eidoo
1+ Views

5 Things to Know Before Starting Trading Crypto


Cryptocurrencies are in the spotlight again, as the pandemic exposed the weaknesses of today’s financial system, prompting retail and institutional investors to look for Store of Value (SOV), as well as high-yielding assets. The ongoing discussions about the need for digitalization in the context of lockdowns and the surging unemployment levels across many countries have stressed the need for decentralized and safe money along with better investment options.

Crypto assets are booming thanks to their unique characteristics related to decentralization, security, and immutability. Bitcoin skyrocketed well above its 2017 high, while DeFi tokens have consolidated as an independent crypto asset class. The new conditions attract many retail investors and traders that interact with cryptocurrencies for the first time.

Many novice investors are probably wondering whether it’s too late to join the crypto trend since Bitcoin is trading near $50,000. The truth is that there are many investment opportunities besides Bitcoin.

To that effect, we’ve compiled a shortlist of key aspects that will help you understand how to start trading cryptocurrency:

#1 Crypto Asset Categories


To begin with, cryptocurrency is a vague term today, as there are many types of digital assets. Learning about the different categories of cryptocurrencies will help you better understand what is best for you in terms of investment opportunities.

In general, you should know that cryptocurrency usually refers to a digital coin that has its own standalone blockchain and is meant to be used for payments and transfers. Elsewhere, a token is a digital asset with wider functionality that is built on top of an existing blockchain. For example, the overwhelming majority of tokens today are developed on Ethereum, which provides the so-called ERC-20 standard to facilitate token creation.

That being said, here are the main categories of crypto assets:

Cryptocurrencies — this group includes digital currencies built on public blockchains. The most illustrative example is Bitcoin, which is the oldest and by far the largest cryptocurrency by market capitalization. Other examples are Litecoin, Ripple, Stellar, and Bitcoin cash. There is a subgroup called privacy coins, which have an extra layer to ensure true anonymity. ZCash and Monero are the most popular privacy coins.

Utility tokens — these tokens have a special function within a given ecosystem. Some examples are Basic Attention Token and Golem.

Stablecoins — these tokens are pegged to fiat currencies, most often the USD, with a 1:1 ratio. They are used as a bridge between the crypto industry and traditional finance. If you plan to start trading crypto, you might convert your fiat deposit into stablecoins, and then buy any coin you like.

DeFi tokens — Decentralized Finance (DeFi) is the biggest trend right now. This is a group of blockchain projects whose aim is to move financial services to decentralized infrastructures. The native tokens of these projects are often referred to as DeFi tokens. Some examples are AAVE, SUSHI, UNI, and LRC (Loopring).

Non-fungible tokens (NFTs) — every NFT that exists on a blockchain represents something unique and usually cannot be replicated, though it is possible to issue any number of NFTs to represent the same object and thus have the same value. The point is that NFTs are not mutually interchangeable like Bitcoin, for example. These tokens can be implemented to tokenize real-world items. They are also used in collectible games and crypto art, among others.

#2 Building Your Cryptocurrency Portfolio


In any market, the main approach to reduce potential risk is diversification and hedging. Your crypto asset management operations should rely on those key goals.

While there is no allocation standard when it comes to building a crypto portfolio, it should include large cap (cryptocurrencies whose market cap is over $10 billion), medium cap (cryptos with market cap between $1 billion and $10 billion), and small cap digital assets. The latter usually have tremendous growth potential because, unlike large-cap coins, they have room to increase in value by several times in a short span. The greatest part usually goes to well-established cryptocurrencies, such as Bitcoin and Ethereum. They should keep your portfolio resilient. On the other end, you should also bet on several DeFi tokens — they are much riskier but have room for growth.

#3 Trading Styles and Forms of Analysis


If you create a portfolio with a long-term goal, you may consider yourself a crypto investor. However, if you want to be more active and speculate on the price of cryptocurrencies, you are trading crypto assets rather than simply investing. Trading requires more time and dedication.

The three main trading styles are day trading, swing trading, and long-term or position trading. The main aspect that separates these styles is the timeframe, which dictates the approach and position size. For example, if you are a buy and hold trader (long-term), you would be interested in investing a larger amount.

No matter the style you prefer, there are two main types of analysis that both traders and investors use:

Fundamental analysis — this is a method to assess the real value of an asset’s price based on the project’s potential, competition, the experience of the team, etc. For example, when you conduct fundamental analysis, you may browse through the latest news related to crypto-assets regulation, crypto integration by large companies, high-profile partnerships, and so on.

Technical analysis — this method is about analyzing the cryptocurrency’s price action alone. The main object of technical analysis is the chart. Traders can use indicators and patterns to analyze historical data and anticipate the next price moves.

#4 Risk Management and Setting Goals


One of the essential aspects of crypto assets trading is risk management. Unfortunately, it is often ignored by many beginners who want to experience success within days.

You should start by setting reasonable goals in the medium and long-term. Whenever you lose, don’t get disappointed. Instead, treat it as a learning experience.

While the crypto industry offers many opportunities, you should never invest more than you can afford to lose. Needless to say, it is not recommended to start trading crypto with borrowed funds.

If you are an active trader, the golden rule of risk management is to never invest more than 1% of your balance per trade.

#5 Choosing a Platform to Buy, Store, and Trade Crypto


The success of your trading journey might also depend on the trading platform or the digital wallet you use. Thus, you should make sure to deal with reliable services.

You can get a digital wallet and then use the funds to trade crypto assets on an exchange platform. A better alternative would be to use a product that integrates both a wallet and a trading venue. One good example is Eidoo. Its flagship product is a non-custodial DeFi-oriented wallet, but it represents an entire ecosystem that also integrates a DeFi exchange.

With Eidoo, you can easily create a crypto portfolio and implement DeFi strategies that go beyond trading, such as yield farming and staking. This is where you can both store your digital assets securely and make them work for you.

Cryptocurrencies bring major transformation to the financial system, and there are still many opportunities for retail traders.

