IPFS core adversary review, what has Libra2.0 updated

IOSG Weekly Brief | IPFS core adversary review, what's new with Libra2.0? #30

Original article by IOSG Ventures

The Insight

According to Juniper Research, "the rapid digitization of consumer lives and business records will raise the global cost of data breaches to $2.1 trillion by 2019, nearly four times the estimated cost of data breaches in 2015."

As a result, the data storage scenario has undergone a paradigm shift and a series of new decentralized storage technologies have emerged. They promised to solve the problems that plagued existing systems and create a new way to use Web 3.0, including Storj, Sia, Filecoin, Arweave, and more.

Over the past decade, much of the data on the Internet has moved to "cloud storage," and most of the data from the applications we use every day is stored on server farms owned by Amazon, Google, or Microsoft. In the new era of decentralized applications, developers are turning to decentralized storage to avoid issues such as censorship, server outages, and hacking.

If the driving force behind Web 1.0 innovation is the Internet's first need for a "pool of information" that is accessible, indexed, and browsed by everyone in the world, The innovation driving Web 2.0 is that commercial companies like Google and Facebook are inserting content into the global "information pool" and acting as data islands and switchboards, even providing scalable resources and routing traffic to cement their moats after success. Then the back of the Web 3.0 innovation is the information provider - thousands of small individuals as information providers are beginning to resent creating huge value for a few companies in return for peanuts, and even data hosts have real real control. With Ethereum Swarm of Viktor Tron's words: "centralized business information providers provide enough to carry all Internet traffic access scalable hosting service, but so data managed can also to control the substantive content, such as: traffic tracking, big data learning based on massive amounts of personal data, data access can be controlled at will, and so on.

Libra2.0 versus Libra1.0

IOSG VC: & have spent

In terms of the membership area of the association, we have seen a significant decrease in the payment sector compared to July 2019, mainly due to regulatory pressure. The number of financial institutions has increased from 5 to 8, which indicates that Libra pays more and more attention to the experience and resources brought to projects by traditional financial institutions and strives to strike a balance between innovation, finance and regulation. Here are some other changes:

1) to solve the problem of stability of anchor many assets currency ≋ LBR possible intervention monetary sovereignty and the problem of monetary policy, with a stable currency in the currency of the anchor order: four kinds of legal tender, relative name is LibraUSD ≋ (USD), LibraEUR (≋ EUR), LibraGBP (≋ GBP), LibraSGD ≋ (SGD). It also removed the yen from the LBR's basket of assets.

2) in order to meet the financial regulatory needs of global regulatory agencies for anti-money laundering, counter-terrorism, sanctions norms and other financial regulatory requirements, the regulatory system framework should be met: set operating standards and only open the custody wallet first.

3) to prevent the control system of unknown participants and delete key compliance clauses, the plan of no access system is abandoned.

4) in order to enhance the protection of Libra reserves, ultra-short-term, mature, low-credit risk and highly liquid assets will be added to the reserves, which will also serve as an asset buffer.

5) in order to avoid the conflict of interest between Libra Association members (who hold LIT) and general users (who hold Libra stable COINS), the Libra Investment Token (LIT) was cancelled.

We believe that Libra cannot be approved by governments if it is based on the previous version 1.0. The reason is very simple, Facebook, relying on its 2.7 billion users of social network, has a strong matchless social appeal, once the Libra this by super-sovereign currency released by a single enterprise is successful, will make its behind Facebook and Libra association has become so powerful, can even above the U.S. government, and the traditional sense of the dollar reserve assets to compete. This time, Libra takes the initiative to embrace regulation, which seems to be a compromise, but actually becomes more mature. Different from bitcoin and the stable currency USDT as we are familiar with, Libra chooses a better way to build a global payment system based on blockchain, sticks to the long-term goal of financial inclusion, and sets a model for future trans-regional blockchain financial projects.

