On September 11, 2018, the 4th Globalization of Blockchain, sponsored by Wanxiang Block Chain Lab and guided by Shanghai Hongkou District People’s Government kicked off at W hotel on the Shanghai Bund, EtherFlyerCIO attended the event. The second day of the conference ushered in a climax, and Ethereum founder Vitalik Buterin attended and delivered a speech. Vitalik Buterin has repeatedly mentioned decentralized trading in this presentation, which shows that he has been very optimistic about decentralized trading. The topic of the speech was “New Development of Blockchain Technology”. His speech was concise and the mechanism was very deep. EtherFlyer compiled a complete speech translation for everyone.
Optimistic about decentralized trading, Vitalik’s speech is highly regarded
The entire speech of Vitalik Buterin is centered on the discussion of mechanism design. There are many mechanisms, most of which we participate in the event, and different people make decisions, but this decision will affect the distribution of benefits. He believes that the emergence of blockchain affects existing mechanisms, and the blockchain-based mechanism will be brand new, which is more conducive to efficiency and fairness.
When talking about short-term applications, Vitalik Buterin repeatedly mentioned decentralized exchanges. He believes that decentralized trading is still a hot topic. He also mentioned the Haberg tax in Radical Markets, and he said that many of the recent innovation mechanisms have been proposed in the relevant areas of blockchain.
But he pointed out that the blockchain also faces some challenges as well, the first challenge is the miner/verifier manipulation, the second challenge is privacy, the solution adopted by Ethereum is the mechanism for submission/disclosure, the third challenge is an anti-sybil attack, and the fourth challenge is complicity. He believes that the blockchain can solve many trust problems, but must find the right way to use the blockchain, which can be combined with other cryptography techniques.
Vitalik Buterin puts a special emphasis: the use of blockchains must be very simple. His final point of view is very clear: “I am talking about the more concise the better, which will make the tact infrastructure and security settings more concise. The development of similar mechanisms is also a fast-developing field, and the blockchain can solve A lot of trust issues.” He also said that when applying the blockchain, please treat it correctly and combine it with other cryptography techniques, he believes that this will reduce the cost of trust between people and improve efficiency.
Conference wonderful and exciting , technology results are remarkable
Later, COSMOS founder Jae Kwon gave a keynote speech on “Rearchitecting the Blockchain Ecosystem”. He introduced that the Internet of Blockchains can interoperate between different blockchains. “It is also faster and easier to solve problems such as scalability and security.”
Wu Jihan, CEO of Bitmain, delivered a speech on “A Brief History of the Blockchain Technology in Next Ten Years”. He believes that the financial sector will still be the primary application of blockchain, but also mentioned the contradictions of blockchain privacy and security. He mentioned when talking about performance expansion as well, the blockchain will grow from the current 20 million users to 10 billion in ten years.
Yutaka SOEJIMA, Head of Fintech Center in the Bank of Japan, introduced the blockchain system in Japan in “DLT for Large Value Payment Systems: Central Banks’ Challenges”, covering bank cards, clearing accounts, bill checks, etc. Fields.
Henry Ma, Vice President and Chief Information Officer of WeBank, proposed that the alliance chain should serve the general public in the “The evolution of consortium chain — Open Consortium Chain”, not just the alliance members. He believes that the public alliance chain is based on the organic integration of the service public, the power of the alliance and the distributed business.
Craig Dunn, Chairman of ISO Technical Committee 307 Blockchain and Distributed Ledger Technologies, introduced the development of blockchain standards in the lecture “Blockchain and Distributed Ledger Technologies: The Case for International Standards and The Pathway Forward”. He believes that China has played a very important role in this regard.
Ex-CTO of Shanghai Stock Exchange, Bai Shuo in the “Back-to-back Synnergy of Knowledge: A New Approach to Blockchain+AI Efforts” said, led to the concept of Data Fence, he hopes to use back-to-back knowledge collaboration (Back-to -back Synnergy of Knowledge) simultaneously implements data sharing and protection, and introduces the latest research results they have collaborated with the Chinese Academy of Sciences.
MIT Ford Professor of Engineering and Founder of Algorand, Silvio Micali mentioned the shortcomings of different consensus mechanisms in “Algorand: The Truly Distributed Ledger” and proposed “no fork, no miners, no work proof”. Pure PoS”.
After the meeting, EtherFlyer CIO Pang Yang and Stellar Partners investment manager Bowie Zhang conducted industry communication and initially established a cooperative relationship. Stellar Partners specializes in precision investments and has deep accumulation and successful investment experience in the areas of financial technology and blockchain. EtherFlyer greatly appreciates StarCraft’s unique vision and insights in financial technology, and agrees with its boutique strategy in investment. Bowie is also very positive about EtherFlyer’s breakthrough in decentralized trading, and he perceives that EtherFlyer’s experience in decentralized trading is very smooth, which is hard to achieve for other decentralized exchanges.
At the same time, EtherFlyer, Stellar Partners, and Xiong’an Southeast Asia Blockchain Innovation Center reached a tripartite cooperation at the meeting, which will share and build together in investment, incubation, operation, and community. Xiong’an Southeast Asia Blockchain Innovation Center was initiated by Li Xiaolai, the well-known investment institution Barbarian Fund, Harley Capital and China Hangzhou Blockchain Industrial Park. Misa Chen, head of the Xiong’an Southeast Asia Blockchain Innovation Center, introduced to EtherFlyer, which has been actively promoting the convergence of China’s blockchain investment capital with Southeast Asian countries, meanwhile helping the countries along the One Belt One Road to actively cooperate in infrastructure and digital economy. Misa Chen is very optimistic about the trend of decentralized trading, and she believes that EtherFlyer’sefforts in this area will have a profound impact on the development of the exchange.
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