Another year too! Number of 6 keywords in Blockchain in 2021

When it comes to crypto, 2021 means what the word 'high and low' means. With the rise of Bitcoin and the fall, China's abolition of cryptocurrency mining and hype, with the global popularity of NFTs, new policies and technologies are emerging daily.

In this field where technology and finance converge, blockchain has constituted a new technological base and cryptocurrency has created an economic form. Jiemian News has captured 6 most watched episodes of the year and will take you to new areas of explosive growth.

bitcoins

In terms of market trends but, as Air's value assets return, Bitcoin is the best major asset or otherwise in 2021, with a single annual growth rate of 72.5%, overtaking oil. and natural gas.

In early 2021, Bitcoin continued its unstoppable growth through the end of 2020, breaking through the $ 20,000 mark in the blink of an eye and breaking the all-time high set in 2017. However, the rise in the price of Bitcoin has peaked at $ 60,000 in April according to blockbuster news about Tesla's acquisition of Bitcoin sweeping the world.

Since then, with China's restrictions on cryptocurrency mining and speculation in May and turmoil in the global investment market, Bitcoin has plunged several times, including the latest timely discount rates. more than 20% in May and December. At the end of 2021, the value of Bitcoin hovers around $ 50,000.

Bitcoin reached great value in 2021, 12 years after its birth. On September 7, El Salvador, a small country in Central America, chose Bitcoin as its good currency, but this is the first time that Bitcoin has become a national tsam currency. On October 12, the United States Securities and Exchange Commission authorized ProShares to launch a Bitcoin ETF and list it on the New York Stock Exchange for the first time in eight years. The capital of the cryptocurrency is increasing

From the perspective of the development of blockchain technology, Bitcoin is not a significant symbol. On November 14, 2021, Bitcoin underwent an optical modification called "Taproot", which improved the anonymity of the Bitcoin trading network and reduced the data load of exchanges by changing the data structure of the block itself.

ethereum

While the big world was not yet aware of "Ethereum", it became the largest blockchain ecosystem in the world. In recent years, new blockchain applications such as DeFi and NFT have all been acquired by Ethereum, and Ethereum's central role has become recognized by the Western crypto community.

This can also be seen in different industries, where the value of Ethereum was only $ 700 at the start of the year, but rose to $ 4,000 by the end of 2021. Over 20% of the total market value of cryptocurrencies. Agencies such as Greyscale and Meitu have also included them in their balance sheets.

Of course, there are also some issues due to the expansion of Ethereum. High labor costs and collaborations have set a precedent for the emergence of Phase 2 ecology this year. Although Ethereum was upgraded as the upgrade from "London" was completed, "EIP-1559" was announced on August 5th.

The deal provides for lower operating costs, but slower performance improvements after user expansion and ecological expansion, providing a level playing field for other blockchains and added cross-chain links for show their strengths.

THE T.V

On March 11, 2021, Christie's auctioned off the NFT works of an artist named Beeple. The final sale price is $ 69.34 million. The product entered the top three in Christie's painting auction history, becoming the first NFT gold in Christie's painting auction history. . in this world. Moment. However, the development of future NFTs continues to exceed human expectations, and some are calling 2021 “the year of the NFT”.

Beeple's success brings the idea of ​​encryption technology to a wider audience. However, the new model that has since become synonymous was the avatar-type NFT, and the rise of “cryptopunk” brought about the new model. news. At the end of 2021, cryptopunk sales exceeded $ 1.8 billion, and OpenSea, a large company, is still worth $ 12 billion.

Meanwhile, as many foreign brands such as Louis Vuitton, Disney, and Mercedes-Benz have plugged into the concept of NFT, Chinese internet companies have started to enter NFT. In 2021 alone, Ant, Tencent, JD.com, NetEase and Baidu have all integrated NFTs, which Ant, Tencent and JD.com will all launch a digital ingestion platform in 2021 to create unique NFT IPs. . from abroad.

DeFi

At the end of 2021, according to data from Debank, the total value of Ethereum's DeFi-lock assets was over US $ 100 billion, excluding other public channels such as BSC and SOL.

The appeal of "DeFi" is that it eliminates many jobs that require human capital in the traditional financial system for smart contract computers and provides financial services without the involvement of the governing body. financial efficiency. DeFi started out as the largest lending company and has gradually expanded into securities, securities, asset management and derivatives. It is researched by organizations such as the Bank for International Settlements and Goldman Sachs.

But DeFi's explosive growth in 2021 also poses a serious threat. All losses have occurred in the sector over the entire 2020 period, with the transfer of $ 610 million in assets to the crypto sector from the O3 contract to the crypto sector by hackers in August 2021, directly in more than 250 million dollars in the sector. makes me very depressed.

At the same time, the Bank for International Conference sees skepticism as to whether DeFi's efforts, inconsistencies and risk management capabilities can withstand the challenge of innovation. The cryptocurrency firm believes it will be a financial improvement going forward, but a quarterly report from the company to Global Conferences believes DeFi may be banned from affecting general and actual business so far.

game paj

A new concept emerged in the crypto community as NFTs quickly exited the cycle. By 2021, the blockchain game 'Axi Infinity' had a major impact in East Asia, and some residents who lost their jobs due to the spread began to make money doing so. .

'Axi Infinity' is an interactive animal racing game that uses blockchain technology as the lowest level, and it is a multisport game such as NFT. According to data from TokenTerminal, Axie Infinity's daily revenue exceeded $ 8.2 million, which is close to "King's Glory". Axi Infinity reported over 1 million daily active users on August 6 of this year.

The passion of "Axie Infinity" has brought a new model of "palytoearn" to many people. With the help of blockchain and smart contracts, the player is not only responsible for the fun and financial benefits of the game, you are also involved in the management of the game ecosystem. This course is not licensed by game developers, but is recognized by blockchain technology.

Web 3.0

With the popularity of the meta-world concept in 2021, "Web3" will gradually become a major blockchain theme by the end of 2021.

"Web3.0" is a derivative of the "World Wide Web", which is now a simple version of the Internet. In this sense, the Internet has passed through the era of Web1.0 and is now in the era of Web2.0. Web3.0 is what people want for the next generation of the Internet. Integrate all information systems (e.g. the Semantic Web) The Web can provide smarter choices and better information-based information (Artificial Intelligence) on the Internet is ubiquitous (Internet of Things) and most importantly, the property of Internet data is decentralized.

According to this understanding, Web1 was the first beast on the Internet in the 1990s, and its data is typically readable. Web2 has since become the Internet mobile phone by the masses, and data can be read and interacted with. Web3 aims to create Internet capital in which everyone participates and benefits. In addition to reading and interacting with data, users have data.

In the context of "Web3.0", the partition, asymmetric encryption technology and decentralization strategy represented by the blockchain are very similar to the concept of "Web3.0", so he managed to make the most of " Web3 ”. .0 "is one of the visions.

Until now, "Web3.0" applications involved relationships, content creation, error files, domain registrations, etc. would be more difficult to use in Web3 than "meta edge".