Enjoy your trading journey!
Comment
Suggested
Recent
Cards you may also be interested in
What is Binance Smart Chain?
What is Binance Smart Chain? A blockchain that works in parallel with the binance chain is the best description of the binance smart chain (BSC). Unlike the binance chain, BSC specializes in smart contract functionality and compatibility with Ethereum virtual machines (EVMs) . BSC’s design goal was to maintain high throughput in the binance chain while introducing smart contracts into the ecosystem. Virtually both blockchains are moving side-by-side. BSC is an independent blockchain that can operate even if the binance chain goes offline. However, both chains are very similar in design. BSC supports a wide variety of Ethereum tools and DApps from launch for EVM compatibility . In theory, support makes it easy to migrate projects on Etherium to BSC. This means that users can easily configure applications like MetaMask to work with BSC. In fact, Bridge Smart Contract Development Services it’s just a matter of tweaking the settings. For more information, see How to use MetaMask with Binance Smart Chain . Are you considering purchasing virtual currency? Buy Bitcoin with Binance. How the Binance Smart Chain works consensus Binance SmartChain achieved a block time of less than 3 seconds with the Proof-of-Stake consensus algorithm . More specifically, I use what is called the Proof of Staked Authority (or PoSA ). Here, participants must stake the BNB to become a validator. If the validator proposes a valid block , they will receive the transaction fee included in the transaction. Unlike many other protocols, BNB does not inflate, so you won’t get a new BNB as a block reward. Rather. As the Binance team regularly burns BNB, the number of BNB in circulation will decrease. Cross chain compatible The Binance Smart Chain was conceived as an independent system that complements the existing Binance Chain. Dual-chain architects were used for the idea that users can seamlessly transfer assets from one blockchain to another . This method allowed us to balance high-speed trading on the binance chain with building a powerful decentralized app on the BSC. This interoperability has created a vast ecosystem that can accommodate a myriad of use cases. Binance Chain BEP-2 and BEP-8 tokens can be swapped for the new standard BEP-20 tokens introduced in Binance Smart Chain. If you read the article about ERC-20 tokens, Cross chain bridge development you already know the format of BEP-20. Because BEP-20 is exactly the same as Ethereum’s ERC-20. The simplest way to move a token from one chain to another (eg BEP-2 to BEP-20 and vice versa) is to use the Binance Chain Wallet available in Chrome and Firefox . Probably. For this guide, see the Binance Chain Extension Wallet article. Decentralized finance on the Binance smart chain You know that many digital assets such as BTC , LTC , ETH , EOS and XRP already exist on the binance chain as Peggycoin. Peggy coins are assets on the native chain and tokens that are pegged. For example, suppose you decide to lock 10BTC in order to receive 10BTCB on the binance chain. In that case, you can trade 10BTCB and 10BTC at any time. This means that the price of BTCB will be about the same as the price of the original BTC. This will allow you to efficiently transfer these assets onto the binance chain. If you’re curious about how this can be achieved , see the instructions on how to tokenize Bitcoin on Etherium . The flexibility provided by Binance Smart Chains allows you to use assets on several separate chains in the fast-growing DeFi space. For example, applications like pancake swaps allow users to exchange assets in Trestress (similar to Uniswap ), further yield farming, and vote on suggestions. I can do it. Similar projects include burger swaps and bakery swaps . summary Binance Smart Chain greatly extends the functionality of the original Binance Chain and introduces state-of-the-art protocols designed to bridge the gaps between various blockchains. Although still in its infancy, EVM compatibility and BNB staking make this platform an ideal engine for developers building powerful decentralized applications. If you still have questions about Binance Build a cross chain bridge, ask at Ask Academy , where the community can answer those questions. Also, see the white paper for more technical details on the Binance Smart Chain .
(no title)
What are Ethereum and smart contracts? In the process of understanding the blockchain , Bitcoin is always the first concept that comes into contact with, and there is another word that is often mentioned together with Bitcoin, that is Ethereum . Ethereum’s high recognition is inseparable from its core function: the construction and execution of smart contracts. Many investors in the currency circle don’t know much about this. The blockchainx will give you a brief understanding of Ethereum and Bridge Smart Contract Development Services. (1) Comparison of Ethereum and Bitcoin Bitcoin and Ethereum are always compared, and their similarities are: All successful blockchain applications All generate tradable digital currencies (coins) on their own systems Their coin consensus is high (Btc first in market value, Eth second in market value) and has investment value But in essence, there are also big differences between the two: from the nature of its blockchain system and the mechanism of digital currency generation: Bitcoin is positioned as a peer-to-peer electronic cash system Ethereum is positioned as a decentralized application platform, which allows anyone to build and use decentralized applications running through blockchain technology in the platform. Specifically, Bitcoin is the first mature application of blockchain technology, a commodity and investment product whose legality has not yet been agreed upon, while Ethereum is the first large-scale application of smart contract application platforms. It is ecological and can be widely used in various industries. It is an upgrade of the Internet. If Bitcoin is called Blockchain 1.0, then Ethereum is Blockchain 2.0. Furthermore, instead of giving users a set of pre-set operations (such as Bitcoin transactions), Cross chain bridge development Ethereum is a programmable blockchain system. It includes cryptocurrencies, but is not limited to that, but can serve as a platform that allows users to create as complex operations as they wish. A simple analogy: Bitcoin is like a program with transaction functions, while Ethereum is an operating system. Using Ethereum, this system can run blockchain programs (Dapps) with various functions. These programs are mainly It is all types of smart contracts. (2) Ethereum’s operating mechanism & smart contracts Like all other blockchains, Ethereum requires thousands of people to run a piece of software on their personal computers to power the entire network. Each node (computer) in the network is used to run the Ethereum Virtual Machine (Ethereum Virtual Machine, EVM). Think of the EVM as an operating system that understands and executes software written in a specific programming language on Ethereum. The software or application executed by the EVM is called a “smart contract”. A smart contract is a computer protocol designed to inform, validate or execute a contract. Smart contracts allow for trusted transactions without third parties that are traceable and irreversible. This is because once a contract is written, it cannot be edited or modified. Therefore, you can guarantee that no matter what the content of the contract is, it will be executed unconditionally. What smart contracts provide is a security that is superior to traditional contracting methods and reduces other transaction costs associated with contracts. To run smart contracts on the Ethereum system, you need to pay. However, payment is not made in conventional currencies such as USD and GBP. Instead, it uses Ethereum fuel — gas. The official recommended programming language for smart contracts is Solidity, and the file extension ends with .sol. The Solidity language is very similar to JavaScript, and it is used to develop contracts Ethereum Virtual Machine byte code. (3) Purpose of smart contracts A simple example of what a smart contract can be used for: Suppose we bet on the weather tomorrow. I bet it’s sunny tomorrow, you bet it’s rainy. We agreed that the loser must give the winner $100. So how do we ensure that losers will keep their promises? There are three common ways: 1. Mutual trust The easiest way is to trust each other. Trusting each other is easy if we have been friends for many years and know each other well. But if we were strangers, it would be troublesome and it would be difficult for us to trust each other. 