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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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Bitcoin Wallet Insights: Exploring the Timeframe to Mine One Bitcoin

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Bitcoin mining is the computational process that secures the Bitcoin network and mints new Bitcoins as a reward. It involves dedicating significant computing resources to solving complex cryptographic puzzles. For any individual miner, a key question is: how long does it take on average to mine one Bitcoin?

While dependent on mining equipment and conditions, examining the variables that influence mining rates can provide perspective on achievable timeframes. Let’s explore the Bitcoin mining process and factors impacting the timeline for miners to acquire their first coin.

The Probabilistic Nature of Bitcoin Mining

Bitcoin mining is essentially a lottery where participants compete to solve a mathematical problem and create the next valid block. Successfully doing so earns the miner the right to include a new batch of transactions and mint fresh Bitcoin. However, finding a solution involves guessing trillions of random numbers per second with no guarantee of success.

On average the Bitcoin network produces a new block every 10 minutes. But for an individual miner, discovering a valid hash could take days or even months depending on the equipment. Similar to a lottery drawing, the more hashrate or “tickets” a miner has, the better the chances of hitting the jackpot. Solo miners face unpredictability, while mining pools smooth earnings over time.

Hardware Capabilities and Hashrate Output

Mine one Bitcoin
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Bitcoin Wallet Insights: Exploring the Timeframe to Mine One Bitcoin 3

The most important factor determining the Bitcoin mining timescale is the amount of hashrate measured in hashes per second. Hashrate depends on the processing power and efficiency of mining machines like ASICs and GPUs. More powerful units with cutting-edge chips can calculate many more solutions per second.

Output also varies based on other specifications like energy draw, cooling systems, and firmware. Units purchased more recently typically boast better performance than earlier generations. Maximizing hashrate within a given budget accelerates mining output and Bitcoin earnings.

Evolving Network Difficulty

Bitcoin’s network difficulty dynamically adjusts every 2016 block to maintain an average 10-minute discovery time as the hash rate fluctuates. If mining power on the network rises, the difficulty increases proportionally to compensate. The higher the difficulty, the more guesses are required to find a valid hash.

Since Bitcoin’s inception, network difficulty has risen over 20 billion times as ASICs have become faster. This makes mining new Bitcoins much harder now than in earlier years. Even the latest equipment with high hash rates faces greater difficulty earning each coin over time.

Energy Costs and Location

The cost of electricity to power energy-intensive mining rigs can make or break profitability. Areas with lower energy prices allow miners to operate more machines at higher margins. Places with excess renewable energy tend to attract larger mining operations.

Some miners even leverage flared natural gas that would otherwise be wasted. The lower the energy expenditure, the faster miners reach the breakeven point on equipment costs. Optimizing energy infrastructure is key to maximizing mining velocity.

Bitcoin’s Diminishing Block Subsidy

Mine one Bitcoin
Bitcoin Wallet Insights
Bitcoin Wallet Insights: Exploring the Timeframe to Mine One Bitcoin 4

When originally launched, successfully mining one block awarded miners 50 Bitcoins. However, Bitcoin’s code reduces this block subsidy by half roughly every four years. In mid-2024 the next halving will drop the reward to just 3.125 Bitcoins per block solved.

As the block subsidy declines, mining each Bitcoin requires more time and resources. After the next few halvings pass, most mined coins will come from transaction fees rather than the subsidy. This gradually slows the minting of new Bitcoins over time by design.

Conclusion

While Bitcoin mining may seem straightforward at first glance, the actual timeline for acquiring coins is influenced by a complex interplay of factors. These include a miner’s hashrate capabilities, network difficulty, energy infrastructure, and the diminishing block subsidy. To succeed, miners must optimize across these variables.

As your Bitcoin wallet holding matures, the process of minting new coins naturally becomes more challenging. However, by leveraging economies of scale, access to low-cost power, and the latest hardware technology, miners persist in securing the network and facilitating the issuance of new Bitcoin.

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Sastanaqqam Company Sets New Milestone with Move to Dubai’s One Central, Joining Leading Crypto Innovators

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Sastanaqqam Company, a visionary in the blockchain and Web 3.0 domains, has announced its strategic relocaon to the renowned One Central district in Dubai by the end of March. This move places Sastanaqqam in the epicenter of leading names in the cryptocurrency industry, signifying its burgeoning influence in the global hub for digital asset innovaon.

