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RESEARCH REPORT ABOUT KYBER NETWORK

RESEARCH REPORT ABOUT KYBER NETWORK
Author: Gamals Ahmed, CoinEx Business Ambassador

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ABSTRACT

In this research report, we present a study on Kyber Network. Kyber Network is a decentralized, on-chain liquidity protocol designed to make trading tokens simple, efficient, robust and secure.
Kyber design allows any party to contribute to an aggregated pool of liquidity within each blockchain while providing a single endpoint for takers to execute trades using the best rates available. We envision a connected liquidity network that facilitates seamless, decentralized cross-chain token swaps across Kyber based networks on different chains.
Kyber is a fully on-chain liquidity protocol that enables decentralized exchange of cryptocurrencies in any application. Liquidity providers (Reserves) are integrated into one single endpoint for takers and users. When a user requests a trade, the protocol will scan the entire network to find the reserve with the best price and take liquidity from that particular reserve.

1.INTRODUCTION

DeFi applications all need access to good liquidity sources, which is a critical component to provide good services. Currently, decentralized liquidity is comprised of various sources including DEXes (Uniswap, OasisDEX, Bancor), decentralized funds and other financial apps. The more scattered the sources, the harder it becomes for anyone to either find the best rate for their trade or to even find enough liquidity for their need.
Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
The protocol allows for a wide range of implementation possibilities for liquidity providers, allowing a wide range of entities to contribute liquidity, including end users, decentralized exchanges and other decentralized protocols. On the taker side, end users, cryptocurrency wallets, and smart contracts are able to perform instant and trustless token trades at the best rates available amongst the sources.
The Kyber Network is project based on the Ethereum protocol that seeks to completely decentralize the exchange of crypto currencies and make exchange trustless by keeping everything on the blockchain.
Through the Kyber Network, users should be able to instantly convert or exchange any crypto currency.

1.1 OVERVIEW ABOUT KYBER NETWORK PROTOCOL

The Kyber Network is a decentralized way to exchange ETH and different ERC20 tokens instantly — no waiting and no registration needed.
Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber’s fully on-chain design allows for full transparency and verifiability in the matching engine, as well as seamless composability with DApps, not all of which are possible with off-chain or hybrid approaches. The integration of a large variety of liquidity providers also makes Kyber uniquely capable of supporting sophisticated schemes and catering to the needs of DeFi DApps and financial institutions. Hence, many developers leverage Kyber’s liquidity pool to build innovative financial applications, and not surprisingly, Kyber is the most used DeFi protocol in the world.
The Kyber Network is quite an established project that is trying to change the way we think of decentralised crypto currency exchange.
The Kyber Network has seen very rapid development. After being announced in May 2017 the testnet for the Kyber Network went live in August 2017. An ICO followed in September 2017, with the company raising 200,000 ETH valued at $60 million in just one day.
The live main net was released in February 2018 to whitelisted participants, and on March 19, 2018, the Kyber Network opened the main net as a public beta. Since then the network has seen increasing growth, with network volumes growing more than 500% in the first half of 2019.
Although there was a modest decrease in August 2019 that can be attributed to the price of ETH dropping by 50%, impacting the overall total volumes being traded and processed globally.
They are developing a decentralised exchange protocol that will allow developers to build payment flows and financial apps. This is indeed quite a competitive market as a number of other such protocols have been launched.
In Brief - Kyber Network is a tool that allows anyone to swap tokens instantly without having to use exchanges. - It allows vendors to accept different types of cryptocurrency while still being paid in their preferred crypto of choice. - It’s built primarily for Ethereum, but any smart-contract based blockchain can incorporate it.
At its core, Kyber is a decentralized way to exchange ETH and different ERC20 tokens instantly–no waiting and no registration needed. To do this Kyber uses a diverse set of liquidity pools, or pools of different crypto assets called “reserves” that any project can tap into or integrate with.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
All this swapping happens directly on the Ethereum blockchain, meaning every transaction is completely transparent.

1.1.1 WHY BUILD THE KYBER NETWORK?

While crypto currencies were built to be decentralized, many of the exchanges for trading crypto currencies have become centralized affairs. This has led to security vulnerabilities, with many exchanges becoming the victims of hacking and theft.
It has also led to increased fees and costs, and the centralized exchanges often come with slow transfer times as well. In some cases, wallets have been locked and users are unable to withdraw their coins.
Decentralized exchanges have popped up recently to address the flaws in the centralized exchanges, but they have their own flaws, most notably a lack of liquidity, and often times high costs to modify trades in their on-chain order books.

Some of the Integrations with Kyber Protocol
The Kyber Network was formed to provide users with a decentralized exchange that keeps everything right on the blockchain, and uses a reserve system rather than an order book to provide high liquidity at all times. This will allow for the exchange and transfer of any cryptocurrency, even cross exchanges, and costs will be kept at a minimum as well.
The Kyber Network has three guiding design philosophies since the start:
  1. To be most useful the network needs to be platform-agnostic, which allows any protocol or application the ability to take advantage of the liquidity provided by the Kyber Network without any impact on innovation.
  2. The network was designed to make real-world commerce and decentralized financial products not only possible but also feasible. It does this by allowing for instant token exchange across a wide range of tokens, and without any settlement risk.
  3. The Kyber Network was created with ease of integration as a priority, which is why everything runs fully on-chain and fully transparent. Kyber is not only developer-friendly, but is also compatible with a wide variety of systems.

1.1.2 WHO INVENTED KYBER?

Kyber’s founders are Loi Luu, Victor Tran, Yaron Velner — CEO, CTO, and advisor to the Kyber Network.

1.1.3 WHAT DISTINGUISHES KYBER?

Kyber’s mission has always been to integrate with other protocols so they’ve focused on being developer-friendly by providing architecture to allow anyone to incorporate the technology onto any smart-contract powered blockchain. As a result, a variety of different dapps, vendors, and wallets use Kyber’s infrastructure including Set Protocol, bZx, InstaDApp, and Coinbase wallet.
Besides, dapps, vendors, and wallets, Kyber also integrates with other exchanges such as Uniswap — sharing liquidity pools between the two protocols.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
Limit orders on Kyber allow users to set a specific price in which they would like to exchange a token instead of accepting whatever price currently exists at the time of trading. However, unlike with other exchanges, users never lose custody of their crypto assets during limit orders on Kyber.
The Kyber protocol works by using pools of crypto funds called “reserves”, which currently support over 70 different ERC20 tokens. Reserves are essentially smart contracts with a pool of funds. Different parties with different prices and levels of funding control all reserves. Instead of using order books to match buyers and sellers to return the best price, the Kyber protocol looks at all the reserves and returns the best price among the different reserves. Reserves make money on the “spread” or differences between the buying and selling prices. The Kyber wants any token holder to easily convert one token to another with a minimum of fuss.

1.2 KYBER PROTOCOL

The protocol smart contracts offer a single interface for the best available token exchange rates to be taken from an aggregated liquidity pool across diverse sources. ● Aggregated liquidity pool. The protocol aggregates various liquidity sources into one liquidity pool, making it easy for takers to find the best rates offered with one function call. ● Diverse sources of liquidity. The protocol allows different types of liquidity sources to be plugged into. Liquidity providers may employ different strategies and different implementations to contribute liquidity to the protocol. ● Permissionless. The protocol is designed to be permissionless where any developer can set up various types of reserves, and any end user can contribute liquidity. Implementations need to take into consideration various security vectors, such as reserve spamming, but can be mitigated through a staking mechanism. We can expect implementations to be permissioned initially until the maintainers are confident about these considerations.
The core feature that the Kyber protocol facilitates is the token swap between taker and liquidity sources. The protocol aims to provide the following properties for token trades: ● Instant Settlement. Takers do not have to wait for their orders to be fulfilled, since trade matching and settlement occurs in a single blockchain transaction. This enables trades to be part of a series of actions happening in a single smart contract function. ● Atomicity. When takers make a trade request, their trade either gets fully executed, or is reverted. This “all or nothing” aspect means that takers are not exposed to the risk of partial trade execution. ● Public rate verification. Anyone can verify the rates that are being offered by reserves and have their trades instantly settled just by querying from the smart contracts. ● Ease of integration. Trustless and atomic token trades can be directly and easily integrated into other smart contracts, thereby enabling multiple trades to be performed in a smart contract function.
How each actor works is specified in Section Network Actors. 1. Takers refer to anyone who can directly call the smart contract functions to trade tokens, such as end-users, DApps, and wallets. 2. Reserves refer to anyone who wishes to provide liquidity. They have to implement the smart contract functions defined in the reserve interface in order to be registered and have their token pairs listed. 3. Registered reserves refer to those that will be cycled through for matching taker requests. 4. Maintainers refer to anyone who has permission to access the functions for the adding/removing of reserves and token pairs, such as a DAO or the team behind the protocol implementation. 5. In all, they comprise of the network, which refers to all the actors involved in any given implementation of the protocol.
The protocol implementation needs to have the following: 1. Functions for takers to check rates and execute the trades 2. Functions for the maintainers to registeremove reserves and token pairs 3. Reserve interface that defines the functions reserves needs to implement
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1.3 KYBER CORE SMART CONTRACTS

Kyber Core smart contracts is an implementation of the protocol that has major protocol functions to allow actors to join and interact with the network. For example, the Kyber Core smart contracts provide functions for the listing and delisting of reserves and trading pairs by having clear interfaces for the reserves to comply to be able to register to the network and adding support for new trading pairs. In addition, the Kyber Core smart contracts also provide a function for takers to query the best rate among all the registered reserves, and perform the trades with the corresponding rate and reserve. A trading pair consists of a quote token and any other token that the reserve wishes to support. The quote token is the token that is either traded from or to for all trades. For example, the Ethereum implementation of the Kyber protocol uses Ether as the quote token.
In order to search for the best rate, all reserves supporting the requested token pair will be iterated through. Hence, the Kyber Core smart contracts need to have this search algorithm implemented.
The key functions implemented in the Kyber Core Smart Contracts are listed in Figure 2 below. We will visit and explain the implementation details and security considerations of each function in the Specification Section.

1.4 HOW KYBER’S ON-CHAIN PROTOCOL WORKS?

Kyber is the liquidity infrastructure for decentralized finance. Kyber aggregates liquidity from diverse sources into a pool, which provides the best rates for takers such as DApps, Wallets, DEXs, and End users.

1.4.1 PROVIDING LIQUIDITY AS A RESERVE

Anyone can operate a Kyber Reserve to market make for profit and make their tokens available for DApps in the ecosystem. Through an open reserve architecture, individuals, token teams and professional market makers can contribute token assets to Kyber’s liquidity pool and earn from the spread in every trade. These tokens become available at the best rates across DApps that tap into the network, making them instantly more liquid and useful.
MAIN RESERVE TYPES Kyber currently has over 45 reserves in its network providing liquidity. There are 3 main types of reserves that allow different liquidity contribution options to suit the unique needs of different providers. 1. Automated Price Reserves (APR) — Allows token teams and users with large token holdings to have an automated yet customized pricing system with low maintenance costs. Synthetix and Melon are examples of teams that run APRs. 2. Fed Price Reserves (FPR) — Operated by professional market makers that require custom and advanced pricing strategies tailored to their specific needs. Kyber alongside reserves such as OneBit, runs FPRs. 3. Bridge Reserves (BR) — These are specialized reserves meant to bring liquidity from other on-chain liquidity providers like Uniswap, Oasis, DutchX, and Bancor into the network.

1.5 KYBER NETWORK ROLES

There Kyber Network functions through coordination between several different roles and functions as explained below: - Users — This entity uses the Kyber Network to send and receive tokens. A user can be an individual, a merchant, and even a smart contract account. - Reserve Entities — This role is used to add liquidity to the platform through the dynamic reserve pool. Some reserve entities are internal to the Kyber Network, but others may be registered third parties. Reserve entities may be public if the public contributes to the reserves they hold, otherwise they are considered private. By allowing third parties as reserve entities the network adds diversity, which prevents monopolization and keeps exchange rates competitive. Allowing third party reserve entities also allows for the listing of less popular coins with lower volumes. - Reserve Contributors — Where reserve entities are classified as public, the reserve contributor is the entity providing reserve funds. Their incentive for doing so is a profit share from the reserve. - The Reserve Manager — Maintains the reserve, calculates exchange rates and enters them into the network. The reserve manager profits from exchange spreads set by them on their reserves. They can also benefit from increasing volume by accessing the entire Kyber Network. - The Kyber Network Operator — Currently the Kyber Network team is filling the role of the network operator, which has a function to adds/remove Reserve Entities as well as controlling the listing of tokens. Eventually, this role will revert to a proper decentralized governance.

