Hello, welcome to RelayNode China! China’s blockchain ecosystem is growing rapidly. We are aiming to share what local people are discussing and curious about and provide a weekly curated list of interesting content and upcoming (virtual) events. COVID-19 is bigger than anything written below but it is good to stay crypto and get informed.
What’s new (thanks to the contribution from Jack)
China starts testing digital Yuan in four pilot cities (Shenzhen, Xiongan, Chengdu, and Suzhou) for transportation subsidies and government employees’ payrolls. The pilot project is led by the central bank with the biggest four major banks and three telecom companies. For users, it won’t be too different from using wechat pay or Alipay.
The Uniswap/lendf.me (dforce) attack linked with ERC777 token (imBTC)’s security bug drained the latter nearly $25M assets. It stirred questions about if imBTC should hold (part of) the liabilities for users’ loss.
Libra updated White Paper v2.0 which indicates offering single-currency stablecoins in addition to the multi-currency coin and forgo the future transition to a permissionless system, seems more catering to CBDCs.
Alibaba’s Ant finance released a public permission blockchain product based on solidity, saying it will help one million SME and developers to build blockchain use cases.
MicroBT released M30 ASICs, which are the biggest competitors to Bitmain’s S19 models, according to data on Wabi. Founded in 2016, MicroBT’s M20 models contributed to 35% of the total network hashrate in 2019, and its CEO was imprisoned due to legal issues with his ex-employer Bitmain.
Something to read/watch (thanks to the contribution from Ajian)
Reconsider the moneyness of Bitcoin and Ethereum - a really fair statement and a comprehensive list of reasons for Bitcoin’s hardness.
A new testnet of Eth2.0 beacon chain, named ‘Tapoz’, with configuration same as the ongoing mainnet, is launched by Prysmatic Labs. Here is how to participate.
Virtual events
*April 19 Building in High Turbulence
*April21-23 EY Global Blockchain Summit
*May 1-2 DeFi Discussions Conf with ConsenSys
*May 7-8 Ethereal Virtual Summit 2020
*May 11-13 Consensus 2020 by CoinDesk
*June 8-10 Mainnet Events by Messari
*June 24-26 Remote Crypto Con
Notable conference (Until Further Notice)
July 15-16 Asia Blockchain Summit (Taipei)
July 22-23 Mining Disrupt (Miami)
Sep 11-16 Shanghai Blockchain Week by Wanxiang Blockchain (Shanghai)
Sep 28-30 Hong Kong Blockchain Week 2020
October 7-8 Token2049 (Hong Kong)
Nov 2-8 Korea Blockchain Week (Seoul)
Q3 (tbd) Bitcoin2020 (San Francisco)
M2 Asset Management (Oxford) | TBC, postponed from July 6-7