Like the Lightning Network, the Raiden Network is also an application of state channels, except that the Lightning Network is aimed Exchange Bitcoin for Ethereumat Bitcoin, and the Raiden Network is an off-chain expansion solution on Ethereum. Its purpose is to use the off-chain state network to expand the trading capabilities of Ethereum. The basic principle is similar to that of the Lightning Network, but the specific implementation is different: the payment channel of the Raiden Network is controlled by a smart contract instead of a multi-signature address, and the Raiden Network uses smart contracts to achieve more complex exchange conditions.
In the future, the blockchain-based business model will take individual consumers as the basic unit. Through the new generation of information technology ACDIQ5G, the blockchain realizes circulation and transactions through multiple combinations with individuals and Tokens, and distributes labor remuneration. At the same time, user identities are more diverse (producers, consumers, communicators, investors). On the one hand, users can realize direct flow of value assets to users; on the other hand, as individual participants, they are integrated into the entire value industry. In the chain, the relationship between consumers and producers as subjects will be more obvious. Because of the blockchain, the era of true mutual exclusion to mutual trust and mutual assistance has arrived!
Some opinions believe that the central bank should adopt a decentralized blockchain technology arrangement for issuing digital legal currency, so as to ensure the wide applicability of blockchain technology applications. This understanding is very narrow. First of all, the central bank’s issuance of digital legal currency is to meet the needs of the digital economy, not just to promote a certain digital technology; second, compared with bank currencies, digital legal currency is undoubtedly more suitable for the source of currency required for the application and promotion of blockchain technology. ; Finally, the central bank's currency issuance itself is centralized, which is a legal setting and cannot be changed. As a result, there are even opinions that, according to this, the denationalization of currency should be realized. The problem is that any currency evolution must ensure a certain degree of inheritance and continuity. This is also the fundamental requirement for the stability of the economic and social reality system. What is unimaginable and recognized is that the currency of a sovereign national bank jumps directly to a non-state The digital currency is coming up. Therefore, from the perspective of blockchain technology and its wide application prospects, the problem is to obtain and establish the source and foundation of digital currency other than bank currency, instead of denying the central bank's issuance and operation of digital legal currency.
There are two main ways for individual investors to use leverage: one is off-exchange lending, that is, investors use the borrowed funds to invest in the encrypted market; the other is to trade futures contracts in the form of leverage in the futures market. Risk appetite is generally high, and most individual investors are attracted by high returns.
He pointed out that a flash loan of 10,000 Ethereum may be the problem. Half of the funds went to Compound, a lending platform, for wrappedBTC (Bitcoin on Ethereum). What is left is the collateral for shorting-thinking that the price will fall-that is, wBTC trading on the margin trading platform Fulcrum. The account subsequently sold wBTC to the decentralized exchange Uniswap. The price fell, so the hacker cashed in and repaid the initial loan.
However, the rapid maturity of the cryptocurrency derivatives market in the just-concluded 2019 has indeed provided a great help for the entry of institutional investors. These derivative deExchange Bitcoin for Ethereumsigns that directly draw on the mature products of traditional financial markets have basically eliminated institutional investors. Concerns about the security of fund custody provide a convenient way to participate in this emerging market. Therefore, the process of institutional investors deploying the cryptocurrency market has indeed entered an acceleration stage.