Coon Intelligent chain before 72 hours of insider exposure leading DeFi in the second half

Push that button and the world changes.

Survival of the fittest

The species that will survive, not the strongest, not the most intelligent, but those that are the most responsive and responsive to change. "-- Darwin's Law of the Jungle

On Saturday, at 3am Hong Kong time, all the faces in the global team working group of Coin-An Intelligent chain were still online, and the messages in the group sounded "Du" without stop.

"The DeFi miners don't sleep at night, they work overtime, they don't want to be left behind in this wave, and neither do we." Money an intelligent chain ecological director Zhang Xiaoguang sighed.

At this time, there are still 3 days left before the main network of the Currency security Intelligent Chain (BSC) goes online.

Development, test and operation personnel from all over the world have been running 7*24 hours in succession for several days, and the construction, deployment and verification have been carried out non-stop alternately. Coinstone smart Chain and partner technical discussion groups often flash up at 3 or 4 am with the message: "Your interface may be a little unstable. Let's see what happens."

"The business is global, we go to bed late or get up early, and so do the project partners." "Our architecture is faster to deploy, but it's not just about completing our own development, but more about how to better connect with partners like wallets and infrastructure," Zhang explained.

This summer, the Defi ecocentre broke out with a lot of new gameplay. Aave, Balancer, Curve, Uniswap and so on attract a lot of attention. The amount of money in DeFi Ecology has increased exponentially, with the total locked assets rising from usd 680 million at the beginning of this year to USD 6.2 billion in August 2020.

It has been joked that in the cryptographic world, DeFi has launched a challenge to CeFi. A battle between CeFi and DeFi is inevitable, and coinan is often seen as the number one representative of CeFi.

The coin has both sides. Focusing on the present, today's DeFi ecology is also rapidly exposing its own problems: high block fees, network congestion, unfriendliness to ordinary users, etc.

The advent of low Gas rates, high TPS, and open source coin-security smart chains may solve these problems, and some wonder if this will lead to a new wave of DeFi.

On August 31, 2020, there is still one day to go before the main coin-An intelligent chain is launched.

The Coin-Ahn team checked the code quality for the 298th time, and conducted the final penetration and stress test. "The smart chain is completely open source, from day one, and that means pressure -- the function and quality of our code has to be good enough." Zhang xiaoguang said what was special about the launch was that it was like standing under an X-ray and seeing all the details of the internal organs before the public.

Tencent biography once described: any product is constantly updated and iterative, you can never complete a perfect product at one time.

But in the open source world, everyone is held to a higher standard.

At 9:00 PM on September 1, 2020, after 72 hours of coordination, deployment and tuning, Push button was finally pressed, the news landed, and COinan announced that the main network of coinan intelligent chain was launched.

On September 1, 2020, the main coin-an intelligent chain network was launched

Second, it is long in the making

It may be said that all roads lead to Rome, but there is only one road to becoming the Roman Empire, and it depends on who can find the right one. -- Wu Jun, Top of the Wave _

It happened a little earlier than the public realized.

Three months ago, coin-ahn Intelligent Chain (BSC) was tested online. Ethereum based, supports native cross-chain technology, while EVM is fully compatible and developer friendly.

"We want to try out the basic performance of the chain and make sure that the DeFi protocol is compliant. We also work with a number of security auditors to ensure performance and security before we officially push it to our users." Zhang Xiaoguang explains why the main network is not in a hurry to go online.

Coin secure chain and intelligent chain process

Such "trials" include: continuous upgrade and update of multiple versions of the test network and stress tests, as well as the end of August ended with a position rebate campaign.

According to the activity report, coin-Ahn intelligent chain test network generated more than 30,000 transactions. Each of the 41 validation nodes generates a block every few seconds. This means that even during such a large level of activity, the ability and performance of BSC to process transactions can still be handled.

As one BSC community member commented, "Once the BNB main website comes online, the BNB community will be able to use BNB to participate in DeFi building and at the same time earn more value and benefits and help more people understand the BNB reserve refunds feature and how to use it."

Blockpower's head of operations, who took part in the rebate battle, says that BSC is already performing well in terms of performance, as well as mainstream public chains, and is "very friendly to the original smart contract developers".