1.6 BASIC TOKEN TRADE

A basic token trade is one that has the quote token as either the source or destination token of the trade request. The execution flow of a basic token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for ETH as an example. The trade happens in a single blockchain transaction. 1. Taker sends 1 ETH to the protocol contract, and would like to receive BAT in return. 2. Protocol contract queries the first reserve for its ETH to BAT exchange rate. 3. Reserve 1 offers an exchange rate of 1 ETH for 800 BAT. 4. Protocol contract queries the second reserve for its ETH to BAT exchange rate. 5. Reserve 2 offers an exchange rate of 1 ETH for 820 BAT. 6. This process goes on for the other reserves. After the iteration, reserve 2 is discovered to have offered the best ETH to BAT exchange rate. 7. Protocol contract sends 1 ETH to reserve 2. 8. The reserve sends 820 BAT to the taker.

1.7 TOKEN-TO-TOKEN TRADE

A token-to-token trade is one where the quote token is neither the source nor the destination token of the trade request. The exchange flow of a token to token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for DAI as an example. The trade happens in a single blockchain transaction. 1. Taker sends 50 BAT to the protocol contract, and would like to receive DAI in return. 2. Protocol contract sends 50 BAT to the reserve offering the best BAT to ETH rate. 3. Protocol contract receives 1 ETH in return. 4. Protocol contract sends 1 ETH to the reserve offering the best ETH to DAI rate. 5. Protocol contract receives 30 DAI in return. 6. Protocol contract sends 30 DAI to the user.

2.KYBER NETWORK CRYSTAL (KNC) TOKEN

Kyber Network Crystal (KNC) is an ERC-20 utility token and an integral part of Kyber Network.
KNC is the first deflationary staking token where staking rewards and token burns are generated from actual network usage and growth in DeFi.
The Kyber Network Crystal (KNC) is the backbone of the Kyber Network. It works to connect liquidity providers and those who need liquidity and serves three distinct purposes. The first of these is to collect transaction fees, and a portion of every fee collected is burned, which keeps KNC deflationary. Kyber Network Crystals (KNC), are named after the crystals in Star Wars used to power light sabers.
The KNC also ensures the smooth operation of the reserve system in the Kyber liquidity since entities must use third-party tokens to buy the KNC that pays for their operations in the network.
KNC allows token holders to play a critical role in determining the incentive system, building a wide base of stakeholders, and facilitating economic flow in the network. A small fee is charged each time a token exchange happens on the network, and KNC holders get to vote on this fee model and distribution, as well as other important decisions. Over time, as more trades are executed, additional fees will be generated for staking rewards and reserve rebates, while more KNC will be burned. - Participation rewards — KNC holders can stake KNC in the KyberDAO and vote on key parameters. Voters will earn staking rewards (in ETH) - Burning — Some of the network fees will be burned to reduce KNC supply permanently, providing long-term value accrual from decreasing supply. - Reserve incentives — KNC holders determine the portion of network fees that are used as rebates for selected liquidity providers (reserves) based on their volume performance.

Finally, the KNC token is the connection between the Kyber Network and the exchanges, wallets, and dApps that leverage the liquidity network. This is a virtuous system since entities are rewarded with referral fees for directing more users to the Kyber Network, which helps increase adoption for Kyber and for the entities using the Network.
And of course there will soon be a fourth and fifth uses for the KNC, which will be as a staking token used to generate passive income, as well as a governance token used to vote on key parameters of the network.
The Kyber Network Crystal (KNC) was released in a September 2017 ICO at a price around $1. There were 226,000,000 KNC minted for the ICO, with 61% sold to the public. The remaining 39% are controlled 50/50 by the company and the founders/advisors, with a 1 year lockup period and 2 year vesting period.
Currently, just over 180 million coins are in circulation, and the total supply has been reduced to 210.94 million after the company burned 1 millionth KNC token in May 2019 and then its second millionth KNC token just three months later.
That means that while it took 15 months to burn the first million KNC, it took just 10 weeks to burn the second million KNC. That shows how rapidly adoption has been growing recently for Kyber, with July 2019 USD trading volumes on the Kyber Network nearly reaching $60 million. This volume has continued growing, and on march 13, 2020 the network experienced its highest daily trading activity of $33.7 million in a 24-hour period.
Currently KNC is required by Reserve Managers to operate on the network, which ensures a minimum amount of demand for the token. Combined with future plans for burning coins, price is expected to maintain an upward bias, although it has suffered along with the broader market in 2018 and more recently during the summer of 2019.
It was unfortunate in 2020 that a beginning rally was cut short by the coronavirus pandemic, although the token has stabilized as of April 2020, and there are hopes the rally could resume in the summer of 2020.

2.1 HOW ARE KNC TOKENS PRODUCED?

The native token of Kyber is called Kyber Network Crystals (KNC). All reserves are required to pay fees in KNC for the right to manage reserves. The KNC collected as fees are either burned and taken out of the total supply or awarded to integrated dapps as an incentive to help them grow.

2.2 HOW DO YOU GET HOLD OF KNC TOKENS?

Kyber Swap can be used to buy ETH directly using a credit card, which can then be used to swap for KNC. Besides Kyber itself, exchanges such as Binance, Huobi, and OKex trade KNC.

2.3 WHAT CAN YOU DO WITH KYBER?

The most direct and basic function of Kyber is for instantly swapping tokens without registering an account, which anyone can do using an Etheruem wallet such as MetaMask. Users can also create their own reserves and contribute funds to a reserve, but that process is still fairly technical one–something Kyber is working on making easier for users in the future.

2.4 THE GOAL OF KYBER THE FUTURE

The goal of Kyber in the coming years is to solidify its position as a one-stop solution for powering liquidity and token swapping on Ethereum. Kyber plans on a major protocol upgrade called Katalyst, which will create new incentives and growth opportunities for all stakeholders in their ecosystem, especially KNC holders. The upgrade will mean more use cases for KNC including to use KNC to vote on governance decisions through a decentralized organization (DAO) called the KyberDAO.
With our upcoming Katalyst protocol upgrade and new KNC model, Kyber will provide even more benefits for stakeholders. For instance, reserves will no longer need to hold a KNC balance for fees, removing a major friction point, and there will be rebates for top performing reserves. KNC holders can also stake their KNC to participate in governance and receive rewards.

2.5 BUYING & STORING KNC

Those interested in buying KNC tokens can do so at a number of exchanges. Perhaps your best bet between the complete list is the likes of Coinbase Pro and Binance. The former is based in the USA whereas the latter is an offshore exchange.
The trading volume is well spread out at these exchanges, which means that the liquidity is not concentrated and dependent on any one exchange. You also have decent liquidity on each of the exchange books. For example, the Binance BTC / KNC books are wide and there is decent turnover. This means easier order execution.
KNC is an ERC20 token and can be stored in any wallet with ERC20 support, such as MyEtherWallet or MetaMask. One interesting alternative is the KyberSwap Android mobile app that was released in August 2019.
It allows for instant swapping of tokens and has support for over 70 different altcoins. It also allows users to set price alerts and limit orders and works as a full-featured Ethereum wallet.

2.6 KYBER KATALYST UPGRADE

Kyber has announced their intention to become the de facto liquidity layer for the Decentralized Finance space, aiming to have Kyber as the single on-chain endpoint used by the majority of liquidity providers and dApp developers. In order to achieve this goal the Kyber Network team is looking to create an open ecosystem that garners trust from the decentralized finance space. They believe this is the path that will lead the majority of projects, developers, and users to choose Kyber for liquidity needs. With that in mind they have recently announced the launch of a protocol upgrade to Kyber which is being called Katalyst.
The Katalyst upgrade will create a stronger ecosystem by creating strong alignments towards a common goal, while also strengthening the incentives for stakeholders to participate in the ecosystem.
The primary beneficiaries of the Katalyst upgrade will be the three major Kyber stakeholders: 1. Reserve managers who provide network liquidity; 2. dApps that connect takers to Kyber; 3. KNC holders.
These stakeholders can expect to see benefits as highlighted below: Reserve Managers will see two new benefits to providing liquidity for the network. The first of these benefits will be incentives for providing reserves. Once Katalyst is implemented part of the fees collected will go to the reserve managers as an incentive for providing liquidity.
This mechanism is similar to rebates in traditional finance, and is expected to drive the creation of additional reserves and market making, which in turn will lead to greater liquidity and platform reach.
Katalyst will also do away with the need for reserve managers to maintain a KNC balance for use as network fees. Instead fees will be automatically collected and used as incentives or burned as appropriate. This should remove a great deal of friction for reserves to connect with Kyber without affecting the competitive exchange rates that takers in the system enjoy. dApp Integrators will now be able to set their own spread, which will give them full control over their own business model. This means the current fee sharing program that shares 30% of the 0.25% fee with dApp developers will go away and developers will determine their own spread. It’s believed this will increase dApp development within Kyber as developers will now be in control of fees.
KNC Holders, often thought of as the core of the Kyber Network, will be able to take advantage of a new staking mechanism that will allow them to receive a portion of network fees by staking their KNC and participating in the KyberDAO.

2.7 COMING KYBERDAO

With the implementation of the Katalyst protocol the KNC holders will be put right at the heart of Kyber. Holders of KNC tokens will now have a critical role to play in determining the future economic flow of the network, including its incentive systems.
The primary way this will be achieved is through KyberDAO, a way in which on-chain and off-chain governance will align to streamline cooperation between the Kyber team, KNC holders, and market participants.
The Kyber Network team has identified 3 key areas of consideration for the KyberDAO: 1. Broad representation, transparent governance and network stability 2. Strong incentives for KNC holders to maintain their stake and be highly involved in governance 3. Maximizing participation with a wide range of options for voting delegation
Interaction between KNC Holders & Kyber
This means KNC holders have been empowered to determine the network fee and how to allocate the fees to ensure maximum network growth. KNC holders will now have three fee allocation options to vote on: - Voting Rewards: Immediate value creation. Holders who stake and participate in the KyberDAO get their share of the fees designated for rewards. - Burning: Long term value accrual. The decreasing supply of KNC will improve the token appreciation over time and benefit those who did not participate. - Reserve Incentives:Value creation via network growth. By rewarding Kyber reserve managers based on their performance, it helps to drive greater volume, value, and network fees.

2.8 TRANSPARENCY AND STABILITY

The design of the KyberDAO is meant to allow for the greatest network stability, as well as maximum transparency and the ability to quickly recover in emergency situations. Initally the Kyber team will remain as maintainers of the KyberDAO. The system is being developed to be as verifiable as possible, while still maintaining maximum transparency regarding the role of the maintainer in the DAO.
Part of this transparency means that all data and processes are stored on-chain if feasible. Voting regarding network fees and allocations will be done on-chain and will be immutable. In situations where on-chain storage or execution is not feasible there will be a set of off-chain governance processes developed to ensure all decisions are followed through on.

2.9 KNC STAKING AND DELEGATION

Staking will be a new addition and both staking and voting will be done in fixed periods of times called “epochs”. These epochs will be measured in Ethereum block times, and each KyberDAO epoch will last roughly 2 weeks.
This is a relatively rapid epoch and it is beneficial in that it gives more rapid DAO conclusion and decision-making, while also conferring faster reward distribution. On the downside it means there needs to be a new voting campaign every two weeks, which requires more frequent participation from KNC stakeholders, as well as more work from the Kyber team.
Delegation will be part of the protocol, allowing stakers to delegate their voting rights to third-party pools or other entities. The pools receiving the delegation rights will be free to determine their own fee structure and voting decisions. Because the pools will share in rewards, and because their voting decisions will be clearly visible on-chain, it is expected that they will continue to work to the benefit of the network.

3. TRADING

After the September 2017 ICO, KNC settled into a trading price that hovered around $1.00 (decreasing in BTC value) until December. The token has followed the trend of most other altcoins — rising in price through December and sharply declining toward the beginning of January 2018.
The KNC price fell throughout all of 2018 with one exception during April. From April 6th to April 28th, the price rose over 200 percent. This run-up coincided with a blog post outlining plans to bring Bitcoin to the Ethereum blockchain. Since then, however, the price has steadily fallen, currently resting on what looks like a $0.15 (~0.000045 BTC) floor.
With the number of partners using the Kyber Network, the price may rise as they begin to fully use the network. The development team has consistently hit the milestones they’ve set out to achieve, so make note of any release announcements on the horizon.

