KHC — a new generation of high performance private financial public chain has officially launched
With the appearance of blockchain technology, services in the financial industry have made great progress. The blockchain brings extra vim to the cryptocurrency industry, and the emergence of DeFi on the blockchain has empowered more projects in the industry.
From 2019 to 2020, the DeFi market has developed rapidly from nothing. Only one year later, the total lock-up volume of DeFi in 2020-2021 has approached $100 billion, rising more than 240 times.
The popularity and drawbacks of DeFi
DeFi is so popular which has become one of the hottest topics in the crypto field.
What is DeFi?
DeFi is Decentralized Finance. It is a financial application ecosystem developed with blockchain technology. It realizes the peer-to-peer network, establishes a decentralized environment, and everyone can connect freely & manage their own assets. Smart contracts are self-executing, and do not require intermediaries. DeFi aims to provide a transparent, open-source, unlicensed decentralized financial environment.
With the rise of DeFi, the overall development of the blockchain industry has been promoted effectively, and the value concepts represented by cross-chain, distributed storage and payment, etc. have also attracted more attention.
Ethereum, which has become the hub of the whole blockchain network, is facing a huge problem in its public chain performance now. It takes two minutes to confirm a transaction on Ethereum, which causes the user’s access experience extremely unsmooth, and at the same time brings high gas fees. It is not surprise that it costs hundreds of dollars in one transaction.
These short boards objectively restrict the development of the current DeFi field. Moreover, it even limits the application of public chains in high concurrency and complex business scenarios.
In order to reduce the threshold for the majority of cryptocurrency enthusiasts who want to participate in DeFi, meanwhile, aim to expand the boundary of DeFi continuously, the KoHo chain came into being!
KHC — a new generation of high performance private financial public chain based on Side-Chain technology
KoHo chain is a new generation of high-performance private financial public chain based on Side-Chain technology. Through technical solutions such as sharding, sub-chain expansion, state channel, online capacity expansion, etc. KHC realizes 100000-bit TPS, and KHC meets the needs of high-speed and high-frequency transactions on the chain.
Therefore, KHC can serve simultaneously thousands of times per second as many users as Ethereum. With Koho Bridge’s bridging breakthrough, it is enough to support all financial activities.
On KHC, financial applications will be written as lines of code – you can’t cheat on the code, because it treats everyone equally. The code runs exactly the way it was written. Since the code will be open to public, the vulnerabilities will be revealed quickly.
There is no doubt that KHC, which bridges Ethereum and other technological ecosystems through Side-Chain technology and significantly lowers the threshold of decentralized finance, will become the first high-performance public privacy chain that truly supports large-scale business perfectly. What is more, it will also be the best environment for the development and continuous expansion of the boundary of DeFi.
Recommended News
-
Secure and encrypted decentralized chat software
Communication and interaction with people, and the construction of relationship with people. Communication interaction is communication, relationship construction is making friends, that is, people’s social needs are communication and making friends. Where there are people, there is social networking. According to statistics, there are 4.54 billion people in the world who can connect to the Internet. The coverage rate is 60%, and the number of people using social media reaches 3.8 billion, nearly half of the world’s population (calculated according to the total global population of 7.7 billion). In…
-
DEFI New Finance: New HS Network Coming Out
Digital currency is the product of block chain technology. Block chain (Blockchain) refers to the technical scheme of maintaining a reliable database collectively through decentralization and distrust. From the perspective of financial accounting, block chain can be regarded as a highly trusted network electronic account book with full node participation. With the deep application of block chain technology, the value of digital currency in the future will become increasingly prominent. HS Network is a block chain DEFI Token trading platform based on Ethernet technology. Built by the Global Ecological…
-
Coinbase, Naval, Framework Ventures Back $19M Raise for a Capital-Efficient Stablecoin
