ChainStore

On October 5, 2020, the crypto service comparison website Cryptowisser announced its crypto exchange graveyard. Data shows that so far this year, 75 cryptocurrency exchanges have been shut down, either voluntarily shut down, hacked, shut down by the government, or disappeared directly from the Internet!

According to data released by Crypto Wisser, 5 exchanges were flagged as frauds, and 4 exchanges including Altsbit and Nerae were pointed out that they were closed due to the attack.

A total of 31 exchanges voluntarily closed, and 34 were marked as "MIA"-that is, they disappeared without any explanation. Dutch exchange NLexch and Chilean exchange Chilebit are the only two exchanges announced by their respective governments to close in 2020.

Today we will analyze the commonality and main reasons behind the closure of digital asset exchanges:

1. From the possible problems of the exchange itself

(1) Operation and maintenance costs are too high, some exchanges are due to the fact that the income after launch is too low, the later operation and maintenance costs are too high, the funds cannot make ends meet, or the investor's sudden withdrawal of funds and other reasons caused insufficient funds, which caused the exchange to close down.

(2) Hackers attacked the exchange and stole the assets, causing the platform's capital chain to break and unable to repay the user's funds, thus being forced to declare bankruptcy.

(3) The operation of the platform touched the bottom line of the law, and the platform was shut down due to supervision and investigation.

(4) Use exchanges to cut leeks, quickly go online to attract users to raise funds, and run away with technical problems after reaching the target.

2. Explain from the macro trend

(1) The increase in regulatory pressure, in addition to some exchanges, such as Nlexch in the Netherlands and Chilebit in Chile, were directly closed by their respective governments; some were voluntarily closed, and most exchanges that voluntarily closed were also affected by this reason. Impact.

(2) The explosive growth of DeFi and the rise of decentralized exchanges in 2020 can not ignore the impact on traditional exchanges. According to ICO Analytics data, most centralized exchanges, including mainstream transactions such as Binance and Coinbase As a result, website visits have dropped by more than 10%. On the other hand, Uniswap's website traffic increased by 43%.

3. From the perspective of industry competition

Since the birth of the cryptocurrency industry, cryptocurrency exchanges are almost at the top of the food chain in the currency circle, and they are destined to be only a few.

The digital cryptocurrency investment market has now entered the stock market, and user growth has been weak. The "28th law" is extremely obvious. The top 20 leading exchanges have already collected 90% of their profits, and there are tens of thousands of others left. Small exchanges go to divide the remaining 10% of profits.

The exchanges in the EZB bull market unplug the network cable to run away without any announcement. Bitisisi exchange fraud...There are still many unknown exchanges that have closed their doors without knowing the reason.

For those exchanges with no trading volume, what awaits them is to announce the closure of the door in a dingy manner, or to disappear directly for unknown reasons.

About us-ChainStore

Most cryptocurrencies are decentralized without the support of a central bank or government. In the world of blockchain, whoever has the private key means who owns the asset ownership corresponding to the private key.

This also means that when the private key of your own currency such as Bitcoin or EOS is stolen, it cannot be stolen like a traditional bank savings card or credit card. The bank can return the lost or stolen money to the account holder. You can only bear the losses yourself.

In order to protect the security of our digital currency, the wallet is very important. It is a tool for storing and using digital currency. According to different storage methods, it can be divided into cold wallet and hot wallet. Distinguish between cold wallets and hot wallets to see if they are online. Each of these two wallets has its own merits, which is very important, no matter which kind of wallet, we need the careful care of our holders.

1. Cold wallet

A cold wallet is an offline wallet used to store cryptocurrency.

If you hold a large amount of cryptocurrency, using cold wallet to store idle funds is a relatively safe option. As an offline wallet, because it is not connected to the Internet, the outside world generally cannot access the location where the private key is stored through the network, so you can Avoid hacker attacks or viruses in the Trojan horse.

2. Hot wallet

Contrary to cold wallets, hot wallets are wallets that are stored via the Internet.

