CMCC Global writes monthly to investors, sharing our views on market dynamics and demystifying this new asset class.
Industry Insights
Insights
Here we share selected insights, exploring important topics in the blockchain ecosystem.
The Terra Stablecoin
In South Korea, ecommerce transactions are expensive to process, with sites paying up to 3% in transaction fees to traditional payment processing companies. With over USD0.5 billion in annual fees, it is no wonder that ecommerce companies in Korea and other parts of Asia are looking for a cheaper solution.
Facebook's Libra Network
In June Facebook announced that it would be releasing its own blockchain called the Libra Network. This is a hugely significant announcement for the ecosystem. With one of the largest companies in the world designing its own solution, Facebook has validated the idea of public blockchains.
The Cosmos Launch
Over last the two years, a group of talented engineers has been researching and developing a project called Cosmos. The idea behind Cosmos is that it will become an “Internet of Blockchains”, building bridges to connect many different chains together.
Solana and Proof of History
Proof of History, the consensus algorithm underpinning the Solana blockchain offers a novel approach to blockchain scalability without the need for sharding. By using Proof of History, Solana aims to run thousands of times faster than Ethereum.
Non Fungible Tokens
In December 2017, the Ethereum network became heavily congested.The reason for this was the release of a new application, CryptoKitties, that dramatically increased transaction volumes on the network.