4. COMPETITION

The 0x project is the biggest competitor to Kyber Network. Both teams are attempting to enter the decentralized exchange market. The primary difference between the two is that Kyber performs the entire exchange process on-chain while 0x keeps the order book and matching off-chain.
As a crypto swap exchange, the platform also competes with ShapeShift and Changelly.

5.KYBER MILESTONES

• June 2020: Digifox, an all-in-one finance application by popular crypto trader and Youtuber Nicholas Merten a.k.a DataDash (340K subs), integrated Kyber to enable users to easily swap between cryptocurrencies without having to leave the application. • June 2020: Stake Capital partnered with Kyber to provide convenient KNC staking and delegation services, and also took a KNC position to participate in governance. • June 2020: Outlined the benefits of the Fed Price Reserve (FPR) for professional market makers and advanced developers. • May 2020: Kyber crossed US$1 Billion in total trading volume and 1 Million transactions, performed entirely on-chain on Ethereum. • May 2020: StakeWith.Us partnered Kyber Network as a KyberDAO Pool Master. • May 2020: 2Key, a popular blockchain referral solution using smart links, integrated Kyber’s on-chain liquidity protocol for seamless token swaps • May 2020: Blockchain game League of Kingdoms integrated Kyber to accept Token Payments for Land NFTs. • May 2020: Joined the Zcash Developer Alliance , an invite-only working group to advance Zcash development and interoperability. • May 2020: Joined the Chicago DeFi Alliance to help accelerate on-chain market making for professionals and developers. • March 2020: Set a new record of USD $33.7M in 24H fully on-chain trading volume, and $190M in 30 day on-chain trading volume. • March 2020: Integrated by Rarible, Bullionix, and Unstoppable Domains, with the KyberWidget deployed on IPFS, which allows anyone to swap tokens through Kyber without being blocked. • February 2020: Popular Ethereum blockchain game Axie Infinity integrated Kyber to accept ERC20 payments for NFT game items. • February 2020: Kyber’s protocol was integrated by Gelato Finance, Idle Finance, rTrees, Sablier, and 0x API for their liquidity needs. • January 2020: Kyber Network was found to be the most used protocol in the whole decentralized finance (DeFi) space in 2019, according to a DeFi research report by Binance. • December 2019: Switcheo integrated Kyber’s protocol for enhanced liquidity on their own DEX. • December 2019: DeFi Wallet Eidoo integrated Kyber for seamless in-wallet token swaps. • December 2019: Announced the development of the Katalyst Protocol Upgrade and new KNC token model. • July 2019: Developed the Waterloo Bridge , a Decentralized Practical Cross-chain Bridge between EOS and Ethereum, successfully demonstrating a token swap between Ethereum to EOS. • July 2019: Trust Wallet, the official Binance wallet, integrated Kyber as part of its decentralized token exchange service, allowing even more seamless in-wallet token swaps for thousands of users around the world. • May 2019: HTC, the large consumer electronics company with more than 20 years of innovation, integrated Kyber into its Zion Vault Wallet on EXODUS 1 , the first native web 3.0 blockchain phone, allowing users to easily swap between cryptocurrencies in a decentralized manner without leaving the wallet. • January 2019: Introduced the Automated Price Reserve (APR) , a capital efficient way for token teams and individuals to market make with low slippage. • January 2019: The popular Enjin Wallet, a default blockchain DApp on the Samsung S10 and S20 mobile phones, integrated Kyber to enable in-wallet token swaps. • October 2018: Kyber was a founding member of the WBTC (Wrapped Bitcoin) Initiative and DAO. • October 2018: Developed the KyberWidget for ERC20 token swaps on any website, with CoinGecko being the first major project to use it on their popular site.

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Why I'm all in on BNB and maybe not crazy

You may remember my post a few weeks back: Yes, You Should Buy Some BNB.
At that time, BNB had just started holding above 0.0019-20 BTC, a level it failed to hold three times. The timing was not the primary reason for investing, but it made the decision urgent. The price subsequently rose to roughly 0.0026 BTC and now appears to be settling into a floor around 0.0020-21. They say resistance becomes support, ceilings become floors. Historically for BNB, the downtrend normally ends before hitting the former ceilings. If there was ever a time to of all in, I think now is it… so I did.
Figured this would be a good time to dive a bit deeper on why I’m so ultra bullish on BNB.
Charisma - Binance feels deeply charismatic to me. It’s a word I didn’t think of in investing until this Peter Thiel interview. Binance strikes me as especially charismatic. Investors largely love Binance as a product and as a company. A lot of this charisma comes from the trust people have in Binance. CZ recently spoke about how Binance now has a “2-hour rule” which is where they update the community every two hours. You may not have known about this exact rule, but you probably have felt it and you certainly have read CZ now-famous “funds are safe.” This expression is so pervasive that you see people racing to comment with it. Bizonaci made this masterpiece which introduced the spelling “safu,” or as CZ recently said Binance is the “safust.” I mean shit, look how calm things were with BNB after after an unexpected SYStem wide freeze. The market stayed calm and BNB is the largest exchange… Let me repeat, Binance—the world’s largest exchange of trustless assets—had to emergency halt trading and the entire market is NBD… The morning after, Jackson Palmer tweeted this sentiment summary, Sherman Lee posted this beautiful piece in Forbes, and Binance announced S.A.F.U. as an official part of their commitment to protect investors.
Antifragile - Antifragile is a concept Nassim Taleb coined to describe things that get stronger with stress. Binance seems to strengthen with bad news. When China last banned exchanges, Binance up and moved to Malta and the price soared. Now Binance is in three countries/jurisdictions and probably entering more. These emerging crypto hubs are competing for epic tax revenues, especially relative to their size. If the EU were to push Malta for more regulation, I wouldn’t be surprised to see Malta leave the EU. After all, is Malta better off with Binance, EOS, et al or with the EU? The latter may still be true but it’s increasingly less clear cut. This puts it in a position of incredible strength when it comes to negotiation, staying automomous, and gaining the government cooperation to build financial bridges across the world. In short, I see Binance as having a real shot as delivering on it’s mission of financial freedom. Exchange the world.
Adoption - BNB is rapidly gaining adoption. In the past few months, we’ve seen small exchanges list BNB. In the last week, this pace has increased dramatically as Bitmex and Metamask have joined the BNB party. YouTubers and the Twitter sphere seem to be talking about BNB more frequently. The $1B impact fund is to be denominated in BNB and a team member noted in the recent Binance Labs AMA that partners will be able to accept payments in BNB. New coins have already been paying Binance humungo checks to gain access to Binance’s user base; if Binance pulls of Binance Chain DEX (powered by BNB), they’re going to compete at the ERC20 level for the ICO market, at least to some extent. It’s still unclear what Binance Chain will look like, but the support volume is definitely more compelling than other DEXes would be launching with. ICOs numbers are holding strong and Binance continues to be the most attractive place to list. Moreover, with the recent investment ChiliZ, founded by Alexander Dreyfus (founder of e-gaming companies), Binance has demonstrated an interest in the broader speculation market, which basically is crypto right now… and Binance hasn’t even introduced options/futures…
Team - The Binance team seems truly world class to me. A good chunk of my last post was about the team (and CZ’s fly-af shorts), but one thing I did not say last time was the value of CZ’s cult-leadership. Don’t get me wrong, I consider this a double edged sword much like ETH and nearly every coin but BTC has. But on the positive edge, this gives Binance an incredible edge when it comes to execution, recruiting, and a ultimately achieving their vision. You can feel the team support for CZ; you can see it in this video and in Binance’s recent staff re-tweet. I also think not enough of my last post was about the community manager(s) who I feel are killing it compared to other subreddit mods.
Market - IMO the market will mostly bounce around/move sideways for some time and Binance will make money either way. There may be big moves up but I expect them to be met with significant resistance. Technical analysis is a major driver of price action in crypto specifically because most coins/token have no underlying value (i.e. it is largely emotional responses). As such, alts will continue to have trading value even if they lose a lot of expectation-based value. After all, look how many alts recently went up 20-30%. Get rich quick sentiment has not dried up nearly to the degree some people say. Maybe I’m following the wrong people, but I haven’t seen anyone talk about Bitcoin being “dead”—only people talking about people talking about it being dead. Do you really think Tron and IOTA will die any day now? No, you don’t. The FOMO and FUD are real and the firepowereserve capital many alts have is massive. If a mostly sideways market plays out, then profit chasing will increasingly turn to algo trading, which Binance is well positioned for. In a recent interview, CZ mentioned Binance is planning to expand it’s capacity by 100-1,000x to prepare for a massive increase in usage, and he said it before the algo traders temporarily broke Binance’s API… Okay, but let’s say it’s not like this, let’s say there’s a major breakdown in alts much sooner (maybe everyone realizes Lightning makes a XRP useless). In this case, I expect Convert-to-BNB to do quite well given how many alts are on Binance (especially those who paid to show up because they were so shitty they couldn’t get the crowd to vote for them). Moreover, if you’re losing your life savings and BNB continues to grow, many investors are going to try to an dig themselves out of a hole by selling for BNB. Either way, BNB probably has a bright future.
Q3 - Right now, BNB is performing poorly because of the sell the news paradigm crypto seems to operate under. But at about this time last quarter BNB was at peak BTC and ETH value. Compared to last quarter, we’re two weeks ahead, which would make this bottom somewhere between yesterday and next weekend. The growth during the last quarter was also sharper than this quarter, suggesting less to fall, and I suspect the hype train is going to be larger this cycle as rumors of the DEX become more imminent. There’s also extra worry this quarter because the market assumes Binance’s profit will be lower and the second year discount will be lowered (50% BNB discount —> 25% off with BNB discount). I sense that these fears are already priced in. For starters, Binance hasn’t shot up directly after the great quarterly news; why would it shoot down on bad news, especially if it is expected? Regarding the discount, 25% is still better than 0% off, so people should keep using it (especially if the BNB they’re holding is appreciating), and for the next year, Binance should be making 50% more profit (before they made 0.05%, now they will make 0.075% profit). I believe the sentiment on this concern is oversold when the math appears way better to me.
Concerns - With all this in mind, I do still have a few concerns. For instance, what do Binance founders/team plan to do with their 100M coins as the BNB supply approaches 100M supply? Will they sell a-la Charlie Lee or will their sell-off be more pre-meditated a la Ripple’s 55mo escrow release? In theory as the price of BNB rises, it will take longer for the supply to get to 100M so this question could be a ways off, but I still would prefer clarity over this (even if it relies on trust). There’s some sentiment concern that the 1/5 vesting coming up will cause a large sell off. I assume inside folk see world-dominating growth ahead given the recent all-star Binance Labs hires, but still would be nice to understand this risk better. Finally, perhaps my largest concern is will Binance have an EOS moment with the freezing functionality laid out in the DEX competition requirements? I can certainly envision a decentralized use and Binance has demonstrated doing the right thing when they take emergency action, but I want to share the concern nevertheless.
Deflationary - One concern I do not have with with BNB but recognize others do is about the utility of BNB after the discount goes to 0. Binance says BNB will be used as gas in the eventual Binance Chain DEX. This gives it utility, and unlike other blockchains, Binance already has usage demand. So, if you think any altcoin has value, then BNB—at the DEX stage and without a discount—has value. Beyond dominating trading utility (a huge industry use case), BNB has a decent store of value argument (the other huge industry use case). Unlike most coins/token have unreleased supply for inflation, fees, etc., BNB supply is already fully diluted. While BTC expands its supply for some time to come, BNB will be lowering its supply through the burn. Sure, people lose BTC which is a deflationary force, but I suspect this will become less common as wallet tech improves and the industry matures. To be clear, I don’t think BNB and BTC are otherwise comparable and I don’t think BNB (or any coin/token) will replace BTC. But, BTC has demonstrated that investors want stores of value, so whether your thesis is high usage will appreciate or store of value will appreciate, BNB checks both boxes.
submitted by ohitsthatguygreat to BinanceExchange [link] [comments]

Decred Journal — June 2018

Note: You can read this on GitHub, Medium or old Reddit to see the 207 links.