Hot wallet refers to a wallet that can access your private key on the Internet. Hot wallets are often in the form of online wallets. When using hot wallets, it is best to set different passwords on different platforms. And open the second certification to ensure asset safety. In general, hot wallets are commonly used by ordinary retail investors because of their ease of use. Large wallets only use cold wallets because of the huge assets and prevent the risk of hacking.

3. Cold wallet vs hot wallet

In terms of security, hot wallets are not as good as cold wallets. The networking function makes hot wallets slightly inferior in terms of security.

In May 2019, the exchange Binance happened to be hacked and stolen 7000 bitcoins from the hot wallet. However, if you consider it from a portable perspective, the hot wallet under the network state can conduct asset transactions at any time, and the user experience is more convenient and fast.

4. User guide

1) Back up the private key and mnemonic words

For the secure management of digital wallets, you must make a backup and storage of private keys or mnemonics. Remember that mnemonic words and private keys must not be screenshots stored in mobile phones or stored online in cloud disks, do not copy and paste on social platforms, and do not transmit "private keys, mnemonic words, passwords, keystores via the network.

2) Don't download software that can't come from

Don't download software from unknown sources, especially those related to cryptocurrency assets. Download software must be downloaded through the official website. If you enter the private key in these ways, it is technically easy to obtain.

3) Do not connect to public WiFi

I have heard that people have stolen Alipay payment passwords using public WiFi before. The same is true for digital currency wallets, which can easily be stolen inadvertently.

Cold wallets and hot wallets have their own advantages and disadvantages, which one should you choose?

The editor believes that it should be used according to the respective digital currency assets. A small amount of digital currency that is often used for trading can be placed in a hot wallet and used as ordinary change; a large number of high-value digital currency assets are placed In the cold wallet, as long-term storage assets.

Last year, the central government showed a high degree of attention to blockchain, emphasizing the importance of using blockchain as an important breakthrough in independent innovation of core technologies. For a time, blockchain became the focus of public attention.

But in fact, the blockchain has become popular because of policy, but the development of blockchain games for more than two years is still tepid and slightly declining. Can't help but make people think, do games really need blockchain technology? Is the chain game a real opportunity for developers?

01. Current status of the game industry

Speaking from the current game industry market, the "2019 Global Mobile Game Market Chinese Enterprise Competitiveness Report" jointly released by Gamma Data and Newzoo announced the 2019 "Top 20 Global Mobile Game Market Chinese Enterprise Competitiveness", with Tencent and NetEase ranking first Two. Tencent, NetEase and other head enterprises basically monopolized the industry's traffic resources. They clearly felt that the game industry was tightening, the head effect was becoming more and more obvious, and the industry was a bit lost.

At present, the game industry market is still growing at a high speed, and the speed of shuffling is also intensifying. The opportunities for the entrepreneurial team are basically fewer and fewer.

02. The predicament of chain games

When referring to the dilemma faced by Lianyou, users generally feel "not fun", developers generally feel "not making money", sparse user numbers, lack of game types and gameplay, etc. These are already commonplace. However, these problems have not been resolved.

In addition to the above problems, what is even more worrying is that game development needs real money, and it is difficult to do things without money, the project does not make money, resulting in few developers entering the game, and the funds do not dare to risk betting on the industry. The plight of lack of cash flow makes people worry about whether the project will die because there is not enough cash flow.

03. the advantages of chain travel

First, there is no doubt that the game mechanics are more transparent. In terms of game rules, blockchain games will be embedded in the form of smart contracts. In traditional games, players cannot see the key parameters such as "lottery probability" and "crit rate". Manufacturers can arbitrarily adjust these parameters to achieve their own goals, sometimes accompanied by damage to the interests of players.

Using blockchain, we put the core logic and parameters of the game on the smart contract, eliminating black box operations, and thus ensuring the fairness of the game.

The second is the change in the form of game assets brought by the blockchain. Centralized games, props, game coins, etc. are all stored in the database of the game manufacturer and are completely controlled by it.

