Block chain top-level conference Token Summit important information interpretation

BlockBeats, May 16 -- May 17, Token Summit was held in New York. The Summit mainly involved the block chain tokens, protocols and economic models of cryptographic assets, block chain development, governance and practice. Key topics of the summit will include how to successfully develop decentralized open source protocols, extract insights from blockchain data, decentralized governance, value assessment models, and token function models.

TokenSummit is a weightier conference in the blockchain industry: it focuses on legal and compliance issues and prefers the chain circle to the currency circle. Many of the better-known items participate in Token summit&cake; At such conferences, you can see the changes in these projects and their industries.

Highlights:

Veil will launch the prediction market for the 2020 election

Veil, a prediction market and derivatives platform, announced at the summit that it had deployed a new version of Augur, or the distributed prediction market protocol, an application called AugurLite designed to support bets on the upcoming us presidential election. Paul Fletcher-Hill, co-founder and chief executive of Veil, explained: "what we have done is that recently we wanted to support the 2020 election. . No one could support the long term market for Augur, so what we did was take some infrastructure to run AugurLite.

Ava Labs launched the avalanche protocol based blockchain test network

Ava Labs, a blockchain startup founded by Cornell university professor Emin Gun Sirer, opened its private test network based on Avalanche protocol to developers and users at the summit. Emin Gun Sirer said the code is not fully open source and that once the code is further "scrutinized," the public version of the test network will be made available for wider use.

Uncertainty about SEC regulation in the us has resurfaced

A recurring theme emerged at the summit: regulatory uncertainty. The founder of cryptocurrency consensus Kik said at the summit that he was disappointed that the SEC had not taken any action and continued to delay regulatory decisions. Cosmos's Jae Kwon says it makes sense for regulators to rein in "unsustainable" icos, but "there are markets where a lot of innovation has been ahead of regulators." Blockstack says it has spent more than $2 million on legal and compliance fees for regulatory filings. Blockstack will also continue to file applications for Reg A + SEC to improve transparency and help the industry.

"We spent a lot of time and money trying to redesign our scrip economics for the SEC," says eminent. Ly's founder. That's why Binance has surpassed Coinbase as the largest exchange in the world, because Binance is operating all over the world but can't do anything in the United States."

Cosmos: ATOM community participation is very high

Cosmos and Polkadot discuss cross-chain interoperability, which means that in addition to bitcoin, there are other valuable applications and specific blockchains that need to be linked to cross-chain interoperability systems. Cosmos talks about the community of validators and ATOM holders, who have very high ATOM voter participation rates with up to 80% to 90% ATOM collateral.

The biggest advantage of DeFi is that it is open

Uniswap, Compound, Maker and others have discussed Defi, arguing that Defi's greatest advantage is that it is open and anyone in the community can improve the user experience.

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