Why are all ICUs on the 4th floor? (Why are all ICUs young?)

Why are all ICUs on the 4th floor? Why are all ICUs on the 4th floor?

iCU is a leading global blockchain technology development and consulting service provider, established in March 2015. It is the first distributed cloud storage network project based on technologies such as Ethereum, Binance Smart Chain, Huobi Eco Chain, and IPFS. In early 2020, it received support from many institutions in the industry and began to launch various applications.

However, we have found that iCU has not established a decentralized financial system like traditional centralized exchanges to support users in digital currency trading and investment. Instead, it has solved a problem through “openness”: allowing everyone to participate in the circulation of digital assets and achieve financial freedom!

Therefore, I believe this industry is no longer just a speculative concept! It is more important that it is indeed an innovative Internet financial model that is being adopted and accepted by more and more people.

Below, I will introduce what iCU is in detail from three aspects:

1. Bitcoin’s deflationary mechanism; 2. Bitcoin mining rewards; 3. Bitcoin cash usage rate; 4. Bitcoin’s security and stability; 5. Advantages of the Bitcoin Lightning Network.

The following is an article excerpt compiled by Odaily Star Daily (some views only represent personal understanding):

1. Bitcoin, as a value carrier, has the potential to create more value; 2. Bitcoin’s scarcity gives it high application prospects; 3. The emergence of 5G is changing the world economic order.

Bitcoin is currently facing a major dilemma: when people cannot obtain gold or silver through payment methods, these funds will flow into the market to purchase crypto assets. Therefore, if the price of Bitcoin continues to rise, those who are willing to take risks in this crisis will become smarter and wealthier. But as the price of Bitcoin continues to soar, its supply is decreasing. This brings new risks to other investors, such as Bitcoin’s impact on the environment, Bitcoin’s energy consumption, and the uncertainty of currency policies of various countries, etc.

In addition, there is a phenomenon that the anonymous issuance of Bitcoin is very large and has a certain speculative nature. Once this happens, it requires many intermediaries to help them complete this process, and it also requires a lot of money to obtain a large amount of liquidity.

It is also worth noting that although many people have used Bitcoin as a means of payment, very few people actually know whether they truly have some form of economic rights or powers. This is also why iCU has always been on the fourth floor – because it is an emerging industry!

In addition to the above categories, some companies have launched many other services using blockchain technology. For example, the recently released open source cloud platform called iCloud can store data in a secure data package and allow users to choose products and services that suit their preferences.

In addition, there will be other new businesses such as shared computing systems, such as shared traffic management systems and big data servers, including small businesses and entrepreneurs who can join them.

Why are all ICUs young?

This year, iCU has received widespread attention. In the “participation by the whole people” activity that started at the end of 2017, they collaborated with many celebrities to help young people get in touch with new things, including cryptocurrencies, blockchain technology, and NFTs.

With the arrival of the second half of 2018 and the first half of 2019, we have seen more and more young people join this industry and actively promote project development, which is most representative of the entrepreneurs from China. These people hope to improve their understanding of the digital industry through their professional knowledge in order to achieve their entrepreneurial goals.

And this is exactly why all ICUs are young people? Because people want to understand what blockchain is and why it should be made easier to use:

1. Blockchain can reduce transaction costs. Digital assets such as Bitcoin can promote the development of payment businesses. However, due to its decentralized nature, it cannot meet people’s needs (such as purchasing goods with cash), so a large amount of funds are required to complete transactions. Therefore, for most people, it is difficult for them to understand what exactly blockchain is and what benefits or challenges it can bring to everyone. This is the importance of smart contract technology.

2. Financial products based on distributed ledger technology can solve trust issues. When a system is developed, users can issue tokens according to their needs. This method is also called DeFi (Decentralized Finance). DeFi is built on the blockchain, and each application can use smart contracts as a viable method to create various applications. For example, a DeFi application on Ethereum allows anyone to send their digital identity to another person’s computer. However, if there are no such service providers, they will not be able to receive corresponding rewards. Therefore, in order for smart contracts to work, users must download software to build smart contracts and then run them based on that code.

3. Innovations of financial products based on distributed ledger accounts lie in their open-source nature, which can ensure that all data is not leaked to third parties or other individuals, and can even eliminate fraud risks. This will not only allow people to obtain information free from fraud, but also reduce their financial burdens. Therefore, smart contracts are completely permissionless and immutable technologies that can provide instant and reliable services to businesses and their customers.

4. Decentralized financial tools allow consumers to obtain lending benefits from banks and other entities. Current financial institutions can only lend to those who have the ability to create value, such as high-net-worth individuals, family offices, and large technology companies.