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Category Archives: Technology

A Deep Dive into Stablecoins in DeFi

Aug 12, 2021

bytomchain

What is the role of Stablecoins in DeFi? Which is the most successful stablecoin in DeFi? It is necessary for us to understand the current state of stable coins and opportunities in future, thus preparing forward-looking strategic reserves for the changing crypto market. We share our analys...

China’s Tech Giant Tencent To Enter the NFT Market

Jul 30, 2021

While it might seem that the global NFT market has seen its peak this spring, the latest news coming from China shows that non-fungible tokens are yet to see their heyday. According to the latest report from Sina Finance, one of China’s largest tech companies is reportedly eyeing the new a...

Alibaba-Owned SCMP Is Launching Its Own NFTs

Jul 20, 2021

The largest English-language newspaper in Hong Kong, the 118-year-old South China Morning Post, announced that it will issue its own NFTs. The oldest running Hong Kong newspapers published a whitepaper detailing the upcoming NFTs and explaining, in detail, what the NTFs will repr...

Alipay Releases Limited Edition NFTs Issued on AntChain

Jun 23, 2021

One of China’s largest digital payment service providers has entered the NFT game. According to local reports, Alipay, a major payment service provider operated by the Alibaba Group in China, has launched a proprietary NFT sales platform, offering its hundreds of millions of users the ...

MOV JieDai Protocol Explained

Jun 10, 2021

bytomchain

What is MOV JieDai protocol? The MOV JieDai protocol is a crypto asset rate protocol based on the Bytom mainchain and Bytom layer2 sidechain Vapor. Simply speaking, MOV actually realizes the lending service like a bank through rate algorithm model based on smart contract. User...

Bytom 2.0 Solonet Released

May 25, 2021

bytomchain

On May 25, Bytom 2.0 released solonet, which will start Bytom blockchain’s transition from PoW-based to POS-based, and the block confirmation time will be offset to 6s. This new version can stably blocking under solonet. It supports the main functions of Bytom 1.0, such as wallet creati...

The Rising Popularity of NFTs in China Reveals A Huge Paradox

Apr 8, 2021

The crypto industry has recently entered into what can only be described as a frenzy, going crazy for a type of digital asset that provides proof of digital ownership—non-fungible tokens (NFTs). And while NFTs certainly aren’t a new type of cryptocurrencies, they’ve seen a renaissance in ...