What a true milestone! The whole crypto market is up and finally breached $500+ billion in market cap. That's over half a trillion dollars which is quite impressive if you ask me! 📈💰🔥💪🏻🤩

Do You Know IPv6?

IPv6 is slowly but irresistibly making its way into the Internet and into our networks. In industrial countries, the average user adoption rate is around 30%, Belgium being the leader with over 50%. Over 25% of the Top Alexa 1000 websites are dual-stack, which means, they are reachable over IPv4 and IPv6.

🌐 Blockchain Will Change It

Blockchain is a new architecture, that revolutionizes the Internet and replaces the common centralized client-server design. Blockchain stores data on a chain of nodes. It is a shared public ledger on which the entire decentralized distributed peer-to-peer network relies.

🍒 BitCherry Technology Implementation — IPv8

IPv4 / IPv6 are all IP layer protocols, the point of difference is the number of bytes of the network source address and the destination.IPv4 supports more than 4 billion addresses, but you at home or office are sharing a floating IP address to connect the internet with everyone because the number of IP addresses is not enough. When you be home is using the temporary IP address to connect the internet; only the data center computer room and private network have has a fixed IP address.

In order to solve the problem of insufficient IP addresses, the IPv6 protocol was upgraded. The essence of the protocol is almost exactly the same as IPv4, but upgrading the address to 6 bytes can express 262 trillion addresses, which exceeds the number of each grain of sand in the world. Therefore, it is sufficient for all Internet-connected computers and IoT devices now and in the future.

The IPv8 address is based on the IPv4 / IPv6 address, adding 2 bytes to express the topological relationship of the network and the double-layer P2Plus gateway node. P2Plus will establish a decentralized fast, safe, and private point-to-point on the IP layer Communications network.

For example, IPv4 / IPv6 are regular roads, and all the villages have the roads; IPv8 builds a highway, and all the cities have the highway entrances and exits, while IPv8 addresses build a highway entrance link the regular road.

Nowadays Blockchain has become an important technology which promotes business development. So whoever can manage well core technologies may become the leader in this field. However, while using blockchain technology we still can experience some shortcomings. For example, most blockchain systems still adopt a single linked list structure and on chain commercial applications. The privacy and security of the company might be limited because of the performance of a single chain. So for this issue some public chain projects proposed a multi chain system structure. Unfortunately a multi chain system structure has the low efficiency between cross chain interoperability and the simple multi-chain structure. The commercial demand of monetary valued enterprises indirectly leads to some issues like: ineffective connection of traditional user groups and commercial institutions, the problem of weak liquidity, the low user trust caused by the lack of effective supervision methods in the existing blockchain. All of the problems mentioned above deeply limit the desire of enterprises in various fields to use blockchain technology.

As the world’s first scalable blockchain infrastructure based on IPv8 technology, , BitCherry has built an innovative physical layer network protocol which is built P2Plus end-to-end encryption. Current innovative network protocol has already achieved some improvements like: an improved spectrum from the high scalable hash map data architecture, improved smart contracts, cross chain consensus and other operating mechanisms. The innovative network protocol can provide global businesses with a high performance, high security, and high underlying technical support. Current services might be involved in different fields like: finance, product traceability, asset digitization, commercial consumption, e-commerce, cloud computing and also in many other fields.

The article above gives a quick introduction of project- BitCherry. The detailed explanation about the technical framework and innovative technologies will be explained on the following text content.

1、 BitCherry Technology Concept

BitCherry is the world’s first scalable blockchain infrastructure based on IPv8 technology. It has three major characteristics: they are high performance, data security and consensus governance. The company aims to build a commercial level blockchain infrastructure with an innovative physical layer which will be able to provide a high-performance, high security, high availability public chain support for distributed business applications on the chain.

BitCherry Key Technologies are:

IPv8, P2Plus Network Protocol（BlockChain Plus）, Sharding technology (Hash Ring Sharding Technology based on dividing the Related Hashgraph), aBFT+PoUc consensus algorithm, Bit-U incentive mechanism, smart contracts, and Cross Chain interoperability.