"100% EVM compatibility makes the protocol deployment process very smooth, and the transaction confirmation speed and experience are very good," said Mindow Yang, founder of dForce, which participated in BSC's protocol deployment of test nodes and test networks. He believes that BSC will provide the DeFi project parties with more options and looks forward to their own core DeFi protocols being deployed on the BSC main network in the near future.

DODO Co-founder & AMP; DeFi; Labs founder Gendai is equally positive about BSC's performance. "Low Gas rates, fast TPS, meet the higher performance platform needs of current DeFi applications," he says.

At present, problems still exist. Yang Mindao believes that BSC is short of initial assets and agreement building blocks, which may be the biggest cold start challenge BSC needs to face. He hopes that in the future BSC will soon deploy a cross-chain agreement with Ethereum to allow assets to flow between the two chains.

The event offers only a small glimpse of the wave of the Coin-DEFi revolution.

The strong will always be strong

What I've found is that the way to really behave like life is not to try to create really complex creatures, but to provide an extremely rich and varied environment for simple creatures. "-- Kevin Kelly, Out of Control

If I move forward in time. You will find that the three-year-old Coon is not a land elephant turning around in the water, but has already quietly entered the sea of DeFi, swimming skillfully.

Spread out the ecological map, you will find a number of businesses rely on the matrix, has long been rooted in DeFi world.

Yuan 'an Ecology (2020.9)

Above the water, the first thing you see are the DeFi projects with crazy currency prices.

According to the market value ranking of CoinMarketCapDeFi project on September 1, Aave(LEND), the current number one, has been on the CoinMarketCapDeFi project since the end of 2017. Both LINK, which was launched at the beginning of 19th, and recently web celebrity YFI, Compound and MakerDAO, CoinMarketCapDeFi project was the first header trading platform for these DeFi projects.

Among them, DeFi Kava and BAND are the most popular IEO debut-band has increased 33 times since its launch price today, while Kava has increased nearly 8 times. The layout is early and the reaction speed is fast. Last month alone, COinstar launched MKR, DAI, RUNE, BAL, SRM, JUST, YFI seven DeFi tokens.

The coin is almost the simplest way to participate, but Zhao Changpeng (CZ), CEO of Coin Security, who always advocates "We Lead, not follow", will never let the coin security stop there.

Coinstone alone has "supported" many DeFi start-ups to participate in construction projects in a deeper way. By the end of August, 20 years ago, the DeFi startups publicly disclosed by COen include DEX platform 1in. exchange, Dune Analytics, Injective Protocol, Foretold Machine Tellor, Payment network Terra, Derivative Protocol Strike Protocol, etc.

Just like Tencent's way of playing, it hands over its uncovered businesses and fields to partners and helps partners with its own advantages, so as to achieve a win-win situation.

If you dive into the water, you will find that the coin security ecology is based on its own business, growing around the stable currency, lending, contract, mining pool, Broker, DEX, currency security chain and intelligent chain.

As a mortgageable and loanable asset, the stabilization currency is an important participant of DeFi. As a coin-based stable currency, BUSD can now be used on mainstream DeFi platforms such as Uniswap, Aave, Curve, Yearn, Kyber, Cream, etc. Cooperation with MakerDao, Compound, and many new projects based on coin-based intelligent chain ecology is being promoted.

Airbnb in Taiwan is also deeply involved in the DeFi ecosystem, as BNB will be the first BNB collateral to join the Kava DeFi lending platform and its holders will receive Kava token airdrop support.

The flow is mutual. In addition to entering its own scrip into DeFi, COon currently supports position rebates on more than 20 projects. With a large amount of scrip and liquidity, Coon is one of the largest pledge lending platforms.

For example, the rising coin mining pool is also closing in on the DeFi type of Staking products. BAND storehouse income products were launched recently and previous dual-currency wealth management products BNB and BUSD were all sold out within 20 minutes.

It is worth mentioning that the money and security ecology uphold the open financial spirit of the business line and contract.

The current number one contract in the contract market, COcoin security, launched DeFi Trading contest and launched KAVA, LEND, SXP and BAND DeFi related trading contracts in July this year. In August, the DeFi Composite Index perpetuity contract was introduced, with USDT as the pricing currency and up to 50 times leverage to allow users to easily track DeFi market changes.

