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MIM's token model

pingyanya
October 18
Token quantity, distribution and circulation

NFT can build deep-rooted communities

pingyanya
October 17
NFT is building a strong and special community. In a nascent space like NFT, it's refreshing to find someone who is really interested. NFT enthusiasts discuss in the Twitter space and Discord channels, share lessons learned and warnings about potential risks, and even better share ideas on how to improve their projects.

Crypto.com's EVM compatible chain Cronos mainnet release date postponed to November 8

pingyanya
October 15
Kris, CEO of Crypto.com, said on Twitter that Crypto.com's EVM compatible chain, Cronos, was in the Cassini incentive testnet. The Cronos team discovered several cross-chain bridges with Cosmos Gravity Bridge and Ethereum go-ethereum client ( Geth) related issues, in order to ensure a safe start, the mainnet release date has been moved to November 8. The Cronos team will remove certain Gravity Bridge elements and apply appropriate go-ethereum to fix the errors, and will prepare a new testnet.

The economic security of tokens

pingyanya
October 14
As Justin Drake said in the must-read trilogy published on Bankless, economic security can be quantified, but it is more difficult than it seems at first glance. We can define economic security as the cost of attacking the network. As far as the workload proof network is concerned, economic security is the cost required to obtain 51% of the computing power. These computing power can be obtained by renting and acquiring ASICs. We can estimate the cost of the attack based on the price of the leased computing power and multiplying it by 51% of the computing power. Although this is only a hypothetical estimate, according to crypto51.app data, Ethereum currently ranks first in economic security, Bitcoin is second, and other networks are far behind. Of course, it is impractical to obtain 51% of the computing power, and the actual cost is difficult to calculate. As far as the proof of rights is concerned, due to the many differences between the consensus mechanisms, the calculation will be very complicated.