# Blockchain İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "Blockchain" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

Blockchain Capital Partner: Most People Have a Narrow Understanding of the On-Chain Economy

Author Spencer Bogart, a partner at Blockchain Capital, argues that most people have a narrow view of the on-chain economy, seeing it primarily as a faster, cheaper version of existing financial systems. While this represents a significant opportunity, he believes it's only a small part of the story. Bogart compares the current state of crypto to the early internet, where email was the obvious "faster mail" application. The truly transformative categories—like search, social media, and cloud computing—were entirely new and unimaginable beforehand. Similarly, the most profound innovations in crypto will not be incremental improvements but entirely new categories enabled by the core properties of public blockchains: atomic execution, shared global state, programmable custody, and composability. He cites the "flash loan" as a prime example of a "new verb"—a financial action structurally impossible before programmable assets and atomic settlement. It allows for uncollateralized, trustless borrowing of any size, provided repayment occurs within the same transaction, enabling novel strategies like arbitrage and collateral swaps. Bogart admits the difficulty in precisely predicting these future innovations, as human imagination tends to extrapolate from the past. He posits that the most exciting applications in ten years will be things that don't exist today and have no precedent—products only possible in a global, composable, always-on environment with programmable assets. While the exploration of this vast design space will involve many failures, the potential for transformative, category-defining breakthroughs is what makes the next decade so promising.

链捕手3 saat önce

Blockchain Capital Partner: Most People Have a Narrow Understanding of the On-Chain Economy

链捕手3 saat önce

a16z Crypto: A Guide to the CLARITY Act for Crypto Entrepreneurs

The CLARITY Act, a bipartisan crypto market structure bill, has advanced through the Senate Banking Committee, marking a potential historic shift in U.S. digital asset regulation. For years, a lack of clear rules has stifled innovation, pushed development overseas, and exposed consumers to risk. This bill aims to establish a comprehensive framework, providing long-needed regulatory clarity for blockchain networks and digital assets. It builds upon previous legislative efforts like FIT21 and the House version of CLARITY, which gained strong bipartisan support. CLARITY is crucial because it recognizes that blockchain networks are fundamentally different from traditional companies. Networks operate through decentralized, shared rules rather than centralized control. Applying corporate legal frameworks to networks forces them into a centralized model, concentrating power and value. In contrast, decentralized blockchain networks can function as user-owned public infrastructure, distributing value more equitably among participants. The bill seeks to enable the safe launch of networks in the U.S., clarify regulatory jurisdiction between the SEC and CFTC, oversee crypto exchanges, and enhance consumer protections. Its passage would align U.S. law with the nature of decentralized technology, allowing builders to operate transparently and fund projects domestically without structural compromises due to regulatory uncertainty. Similar to the positive impact seen after the stablecoin-focused GENIUS Act, CLARITY could unlock a new wave of innovation, helping the U.S. reclaim leadership in the crypto space while combating fraud and abuse.

链捕手2 gün önce 04:49

a16z Crypto: A Guide to the CLARITY Act for Crypto Entrepreneurs

链捕手2 gün önce 04:49

A Century Before Swift and Blockchain, China Built Its Own Cross-Border Financial Network

A century before Swift and blockchain, China's cross-border financial miracle: The Qiaopi Network. Driven by the phrase "a promise is greater than life," the Qiaopi (overseas Chinese remittance letter) system was a remarkable, entirely private financial network. Operating for over a hundred years until 1979, it facilitated billions in remittances, at one point constituting over 50% of China's foreign exchange during WWII—all without central banks, official clearing, or government backing. It began with "Shuike" (water guests), couriers who carried cash and letters personally between Southeast Asia and Chinese villages like Chaozhou. Their operation was peer-to-peer, identity-verified through kinship, and had a near-zero default rate, as trust was their sole collateral. This evolved into "Piju" (remittance houses), creating an institutional network. They ingeniously used currencies like the Hong Kong Dollar for settlement and practiced netting clearance, offsetting remittance flows against trade payments to minimize physical cash movement. Its resilience shone in wartime. When Japanese forces cut off main routes, the network forged an underground "Dongxing Remittance Path" through Vietnam. It used coded messages ("a bag of rice" for a sum of silver) to evade interception, reliably delivering funds critical for survival and even clandestine support for the war effort. Unlike Swift (built on state cooperation) or blockchain (relying on cryptography), Qiaopi was founded on clan,乡土 (native place), and human trust—a cultural consensus where违约 meant social death. Modern finance compensates for this lost trust with complex collateral and regulation. The Qiaopi network, powered only by sailing ships, familiar accents, and profound integrity, achieved a feat of decentralized, cross-border finance that remains unparalleled—a poignant story of信用 (trust/credit) in its purest form.

