THE COIN COUNSEL

Binance,cryptocurrency exchange , signed an MoU with Busan, South Korea, to help the city develop its blockchain industry ecosystem and promote the Busan Digital Asset Exchange, Binance said in announcement Friday 26/12/2022. The Memorandum of Understanding (MoU) with Busan includes several services and technological help. Binance will provide Busan with technological and infrastructure support for the development of the city's blockchain ecosystem, promotion of the Busan Digital Asset Exchange and order book sharing. Binance will use Busan's blockchain regulatory-free zone to promote blockchain initiatives and businesses, and provide specialized blockchain education and online resources from  Binance Academy. Binance said that it will a presence in Busan by the end of the year.

Satoshi Introduction Decentralization of the Public Chain Since the emergence of the Ethereum smart contract, public chain projects have carried out various innovations worldwide. Still, these innovations revolve around the technology itself, while optimizing for the authority is degrading. Ethereum is gradually transitioning from PoW (Prove of work) to PoS (Prove of Stake) to solve the performance and scalability. Other public chains are either PoS or on the way to PoS or lost in PoW inefficiency. The most important revolution of Bitcoin is decentralization, decentralization of authority. However, PoS brings authority back to centralization, and authority monopoly has become a capital game. Take Ethereum as an example, when the pledge of ETH obtains the authority, the capital will do its best to accumulate ETH to monopolize computing power and become the monopoly of Ethereum, and this monopoly is unbreakable. Authority and interests are constantly being strengthened with...