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CVNT: 2021 New Trend in Blockchain Industry

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In the blockchain industry, we must see the future before others.

BTC has risen to the highest point in history, and now it is not suitable for us to take a heavy position.

From the perspective of investment, investment based on fundamentals is the kingcraft investment, which is the psychological cornerstone for people to face short-term fluctuations and remain firm, so that the explosive power of BTC, ETH, LTC, dot, uni, etc. in the bull market will not be ignored. The impact of fundamentals on the secondary market price can only be exerted in the bull market stage.

So what are we going to invest next to create more profits for us?

The answer is to refer to what organizations are laying out.

Recently, with the head application RR dVod coming online soon, and the airdrop transformation of the original Internet project, YYeTs has accumulated “capital” in 16 years, including 20 million active users and data pools, tens of thousands of part-time translators from all over the world, and nearly 100000 translation lovers.

The overall development progress of CVNT conscious value network is relatively optimistic, and the future has become more and more clear. Many institutional investors around them regard CVNT as a rare opportunity and focus on the layout.

Blockchain project is the competition of capital in the final analysis. For ordinary people, opportunities will only appear in the earliest stage, only when a large amount of funds do not enter the market in batches. The CVNT storage mining and RR dVod content distribution mining, which will be started soon, are likely to give birth to a number of new rich people in the coin circle.

Opportunities are fleeting. Considering that CVNT is also an old public chain project, I will not elaborate on the background of the project and the whole storage public chain track in the following contents. I will deconstruct the currency price rise and appreciation logic most concerned by everyone from three perspectives: the fundamentals of the project, the head application RR dVod and the value capture of CVNT token.

CVNT: 2021 New Trend in Blockchain Industry

CVNT conscious value network (hereinafter referred to as CVNT) is committed to solving the problems of low performance, poor security, high development difficulty and excessive dependence on service charges of existing blockchain applications, and realizing the performance expansion and decentralized storage of distributed applications. The newly upgraded “VRF consensus main chain + PoST+ double chain structure” runs perfectly in the main network released by CVNT in the middle of last year, establishing a high scalability, high performance and stable underlying storage architecture. Based on the new consensus algorithm, the block speed, success rate, delay, server cost and scalability cost of CVNT’s main network greatly surpass those of the same kind of public chain. In addition, there are many innovations in the way of technology development, which jointly support the positioning of “distributed database cloud + BaaS platform” and the realization of related functions.

Compared with Filecoin, which also uses the consensus of PoST, CVNT main network goes online earlier. At present, the block height is nearly 50 million, TPS / CTPs is more than 50000, and 100 super nodes are supported. On the basis of inheriting the existing mature scheme, all the advantages of PoST are realized by superposition, and the current technical dilemma of Filecoin is broken down one by one. Compared with the long project cycle and huge goal setting of Filecoin, CVNT pays more attention to the large-scale implementation of commercial level decentralized applications, supports the current Internet projects migration and traditional entity enterprise asset digitization, including the integration of baas technology into its own business.

RR dVod is a decentralized and innovative video network system deployed on the CVNT value conscious network, which carries 20 million users of YYeTs to deploy on the chain. The product system covers three functional modules: video content player / distribution / search, high-quality content investment and equity, and distributed DSN.

Because of the extraordinary competitiveness of RR dVod, many people think that CVNT is likely to become a big Mac project in 2021. In addition, from the recent situation, the most difficult part in the development of CVNT is close to completion. In the Q1-Q2 roadmap released in January, we can see the four major update plans of CVNT. Each of these updates points to the huge market of billions of dollars, reflecting the high thinking of the project core team on the implementation and evolution of blockchain technology in the past two years. These include:

(1) Evolving the pest consensus

Build general level decentralized (distributed) storage infrastructure

The essence of blockchain is distributed and decentralized. One of the bottlenecks in the development of blockchain is the distributed storage capacity. Especially for most basic public chains, how to store a large amount of data in their main chain is an urgent problem. The future distributed application (DAPP) wants to become a super application widely used by the public, it must also solve the storage problem. Therefore, the distributed storage of CVNT is likely to become the infrastructure of the future blockchain industry, which brings us huge imagination.