marsbit05/15 04:04

A Century Before Swift and Blockchain, China Built Its Own Cross-Border Financial Network

marsbit05/15 04:04

Circle's Second Growth Curve: After the $222 Million ARC Financing, CRCL or ARC?

Circle, the issuer of USDC, announced that its new public blockchain Arc completed a $222 million private sale for its native token ARC, with the network's fully diluted valuation reaching $3 billion. The funding round was led by a16z crypto, with participation from major institutions including BlackRock, Apollo, and ICE. The article explains Circle's rationale for building its own L1 blockchain, Arc. Existing chains like Ethereum and Solana are seen as lacking native support for large-scale institutional needs, such as regulatory compliance, predictable transaction costs, and asset issuance/redemption workflows. Arc is designed to fill this gap as a foundational layer for the on-chain economy, moving beyond Circle's reliance on USDC reserve interest for revenue. It details the dual-token model of Arc: USDC serves as the stable gas token for predictable transactions, while ARC is the network's native asset used for staking in the planned transition to Proof-of-Stake, governance, and aligning long-term incentives among participants. ARC's total supply is 10 billion, with 60% allocated to ecosystem development, 25% to Circle, and 15% to a long-term reserve. All protocol fees are converted to ARC, with portions burned and distributed to stakers. The piece contrasts the value proposition of Circle's public stock (CRCL) and the ARC token. CRCL captures the company's core cash flows from USDC interest and other business lines. ARC captures the growth potential of the Arc network itself. While legally separate, network success benefits both: it drives USDC usage for Circle and increases the value of its 25% ARC holding. Finally, it outlines participation avenues for retail users, primarily through the Arc House community and testnet activities, while noting the competitive landscape with projects like Canton Network and Plasma. The article concludes that Arc's success hinges on attracting real institutional activity post-mainnet launch, scheduled for Summer 2026.

链捕手05/14 13:53

Circle's Second Growth Curve: After the $222 Million ARC Financing, CRCL or ARC?

链捕手05/14 13:53

Bitwise: Why Are Top-Tier Capitals Frenziedly Betting on New Public Blockchains? The Answer Lies in These Three Points

Recently, a wave of major funding announcements for new public blockchains like Arc, Canton, and Tempo signals a significant industry shift. This article analyzes the driving forces behind this surge. Firstly, regulatory clarity is a key catalyst. These massive investments, including Circle's Arc ($222M), Digital Asset's Canton ($300M), and Stripe's Tempo ($500M), all followed the US passage of the *Genius Act* in July 2025. This suggests that clear legislation is unlocking institutional capital. The anticipated, broader *Clarity Act* could further accelerate growth, particularly in tokenization and compliant infrastructure. Secondly, built-in privacy is emerging as a critical design feature. Unlike Ethereum or Solana, these new chains natively support confidential transactions. This directly addresses real-world business needs, where public transparency can be a liability for corporate dealings or personal salary data, making privacy a potential killer application. Finally, the entry of traditional giants marks a new competitive phase. These projects are backed by major firms: Arc by Circle, Canton by a consortium including Goldman Sachs and Nasdaq, and Tempo by Stripe with partners like Visa. While crypto-native projects remain strong contenders, this institutional involvement brings substantial capital, execution capability, and operational rigor. In conclusion, the convergence of regulatory progress, demand for privacy, and competition from established financial and tech players is rapidly reshaping the blockchain landscape, pushing innovation and expanding the industry's boundaries.

marsbit05/14 09:20

Bitwise: Why Are Top-Tier Capitals Frenziedly Betting on New Public Blockchains? The Answer Lies in These Three Points

marsbit05/14 09:20

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