derkardeg

PARSIQ related terms

derkardeg@newsletter.paragraph.com (derkardeg) — Sun, 31 Oct 2021 06:53:13 GMT

Portal-the workflow editor, the platform itself. Here, you can use the ParsiQL language to build a simple workflow or write a complex logical structure in a few seconds, with additional conditions and formats.

Smart Trigger-We are equivalent to Zapier's "Zap". It is defined as monitoring specific on-chain events and triggering downstream operations when they occur. Smart triggers are actually smart contracts deployed in the PARSIQ ecosystem. It allows triggers from the external chain to be passed to the off-chain system.

Trigger Wizard-No code editor, embedded application on Portal, can help you build Smart Trigger in minutes. In the wizard, you can enter the blockchain address to be monitored, add custom parameters such as risk score, and then select the delivery channel to be notified. Essentially, Wizard will create the ParsiQL code for you.

ParsiQL-a specific programming language that provides support for all smart triggers, including those built using the Trigger Wizard. For more in-depth customization, developers can further customize and edit ParsiQL code to meet their specific needs. Like most coding languages, it has unlimited possibilities.

But what if I want to use...Graph?

Then you should be good at indexing and querying historical blockchain data. However, if you need to respond in real time, you need PARSIQ. Graph is a service based on pull-based query data, which means you need to pull related query data from historical records. PARSIQ is a push-based service because it is promoting the development of events for further operations. Graph provides an interface for historical events that have occurred on the blockchain in a queryable way. PARSIQ works in real time, allowing this unlimited real-time data stream to be converted.

But what if I use...Chainlink?

Then you have a good data source for your smart contract to execute a result. Usually, the oracle uses one method: input off-chain data into the blockchain. The data comes from sensors or other real-world sources. Then it will be verified. It will be delivered to the blockchain or smart contract. However, if you need data to move in the opposite way, you need to use PARSIQ.

You can call it a reverse oracle, because PARSIQ uses real-time blockchain data and delivers it to real-world applications through notifications, reminders, and APIs.

Central Bank of Brazil: Brazilians bought more than $4 billion in cryptocurrency this year

derkardeg@newsletter.paragraph.com (derkardeg) — Mon, 18 Oct 2021 17:28:38 GMT

Since the beginning of the year, Brazilians have bought more than 4 billion U.S. dollars

Of cryptocurrency imports. The report shows that cryptocurrencies are

Part of the merchandise business balance. The report shows that since January

Since then, the import value of cryptocurrency has remained at 350 million

More than US dollars. The peak of the cryptocurrency buying craze occurred at 5

In January, the purchase of cryptocurrencies at that time reached 756 million US dollars in the same month alone. According to the Monetary Policy Master of the Central Bank of Brazil

According to Bruno Serra, Brazilians’ cryptocurrency abroad

Currency investment may be three times the amount invested in U.S. stocks.

The significance and impact of the first Bitcoin futures ETF in the U.S.

derkardeg@newsletter.paragraph.com (derkardeg) — Sun, 17 Oct 2021 13:57:53 GMT

It is of milestone significance. It is undeniable that in the cryptocurrency and blockchain boom, whether it is at the exchanges, venture capital funds, project innovation, or regulatory level, as well as the rapid growth of mining power, the United States has walked in the forefront of the world. Despite the high voices, the SEC has been rejecting or delaying the arrival of Bitcoin ETFs with slogans such as disrupting market financial order. However, with the adoption of many Bitcoin ETFs in Europe, South America and other regions, the United States, which has gathered top resources, has intensified the contradiction between the mismatch of encrypted resources and encrypted financial instruments. The first Bitcoin futures ETF in the United States is finally coming under constant calls. There is no doubt that this is an important moment. It represents that the country with the most abundant crypto resources finally ushered in the first crypto ETF. The news came out, fermented, and spread. Bitcoin was less than 1,000 points higher than the previous one. This is the best response from crypto investors.
The strength of the Bitcoin consensus makes regulation "compromise". According to the market value ranking of listed companies, heavy metals and other assets, Bitcoin is already the 8th largest asset target in the world, and it is not far from the silver in front. It has only been more than ten years since its inception. Bitcoin has gone from obscurity to consensus all over the world. During this period, it has experienced hundreds of times of policy suppression by various countries, but it has become a non-negligible existence in the world. Presumably the US government also understands that strangulation is never the best way, but to look at it with a more innovative way of thinking and embrace it.
The historical significance may be greater than the actual significance. Behind the fanaticism still needs to be treated wisely. Bitcoin futures ETF has undoubtedly greatly increased the attention of the society and traditional investors, and it also provides a channel for retail investors and institutions to participate in Bitcoin transactions in a compliant manner. But in practice, for retail investors, this may not be the best way to enjoy the long-term rise of bitcoin; for institutions, bitcoin futures ETFs may become hedge funds or asset management companies to hedge their bitcoin spot targets or Other asset-based tools, or to put it bluntly, also provide a more reasonable short-selling method for those who look down on Bitcoin for a long time. From a short-term perspective, the first Bitcoin futures ETF in the United States has become a gimmick of "drawing", and ordinary investors should pay attention to Fomo.

