Opening remarks: Dr. Chukov from the Pentos public chain is very welcome to our community live broadcast room. Dr. Chukov will first come to say hello to all Pentos fans on the scene. Hello everyone, I am very happy to use this platform to communicate with you! Q1: In the last two years, the blockchain has developed rapidly, and various value-based hot concepts have also appeared alternately. The entire blockchain industry can be said to be contending and very active. Pentos public chain is a powerful explorer in this regard, your perception And the vision has always been relatively advanced, so considering that there are many new friends on the scene, let’s first invite Dr. Chukov
Opening remarks: Dr. Chukov from the Pentos public chain is very welcome to our community live broadcast room. Dr. Chukov will first come to say hello to all Pentos fans on the scene.
Hello everyone, I am very happy to use this platform to communicate with you!
Q1: In the past two years, the blockchain has developed rapidly, and various value-based hot concepts have also appeared alternately. The entire blockchain industry can be said to be contending and very active. Pentos public chain is a powerful explorer in this regard, your perception And the vision has always been relatively advanced. Considering that there are many new friends on the scene, let’s first ask Dr. Chukov to introduce himself and briefly introduce the Pentos public chain.
A1: I am engaged in financial investment research. At the same time, I am also looking for high-quality investment targets for financial investment-the technology industry. I did not expect that a concept called “technological finance” could be produced in this century. This concept extends to philosophy and thought. , Strategy, model, system and technology level. A new term called “blockchain” has appeared. As the saying goes, laymen watch the excitement and experts watch the doorway. For me, I have deeply discovered the charm and historical significance of blockchain. Some people say that since the end of the 20th century, if you are not “Internet”, you will be isolated from the future; this sentence makes sense, what ah? From the beginning of the 21st century, if your life, your career and your wealth If you don’t integrate into the “blockchain world”, then you will travel back to the old world, and I will fall into self-defeating. However, I want to remind everyone that good things always have two sides or false ghosts. The key is that you have found the real existence? If you find it, congratulations!
Pentos public chain
n Origin of species, attributes of culture fairness, freedom, rights, truth
n Public chains In different blockchain eras, there are always countless main tracks, just like the yellow vest seats (very valuable) in the trading center. There are thousands of businesses inside or behind him. A community of destiny is formed on this main track.
n The public chain provides most of the functions that the blockchain main network should have: consensus mechanism, computing power speed, storage and accounting, Dapp, Defi, asset confirmation and transaction.
n More importantly, on the basis of many excellent public chains, we have absorbed their advantages, weakened their shortcomings, and strived to create a world’s first and only one that satisfies ecological economic incentives and value in the blockchain 3.0 era. Free and open public chain of sharing and benign inflation.
Introduction: Once “Game of Thrones” was popular all over the world, not only thousands of fans paid attention, even hackers also came in to join in the fun, and even extortion demanded to be paid in Bitcoin. In the Middle Ages, the identity of the middle class is the standard equipment of the knight: armor and war horse; the standard equipment of the modern middle class identity is: luxury houses and famous cars; and the standard equipment of the middle class identity in the digital age is: cold wallet, mining machine, digital currency +Tender model…
[If you do not have the standard equipment in the digital age, or if you have been dug by others and configured with fake and inferior products, then Pentos is a fair and true choice for you. 】
Q2: We know that a recent major event is that the Pentos public chain was officially launched a few days ago, which also caused a small sensation in the industry. The integrated ecological layout of the Pentos public chain covers the mainstream cloud computing power leasing, DeFi, liquid mining, decentralized games (DApp), etc. at this stage. The doctor can talk to us about the overall Pentos public chain What’s the ecological conception? What value can this bring to users or industry participants?
A2:
1) First of all, we all know the important value of the concept of “ecology” in the blockchain, which represents consensus, common actions and goals, and a tacit life community of coupling. For example, the smoking room at the airport. Therefore, if the blockchain does not participate and communicate, there is no liquidity and application scenarios, then there is no blockchain.
2) Secondly, different blockchains will describe and structure their unique ecological structure in their great value propositions. Then Pentos also has its own characteristic ecological structure and thinking, and we start from the novel “Song of Ice and Fire” And in the plot of “Game of Thrones” written and directed, to combine and construct an ecological aggregation 3+2 picture with plot and philosophy:
The first three core ecosystems are mainly aimed at reshaping the pain points and drawbacks of the current blockchain ecosystem: Junlin City Project (decentralized finance); Winter City Project (a method of digital currency distribution); Bliss Tower Project (public Thousands of application ecosystems on the chain), the strategic foundation and new technical means for development are: Pantos Plan This is a strategy to promote the long-term stable development of the Federation of Trade Unions; Longyan Island Bible Adopt an irreplaceable token-NFT
Q3: This vision and pattern of the Pentos public chain really deserves to be the mainstream public chain platform of Blockchain 3.0. I give you a thumbs up. In fact, these visions and ideas need technical support to land, and I have been listening to Pentos. The technical team of the public chain is very powerful. What is the current situation of your team? Are there any special advantages of Pentos public chain?
