Li Xiaolai, I'm sorry, XUC is not your cryptocurrency insider information

Early this morning, a recording of a conversation between "Bitcoin's richest man" Li Xiaolai went viral in the currency circle. The content was very wide-ranging, covering blockchain projects such as Ethereum, Neo, Ripple, as well as figures such as Lao Mao, Da Hongfei, Yi Lihua, Luo Zhenyu, Sun Yuchen, and Zhao Changpeng.

In summary, a recording of Li Xiaolai's conversation can be summarized as follows: he builds himself into a traffic internet celebrity, and then he must have an exchange to promote the project and sell air coins, so that fans can form a stupid consensus with good packaging, and finally be willing to be cut off. In his words, this is the success formula of the currency circle to fool idiots.

However, are all projects in reality as bad as he said? The answer is of course no. Among the many projects in the cryptocurrency circle, there are some projects that are truly rooted in technology. XUC is a good example.

XUC is an alliance network that aims to connect and open up global digital asset exchanges. In view of the rapid increase in domestic and foreign exchanges, and the isolation of each exchange due to policy, environment, and region, incomplete currencies and insufficient depth have become insurmountable obstacles. XUC uses blockchain technology to create a smooth "information channel" to achieve efficient interconnection between exchanges and satisfactorily solve the industry pain points of cross-trading platforms and cross-asset flows. The so-called air coins mostly refer to those without core technology that rely solely on the concept of blockchain to fool crowdfunding investment. XUC is obviously not.

Digging deep into the technology, XUC is not just a coin of illusion

In the face of congestion and high transaction costs, Bitcoin uses Lightning Network technology, which can provide significant improvements in scalability. Therefore, without affecting the basic security of the core protocol, transaction speed and transaction fee rates will inevitably be greatly improved.

The SW deployed in August last year brought more exciting new features, and atomic swaps were officially put on the agenda. In November last year, the first atomic swap between Bitcoin and Litecoin was successfully completed.

As an alliance network dedicated to connecting global digital asset exchanges, the XUC development team recently successfully conducted a Lightning Network atomic swap of Bitcoin and Litecoin. This is the second truly successful case of Lightning Network atomic swap technology in the world.

This means that the basic technology supporting XUC (cross-chain atomic swaps on payment channels) has been verified in practice, which once again accelerated the progress of the XUC project from technology development to practical application.

Cutting leeks? Not exist

On June 29, the digital currency market once again experienced a cliff-like decline. The market fluctuated downward along with the price of Bitcoin. The total market value of the global digital currency market was US$235.06 billion, down 4.8% year-on-year. Bitcoin nearly fell below the US$5,800 mark several times. The entire market did not show obvious signs of improvement until July 3.

During this period, XUC performed well enough. On June 30, when the overall market plummeted, it went against the trend and rose directly from US$5.27 to US$5.37. On July 3, it reached a high of US$5.51, up 4.52% from the previous day.

It can be said that XUC is resistant enough to declines in a bear market, and will naturally bring benefits to users in a bull market.

Li Xiaolai's discussion on the cryptocurrency industry does not mean that all projects are like that. After all, there are still many projects that focus on technology. I believe that as technology is gradually implemented, it will be favored by more exchanges and investors, and while achieving success, it will bring more tangible benefits to more investors!

This article is for commercial promotion only and does not represent the position of Wabi.com. Cryptocurrency is a high-risk industry. Please invest with caution. We are not responsible for any losses!