(2) Redefine the operation mode of erc20

IPFS and Filecoin adopt the post storage capacity consensus algorithm to realize the main storage chain, but it is almost impossible to achieve good integration in terms of smart contract and virtual machine. CVNT introduces a multi language supported smart contract virtual machine to realize a function similar to “bridging”, that is, CVNT is allowed to run smart contracts of other blockchain projects, and other blockchains are also allowed to run smart contracts of CVNT.

(3) The next generation of smarter smart contracts

CVNT’s smart contract is an extremely secure and stable next generation smart contract, which extends and supports new business application level functions such as NFT’s registered assets, and fully supports decentralized applications to protect privacy. This will enable CVNT network to support the requirements of many enterprise level blockchain applications, which is an extremely broad blue ocean market.

(4) Improve the scalability of the underlying public chain and avoid hard bifurcation

CVNT VRF consensus main chain relies on the random algorithm with little computation and almost no delay. In terms of scalability, the algorithm can make a great breakthrough. At the same time, only one block with the highest priority is notarized every time, which means that the blockchain will hardly bifurcate. Based on this, if new technology appears in the future, it can be easily added to the CVNT system, which is conducive to the upgrade and iteration of the system.

To enjoy the sweet asset growth brought by high-quality digital assets now is the result of “fundamental investment is kingly investment” and taking investment actions accordingly when there is panic in bear market.

Therefore, from the framework of CVNT and the current operation of the main network, we can see the determination and courage of the team to open up the era of public chain 3.0. Every step is steady, willing to invest resources for the technical vision, and the promised technical milestone never jumps. It is a real basic strong project.

20 million users have joined CVNT. The future is beckoning to you. What are you waiting for?

 

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Crypto Veterans Shed Light on CBDC and Stablecoins Including TUSD, Endorsing Competition in Money Market

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The renowned documentary series “The Future is Now” has recently shifted its focus to the blockchain industry. The team produced its first-ever crypto-related documentary titled “Aligning the Future,” shedding light on the development of Bitcoin and other digital currencies across the globe.

The show stars H.E. Justin Sun, TRON founder and the Ambassador and Permanent Representative of Grenada to the WTO, congressman William Soriano from El Salvador, and many other respected crypto leaders, who shared their insights on the future of crypto.

H.E. Justin Sun, TRON founder and the Ambassador and Permanent Representative of Grenada to the WTO

“Eventually we will have three kinds of nations. One kind of nation will still use traditional fiat, but some countries will start to evolve into CBDCs, doing central bank digital currencies. But we will also see some countries like El Salvador and Caribbean countries in the future that might adopt Bitcoin or cryptocurrency as their legal tender or financial settlement infrastructure.” said H.E. Justin Sun when asked about his view of CBDCs (central bank digital currencies) across the globe.

He also added that as a believer in Hayek’s theory, he has faith in a currency market that is open to entire competition and embraces all types of currencies. Meanwhile, as a veteran in digital currency, Sun believes that CBDCs can be listed on blockchains, including Ethereum and TRON, in the way that stablecoins such as USDT, TUSD, and USDC are listed, which will undoubtedly bring the growth of the crypto industry to the next level. He also pointed out that many underprivileged people are still denied access to traditional financial services. The elimination of the threshold to financial infrastructure will benefit the whole world’s population. Blockchains, including TRON, have already provided a relatively affordable and accessible gateway to financial services and are capable of bringing more convenience to users.

Stats about TRON’s stablecoin infrastructures

Another leader who holds the same view as Sun is William Soriano, congressman of El Salvador, who quoted local facts to prove his point. El Salvador is the first country that announced plans to adopt Bitcoin as legal tender, a seemingly unconventional move backed by ample reasons. 

William Soriano, Congressman of El Salvador

As a prominent advocate for Bitcoin and blockchain, Soriano said only 30% of all Salvadorians, or roughly 1.2 million people, have access to a bank account. In contrast, 3.8 million of them now have access to a digital wallet, i.e., 80% of the population has already been financially included, a feat on its own.

