securing the network. The purpose of this mechanism is to limit the supply of Bitcoin, mimicking the scarcity of finite resources like gold, thereby increasing its value.
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Supporting the Polkadot Ecosystem: Web3 Foundation’s CHF 20 Million and DOT 5 Million Investment Plan
introduction
On October 10, 2023, the Web3 Foundation, the Polkadot development organization, announced an ambitious plan to support teams and individuals who actively contribute to the successful development of Polkadot. This plan will be officially launched in 2024, with a total investment of 20 million Swiss francs planned, and 5 million DOT tokens will also be provided. This move not only represents the Web3 Foundation’s trust and commitment to the Polkadot ecosystem, but will also have a profound impact on the entire blockchain industry. This article will take a deep dive into the Web3 Foundation’s investment plans and what it means for Polkadot and the blockchain space as a whole.
On October 10, 2023, the Web3 Foundation, the Polkadot development organization, announced an ambitious plan to support teams and individuals who actively contribute to the successful development of Polkadot. This plan will be officially launched in 2024, with a total investment of 20 million Swiss francs planned, and 5 million DOT tokens will also be provided. This move not only represents the Web3 Foundation’s trust and commitment to the Polkadot ecosystem, but will also have a profound impact on the entire blockchain industry. This article will take a deep dive into the Web3 Foundation’s investment plans and what it means for Polkadot and the blockchain space as a whole.
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Understanding the complex relationship between China’s real estate market and the cryptocurrency market
introduction
According to data released by the National Bureau of Statistics:
From January to April 2023, the national real estate development investment was 3,551.4 billion yuan, a year-on-year decrease of 6.2%; of which, residential investment was 2,707.2 billion yuan, a decrease of 4.9%. This shows that investment in real estate development is showing a downward trend, which is affected by policy regulation and market demand. From January to April 2023, the national commercial housing sales area was 389.95 million square meters, a year-on-year decrease of 5.8%; of which, the residential sales area was 301.01 million square meters, a decrease of 6.7%. This shows that demand in the real estate market has declined, while the rise in housing prices has gradually slowed down. From January to April 2023, national commercial housing sales were 4,742.7 billion yuan, a year-on-year increase of 0.8%; of which, residential sales were 3,665.4 billion yuan, an increase of 0.2%. This reflects that the price level of the real estate market is relatively stable, but there is also a certain degree of differentiation. From January to April 2023, the national commercial residential inventory area was 586 million square meters, a year-on-year increase of 11.9%. This means that the real estate market is under greater supply pressure and the process of destocking needs to be accelerated. In early 2023, China ushered in the end of the attack by the Omicron mutant strain of the novel coronavirus, which led to the implementation of lockdown measures in many cities and affected transaction activity and consumer confidence in the real estate market. In order to stimulate the economy and the property market, the central and local governments have introduced a series of loose policy measures.
According to data released by the National Bureau of Statistics:
From January to April 2023, the national real estate development investment was 3,551.4 billion yuan, a year-on-year decrease of 6.2%; of which, residential investment was 2,707.2 billion yuan, a decrease of 4.9%. This shows that investment in real estate development is showing a downward trend, which is affected by policy regulation and market demand. From January to April 2023, the national commercial housing sales area was 389.95 million square meters, a year-on-year decrease of 5.8%; of which, the residential sales area was 301.01 million square meters, a decrease of 6.7%. This shows that demand in the real estate market has declined, while the rise in housing prices has gradually slowed down. From January to April 2023, national commercial housing sales were 4,742.7 billion yuan, a year-on-year increase of 0.8%; of which, residential sales were 3,665.4 billion yuan, an increase of 0.2%. This reflects that the price level of the real estate market is relatively stable, but there is also a certain degree of differentiation. From January to April 2023, the national commercial residential inventory area was 586 million square meters, a year-on-year increase of 11.9%. This means that the real estate market is under greater supply pressure and the process of destocking needs to be accelerated. In early 2023, China ushered in the end of the attack by the Omicron mutant strain of the novel coronavirus, which led to the implementation of lockdown measures in many cities and affected transaction activity and consumer confidence in the real estate market. In order to stimulate the economy and the property market, the central and local governments have introduced a series of loose policy measures.
