What does “mimble” mean? (What does “miserable” mean in Chinese?)
Editor\’s note: This article is from Hashpai (ID: hashpai), authored by Busui, a
Editor’s note: This article is from Hashpai (ID: hashpai), authored by Busui, and authorized by Planet Daily for reposting.
Bitcoin is one of the earliest projects proposed in the computer field, but it does not solve the problem of blockchain, such as its consensus algorithm and protocol design, which has led to a controversial issue due to its own defects. If we discuss this topic in the recent coin circle, we will find that this article begins to explain what Mimble means. What is Mimble? Simply put, it is a transaction data structure of a cryptocurrency that achieves instant sharing of transaction information and privacy protection by transferring digital assets from the main chain to the side chain. It is also a means of payment that can help people purchase goods or services online.
Due to these unique technical characteristics, the network capacity of Bitcoin has reached an unprecedented high point, so theoretically, it will not only improve the throughput of the Bitcoin network but also lower transaction costs, and even make it easier for miners to mine and earn profits. Therefore, there are many factors influencing the price in the development process of Bitcoin. According to the official website introduction of Bitcoin, “Mimble,” also known as “scalability,” refers to using a new sharding method, a proof-of-work-based new system, or a new type of smart contract platform and Ethereum Virtual Machine. Currently, there are already some big names, such as Dr. Gavin Wood, a core Bitcoin developer, and Blockstream CTO Samson Mow. They believe that for Bitcoin’s network to be widely applied, the most important thing is to improve and break through the basic technology of Bitcoin.
What does “miserable” mean in Chinese?
Editor’s note: This article is from Bitcoin8btc (ID: bitcoin8btc), authored by Apatheticco, and authorized by Planet Daily for publication.
Ryan Selkis, the founder of Messari, recently announced a paid lending product called Miza – miserable.exchange on Twitter. It is an Automated Market Maker (AMM) protocol developed on the Ethereum network. This new project will provide users with a fair market and enable them to earn profits by using DeFi tools.
Since 2018, Messari has been researching how to use blockchain technology to solve pain points in the financial industry and improve efficiency, security, and reduce transaction costs. But this has not been fully understood. “I think it’s good work, but if we want to improve our business models in these aspects and bring them to the general public, we need a faster and more useful way.”
The Messari team also mentioned a new concept – “pooling”. The platform consists of a new feature called “miZA”. According to the application introduction, it supports liquidity mining between any assets/tokens without the need to pay a fixed price or additional funds, allowing people to trade without any risk.
Although there are now many different types of tokens, I still hope everyone understands some of the terms:
‘Pooling’ refers to the process of buying and selling cryptocurrencies on decentralized exchanges, or they operate similar to the banking system, for example, lenders can earn interest income; or you can sell a house just like buying a house because it will not bring you more value, and you can sell your money anytime. Of course, it can also be used to purchase things.
In fact, “pooling” is not a new term. Its name is simple: “Pooling” is an automated investment method designed to eliminate investors’ concerns about portfolio diversification. This method is actually similar to other asset categories, like digital assets such as Bitcoin. Like other asset categories, “pooling” means that as long as a single entity holds a certain amount of assets, it has the right to distribute specific shares of cryptocurrency assets to another owner. That is to say, when you own $1, you can take away all the remaining funds and repay debts with them. In addition, if you want to withdraw your deposit, you have to wait for a year to unlock the funds and withdraw them to your wallet.
So for companies willing to try traditional investments, pooling is not something new but rather attracts more and more people to enter the market.
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