Golden Morning Post | This week, ETC's network computing power broke 300 TH/s to a new record

Headlines

❑ Dog Coin has become the second largest PoW blockchain by market value

On September 17, it was reported that after Ethereum transited to the equity proof consensus mechanism, Doggie Coin has become the second largest workload proof blockchain by market value, second only to Bitcoin. According to Coingecko data, the current market value of Doggie Coin is more than $8 billion, while Ethereum Classic (ETC) is the third largest workload proof blockchain with the current market value, and Lite Coin and Monroe Coin rank fourth and fifth respectively. In September 2021, Vitalik Buterin, the co-founder of Ethereum, urged the dog coin community to turn to proof of equity. The dog coin foundation added the transformation of proof of equity to its roadmap at the end of last year, allowing users to pledge DOGE Token. (u.today)

❑ The current average network hash rate of ETF mining reaches 8TH/S

On September 17, it was reported that according to the mining data of Ethereum Fair (ETF), the average network hash rate of mining at present reached 8TH/S, doubling the computing power yesterday.

Vitalik Buterin proposed "L3 vision": the network cannot be expanded by stacking Rollups on Rollups

Golden financial report: Vitalik Buterin, co-founder of Ethereum, wrote "What kind of Layer 3 is meaningful?" (What kind of layer 3s make sense?), The article points out that the network cannot be expanded by stacking Rollups on Rollups. For example, SNARK can be almost infinitely expanded. "SNARKs of many SNARKs" can continue to be made to reduce more calculations to a single proof. But the data is different. Data can be compressed once, but cannot be compressed again. Therefore, "Rollups on Rollups" cannot actually provide huge benefits in terms of scalability. Therefore, Vitalik Buterin proposed the "L3 vision", which mainly includes: 1. L2 is used for expansion, and L3 is used for customization functions, such as privacy. 2. L2 is used for general extension and L3 is used for user-defined extension. 3. L2 is used for no trust extension (Rollups), and L3 is used for weak trust extension (authentication).

Data: This week, ETC's network computing power broke through 300 TH/s to a new record

According to the gold financial report, according to 2Miners data, after the successful merger of Ethereum, the computing power of ETC's entire network hit a record high of 307.33TH/s on September 15 this week, but it declined later, falling to 199.10 TH/s at the time of writing.


quotation

As of press release, according toHuobi  Global data shows:

BTC's recent transaction price was US $20132.06, up and down within the day+1.91%;

The latest transaction price of ETH is USD 1470.47, up and down within the day+2.74%;

BNB's recent transaction price is 279.37 US dollars, up and down within the day+1.80%;

XRP's recent transaction price is USD 0.3751, up or down within the day+5.17%;

The recent transaction price of ADA is 0.4875 US dollars, up and down within the day+5.06%;

SOL's recent transaction price is 33.80 US dollars, up and down within the day+5.06%;

The latest transaction price of DOGE is 0.06223 dollars, up and down within the day+3.05%。


policy

The White House Science and Technology Policy Office released a design analysis report on 18 CBDC systems

On September 17, it was reported that the Office of Science and Technology Policy (OSTP) of the White House released a report analyzing the design options of 18 central bank digital currency (CBDC) systems in order to launch CBDC in the United States. The report analyzes the technologies selected by 18 CBDC designs, covering six categories: participant, governance, security, transaction, data and adjustment, to help policymakers finally determine how to design an ideal PBOC digital currency system.


Blockchain application

❑ Samsung will hold # RecycleUp Fashion Exhibition in Decentraland

According to the official news of Decentraland, Samsung, an electronics industry giant, plans to hold the # RecycleUp meta universe fashion exhibition in Decentraland on September 20. After the activity is completed, it can win # RecycleUp wearable devices by completing the corresponding tasks. Samsung will release the tasks through their Discord and other social media channels.


Cryptocurrency

❑ HUMBL terminated its acquisition of Agora Digital Holdings, the company behind Bitstream Mining, a crypto mining enterprise

On September 17, it was reported that the Web3 business platform HUMBL had terminated its acquisition of Agora Digital Holdings, the company behind Bitstream Mining, an encryption mining enterprise. HUMBL had announced on August 11, 2022 that it would acquire Agora Digital Holdings, Inc. As the acquisition consideration, the owner of the company would obtain about 60 million dollars worth of HUMBL preferred shares. However, due to various delivery conditions, the two parties failed to reach an agreement on some key terms, and finally mutually agreed to terminate the acquisition transaction agreement. (globenewswire)

❑ RVN's computing power across the network broke through 20TH/S, with an increase of 333.263% on the 7th

On September 17, it was reported that, according to official data, RVN's current network computing power was 20.58TH/S, an increase of 333.263% on the 7th.

❑ Nomad will release the cross chain bridge restart update next week

On September 17, it was reported that Nomad, the cross chain interoperability protocol, announced that the cross chain bridge restart update would be released next week.

7UpDAO founder: Azuki is valued at US $1 billion in the new round of financing

On September 17, it was reported that the founder of 7UpDAO "26x14" wrote on social media that Azuki, the NFT project, had reached a valuation of $1 billion in a new round of financing and had been over raised.

Data: Vietnam ranks first in the overall cryptocurrency adoption index and China ranks tenth

On September 17, it was reported that according to the 2022 global cryptocurrency adoption index report of Chainalysis, a blockchain data analysis service, emerging markets were in the lead in cryptocurrency adoption, with Vietnam ranking first in the overall index, followed by the Philippines, Ukraine, India and the United States, and China ranking tenth in the overall index. In addition, the global adoption rate of cryptocurrency reached the current record high in the second quarter of 2021, while each of the past two quarters was in a downward trend.

Security team:NFTProject POUR KOKODiscord ofBe invaded

On September 17, it was reported that CertiK monitoring showed that the official Discord of POUR KOKO of NFT project had been hacked and a phishing link had been published in the project announcement. Users should not click it.


Important economic developments

❑ The US party struggle continues to emigrate into "victims"

The political struggle between the Republican Party and the Democratic Party in the United States is becoming increasingly fierce, and immigrants have become the "victims" of the struggle between the two parties. Since this year, some Republican governors have used buses and planes to transport illegal immigrants and immigrants in the state to areas under the Democratic Party. On the 14th, about 50 immigrants were transported to Martha's Vineyard Island near Boston, the capital of Massachusetts. Some said they had no knowledge of their destination.


Golden Encyclopedia

NFT Is it the latest one

NFT broke out recently, but not recently. According to Andrew Steinwold, the origin of NFT can be traced back to Colored Coins supported by blockchain in 2012. The CryptoKitties boom in 2017 attracted people to buy encryption cats, and NFT really became the mainstream.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is only for information reference, not for actual investment advice. Please establish a correct investment concept and be sure to improve your risk awareness.