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Argentina’s capital to launch digital identity protocol QuarkID based on zkSync Era
QuarkID: digital identity protocol based on zkSync Era
Summary
Buenos Aires, the capital of Argentina, will launch QuarkID, an open source digital identity protocol based on blockchain, to simplify the process for local citizens to access public services. QuarkID wallet is jointly developed by Extrimian, an on-chain digital identity solution company, and Matter Labs, a zkSync Era development company. It integrates document storage through the zkSync Era chain framework, and zkSync Era serves as the settlement layer of the QuarkID platform. QuarkID’s complete roadmap will be released by the end of the year.
Buenos Aires citizens will be able to download the protocol’s native wallet to receive important personal documents such as birth and marriage certificates. Starting in November, citizens will be able to obtain proof of income and education in their digital wallets.
Summary
Buenos Aires, the capital of Argentina, will launch QuarkID, an open source digital identity protocol based on blockchain, to simplify the process for local citizens to access public services. QuarkID wallet is jointly developed by Extrimian, an on-chain digital identity solution company, and Matter Labs, a zkSync Era development company. It integrates document storage through the zkSync Era chain framework, and zkSync Era serves as the settlement layer of the QuarkID platform. QuarkID’s complete roadmap will be released by the end of the year.
Buenos Aires citizens will be able to download the protocol’s native wallet to receive important personal documents such as birth and marriage certificates. Starting in November, citizens will be able to obtain proof of income and education in their digital wallets.
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The 9th Blockchain Global Summit concluded: Exploring new opportunities and challenges of Web3.0
On September 20, 2023, the 9th Blockchain Global Summit hosted by Wanxiang Blockchain Laboratory concluded successfully at the W Hotel on the Bund in Shanghai. With the theme of "Next Stop, Web3.0", this summit focuses on popular technologies and popular applications such as Web3.0, AI, DePIN, cloud computing, etc., and invites outstanding developers, experts, scholars and well-known entrepreneurs at home and abroad. They jointly discussed the new achievements, new trends and new concepts of the blockchain industry.
during the meeting
The summit is divided into two days. The first day mainly focuses on in-depth sharing and discussion on the technical aspects of Web3.0 such as infrastructure, security, privacy, and scalability. The second day focused on the application scenarios, business models, social impact and other practical aspects of Web3.0 for case presentations and exchange of views.
during the meeting
The summit is divided into two days. The first day mainly focuses on in-depth sharing and discussion on the technical aspects of Web3.0 such as infrastructure, security, privacy, and scalability. The second day focused on the application scenarios, business models, social impact and other practical aspects of Web3.0 for case presentations and exchange of views.
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Taiwan Cryptocurrency Association establishes communication channel with El Salvador to promote virtual asset regulation
introduction
The Taiwan Crypto Association (TCA) recently announced that it has established a formal partnership with the Virtual Asset Authority (VAA), the Central Bank of El Salvador (BCES) and the Presidential Palace (Presidency of El Salvador). Communication channels to promote cooperation and exchanges between the two countries in the field of cryptocurrency. TCA stated that the association will provide technical and policy support to El Salvador to help it establish a sound regulatory framework for virtual assets.
main content
El Salvador is the first country in the world to make Bitcoin a legal tender. The country passed the Bitcoin Law in June 2023, stipulating that from September 7, all economic entities must accept Bitcoin as a method of payment. The bill aims to promote financial inclusion, create jobs, increase economic growth and attract foreign investment.
The Taiwan Crypto Association (TCA) recently announced that it has established a formal partnership with the Virtual Asset Authority (VAA), the Central Bank of El Salvador (BCES) and the Presidential Palace (Presidency of El Salvador). Communication channels to promote cooperation and exchanges between the two countries in the field of cryptocurrency. TCA stated that the association will provide technical and policy support to El Salvador to help it establish a sound regulatory framework for virtual assets.
main content
El Salvador is the first country in the world to make Bitcoin a legal tender. The country passed the Bitcoin Law in June 2023, stipulating that from September 7, all economic entities must accept Bitcoin as a method of payment. The bill aims to promote financial inclusion, create jobs, increase economic growth and attract foreign investment.
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