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 head of Avalanche China, famous for "really interesting technology", and when asked about "Development Focus in 2021", Wilson said that "The development focus of this year is to get more partners and investors’ recognition. In the past 4 months on the network, our ecological partners have exceeded 100, and the number of certification nodes has been over 700. The second is to expand the Chinese community. We have established an exclusive bonus pool to support and help the development of the ecological community. Starting in 2021, ‘City Preachers’ and ‘1 AVAX for each’ activities will be launched one after another, expecting to get more partners in Chinese market to help grow".
(Q: Weber, CEO of XT A: Wilson- Avalanche Head of China)
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 Wilson. 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, Wilson, would you like to introduce yourself and your project?
A:
Hello, everyone, I am Wilson, head of Avalanche China. I am honored to be here with you. Thanks for invitation.
The Avalanche Protocol is an open source platform for launching highly decentralized applications, new financial source languages, and new interoperable blockchains. Avalanche connects all blockchain platforms into an interoperable ecosystem. Here you can build your own custom blockchain, or digitize any asset with complex rule sets.
Q:
In 2020, Bitcoin hit a record high, bringing prospect to investors. So could you share your opinions on the trend in 2021?
A:
For Avalanche, the focus of this year's development is to obtain more partners and get wide recognition from investors. In the past 4 months, our ecological partners have broken through 100, including Tether, RCF, Chainlink, Polyient, and the number of certification nodes has exceeded 700, ranking top 1 globally.
The expansion of the Chinese community is also one of the important work tasks this year. For the Chinese community, we have set up an exclusive bonus pool to support and facilitate the development of its ecological community. Starting in 2021, ‘City Preacher’s and ‘1 AVAX for each’ activities have been launched one after another. We hope to get more partners in the Chinese market and help grow.
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:
In 2021, not only will encrypted digital currencies have received the attention of traditional finance, but the public chain technology will also continue to be recognized by companies and even many overseas government agencies. The application scenarios are constantly iterating. Avalanche reached a cooperation with the Turkish government in June 2020, and BiLira (TRYB) will be issued on the public chain of Avalanche.
The Turkish government and market have a relatively open attitude towards blockchain finance and technology. We are very happy to be recognized by the Turkey and be able to make the smooth issuance of the digital lira a milestone in our progress.
In 2021, when there is enough improvement in technology and market, the avalanche will have an excellent performance.
Q:
AVAX is rated as a "really interesting technology" project by Vitalik Buterin. Could you please the charm AVAX and how it turn interesting technologies into productivity in 2021?
A:
First of all, it’s honored to get recognition by Vitalik Buterin. The founder of Avalanche is Professor Gun of computer science at Cornell University. He believes that "Avalanche describes a new consensus protocol that combines the Satoshi Nakamoto consensus protocol with the classic consensus protocol. It is a major breakthrough". Prior to this, the classic consensus protocol and the Satoshi Nakamoto consensus protocol were the two early main consensus protocols for solving the Byzantine problem in distributed systems. Cornell University’s paper "From "Snowflake" to "Avalanche": A New Type of Metastable Consensus Protocol Family" describes a brand-new consensus protocol that can become an innovative technology parallel to PoW mechanism (by Satoshi Nakamoto) and Ethereum smart contract and are widely circulated among blockchain technology developers.
Our mission is to create a new financial Internet. In our opinion, the best application of the blockchain should be a P2P value transfer, and the most promising application at present is the application in finance.
Avalanche's high-performance consensus engine and flexible platform architecture allow us to support various financial applications and maintain a good user experience (fast transaction confirmation and lower transaction fees). Technology will become the highest productivity.
Q:
Compared with 2017, which segments do you think blockchain investment will focus on 2021?
A:
As a public chain, we cannot judge investment opportunities from the perspective of an investment institution. We value ecological opportunities. A rich ecosystem requires diverse participants, including various projects, institutions, communities, and developers, thus forming an ecological system of circular development.
The above are the main points brought by AVAX, and I also anticipate to bringing you more next time.
About XT.COM
XT.COM is the world’s first social infused exchange. Users can chat in communities while knowing the market trend to invest in. In XT communities, users explore valuable coins together.
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.
XT Exchange not only empowers the blockchain industry but leads the industry with its innovation.
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