Salvadorians using digital currencies can save on wire transfer fees typically required by traditional banking systems for international money transfers. This is due to the unique operation mechanism of digital currencies, where blockchain technology is being utilized for clearing and settlement. As it stands, blockchain technology and cryptocurrencies are helping more and more Salvadorians access financial resources and are surely gaining nationwide recognition. However, value stability is still a problem that Bitcoin faces due to its volatile prices.

In light of this, recent attention has been focused on such solutions that both enjoy the benefits of blockchain technology while withstanding price volatility. Stablecoins, as previously mentioned by H.E. Justin Sun, are digital currencies deployed on the blockchain and pegged to the U.S. dollar, lowering the entry barrier to financial inclusion while offering a solution to volatility.  

Although stablecoins such as USDT and USDC might enjoy higher popularity at the moment, TUSD is arguably the best-performing and most reliable. Furthermore, as the only stablecoin attested live on-chain and audited in real-time by the renowned Armanino, TUSD prioritizes industry-leading security and transparency.

In March 2021, TUSD became the first native U.S. dollar-pegged stablecoin on Avalanche. One month later, it went live on TRON, becoming the second U.S. dollar-pegged stablecoin natively launched on TRON following the stablecoin frontrunner USDT.

In addition, TUSD has been an early mover in multi-chain deployment, now supported by a succession of blockchains that include BNB Chain, Fantom, Polygon, and Cronos, receiving industry-wide endorsement. Currently, the total supply of TUSD has surged past 1.4 billion, ranking fourth among its peers.

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Pyramid Pad Announces Upcoming Token Airdrop

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Pyramid Pad Announces Upcoming Token Airdrop

Pyramid Pad, a multi-tool project running on BNB Chain, announced an imminent airdrop for its token, $PYRA. The event will take start on April 9 and end on May 23. Also, it should kick-start the project’s growth and increase awareness.

During the PYRA airdrop, every participant will get 1,800 PYRA for joining and another 200 tokens for each referral. Also, the price of 1 PYRA will be 0,014 USD. To join the airdrop, interested members have to complete the following tasks:

  1. Join the Pyramid Pad Telegram channel and submit their usernames.
  2. Subscribe to the project’s YouTube channel
  3. Join the Pyramid Pad Telegram official chat.
  4. Follow Pyramid Pad on Twitter.
  5. Join the project’s Discord channel.
  6. Submit their information details.

PYRA is a BEP-20 token with numerous functions within the Pyramid Pad ecosystem, including staking and farming. It has a total supply of 1,000,000,000 units. The platform will airdrop 5,000,000 (5%) of it during the upcoming event. PYRA holders can use their tokens on any of the Pyramid Pad features, such as:

  • Pyramid Launchpad – A multi-blockchain supported platform where users can launch their coins and raise funds for their projects.
  • Pyramid Staking – A proof-of-stake platform running on BNB Chain and enabling users to earn a passive income from staking.
  • Pyramid Swap – A service that enables users to swap tokens from their Private Key Wallet or Trading Account. The former provides the benefit of non-custodial, on-chain settlement. Meanwhile, the latter offers faster settlement and no network fees.
  • Pyramid NFT Marketplace – This feature allows users to create, manage, buy, sell, and exchange NFTs. 

About Pyramid Pad

Pyramid Pad is an all-in-one, multi-feature project offering numerous DeFi tools and solutions. It runs on BNB Chain and aims to become a far-reaching ecosystem supporting IDO launches, staking, and an NFT marketplace. The platform launched in Q3 of 2021 and, since then, has developed its concept, tokenomics, and struck several strategic partnerships. Recently, Pyramid Pad has obtained a successful smart contract audit from the industry-leading auditor, Solidproof.

For more information about Pyramid Pad, please follow the links below:| Website | Twitter | Telegram |Whitepaper| YouTube| Discord|

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A hands-on experience on some of the most popular smart contract platforms

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In 2021, many smart contract platforms competed for users’ attention and attempted to be the next Ethereum killer. The terms DeFi, GameFi, and NFT, have been all over the media lately, and any of these would not be possible without smart contracts. As more smart contract platforms are introduced, it becomes hard for newcomers to choose which is right for them. This article will examine some of the most popular smart contract platforms and share our hands-on experience with them.

