CVNT is about to set off a bull market carnival – Through the transformation of 20 million users of RR dVod

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Singapore, January 14, 2021, ZEXPRWIRE, The most painful anxiety at the moment is the Bitcoin’s rapid development has nothing to do with myself. This is a true portrayal of most individual investors.

Bitcoin fell to more than US $3000 in March, 2020, but it broke through US $4000o now, reaching a record high; Ethereum opened Beacon chain and entered the era of 2.0; Liquidity mining opened up the new world of DeFi, with a staking volume of more than US $20 billion, more than ten times higher than last year; Polka entered the peak period, challenging the position of Ethereum; Traditional financial institutions entered the encryption industry, strongly “pulling the plate”; The head miner scrambled for power and profits, with domestic and foreign troubles; Filecoin repeatedly jumped tickets, and the main network was delayed.

The magic year 2020 has finally come to an end. Surprisingly, the third bull market may have come. Investors, industry workers, miners, exchanges and investment institutions are all ready for this bull market.

The bull market is coming, which means more investment opportunities. The digital money market is heating up, and Bitcoin is leading the rise.

From a macro perspective, the blockchain industry is constantly iterating. At present, there are opportunities everywhere in the fields of decentralized storage, DeFi, NFT and stable currency. Some vertical projects accumulated in the Internet era are also developing in a better direction. These are good signals.

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.

Recently, with the application RR dVod coming online soon, it has transformed the “capital” accumulated in 16 years of YYeTs, the original Internet project, 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 awareness value network is relatively optimistic, and the future has become more and more clear. Many institutional investors regard CVNT as a rare opportunity and focus on its position.

In the final analysis, the projects of the industry are the competition of capital. For ordinary people, opportunities 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 industry.

01 2021 encrypted fresh air CVNT

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 space-time proof + 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 and server cost, 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 project 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 network, which carries 20 million users of YYeTs to deploy on the chain. The product system covers three functional modules: video content player / distribution / 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 deep thinking of the project core team on the implementation and evolution of blockchain technology in the past two years.

These include:

1) Evolve the consensus of PoST to build a 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.

Now we can enjoy the asset growth brought by high-quality digital assets, which is the result of the panic in the bear market when we choose to believe that “fundamental investment is kingly investment” and take investment actions accordingly.

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.

02 Why can CVNT token ignite collective carnival?

From the above analysis of the positioning and top-level design of CVNT value network, it is not difficult to see that CVNT creates a value network of distributed storage and video (content) transmission composed of many user nodes (hubs).

In particular, the technical value of head application RR dVod corresponds to the commercial market scale, which brings huge predictable space.

CVNT has the potential of revolutionary blockchain infrastructure that is really used by people, so it will also burst out with inestimable economic value. So, in the next year or so, how far can CVNT run in the golden track of public storage chain and video blockchain applications, and will the potential dividend of its token usher in a full-scale outbreak?

If we want to answer this question well, we need to think about the four fundamental factors behind the project, namely the head product, token circulation, landing field, and economic model, which affect the valuation of digital currency.

First, RR dVod breaks the zero sum game in industry

This year, blockchain has become the focus of global attention. Application landing has become the only way to highlight the value of blockchain. After more than ten years of trial and error, blockchain is now on the eve of application explosion.

RR dVod is the most significant substantive product of CVNT network in the application of blockchain.

On the one hand, video, software, music, pictures, games and other third parties who need network resources can easily access, use and deploy on RR dVod, enjoy the convenience of ecology and become the builders of ecology.

On the other hand, RR dVod provides massive distributed storage space, high quality of service (QoS) and encrypted data transmission services. At the same time, it uses DHT (distributed hash table) to achieve complete decentralization. Users with computers, mobile phones and TV boxes can join it, which has a good user experience. In RR dVod file transfer network, any content creator can upload his own works. Users can browse and search through RR dVod to find and download data in CVNT network. After more and more people visit, the works of content creators will be saved by multiple devices, and these devices begin to seed the works of content creators, just like BT seed, which is well known to us, so the works of content creators survive in countless devices.

Based on users’ high-frequency rigid demand for content, RR dVod will quickly have many high-quality digital asset users. In the process of high-speed promotion of CVNT network coverage, RR dVod will become the highest quality user flow pool in the blockchain market, which will make CVNT token more advantageous in commercial extension and extension.

Correspondingly, through CVNT token, RR dVod can better collect and summarize bandwidth and storage resources, intelligently schedule to serve all enterprise end users with demand in an optimal form, and quickly obtain scale economic benefits by taking advantage of the advantages of token economy in transparency, trustworthiness and incentive. RR dVod will bring CVNT a circulation scenario beyond the current mainstream public chain, provide real value support for landing profitable business, and make it unique in terms of liquidity and deflation effect.