2. Sign a legal agreement Another way is to enter into relevant agreements for our bets. It details the terms of the wager, including what happens if the losing party breaches the agreement. The agreement ensures that the loser pays the winner, but this is unrealistic because reaching an agreement through legal means is more costly than wagering. 3. Ask a mutual friend for help We can also find a friend who trusts each other and ask the friend to keep the $100 on their behalf. $100 is paid to the winner when the answer is revealed. But what if the friend ran away with the money? Now we have three different approaches, each with their own drawbacks. Strangers have difficulty trusting each other; legal agreements are expensive; asking mutual friends may also have trust issues. This is where Ethereum’s smart contracts come in handy. Smart contracts are mutual friends of both parties and are written in code. Ethereum allows us to write software that lets two parties pay $100 worth of ether, check the weather the next day with a weather API, and then hand over $200 worth of ether to the winner. (4) What is Gas As I mentioned above, users have to pay a fee when executing a smart contract. This part of the fee will be paid to the nodes that consume memory, electricity, storage and computing, and the unit of cost is called Gas. Finally, the gas is converted into ether (ETH) according to the exchange rate. Gas that needs to be exchanged for ETH is valuable, and when you execute a smart contract, you must define the maximum amount of gas to consume. Execution will stop when it finishes execution or when the gas value is reached. This is to avoid infinite loops in smart contracts and to prevent excessive waste of computing resources. (5) The future of Ethereum Needless to say, the Ethereum blockchain is the most active smart contract platform in existence. 94% of the top 100 coins by market cap were created on Ethereum. Then as long as the currency market does not collapse, the value of Ethereum will never disappear. However, although Ethereum adopts the proof-of-stake mechanism (POS mechanism) in the consensus mechanism, the transaction efficiency of the Bitcoin network has been improved, but it still cannot meet large-scale concurrency and transactions. The performance bottleneck of Ethereum is a major problem restricting its development. Secondly, the scalability, Build a cross chain bridge security and high cost of smart contracts of Ethereum are also constantly criticized. Public chain rookies such as EOS become more active after absorbing the experience of Ethereum, and gradually threaten the status of Ethereum. The upgrade road of Ethereum is not long. Blockchain technology has been developing and improving all the time. To sum up, blockchain 1.0 is the currency, Bitcoin is the representative, blockchain 2.0 is the smart contract, and Ethereum is the representative, then the blockchain 3.0 is the blockchain application that goes beyond currency and financial markets. There will be truly high-quality blockchain applications that will come into our real life.
(no title)
Main types of smart contracts Assuming the reader has a basic understanding of contracts and computer programming, and based on our definition of smart contracts, we can roughly categorize Bridge Smart Contract Development Services and protocols into the following main categories. 1. Smart Legal Contract This is probably the most obvious one. Most, if not all, contracts are legally binding. Without too many technical issues involved, smart legal contracts are contracts that involve strict legal recourse in case the parties involved in the contract fail to fulfill the purpose of their transaction. As mentioned earlier, the current legal frameworks in different countries and regions lack sufficient support for smart and automated contracts on the blockchain, and their legal status is unclear. However, once laws are in place, smart contracts can be created to simplify processes that currently involve strict regulation, such as financial and real estate market transactions, government subsidies, international trade, and more. 2. DAO A Decentralized Autonomous Organization , or DAO, can be roughly defined as a community that exists on a blockchain. This community can be defined by a set of rules, Cross chain bridge development embodied by smart contracts and put into code. Then, every action of each participant will be governed by these rules, tasked with executing and obtaining recourse in the event of a program interruption. A number of smart contracts make up these rules, and they coordinately regulate and supervise participants. The DAO named “Genesis DAO” was created in May 2016 by Ethereum participants. The community aims to be a crowdfunding and venture capital platform. In a very short period of time, they managed to raise a staggering $150 million. However, as hackers discovered loopholes in the system and managed to steal around $50 million worth of ether from crowdfunding investors. The aftermath of this hack caused the Ethereum blockchain to split into two , Ethereum and Ethereum Classic. 3. Application Logic Contract (ALC) If you’ve heard of IoT combined with blockchain, chances are it involves an Application logic contract , or ALC. Such smart contracts contain application-specific code that works with other smart contracts and programs on the blockchain. They help communicate with devices and verify communication between devices (in the IoT world). ALC is a key part of every multifunctional smart contract, and most work under a hypervisor. In most of the examples cited here , they find applications everywhere4 . Application of smart contracts Basically, if two or more parties use a common blockchain platform and agree on a set of principles or business logic, they can together create a smart contract on the blockchain and without human intervention Execute below. No one can tamper with the conditions set, and if the original code allows it, any changes are time-stamped and fingerprinted by the editor, increasing accountability. Imagine a similar situation on a larger enterprise scale and you will see what the capabilities of smart contracts are, in fact a Capgemini study from 2016 found that smart contracts may actually be “years in the future” 5 business mainstream. Commercial applications include insurance, financial markets, the Internet of Things, lending, identity management systems, escrow accounts, employment contracts, and patent and royalty contracts. A blockchain platform like Ethereum, a system designed with smart contracts in mind, allows individual private users to use smart contracts for free. The next article in this series will provide a more comprehensive overview of the application of smart contracts to current technical issues, taking a look at the companies dealing with smart contracts. So, what’s the downside? This is not to say that there are no concerns about the use of smart contracts. This concern has actually slowed this development as well. The tamper-proof nature of all blockchains essentially makes it nearly impossible to modify or add new terms to existing terms if the parties involved need to without major reforms or legal recourse. Second, even though the activity on the public chain is open, everyone can see and observe it. This anonymity creates problems of legal impunity in the event of a breach by either party, Build a cross chain bridge especially since current laws and legislators are not fully adapted to modern technology. Third, blockchains and smart contracts still have security flaws in many ways because the technologies involved are still in their early stages of development. This inexperience with code and platforms eventually led to the DAO incident in 2016. All of this can lead to a large initial investment by a business or company when it needs to adapt the blockchain for its use. However, these are the initial one-time investments, and the potential savings that accompany them, are what interest people. in conclusion The current legal framework does not really support a comprehensive smart contract society, and for obvious reasons will not support it in the near future. One solution is to opt for “hybrid” contracts , which combine traditional legal texts and documents with smart contract code running on a blockchain designed for this purpose. However, even hybrid contracts remain largely unexplored, as innovative legislatures are required to implement them. The applications briefly mentioned here and more will be explored in detail in the next articles in this series .
How to Select an NFT Token Development Company?
