BBC One Year Anniversary | Your story, I’m listening.

6 min readDec 8, 2020

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Forewords

On November 30, 2019, in the eager anticipation of many fans, BigBang Core (BBC), a public chain project for the Internet of Things, went online on the main network. How time flies, and the BBC main network has been running steadily for one year. This year, BBC has witnessed the halving of bitcoin, experienced the black swan events in the blockchain industry, and experienced the economic changes in the market brought about by the change in national policies. With the support of community members and many investors, BBC has made steady progress and achieved excellent results, and the public chain ecosystem has gradually matured.

Industry Review

The market is never short of hotspots, and every time there is a different fad. In the fad, there are innovation and bubbles, hidden opportunities and challenges. Focusing on the secondary market, the essence of strength is always the large-scale development of ecology.

In 2017, because of the ICO mania, Ethereum’s smart contract standard ERC20 pressed the Pandora’s Box button. Therefore, ICO is a model fostered by Ethereum, and the subsequent market revaluation of Ethereum is actually a sign that this model is no longer sustainable. Nowadays, when start-up projects want to issue their own assets, they can also choose EOS, Wavefield, Boca and other public chains in addition to Ethereum, but ERC20 is still the main carrier, and the total value of ERC20 tokens far exceeds the total market value of ETH, so the ICO craze directly pushes ETH prices to the peak.

2018 is called the first year of the public chain, and public chain projects and blockchain-related applications are blooming everywhere. There are about hundreds of public chains competing in the world, but some project tokens are just investment targets of market speculation and do not undertake corresponding functions. , Technical vision, etc. are mostly written stories, and the development of practical applications is even more limited. With the downturn of currency prices, the market is no longer thriving back then, and the era of easy financing by writing a white paper is gone forever.

When the time comes to 2019, after all the “vanity”, the blockchain industry is back to the ground, and technological innovation is gradually playing an important role. In June, the global social giant Facebook released the Libra white paper, which directly pushed the development of cryptocurrency to an unprecedented height and also attracted great attention from financial regulators and central banks around the world. In October, the Politburo of the CPC Central Committee conducted the eighteenth collective study on the development status and trends of blockchain technology, and proposed to use blockchain as an important breakthrough for independent innovation of core technology, and recognized the role of blockchain technology, talents and funds continued Investing in technology research and development and testing has opened up a new phase of technology and industrial development. This year was the year of turning point and foundation building. The track was re-designated, and the BBC public chain, which had been independently developed for three years, finally met everyone in this year.

The IoT public chain project is not a new thing in the industry, but there are very few public chain projects that are ready to be applied. At the same time, the issuance of BigBang Core without private placement or pre-mining is completely different from the currency industry’s pattern of raising funds before opening, which also aroused the attention of the miners’ groups, for whom BBC was undoubtedly the top quality coin at that time.

This year’s DeFi (Decentralized Finance) windfall spawned a lot of bubbles in the market, but DeFi itself undeniably brought a lot of reference value to the industry. DeFi boom was followed by code errors, hacking, scams, and fraud, which began to collapse the token that had previously seemed to only rise. Beneath the shrinking hype and plummeting prices, DeFi has excelled in other metrics: total DeFi lockups have reached $1.732B ($17.32B), mortgage lending volumes continue to rise, and DEX trading volumes have stabilized. It can be said that the decentralized financial sector has greatly enlivened the liquidity of the stock in the market and injected fresh blood into the blockchain market, and the emergence of DeFi once again proves that only projects with real value can stand out in the market competition.

BBC Secondary Market Performance

What happened this year in the more interesting secondary market of the BBC?

Since there is no private placement and no pre-mining before the launch of the BBC, the number of blocks produced in the early stage is not much, which leads to an inflated price, the statistics are calculated from December when the price of the currency gradually returns to stability.

（Initial）31 December, 2018: 0.25

（Lowest）16 February, 2019: 0.1930

（Highest）26 August, 2020: 2.8

The above is a rough observation of the BBC secondary market over the past year, and looking at the changes over the past year, we find that the BBC currency price has always closely followed the development of the BBC chain ecology. In October, the currency price showed signs of a bubble, and market expectations were much higher than the development of the chain ecology, so the BBC price began to retrace, but just like the development of DeFi, the market participation pushed up the currency price in the secondary market, inevitably creating a bubble. This is true of all economies, where bubbles are “expected”, but the development of the ecosystem itself is a process of eliminating bubbles, and in the process, new values will be identified. Today’s market is no longer the same. It can be predicted that with the adjustment of the currency price and the extension of the public chain ecology, BBC will gradually eliminate the bubble and develop further.

From the perspective of secondary market investing, market adjustments — up and down — also create a lot of opportunities, as many people fantasize that if they had participated in BTC in the hundreds, thousands or even single digits, financial freedom would have been achieved long ago. The reality is that no one can take that long, but there are always people who are lucky enough to be wealthy, either because of their beliefs or because of their investment philosophy. Some people sum up their own investment rules from the correlation between the rise and fall of currency prices and ecological development, while others lose their wealth in one opportunity after another. People always wish they could have time travel……

Today, BBC gives you a chance to have time travel. Please follow us, and go to sleep! Attached is the time travel guide which is provide to give you a better experience!

Public Chain Status

For Investors

It is often said that “one day in the currency world, one year on earth”. In this industry, tremendous changes are taking place every minute and every second. People once thought that overnight riches and instant bankruptcy are very far away from them, but in the currency world, these are not new things. Most of the time, wealth is the realization of cognition. Once you have a clear cognition, it is easier to make the right decision.

Some people may be able to make gains in the market because of luck, but in reality, no one who makes a lot of money by speculating in coins relies on luck. In this market, the money you make by luck will be lost back sooner or later by strength. This also means that it is especially important to establish a trading system. It is a long-term, internalized process, and the construction of the knowledge system must be stable and solid. Only by learning the basic techniques and establishing cognition can one get rid of the fate of cutting crop after crop of leeks. Only by learning basic skills and building up cognition can we get rid of the fate of cutting one stubble after another. Hope you will be one of them.