India's blockchain market develops

IOSG VC: & have spent

India's blockchain team continues to develop as the global cryptocurrency market is still in the throes of winter. Startups that have stalled have raised money from prominent investors, including Nuo, Matic, and Instadapp. Precisely because India has now attracted strong interest from would-be investors, Binance has been vying for WazirX since as early as November 2019. Renowned investor Tim Draper recently expressed optimism about India's cryptocurrency policy and its willingness to invest in local blockchain start-ups. Leading investors such as Polychain, Sequoia, Binance and Coinbase have been making early inroads into the Indian market during the cryptocurrency winter.

We're seeing DeFi Solutions projects like Instadapp emerge in India right now, almost in the bear market of the cryptographic market, starting their projects in the most desolate areas of India, so the founders of these projects are people who really want to stay in the industry for a long time. India currently developers (including those young men was in college) they are more like to do is to develop the AI and things like that, rather than block chain, and the population of India still has a lot of no bank account, and India's mobile phone penetration is very high, so India is a very potential market, 2 to 3 years after India's encryption also will be earth-shaking changes in the market.

As a dollar investment fund that has been working in Blockchain for 3 years, IOSG is currently focusing on the investment opportunities of two groups, one is the technical track to realize the pure decentralization vision of Web3.0, ETH2.0, middleware and the link between different layers. The other is a centralized enterprise with cash flow and traditional business circuit, including bitcoin infrastructure, derivatives trading platform, industry water selling company circuit, and semi-open source commercial company on Dcep.

We believe that the problem of making up for the lack of decentralized entrepreneurship can be realized through the landing of Libra2.0 and DCEP, and there will be intersection between the public chain and the private chain. IOSG maximally provides "added value and energy beyond financial support for entrepreneurs" and actively provides post-investment services for invested projects. In the past year, we have joined the EEA (eteum enterprise alliance) and MetaCartel's Dao developer innovation alliance to actively participate in Blockchain ecological community building.

Investment and financing event

CoinDCX raised $2.5 million in new funding two months after its series A round

* trading platform

CoinDCX, India's largest cryptocurrency trading platform, raised $2.5 million in new funding just two months after A series A round led by Polychain Capital and Coinbase Ventures. CoinDCX said it was Coinbase Ventures' "first investment in an Indian blockchain company".

Swiss securities giant SIX Group has invested $14 million in Omniex, a cryptocurrency investment vehicle for institutional investors

* enterprise infrastructure provider

SIX Group, the operator of SIX, Switzerland's largest exchange, is leading a $14m investment in Omniex, a corporate infrastructure provider that provides investment vehicles for institutional investors. Omniex's previous seed round raised $10 million, and the total amount raised so far is $24 million.

Hong kong-based licensed asset manager MaiCapital launched Bitcoin +, a Bitcoin hedge fund whose custodian includes the OSL trading platform

* hedge funds

MaiCapital announced the second currency hedge fund bitcoins +, the company said it has won Hong Kong's securities regulatory encryption monetary fund related regulatory licences, the fund to meet Hong Kong's securities and futures commission regulatory requirements related to the encryption of monetary fund, only for professional investors, while Hong Kong trading platform OSL's hosting products will become one of the fund trustee.

IOSG VC: & have spent

MaiCapital, which was approved by the SFC in August 2018 to launch its first fund product in early 2019, is a quant-based long-short hedge strategy fund with a 14-month audable track record. This time, the product is more bitcoin focused and is also a quantitative strategy fund that aims to track or beat the price of bitcoin in a variety of different market conditions.

Floating Point completed a $2 million seed round, led by MetaStable Capital founder and AngelList

* trading platform

Floating Point Group (FPG), a provider of cryptographic trading platforms, completed a $2 million seed round, led by Naval Ravikant, founder of MetaStable Capital, and AngelList, with BoxOne Ventures, Seabury Global Markets and Steve Kokinos, chief executive of Algorand. FPG will use the funds to build its engineering team and obtain "us regulatory approval to expand its services".

Magic completed a $4 million seed round led by Placeholder

* & have spent The wallet

Etherea-based wallet solutions provider Magic (renamed Fortmatic) announced the completion of a $4 million seed round, led by Placeholder and backed by Lightspeed Ventures, SV Angel, Social Capital, and Naval Ravikant, founder of AngelList.

Original link:https://mp.weixin.qq.com

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