At 18:30 on Jan 27, XT Exchange and BISHIJIE.COM jointly held an AMA titled ‘Parallel Universes: 2017? 2021?’, with Weber (XT.COM CEO) as our host and star projects including Aave, ZEN, KAVA, Atoken, XWC and Avax as our honored guests. We have a heated discussion of topic including current development, future prospects and investment orientation.
During the event, as a member of the Chinese community of 6-year-olf Whitecoin, and when asked "How to break the public chain competition in 2021", Jiss Wang said that "We have integrated the leading oracle network of Chaninlink with our upcoming DEX and stablecoin protocols.”
(Q: Weber, CEO of XT A: Jiss Wang, Commissioner of Whitecoin China Community)
Q:
Hello everyone, I am XT.COM CEO Weber. Thank you for being here. The AMA is titled ‘Parallel Universes: 2017? 2021?’, and we are happy discussing the market prospect and chances in 2021 with Jiss Wang. I hope we can bring a lot for you guys through the AMA.
XT.COM, as currently the top 50 trading platform on CMC and the top 20 on Coingecko, was founded in 2018. XT has insisted on discovering value currencies for users since its establishment and providing users with value transaction targets. In 2017, we all experienced the myth of a bull market. At the beginning of January 2017, the total market value of cryptocurrencies was only $18.2 billion. Till the beginning of January 2018, the market value of cryptocurrencies exceeded $779.2 billion, an increase of more than 42 times. On January 10, 2021, the total market value of cryptocurrencies exceeded $1.1 trillion. Will the myth of 2017 emerge again in 2021?
Well, Jiss Wang, would you like to introduce yourself and your project?
A:
Hi, I am Jiss Wang, the commissioner of the Whitecoin China community. Whitecoin is a public chain that realizes value interconnection between blockchains through the innovative Multi Tunnel Blockchain Communication Protocol (MTBCP). As an important part of the Whitecoin ecosystem, it is built into a cross-chain blockchain ecological complex through Random Proof of Stake (RPOS) consensus, Whitecoin Axis, Whitecoin wallet, decentralized mining pool, and smart contract platform.
Whitecoin can realize DeFi cross-chain operations, and uses MTBCP to provide developers with large-scale cross-chain functions.
XWC is an established public chain like Ethereum, and it has reached consensus for 7 years. XWC continues to be at the forefront of the industry in terms of consensus mechanism (POW-POS-RPOS), public chain performance, and cross-chain, and has a large number of followers in the encryption geek community in the United States and Europe. And its recent voice on DeFi has also attracted the attention of the community in promoting its DeFi application ecology.
If you want to participate in the development of Whitecoin, or just want to discuss business and how to use Whitecoin's blockchain technology, please do not hesitate to contact our community moderator via the following telegram link: https://t.me/xwc_whitecoin
And there are other links:
https://twitter.com/WhiteCoiner
Q:
In 2020, Bitcoin hit a record high, bringing prospect to investors. So could you share your opinions on the trend in 2021?
A:
In 2020, BTC has experienced a huge bull market, and with the soaring of DeFi, innovative applications are growing by the day, all of which are exciting. DeFi has greatly promoted the development of the entire market and has become an indispensable part of the industry. DeFi is attractive in multiple aspects. It has created huge gains in cryptocurrency assets. At the same time, there have been many exciting new projects that can benefit the community as well as currency lovers. The technical requirements are getting higher, and more valuable information can be obtained with a certain technology. Meanwhile, as the Grayscale Investments joins in the market, compliance will become more prominent. How to balance the relationship between innovation and compliance will have a greater impact on our earnings.
Q:
Compared with 2017, in the market of 2020, we obviously feel that in terms of currency prices, the performance of other public chain tokens except Bitcoin remains sluggish. Could you please talk about what will public chain technology and public chain tokens bring us in 2021?
A:
As with the compliance issues mentioned earlier, public chain tokens that are performing not well. Whoever solves this problem will stand out in the future competition. At the same time, the iterative upgrade of technology requires keeping up with the needs of the market. Many blockchains are adopting an approach that focuses on collaborative work rather than competition, which is why cross-chain operations are so important.
The development of ETH2.0 has attracted much attention, and its staking number has exceeded 2.8 million. If it is expected to go smoothly, it will greatly promote the in-depth development of the industry. With the vigorous development of various types of DeFi, the next round of hot spots may be the oracle sector.
Q:
As a 6-year-old project, Whitecoin has been rated as the top star token by OKEX with an increase of more than 600 times in 2017. How will Whitecoin break the public chain competition in 2021?
A:
Whitecoin (XWC) is proud to announce: We have integrated Chainlink's leading decentralized oracle network with our upcoming DEX and stablecoin protocols. This cooperation firstly provides support for the feed price of Chainlink BTC/USD, ETH/USD, USDT/USD and XWC/USD. This integration will also provide our DEX, stablecoins and all future DeFi products with reliable asset prices required to perform core protocol functions (such as checking staking and executing limit orders).
We chose Chainlink as the preferred oracle solution for Whitecoin developers because Chainlink's feed price can be accessed by developers anytime, and it is convenient to obtain high-quality price data supported by verifiable oracle infrastructure. The Chainlink framework has repeatedly proven that it can ensure the security of billions of dollars on the mainnet of various types of DeFi projects (such as Synthetix, Aave). We believe that Chainlink's readily available oracles will accelerate the Whitecoin DeFi protocol's entry into the market and protect users from various oracles and data manipulation attacks.
Of course, there are two main functions I want to emphasize:.
1) RPoS is a new consensus beyond the POS mechanism and provides many key benefits, such as: lower energy consumption and higher security (cooperation rather than competition). This means that all users can benefit from it, not just whales or individuals with the most powerful devices can get most of the rewards from the blockchain.
2) Another feature is cross-chain. I personally think this feature is one of the most important features, especially in the current market. Cross-chain operations focus on the use of multi-tunnel blockchain communication protocols to achieve value interconnection between blockchains. By using XWC's blockhain and ecosystem, the current blockchain can share and expand value.
Q:
Compared with 2017, which segments do you think blockchain investment will focus on 2021?
A:
The first is to invest in BTC, ETH, etc., followed by various DeFi products with high returns and high risks, especially those with certain technical currencies and market demand: DEX, oracles, cross-chain and other sectors. It is also possible to manage idle money in exchanges such as BTC, ETH, LTC and other currencies, and mortgage USDT for mining. It’s possible that 1UNI=1BNB.
The above are the main points brought by XWC, and I also anticipate to bringing you more next time.
About XT.COM
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XT.COM is building towards garnering loyalty and bring new potential for the development of the entire blockchain industry. To achieve better development, it is necessary to break the tradition with a fresh model.
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