"This helps to lower the barriers for users to enter the DeFi space and helps them diversify their deals," says AaronGong, vice-president of Coon-AHN Contract trading platform.

Now BSC's main network is online, injecting another powerful nutrient into this ecology. "BSC is an ambitious product of Airbnb and will provide a better future for the airbnb and Airbnb ecosystem," says Ian Bourbon, President of the BNB48Club.

4. Open spirit

Destiny disdains to shut out the fearful. zweig

DEX is an important part of the DeFi ecosystem. Currently, the most active companies on the market are Uniswap, Bancor and 1inch. Exchange are all DEX.

Twenty months before the launch of BSC main network, the CURRENCY security decentralized platform (DEX) was launched in early 2019, which was built on the self-developed currency security chain.

With the world's largest trading platform by volume, It was king in its own ecosystem, so why would it do DEX? At that time, established just over two years ago, money security to "self-revolution"?

From the answers of CZ earlier this year, we may have a clue, "I think the biggest significance of blockchain should be to let the value flow more freely." CZ said, "The future of COcoin security will be a decentralized open platform."

Currency an: Open platform

He Yi, cofounder of Cogen Security, has admitted that DEX also struggled, with disproportionate inputs and outputs. But "it's important to be hungry," he says. The so-called sense of hunger, one is to have a higher demand on their own; The second is to be Foolish enough to pursue Foolish choices that are not so smart but will last longer.

Brave and confident head players choose to open themselves and embrace the idealism and change of the blockchain industry, coan chooses "Foolish".

DODO Co-founder & AMP; DeFi; The founder of Labs believes that the launch of BSC's main network will also have a significant impact on DEX. "BSC is very important to DEX's assets, and BSC can provide many projects for the initial sale of new assets through the currency security value."

At the core of the true DeFi spirit is open finance, and COcoin's "open platform" initiative is proving this spirit.

The "open Platform" initiative also includes the launch of the Broker and The Coin Cloud initiative, which aims to provide partners with more local trading platform construction and related services.

More in the brokerage model, it focuses on providing services to teams based on users and traffic. Currently, more than 300 institutions around the world have formally joined the program.

Ecoin Cloud focuses on providing one-stop platform solutions, especially the legal currency trading platform with insufficient service maturity. Currency ahn is currently online currency ahn Korea.

Another focus is the C2C legal tender into-gold platform, which provides users and merchants with a secure scenario of direct transactions with zero handling fee. Currently, 42 legal tender trading pairs have been opened, supporting more than 60 payment methods.

It is not difficult to find that Coinstar is practicing the idealistic vision of "complete decentralization" with every step of practical action of the open platform.

However, the reality remains that "this process will require incremental change, not overnight. What is needed is the coexistence of CeFi and DeFi platforms." "Concluded the CZ.

The beginning of all things

When this era comes, it will be irresistible. Everything wanton growth, dust and dawn rise, rivers converged into rivers, nameless hill rose for the peak, the world was very open. - xiao-bo wu

A lot of people say that DeFi hot spots will pass soon, leaving a trail of chicken feathers behind.

Money Ann has been the attitude seems to always have some "inappropriate".

Coin actively laid out DeFi in the early days of silence, keeping calm and judging in the hot summer of the rush, but firmly believing that the current bubble of the DeFi ecology will be deflated in the wake of the rising "doom-mongers", but the game is far from over and DeFi's future is just beginning.

Coinan is on the path of parallel development in CeFi+DeFi. CeFi is utilized to provide asset liquidity for DeFi while allowing CeFi users to enjoy the ecology of DeFi. As Dovey Wan, co-founder of Primitive Ventures, puts it, one of BSC's biggest strengths is "the liquidity and asset diversity that COinan provides."

The launch of BSC home network will lead everyone to return to rationality and real values, ask again what is the spirit of open finance, and open up a 2.0 "value DeFi" network.

"We want to really create more opportunities for these DeFi partners." Zhang xiaoguang said this and was hurriedly dragged to a meeting with another partner.

For the Coin-An Smart chain team, the push of the online button is just the beginning of the challenge, and the ongoing collaborative access and maintenance to create a new and ongoing DeFi gameplay will be their main battleground.

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