China News Official Today TheBitTimes.com

Author: Web3 Characters Original link: https://mp.weixin.qq.com/s/lKmEqyA9LUl3MHt1vk0DPw Can you briefly introduce yourself? Hello, I am Hong Shuning, the author of China’s first Bitcoin research paper. I graduated from the Department of Computer Science at Tsinghua University and have worked for a long time at the Nanjing branch of the People’s Bank of China. In recent years, I have served as the Deputy Director of the Fintech Research Center of Suning Financial Research Institute, Dean of the Shanghai Jin Qiu Blockchain Research Institute, and a senior blockchain expert at CCB Fintech. Can you share how you entered the cryptocurrency circle? In 1992, after graduating from the Department of Computer Science at Tsinghua University, I have always worked in the IT and finance fields. I worked for the Nanjing branch of the People’s Bank of China for a full 20 years, during which I was involved in various fields, including payment clearing and credit management. In 2011, when I was working...

OP Labs has successfully integrated its modular, fail-safe system into the OP Goerli testnet. In a recent blog post dated October 3rd, OP Labs, the brains behind the Optimism network, proudly announced the launch of a testnet version of their fault-proof system. Once this rigorous testing phase concludes, it promises to usher in a more decentralized and highly efficient Superchain ecosystem. The newly developed system is currently in deployment on the Optimism Goerli network. Historically, OP Stack-based networks have relied on centralized sequencers for bundling transactions and submitting them to Ethereum. However, this reliance on a centralized entity posed a potential vulnerability. Users lacked the ability to counteract fraudulent submissions by the sequencer if it happened to present inaccurate data. This created a worrisome scenario where malicious actors could potentially confirm fraudulent transactions if they gained control. L2Beat, in a report on Optimism, has raised red fl...