An NFT Market – a great startup idea for 2022. Find a professional NFT token development company and start making money – non-fungible tokens are expected to become the top trend of the year. Why is NFT so popular? Non-fungible tokens are the perfect means of providing proof of ownership of any asset. These are unique tokens that cannot be counterfeited, thanks to the blockchain network that ensures their integrity at all times. In the beginning, NFT technology was used in art and gaming industry, the two areas where people are eager to spend money for pleasure. After Facebook changed its name to Meta and announced its intention to develop the metaverse, consumer giants began to venture into the NFT token industry: Nike plans to offer virtual sneakers, Adidas and Under Armor already sell their products on the market. OpenSea, while Walmart filed several digital world trademark applications on December 30 and will issue its own unique token. The virtual world is becoming a reality, and there are still many opportunities in this market. Everything from children's drawings to works of art are becoming non-tradeable tokens. How to Find Your Niche in the Digital Asset Market? There are not many platforms yet to create and sell an NFT. You will need to follow several relatively simple steps, to create your own NFT marketplace. If you understand the rules of the crypto world and non-fungible tokens, it will not be a problem. How do NFT tokens work? A non-fungible token (NFT) is a custom token. Fungible Tokens are similar to fiat money, with one currency barely different from another. Non-fungible tokens have a unique identifier and are based on smart contracts and Unlike fungible tokens, an NFT is indivisible and non-exchangeable. An NFT represents a digital certificate that proves the right of real do. Ensuring irrefutable ownership is the main objective. It is not used as a means of payment. All non-fungible tokens store metadata, including the name, the information that they are non-tradeable and indivisible, the address on the blockchain network, a link to digital assets, etc. Using smart contracts an NFT is generated and then put up for sale. ownership of digital or world assets What are some areas with high demand for NFTs? The most common use case is digital art. Non-fungible tokens can be issued for any digitized drawing, piece of music or film. NFT is often used in games: There is currently a high demand for NFT token development services for items such as maps, game artifacts, and characters. However, there are also possibilities in more traditional markets: real estate assets, investment contracts and educational platforms can be tokenized. In general, when contacting an NFT token development company, you should look at your idea from a proof of ownership perspective. If an asset requires proof of ownership, it can be used to issue a non-fungible token. What is an NFT market? Anyone can store an item for sale and use it to issue a non-fungible token in these NFT stores. To a customer, it looks like a regular online store with products sorted into certain categories. After choosing the NFT assets, the user buys them as usual: the only difference is that a crypto wallet is used instead of a payment card. Blockchain solutions make it possible to store purchase information in a distributed network. Currently, there are still relatively few such platforms. The most popular are OpenSea, Rarible, Superfarm and Mintable. In fact, they combine NFT token development services and online stores to sell such items. NFT development protocols As a rule, a development company offers to develop an NFT based on various blockchain protocols and platforms. ERC-721 The identification process of this protocol is based on the Ethereum blockchain network. The function used to transfer non-fungible digital assets is transferFrom. To sell a standardized product multiple times, it is necessary to issue multiple smart contracts. ERC-1155 Unlike the previous protocol, this one does not offer separate single NFT assets, but rather an entire class of tokens. It can be useful for selling multiple items: instead of creating a unique non-fungible token for each asset, simply issue a smart contract and specify the number of items. BEP The BSC Blockchain is based on the Binance Smart Chain. It is compatible with the Ethereum virtual machine and is used to issue a smart contract. Specific NFT modifications (BEP-721 and BEP-1155) have been created to ensure compatibility with the protocols mentioned above. The TRON Blockchain TRC-721 crypto tokens are fully compatible with an ERC721 token. The TRON network became a popular platform for developing non-fungible tokens due to low fees. What are the services provided by NFT token developers? An NFT token development company typically offers a full range of NFT development services, from preparing technical specifications to providing technical support and marketing services. A comprehensive approach to a project ensures higher quality and speed of execution. You can contact blockchainx to apply for any project related to blockchain and NFT. Our well-coordinated team of professionals will set up an NFT market step by step, implement it and provide technical support. We provide a complete set of immediate solution services The idea of the development of NFT As a general rule, the client should provide only the general description of an idea. The main criterion that determines the possibility of the development of NFT tokens is the need to prove the right of ownership of digital or tangible assets. Experienced NFT token developers are well versed in blockchain technology and can help choose the best option for platform implementation. Implementation You can choose an NFT token development company with its own platform or commission someone to build a platform from scratch that fits your requirements. The second option comes with much higher costs. If an NFT developer has a native NTV platform, non-fungible token development services will certainly include integration, configuration, and an API that allows the user to expand the platform's features according to individual needs. Technical support Any software product can fail at some point. The development of NFT tokens is no exception. That is why services should include the option to contact technical support and get help at any time. Development of a unique user interface Regardless of the protocol you choose, the user interface is an important factor that plays a major role in ensuring the success of your business. Sales must be quick and easy. Of course, the interface must also have a unique design. Integration of External Wallets Many customers fear that creating a new wallet can be inconvenient. The more wallets, the greater the chance of losing virtual assets; after all, users often lose keys and forget passwords. That is why the integration of popular cryptocurrency storage wallets is a rational solution to make the platform more convenient. Security Since the development of NFT tokens always takes place in a decentralized network, the tokens are protected from hackers by the blockchain technology itself. However, the platform must also be protected. This is an important element of the cryptocurrency business. marketing services If your startup company is promoted by marketing experts, business revenue will come faster. For example, before providing a complete solution for your idea, Blockchainx conducts a comprehensive marketing study and implements its results in the development of the NFT token and the configuration of the platform. What are the necessary characteristics of a market for decentralized non-fungible tokens? So far, there are no established user standards. The platform must offer a digital asset for purchase in a familiar way to customers. This will include browsing product categories, comprehensive product cards, and helpful filters. Search Engine The search engine is designed for users who are looking for NFTs and who already know what they would like to buy. This helps them choose and purchase items faster. Authorization / Registration System Some personal information to buy or sell an item must be provided by the user. Websites based on blockchain technology often allow users to log in with a wallet. Many platforms offer registration through the use of a mobile phone number, email address, or social media accounts. A Module for Posting Articles There should be an easy and convenient process to upload an item and put it up for sale for anyone who wants to create a non-fungible token on your platform. user area A registered user must be able to see the history of sales and purchases, change their data and connect a wallet. An Evaluation and Qualification System This service will allow users to choose products and at the same time create the usual experience of shopping in an online store. Customer Support Preferably, it should work 24 hours a day because the NFT industry knows no boundaries, with users living in multiple time zones. Administration Module This includes a monitoring panel, smart contract auditing, options to resolve technical issues, etc. Wallet You can always create your own wallet to store crypto, but