How do traditional financial institutions view blockchain? JPMorgan mentioned in Bitcoin mining CPU and GPUthe report "DecryptingCryptocurrencies: Technology, Applications and Challenges":
By the end of the second quarter of 2020, Uniswap, IDEX, 0x, Kyber, Oasis and Bancor have all achieved strong growth. However, when we analyzed these 6 decentralized exchange DApps in the second quarter of 2020, we found that compared with the second quarter of 2019, the number of traders on these exchanges increased by an average of 50%, which was similar to the first quarter of 2020. In comparison, the number of traders on these exchanges increased by an average of 22%. The decentralized exchange ranks second in contributing to the daily activities of Ethereum, contributing 25% to the total daily activities of Ethereum.
Robinson told us: Simplicity will be an extensive upgrade of Bitcoin's scripting functions, not a collection of every script upgrade in Bitcoin's history. As a "complete function" instruction set, there is basically no need to upgrade the Bitcoin script function again in the future. Of course, in order to improve the efficiency of some functions, some upgrades are still needed.
From 2013 to 2018, the share of Bitcoin's market value dropped from 95% to the lowest point of 33%, and recently it has risen again to around 52%. Compared with the fatal blow of Bitcoin's core code, the market value battle between altcoins and Bitcoin is more like a tug of war. In this protracted war, various consensuses and labels were created.
However, each block contains some key information to verify the certificate immediately before then, which means that the new user must start from the first block on the chain, together with its certificate, to verify one by one in order, which will be very time-consuming. In order to speed up, the researchers give each new certificate verification information based on the hundreds or 1,000 blocks after the block, which is called "breadcrumb". When new users join, they compare the breadcrumb of the previous block with the breadcrumb of 1,000 blocks ago. These breadcrumbs can match the breadcrumbs before another 1,000 blocks, and so on.
When Bitcoin was born, the new concept of digital currency brought us an earth-shaking cognitive change, and innovations in various financial fields emerged one after another. Blockchain has since embarked on the altar, down to various corporate companies, and up to groups. Organizations, from financial instBitcoin mining CPU and GPUitutions to central banks of various countries, have also participated in this carnival feast, eager to try, but no matter what kind of reform, should we escape the shackles of the emergence of economic models? Or apply the old rules and new bottles of old wine?
GUSD is a token issued based on the Ethereum ERC20 protocol, which means that all Ethereum wallets can support sending and receiving GUSD. And downloading an Ethereum wallet is much simpler than going to a bank to open a US dollar account, hundreds of millions of times simpler, which means that anyone in the world who has a network and a smartphone, and has Ethereum as gas, can easily Send and receive GUSD.