The blockchain uses encryption to confirm the power and realize the real privatization of game props, which is truly owned by players. Even on this basis, assets can be traded anytime, anywhere.

Third, the free trading market in blockchain games. Blockchain games maximize the rights of players. Through a decentralized matchmaking market (not controlled by any game manufacturer), traditional games are due to in-game economic regulation, and some prop assets cannot be traded (such as binding equipment, Cash items).

Players can freely buy and sell their game assets. At the same time, the transaction value of game assets also endows the asset's collection attributes. The assets of the game can be packaged in the form of tokens, listed on the transaction, and let tokens be used as a medium to transfer and circulate assets.

The fourth is the transformation of customer acquisition methods. The existence of Token can also be used as a customer acquisition mode to attract more players to join.

04. Conclusion

Now that the game industry has entered the second half of the oligopolistic market, blockchain games are undoubtedly a great outlet for the entrepreneurial developer team to break through. People's predictions of the future often cannot escape the limitations of technology and thinking at the time. Just like before 4G was officially put into commercial use, we can't imagine that in just a few years now, 4G has profoundly affected everyone's life. Similarly, now we can't imagine what kind of surprises the blockchain game can bring us, let us wait and see.

We believe that the future is here, but not yet popular.

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About us-ChainStore

All along, games are considered to be one of the best large-scale application scenarios of blockchain. With the explosion of Cryptokitties at the end of 17th, many other blockchain game developers have also poured in.

After going through the cycle of being hailed and questioned, 2020 may be a crucial year for blockchain games to prove themselves.

01 Blockchain: a new prescription for the gaming industry

Blockchain games have the characteristics of directly facing customers and transparent game assets. In recent years, game companies have turned their attention to blockchain game development projects. In September 2019 alone, more than 20 game companies have announced their participation in the blockchain ecosystem and are engaged in the research and development of blockchain games.

With the huge market prospects and the advancement of 5G technology, it is expected that in 2020, the global online game market will exceed 151 billion US dollars, and mobile games are expected to account for more than half of the total output value.

 Virtual products, advertising and guided consumption are the main profit-making means of the game industry. According to statistics, as one of the fastest-growing products, virtual product consumption has a compound annual growth rate of approximately 15.2%. Among them, 33% of players consume once a month, and 25% of players consume once a week.

 As can be seen from the above set of data, the game market is a very big cake. Especially when 5G technology has landed, the rapid increase in network speed will also change the previous game mode. The revolution has come. Blockchain technology and 5G technology are like a generator with huge power, and will soon promote a new round of iterative update of the game market.

02 Blockchain technology provides a solution to the stubborn diseases of traditional games

 In blockchain games, users are both game participants and sharers of the future benefits of the game. In traditional games, the ownership of the virtual assets of the game (game equipment, skin, etc.) is not owned by the user, but by the game manufacturer. Trading game assets between users is not allowed.

 Blockchain games can guarantee the security of game accounts and allow players to own the ownership of game assets. Players can directly trade props or coins in the form of contracts on the chain without being tampered with maliciously. Blockchain technology makes the virtual assets of the game closer to the physical assets, and the security requirements of the game are also higher.

03 Return to the essence of the game, supplemented by technology, content is king

 Blockchain technology can solve the current dilemma of the game and its derivatives industry to a certain extent. With the introduction of blockchain technology, the public is bound to be enthusiastic about its application, but it must be faced that the carrier and technology of modern games have experienced For decades, the essence of the game has not changed, it is to be "fun".

 The real core of a game is its experience and content, which is the main factor that allows players to stay.

 In the past, game marketing often only mentioned gameplay, not technology, but blockchain was quite different. Many teams only talked about technology, not gameplay. So far, it seems that blockchain games have not yet made a major breakthrough in gameplay, and the entire industry has not yet seen unique products with unique gameplay.

04 The winding road of blockchain games

 The current blockchain games are just as the Internet was just developing. There are always a lot of unsatisfactory places. A survey report of BlockchainGamer.biz in the second half of 2019 pointed out that more than 60% of respondents believe that the main obstacle to mainstream blockchain game adoption is still the quality of the game.