Fourth, the further development of the encrypted derivative market. Although there are CME Bitcoin futures in the United States, its trading volume does not account for a large proportion of the entire crypto futures market, and it is still dominated by leading cryptocurrency exchanges such as Binance and FTX. The arrival of the first Bitcoin futures ETF in the United States may not have an excessively significant impact on the price of Bitcoin, but with the growth of its derivatives market, the trading volume of CME Bitcoin futures may be traded by institutions attracted by the arrival of the Bitcoin futures ETF. Quantities and rapid development.

Argentine tipping platform Cafecito hopes to expand to the global market by integrating the Lightning Network

derkardeg@newsletter.paragraph.com (derkardeg) — Fri, 15 Oct 2021 16:02:31 GMT

The 26-year-old Argentine programmer Damian Catanzaro founded the tipping platform Cafecito in February 2020, which caused a sensation among Argentine content creators and NGOs. The platform has 300,000 users. After recently integrating the Lightning Network, he hopes to go global. Last week Catanzaro integrated the Lightning Network into the platform, creating a global market for its platform. Catanzaro first proposed this idea in 2020, but it was not implemented until this month. When he first entered the Lightning Network, he found that "a huge world has been developed in payment." Catanzaro decided to use the Open Node platform to integrate the Lightning Network. "I have made the first demo. Next week I will be 1,000. The beta version is open to users.” According to Catanzaro, none of his overseas competitors in the potential tipping field have integrated encrypted payment options. Although Twitter recently launched a feature that allows users to easily reward each other in Bitcoin through the Strike payment network, Strike is currently only open to people in the United States and El Salvador. Catanzaro plans to expand the Cafecito model to the entire Latin America during 2022, so that people in the region can use the platform to reward creators with local payment methods instead of U.S. dollars.

What kind of NFT is easy to succeed?

derkardeg@newsletter.paragraph.com (derkardeg) — Thu, 14 Oct 2021 14:35:37 GMT

There are well-known artists and IPs with their own traffic to participate in the production or launch. The design is exquisite and the concept is rich. The most important thing is: let people be willing to replace this NFT with their own avatar; second, the herd effect driven by celebrities and big coffees is very important. Punk and Ape have a large number of crypto industry big celebrities and celebrities participating, and the avatar is Ads with the highest frequency; third, there is a money-making effect, investors participate in frequent transactions, and there is room for profit from them. Now some NFT investment communities have been formed.

Regarding the future of avatar NFTs, it is still too early to talk about the meta universe, and social media is the main battlefield of avatar NFTs. Therefore, the NFT verification function announced by Twitter is very critical:

"Twitter Spaces software engineer Mada Aflak publicly showed a quick demo. In the streaming video, users can click on their avatar, select an NFT from their encrypted wallet, and download the NFT from OpenSea (a popular digital collectibles market) , You can put this NFT image into their avatar, and then a "blue mark" will be automatically generated on Twitter's profile to indicate that they are the true owner of this NFT image. "

In the future, if giant social software such as Facebook, Instagram, Whatsapp, Telegram, etc., all add this function, even Chinese social software such as Weibo, WeChat, Dingding, etc. will also add this function (of course, it is more likely to use its own alliance chain instead of the public chain. ), then the avatar-like NFT may usher in a big explosion.

Of course, this is just a beautiful vision. The biggest difficulty faced by avatar NFTs is whether it is too limited to a small circle and eventually shrinks slowly.