2、 Main technology innovations and their advantages

P2Plus Network Protocol（BlockChain Plus）

The existing P2P public chain protocols work above the TCP transport layer on the host side of the IPv4 / IPv6 wide area network, while the IPv8 protocol of BitCherry works in the lower layer of IP network and data has a link layer (which can work at the host side of routers and other machines at the same time). In other words, BitCherry starts to build the protocol which operates from the lowest physical layer, because it works at a lower level and located closer to the hardware. On the protocol layer of the device, P2Plus can easily penetrate any network, banning wall or network wall. Shortly, VPN, proxy server others are no longer needed. The P2Plus Network Protocol advantages are as follows:

High Performance: The transaction performance is improved by the horizontal fragmentation and vertical side chain of HashRelationGraph Algorithm. The consensus layer of the whole network is expanded to more than 100 000 nodes. The nodes participating in consensus in each transaction are controlled within hundreds nodes. In this way, BitCherry network can be completely decentralized, and the TPS of the network can reach for more than one million. Even if there are tens of thousands of BCHC transactions per second, the security and stability of BitCherry network will not be affected.

Scalability: Based on the aBFT Asynchronous Algorithm and relying on the expansion design of vertical side chain and horizontal fragmentation, the problem of block congestion is solved, which means that the resource occupation of phenomenal pop up applications will not affect other chain applications.

Privacy Security: The operation of the whole node is attached to the structure of hashgraph, which ensures the decentralization without heavy workload. It can realize the point-to-point encryption of information at the same time it can obtain a value high-speed interconnection, ensure the privacy and security of user’s data in the interaction process.

2. Sharding technology

The biggest problem of existing shard technology is cross chain transaction. Cross chain synchronous transaction in most of the time lose performance and asynchronous transaction damages security, the transaction is also occurring under some restrictions, the transaction must specify the partition in which it is located, so because of the issues mentioned above the actual application scenario will be greatly limited. As the solving way of the issues BitCherry uses Hashgraph partition based on the Relationship Graph. According to the six degree segmentation theory, the same type of relationship is usually concentrated in the surrounding small ring (similar to WeChat circle of friends), and it will form a Hash Ring from large to small relationships, such as the ring of friends or people who may know. Therefore, more than 96% of the final transactions are carried out in the same segment, and unnecessary cross segment transactions will be greatly reduced.

3. aBFT + PoUc Consensus Algorithm

In terms of consensus algorithm, BitCherry creatively combines blockchain technology with six degree segmentation theory on the basis of hash graph data structure which. It is proved that the value of PoUc would benefit in selection of consensus nodes and optimize the communication process of network consensus propagation process, and create a unique aBFT + PoUc consensus. Different from DPoS, all users can participate in the PoUc consensus. The algorithm automatically selects adjacent nodes and non-adjacent nodes according to the relationship graph algorithm, it conducts virtual voting with reference to their weights, and the selected nodes will get bookkeeping rewards.

4. Smart contract

BitCherry smart contract is a fully functional Docker containerized smart contract that supports multiple programming languages and supports external resource isolated by sandbox. In terms of programming language, it supports solidness, C + +, Java, go, typescript and other mainstream programming languages. The smart contract supports IPFs and the network upper layer protocol based on P2Plus point-to-point encryption. Its services involve supply chain finance, asset digitization, commercial consumption, e-commerce, distributed cloud computing and many other commercial fields.

5. Digital token

The main role of project’s BCHC token in the BitCherry ecology is to confirm the rights and price. It is the digital carrier of assets and the value support of BitCherry ecology. Its existence facilitates the flow of value in the form of digitization in the BitCherry ecology, realizing the mapping from the physical world to the digital world.

In the near future, we will give you a detailed introduction to the technology, consensus, product, ecology, and value of the distributed commercial public chain BitCherry.

DeFi, or Decentralized Finance (Decentralized Finance). The industry generally believes that DeFi originated in 2018, and the past 2019 was its first year of development. At present, the DeFi ecological territory continues to expand, with multiple domain use cases such as lending platforms, DEX, stablecoins, crypto derivatives, marketing forecast, and insurance.

In the past three months, the DeFi market has achieved impressive results. The total market value of the top 100 DeFi tokens has risen to 2.316$ billion. The number of users of the crypto asset derivative financial system project led by MakerDao has rapidly increased and started to expand the market, which makes DeFi to meet people’s expectations. As the most native landing scenario of the blockchain in the financial field, the breakthrough progress in the application of the ground is undoubtedly a long time for the entire encryption field ecology and market, which directly promotes the market warming.

