Polkadot Green Project Report: ChainX Links Filecoin Project Progress to Phase Three.

2020-7-9 19:47
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Polkadot's community board, PolkaWorld, recently released the "H1 2020 Ecological Polkadot Project Progress Report". This report presents the first half of the historical development of six ecological Polkadot projects: ChainX, Stafi, Crust, Acala, Phala and Bifrost. Among them, ChainX's core network has been upgraded from Substrate 1.0 to 2.0, and ChainX is developing a FIL transport bridge connecting to the Filecoin ecosystem with smart contract tips. Steps: 1. Use the Rust IPFS Library 2. Get to know Filecoin's Rust Client 3. Filecoin Storage Pool 4. When done, place the first three modules into the Parachain map. The project is in phase three. At the same time, the ChainX team announced that they are currently working on three streams: 1. Developing the Bitcoin DeFi ecosystem. The team works on simple configurations of browser, API, wallet, etc. 2. Select the most useful material for the connection of the current chain. 3. Parachains Bridge Polkadot. ChainX plans to provide smart contracts and X-BTC to Polkadot and prepares slots. ChainX has announced that it is the first green Polkadot project to be developed on a critical network.

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Huobi Lake Ding Yuan: Beware of Joining DeFI Project Mining
On the evening of July 9, at the AMA event in which NEST, Huobipool, Winkrypto X and ChainNews participated, Ding Yuan, research director of Chainnews, head of Huobi Pool water outlet, and two guests from the NestFans forum they met. Discussion on the topic "How Hubi Lake is changing the DeFi ecosystem in the era of Web3.0?" Ding Yuan said it's no surprise that DeFi is hot, it should have happened a long time ago, but you should be careful not to get involved in DeFi mining. Currently, Defi Projects mining mode is a great way to get a cold start and low cost options to save time and expand project impact. In the end, it will be a castle in the air. Huobi Mining Pool will not be involved in Defi project mining operations, but will maintain communication with the main Defi project and engage stakeholders. For example, on July 8, the NEST lockdown mining opened.
2020-7-9 19:40