CVNT: 2021 New Trend in Blockchain Industry

In the blockchain industry, we must see the future before others.

BTC has risen to the highest point in history, and now it is not suitable for us to take a heavy position.

From the perspective of investment, investment based on fundamentals is the kingcraft investment, which is the psychological cornerstone for people to face short-term fluctuations and remain firm, so that the explosive power of BTC, ETH, LTC, dot, uni, etc. in the bull market will not be ignored. The impact of fundamentals on the secondary market price can only be exerted in the bull market stage.

So what are we going to invest next to create more profits for us?

The answer is to refer to what organizations are laying out.

Recently, with the head application RR dVod coming online soon, and the airdrop transformation of the original Internet project, YYeTs has accumulated “capital” in 16 years, including 20 million active users and data pools, tens of thousands of part-time translators from all over the world, and nearly 100000 translation lovers.

The overall development progress of CVNT conscious value network is relatively optimistic, and the future has become more and more clear. Many institutional investors around them regard CVNT as a rare opportunity and focus on the layout.

Blockchain project is the competition of capital in the final analysis. For ordinary people, opportunities will only appear in the earliest stage, only when a large amount of funds do not enter the market in batches. The CVNT storage mining and RR dVod content distribution mining, which will be started soon, are likely to give birth to a number of new rich people in the coin circle

Opportunities are fleeting. Considering that CVNT is also an old public chain project, I will not elaborate on the background of the project and the whole storage public chain track in the following contents. I will deconstruct the currency price rise and appreciation logic most concerned by everyone from three perspectives: the fundamentals of the project, the head application RR dVod and the value capture of CVNT token.

CVNT: 2021 New Trend in Blockchain Industry

CVNT conscious value network (hereinafter referred to as CVNT) is committed to solving the problems of low performance, poor security, high development difficulty and excessive dependence on service charges of existing blockchain applications, and realizing the performance expansion and decentralized storage of distributed applications. The newly upgraded “VRF consensus main chain + PoST+ double chain structure” runs perfectly in the main network released by CVNT in the middle of last year, establishing a high scalability, high performance and stable underlying storage architecture. Based on the new consensus algorithm, the block speed, success rate, delay, server cost and scalability cost of CVNT’s main network greatly surpass those of the same kind of public chain. In addition, there are many innovations in the way of technology development, which jointly support the positioning of “distributed database cloud + BaaS platform” and the realization of related functions.

Compared with Filecoin, which also uses the consensus of PoST, CVNT main network goes online earlier. At present, the block height is nearly 50 million, TPS / CTPs is more than 50000, and 100 super nodes are supported. On the basis of inheriting the existing mature scheme, all the advantages of PoST are realized by superposition, and the current technical dilemma of Filecoin is broken down one by one. Compared with the long project cycle and huge goal setting of Filecoin, CVNT pays more attention to the large-scale implementation of commercial level decentralized applications, supports the current Internet projects migration and traditional entity enterprise asset digitization, including the integration of baas technology into its own business.

RR dVod is a decentralized and innovative video network system deployed on the CVNT value conscious network, which carries 20 million users of YYeTs to deploy on the chain. The product system covers three functional modules: video content player / distribution / search, high-quality content investment and equity, and distributed DSN.

Because of the extraordinary competitiveness of RR dVod, many people think that CVNT is likely to become a big Mac project in 2021. In addition, from the recent situation, the most difficult part in the development of CVNT is close to completion. In the Q1-Q2 roadmap released in January, we can see the four major update plans of CVNT. Each of these updates points to the huge market of billions of dollars, reflecting the high thinking of the project core team on the implementation and evolution of blockchain technology in the past two years. These include:

 

(1) Evolving the pest consensus

Build general level decentralized (distributed) storage infrastructure

The essence of blockchain is distributed and decentralized. One of the bottlenecks in the development of blockchain is the distributed storage capacity. Especially for most basic public chains, how to store a large amount of data in their main chain is an urgent problem. The future distributed application (DAPP) wants to become a super application widely used by the public, it must also solve the storage problem. Therefore, the distributed storage of CVNT is likely to become the infrastructure of the future blockchain industry, which brings us huge imagination.

 

(2) Redefine the operation mode of erc20

IPFS and Filecoin adopt the post storage capacity consensus algorithm to realize the main storage chain, but it is almost impossible to achieve good integration in terms of smart contract and virtual machine. CVNT introduces a multi language supported smart contract virtual machine to realize a function similar to “bridging”, that is, CVNT is allowed to run smart contracts of other blockchain projects, and other blockchains are also allowed to run smart contracts of CVNT.

 

(3) The next generation of smarter smart contracts

CVNT’s smart contract is an extremely secure and stable next generation smart contract, which extends and supports new business application level functions such as NFT’s registered assets, and fully supports decentralized applications to protect privacy. This will enable CVNT network to support the requirements of many enterprise level blockchain applications, which is an extremely broad blue ocean market.

 

(4) Improve the scalability of the underlying public chain and avoid hard bifurcation

CVNT VRF consensus main chain relies on the random algorithm with little computation and almost no delay. In terms of scalability, the algorithm can make a great breakthrough. At the same time, only one block with the highest priority is notarized every time, which means that the blockchain will hardly bifurcate. Based on this, if new technology appears in the future, it can be easily added to the CVNT system, which is conducive to the upgrade and iteration of the system.

To enjoy the sweet asset growth brought by high-quality digital assets now is the result of “fundamental investment is kingly investment” and taking investment actions accordingly when there is panic in bear market.

Therefore, from the framework of CVNT and the current operation of the main network, we can see the determination and courage of the team to open up the era of public chain 3.0. Every step is steady, willing to invest resources for the technical vision, and the promised technical milestone never jumps. It is a real basic strong project.

20 million users have joined CVNT. The future is beckoning to you. What are you waiting for?

scroll to top