However, while the demand for crypto asset derivative financial products continues to increase, it also brings some new problems:

DeFi is subject of performance

At present, most of the DeFi activities on the market are built on the Ethereum network, and the performance bottleneck of Ethereum has always been a relatively prominent problem.

Today, except for a few star projects such as MarkerDAO and Compound, most projects have very little flow and capital precipitation, and others have mortgage loan projects accounts for more than 70%, so few people currently criticize DeFi’s efficiency-related issues.

However, the 3/12 Black Swan incidents is still vivid. After the price of Ethereum plunged that day, the price of collateral in many DeFi loan agreements fell rapidly, hitting the warning line, and th en faced a large-scale liquidation, resulting the surge in transaction volume. Network congestion has caused serious insolvency problems for well-known projects like MakerDAO, indicating that network throughput is critical to the impact of the DeFi project.

DeFi has high hopes, but in this global financial turmoil, its performance is still unsatisfactory. In the face of the problem of liquidity depletion and network congestion, we have to think about whether DeFi's development scale will have an upper limit.

DeFi security issues

With the rapid development of DeFi, there have been various types of security incidents. In the world of codes and rules, especially in the financial field involving funds, a careless or imprecise will attract a large number of hackers to patronize, the tokens which will be stolen and abused. Vulnerability has become a problem that DeFi must face.

For project whose own security technology is not strong, if you want to protect user assets and enhance DeFi’s network security performance, you must first have a deep understanding of the risks that your products may have, so that you can deal with them when the crisis comes. And it is necessary to cooperate with the blockchain security company to conduct a comprehensive external security review, use the original code, and start the testnet to ensure security.

Behind the frequent occurrence of security incidents there is the typical symptom of imperfect infrastructure and DeFi at an early stage.

The above two major problems are actually the reason why there is always been a ‘bottleneck’ for DeFi users, which cannot really be applied on a large scale.

How to solve the above two difficult points? First, we must build a better distributed financial infrastructure. So, what kind of infrastructure do we need? What kind of distributed financial infrastructure can accelerate the adoption of mainstream people?

Distributed public commercial blockchain project BitCherry has core competence in the field of finance: First of all, just BitCherry base layer satisfies the entire system’s architecture of the agreement; secondly, based on BitCherrry backbone it claims to create a specialized financial side chains; in addition, we want to mention BitCherry’s strong financial backbone. The business specifically encapsulates common modules, which are more friendly to developers.

BitCherry developers use development tools, including loans, stable currency, exchange, derivatives, insurance, forecasting and many other scenes. For example, borrowing can realize P2P borrowing, and it can also realize consumption installment; stable currency can be realized by using digital asset mortgage mode.

As can it can be seen, based on a distributed architecture BitCherry’s financial system is more comprehensive, including both mainstream public chain, chain of its own public, there are a variety of financial components, enabling developers to easily develop financial products based on blockchain, focusing on business logic. By reducing the threshold for developers and take an advantage of block chain technology, BitCherry is driving toward distributed financial mainstream population.

For example, since the development of traditional financial markets, there have been many problems such as cumbersome adjustments, audits, pricing and issuance, and other complicated financing processes. And there is BitCherry solving the above problems which can be simplified by intelligent contract, in order to reduce the costs. It is also possible to realize the free flow of equity and assets by putting assets on the chain. BitCherry doing the underlying business logic architecture design, we conducted in-depth consideration, there will be a number of specialized financial services for the development of the side chains, such as cross-border payments, trade finance business ecosystem supply chain, STO, etc. The characteristics of parallel computing make it capable of handling global business transactions. Intra-chain communication is also very suitable for asset registration, account management, real-time transactions, etc. Open source and interoperability also make the entire interaction process more simplified and transparent.

At present, we are in the early stages of decentralized finance, from stablecoins to decentralized exchanges, wallets, payment networks and insurance platforms, to critical infrastructure, markets and investment engines, the entire DeFi ecosystem is booming. A new financial structure is also coming out. The possibility of establishing a new pattern on their ‘DeFi track’, let us wait and see.

As mankind is about to move towards an intelligent, fully-connected world of Internet, Internet of Everything, is an integration of virtual and real, is to face new generations, new services, and new needs, traditional IP networks have long been unable to handle it. How to make IP networks inherit the genes of success to make it to continue the development on the basis of meeting the new needs of the future industrial Internet, and promote the digitization of the entire industry, this issue has become a common concern of the industry.