Development

The biggest announcement of the month was the new kind of decentralized exchange proposed by @jy-p of Company 0. The Community Discussions section considers the stakeholders' response.
dcrd: Peer management and connectivity improvements. Some work for improved sighash algo. A new optimization that gives 3-4x faster serving of headers, which is great for SPV. This was another step towards multipeer parallel downloads – check this issue for a clear overview of progress and planned work for next months (and some engineering delight). As usual, codebase cleanup, improvements to error handling, test infrastructure and test coverage.
Decrediton: work towards watching only wallets, lots of bugfixes and visual design improvements. Preliminary work to integrate SPV has begun.
Politeia is live on testnet! Useful links: announcement, introduction, command line voting example, example proposal with some votes, mini-guide how to compose a proposal.
Trezor: Decred appeared in the firmware update and on Trezor website, currently for testnet only. Next steps are mainnet support and integration in wallets. For the progress of Decrediton support you can track this meta issue.
dcrdata: Continued work on Insight API support, see this meta issue for progress overview. It is important for integrations due to its popularity. Ongoing work to add charts. A big database change to improve sorting on the Address page was merged and bumped version to 3.0. Work to visualize agenda voting continues.
Ticket splitting: 11-way ticket split from last month has voted (transaction).
Ethereum support in atomicswap is progressing and welcomes more eyeballs.
decred.org: revamped Press page with dozens of added articles, and a shiny new Roadmap page.
decredinfo.com: a new Decred dashboard by lte13. Reddit announcement here.
Dev activity stats for June: 245 active PRs, 184 master commits, 25,973 added and 13,575 deleted lines spread across 8 repositories. Contributions came from 2 to 10 developers per repository. (chart)

Network

Hashrate: growth continues, the month started at 15 and ended at 44 PH/s with some wild 30% swings on the way. The peak was 53.9 PH/s.
F2Pool was the leader varying between 36% and 59% hashrate, followed by coinmine.pl holding between 18% and 29%. In response to concerns about its hashrate share, F2Pool made a statement that they will consider measures like rising the fees to prevent growing to 51%.
Staking: 30-day average ticket price is 94.7 DCR (+3.4). The price was steadily rising from 90.7 to 95.8 peaking at 98.1. Locked DCR grew from 3.68 to 3.81 million DCR, the highest value was 3.83 million corresponding to 47.87% of supply (+0.7% from previous peak).
Nodes: there are 240 public listening and 115 normal nodes per dcred.eu. Version distribution: 57% on v1.2.0 (+12%), 25% on v1.1.2 (-13%), 14% on v1.1.0 (-1%). Note: the reported count of non-listening nodes has dropped significantly due to data reset at decred.eu. It will take some time before the crawler collects more data. On top of that, there is no way to exactly count non-listening nodes. To illustrate, an alternative data source, charts.dcr.farm showed 690 reachable nodes on Jul 1.
Extraordinary event: 247361 and 247362 were two nearly full blocks. Normally blocks are 10-20 KiB, but these blocks were 374 KiB (max is 384 KiB).

ASICs

Update from Obelisk: shipping is expected in first half of July and there is non-zero chance to meet hashrate target.
Another Chinese ASIC spotted on the web: Flying Fish D18 with 340 GH/s at 180 W costing 2,200 CNY (~340 USD). (asicok.comtranslated, also on asicminervalue)
dcrASIC team posted a farewell letter. Despite having an awesome 16 nm chip design, they decided to stop the project citing the saturated mining ecosystem and low profitability for their potential customers.

Integrations

bepool.org is a new mining pool spotted on dcred.eu.
Exchange integrations:
Two OTC trading desks are now shown on decred.org exchanges page.
BitPro payment gateway added Decred and posted on Reddit. Notably, it is fully functional without javascript or cookies and does not ask for name or email, among other features.
Guarda Wallet integrated Decred. Currently only in their web wallet, but more may come in future. Notable feature is "DCR purchase with a bank card". See more details in their post or ask their representative on Reddit. Important: do your best to understand the security model before using any wallet software.

Adoption

Merchants:
BlueYard Capital announced investment in Decred and the intent to be long term supporters and to actively participate in the network's governance. In an overview post they stressed core values of the project:
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project).
The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
The company will be hosting an event in Berlin, see Events below.
Arbitrade is now mining Decred.

Events

Attended:
Upcoming:

Media

stakey.club: a new website by @mm:
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)
@morphymore translated Placeholder's Decred Investment Thesis and Richard Red's write-up on Politeia to Chinese, while @DZ translated Decred Roadmap 2018 to Italian and Russian, and A New Kind of DEX to Italian and Russian.
Second iteration of Chinese ratings released. Compared to the first issue, Decred dropped from 26 to 29 while Bitcoin fell from 13 to 17. We (the authors) restrain ourselves commenting on this one.
Videos:
Audio:
Featured articles:
Articles:

Community Discussions

Community stats: Twitter followers 40,209 (+1,091), Reddit subscribers 8,410 (+243), Slack users 5,830 (+172), GitHub 392 stars and 918 forks of dcrd repository.
An update on our communication systems:
Jake Yocom-Piatt did an AMA on CryptoTechnology, a forum for serious crypto tech discussion. Some topics covered were Decred attack cost and resistance, voting policies, smart contracts, SPV security, DAO and DPoS.
A new kind of DEX was the subject of an extensive discussion in #general, #random, #trading channels as well as Reddit. New channel #thedex was created and attracted more than 100 people.
A frequent and fair question is how the DEX would benefit Decred. @lukebp has put it well:
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)
Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)
A chat about Decred fork resistance started on Twitter and continued in #trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred.
"Against community governance" article was discussed on Reddit and #governance.
"The Downside of Democracy (and What it Means for Blockchain Governance)" was another article arguing against on-chain governance, discussed here.
Reddit recap: mining rig shops discussion; how centralized is Politeia; controversial debate on photos of models that yielded useful discussion on our marketing approach; analysis of a drop in number of transactions; concerns regarding project bus factor, removing central authorities, advertising and full node count – received detailed responses; an argument by insette for maximizing aggregate tx fees; coordinating network upgrades; a new "Why Decred?" thread; a question about quantum resistance with a detailed answer and a recap of current status of quantum resistant algorithms.
Chats recap: Programmatic Proof-of-Work (ProgPoW) discussion; possible hashrate of Blake-256 miners is at least ~30% higher than SHA-256d; how Decred is not vulnerable to SPV leaf/node attack.

Markets

DCR opened the month at ~$93, reached monthly high of $110, gradually dropped to the low of $58 and closed at $67. In BTC terms it was 0.0125 -> 0.0150 -> 0.0098 -> 0.0105. The downturn coincided with a global decline across the whole crypto market.
In the middle of the month Decred was noticed to be #1 in onchainfx "% down from ATH" chart and on this chart by @CoinzTrader. Towards the end of the month it dropped to #3.

Relevant External

Obelisk announced Launchpad service. The idea is to work with coin developers to design a custom, ASIC-friendly PoW algorithm together with a first batch of ASICs and distribute them among the community.
Equihash-based ZenCash was hit by a double spend attack that led to a loss of $450,000 by the exchange which was targeted.
Almost one year after collecting funds, Tezos announced a surprise identification procedure to claim tokens (non-javascript version).
A hacker broke into Syscoin's GitHub account and implanted malware stealing passwords and private keys into Windows binaries. This is a painful reminder for everybody to verify binaries after download.
Circle announced new asset listing framework for Poloniex. Relevant to recent discussions of exchange listing bribery:
Please note: we will not accept any kind of payment to list an asset.
Bithumb got hacked with a $30 m loss.
Zcash organized Zcon0, an event in Canada that focused on privacy tech and governance. An interesting insight from Keynote Panel on governance: "There is no such thing as on-chain governance".
Microsoft acquired GitHub. There was some debate about whether it is a reason to look into alternative solutions like GitLab right now. It is always a good idea to have a local copy of Decred source code, just in case.
Status update from @sumiflow on correcting DCR supply on various sites:
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)

About This Issue

This is the third issue of Decred Journal after April and May.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
The new public Matrix logs look promising and we hope to transition from Slack links to Matrix links. In the meantime, the way to read Slack links is explained in the previous issue.
As usual, any feedback is appreciated: please comment on Reddit, GitHub or #writers_room. Contributions are welcome too, anything from initial collection to final review to translations.
Credits (Slack names, alphabetical order): bee and Richard-Red. Special thanks to @Haon for bringing May 2018 issue to medium.
submitted by jet_user to decred [link] [comments]

AMA with Wanchain VP Lini

AMA with Wanchain VP Lini
Original article here: https://medium.com/wanchain-foundation/ama-with-wanchain-vp-lini-58ada078b4fe