it's better to integrate an NFT platform with existing wallet services like MetaMask. How to choose a contractor for the development of non-fungible tokens The NFT token development process begins with setting up a task. You must ensure that this is specified in the description of non-fungible token development services. The client generates an idea which is then elaborated and described by the NFT token developers based on the choice of technology and marketing methods. Customer reviews are essential criterion for choosing NFT token developers. The most reliable reviews can be found in topic-specific forums and communities. The length of experience is not as important because the industry is still new. The contractor must ensure the transparency of various stages of the development of the NFT token and establish a market. The client cannot simply bring an idea and forget about it. As a stakeholder, the customer must track the implementation process. Particular attention is paid to NFT technology and tools. It is a good sign that the NFT development company suggests several options to optimize your idea. To do this, your programming team must be very familiar with various networks and understand all the available protocols. The best option for some startups may be TRON. Before signing a final contract for the development of NFT, you must verify the quality of the support service. It must always be available. Other criteria include: The options of conducting auction sales and selling items at a fixed price. Support dApps (applications for a decentralized ecosystem), auditing of smart contracts and protocols. Be aware of SEC requirements when implementing a system. Until an NFT law is adopted, these requirements are crucial to avoid penalties. The non-fungible token development process Here at Blockchainx, we always take the logical approach where at each new stage, we ensure information support for the previous stages. This allows us to reduce development time and significantly improve the quality of our products. Step 1. Project Launch Your idea, its feasibility, and potential will be evaluated by a team of an NFT development company. Our experts help programmers and designers set goals and prepare technical specifications. Step 2. Planning This is the stage for choosing NFT development solutions. Visual interfaces are designed. The developers discuss the technical aspects that will be more difficult to change in later stages. Step 3. Developing a Platform for Non-Fungible Token Products The non-fungible token development company implements his idea. The development of non-fungible tokens often follows the Agile method, where the first step is to create an MVP (Minimum Viable Product) as soon as possible. This product allows developers to test basic hypotheses, detect deficiencies and correct them. Subsequently, the platform is progressively developed by adding new features in order of importance. This allows developers to launch the project faster. Step 4. Test This is a necessary step that consists of checking the product for any errors. Step 5. Deploy If the client does not have its own server equipment, a platform is usually deployed on a cloud infrastructure. To find the best option to implement your platform, contact NFT token developers. How much does NFT market development cost? The initial costs are quite high. NFT token development services and the creation of an exchange platform are quite expensive. The price range starts at around $40,000. However, you can only find out the real price after discussing the details because there are many aspects that can increase or decrease the implementation costs. Some NFT token developers price according to features or modules, and others request to be paid by the hour. Contact a company's development manager for more information on costs. Compared to development costs, hosting and cloud services are not that expensive. You'll also need to take care of marketing up front. It is known that for every dollar spent on advertising, about 10 dollars can be earned. That is why it is always a good idea to find a good marketing consultant or even a team of experts. The total costs of the project depend on the number of experts whose services you would like to use. These include designers, programmers, security personnel, and marketing consultants. Usually, ordering a full package of development services from NFT helps to save some money. How do recover the costs of developing NFT tokens? The monetization process depends on the type of project. For an NFT market, the return on investments is quite simple: the seller, the buyer or both pay a fee for each transaction. This is particularly profitable in the case of expensive crypto-collectibles and auction goods where prices can increase 10-fold. If services are offered, you can enter a subscription plan or a fee for posting ads. Users can also pay to use some unique features of the platform. Many marketplaces also offer digital asset sellers to pay to have their items appear above other listings. For an existing business, the development of NFT empowers the organization of transactions without intermediaries and unnecessary audits. Costs are offset by business process optimization and time savings. It's hard to forecast the payback time of an NFT project, but the sooner you launch it, the less competition there will be. The existing demand for non-fungible tokens allows new market players to start making money quite quickly. conclusion NFT tokens have many advantages over other means of proving irrefutable authenticity and ownership. Information stored on a blockchain platform is protected from forgery, copying, or modification. Transaction transparency allows users to track a non-fungible token throughout its lifecycle. Encryption protects data from unauthorized changes. This allows authors, collectors, players and financial market participants to feel safe. Also, the tokens can be used to earn money and are in high demand. Now is the best time for you to enter the world of NFTs.
Why is Ethereum still the strongest public chain?
From $83 to $250, the price of Ethereum has tripled from its lowest point in this bull market. Looking back on the whole year of 2017, people found that it is easier than ever to issue coins on Ethereum, and the project party issues Tokens and raises financing by invoking smart contracts. When everyone was financing with Ethereum, the Ethereum blockchain continued to increase in value, and more and more funds were locked in this “world computer”, and Ethereum gained the greatest value until its peak in early 2018. As the ICO craze faded, and the entire cryptocurrency market entered a bear market, Bridge Smart Contract Development Services the price of Ethereum dropped bit by bit. Coupled with the fact that many project parties began to sell Ethereum after financing, people’s psychological expectations for Ethereum have fallen again and again. Just talking about the collective sell-off of the project team in December last year, there were 45,000 Ethereum. There are also various factors in the market, Ethereum fell all the way from $1400 to $83. Many opinions say that issuing coins is the biggest use of Ethereum, except for this one point, it is no better than all other blockchains. Ethereum has a slow block generation speed and slow transfer speed. If you play a DApp with more than a few thousand players, the network will be blocked. Now any public chain is faster than Ethereum, and the TPS concurrency is even higher. At the same time, dozens of blockchain projects launched their own main chains, migrating from ERC20-standard tokens to tokens on their own networks. If other projects want to issue coins, there are more and more choices. EOS, Binance Chain, etc. can all replace Ethereum to issue coins. “ETH can be sold.” This is the summary of Ethereum by speculators in the currency circle. Many people think that Ethereum has no value anymore. But maybe, many people are wrong. Let’s get to know a story first. Gulu, the founder of Bihu, once said that Cancer found him at the time and wanted to translate the Ethereum white paper together. He thought about the Chinese name of Ethereum for a long time. We thought it should be called Ethernet, and finally found a word “fang”, called Ethereum. “fang” has two meanings in Chinese, Neighborhood, it means that the traffic extends in all directions, and Ethereum is a platform-level application, a tool that can connect various applications and various Dapps. Fang in Chinese, there is another meaning that the workplace is a manual workshop, it is also a A platform for collaboration, so it’s called Ethereum.” Ethereum is not called Ethereum, but Ethereum, because Ethereum is not a tool that can only be used to issue coins in the eyes of people in 2017. It is a platform, Cross chain bridge development a