In addition, our age structure is also losing its advantage (compared to India), which makes many researchers worry about the international competitive advantage of our labor costs. Some unpredictable data worries me the most, because this may become the government's "contingent liabilities", which is not reflected in the current balance sGlobal Advisor Bitcoin Investment Fundheet, so it appears that our central debt ratio is very low.
CraigSWright, recently published a long talk about him as Satoshi Nakamoto, for which he was slammed by the cryptocurrency industry. CSW is known for his fierce rhetoric on Twitter. He even had a fierce dispute with WikiLeaks. He referred to WikiLeaks as a pit of fake news.
In April 2014, GavinWood, the co-founder of Ethereum and the CTO of Ethereum at the time, published a blog post entitled "Decentralized Applications: What Does Web0 Look Like". The concept of Web3 was systematically explained for the first time. GavinWood believes that in the post-Snowden era, Internet users can no longer continue to trust companies, and companies will only manage and use user data for their own profitability purposes. Therefore, it is necessary to create Internet infrastructure and applications that minimize trust. GavinWood proposed that Web0 will be based on a new Internet technology stack, which mainly includes four modules: static content publishing, dynamic messages, trusted transactions and integrated interfaces. Users use untraceable anonymous identities (public key addresses) to interact with Web3 applications, messages between users are encrypted end-to-end, and transactions are reached by a decentralized consensus engine, thereby eliminating intermediary costs and counterparty risks.
Bitcoin block rewards will also gradually decrease. By 2040, 98% of Bitcoin will be mined, and the remaining 0.2% will need to be produced within 100 years. At that time, Bitcoin can only rely on on-chain transaction fees to ensure its network security. At the same time, off-chain solutions may result in a reduction in on-chain fees, because off-chain transactions require less frequent use of miners.
TUSD is a cryptocurrency TrueUSD launched by the TrustToken startup under the support of the Stanford Venture Fund, which takes into account both transparency and mystery. It is a stable currency for the US dollar with a relatively high degree of trust in the market. According to the definition of its official website, TUSD claims to be "the ERC20 stable currency backed by U.S. dollars". The price is anchored to U.S. dollars at 1:1, and users can exchange (redee) the corresponding U.S. dollars with TUSD in equal amounts. Provide token holders with legally protected U.S. dollars and use one TrueUSD token for every 1 U.S. dollar. TrueUSD provides regular audits to provide legal protection for holders.
The consensus algorithm of Bitcoin and Ethereum is not a typical BFT algorithm. So they do not meet the definition of blockchain in the Cosmos network. (It is worth notinGlobal Advisor Bitcoin Investment Fundg that although they are not Byzantine fault-tolerant, they can still allow blockchains such as Bitcoin and Ethereum to join the Cosmos network with only a few extra steps. If you find it difficult to understand, don’t worry-we will later Do more in-depth research on this.)
Arthur: It is undeniable that a centralized system is very convenient, but decentralization is also useful. It is not free to maintain privacy. You need to pay. You have to pay for it. If you are concerned about privacy, then WeChat and Alipay are useless. Someone will always pay for their financial privacy.