“What is unique about us is that we have actually put theory into practice.”
— Lini
https://preview.redd.it/n6lo2xcmtn621.png?width=800&format=png&auto=webp&s=281acce4b45eed8acf0c52b201d01cb6f0d13507
https://preview.redd.it/10aj3ointn621.png?width=800&format=png&auto=webp&s=6a187e8a6eb5ac0445ddc73d5b0f9077f12bce39
Wanchain’s Vice President of Business Development, Lini, sat down with blockchain media organization Neutrino for an AMA covering a wide range of topics concerning Wanchain’s development.
The following is an English translation of the original Chinese AMA which was held on December 13th, 2018:
Neutrino: Could you please first share with us a little basic background, what are the basic concepts behind cross chain technology? What are the core problems which are solved with cross-chain? In your opinion, what is the biggest challenge of implementing cross chain to achieve value transfer between different chains?
Lini: Actually, this question is quite big. Let me break it down into three smaller parts:
  1. First, what is the meaning of “cross-chain”?
https://preview.redd.it/cpui6t7qtn621.png?width=720&format=png&auto=webp&s=86bc39d94b0713949c150598e2397a4f9d3ac491
In China, we like to use the word “cross-chain”, the term “interoperability” is used more frequently in foreign countries. Interoperability is also one of the important technologies identified by Vitalik for the development of a future blockchain ecosystem mentioned in the Ethereum white paper. So cross-chain is basically the concept of interoperability between chains.
  1. The core problem solved by cross chain is that of “multi-ledger” synchronous accounting
https://preview.redd.it/603dl86stn621.png?width=720&format=png&auto=webp&s=425b827298ac919f8cf05909037458a173100cc4
In essence, blockchain is a distributed bookkeeping technique, also known as distributed ledger technology. Tokens are the core units of account on each chain, there currently exist many different chains, each with their own token. Of especial importance is the way in which each ledger uses tokens to interact with each other for the purpose of clearing settlements.
  1. The core purpose of the cross-chain technology is as one of the key infrastructures of the future economy based on digital currencies.
https://preview.redd.it/3d61f26utn621.png?width=720&format=png&auto=webp&s=b735482c9734e1d32176e406adce1718be20583e
Cross chain technology is one of the foundational technological infrastructures that is necessary for the large scale application of blockchain technology.
Neutrino: As we all know, there are many different kinds of cross-chain technologies. Please give us a brief introduction to several popular cross-chain technologies on the market, and the characteristics of each of these technologies。
Lini: Before answering this question, it is very important to share two important concepts with our friends: heterogeneity and homogeneity, and centralization and decentralization.
https://preview.redd.it/n6wbs77wtn621.png?width=720&format=png&auto=webp&s=83fcadd09afb214d2aa5a2a6deb6c24d0d4da671
These two points are especially important for understanding various cross-chain technologies, because there are many different technologies and terminologies, and these are some of the foundational concepts needed for understanding them.
There are also two core challenges which must be overcome to implement cross-chain:
https://preview.redd.it/84wqd28ytn621.png?width=720&format=png&auto=webp&s=dafe1cd2993f853547b532421404e6ab86e185f1
Combining the above two points, we look at the exploration of some solutions in the industry and the design concepts of other cross-chain projects.
First I’d like to discuss the Relay solution.
https://preview.redd.it/qgcqiwlztn621.png?width=720&format=png&auto=webp&s=0925d4221c9e92e365e150638c645bef8c609b3f
However the Relay solution must consume a relatively large amount of gas to read the BTC header. Another downside is that, as we all know, Bitcoin’s blocks are relatively slow, so the time to wait for verification will be long, it usually takes about 10 minutes to wait for one block to confirm, and the best practice is to wait for 6 blocks.
The next concept is the idea of Sidechains.
https://preview.redd.it/9cg79bl1un621.png?width=720&format=png&auto=webp&s=1260e14213b1757eadc4b6141a365ed3b0e20316
This solution is good, but not all chains contain SPV, a simple verification method. Therefore, there are certain drawbacks. Of course, this two way peg way solves challenge beta very well, that is, the atomicity of the transaction.
These two technical concepts have already been incorporated into a number of existing cross chain projects. Let’s take a look at two of the most influential of these.
The first is Polkadot.
https://preview.redd.it/1o3xwz93un621.png?width=720&format=png&auto=webp&s=249909a33b5420050a6010b961a944285fc94926
This is just a summary based on Polkadot’s whitepaper and most recent developments. The theoretical design is very good and can solve challenges alpha and beta. Last week, Neutrino organized a meetup with Polkadot, which we attended. In his talk, Gavin’s focus was on governance, he didn’t get into too much technical detail, but Gavin shared some very interesting ideas about chain governance mechanisms! The specific technical details of Polkadot may have to wait until after their main net is online before it can be analyzed.
Next is Cosmos.
https://preview.redd.it/5gtjf6x4un621.png?width=720&format=png&auto=webp&s=94d6408ff65dc7041316f0130867888e108848b2
Cosmos is a star project who’s basic concept is similar to Polkadot. Cosmos’s approach is based on using a central hub. Both projects both take into account the issue of heterogeneous cross-chain transactions, and both have also taken into account how to solve challenges alpha and beta.
To sum up, each research and project team has done a lot of exploration on the best methods for implementing cross-chain technology, but many are still in the theoretical design stage. Unfortunately, since the main net has not launched yet, it is not possible to have a more detailed understanding of each project’s implementation. A blockchain’s development can be divided into two parts: theoretical design, and engineering implementation. Therefore, we can only wait until after the launch of each project’s main network, and then analyze it in more detail.
Neutrino: As mentioned in the white paper, Wanchain is a general ledger based on Ethereum, with the goal of building a distributed digital asset financial infrastructure. There are a few questions related to this. How do you solve Ethereum’s scaling problem? How does it compare with Ripple, which is aiming to be the standard trading protocol that is common to all major banks around the world? As a basic potential fundamental financial infrastructure, what makes Wanchain stand out?
Lini: This question is actually composed of two small questions. Let me answer the first one first.
  1. Considerations about TPS.
First of all, Wanchain is not developed on Ethereum. Instead, it draws on some of Ethereum’s code and excellent smart contracts and virtual machine EVM and other mature technical solutions to build the mainnet of Wanchain.
The TPS of Ethereum is not high at this stage, which is limited by various factors such as the POW consensus mechanism. However, this point also in part is due to the characteristics of Ethereum’s very distributed and decentralized features. Therefore, in order to improve TPS, Wanchain stated in its whitepaper that it will launch its own POS consensus, thus partially solving the performance issues related to TPS. Wanchain’s POS is completely different from the POS mechanism of Ethereum 2.0 Casper.
Of course, at the same time, we are also paying close attention to many good proposals from the Ethereum community, such as sharding, state channels, side chains, and the Raiden network. Since blockchain exists in the world of open source, we can of course learn from other technological breakthroughs and use our own POS to further improve TPS. If we have some time at the end, I’d love to share some points about Wanchain’s POS mechanism.
  1. Concerning, Ripple, it is completely different from what Wanchain hopes to do.
Ripple is focused on exchanges between different fiat pairs, the sharing of data between banks and financial institutions, as a clearing and settlement system, and also for the application of DLT, for example the Notary agent mechanism.
Wanchain is focused on different use cases, it is to act as a bridge between different tokens and tokens, and between assets and tokens. For various cross-chain applications it is necessary to consume WAN as a gas fee to pay out to nodes.
So it seems that the purpose Ripple and Wanchain serve are quite different. Of course, there are notary witnesses in the cross-chain mechanism, that is, everyone must trust the middleman. Ripple mainly serves financial clients, banks, so essentially everyone’s trust is already there.
Neutrino: We see that Wanchain uses a multi-party computing and threshold key sharing scheme for joint anchoring, and achieves “minimum cost” for integration through cross-chain communication protocols without changing the original chain mechanism. What are the technical characteristics of multi-party computing and threshold key sharing? How do other chains access Wanchain, what is the cross-chain communication protocol here? What is the cost of “minimum cost?
Lini: The answer to this question is more technical, involving a lot of cryptography, I will try to explain it in a simple way.
  1. About sMPC -
It stands for secure multi-party computation. I will explain it using an example proposed by the scholar Andrew Yao, the only Turing Award winner in China. The scenario called Yao’s Millionaire Problem. How can two millionaires know who is wealthier without revealing the details of their wealth to each other or a trusted third party? I’m not going to explain the answer in detail here, but those who are interested can do a web search to learn more.
In sMPC multiple parties each holding their own piece of private data jointly perform a calculation (for example, calculating a maximum value) and obtain a calculation result. However, in the process, each party involved does not leak any of their respective data. Essentially sMPC calculation can allow for designing a protocol without relying on any trusted third parties, since no individual ever has access to the complete private information.
Secure multiparty computing can be abstractly understood as two parties who each have their own private data, and can calculate the results of a public function without leaking their private data. When the entire calculation is completed, only the calculation results are revealed to both parties, and neither of them knows the data of the other party and the intermediate data of the calculation process. The protocol used for secure multiparty computing is homomorphic encryption + secret sharing + OT (+ commitment scheme + zero knowledge proofs, etc.)
Wanchain’s 21 cross chain Storeman nodes use sMPC to participate in the verification of a transaction without obtaining of a user’s complete private key. Simply put, the user’s private key will have 21 pieces given to 21 anonymous people who each can only get 1/21 part, and can’t complete the whole key.
  1. Shamir’s secret sharing
There are often plots in a movie where a top secret document needs to be handed over to, let’s say five secret agents. In order to protect against the chance of an agent from being arrested or betraying the rest, the five agents each hold only part of a secret key which will reveal the contents of the documents. But there is also a hidden danger: if one the agents are really caught, how can the rest of the agents access the information in the documents? At this point, you may wonder if there is any way for the agents to still recover the original text with only a portion of the keys? In other words, is there any method that allows a majority of the five people to be present to unlock the top secret documents? In this case, the enemy must be able to manipulate more than half of the agents to know the information in the secret documents.
Wanchain uses the threshold M<=N; N=21; M=16. That is to say, at least 16 Storeman nodes must participate in multi-party calculation to confirm a transaction. Not all 21 Storeman nodes are required to participate. This is a solution to the security problem of managing private keys.
Cross-chain communication protocols refers to the different communication methods used by different chains. This is because heterogeneous cross-chain methods can’t change the mechanism of the original chains. Nakamoto and Vitalik will not modify their main chains because they need BTC and ETH interoperability. Therefore, project teams that can only do cross-chain agreements to create different protocols for each chain to “talk”, or communicate. So the essence of a cross-chain protocol is not a single standard, but a multiple sets of standards. But there is still a shared sMPC and threshold design with the Storeman nodes.
The minimum cost is quite low, as can be shown with Wanchain 3.0’s cross chain implementation. In fact it requires just two smart contracts, one each on Ethereum and Wanchain to connect the two chains. To connect with Bitcoin all that is needed is to write a Bitcoin script. Our implementation guarantees both security and decentralization, while at the same time remaining simple and consuming less computation. The specific Ethereum contract and Bitcoin scripts online can be checked out by anyone interested in learning more.
Neutrino: What kind of consensus mechanism is currently used by Wanchain? In addition, what is the consensus and incentive mechanism for cross-chain transactions, and what is the purpose of doing so? And Wanchain will support cross-chain transactions (such as BTC, ETH) on mainstream public chains, asset cross-chain transactions between the alliance chains, and cross-chain transactions between the public and alliance chains, how can you achieve asset cross-chain security and privacy?
Lini: It is now PPOW (Permissioned Proof of Work), in order to ensure the reliability of the nodes before the cross-chain protocol design is completed, and to prepare to switch to POS (as according to the Whitepaper roadmap). The cross-chain consensus has been mentioned above, with the participation of a small consensus (at least 16 nodes) in a set of 21 Storeman nodes through sMPC and threshold secret sharing.
In addition, the incentive is achieved through two aspects: 1) 100% of the cross chain transaction fee is used to reward the Storeman node; 2) Wanchain has set aside a portion of their total token reserve as an incentive mechanism for encouraging Storeman nodes in case of small cross-chain transaction volume in the beginning.
It can be revealed that Storeman participation is opening gradually and will become completely distributed and decentralized in batches. The first phase of the Storeman node participation and rewards program is to be launched at the end of 2018. It is expected that the selection of participants will be completed within one quarter. Please pay attention to our official announcements this month.
In addition, for public chains, consortium chains, and private chains, asset transfer will also follow the cross-chain mechanism mentioned above, and generally follow the sMPC and threshold integration technology to ensure cross-chain security.
When it comes to privacy, this topic will be bigger. Going back to the Wanchain Whitepaper, we have provided privacy protection on Wanchain mainnet. Simply put, the principle is using ring signatures. The basic idea is that it mixes the original address with many other addresses to ensure privacy. We also use one-time address. In this mechanism a stamp system is used that generates a one-time address from a common address. This has been implemented since our 2.0 release.
But now only the privacy protection of native WAN transactions can be provided. The protection of cross-chain privacy and user experience will also be one of the important tasks for us in 2019.
Neutrino: At present, Wanchain uses Storeman as a cross-chain trading node. Can you introduce the Storeman mechanism and how to protect these nodes?
Lini: Let me one problem from two aspects.
  1. As I introduced before in my explanation of sMPC, the Storeman node never holds the user’s private key, but only calculates the transaction in an anonymous and secure state, and the technology prevents the Storeman nodes from colluding.
  2. Even after technical guarantees, we also designed a “double protection” against the risk from an economic point of view, that is, each node participating as a Storeman needs to pledge WAN in the contract as a “stake”. The pledge of WAN will be greater than the amount of any single transaction as a guarantee against loss of funds.
If the node is malicious (even if it is a probability of one in a billion), the community will be compensated for the loss caused by the malicious node by confiscation of the staked WAN. This is like the POS mechanism used by ETH, using staking to prevent bad behavior is a common principle.
Neutrino: On December 12th, the mainnet of Wanchain 3.0 was launched. Wanchain 3.0 opened cross-chain transactions between Bitcoin, Ethereum and ERC20 (such as MakerDao’s stable currency DAI and MKR). What does this version mean for you and the industry? This upgrade of cross-chain with Bitcoin is the biggest bright spot. So, if now you are able to use Wanchain to make transactions between what is the difference between tokens, then what is the difference between a cross chain platform like Wanchain and cryptocurrency exchanges?
Lini: The release of 3.0 is the industry’s first major network which has crossed ETH and BTC, and it has been very stable so far. As mentioned above, many cross-chain, password-protected theoretical designs are very distinctive, but for engineering implementation, the whether or not it can can be achieved is a big question mark. Therefore, this time Wanchain is the first network launched in the world to achieve this. Users are welcome to test and attack. This also means that Wanchain has connected the two most difficult and most challenging public networks. We are confident we will soon be connecting other well-known public chains.
At the same time of the release of 3.0, we also introduced cross chain integration with other ERC20 tokens in the 2.X version, such as MakerDao’s DAI, MKR, LRC, etc., which also means that more tokens of excellent projects on Ethereum will also gradually be integrated with Wanchain.
Some people will be curious, since Wanchain has crossed so many well-known public chains/projects; how is it different with crypto exchanges? In fact, it is very simple, one centralized; one distributed. Back to the white paper of Nakamoto, is not decentralization the original intention of blockchain? So what Wanchain has to do is essentially to solve the bottom layer of the blockchain, one of the core technical difficulties.
Anyone trying to create a DEX (decentralized exchange); digital lending and other application scenarios can base their application on Wanchain. There is a Wanchain based DEX prototype made by our community members Jeremiah and Harry, which quite amazing. Take a look at this video below.
https://www.youtube.com/watch?v=codcqb66G6Q
Neutrino: What are the specific application use cases after the launch of Wanchain 3.0? Most are still exploring small-scale projects. According to your experience, what are the killer blockchain applications of the future? What problems need to be solved during this period? How many years does it take?
Lini:
  1. Wanchain is just a technology platform rather than positioning itself as an application provider; that is, Wanchain will continue to support the community, and the projects which use cross-chain technology to promote a wide range of use cases for Wanchain.
  2. Cross-chain applications that we anticipate include things like: decentralized exchanges, digital lending, cross chain games, social networking dAPPs, gambling, etc. We also expect to see applications using non fungible tokens, for example exchange of real assets, STOs, etc.
  3. We recently proposed the WanDAPP solution. Simply speaking, a game developer for example has been developing on Ethereum, and ERC20 tokens have been issued, but they hope to expand the player base of their games to attract more people. To participate and make full use of their DAPP, you can consider using the WanDAPP solution to deploy the game DAPP on other common platforms, such as EOS, TRON, etc., but you don’t have to issue new tokens on these chains or use the previous ERC20 tokens. In this way the potential user population of the game can be increased greatly without issuing more tokens on a new chain, improving the real value of the original token. This is accomplished completely using the cross-chain mechanism of Wanchain.
  4. For large-scale applications, the infrastructure of the blockchain is not yet complete, there are issues which must first be dealt with such as TPS, sharding, sidechains, state channels, etc. These all must be solved for the large-scale application of blockchain applications. I don’t dare to guess when it will be completed, it depends on the progress of various different technical projects. In short, industry practitioners and enthusiasts need a little faith and patience.
Neutrino community member Block Venture Capital Spring: Will Wanchain be developing any more cross chain products aimed at general users? For example will the wallet be developed to make automatic cross chain transfers with other public chains? Another issue the community is concerned about is the currency issuance. Currently there are more than 100 million WAN circulating, what about the rest, when will it be released?
Lini: As a cross-chain public chain, we are not biased towards professional developers or ordinary developers, and they are all the same. As mentioned above, we provide a platform as infrastructure, and everyone is free to develop applications on us.
For example, if it is a decentralized exchange, it must be for ordinary users to trade on; if it is some kind of financial derivatives product, it is more likely to be used by finance professionals. As for cross-chain wallets which automatically exchange, I’m not sure if you are talking about distributed exchanges, the wallet will not be “automatic” at first, but you can “automatically” redeem other tokens.
Finally, the remaining WAN tokens are strictly in accordance with the plan laid out in the whitepaper. For example, the POS node reward mentioned above will give 10% of the total amount for reward. At the same time, for the community, there are also rewards for the bounty program. The prototype of the DEX that I just saw is a masterpiece of the overseas community developers, and also received tokens from our incentive program.
Neutrino community member’s question: There are many projects in the market to solve cross-chain problems, such as: Cosmos, Polkadot, what are Wanchain’s advantages and innovations relative to these projects?
Lini: As I mentioned earlier, Cosmos and pPolkadot all proposed very good solutions in theory. Compared with Wanchain, I don’t think that we have created anything particularly unique in our theory. The theoretical basis for our work is cryptography, which is derived from the academic foundation of scholars such as Yao Zhizhi and Silvio Micali. Our main strong point is that we have taken theory and put it into practice..
Actually, the reason why people often question whether a blockchain project can be realized or not is because the whitepapers are often too ambitious. Then when they actually start developing there are constant delays and setbacks. So for us, we focus on completing our very solid and realizable engineering goals. As for other projects, we hope to continue to learn from each other in this space.
Neutrino community member Amos from Huobi Research Institute question: How did you come to decide on 21 storeman nodes?
Lini: As for the nodes we won’t make choices based on quantity alone. The S in the POS actually also includes the time the tokens are staked, so that even if a user is staking less tokens, the amount of time they stake them for will also be used to calculate the award, so that is more fair. We designed the ULS (Unique Leader Selection) algorithm in order to reduce the reliance on the assumption of corruption delay (Cardano’s POS theory). which is used for ensuring fairness to ensure that all participants in the system can have a share of the reward, not only few large token holders.
Wu Di, a member of the Neutrino community: Many big exchanges have already begun to deploy decentralized exchanges. For example, Binance, and it seems that the progress is very fast. Will we be working with these influential exchanges in the future? We we have the opportunity to cooperate with them and broaden our own influence?
Lini: I also have seen some other exchange’s DEX. Going back the original point, distributed cross-chain nodes and centralized ones are completely different. I’m guessing that most exchanges use a centralized cross-chain solution, so it may not be the same as the 21 member Storeman group of Wanchain, but I think that most exchanges will likely be using their own token and exchange system. This is my personal understanding. But then, if you are developing cross chain technology, you will cooperate with many exchanges that want to do a DEX. Not only Binance, but also Huobi, Bithumb, Coinbase… And if there is anyone else who would like to cooperate we welcome them!
Neutrino community member AnneJiang from Maker: Dai as the first stable chain of Wanchain will open a direct trading channel between Dai and BTC. In relation to the Dai integration, has any new progress has been made on Wanchain so far?
Lini: DAI’s stable currency has already been integrated on Wanchain. I just saw it yesterday, let me give you a picture. It’s on the current 3.0 browser, https://www.wanscan.org/, you can take a look at it yourself.
This means that users with DAI are now free to trade for BTC, or ETH or some erc20 tokens. There is also a link to the Chainlink, and LRC is Loopring, so basically there are quite a few excellent project tokens. You may use the Wanchain to trade yourself, but since the DEX is not currently open, currently you can only trade with friends you know.
https://preview.redd.it/jme5s99bun621.png?width=800&format=png&auto=webp&s=7ba3d430ba3e7ddcab4dbcdedc05d596d832f5a7