computing platform used by the world, and a visionary A platform that can only be seen in the decentralized financial world. Users can’t appreciate the value of this platform for the time being, but capital has already smelled it. This platform has attracted of well-known investment institutions. The world’s top VCs are deploying the applications on Ethereum He has invested in a16z, which has invested in Mystery Cat, Polychain Capital, which has invested in Nervos and Nucypher, Danhua Capital, which has invested in Ontology, Liquid Network, Bain Capital Ventures, which has invested in Digital Currency Capital, Tendermint, and Y Combinator, the originator of Internet angel round investment. The investment institutions of these well-known projects in the industry are all paying attention to the application of the second and third layers on Ethereum. Especially the two most popular tracks on DeFi: lending applications and prediction markets. Ethereum has 5 of the top 6 lending apps How big a market is lending? According to the National Bureau of Statistics, in 2017, personal short-term loans reached 6.8 trillion yuan, and long-term loans reached 24.7 trillion yuan. The month-on-month growth rate has been above 15% for several consecutive years. In terms of domestic bank loans, in April this year, the total amount of bank loans exceeded 14 trillion yuan. At its peak in 2017, the domestic P2P scale reached RMB 702.9 billion. This is only domestic data. Before the emergence of P2P, people who could not obtain bank loans could only go to private lending, but private lending had extremely high risks and no security guarantee. So the P2P platform came into being, which is much higher than private lending in terms of yield and risk. Starting in 2007, P2P lending has grown rapidly for 10 years. However, due to the phenomenon of more and more P2P enterprises running away, last year became a turning point in the P2P lending industry, and the state began to control it. The significance of decentralized lending is that it treats everyone indiscriminately, so that those who hold digital assets can receive reasonable treatment. Although traditional private lending has been controlled, the demand for lending has not diminished. Decentralized lending minimizes the cost of trust, as long as you trust the code, you can complete lending. Lending applications on the blockchain have become commonplace. BM, the founder of the so-called third-largest public chain EOS, has publicly been optimistic about the DeFi field a few days ago, saying that in this part of the decentralized finance market, EOS is the future. There are already RAM leases, REX resource leases, Build a cross chain bridge and domain name transactions. Ethereum has failed. These financial applications on EOS are all launched by the EOS system itself, or are official. There are very few independent teams doing financial applications on EOS. while other chains have no clear direction When Ethereum Layer 3 applications began to attract capital, the focus of public chains such as EOS, Tron, etc., seemed to be still on DApps Although there are community applications such as HashBaby, neither the public chain community, nor the development team, nor the developers on the chain have a clear positioning.not to mention other small chain projects.
Zombiebay - Zombies are back in Bay
It happened in a small and cozy port town called Bay. Luke was sitting on the dock with his fishing rod casting his line into the water and thinking about how great it is to meet the dawn on the seashore. The best way to start the weekend, thought Luke. There was no bite, but he knew that there would be at least one fish in this bay that would be interested in a lively worm, neatly planted by Luke on his fishing hook. He didn't have to wait long, a few minutes later the float dived twice under the water. Luke instantly began to turn the reel of the fishing rod. There was something heavy under the water. Fearing that the fish would slip away, Luke made a dash backwards making the line taut, and out of the water flew what was caught on the hook. Imagine Luke's frustration when, instead of a shiny fish, he found a dirty net clogged with mud and sea plants. He flung this onto the grass. Through the mesh of the net, Luke saw a bottle. With difficulty, he removed the find from the tangled netting, washed off the adhering dirt in the water, and began to inspect the mysterious vessel from all sides. It looked like the bottle was old, but that was not reflected in the thick wooden cork and the label, which was written in a language that Luke did not understand. Inside the bottle was a bright green liquid. Luke decided he would study the find at home. He reeled his line back into the reel, grabbed all his gear and went back home. Luke walked slowly through the town, now and then greeting passers-by and wishing them a good day. There was a glorious tradition to wish a good day even to strangers. For a small city like Bay, this was the norm. Finally, Luke reached a small house on the street where he lived with his pet cat, Tutankhamun - or simply Tuti. The cat met his owner, hoping he would get something to eat from the fresh catch. This is the first introduction part of an epic about the inhabitants of the city of Bay turned into zombies. More details you can find on the website: www.zombiebay.com You can buy our NFT characters and make them your own in the comics at the link below https://opensea.io/collection/zombiebay
How to create Metaverse NFT Marketplace?
Metaverse-based NFT marketplaces are attracting more global audiences than normal NFT marketplaces and transactions in the metaverse are reaching record highs. Metaverse NFT Marketplace is a concept of integrating NFT marketplaces into the metaverse so that it helps users to buy lands, in-game items, and digital arts inside the metaverse. By developing such metaverse projects enterprises are gaining huge returns on investment within a short time frame. There are a large number of use cases such as, Metaverse Gaming NFT marketplace Metaverse Real estate NFT marketplace Metaverse E-Commerce NFT marketplace How to Create a Metaverse NFT Marketplace? I assume you have already gone through what is Metavsere NFT Marketplace. Here we will explore the steps involved in building a Metaverse marketplace, Picking the Right blockchain User Interface Development User Interface Development Features Integration Smart Contract Creation IPFS and Database Creation Front End & Back-End Integration Smart Contract Auditing Quality Testing and Deployment Above is an overview of the development stages. Read the detailed insights here: How to create Metaverse NFT Marketplace? If you are an individual business, start-up, or enterprise looking to create a new or customize the existing Metaverse project? we are happy to help you. Metaverse NFT Marketplace Development Company With extensive experience in developing NFT and Metavsere products, Maticz a top Metaverse NFT marketplace development company helps startups, and enterprises create their own Metaverse NFT marketplace for diverse industries such as Real Estate, Gaming, Ecommerce, etc. We provide a full cycle Metaverse NFT marketplace development services such as, Metaverse 3D Environment Development NFT Marketplace Development NFT Development Smart Contract Creation and Integration Upgradation and Migration Best project ideas need the best technical expertise team. Maticz can help you with its development team. Connect with our Metavsere experts and share your development requirements
What is a smart contract? — Understand contracts on the blockchain