A3: First-class and pragmatic business thinking and first-class technical geeks who come from professional backgrounds at home and abroad
Special advantages: 1) Drawing on the technical characteristics of Polkadot and Cosmos, building a unified blockchain cross-chain platform, creating a “adaptive hierarchical heterogeneous network-SHH Network”, which is a 3.0 blockchain And a mainstream public chain ecology in the web3.0 period.
Q4: From an industry perspective, DeFi in 2020 can be said to be extremely hot, and the current NFT is also a major concern. We noticed that the Pentos public chain also focuses on these two items in the ecological layout. I would like to ask the next doctor how you are What about the prospect value of DeFi and NFT? In which direction do you think the next hot spot might be?
A4: In order to deal with the fairness and balance issues in the Pentos ecosystem, PTS has almost no private equity stage. In the early stage, the Pentos technology and operation team built this public chain with their own consensus and dedication. Since there is no pressure from big dealers or capital, it is beneficial for Pentos to build a decentralized or weakly centralized city-state. Therefore, the mining mechanism is the main form during the project startup and in the future. Pentos’ adoption of DeFi+NFT is a boon for miners, and the benefits and prospects of mining are very favorable. [NFT was originally a relatively niche field in the crypto world. Now the combination with DeFi mining has made many market participants excited, believing that it is the next market outlet after DeFi, or can help the current liquidity mining The raging fire of the mine]
However, the future financial attributes and functions of DeFi still have many prospects for exploration, and NFT is very promising for Pentos to enter the future of collectibles, artworks and game e-sports.
Q5: The goal of Pentos public chain is to promote the development and construction of the next generation of value Internet infrastructure on a global scale. As the platform token of Pentos public chain, what role does PTS play in the entire ecology? What are the current application values of PTS?
n A5:
Pentos incentive mechanism and the superiority of PTS economics
Unlike the traditional DPOS or POS quota incentive mechanism based on inflation, the Pentos system’s incentive mechanism for super nodes is linearly related to their performance. For example, the more transactions they can handle, the higher the incentive they can get. This will promote agents to expand their user base, which in turn will bring more liquidity to the market, and encourage super nodes to upgrade and maintain high-end servers, thereby increasing TPS. The improvement of liquidity and TPS is the key to providing a good user experience for any digital/encrypted electronic currency mine and asset exchange.
v All rewards are issued from circulating Pentos, which not only improves the market liquidity of PTS, but also avoids inflation caused by incentives.
v Except for part of the market value management and basic operating reserve fund pool, the Pentos team and the foundation do not get any benefits from handling fees.
3.5 Business model and operating mechanism
3.5.1 [PTS public chain ecological platform]
PTS, the full name of Pentos public chain global ecological points, is a decentralized digital currency issued based on the Pentos public chain. It is jointly issued by the Pentos Foundation and Pentos Global Global Community Alliance. As a dedicated cryptocurrency on the chain, it can provide Centralized virtual machine to process point-to-point contracts for on-chain settlement of transaction fees and computing services;
The Pentos public chain is a global open source underlying blockchain architecture platform. It uses the Plasma framework to build a high-speed and scalable side chain on the second layer, allowing developers to build and use decentralization running through blockchain technology in the platform. Application, through smart contracts to realize the vertical and horizontal multi-dimensional expansion of distributed applications, aiming to promote the construction of next-generation Internet infrastructure on a global scale, and lay the foundation for the large-scale implementation of blockchain technology.
n Public chain performance
The Pentos public chain can support tens of thousands of transactions per second, and the throughput on the chain is 10 times that of Ethereum. It has been built including cloud computing power mining, smart wallets, centralized exchanges, decentralized finance, and DApp development. The complete ecological construction on the chain provides underlying framework support for the development of decentralized applications in multiple industries such as finance, Internet of Things, supply chain, social media, and games. At this stage, it has become an indestructible blockchain network like Bitcoin. , The mainstream public chain in the era of blockchain 3.0 that can play smart contracts with high performance and high availability.
n PTS allocation
The Pentos main chain mines a block every 5 seconds, and the output of each block is 5 PTS. There are 31.5 million seconds in a year, which means that 6.3 million blocks can be mined every year, that is, the annual output of PTS is 31.5 million per year. Pentos Foundation pre-mined 10% of the first year’s output, which is 3.15 million PTS for public chain ecological construction.
n Mining mechanism
PTS adopts the PoW incentive mechanism, which can obtain bookkeeping rewards through mining, that is, a certain amount of PTS. The specific mining reward rules are as follows:
I- Pre-mining:
The number of pre-mined PTS is 3.15 million, rewarding developers and teams who have provided projects in the community and maintained the PTS ecology in the past two years.
