The Cdot proposal became the IBC cross-chain communication standard, providing the basis for heterogeneous cross-chain

BlockBeats news, according to an official announcement from the Cdot Network, the amup Client proposal submitted by the Cdot Network to become the IBC cross-chain communication standard, referred to as ICS10. Overitor is the ultimate device of Polkadot relay chain consensus algorithm and will be adopted by many Substrate application chains.

ICS10 defines the interaction between the numitor blockchain and other blockchains and is the basis for achieving heterogeneous cross-chain, the announcement said. In addition to participating in the formulation of the agreement, the Cdot team has developed the Substrate IBC module, as well as auxiliary tools such as Demo and CLI, and all the code is open source. Connecting Polkadot and Cosmos is a long-held goal of the Cdot team, and ICS10 and Substrate IBC are key steps to achieve this goal.

According to pulse, Cdot founder liu yi told a community AMA in Beijing that it was time to test whether bitcoin was a hedge against inflation in a global asset crash and was the last bitcoin in the world. The plunge has disproved the argument that bitcoin is an electronic gold, a safe-haven asset. If it can't hedge against this inflation risk, the bitcoin story is dead.

Liu yi also said that there is currently no investment model available for cryptocurrencies, because the model is established because everyone USES it for valuation. In the foreseeable future, at least three to five years, cryptocurrencies will not produce a consensus valuation model.

More than 9000 words full text seeLiu yi: now is the time to test bitcoin.

Source link:weixin.qq.com

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