 05 Postscript

 When an emerging industry emerges, it certainly cannot be perfect. If you want to actively explore the future and open up a better world of chain travel, you must have experienced many failures and attempts. The blockchain game field is bound to use the various advantages of the blockchain to attract a large number of players and create explosion-proof applications that appear like elephants, so that the blockchain can truly enter the vision of billions of gamers.

About us——ChainStore

ChainStore (chain store), the world’s first blockchain application store, integrates news resources, exchanges, market software, wallets, industry applications, content communities, blockchain games, candy benefits and Dapp and other resource entrances. Blockchain application download artifact created specifically for blockchain users.

Most people's cognition of blockchain games may stay in the era of Ethereum, which is the peak of its debut in 17 years, and believe that blockchain games are still not good.

But in fact, after two or three years of development, blockchain games have already ridden the dust. In 2020, games may become the tipping point for blockchain industry applications.

The biggest difference between blockchain games and traditional games is that traditional games can only attract users through entertainment. While considering entertainment, blockchain games must be designed through a reasonable economic model to allow early participants to earn For money, many people participate in the game with the purpose of investment.

In the traditional games of the past, whether it is the formulation of game rules, the design of scenes, or the attribution of props, the decision-making power rests with the game developer. The blockchain game is different, it has a clear decentralized color. With this decentralized technology, game developers have no right to change the rules of the game arbitrarily. The rules of the game will be completely transparent and stable, and players can control the ownership of props and can freely trade.

The advantages of blockchain games are huge, but in the early development, the disadvantages are also very obvious.

From the user's point of view, the real attraction of the game lies in the playability and interactivity, as well as the wonderful visual effects, and the current blockchain games cannot attract a truly broad mass of people; the market lacks excellent works, The game itself is poorly playable; policy risks. Currently, the data transactions of blockchain games are largely in a regulated state, and there are certain risks.

At present, the combination of blockchain application and game is the best point, and there has been a successful model of encryption cat. Realizing the true value of virtual assets and free flow on the blockchain is the perfect fit. From the perspective of market economy, the market prospect of blockchain games is still worth looking forward to.

About us-ChainStore

ChainStore (chain store), the world's first blockchain application store, integrates news resources, exchanges, market software, wallets, industry applications, content communities, blockchain games, candy benefits and Dapp and other resource entrances. Blockchain application download artifact created specifically for blockchain users.

With the rapid development of the blockchain, various blockchain-based projects have sprung up, which has become a technological innovation and trend. It is reported that on September 20, 2019, the DCF global cloud node will be officially launched online. The launch of DCF's global cloud nodes will drive the development of users around the world. Effectively driving the market value of Dogecoin has established a safe and stable operating environment for investors and users.

Dogecoin was born on December 8, 2013. Based on the Scrypt algorithm, and Litecoin is a type of network, both of which are improvements to Bitcoin. It is the second largest virtual currency in the world after Bitcoin. After the dog currency system was launched, due to the help of reddit (the content of Doge on this website was terrible), the traffic showed explosive development, but in two weeks, the dog coin has been opened up a special blog, forum, as of 2019 The market value reached 2.199 billion, ranking 28th in the global market capitalization. Dogecoin, which has a lot of potential, has been a growing number of fans since 2013, but because Dogecoin has been biased towards technology and weaker than marketing, the market value is not proportional to the market. For this reason, DCF Global Cloud Node was born.

The birth of DCF Global Cloud Node is dedicated to the better development of Doracoin on a global scale, and effectively solves Dogecoin's market value marketing pain points for many years, accelerates production reduction, increases node consensus, and brings benefits to the public, thus forming a virtuous circle.

DCF Global Cloud Node solves Dogecoin’s market value marketing pain points with strong marketing operations

Let Dogecoin's market value increase rapidly and maintain a high level, which is absolutely good for users and investors.

How good is the DCF global cloud node? There are two major advantages in two aspects. 