The current IP technology started in 1969 and the protocol was finalized in 1978, it nearly operated for 50 years and has achieved great success. It turned out that IP technology focused on connecting computers around the world before, mainly in the office field; later it extended to mobile internet, so all mobile phones connected by later IP technology; but for so many years, traditional IP technology has been unable to meet the rapid development of industrial internet which has a series of requirements such as low latency and security.

According to a report in the ‘Financial Times’, Huawei, in conjunction with the Chinese Trade Union, China Telecom, and the Ministry of Industry and Information Technology, submitted a proposal called "New IP" to the International Telecommunication Union (ITU).

Huawei distributed an impressive article (titled "New IP framework and Protocol for Future Applications"). The article explains that new IP is a new Internet protocol framework which can better support emerging network applications, such as multi-network and holographic communication, etc., The new IP will fundamentally support the variable length of the network layer, multiple semantic addresses, and user-defined networks.

It is not difficult to observe that the innovation of IP network architecture has become the top priority in the current network society. The emerging technology of blockchain, relies on the Internet, whether or not will launch its own journey of ‘IP revolution’.

As we all know, the network protocol is the basis of the network program, and the peer-to-peer network is also the basis of the blockchain operation. Therefore, the security and connectivity speed of the network protocol directly affects the security and performance of the blockchain. However, all existing public P2P protocols work above the TCP transport layer of the host side of the IPv4/IPv6 wide area network, which leads to have a network security issue which is gradually becoming a potentially huge problem, because the TCP/IP protocol was not formulated with a full consideration of security at all. We should fully consider its security, so in the actual application process there won’t be attacks such as IP address spoofing, source routing attacks, network eavesdropping and so on. Secondly, the IPv4/IPv6 network architecture is prone to data loss and incomplete transmission during data transmission.

In order to solve these issues, BitCherry firstly proposed, the block chain network protocol built on IPv8 technology. In order to ensure privacy of data transmission and malicious nodes, different with the traditional P2P network protocols, The P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmitted content is encrypted, and only the receiving node can decrypt it, ensuring the confidentiality of the transmitted content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Unlike the SSL certificate system and account/password method adopted by OpenSSN, P2P+ authorizes network reads/writes of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP addresses to prevent false IP address attacks.

BitCherry P2Plus work on more underlying IP network layer and the data link layer (which can work simultaneously in Host and router), so P2Plus can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.

As it can be seen above, Huawei New IP and BitCherry IPv8 have some similarities like:

1. Background: Both are based on the disadvantages of the traditional Internet, which exist in the background that the traditional Internet is unable to support the connection of massive networked subjects, has low transmission efficiency, instability, and is prone to attacks.

2. Objective: Both are committed to build a more secure, efficient, and open internet, supporting the interconnection of all networks, the interconnection of all things, and precise transmission. It has the characteristics of flexible addressing, efficient operation, safety, and efficiency.

When the reality of traditional internet increasingly becoming unstable, we believe there will be more new technologies that will build with BitCherry for a better future, we also believe, this technology of BitCherry, will become the most dazzling star. The release of new IP, will also have a more active role in the development of BitCherry, the two will work together to accelerate the upgrade of the Internet. Let us look forward to the arrival of web3.0 together!

