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"Follow Bi Dafu and don’t get lost in the currency circle! ! ” Towards the end of the month, the short-term correction risk that Dafu warned a few days ago is getting closer. BTC fell by about 2% around 1:20 this morning, and then found support again near 3880 after the last bad news, entering a range-bound state. This position was tested again tonight. It can be seen that US$3,880 has been an important support in recent days. If the volume falls below this point, the magnitude of the correction will be further deepened in the short term.  The IEOs of Huobi and ZB are about to start selling today and tomorrow. The platform coins are relatively strong and there are no signs of adjustment yet. Logically speaking, the performance of the new project should be good after it goes online. Therefore, it is best to hold on to the platform coins, and you can still increase your position every time it falls. For other mainstream currencies and altcoins, if you reduce your position at a high point, it will not be a loss as long as you buy it back below this point. If the currency price starts to rise again, you must at least buy it back at the original price. A short-term correction will not change the general upward trend. It is recommended that you do not short-sell at will. It is best to stick to buying on dips. If BTC drops by 5% or 10% in a short period of time, it is the best time to enter the market. The Project  The first screenshot is the catalog. Before, we knew that the biggest feature of the In addition, Dafu found that "X" appears in large numbers. For example, Xapp in the directory may correspond to a Dapp, and WXC that appears in Token Ecology may be the name of the chain. This shows how much the project side attaches importance to the letter "X". Thinking that the shape of X itself is like two intersecting chains, this may mean that the two chains in the project will have some kind of interaction, and this interaction may be a very important feature of the X project. In short, the meaning conveyed by the project party through X may be to subvert some existing concepts.  The second screenshot released mainly describes the problem of the impossible triangle of the blockchain system. Dafu has also heard of this problem before. The general meaning is that the blockchain system cannot achieve the three goals of decentralization, security and efficiency at the same time. The problem of the Impossible Triangle was originally an economic one. If a country's monetary policy is independent of fiscal policy and it has developed capital markets and currency markets, then in terms of financial policy, the country cannot have free capital flow, exchange rate stability, and monetary policy independence at the same time. It can achieve at most two goals at the same time. In the development process of blockchain technology, people have summarized the impossible triangle problem of blockchain based on experience. The last paragraph discusses that existing mainstream blockchain projects have some unsatisfactory aspects and cannot take into account all goals at the same time. It also raises the issue of the priority of the three goals. We look forward to the project team’s answer in the subsequent complete white paper.  The third screenshot mainly discusses "decentralization". At the end, it is mentioned that the concept of decentralization does not appear in the Bitcoin white paper. This should mean that the blockchain is a technology and does not necessarily have to be decentralized. For this reason, Dafu also turned out the Bitcoin white paper and looked at it. Indeed, he did not find the word "decentralization", which is the word decentralization. The project side does not regard "decentralization" as a guideline, which leaves us with a suspense. After all, blockchain technology has always emphasized decentralization. I don't know how the project side views this issue. The final answer will not be seen until the complete information is released.  The fourth picture is some technical content, which seems to be the algorithm for mutual verification of public and private keys. These technical details are relatively profound for ordinary investors, and there is no need to delve into them for the time being. The above is Dafu's interpretation of the public information of Project X. Judging from the existing information, Dafu feels that Project X is trying to make some innovations. Now that the white paper has been completed, the release of the full version should not be far away. At that time, Dafu will continue to study this project and help everyone understand it in depth. Move your fingers and click on the upper right corner to share it with your friends. Thank you for your support of Dafu! “Follow Bi Dafu and don’t get lost in the currency circle! ! ”  Identify QR code Canadian currency Dafu WeChat ID  Highlights from the past Dafushen’s prediction perfectly predicts the trend of the week! Altcoins continue to rise! The mysterious Project X has surfaced! Is the BTC upper limit revised to cancel the halving? The banker’s routine! BiDaFu’s first partner! The legendary figure who earns a thousand times a year returns! BTC hits $4,000 and is blocked! Recruitment of early partners for the mysterious project begins! |
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