BlockBeats Recommended Reading｜What are the authors in the editorial department watching this week?

When the market is in a downturn, we bid farewell to impetuous stories and return to the content itself. The guys at BlockBeats recommend the best articles in their hearts to readers every week, and give the reasons for the recommendation. Readers can also join the BlockBeats community and Discord to communicate and discuss together. This recommendation is only for exchange and learning, and does not make any investment advice. If you also have good articles to recommend, please contact us through the following methods.

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The following is the editor of this issue Recommended content 

Recommended articles: "Web3 Social: A field full of identity crisis but booming"

Recommender: Peter Pan

Recommendation reason:What is the current status of Web3 social networking, and what challenges are they facing?

While existing Web2 social networking platforms lead to data and security breaches, as well as issues such as manipulation of public opinion and the spread of disinformation, Web3 presents a different value proposition. Web3 Social aims to build open platforms where users can own any content they create, digital avatars they acquire, and even their social layer, digital assets created according to interoperable standards on public blockchains is portable and transferable, so users are not locked into a specific platform.

However, although Web3 is composable and applications can be generated using Different data models, but the reality is that various protocols define their own data and business indicators according to their own business logic and operation needs. It is unrealistic for an application to just grab and use any data models and algorithms created by other protocols.

Also, decentralization of data and information and user ownership of data and content is a great narrative, but decentralization comes with higher costs, users have to pay to use these protocols, Decentralization itself is of no immediate practical or urgent significance to most users. Furthermore, compared with Web2's market based on scarcity, reputation or authenticity, which needs to be bound to individuals, it still takes time to find its native business model, which should be unique from the existing Web2 model. place.

Recommended article: "Ethereum What should we really be concerned about when hard forking? " "After reading these ten articles, you can understand all knowledge points of Ethereum merger"

Recommender: 0xLaughing

Recommendation reason: In the coming September, Ethereum will usher in Pos upgrade/merger, and at the same time It is very likely that a hard fork will occur to preserve the traditional PoW mining mechanism of Ethereum. This upgrade is crucial to the Ethereum ecology and the entire encryption world, but there are still many people who have some misunderstandings about it: "Gas fees will be reduced after the upgrade", "The transaction speed will be greatly improved after the upgrade" , "The assets will double after the hard fork" and so on. The two recommended articles respectively explain the most critical issues that need to be paid attention to in mergers and hard forks, which are of great benefit to gain a deeper understanding of this major event in the encryption world.

Recommender: crescent

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Reason for recommendation: While learning Web 3 knowledge, you can also learn about other financial industries. This time I recommend some information about the banking industry article. The article expresses some thoughts on current banking problems in a popular tone, which can help us understand the relevant knowledge in an easy-to-understand manner, and look at the author's analysis of the profit model of each bank, the strategy used, the bottleneck of China Merchants Bank's scale expansion, net interest margin, and bank dividends. What to think about.

Recommended article: "Letter 30: Creator Royalty in NFTs》

Referrer: Cookie

Recommendation reason: The article deeply considers the relationship between NFT royalties among creators/teams, collectors, and speculators, and proposes some alternative incentive models. Sudoswap, which already has 0 royalties, and X2Y2, which already supports optional 0 royalties, can no longer ignore the cultural and spiritual challenges of supporting creators. How to find a better incentive model? More importantly, cultivate an audience that supports creation and make royalties a social contract in the NFT world?

Recommender: Zhang Wen

Reason for recommendation: Discuss the underlying logic of currency, credit currency support After so many years, should there be a new currency system in the future, will it be virtual currency?

Recommended Article: "Three Arrows Capital in the Eyes of Others: Invincible to hide in Tibet"

Recommender: Misaki

Reason for recommendation: An article revealing the inside story of Three Arrows Capital, analyzing the motivation behind Davis and Sui from their tweets and multiple cooperative projects. After Sanjian ran away, many Crypto companies that lent money to Sanjian went bankrupt. Because of Three Arrows' reputation as the gold standard, some lenders don't ask for audited financial statements or any documentation at all. But it was this kind of trust that pushed everyone into the abyss.

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