One Central has become a pivotal hub for cryptocurrency enterprises, known for its state-of-the-art facilies and a business-friendly regulatory environment. This district houses notable crypto enes like Bybit’s global headquarters and the, a hub for cryptographic and blockchain technologies.

Sastanaqqam’s relocaon to One Central reflects its alignment with Dubai’s vision as a leader in technological advancement and financial innovaon. “Our move to One Central isn’t just a relocaon; it’s a strategic decision to integrate with a community at the forefront of blockchain and digital currencies,” said Azzi Mohamed Mbarek, COO of Sastanaqqam.

The decision to establish a base in One Central, alongside pioneering crypto plaorms such as Deribit, underscores Sastanaqqam’s ambion to be at the forefront of the crypto revoluon. Dubai’s One Central offers an environment ripe for collaboraon, innovaon, and growth, making it an ideal locaon for Sastanaqqam’s expansion.

In ancipaon of this significant move, Sastanaqqam is ramping up its recruitment efforts, aiming to atract top talent in blockchain and fintech. The new office in One Central will be equipped with the latest technology and designed to foster innovaon and collaboraon.

Local businesses and the community in One Central are excited about Sastanaqqam’s arrival. “Sastanaqqam’s addion to One Central is not just a boost to our local economy; it also reinforces our status as a leading tech and financial hub,” shared [Local Business Owner’s Name].

Sastanaqqam’s relocaon to One Central marks a significant chapter in Dubai’s emergence as a global leader in technology and digital assets. This move is poised to open new avenues for collaboraon and innovaon in the cryptocurrency sector.

About Sastanaqqam:

Established in 2021, Sastanaqqam is a visionary company specializing in blockchain and Web 3.0 technologies, with a focus on integrang art, gaming, and DeFi to create a comprehensive digital ecosystem.

For further informaon, visit: htps://sastanaqqam.io/

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Top Korean game developer Wemade to exhibit at Taipei Game Show for the first time

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  • Visitors are among the first Asian audiences outside of Korea to preview Night Crows Global and Fantastic4 Baseball
  • Night Crows Global combines breathtaking visuals, immersive gameplay and massive-scale battles with advanced tokenomics and omnichain support
  • Fantastic4 Baseball lets gamers manage and control teams of real-life players from different professional leagues including the Chinese Professional Baseball League

Leading South Korea-based global game developer WEMADE will be exhibiting for the first time at the Taipei Game Show 2024, to be held at the Nangang Exhibition Center from January 25th to 28th. Wemade will be showcasing the Web3 version of “Night Crows”, the blockbuster MMORPG developed by game studio MADNGINE and Round1 Studio’s baseball simulation game “Fantastic4 Baseball”. Visitors to the show will get the chance to be among the first gaming fans outside of Korea to preview and play both games for the first time, and also take part in a variety of other exciting activities.

One of South Korea’s most successful mobile game launches of 2023, Night Crows is built using Unreal Engine 5’s groundbreaking features for creating massive open worlds in incredible high-fidelity detail. The upcoming Web3 version is a feat of expansive world-building and story-telling that combines breathtaking visuals, immersive gameplay and massive-scale battles with advanced tokenomics, NFT minting and trading, and omnichain support. 

Fantastic4 Baseball is a mobile baseball sports simulation game that features high-quality graphics, intuitive and easy-to-use operation methods, and a realistic reproduction of the game of baseball. Gamers get the chance to manage and control teams of real-life players from different professional leagues including the Chinese Professional Baseball League (CPBL), Taiwan’s top-tier professional baseball league. Pre-registration for Night Crows Global is now open with both games scheduled to be launched by the end of Q1 2024.

Organized by the Taipei Computer Association, the Taipei Game Show has been held for over 20 years since 2003, and is Asia’s first annual international gaming exhibition. Recognized as a significant business platform by the industry, its diverse showcase content and comprehensive business matchmaking services attract over 2,500 business visitors from more than 40 countries/regions each year, making it the most noteworthy gaming exhibition in the Asia-Pacific region.

About WEMADE

Part of the first generation of Korean PC online game developers and Korean mobile game developers, Wemade is at the forefront of the next wave of Web3 game developers that are innovating with blockchain technology. Based on the WEMIX3.0 Mainnet, the WEMIX PLAY blockchain gaming platform is the world’s biggest with millions of users and a wide range of game genres from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, MOBA, MMORPG, SNG, sports games and more. Visit www.wemix.com/communication / www.wemixplay.com for more information. 

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