HERE COMES CRYPTO GEEEEEK!
Tags: Polkadot, Bitcoin, Block, Venture Capital, Cosmos

We are a crypto fund backed by Crypto Geek, the №1 crypto forum in China, and senior engineers from top Chinese software companies such as Alibaba and Ant Group. At Crypto Geek Capital, we collaborate with our partners, leaning on our experience as technology pioneers in this industry. We are proud to support the development of new products and we are activating our network to help them expand into new markets.

There are some activities we held in past few years

Some ideas from the official evangelist Arthur Falls of D FINITY : The ubiquitous randomness of DFINITY can influence the next block’s creator, assigning special roles to network participants, including: building partitions, creating randomness, and building blocks. This allows DFINITY to be used in a wide range of applications, including gambling, trading orders, and games. Since we know which nodes are participating in the network, assuming that almost all the nodes are online, we can randomly assign tasks to the nodes and ensure that the tasks are performed properly. That’s the basis of DFINITY’s architecture, today we will explain the role of randomness in the production of random numbers and in the production of blocks (Note: In describing “selection of block producers” , avoid the use of the term “selection of block producers” (the opposite of which is the case here, because block producers are not produced by selection) .

The following is the idea from Arthur B about how to run the community and precautions we should aware:

Governance is the process of managing shared resources. If the resource is private rather than shared, there is no need for governance. For example, if you have an egg, you can decide to eat it now, or eat it later, let it grow into a chicken, or give it away. It’s your egg. You can do whatever you want with it. However, if two people own an egg, their ideas may clash. In order for two people to make a decision about an egg, they need to make rules. The rules may be made by experienced people, or they may be decided by a coin toss. Another possibility is that if they do not agree with the rules, they will have to sell the eggs and split the money. This is called governance, and you need to take many potentially conflicting inputs and calculate an output. If I have a Bitcoin, I can save it or send it anywhere. If I save it in a multi-signature address, there are some simple, clear rules of governance: In a multi-signature contract where M is taken from N, if m of N members agrees to a transaction, then the deal will go through. So when we think of cryptocurrency, we don’t immediately think of governance, because it doesn’t seem to need governance. If everyone can decide what to do with their tokens, why do they need governance? In these networks, it turns out, some of the resources are shared by the entire community. One example of a shared resource is the network itself! Who Runs it? WHO’s running it? In bitcoin, the miners are responsible for maintaining the network. They were rewarded by creating new tokens in each block. It is a form of governance in which inflation is used to incentivise miners to act honestly

Here are some main advantages of Polkadot:

Openness and decentralization: the agreement must be open, with low barriers to participation, the ability of most institutions to participate, the large number of user institutions to participate, healthy competition, and the ability of no institution to monopolize the control network.

EXPANDABLE: The future of blockchains will no doubt be one of a variety of public, alliance, and private chains, so a good cross-chain protocol must support dozens or hundreds of different chains, it may even need to support hundreds of chains in the future.

Low Trust: the linked blockchain can be a complex network system whose security is limited by the bucket principle, and the weak links in the whole network may pull down the security of all other linked chains.

High Performance: The new generation of blockchain network will have good performance, so cross-link protocols also need to have the performance to be able to avoid becoming a bottleneck.

Doctor Chen’s idea about whether the theoretical knowledge can be applied to the developing and application: a purely academic label may not reflect an inherent understanding of the integration of theory and engineering within a project. The combination of theory and engineering was very close at the beginning of the design, and our prototype verification of the system was done before the entire company team was formed, it was only after we had full confidence in the system that the project was actually feasible that we could actually implement it commercially within the company.

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