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[XT] Daily Blockchain Newsfeed, Thursday, May 21st

[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 67338.88 -2.60%

ETH 1489.48 -1.75%

XRP 1.42 -1.75%

USDT 7.10 0.12%

XT 32.33 -0.16%

Stay Informed: Daily Analysis

1. Data | BTC transaction fees have risen slowly for a straight week, with the chain activity at a high level this year

According to TokenInsight data, the TI index, which reflects the overall performance of the blockchain industry, was at 710.93 points at 8 o’clock on May 21st (UTC+8), down 13.24 points from the same period yesterday, a drop of 1.83%. In addition, among the top 10 industries that TokenInsight pays close attention to, the highest increase within 24 hours is the wallet industry, with an increase of 25.82%; the highest decline within 24 hours is E-commerce industry, with a drop of 6.62%. According to monitoring, BTC 24h turnover was $36.7 billion, the number of active addresses decreased by 2.46% over yesterday, and the number of transfers increased by 9.87% over yesterday.

[XT interpretation] BTC transaction fees have risen slowly for a straight week, with the chain activity at a high level this year, which may be consolidated in the short term. (Note: the above data is for reference only and does not constitute investment proposal.)

2. Analysis | Meng Qiang, China Law Society: Bitcoin belongs to the category of “real right” protected by law

According to Beijing News, in response to the question “whether the draft of the civil code considers the inclusion of virtual property as a kind of real right,” Meng Qiang, director and Deputy Secretary-General of Civil Law Research Association of China Law Society and director of the civil law research center of Law School of Beijing Institute of Technology, said in an interview that “Things include real estate and movable property” is stipulated in Article 115 of General Provisions of Civil Law. If the law specifies that the right is the object of real power, it shall be by its provisions. “. Article 127 states that “if the law has provisions on the protection of data and network virtual property, such provisions shall prevail.” Meng Qiang explained that Bitcoin and “equipment” purchased for playing games belong to the category of “real right” protected by law.

[XT interpretation] According to the analysis of professionals, what constitutes the real right in nature is the object of the real right protection in the draft civil code. As for the specific security, the civil code does not make particular provisions but stipulates that it is the object of legal protection, and the special protection is left to the law for judicial provisions.

3. Viewpoint | Cai Liang, Zhejiang University: the natural structure of blockchain can realize the traceability of the food supply chain process

Cai Liang, executive deputy director of the blockchain research center of Zhejiang University, said that blockchain technology is distributed, difficult to tamper with and traceable, and can play a safe, transparent, and efficient advantage in the field of food safety. With the natural block chain structure of the blockchain, the traceability of the complete supply chain process of food from processing, packaging, transportation to retail can be realized. At the same time, participants can cross-check the authenticity of the data, no one can tamper with the data alone, and the information is more reliable and safe, which also helps build trust between food producers and consumers.

[XT interpretation] Unlike traditional bookkeeping, blockchain is a bookkeeping technology that is jointly maintained by multi-parties, uses cryptography to ensure the security of transmission and access, and can achieve consistent data storage, challenging to tamper with and prevent repudiation. At present, many countries around the world are accelerating the layout of blockchain applications. In the field of food safety, blockchain technology also records all the information of products with its unique advantages, to further guarantee the “safety on the tip of the tongue” of consumers.

Stay Tuned丨Daily Encrypted Encyclopedia

1. “Dot-com Bubble.”

It refers to speculative bubbles related to information technology and the Internet from 1995 to 2001. In several stock markets in Europe, America, and Asia, the share prices of Internet and related enterprises rose rapidly, reaching a peak on March 10th, 2000, when the NASDAQ index reached a peak of 5408.60 and closed at 5048.62. During this period, speculators in western countries saw the rapid growth of the Internet sector and related fields, and they speculated in this aspect one after another. However, the development of the Internet sector is a cycle of boom and bust. The Internet boom sometimes refers to the stable business growth of the Internet in the 1990s, as well as the emergence of the world wide web, as evidenced by the debut of Mosaic Browser in 1993.

2. “Currency Mixer.”

It is a kind of service that conceals the transaction path and the identity of participants through currency mixing. Mixed currency is a decentralized privacy function, which allows users to quickly and efficiently mix with other users’ funds, and create a random mapping relationship between the existing account and the new account after mixed, to achieve complete anonymity.

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