About Neutrino

Neutrino is a distributed, innovative collaborative community of blockchains. At present, we have established physical collaboration spaces in Tokyo, Singapore, Beijing, Shanghai and other places, and have plans to expand into important blockchain innovation cities such as Seoul, Thailand, New York and London. Through global community resources and partnerships, Neutrino organizes a wide range of online an offline events, seminars, etc. around the world to help developers in different regions better communicate and share their experiences and knowledge.

About Wanchain

Wanchain is a blockchain platform that enables decentralized transfer of value between blockchains. The Wanchain infrastructure enables the creation of distributed financial applications for individuals and organizations. Wanchain currently enables cross-chain transactions with Ethereum, and today’s product launch will enable the same functionalities with Bitcoin. Going forward, we will continue to bridge blockchains and bring cross-chain finance functionality to companies in the industry. Wanchain has employees globally with offices in Beijing (China), Austin (USA), and London (UK).
You can find more information about Wanchain on our website. Additionally, you can reach us through Telegram, Discord, Medium, Twitter, and Reddit. You can also sign up for our monthly email newsletter here.
https://preview.redd.it/w7ezx27dun621.png?width=720&format=png&auto=webp&s=6ef7a651a2d480658f60d213e1431ba636bfbd8c
submitted by maciej_wan to wanchain [link] [comments]

Subreddit Stats: Vechain top posts from 2017-10-03 to 2018-06-07 13:04 PDT

Period: 246.88 days
Submissions Comments
Total 1000 57786
Rate (per day) 4.05 234.57
Unique Redditors 494 7401
Combined Score 168399 303270

Top Submitters' Top Submissions

  1. 19060 points, 61 submissions: noah_vechain
    1. VeChain passes the first ever Cryptocurrency Disaster Recovery Plan from PwC (1145 points, 132 comments)
    2. VeChain Signs A Partnership Agreement With Yida Group’s IT Management division, Yida Future (853 points, 174 comments)
    3. VeChain partners with Australian based 188 Business Alliance Association (792 points, 119 comments)
    4. VeChain’s First Official Public Infrastructural Decentralized Application — VeVID (695 points, 121 comments)
    5. VeChain partners with iTaotaoke to bring intellectual property protection to content creators. (613 points, 121 comments)
    6. VeChain Signs a Partnership with Bright Foods and its IT/Tech subsidiary Shanghai Xiandao Food to integrate blockchain technology into Bright Foods (Group) Co.'s internal management systems (605 points, 170 comments)
    7. VeChain pledges 50M VET to create the X Series Node Program (571 points, 561 comments)
    8. VeChain adding publication industry capability and partners with Hubei Sanxin Cultural Media Ltd. (503 points, 60 comments)
    9. An open letter from Sunny Lu (CEO) on VeChainThor Platform (488 points, 126 comments)
    10. Introducing the VeChain Multi-Party Payment Protocol (477 points, 184 comments)
  2. 5499 points, 22 submissions: GreatWhiteSharkCIA
    1. VeChain Reddit Community hits 20,000 Redditors - Thank you all for your continued support! (662 points, 55 comments)
    2. The Mathematical Institute at Oxford University has officially joined the VeResearch program (592 points, 91 comments)
    3. As a community, we grow stronger - 40,000 and counting. Thank you for being a part of something special and for all your support! (542 points, 43 comments)
    4. 15,000 Redditors and counting, thank you all for your support! (399 points, 32 comments)
    5. Congratulations Reddit - 45,000 Redditors subscribed to /VeChain (387 points, 28 comments)
    6. @BitOcean_JP, one of the first cryptocurrency ATM solutions licensed by Japan's FSA, teams up with #VeChain. We are honored to continue building the world’s first ATM powered fiat payment application ecosystem on the blockchain alongside BitOcean. (274 points, 45 comments)
    7. DNV GL and VeChain Facebook Live Q&A - 24th Jan (259 points, 65 comments)
    8. VeChain is the fastest growing community on Coinmunity! (227 points, 23 comments)
    9. If two's company, three's a crowd... what does 30,000 Redditors make? Our community grows stronger (221 points, 10 comments)
    10. In just 5 days we've welcomed another 5,000 Redditors - 25,000 members reached! (217 points, 17 comments)
  3. 3180 points, 13 submissions: ForTheLoveOfHumanity
    1. VeChain will partner with Fanghuwang, one of the fastest growing online lending platforms in China with $3.3bn AUM. With this partnership, VeChain Thor solves major problems within one of the largest global industries. (1348 points, 288 comments)
    2. The 1st place winner of the VeChain Video Contest is "VeChain: An Introduction" made by Towelkeeper! Perfect story line, great animation, comprehensive and accurate information delivered. Congrats! (461 points, 37 comments)
    3. VeChain To Work with National Level Government Body State Tobacco Monopoly Administration and China Central Government owned China National Tobacco Corporation, via exclusive partnership with National Research Consulting Center. (331 points, 78 comments)
    4. After having a great event in Seoul, we are happy to announce that VeChain is listed on @Bithumb. The trading of VET has already begun on Bithumb Pro, with Bithumb soon to follow! Be sure tune in for more to come. #GoVeChain [Tweet] (185 points, 22 comments)
    5. We see eye to eye with our investor, @TimDraper, regarding the future of cryptocurrencies and use of blockchain solutions. [Tweet] (149 points, 21 comments)
    6. Finally find some time after 19 hours flight. I am taking two hours vocation and can’t wait for meeting with some big guy in Cyprus tomorrow morning. #GoVeChain [Tweet] (138 points, 25 comments)
    7. VeChain’s COO, Kevin Feng, has been invited to speak at Blockchain Night Live on March 31st. Kevin's speech will be live-streamed and begins at 20:30 UTC+9. (125 points, 9 comments)
    8. "Metcalfe’s Law states that the value of a network is the square of the number of users. That means as more people join a network, the network becomes more valuable. So will be VeChainThor." -Sunny Lu, Co-Founder & CEO [Tweet] (97 points, 42 comments)
    9. The 4th place winner of the VeChain Video Contest is "VeChain For Kids" made by @DIYwithRick! Great idea and well structured, congratulations! (81 points, 3 comments)
    10. Tidex Exchange has added VeChain (VEN)/ BTC & (VEN)/ ETH pairings. (79 points, 29 comments)
  4. 2959 points, 14 submissions: CryptopherWalken
    1. The cryptocurrency ban is over. Please be mature, responsible and judicious. (581 points, 54 comments)
    2. NYC Meetup - Full Summary! (441 points, 71 comments)
    3. NYC Meetup Update (244 points, 167 comments)
    4. Phil Hellmuth on Twitter: "Flying into Vegas for the day to chill w VEN (VEChain) CEO and Founder @SunshineLu24 and DBet CEO and Founder @JedidiahTaylor, flying out at 9:30 PM" (229 points, 76 comments)
    5. Crypto_Ed_NL on Twitter: "I have a good feeling about a new prediction..... If $VEN gets all done what they are planning, I expect them to surpass ETH within a year from now." (215 points, 199 comments)
    6. Sarah, VeChain Singapore Manager: "T- 1 day! Extremely excited @vechainofficial is one of 30 startups selected for the LVMH innovation award #GoVeChain #VeChainThor #LVMHTech #FutureofLuxury #Blockchain #VivaTech" (173 points, 52 comments)
    7. Binance had to move 13 million VEN tokens out of cold storage into its hot wallet to deal with the withdrawals for X Nodes (164 points, 51 comments)
    8. VeChain: Coca Cola Kid's last two messages: what they mean (my interpretation - long post). (157 points, 45 comments)
    9. Kevin Feng, CFO VeChain: "The past rebranding event was packed with information about our plan. Here is more details about the announced Oxford program. Expect more to come." (149 points, 11 comments)
    10. Hacken on Medium: VeChain Launches Bug Bounty Program on HackenProof (144 points, 4 comments)
  5. 2578 points, 16 submissions: Deaf_null
    1. Binance needs to lower VEN transaction fees, let’s act as a community. What can we do? (383 points, 53 comments)
    2. Vechain ready to rock crypto-market with rebrand (330 points, 53 comments)
    3. 3 Reasons why to buy Vechain in 2018 (243 points, 42 comments)
    4. Vechain has a bright future ahead. (238 points, 60 comments)
    5. VeChain, QTUM, HPB and Metaverse partner with CPChain to revolutionise IoT in China (188 points, 36 comments)
    6. Vechain Bullrun vid. (172 points, 48 comments)
    7. Best alternatives to Bitcoin? Vechain #4 (161 points, 26 comments)
    8. BREYER Bullish on VEN (151 points, 4 comments)
    9. CHINESE OFFICIAL: NEW REGULATIONS FOR 2018 MAY END ICO BAN? (127 points, 26 comments)
    10. Vechain’s Blockchain-as-a-service seeks to stop product counterfeiters (123 points, 7 comments)
  6. 2312 points, 9 submissions: patek_
    1. We are Trending on the Frontpage - Dont forget to upvote! VeChain’s Latest Partnership (566 points, 32 comments)
    2. Chinese Goverment Bullish News on Crypto - Expect a Boost for China Coins (358 points, 70 comments)
    3. Why I believe Vechain could reach $100 in 2018. (309 points, 248 comments)
    4. Breyer Capital and Vechain (290 points, 45 comments)
    5. Reminder: Jim Breyer VeChain Advisor (262 points, 45 comments)
    6. VeChain Thor Positioning To Become The #1 Enterprise dApp Platform, And Here’s Why - A Systems Analyst’s Perspective (173 points, 5 comments)
    7. “VeChain - The Future of Blockchain in China” (149 points, 29 comments)
    8. VeChain Rebranding Coming Soon! (127 points, 36 comments)
    9. Its Antshares all over again! (78 points, 65 comments)
  7. 2157 points, 13 submissions: enozym111
    1. Some thoughts and my prediction for EOY 2018 (431 points, 81 comments)
    2. Notes from Harvard meetup today with Sunny Lu (348 points, 103 comments)
    3. 51.9% circulating supply are de facto locked up. Approx.7707 wallets will be granted X Node status, estimated 162M VET are being locked up by Authority and X Nodes (219 points, 141 comments)
    4. 30 page PwC + VeChain survey released (187 points, 19 comments)
    5. Sunny himself is buying from the open market (185 points, 30 comments)
    6. Vast majority (98.234%) of VeChain is held in Nodes, major long-term bullish signal (162 points, 72 comments)
    7. Direction VeChain could be heading in the next 5 years: Huge market (138 points, 48 comments)
    8. An effort to curb voter manipulation and improve community image on other subreddits (106 points, 59 comments)
    9. 16hrs ago some big movement with VeChain wallets (94 points, 15 comments)
    10. Guiyang to be hub for fast-growing big data industry (82 points, 4 comments)
  8. 2001 points, 9 submissions: xSeventhwavex
    1. Media giant Al Jazeera talks blockchain with VeChain CEO Sunny Lu on the future beyond Bitcoin, and how blockchain will change the way we all do business. (648 points, 34 comments)
    2. Latest film contest entry from u/towelkeeper (373 points, 71 comments)
    3. TRTWorld published an interview with Sunny Lu from London Blockchain week. Video of the interview to be broadcast to over 190 countries. Massive! (296 points, 46 comments)
    4. VeChain Luxury Goods Management Solution (185 points, 20 comments)
    5. [Video] CEO of VeChain Sunny Lu and CEO Business Assurance for DNV GL Luca Crisciotti talk about the two companie's partnership. (138 points, 7 comments)
    6. Sunny Lu on how can blockchain technology be of value to the food supply chain and other industries. (129 points, 8 comments)
    7. Latest film contest entry from u/antronoid (90 points, 23 comments)
    8. DNV GL live tweeting digital transformation in the food chain. Video coming soon. (77 points, 16 comments)
    9. VeChain Country Manager Sarah Lim speaking at APAC Blockchain conference March 13 - 15 2018. (65 points, 5 comments)
  9. 1954 points, 18 submissions: Jtrades26
    1. Incase you arent realizing the impact... (262 points, 93 comments)
    2. China approves the use of blockchain in government & industry (182 points, 20 comments)
    3. Vechain digital asset exchange! (139 points, 59 comments)
    4. Wish Sunny Lu & their team the best for the event and to their future! (137 points, 5 comments)
    5. Direct quote from Sunny Lu (128 points, 20 comments)
    6. LVMH inaugurates - Vechain IS on the list! (128 points, 16 comments)
    7. Vechain.org - are they just not aware of the major problems with its functionality / viewability? (123 points, 53 comments)
    8. Video of Vechain COO. Kevin Feng, speaking at ‘Crypto Media Collection Vo.1’ at Coinjinja in Tokyo (118 points, 24 comments)
    9. Vechain - much more than a supply chain solution.... (101 points, 22 comments)
    10. Vechain article (100 points, 4 comments)
  10. 1841 points, 7 submissions: B5SF
    1. VeChain Twitter: It's a great honor to meet Alexander De Croo, Deputy Prime Minister of Belgium [...] (507 points, 101 comments)
    2. DNV GL partners with blockchain expert VeChain to increase transparency from the factory to the consumer (468 points, 114 comments)
    3. Introducing VeChain’s CTO Gu Jianliang to the Community (395 points, 66 comments)
    4. China orders banks to stop financing cryptocurrencies & plans his own digital currency (144 points, 225 comments)
    5. At 8:00 on January 4, 2018, the founder of Vechain, Lu Yang, will make a breakthrough in technological transformation at the live-streaming "China-US Blockchain Broadcasting Group" (134 points, 73 comments)
    6. Sunny Lu: Ladies and gentlemen, welcome onboard to VeChain Airline. Please fasten your seat belt and we are about to take off soon. (122 points, 60 comments)
    7. [Analysis] VeChain Announcement / News Time (71 points, 24 comments)