II- PoW Mining
Computing power lease mining: In 2020, PTS only supports computing power mining, which can be pledged through tokens and lease computing power mining machines to produce blocks; PTS cloud computing power lease service is a cooperation with well-known mining pools and exclusive participation in PTS blocks For chain project mining, with its computing power leasing service, users can earn the PTS mined by the corresponding computing power by purchasing computing power contracts, freeing users from the trouble of purchasing mining machines and deployment, achieving low threshold and low-risk enjoyment PTS currency price is expected to increase welfare.
Hardware mining machine mining: starting from mid-2021, taking into account the dedicated chip mining machine to mine with PoW.
Q6: After talking so much, it is worth looking forward to feeling the value prospects of the Pentos public chain. Then I would like to ask everyone the most concerned question, what is the current economic model of PTS? How do we need to participate in mining to earn PTS efficiently?
A6:
Finance is composed of two core elements: resources and wealth, and resources and wealth are interconnected and transformed. Therefore, finance is an effective grasp of resources and opportunities, and a series of management actions implemented to maintain and increase wealth. In short, in order to obtain and own wealth, it is necessary to integrate resources and seize opportunities to transform into wealth; to make assets and wealth sustainable and value-added, it is necessary to avoid excessive opportunity costs or excessive selection costs. This is the management of risk.
1) The first law of wealth source code: innovative value
The attitude towards resources and opportunities is “innovation.” Since finance is defined as the best and most effective allocation of scarce (or even unfamiliar) resources, look for industry outlets to grasp the general trend of wealth, and find windows of opportunity to grasp the entry point And the resource platform is a very important source of wealth. For example, in 2008-2009, if you recognize that the blockchain is the biggest dividend outlet of the times, and you know that Bitcoin is the entry point for digital assets, you can become a billionaire with only 1 yuan. Therefore, there is a famous saying on Wall Street: The biggest risk in the world is that there is nowhere to invest.
2) The second law of wealth source code: risk management
The treatment of resources and opportunities requires the use of blockchain investment ideas, abandoning the traditional “centralized” thinking and gambling mentality, and the grasp of opportunities and investment requires the awareness of modern fund management and the implementation of distributed asset allocation. This way, avoid putting all your eggs in one basket. Risk management occupies an extremely important position in finance, risk is valuable, and good risk management can protect and create wealth.
3) The third law of wealth source code: time value
The growth of any industry requires the accumulation of time. The time nodes at each stage are rich in value. The total value is composed of countless cognitive nodes. During the spiral change of asset prices, it will appear at every stage. Different price levels, not the price phenomenon of the “elevator mode” model (straight up and down). On the abscissa of time, the length of time is directly proportional to the height of the value. There is a classic case in finance. If in the era of Emperor Caesar in Europe, one Roman gold coin is used to invest, accumulatively invested at an annual interest rate of 3%. To this day, this investment The total wealth generated can buy the world.
4) The fourth law of wealth source code: market value management
Due to the diversification of investment asset allocation, the growth cycle and growth potential of different assets are different, and the number and types of asset allocations need to be appropriately adjusted to ensure asset safety and allocation efficiency. Therefore, this adjustment and configuration is called market value management.
Understanding the above-mentioned mystery of wealth is very beneficial for us to recognize the blockchain and digital economy, to recognize the assets, income and wealth in the digital economy, and to recognize the path of digital wealth. Pentos economics is based on classic financial principles, which constitute Pentos’ business model and economic tools.
Q7: At present, blockchain technology and cryptocurrency have gradually entered the public’s field of vision. Blockchain has been listed as a national strategic priority. In addition, this year CCTV reports that the benefits of cryptocurrency far exceed the current mainstream investment products, and the entire industrial ecology can be It is said to be Xinxin Xiangyang, and I would like to ask Dr. What do you and Pentos public chain think about the development prospects of the encryption industry? How will you maintain long-term competitiveness in the future public chain application dispute?
A7: Enabling the “chain reform-digital innovation” of the real economy; and creating more application scenarios in life, finance, commerce, services and public welfare
Q8: There are many community fans at the scene who are very enthusiastic about the Pentos public chain project. I would like to ask the doctor, what are your major strategic deployments next? Can you tell me in advance?
A8: TBA
Q9: At the end of the day, as an explorer and innovator of the blockchain industry, at today’s event, do you have anything to give to our fans and friends?
A9:
1) Don’t reject it easily, let alone give up easily. This is not speculation, this is the outlet, this is the dividend of the times;
2) Establish correct cognition and recognition ability, and don’t be swallowed up by huge profits and greed of your humanity and wealth;
3) Don’t idolize people excessively, but constantly improve yourself and perfect others
3) Distributed investment, phased layout
4) Participate, learn, act, help, and integrate (consensus)
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