Blockchain is widely considered to be a speculative good thing, made famous by Bitcoin. But the underlying technology is more interesting in many ways. A smart contract is a smart contract that does not require a third party such as a lawyer, notary or public official to verify, facilitate or enforce the contract. This literally means you can have fast, reliable and trustworthy transactions with any third party without the constraints of ordinary contracts — and yes, it even saves attorney fees. One of the most popular networks for smart contracts is Ethereum, but solutions on classic blockchains (or derivatives called sidechains, especially contracts), or other projects can also be used. There are many different networks that can be used, Bridge Smart Contract Development Services and each protocol has its own advantages/disadvantages, as there will always be tradeoffs between security (data security and integrity), scalability (speed, capacity, throughput and latency) and going Tradeoffs between centralization (accessibility, usability, and transparency). If you’ve ever wondered what such a smart contract looks like, here’s an example of an Ethereum-based vending machine code. Advantages of Smart Contracts In the introduction, I have mentioned some key aspects of digital contracts based on blockchain technology. But the list of advantages is longer, and I’ve given some insights so it’s easier to understand why smart contracts have so much potential. 1. Trust With every transaction, it is important that both parties have trust that the transaction will actually succeed. Due to the unique way information is stored in blockchain, where many computers share information and independently verify it, so-called “distributed ledgers” can be used, Cross chain bridge development and this information is valid and cannot be lost. So the contract will exist in the future, and it will not be modified. 2. Backup Due to the mechanism of storing information in a distributed ledger, it must also be mentioned that there are many replicas in the network. This ensures that all created files and all executed contracts have redundant backups. 3. Autonomy It is completely autonomous as the network handles handovers and contract terms. In order to trade successfully, you do not need banks, brokers, lawyers, regulators or other intermediaries. In this way, you can build your own contracts and not be subject to local restrictions or the fees involved in transaction verification. 4. Speed Traditional contracts can take a significant amount of time to process, validate, and even communicate with third parties. A blockchain-based network could speed up the process to hours or near real-time transactions. This is especially important when you have small transactions that need to be verified quickly (such as car rentals, travel insurance, etc.). 5. Fees As you can imagine, contracts that do not require notarization or witnessing are cheaper. This also applies to smart contracts. When contracts are executed and verified by the network rather than a third party, the cost per transaction becomes lower. This is especially important if you want to “tokenize” your assets. There, you break large items into smaller pieces. (for example, share of buying a house) 6. Automation One of the great advantages of smart contracts is that they are “smart”. This means that you can also ensure that complex structures of contracts are met, and you have traceability not only of documents, but of goods. An example involves international shipping, where goods flow through different legislation, cross different borders, and insure with different insurance companies, all of which need to be managed in contracts, so it’s legal. This often involves long contracts and a lot of paperwork — all of which can be automated and tracked through smart contracts. 7. Encryption and Security Another important role is of course secure transactions. Not only does this mean that files and contracts are restored to storage, but it also means that information can only be accessed if someone is allowed. Use very secure network protocols and cryptography and other layers of security to ensure that only relevant parties can access the information. 8. Accuracy of the contract Last but not least, when dealing with intermediaries or dealing with manual paperwork, many mistakes can occur. This might be a small factor, but it’s also worth mentioning because there’s a better overview, and therefore better accuracy, enforced contracts. Smart Contract Use Cases Due to the unique facts of smart contracts, there are many industries and topics that may benefit from these types of contracts and contract enforcement. I’ll just list some examples. For a more detailed list, I recommend Build a cross chain bridge this article. Blockchain — Possibilities, applications and use cases of distributed ledger technology. - government Safe and trusted transactions certainly have government uses as well. Especially when you think of applications that involve validation in any way. The best example is probably voting, having a credible vote is crucial to avoid voter fraud, but on the other hand, ensuring this integrity is very complex when done offline. Here, it would be beneficial to introduce a digital identity that would allow only one vote and be open only to the person themselves. - supply chain Especially for large corporations with global supply chain networks, it is very beneficial to have a digital track record of every transaction. As a result, it is not only possible to automate the process, but also to trace every stage of the product. This will increase transparency, can help identify bottlenecks, and also help manage a large number of contracts. Another situation is when the shipment arrives and the payment is being processed. This provides the sender and receiver with security of contract execution, as the transfer of goods is only possible when the payment is processed. This also means that such transactions do not require trade finance. – real estate From transferring the property to the buyer, to granting the right to use the property. Contracts are involved in every real estate transaction. Smart contracts can help limit the associated risks and costs. For example, you can rent out your apartment to someone for a few days, and his NFC chip will only work if payment is provided. When the renter does not transfer money, he cannot enter the property. Also in real estate transactions, the property can only be transferred after payment has been made, which is also advantageous. With smart contracts, you don’t need an intermediary like a bank or a notary office to process the payment before releasing the property, you can do it directly without waiting time. - medical insurance I mention this issue here because it is a big problem for many countries. “Who can access my patient data?”, “Is my digital patient file secure? As we have learned, smart contracts are beneficial if only a limited number of people need access for a limited time. This also means that your profile is always with you and you will only share it if you allow a doctor to view it for a certain period of time. The same goes for prescriptions, which cannot be changed, test results cannot be changed, and insurance claims can be made automatically. In highly regulated activities, such as drug storage and distribution, compliance costs can be high. Smart contracts can ensure trust, traceability, but can also secure a lot of administrative costs. Disadvantages of smart contracts Of course, they are far from perfect. Because they are based on software, there are also potential bugs, network costs and other issues. Another thing to mention is the current lack of regulation. There are currently no real guidelines and laws governing smart contracts. This means there are no backups either. When you rent a car with a blockchain auto-contract, there is an error in the payment, then your car may not be accessible, or even be rented to the next person before you even react — remember, There is no middleman to mediate. It’s also worth mentioning that these contracts are enforced no matter what happens. If you set the wrong condition, it will execute no matter what happens. This is also true when it comes to data privacy. On the positive side, there is no data loss in the blockchain, but when it comes to personal data, it can also be a downside. This is also an unresolved public issue that personal data cannot be deleted. Evaluation of smart contracts The past few years have seen rapid development, mainly driven by upcoming speculation based on so-called cryptocurrencies such as Bitcoin, Ethereum, etc. The adoption of smart contracts based on blockchain technology has been a bit slower, but there are also the first successful use-case implementations. With new platforms and an easier-to-use web, we’re likely to see a better development and wider adoption. For many industries, it’s worth taking a look at the potential applications. This is very important to do to determine the correct use case, what information needs to be stored on the blockchain. Maybe you want to keep transactional and personal data safe (beware of data privacy concerns!), but you don’t need to store large datasets like pictures and videos, which may not be critical.
Top ten mainstream ecological cross-chain bridges