Top Commenters

  1. lol_and_behold (4713 points, 589 comments)
  2. Lurks_no_longer (3349 points, 257 comments)
  3. Bacon_Hero (2753 points, 470 comments)
  4. hawktopuss (2480 points, 189 comments)
  5. idk_wtf_im_hodling (2462 points, 450 comments)
  6. rookert42 (2318 points, 300 comments)
  7. hungryforitalianfood (1877 points, 412 comments)
  8. alladvantageceo (1748 points, 347 comments)
  9. perogies (1693 points, 143 comments)
  10. PoliticalShrapnel (1658 points, 315 comments)

Top Submissions

  1. VeChain will partner with Fanghuwang, one of the fastest growing online lending platforms in China with $3.3bn AUM. With this partnership, VeChain Thor solves major problems within one of the largest global industries. by ForTheLoveOfHumanity (1348 points, 288 comments)
  2. VeChain announced working with BMW by suf0x (1290 points, 297 comments)
  3. VeChain passes the first ever Cryptocurrency Disaster Recovery Plan from PwC by noah_vechain (1145 points, 132 comments)
  4. Sunny Lu came into the VeChain telegram chat to address the FUD rumours about the tokenomics (in-house suppression, dumping, etc.) by Anonymous-Kid-Cookie (1085 points, 186 comments)
  5. VeChain mods removed a legitimate criticism to VeChain. It cant always be happy rainbows and sunshine. We need to hear and discuss all the sides. Here is the text that was removed by them. by CoinStarX (1078 points, 129 comments)
  6. Vechain Partners with Tobacco by Castomere (997 points, 280 comments)
  7. VeChain Signs A Partnership Agreement With Yida Group’s IT Management division, Yida Future by noah_vechain (853 points, 174 comments)
  8. VeChain partners with Australian based 188 Business Alliance Association by noah_vechain (792 points, 119 comments)
  9. VeChain introduces VeResearch, a global innovation research grant program formed by research professionals to integrate blockchain into new and emerging technologies by Moussa93 (773 points, 144 comments)
  10. VeChain Partners With InfoCorp’s Sentenel Chain To Provide Cross-Chain Interoperability To Help The World’s Less Privileged by MatrixApp (748 points, 155 comments)

Top Comments

  1. 302 points: Crypto078's comment in A message from Sunny Lu: STOP ASKING VECHAIN PARTNERS FOR MORE INFO
  2. 275 points: hawktopuss's comment in VeChain mods removed a legitimate criticism to VeChain. It cant always be happy rainbows and sunshine. We need to hear and discuss all the sides. Here is the text that was removed by them.
  3. 245 points: Lurks_no_longer's comment in cryptocurrency mods have banned Vechain posts for a month
  4. 235 points: KMcCaig's comment in Sunny Lu came into the VeChain telegram chat to address the FUD rumours about the tokenomics (in-house suppression, dumping, etc.)
  5. 227 points: LactatingJello's comment in Why I refuse to invest in VeChain (and why you should consider doing the same)
  6. 226 points: dotbomb_jeff's comment in VECHAIN can't say this, so I will...(X Node RANT)
  7. 224 points: ForTheLoveOfHumanity's comment in New Coca Cola Kid post
  8. 206 points: icculus2001's comment in What are your concerns?
  9. 198 points: catdeuce's comment in There's only one survivor of this year's cryptocurrency slaughter: VeChain
  10. 194 points: m_sk_o_my_d_dik's comment in Sunny Lu came into the VeChain telegram chat to address the FUD rumours about the tokenomics (in-house suppression, dumping, etc.)
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

Vechain Top stats

Period: 246.88 days
Submissions Comments
Total 1000 57786
Rate (per day) 4.05 234.57
Unique Redditors 494 7401
Combined Score 168399 303270

