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[XT] Daily Blockchain Newsfeed, Thursday, April 9th

[XT exchange] focuses on disseminating the most up-to-date, interesting and valuable cryptocurrency and blockchain industry news.

Stay Updated: Mainstream Encrypted Asset Market Quotes at 11:00 today

(Data Source: Feixiaohao)

Name Price(RMB) 24h Change

BTC 51764.10 0.86%

ETH 1213.82 2.28%

XRP 1.40 1.29%

USDT 7.10 0.16%

XT 29.41 -0.53%

Stay Informed: Daily Analysis

1. Data| BTC traffic continued to rebound, and the positions of large accounts rose from the previous week for two consecutive weeks

According to TokenInsight data, the TI index, which reflects the overall performance of the blockchain industry, was at 560.15 points at 8 o’clock on April 9(UTC+8), up 16.76 points from the same period yesterday, an increase of 3.08%. In addition, among the top 10 industries that TokenInsight closely monitors, the highest increase within 24 hours is a data service industry, with an increase of 10.91%; the highest decrease within 24 hours is the governance agreement industry, with a drop of 26.38%. According to monitoring, BTC 24h turnover was 3.68 billion, the number of active addresses decreased by 21.17% over yesterday, and the number of transfers decreased by 7.26% over yesterday.

[XT interpretation] BTC traffic continues to rebound, and the positions of large accounts rise for two consecutive weeks on a weekly basis and may rise in the short term. (Note: the above data is for reference only and does not constitute investment proposal.)

2. Analysis| BSV is expected to be halved at 09:00 on April 10

According to the data from Tokenview, the current block height of BSV is 629855, and there are 145 blocks to be halved from 630000 block height. BSV is expected to be halved by about 24 hours, i.e. BSV is expected to be halved at around 9:00 on April 10.

[XT interpretation] BSV plans to halve 630000 block height, and at that time the block reward will be reduced from 12.5 BSV to 6.25 BSV.

3. Dynamics| Forbes released the list of billionaires in 2020, and four entrepreneurs in the cryptocurrency industry were shortlisted

Forbes released the 2020 Billionaires List, with four cryptocurrency industry entrepreneurs shortlisted, including Bitmain co-founders Zhan Keqiang and Wu Jihan, Ripple co-founder Chris Larsen and Coinbase CEO Brian Armstrong, their personal assets respectively are $3.3 billion, $1.8 billion, $2.6 billion and $1 billion. Amazon CEO Jeff Bezos topped the list with a net worth of $113 billion, followed by Microsoft founder Bill Gates, fashion tycoon Bernard Arnott, and US investor Warren Buffett. Joseph Lubin, founder of ConsulSys, and Zhao Changpeng, CEO of Binance who appeared on the list of Forbes’ richest cryptocurrency in 2018, were not shortlisted this time.

[XT interpretation] In 2020, there were 2,095 billionaires on the list, less than 2,153 in 2019. The total wealth of the richest people on this year’s list is US $ 8 trillion, which is less than the US $ 8.7 trillion in 2019. This year, 267 people fell out of the ranking, 1062 people’s wealth shrank, reaching a record number-this reflects the impact of market turmoil and COVID-19. This pandemic has brought a violent impact, and the world’s top rich people have not been spared. The decline in the number of billionaires this year reflects the impact of the outbreak on the economy.

4. Dynamics| State Commission for Discipline Inspection of the CPC Central Committee: Blockchain contains huge transformative power

The website of the National Commission for Discipline Inspection of the CPC Central Committee today published the article “The Transformative Power of Blockchain”. It is mentioned in the article that as information technology, blockchain contains a huge transformative power not only at the level of productivity but also at the level of production relations. Through repeated games, blockchain will play a role in standardizing the behavior of both sides of the game in credit construction, so that rational economic people can reduce transaction costs and rationally allocate social resources, thereby maximizing social welfare.

[XT interpretation] Blockchain technology establishes a credit information database including all social members (legal persons and natural persons) and makes it public to the whole society, so that both sides of the game have more public information of each other, and repeat the game on the basis of cooperation for a longer time. This kind of information database will enable one side of the game to better establish its reputation, and the other side of the game to better understand itself. The credit system built on the blockchain can provide all kinds of education, contracts, certificates, etc., and through the blockchain records, it also avoids all kinds of “my father is my father” circular proofs.

Stay Tuned丨Daily Encrypted Encyclopedia

1.Zcash(ZEC)

It is a new encrypted digital asset with transparency and anonymity of a zero-knowledge proof algorithm. Equihash algorithm and PoW are used to build a distribution mechanism suitable for general computer mining. The total amount issued is the same as Bitcoin, totaling 21 million.

2.Nextcoin(NXT)

It is considered to be the representative of the 2nd generation of cryptocurrency because its design ideas, functions, features and program source code are significantly different from Bitcoin. Nextcoin(NXT) was born on November 24, 2013. Its source code is brand-new, rather than modifying a few parameters of Bitcoin’s source code. Its function is also quite different from Bitcoin’s, which uses the proof of stake (POS), rather than the proof of work mechanism (POW) of Bitcoin, and boasts many other interesting functions.

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