Cross-chain spans permit information move between cryptographic forms of money, shrewd agreement guidelines, and blockchains. Albeit two blockchains may have various conventions, rules, and administration models, a cross-chain scaffold can safely interface them together through interoperability. Clients can utilize cross-chain spans: 1) Quickly and effectively acknowledge advanced resource exchanges. 2) Take benefit of low functional trouble. 3) Take benefit of lower move expenses on non-adaptable blockchains. An instance of moving cross-chain resources: when a client needs to switch ERC20 A tokens on Ethereum over completely to BEP20 A tokens on BSC chain through O3 Swap , ERC20 A will be locked on the source chain and tell the extension at BEP20 An is created on the BSC chain and afterward moved to clients. Issues that cross-chain spans address Cross-chain spans work with cross-chain development by giving multi-resource interoperability and more noteworthy security. The cross-chain span additionally tackles the accompanying issues: 1) Reduce the gas expense and accelerate the exchange speed. 2) User resources can communicate uninhibitedly, giving a decent client experience. 3) Increased efficiency and utility of existing crypto resources. 4) Better security and protection. Cross-chain spans are appropriate in the accompanying cases: 1) Token trade among Ethereum and layer 2 organizations, resources are interoperable between chains, quicker and simpler asset stores, resource withdrawals to diminish functional intricacy. 2) Investors can utilize cross-affix extensions to speed things up while putting resources into another chain, yet they should initially take a look at its finished system and security. 3) Arbitrage exchanging through Optimism, Arbitrum and Polygon on decentralized trades. Coming up next is an arrangement of some cross-chain span benefits ordinarily utilized in the best ten standard environments (Ethereum, BSC, Solana, Terra, Avalanche, Fantom, Polygon, Arbitrum, Optimism, Harmony), expecting to help everybody 1-XY Finance Token: No Category: Third-Party Bridge Connection Form: Many-to-Many Support ecology: Ethereum, BSC, Fantom, Polygon Introduction: XY Finance is positioned as a Bridge Smart Contract Development Services aggregator. Similar to the Li.Finance and other cross-chain + transaction projects mentioned above, XY Finance also supports the exchange of a token on network A to network B another token on . The structure of XY Finance is composed of X Swap and Y Pool. X Swap is responsible for finding the best quotation and executing transactions. Y Pool is responsible for providing liquidity for X Swap and using transaction fees to motivate liquidity providers. 2-xPollinate (Connext) Token: No (🐑) Category: Third-party bridge Docking form: many-to-many Support ecosystem: Ethereum, BSC, Avalanche, Fantom, Polygon, Arbitrum, xDAI, Moonriver Introduction: Connext is a cross-chain protocol for fast asset transaction and contract invocation between EVM-compatible networks. xPollinate is an application of Connext’s general cross-chain transaction protocol NXTP. Currently, it supports Ethereum, BSC, Avalanche, Fantom, Eight networks including Polygon, Arbitrum, xDAI, Moonriver, etc. From the physical point of view, the user experience of xPollinate is quite excellent. The mainstream EVM ecology has basically been covered. Although the supported currencies are not as many as AnySwap, they are enough to meet the needs of most scenarios. The cross-chain time can generally be within 5 minutes. It’s not too expensive to complete. 3-Wormhole Token: No Category: Official Bridge Connection Form: Many-to-many Support ecosystem: Ethereum, BSC, Solana, Terra, Polygon Introduction: Wormhole is an asset cross-chain tool jointly developed by Solana and Certus.One. It was originally created to realize the two-way conversion between Ethereum and Solana assets, but now it can also realize the exchange between other ecosystems (such as Ethereum and Polygon). Asset transfer. Since the native token of the Solana network is the SPL standard, before the launch of Wormhole, users who want to transfer assets from other blockchains must switch to the standard through a centralized exchange such as FTX. Wormhole allows users to directly convert Ethereum ERC-20 assets into Solana’s SPL standard assets. When users withdraw SPL assets from the Solana chain to Ethereum, they can also be directly converted into ERC-20 standard assets without additional Switching steps simplifies the user’s operation process. 4-Terra Bridge Token: No Category: Official Bridge Connection Form: Many-to-One Support ecology: Terra and Ethereum, BSC, Harmony (only supports interoperability between Terra and the latter three) Introduction: Terra Cross chain bridge development is the official cross-chain bridge of the Terra ecosystem. Currently, it supports the exchange of assets between the three ecosystems including Ethereum, BSC, and Harmony and the Terra ecosystem. In terms of currency, it mainly supports LUNA, ANC, UST, and synthetic assets in the Terra ecosystem. Cross-chain transfer of tokens such as (mBTC, mETH), synthetic stock assets (mBABA, mCOIN, mGOOGL). 5-Teleportr Token: No Category: Third-party Bridge Connection Form: One-to-One Support ecology: Ethereum, Optimism (for the time being, only one-way entry of Ethereum into Optimism is supported) Introduction: Teleportr is a dedicated cross-chain bridge mainly serving the Optimism ecosystem. Although the development team claims that it may support other Layer 2 networks in the future, it will only focus on Optimism for the time being. The main concept of Teleportr is that it will be cheaper to enter Optimism through this bridge than the official bridge (Optimism Gateway), because “it is a centralized hosting bridge”. 6-cBridge (Celer Network) Token: CELR (Ethereum contract address: 0x4f9254c83eb525f9fcf346490bbb3ed28a81c667) Category: third-party bridge docking form: many-to-many Support ecosystem: Ethereum, BSC, Avalanche, Fantom, Polygon, Arbitrum, xDAI, Heco, OEC Introduction: cBridge is an atomic swap-type cross-chain bridge launched by the Layer 2 expansion platform Celer after extracting the core conditional payment function in its original state channel products, optimized and slimmed down. Similar to the existence of AB mentioned above, Celer Network also chooses to use ordinary addresses to complete the cross-chain process. When performing cross-chain operations, users do not need to send any funds to the contract. Instead, they need to send the node address through the contract. Send a transfer with a hash lock, and the main body that releases liquidity to the user-specified address on the target chain will no longer be the contract itself, but can send the node address with the same hash lock to the user. 7-ChainSwap Token: ASAP (Ethereum contract address: 0xcc665390b03c5d324d8faf81c15ecee29a73bcb4) Category: third-party bridge Docking form: many-to-many Support ecosystem: Ethereum, BSC, Avalanche, Fantom, Polygon, Moonriver, Shiden, Heco, OEC, KuCoin Community Chain, Fusion, Telos Introduction: Regarding ChainSwap, the most noteworthy are the two directions it is developing: one is a cross-chain aggregator, which aims to aggregate the cross-chain routes of Anyswap, Poly Network, and Connext, and find the best-priced cross-chain path for users. ; The second is to build a new cross-link route in its own V2 version, aiming to achieve a more open currency support capability. 8-FibSwap DEx Token: FIBO (BSC contract address: 0x5067c6e9e6c443372f2e62946273abbf3cc2f2b3) Category: third-party bridge Docking form: many-to-many Support ecology: Ethereum, BSC, Fantom, Polygon,Build a cross chain bridge Introduction: FibSwap DEx is a decentralized exchange that supports cross-chain, that is, it supports both cross-chain and asset exchange functions. We will also introduce some other similar projects below. FibSwap DEx adopts the self-developed intelligent algorithm FibSwap Smart Algorithm, which allows users to exchange a token on network A for another token on network B through a simple transaction. At the same time, FibSwap’s DEX aggregation function will also help Users look for the best exchange offer. 9-Hop Protocol Token: No (🐑) Category: Third-party bridge Docking form: many-to-many Support ecosystem: Ethereum, Polygon, Arbitrum, Optimism, xDAI Introduction: Hop Protocol is a cross-chain bridge mainly used for asset transfer between Ethereum and its Layer2 network. This bridge designs “hAssets” as an intermediate asset, and combines the AMM mechanism to achieve rapid cross-chain circulation of assets — when cross-chain, deposit assets into contracts 1:1 mortgage to cast hAssets, and when redeeming assets, 1 :1 Destroy hAssets. Like Connext (xPollinate), Hop Protocol has not issued tokens for the time being, considering that its business scale has a certain scale, so, you know… 10-Horizon Token: No Category: Official Bridge Connection Form: Many-to-One Support ecology: Ethereum, BSC, Harmony (Ethereum, BSC are not supported) Introduction: Horizon is the official bridge of the Harmony ecosystem. Its main function is to help users transfer assets from Ethereum and BSC to Harmony. Horizon’s architecture is a set of smart contracts deployed on Ethereum, BSC, and Harmony chains, respectively. When token locking activity is detected on the originating chain, Build a token bridge the validator pool will validate the transaction and pass the final information to the destination chain, which will then generate an equal amount of bridge tokens 1:1, and vice versa .