Ethereum

Token: ETH

TPS: 10

Ethereum is the world’s first smart contract platform. Developers create decentralized applications (dApps) on the Ethereum Virtual Machine (EVM) with an object-oriented programming language called solidity. Users can interact with dApps that operate autonomously. Since Ethereum is the first smart-contract-enabled blockchain platform, it has a lot of active developers and has the most Total Value Locked (TVL) in DeFi as far as blockchains are concerned. However, despite being the most popular smart contract platform, it still has a few downsides that make us try to stay away from it when possible. One drawback is the slow transaction speed since Ethereum can only process around 10 transactions per second (TPS). The other problem is the hefty transaction fee it charges when the network is busy, in which the fee may sometimes cost more than the transaction per se.

Binance Smart Chain

Token: BNB

TPS: 60

Binance Smart Chain (BSC) is a smart contract blockchain that is fully compatible with the EVM, so developers can leverage existing tools to write dApps without having to learn an entirely new language. In addition, the increase in transaction speed compared to Ethereum is welcoming. BSC started to gain traction earlier last year, it forked a lot of Ethereum projects that bootstrapped the entire ecosystem, and in the latter part of last year, we see GameFi booms on BSC. One most notable concern that many community members have is the centralization of the Binance chain since Binance is a centralized exchange, and most of its validators are connected to Binance. Nonetheless, BSC has a unique and strategic position in the entire crypto ecosystem.

Avalanche

Token: AVAX

TPS: 4,500

Avalanche is an open-source platform for launching DeFi applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first smart contract platform that confirms transactions in under one second with finality on every block. It provides a new consensus mechanism with an adaptable platform optimized for enterprise adoption and developer needs while solving the challenging problems of scaling and security. The AVAX rush incentive plan also ignited the whole Avalanche ecosystem last year, with large price swings in the latter half of the year. We miss the low transaction fees that Avalanche offered at the very start. Another concern we have is their failure to keep up to date with various promises such as burning the foundation’s staking rewards and the introduction of feeless transactions. If Avalanche could significantly reduce its fees and improve communication while keeping its promises, it’s still a smart contract platform worth keeping an eye on.

Solana

Token: SOL

TPS: 2,000

Solana is a high-performance open-source blockchain. It provides a platform for dApps and next-generation protocols. With its Proof of History (PoH) consensus mechanism, the Solana blockchain allows for breakneck transaction speeds, claiming to scale to over 50,000 TPS on an open network, which is said to be possible due to Solana’s novel approach.This deterministic checkpointing mechanism that is used in place of synchronous consensus. However, Solana’s actual TPS is around 2,000, with more than 3/4 of these transactions being vote transactions. The seemingly inflated TPS widely promoted to the public might reflect the questionable design of the Solana platform. Even though it was once regarded as a crypto rising star, with its six blockchain outages happening in the last month alone, Solana is facing fundamental questions about its network stability, as well as the ability to maintain itself as a Wall Street darling.

TRON

Token: TRX

TPS: 2,000

TRON is an innovative open-source blockchain that focuses on providing a cost-effective settlement solution with the ultimate goal of decentralizing the internet. The high level of scalability offered by the system and its mandate for low costs are attractive propositions for those considering taking their first step into the crypto world. Since last April, the amount of Tether USDT on TRON has surpassed Ethereum to become the No.1 worldwide. TRON became the preferred blockchain for many when transferring and converting stablecoins because of its low fees. The TRON network’s increasing dApps and NFT projects also attracted many new users from other blockchains. However, we noticed that newcomers sometimes brought up the concept of bandwidth and energy on the TRON network. Although understanding bandwidth and energy is not necessary to make a transaction, users should be encouraged to look into them as utilizing these resources by staking a certain amount of TRX would enable one to send transactions or interact with smart contracts for free.

Throughout last year, we saw many smart contract platforms rising to compete with Ethereum, and each of them has its pros and cons. There is an incredibly increasing demand for a good smart contract platform, and every platform will eventually have its place in the ecosystem. Investors, users, and developers should take a closer look at each of these blockchains and pick the one that matches their needs best.

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