Top Submitters' Top Submissions

  1. 19060 points, 61 submissions: noah_vechain
    1. VeChain passes the first ever Cryptocurrency Disaster Recovery Plan from PwC (1145 points, 132 comments)
    2. VeChain Signs A Partnership Agreement With Yida Group’s IT Management division, Yida Future (853 points, 174 comments)
    3. VeChain partners with Australian based 188 Business Alliance Association (792 points, 119 comments)
    4. VeChain’s First Official Public Infrastructural Decentralized Application — VeVID (695 points, 121 comments)
    5. VeChain partners with iTaotaoke to bring intellectual property protection to content creators. (613 points, 121 comments)
    6. VeChain Signs a Partnership with Bright Foods and its IT/Tech subsidiary Shanghai Xiandao Food to integrate blockchain technology into Bright Foods (Group) Co.'s internal management systems (605 points, 170 comments)
    7. VeChain pledges 50M VET to create the X Series Node Program (571 points, 561 comments)
    8. VeChain adding publication industry capability and partners with Hubei Sanxin Cultural Media Ltd. (503 points, 60 comments)
    9. An open letter from Sunny Lu (CEO) on VeChainThor Platform (488 points, 126 comments)
    10. Introducing the VeChain Multi-Party Payment Protocol (477 points, 184 comments)
  2. 5499 points, 22 submissions: GreatWhiteSharkCIA
    1. VeChain Reddit Community hits 20,000 Redditors - Thank you all for your continued support! (662 points, 55 comments)
    2. The Mathematical Institute at Oxford University has officially joined the VeResearch program (592 points, 91 comments)
    3. As a community, we grow stronger - 40,000 and counting. Thank you for being a part of something special and for all your support! (542 points, 43 comments)
    4. 15,000 Redditors and counting, thank you all for your support! (399 points, 32 comments)
    5. Congratulations Reddit - 45,000 Redditors subscribed to /VeChain (387 points, 28 comments)
    6. @BitOcean_JP, one of the first cryptocurrency ATM solutions licensed by Japan's FSA, teams up with #VeChain. We are honored to continue building the world’s first ATM powered fiat payment application ecosystem on the blockchain alongside BitOcean. (274 points, 45 comments)
    7. DNV GL and VeChain Facebook Live Q&A - 24th Jan (259 points, 65 comments)
    8. VeChain is the fastest growing community on Coinmunity! (227 points, 23 comments)
    9. If two's company, three's a crowd... what does 30,000 Redditors make? Our community grows stronger (221 points, 10 comments)
    10. In just 5 days we've welcomed another 5,000 Redditors - 25,000 members reached! (217 points, 17 comments)
  3. 3180 points, 13 submissions: ForTheLoveOfHumanity
    1. VeChain will partner with Fanghuwang, one of the fastest growing online lending platforms in China with $3.3bn AUM. With this partnership, VeChain Thor solves major problems within one of the largest global industries. (1348 points, 288 comments)
    2. The 1st place winner of the VeChain Video Contest is "VeChain: An Introduction" made by Towelkeeper! Perfect story line, great animation, comprehensive and accurate information delivered. Congrats! (461 points, 37 comments)
    3. VeChain To Work with National Level Government Body State Tobacco Monopoly Administration and China Central Government owned China National Tobacco Corporation, via exclusive partnership with National Research Consulting Center. (331 points, 78 comments)
    4. After having a great event in Seoul, we are happy to announce that VeChain is listed on @Bithumb. The trading of VET has already begun on Bithumb Pro, with Bithumb soon to follow! Be sure tune in for more to come. #GoVeChain [Tweet] (185 points, 22 comments)
    5. We see eye to eye with our investor, @TimDraper, regarding the future of cryptocurrencies and use of blockchain solutions. [Tweet] (149 points, 21 comments)
    6. Finally find some time after 19 hours flight. I am taking two hours vocation and can’t wait for meeting with some big guy in Cyprus tomorrow morning. #GoVeChain [Tweet] (138 points, 25 comments)
    7. VeChain’s COO, Kevin Feng, has been invited to speak at Blockchain Night Live on March 31st. Kevin's speech will be live-streamed and begins at 20:30 UTC+9. (125 points, 9 comments)
    8. "Metcalfe’s Law states that the value of a network is the square of the number of users. That means as more people join a network, the network becomes more valuable. So will be VeChainThor." -Sunny Lu, Co-Founder & CEO [Tweet] (97 points, 42 comments)
    9. The 4th place winner of the VeChain Video Contest is "VeChain For Kids" made by @DIYwithRick! Great idea and well structured, congratulations! (81 points, 3 comments)
    10. Tidex Exchange has added VeChain (VEN)/ BTC & (VEN)/ ETH pairings. (79 points, 29 comments)
  4. 2959 points, 14 submissions: CryptopherWalken
    1. The cryptocurrency ban is over. Please be mature, responsible and judicious. (581 points, 54 comments)
    2. NYC Meetup - Full Summary! (441 points, 71 comments)
    3. NYC Meetup Update (244 points, 167 comments)
    4. Phil Hellmuth on Twitter: "Flying into Vegas for the day to chill w VEN (VEChain) CEO and Founder @SunshineLu24 and DBet CEO and Founder @JedidiahTaylor, flying out at 9:30 PM" (229 points, 76 comments)
    5. Crypto_Ed_NL on Twitter: "I have a good feeling about a new prediction..... If $VEN gets all done what they are planning, I expect them to surpass ETH within a year from now." (215 points, 199 comments)
    6. Sarah, VeChain Singapore Manager: "T- 1 day! Extremely excited @vechainofficial is one of 30 startups selected for the LVMH innovation award #GoVeChain #VeChainThor #LVMHTech #FutureofLuxury #Blockchain #VivaTech" (173 points, 52 comments)
    7. Binance had to move 13 million VEN tokens out of cold storage into its hot wallet to deal with the withdrawals for X Nodes (164 points, 51 comments)
    8. VeChain: Coca Cola Kid's last two messages: what they mean (my interpretation - long post). (157 points, 45 comments)
    9. Kevin Feng, CFO VeChain: "The past rebranding event was packed with information about our plan. Here is more details about the announced Oxford program. Expect more to come." (149 points, 11 comments)
    10. Hacken on Medium: VeChain Launches Bug Bounty Program on HackenProof (144 points, 4 comments)
  5. 2578 points, 16 submissions: Deaf_null
    1. Binance needs to lower VEN transaction fees, let’s act as a community. What can we do? (383 points, 53 comments)
    2. Vechain ready to rock crypto-market with rebrand (330 points, 53 comments)
    3. 3 Reasons why to buy Vechain in 2018 (243 points, 42 comments)
    4. Vechain has a bright future ahead. (238 points, 60 comments)
    5. VeChain, QTUM, HPB and Metaverse partner with CPChain to revolutionise IoT in China (188 points, 36 comments)
    6. Vechain Bullrun vid. (172 points, 48 comments)
    7. Best alternatives to Bitcoin? Vechain #4 (161 points, 26 comments)
    8. BREYER Bullish on VEN (151 points, 4 comments)
    9. CHINESE OFFICIAL: NEW REGULATIONS FOR 2018 MAY END ICO BAN? (127 points, 26 comments)
    10. Vechain’s Blockchain-as-a-service seeks to stop product counterfeiters (123 points, 7 comments)
  6. 2312 points, 9 submissions: patek_
    1. We are Trending on the Frontpage - Dont forget to upvote! VeChain’s Latest Partnership (566 points, 32 comments)
    2. Chinese Goverment Bullish News on Crypto - Expect a Boost for China Coins (358 points, 70 comments)
    3. Why I believe Vechain could reach $100 in 2018. (309 points, 248 comments)
    4. Breyer Capital and Vechain (290 points, 45 comments)
    5. Reminder: Jim Breyer VeChain Advisor (262 points, 45 comments)
    6. VeChain Thor Positioning To Become The #1 Enterprise dApp Platform, And Here’s Why - A Systems Analyst’s Perspective (173 points, 5 comments)
    7. “VeChain - The Future of Blockchain in China” (149 points, 29 comments)
    8. VeChain Rebranding Coming Soon! (127 points, 36 comments)
    9. Its Antshares all over again! (78 points, 65 comments)
  7. 2157 points, 13 submissions: enozym111
    1. Some thoughts and my prediction for EOY 2018 (431 points, 81 comments)
    2. Notes from Harvard meetup today with Sunny Lu (348 points, 103 comments)
    3. 51.9% circulating supply are de facto locked up. Approx.7707 wallets will be granted X Node status, estimated 162M VET are being locked up by Authority and X Nodes (219 points, 141 comments)
    4. 30 page PwC + VeChain survey released (187 points, 19 comments)
    5. Sunny himself is buying from the open market (185 points, 30 comments)
    6. Vast majority (98.234%) of VeChain is held in Nodes, major long-term bullish signal (162 points, 72 comments)
    7. Direction VeChain could be heading in the next 5 years: Huge market (138 points, 48 comments)
    8. An effort to curb voter manipulation and improve community image on other subreddits (106 points, 59 comments)
    9. 16hrs ago some big movement with VeChain wallets (94 points, 15 comments)
    10. Guiyang to be hub for fast-growing big data industry (82 points, 4 comments)
  8. 2001 points, 9 submissions: xSeventhwavex
    1. Media giant Al Jazeera talks blockchain with VeChain CEO Sunny Lu on the future beyond Bitcoin, and how blockchain will change the way we all do business. (648 points, 34 comments)
    2. Latest film contest entry from u/towelkeeper (373 points, 71 comments)
    3. TRTWorld published an interview with Sunny Lu from London Blockchain week. Video of the interview to be broadcast to over 190 countries. Massive! (296 points, 46 comments)
    4. VeChain Luxury Goods Management Solution (185 points, 20 comments)
    5. [Video] CEO of VeChain Sunny Lu and CEO Business Assurance for DNV GL Luca Crisciotti talk about the two companie's partnership. (138 points, 7 comments)
    6. Sunny Lu on how can blockchain technology be of value to the food supply chain and other industries. (129 points, 8 comments)
    7. Latest film contest entry from u/antronoid (90 points, 23 comments)
    8. DNV GL live tweeting digital transformation in the food chain. Video coming soon. (77 points, 16 comments)
    9. VeChain Country Manager Sarah Lim speaking at APAC Blockchain conference March 13 - 15 2018. (65 points, 5 comments)
  9. 1954 points, 18 submissions: Jtrades26
    1. Incase you arent realizing the impact... (262 points, 93 comments)
    2. China approves the use of blockchain in government & industry (182 points, 20 comments)
    3. Vechain digital asset exchange! (139 points, 59 comments)
    4. Wish Sunny Lu & their team the best for the event and to their future! (137 points, 5 comments)
    5. Direct quote from Sunny Lu (128 points, 20 comments)
    6. LVMH inaugurates - Vechain IS on the list! (128 points, 16 comments)
    7. Vechain.org - are they just not aware of the major problems with its functionality / viewability? (123 points, 53 comments)
    8. Video of Vechain COO. Kevin Feng, speaking at ‘Crypto Media Collection Vo.1’ at Coinjinja in Tokyo (118 points, 24 comments)
    9. Vechain - much more than a supply chain solution.... (101 points, 22 comments)
    10. Vechain article (100 points, 4 comments)
  10. 1841 points, 7 submissions: B5SF
    1. VeChain Twitter: It's a great honor to meet Alexander De Croo, Deputy Prime Minister of Belgium [...] (507 points, 101 comments)
    2. DNV GL partners with blockchain expert VeChain to increase transparency from the factory to the consumer (468 points, 114 comments)
    3. Introducing VeChain’s CTO Gu Jianliang to the Community (395 points, 66 comments)
    4. China orders banks to stop financing cryptocurrencies & plans his own digital currency (144 points, 225 comments)
    5. At 8:00 on January 4, 2018, the founder of Vechain, Lu Yang, will make a breakthrough in technological transformation at the live-streaming "China-US Blockchain Broadcasting Group" (134 points, 73 comments)
    6. Sunny Lu: Ladies and gentlemen, welcome onboard to VeChain Airline. Please fasten your seat belt and we are about to take off soon. (122 points, 60 comments)
    7. [Analysis] VeChain Announcement / News Time (71 points, 24 comments)

Top Commenters

  1. lol_and_behold (4713 points, 589 comments)
  2. Lurks_no_longer (3349 points, 257 comments)
  3. Bacon_Hero (2753 points, 470 comments)
  4. hawktopuss (2480 points, 189 comments)
  5. idk_wtf_im_hodling (2462 points, 450 comments)
  6. rookert42 (2318 points, 300 comments)
  7. hungryforitalianfood (1877 points, 412 comments)
  8. alladvantageceo (1748 points, 347 comments)
  9. perogies (1693 points, 143 comments)
  10. PoliticalShrapnel (1658 points, 315 comments)

Top Submissions

  1. VeChain will partner with Fanghuwang, one of the fastest growing online lending platforms in China with $3.3bn AUM. With this partnership, VeChain Thor solves major problems within one of the largest global industries. by ForTheLoveOfHumanity (1348 points, 288 comments)
  2. VeChain announced working with BMW by suf0x (1290 points, 297 comments)
  3. VeChain passes the first ever Cryptocurrency Disaster Recovery Plan from PwC by noah_vechain (1145 points, 132 comments)
  4. Sunny Lu came into the VeChain telegram chat to address the FUD rumours about the tokenomics (in-house suppression, dumping, etc.) by Anonymous-Kid-Cookie (1085 points, 186 comments)
  5. VeChain mods removed a legitimate criticism to VeChain. It cant always be happy rainbows and sunshine. We need to hear and discuss all the sides. Here is the text that was removed by them. by CoinStarX (1078 points, 129 comments)
  6. Vechain Partners with Tobacco by Castomere (997 points, 280 comments)
  7. VeChain Signs A Partnership Agreement With Yida Group’s IT Management division, Yida Future by noah_vechain (853 points, 174 comments)
  8. VeChain partners with Australian based 188 Business Alliance Association by noah_vechain (792 points, 119 comments)
  9. VeChain introduces VeResearch, a global innovation research grant program formed by research professionals to integrate blockchain into new and emerging technologies by Moussa93 (773 points, 144 comments)
  10. VeChain Partners With InfoCorp’s Sentenel Chain To Provide Cross-Chain Interoperability To Help The World’s Less Privileged by MatrixApp (748 points, 155 comments)

Top Comments

  1. 302 points: Crypto078's comment in A message from Sunny Lu: STOP ASKING VECHAIN PARTNERS FOR MORE INFO
  2. 275 points: hawktopuss's comment in VeChain mods removed a legitimate criticism to VeChain. It cant always be happy rainbows and sunshine. We need to hear and discuss all the sides. Here is the text that was removed by them.
  3. 245 points: Lurks_no_longer's comment in cryptocurrency mods have banned Vechain posts for a month
  4. 235 points: KMcCaig's comment in Sunny Lu came into the VeChain telegram chat to address the FUD rumours about the tokenomics (in-house suppression, dumping, etc.)
  5. 227 points: LactatingJello's comment in Why I refuse to invest in VeChain (and why you should consider doing the same)
  6. 226 points: dotbomb_jeff's comment in VECHAIN can't say this, so I will...(X Node RANT)
  7. 224 points: ForTheLoveOfHumanity's comment in New Coca Cola Kid post
  8. 206 points: icculus2001's comment in What are your concerns?
  9. 198 points: catdeuce's comment in There's only one survivor of this year's cryptocurrency slaughter: VeChain
  10. 194 points: m_sk_o_my_d_dik's comment in Sunny Lu came into the VeChain telegram chat to address the FUD rumours about the tokenomics (in-house suppression, dumping, etc.)
Generated with BBoe's Subreddit Stats
submitted by Magmastream to chaintest [link] [comments]

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