Fei Labs, a project building a more capital-efficient decentralized stablecoin, raised $19 million from Andreessen Horowitz (a16z), Framework Ventures, Coinbase Ventures and AngelList founder Naval Ravikant, among others. The raise, disclosed Monday, is another sign competition is heating up among issuers of stablecoins. These cryptocurrencies are designed to hold their value against some mainstream asset, usually (as in Fei’s case) the U.S. dollar. Stablecoins play a linchpin role in the crypto ecosystem, allowing traders to quickly move fiat currency (or the next best thing) between global exchanges to take advantage of…
-
Japan AVF HOLDS HANDS IN SONA TO BUILD NFT ecology
According to official sources, T-power, Japan’s largest AV copyright owner, has announced that it will soon begin creating and releasing NFT copies of SONA and enter into a deal with SONA coinage. Starpunk operating NFT Alliance (SONA) is a decentralized and autonomous organization (Dao) platform, audited by the Soken , and is the heavyweight blockchain authority that audits OpenSea. The no preorder, no private offering by the Geek Coalition of America is the NFT Super Cross chain token, backed by the Andreessen Horowitz Foundation. NETWORK1 aims to connect blockchain/NFT game…
-
DeFiMEX first global DEFI options contract exchange
DeFiMEX is building a new DEFI options contract exchange with an innovative DEFI straddle arbitrage mechanism. The system currently supports trading of options contracts in the mainstream DEFI currencies. DeFiMEX will step into the new wind of the blockchain era, focusing on the new DEFI financial track with a top technical team, UNI Foundation participation and global operations. DeFiMEX will step into the new wind of blockchain era, focusing on the layout of DEFI new financial track, top technical team, UNI Foundation participation, global operation. The DeFi options contract is…
-
CoinFans opens mining machine rental service
On February 26, 2021, CoinFans(bi-fans.com)’ global universal version was officially launched. This is a global decentralized computing power asset management and trading platform that integrates cloud computing power purchase, mining machine purchase, digital wallet, digital economic information and other functions. CoinFans escorts all miners, so that all retail investors and more people have the right to participate in cloud mining, rather than a simple oligarch monopolizing the interests of the entire mining industry. In addition, the CoinFans platform will launch special mining machines for users to participate in. CoinFans will start…
-
Staking as an Asset Class? This Swiss Institutional Fund Is Jumping In
While institutional investors around the world are just getting their heads around bitcoin (BTC, +5.09%), asset managers in crypto-friendly Switzerland are heading into staking on next-generation blockchain networks. Announced Friday, Zurich-based investment firm Tavis Digital has partnered with Singapore-based Persistence, a bridge for traditional firms into undiscovered realms such as token staking and decentralized finance (DeFi). Tavis Digital is a spin-off of Tavis Capital, an asset manager regulated by the Swiss Financial Market Supervisory Authority (FINMA) with about $1.07 billion in assets under management. Nimble and financially sophisticated countries like Switzerland and…
-
Uniswap V3 Introduces New License to Spoil Future SUSHIs
Uniswap has licensed the third iteration of its code bank in an apparent move to ward off would-be copycats. The white paper for v3 of the decentralized exchange (DEX) was released Tuesday. In a possible nod to rival project SushiSwap – which copied Hayden Adams’ creation bit by bit – the Brooklyn, N.Y.-based team’s blog post included one section detailing a “business source license” that acts as a time delay for commercial use of the code “for up to two years.” After that point, the code will remain in an open-source GPL license “into…
-
Bear Market Shocks! CoinW’s 0 transaction fee on spot trading helps users to make valuable investment
Fears of a global recession and the worst inflation in over 40 years have wreaked havoc on the emerging cryptocurrency market this year. Coming into August, the crypto industry shows no signs of recovery. It is not easy for investors to stay calm, but it is important to remember that regardless of market conditions, never be an ostrich with your head in the sand, but rather follow the laws of the market and make the most of the current bear market opportunities to find investment breakthroughs. Total cryptocurrency market cap…
-
Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July
One of the most significant and contentious alterations to the Ethereum blockchain in recent memory is now scheduled for inclusion into its codebase. Ethereum Improvement Proposal (EIP) 1559 will be packaged with the London hard fork this coming July regardless of the mining industry’s discontent with the proposal, according to the All Core Developers call Friday. At least five other EIPs are likely to join EIP 1559 in London. EIP 1559 flips a typical blockchain transaction on its head in order to fix numerous issues with Ethereum’s user experience. Traditionally, a user sends a gas…
