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...
After news broke of this incident, rates of corresponding stablecoins fluctuated as Curve.fi’s rate balance was broken by a flash loan attack. As you would expect, some aggregators, especially stablecoin yield farms, are linked to curve. Therefore, these events may result in an instant rat...
What are Bytom and MOV? Bytom is a blockchain based open-source value-exchange protocol. Using the same consensus POW like Bitcoin, Bytom's system is also protected by miners all over the world. Bytom not just made a blockchain similar with Bitcoin but expand Bitcoin's feature, by...
At the 8btc Global Partner Online Summit, Xu Kun (CSO of OKEx), Zhi Ge (co-founder of BiBull), Zhong Lifei (Technical Operation Director of Bytom) along with Wang Tianqi, Leader of QKL123), discussed predecessors and successors of crypto exchanges. The 8btc Online ...
On April 9th, Chang Jia, Lang Yu and Li Zongcheng, leaders of Bytom team talked with community, federal nodes and media observation groups on an online video live. Federal nodes are unveiled Cobo, Bitpie, Math Wallet and imToken (imKey) are listed as federal nodes of MOV. “...
MOV was officially launched on March 30. MOV is a next-generation decentralized cross-chain Layer 2 value exchange protocol based on Bystack’s mainchain-sidechain architecture. Consisting 3 core modules: Value Exchange Engine Magnetic Contract (Magnet), Decentered Cross-Chain ...
Distributed Ledger Technology (DLT) or more popularly known as Blockchain technology has been labeled as one of the most disruptive technology since the internet. The internet emancipated information while DLTs emancipated money through its first use-cases cryptocurrencies. The technolog...
On March 5, Lang Yu, CEO of Bytom, elaborated on the theory of asset in its three stages in the MOV ecology in an open class. In the theory of asset’s three stages, the solid stage is the process of asset verification, the liquid stage is the phase of asset securitization, and the ga...
The security of digital assets came under the spotlight again as one well-known crypto exchange was unable to process users' withdrawal demands due to poor management, internal errors and other reasons. In order to avoid centralized financial institution, bitcoin was designed as a peer to peer sys...
On February 18, a researcher of Bytom blockchain revealed two major events in the live broadcast online named "Persistent problems and new opportunities of the public chain": 1.Bytom and OKChain have reached an agreement on cooperation of nodes, DEX, cross-chain, and other fields; 2...
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