PlugChain

  On June 28, 2023, PlugChain and .Bit officially announced their strategic cooperation, aiming to deeply establish a presence in the blockchain domain ecosystem. This collaboration signifies the joint efforts of both parties in building a business ecosystem encompassing community, incubation, technology, and ecology, providing more support for the development of the public chain ecosystem. .Bit, Cross-chain Web3 identities for you and your community.A project focusing on the blockchain domain niche, was launched in July 2021. In 2022, the project successfully raised $13 million in Series A funding and has since expanded its operations to multiple mainstream public chains, including Ethereum, BNB Chain, Tron, Nervos CKB, and Polygon. In the future, .Bit plans to further expand its coverage to include other major public chains such as Ethereum, Polkadot, and Solana to meet the diverse needs of users. As we know, blockchain domains are one of the significant applications of blockchain te

PlugChain block height has exceeded 10,000,000！   We extend our gratitude to all the nodes, users, developers, and community members who have contributed to the network and community. Thank you for all your efforts and contributions to this network and community. Let us look forward to more exciting milestones in the future!  About “block height”: “Block height” refers to the numerical identifier of a block. To illustrate with an example of a ledger, suppose we have a ledger with 100 pages, and we want to view the contents of page 50. In this case, the “block height” of that page would be 50. Therefore, “block height” serves as the latitude and longitude of the blockchain, providing a coordinate for each block. By using block height, we can accurately describe the position of a block on the chain. It is important to note that the Bitcoin wiki describes the genesis block as follows: “A genesis block is the first block of a block chain. Modern versions of Bitcoin number it as blo

The Essence of Oracles: Providing Solutions for Data Trust in Web3.0. Introduction: Oracles have proven to be indispensable in various domains such as insurance, finance, random prediction, and the Internet of Things. As an extension of blockchain, oracles serve as trusted bridges between on-chain and off-chain worlds, enabling the integration of value ecosystems. In the narrative of Web3.0, oracles will continue to play a key role in addressing data trust issues. Unveiling the Past and Present of Oracles. The term “oracle” originates from the Latin word “oraculum,” meaning a divine pronouncement or prophecy. In the context of computing, the concept of an oracle was first introduced by Alan Turing, the father of computer science. Turing incorporated an entity called the “oracle” into his theoretical Turing Machine, forming the concept of an “Oracle Machine.” The oracle, in this context, refers to an entity that can answer a specific set of questions, providing information to a

Introduction: In recent days, two of the world’s largest cryptocurrency exchanges, Binance and Coinbase, have been sued by the SEC, and more than ten mainstream cryptocurrencies have been classified as securities and brought under SEC regulation. As a result, Bitcoin’s price plummeted over 5% within 24 hours of the news, breaking below the $26,000 mark. BNB also experienced a decline of over 10%, falling below the $300 mark. Other mainstream cryptocurrencies such as ETH, LTC, and XRP also saw varying degrees of decline. Behind the SEC aggressive crackdown lies a pursuit of power. On the evening of June 5th, Binance Holdings Limited (hereinafter referred to as “Binance”), a leading cryptocurrency exchange, and its CEO, Changpeng Zhao (CZ), were sued by the U.S. Securities and Exchange Commission (SEC) on allegations of violating securities trading regulations. This comes as another legal action against Binance and CZ, following their previous lawsuit by the U.S. Commodity Futures Tradin

  Dear PlugChain Community: Hello everyone! Today we are pleased to present the monthly report for PlugChain in May. Let’s take a look at the new developments that took place during this month! Operation 1.On May 10th, PlugChain organized a themed event called “memecoin,” where participants had a chance to win 2000 PC coins by guessing the answers to certain questions. 2. On May 11th, Very5 launched its first Airdrop campaign. By following the Very5 official account and replying with the keyword “Airdrop” , participants had a chance to win 5000 PC coins. Very5 is an NFT platform focusing on Web3, built on the PlugChain public chain. It features cutting-edge technology, low gas fees, secure transaction scenarios, and a smooth and convenient user experience. 3. On May 12th, PlugLabs, a subsidiary of PlugChain, entered into a strategic partnership with DreamPad. DreamPad is a trusted and secure platform that supports AI, Web3, and Metaverse projects across multiple blockchains. The two pa