Between 2009 and the end of 2018 there were roughly 2000 crypto currencies available over the Internet with a total market cap of $145 billion. Leading the pack with the largest blockchain network is Bitcoin with other offerings like Etherium, Tether and Ripple dominating the marketplace as well. As high performing currencies enter the competition like graphene-based coins it is important to differentiate which coins will work for you. That is why choosing a Proof of Use digital currency like TROPTIONS is crucial. Every crypto currency has to have one of these three things: Proof of work, Proof of stake or proof of use. TROPTIONS has proven itself to be the proof of use coin in the world with no competition to dethrone it. Starting at the beginning To begin with let me explain two important things related to TROPTIONS: What does proof of use mean and what is TROPTIONS? Proof of use in cryptocurrency means you are able to make practical use of the digital coins. Practical coins allow you to use your digital currency for everyday transactions. TROPTIONS were born of the restrictive lack of liquidity experienced during transactions that effectively slowed down commerce. This trade dollar allows people to trade their liquid assets within the Bitcoin blockchain ecosystem and also trade the currency for cash to function in transactions outside the system. What is TROPTIONS? Simply put, TROPTIONS is a peer to peer asset supported trade ecosystem. TROPTIONS doesn’t limit what you can trade in on the market place seeing as it is accepted in a myriad of industries. The currency has financed small companies, hotels, and other businesses to raise capital for their expansion, growth and continues to help people buy assets through its marketplace platform. TROPTIONS is The People’s Currency TROPTIONS give the holder the ability to transact business without the interference of centralized systems like banks or governments that charge a fee for any transactions they are involved in. It is a crypto currency that is changing the way we run our economies worldwide. How TROPTIONS fit the definition of “the People’s Currency” 1) They give you options in transactions This is a cryptocurrency that can be traded for different digital currencies, US dollars, or used to barter for assets. The currency gives you excellent avenues to conduct business. Buying land and other assets doesn’t need to be transacted in the presence of third parties like the banks. And if you need to change your asset for cash you can go ahead and do that after purchasing using TROPTIONS. 2) They have value and increase in value as well As you learn the best practices you can make even more lucrative moves with TROPTIONS. The best practice may mean not selling your troptions immediately you receive them instead hold on to them and let them appreciate in value. Right now, cryptocurrency is easy to get and hard to spend but not TROPTIONS. Using TROPTIONS for transactions is fairly easy compared to using other cryptos because of its bartering aspect and its ability to be exchange on blockchain platforms. At the point of inflection where crypto will be hard to come by and easy to use (like USD and other Fiat currencies are at the moment) TROPTIONS will have increased value. 3) It is widely accepted in business transactions including by the SEC The SEC is hard on registering initial coin offerings. However, TROPTIONS have officially existed as digital currency since December of 2003, with an SEC filing in 2004. This filing gives business people who are transacting everyday business the confidence to use the digital currency with assured security and no interference. Individuals and businesses alike are able to transact business in a more efficient and effective way using TROPTIONS. To be honest, it is a win-win situation for everyone! https://medium.com/@mercyamati...finance-in-africa-b4

We all know the hype is only beginning the for this altseason and the underlining narrative is DeFi. We are in the calm period right before the real fireworks begin in a couple months. Many were lucky to see money fall from the sky with the Uniswap airdrop as they gave free UNI tokens to those that used the exchange. We believe there may another exchange gearing up for a their own token launch and could be planning an airdrop as well. If you like free money, then you are going to want to hear this.

The Uniswap Backstory

Before we jump into it, here is a quick backstory. Uniswap started off by building an exceptional product. They launched a decentralized exchange in which anyone(the coin creator or a trader) can list a coin and begin executing trades in a fairly easy to use UI. A year or so later the Uniswap exchange is busy with trading actually more volume than Coinbase, a a very large exchange in the U.S.

Thereafter, the Uniswap exchange perform an airdrop of their new UNI token. They gave 400 UNI to every wallet that had traded on the Uniswap exchange. At one point, the UNI token was worth $8.40, which 400 tokens amounted to $3,360 for FREE!

We believe this next exchange could very well complete an airddrop for those that use their exchange.

The Exchange

So what could be a DeFi exchange that has a live product and does not have a coin yet?? The dYdX exchange is primed for such an offering. This is a decentralized exchange exactly like Uniswap and focuses on derivatives built on smart contracts. So it is existing DeFi infrastructure that does not have a token, yet. The dYdX uses borrowing and lending pools to power its exchange exactly how Uniswap uses liquidity provider pools.

The Clues

So, is it time for free money again? In a recent interview with CEO of the dYdX exchange, Antonio Juliano was asked if dYdX would have a token. His response was quite positive that the exchange would soon create one. Juliano stated,

“Certainly we’re paying attention to everything that is going on in the DeFi space. Tokens we’ve seen be really valuable both in terms of spurring a lot of growth for platforms. Well of course, we want to grow too so that would be super positive for us. Another thing that I think is really impactful about tokens is how much more power and say they give to the community for the direction of the project which I think is a really positive thing as well. I think it would really benefit dYdX.” He went on to say they are seriously considering it.

In Conclusion

Will this Exchange be the next Uniswap Airdrop? Its looking like a yes. That said, you may want to consider putting in for a trade or 2 on the dYdX exchange in preparation for an upcoming airdrop. This could equate to a good amount of free money in the near future.