The bi-weekly newspaper will continue to bring you the recent news of Elastos community. Enjoy your reading. 👇
· Community News·
Chinese Community
● On November 6, Han Feng, co-founder of Elastos attended the EBTC·2020 Future Insights Conference and EBTC2020 Awards Ceremony hosted by Iterduo. At the Conference, he shared the keynote speech “The Future of Decentralized Storage and DeFi” and participated in the award ceremony interview.
At the Conference, Han Feng, co-founder of Elastos, gave a speech titled “The Future of Decentralized Storage and DeFi”. He recalled the difficulties faced by exchanges including OKex and Huobi, etc., and the tortuous development of Bitcoin in the past, and said that the current blockchain industry is not comprehensively developed enough and there is certain chaos, so it is recommended that everyone try not to violate taboos.
He also made the following suggestions. First, for the development of projects, make decentralization as much as possible, and DeFi is an excellent opportunity. Second, try not to put your hands on legal currencies. If everyone keeps these two rules in mind, the blockchain business will prosper. Meanwhile, this year can be considered as a relatively bleak time before dawn, but next year it will be sunny. There are indications that the hot spots of the bull market next year are likely to be DeFi and IPFS. The construction of the second-generation Internet must require decentralized storage. There are also claims that IPFS will overturn the existing US network root directory servers in the future. In addition, there are large capitals that have been paying attention to and invest in this segment. The consensus that it is an important infrastructure of the modern Internet has formed, and the hot spots and trends of the market have been seen.
The real significance of DeFi is that it is an important way to “make data your assets”. The emergence of DeFi allows microdata assets to be traded at a very low cost, reaching a new wealth consensus, breaking the traditional pattern that only centralized exchanges can be circulated. According to the current development trend of DeFi, the logical probability of 2021 is based on decentralized storage of data assets. The current blockchain projects need to be based on market hotspots and take advantage of the integration of independently developed technology, community, and resource to give birth to new hotspots and highlights.
● CR Herald published an article “How Elastos Makes Layout in the Era of Widespread Application of DeFi”, which tells the story of the creation of one-stop financial services of Filecoin from the introduction of Chainlink oracles by Elastos to the integration of the Elastos Ethereum side chain and to joining the FilDA alliance, thus analyzing the results made by Elastos on the way of developing DeFi by stages.
● The Elastos Chinese Community published the article “The True Value of Token ELA of Elastos”, thoroughly explaining the ecosystem value, speculative value, and economic value of ELA in a simple way.
English Community
●Enter Elastos Supernode, together with Song Shijun of the Elephant Wallet, and Bao Song, CEO of Manhattan Fund, held a community Q&A on the FilDA alliance.
Quick Overview of Ecological Applications
●ShadowTokens is a cross-chain bridge between Elastos and Ethereum. With ShadowTokens, users can quickly and reliably transfer digital asset ownership information (ETH, ELA, and any ERC20, ERC677, or ERC827 Token) across chains.
Tokswap is officially released! Learn how to use Tokswap to exchange.
Important data tracking
Important data of Elastos shown in this article include: code update data, market value ranking data, joint mining data, DPoS supernode and other data.
● Elastos Coincodecap platform code data
As a vital embodiment of the value of the blockchain project, code data has always been paid great attention to by the blockchain community. In the code ranking part, the ranking of Coincodecap was captured.
Coincodecap is a data website that specializes in tracking GitHub updates of blockchain projects. It has tracked over 700 projects by capturing GitHub data and is authoritative for technical updates such as blockchain project codes. Among the major platforms for blockchain project code rating, the activity of Elastos code is continuously updated. In Coincodecap’s annual activity ranking, Elastos ranks 18th and Elastos code ranks 23rd.
Source: https://coincodecap.com/project/ELA
● As the world’s largest encrypted data website, Elastos CMC platform data CoinMarketCap is a crucial link in the encrypted currency ecology. The price, market value, circulation and other data it provides are widely referenced by investors and are channels for investors to understand real-time market information such as blockchain projects.
According to CMC data, ELA ranked 191st in the CMC’s market value ranking in August, with a circulation of 17,244,540 ELA and a circulation market value of $24,571,293 USD.
Source: https://coinmarketcap.com/currencies/elastos/ratings/
● Elastos GitHub platform code data
GitHub, as the world’s largest open source code hosting platform, is an important reference basis for open source project code development. Elastos has many code bases on GitHub. Among them, there are a great many of substantial code achievements on the main chain, side chain, Trinity, Carrier, wallet and other code bases of Elastos Project. Many different types of SDK codes provide call methods and authentication methods for different programming languages, and offer rich materials and abundant development tools for the developer community.
Currently, Elastos GitHub database contains a total of more than 100 subproject code bases for community members and developers to view GitHub database, carry out retrieval and view code updates. According to the collation of the developer community, this article presents the daily active code statistics library for the vast number of developers and third-party organizations. The address base contains 22 daily active code bases since Elastos Github was established in 2018. The address of Elastos GitHub’s daily active code statistic library is: https://github.com/elastos/Elastos
Meanwhile, according to the relevant code activity statistical tools provided by the developer community, the update and code activity of Elastos Github codes can be obtained through the statistical tools to retrieve statistical database data.
According to the captured statistical database data, the monthly active data is shown in the figure:
Code Active Data from September 9 to October 9
Total submission
54
Total modification
25,449
Total addition
7,258,532
Total deletion
121
Source: https://github.com/elastos
● ELA merged mining hash power
ELA merged mining, as a crucial component of AuxPoW+DPoS, an Elastos hybrid consensus mechanism, has greatly guaranteed the security of Elastos’s main network by borrowing bitcoin’s powerful hash power. Besides, major mining pools show their support for Elastos and join ELA merged mining in succession. In this way, the main network of Elastos will get stronger and stronger. Data show that the highest peak value of the main network hash power of Elastos is about 51.87% of the total network hash power of BTC.