Driving appreciation 

First, open up with Dogecoin's global community, promote community building, and bring together global user power to promote the overall value of Dogecoin.

Second, multi-industry access, directly expand Dogecoin's application basin, accelerate the construction of circulation nodes, let the circulation generate value, let the circulation drive market value increase, form a global user to promote Dogecoin, promote DCF global cloud nodes, and vice versa, A virtuous circle is formed to double the double market value.

Income system

First, the lease cloud node: the cloud node price 2000RMB equivalent USDT, a single account can purchase up to 20 cloud nodes;

Second, the cloud node function: the system automatically gives the mining machine according to the activated mine pool category selected by the investor, and the number of miners given in each category is different;

Third, the mining machine function: each mining machine can produce dogecoin as a fixed income every day;

Fourth, the exit mechanism:

1. The lease expires and exits without deducting the handling fee;

2. Withdrawal from breach of contract; deducting profit and 10% of principal; 3. No income beyond the principal may be withdrawn;

4. Withdrawal: Can be withdrawn every day, 8% handling fee within seven days, 3% handling fee for seven days or more;

Sixth, the burn mechanism: the dynamic bonus is burned according to the number of leased nodes;

Seven, static

Class A Seven-day cloud node gives 10 sets of mining machines. Daily income 0.5% monthly income 15%

Class B 15 Day Cloud Node Gives 16 Mining Machines Daily Revenue 0.8% Monthly Revenue 24%

Class C 30-day cloud node gives 20 sets of mining machines. Daily income 1% monthly income 30%

Class D 90-day cloud node gives 30 sets of mining machines. Daily income 1.5% monthly income 45%

Class F One-year cloud node gives 40 sets of mining machines. Daily income 2% monthly income 60%

Eight, dynamic award

Push a few generations, up to ten generations (percentage of static gain per day)

Generation: 50% second generation: 30% three generations: 20% 4-10 generation: 5%

IX. Community rewards (% of new performance)

V1 team 300 mining machines 1%

V2 direct push has 2 V1 2%

V3 direct push has 2 V2 3%

Six major functional advantages of DCF:

1. Capital security: In your own unique currency wallet, the block browser can check the flow of coins.

2, super high yield: 15% -60% static free choice

3, flexible and convenient: Dogecoin transfer speed is fast, real-time access does not cause accidental loss

4, the risk is controllable: the gold standard refuses to cut the leeks, can withdraw at any time

5, the transaction is convenient: 98 exchanges around the world can be transferred

6, no routine: no internal platform platform, everything depends on the international market

From the birth to the present, digital currency has always been a very hot topic, and there are different opinions on the future development trend of digital currency. As far as the current form is concerned, global changes are faster and unpredictable. In the future, the development of the digital currency industry will be full of more variables, and it is necessary to pay close attention to the development of the market. But one thing is certain is that Dogecoin's market value has skyrocketed, and DCF global cloud nodes are worth having!

This revision is one of the things we have been planning for a long time.

 Although the 3.0 version continues the previous design style, the interface layout has changed a lot, and the corresponding experience has been optimized.

 Perhaps you have also felt this way: I feel that there is a lack of ways to find welfare activities, a lack of understanding of the blockchain, and a lack of a platform to download blockchain applications, but I don’t know where to look. Anxiety often accumulates over time, and more anxiety every day, has continued.

 We hope to ease your anxiety. Want to find more convenient welfare activities? Want to see a more comprehensive blockchain knowledge? Want to find valuable blockchain applications faster? We are all ready for you! In the first half of 2019, ChainStore fully deployed version 3.0, making it easier and more comprehensive to enhance your game and user experience.

 The ChainStore 3.0 version wants to give users a better experience, listens carefully to the user's comments and suggestions, and simulates the scenarios when different users are using ChainStore. A lot of functions have been added, the details have been optimized in all aspects, and the activity benefits are only a lot more. As Zhang Xiaolong, the father of WeChat, said, a good product is to help users achieve their goals quickly, rather than kidnapping users.

 ChainStore version 3.0