Second, the consumption of network resources leads to the increasing demand for CVNT token.

The core function of CVNT network is the general level blockchain distributed database cloud + baas platform, and realizes the revolutionary subversion of the traditional video network industry.

CVNT is undoubtedly worthy of affirmation in terms of development progress. At the same time, according to the roadmap released by project 2021, the blockchain database platform, cloud development and modularization platform, and smart contract with consideration of privacy protection are steadily advancing. In addition, the performance and innovation advantages of CVNT network are conducive to the development and implementation of large-scale applications. The more users, the greater the consumption of resources, the more CVNT tokens the B side needs. Therefore, the B side will be more willing to buy CVNT tokens to stimulate demand.

In other words, the price of CVNT token is based on the relationship between market supply and demand. With the large volume of transactions in the main chain, the demand for the use of the token is large. In addition to the innovative destruction mechanism, the circulation of the token will be less and less, resulting in the total market volume lower than the demand. From the perspective of investment, there is a clear scarcity.

Do you think the investment logic of CVNT token is very similar to that of real estate? They have both use value and investment value, both of which affect the price trend together, and the investment demand is dominant.

CVNT token has shown good investment value at the present stage, and may be higher in the future. Just imagine that a group of super applications with a large number of users like RR dVod have been born on the CVNT network. By then, what will be the value of your CVNT token? 

Third, distributed finance, the “Holy Grail” of blockchain

From the current point of view, the financial sector is the easiest and most important area for blockchain to break through, which is naturally related to the attributes of blockchain. Therefore, in addition to RR dVod, distributed finance is another major landing scenario of CVNT, such as lending, futures contracts, stable currency, exchange, investment, insurance, etc. based on CVNT network.

CVNT supports the way of blockchain + Internet to incubate projects and issue coins. In short, it is to upgrade the star projects with tens of millions of users on the Internet to distributed financial blockchain projects and issue tokens on CVNT.

In this way, CVNT will naturally have a large number of new users constantly entering, not only in the blockchain industry, but also outside the industry.

Distributed finance can be described as a holy grail level ecology – massive real users, large-scale asset flows, and millions of daily average UV. This ecology is strongly linked with CVNT token, enabling it to build an extremely deflationary economic model.

Fourth, digital assets that can bring immediate tangible benefits

CVNT token is the value transmitter of the network ecology of conscious value, the proof of using RR dVod service, and the medium of value exchange with blockchain. In fact, the market has pointed out the direction of CVNT token for everyone – the opportunity lies in good fundamentals, good liquidity of chips, large number of coin holders, and firm market consensus.

In the whole process of CVNT network evolution, CVNT plays the dual roles of settlement token and governance token. The price is based on the relationship between market supply and demand. It is a real application token, which can fully penetrate into the application layer and incentive layer of CVNT network.

Settlement is very easy to understand. Every transaction in the CVNT value aware network system depends on CVNT, including: transaction handling fee; Storage Cloud fee; all function value vouchers of RR dVod; baas fee; contract consumption, etc.

Governance shows that every CVNT holder has the opportunity to participate in the chain governance of CVNT awareness value network and jointly promote its ecological prosperity, including node storage, retrieval, verification, etc., as well as measuring the balance of storage use, and preventing anonymous DDoS attacks.

Because of this, CVNT is an incremental market that can be created. As for how much potential energy can be generated in the short term, it mainly depends on its ability to realize smart contracts, enrich CVNT application scenarios, and attract and carry DAPP.Specifically, the scale of the developer community, the more users, the greater the consumption of resources, the relative project side needs more money.

When more and more users enter, application access, the demand and consumption of CVNT will be greater and greater. With the expansion of market value and deflation effect, all holders will be able to make a real, sustainable and maximum profit.

03 The anxiety of not having Bitcoin in hand

In the face of BTC’s soaring all the way, apart from anxiety, is there any other idea?

For example, can we see BTC’s unique performance in this way: the current market value of BTC accounts for more than 80%, reaching the highest level in history. The rise and high proportion of BTC actually open the ceiling of market value for the whole market and greatly expand the imagination space of future market value of non BTC assets. With the high market value of BTC, other non BTC assets will not be “afraid of heights”. If we look at it from this perspective, should we be happy?

Anxiety is that we only see the “profit of BTC” that we think we have missed, but we should be excited about the potential opportunities of non BTC assets in the future.

Perhaps, it will take time to sink down, to sort out and redistribute chips after callback, but these are all processes, a process that needs to exchange action for sweetness.

If BTC had not been planted before, there would not have been the fruit of today’s “big cake”. Now why not just focus on the future and plant CVNT, the seed with time and opportunity.

Media Contact:
Suvrangsu Das
Email: [email protected]

The post CVNT is about to set off a bull market carnival – Through the transformation of 20 million users of RR dVod appeared first on Zex PR Wire.

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