The second quarter of 2020 may be a turning point in the development of Ethereum Decentralized Application (DAPP). According to the DAPP Market report released by SPAM - please report ! D, in the second quarter of 2020, the cumulative number of active users on DAPP developed based on Ethereum exceeded 1 million in a single quarter, in which DeFi growing the fastest.

On July 21st, DeFi's total market capitalization passed the $10 billion mark. Furthermore, the capitalization increased to $11.5 billion in two days. Since its release in 2019, DeFi Wallet has been far ahead of other wallets in terms of user usage and growth rates. Following the release of the Compound Liquidity Mine in June, the DeFi Wallet market exploded in user numbers and transactions, the wallet downloads now exceeding 5,000.

In fact, DeFi has caught investors' attention in a short time is because it has a strong consensus based on Ethereum development. On the other hand, it also solves the pain points of lending and asset management in the digital currency field.

In terms of digital asset lending, aside from DeFi, Aave has recently received a lot of attention from investors as a currency market protocol based on Ethereum. Similar to Compound, the lenders keep assets in pools of shared contracts for liquidity, and borrowers are free to withdraw assets from those pools with unlimited term limits through excess collateral. Variable rates paid to borrowers are calculated based on the availability of borrowed money at a given time, and how much a lender can withdraw depends on the balance of unborrowed assets remaining in each pool of contracts.

Since ETHLend, the peer-to-peer lending platform was closed, Aave's subscriber growth phenomenal, the outstanding debt * ($33 million), and the assets under management ($275 million) have respectively risen by 93% and 81% in a month. So far, it supports 25 types of asset lending, compared with nine for Compound and six for MakerDAO. As of July 13, the individual borrowers of Aave already surpass Compound.

The reason for Aave's rapid development is closely related to its fast-iterative products. It successively increased the flash loans, "fixed-rates", in addition, it has borrowed Uniswap LP shares as collateral. More recently, it has been designing a system called Trust-Line that can be overlaid on top of the Aave protocol to offer a new unsecured product. The idea of an unsecured loan attracted the attention of the capital markets. The Aave team recently announced strategic investments from Framework Ventures and Three Arrows Capital, a significant move that will not only drive Aave's rapid growth, but also drive the Ethereum price higher.

On July 23rd, the company's beacon chain client Nimbus officially launched a security review, plus news that Defi's market value exceeded $11.5 billion and that Aave users surpassed Compound usage, pushing Ethereum up 9 points today. "This is just the beginning for the Ethereum rally," said BitOffer's Chief analyst, Lucian. "As the price will climbing more than tenfold in the future, currently it's the perfect time to invest in Ethereum."

However, buying BitOffer's Ethereum ETF Ethereum is better than buying a future, in which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times. If Ethereum succeeds in a 10-fold rise, the Ethereum ETF would be up to 170 times. Therefore, if you invest $10,000 now and Ethereum grows tenfold in the future, your ETF assets will become $1.7 million. At that point, you will have truly achieved financial freedom and reached the top of your life.

Yes indeed, with the equity proof mechanism - POS, Ethereum could be able to deal with denial of service attacks and other economic responses by service abuse, though it has to deal with time-consuming. Furthermore, Shard chain places data processing between many nodes, which is more helpful for verifying information and speeding up transactions, and would increase the throughput of Ethereum by 64 times.

Yes indeed, with the equity proof mechanism - POS, Ethereum could be able to deal with denial of service attacks and other economic responses by service abuse, though it has to deal with time-consuming. Furthermore, Shard chain places data processing between many nodes, which is more helpful for verifying information and speeding up transactions, and would increase the throughput of Ethereum by 64 times.

Indeed, now we should focus on when is the next bullish. Last halving takes months to pump up, this time we could see if there is the miracle by the end of this year.

Now it is the time to trade put option.

As the price is going ups and downs these days, I think it will reach 10k again, the point is will it be staying upward

On June 29, Ethereum 2.0 Altona V0.12 beta was officially launched. Currently, Prysm, Teku, Lighthouse, and Nimbus have been tested and if all goes well, Ethereum 2.0 will launch in November, which is great news for the ETH owners. As Ethereum 2.0 is about to launch, the ETH related derivatives could be on the verge of a new breakout point, meanwhile, the numbers of call options soaring about 1,000%.

Similar to the current multi-client test network, Altona could be considered as a developer network than an end-user-centric test network. Ethereum developers still refer to Altona as "devnet" because it is primarily used to eliminate bugs in multi-client Settings and fundamental network synchronization issues, and with the completed of 2.0 upgrade, there will effectively prevent the blockchain fork.





Compared to Ethereum 1.0, there are two new features in Ethereum 2.0

The first one is the equity proof mechanism, POS.
From 1.0, the Ethereum’s mechanism is POW (proof of work), which is a consensus mechanism for workload proof. With it, Ethereum 1.0 could be able to deal with denial of service attacks and other economic responses by service abuse, though it has to deal with time-consuming. However, the POS is different. The POS goes faster and efficiently to verify the number of ETH pledged by the node, which to determine the equity interest obtained.

The second is the Shard chain.
Currently, Ethereum 1.0 uses a single chain based on security. Compared with the single chain, the shard chain places data processing between many nodes, which is more helpful for verifying information and speeding up transactions. According to the test reports released by Ethereum, the Ethereum single-chain should be split into 64 different shard chains, which would increase the throughput of Ethereum by 64 times.

Regarding the test, the Ethereum #DevelopmentTeam  said that Prysm, Teku, Lighthouse, and Nimbus will allow the release of the deposit agreement address to the public to participate when it is completed.

Recently, Talky, the developer of Ethereum Technology, released a report about Ethereum 2.0 staking ecosystem. According to the survey of 287 Ethereum holders, 32.8% of the surveyed users intend to run their verification node, 33.1% intend to use a third-party staking service, and only 2.8% do not intend to stake. This shows that the MAJORITY of ETH currency holders understand the staking reward of Ethereum and are willing to participate in POS mining, which also reflects the ETH currency holders' optimistic about the future value ETH, which will undoubtedly contribute to the high price of ETH.

For the Ethereum 2.0 upcoming news, BitOffer institute predicted that in the future, after a while, there will be a derivatives flashpoint associated with ETH relative products. Especially the ETH call options, with smaller funds can embody the dozens and hundreds of times of profits, which is truly a huge temptation for investors.

Since the launch of the ETH options, {BitOffer Exchange} has attracted numerous investors to participate. There plenty of investors have gained hundreds or even thousands of times of the principal through a few dollars. The charm of the option itself is the high return under a very low risk which with only a few dollars cost.

Since the Ethereum team released version 2.0 tests, the number of ETH call options has increased by 1,000% in recently. According to BitOffer Exchange, it is worth noting that not only institutional investors, but also individual investors are following up with a large number of ETH call options. Some agency’s representatives said the expecting price of ETH could rise to more than $1,000 after the 2.0 upgrade.

As the old saying goes, “a wise man is always seizing the chance and turning it into success.” Therefore, when the opportunity comes, we should be aware and grasp it as soon as possible to harvest our wealth.

The cold wallet would be the safest one for Bitcoin.
You could choose to write down the code(a little bit inconvenient though) or keep it on your hardware wallet may helps.