#BTC行情 Bitcoin has just dropped below 66,000. The oscillation range formed from the decline on February 6 has now reached the lower end of the range. The key support level at 65,800 has now been tested for the 7th time. The more times it is tested, the more the long positions below are consumed.
This dense transaction area, if it breaks down, then the real panic selling will begin, and the liquidation volume across the network is highly likely to hit a new high. I hope it can hold, as there are too many people going long at this position. How many people's bets are placed here?
@SignOfficial The creator task activity has reached day 9. To be honest, I have become completely numb to the daily hype in the square about various projects' TVL and airdrop expectations.
In this circle, in the eyes of the vast majority of retail investors and even some institutions, there is only 'capital flow'. But if you really talk to those geeks who develop the underlying protocols, you will know that there is a more brutal and life-and-death silent war happening in Web3 right now — fighting for the definition of 'data standards (Schema)'.
Why do I say this?
The current Web3 is actually a huge 'information island' garbage dump. Uniswap has a set of data formats to record your trading habits; Aave has a format to record your lending health rate; each game on various chains plays by its own rules. This leads to a fatal problem: protocols cannot understand each other's language. Your on-chain data may be public, but it cannot be reused across protocols or tracks.
Just like in the real world, where previously, major mobile phone manufacturers had different charging ports until 'Type-C' unified the industry.
In the Web3 world, whoever can become that 'Type-C interface' monopolizes the data foundation of the next generation of the internet. This is the ultimate ambition of top capital like YZi Labs pouring heavy investments into leading Sign Protocol.
If you go to browse the developer documentation of Sign Protocol now, you will find that its core weapon is not about issuing any 'certificates', but its extremely forward-looking Schema Registry.
What kind of monster is this? Let me translate it into plain language for you:
In the Sign system, anyone or any institution wanting to issue a certificate on-chain must first choose or create a Schema.
For example, a well-established credit rating agency wants to issue a 'high-quality borrower certificate' on the blockchain. They registered a Schema on Sign, which stipulates that this certificate must include three fields: 'historical default count', 'total asset size', and 'wallet active days'.
The moment of witnessing miracles begins here.
When this agency's Schema is registered on Sign, what is the smartest approach for other emerging DeFi lending protocols wanting to manage risk? It is definitely not to spend millions to create a new rating standard, but to directly call on this ready-made Schema on Sign, which has already been validated by major institutions and has accumulated a vast amount of user data.#Sign地缘政治基建
Slowly, all lending protocols are using the same Schema format to read and write user credit data.
Do you understand this snowball effect?
On the surface, Sign Protocol is a certification tool, but in reality, it is quietly transforming itself into the 'ISO International Organization for Standardization' of the Web3 world.
In the future, whether it is the standard for RWA assets on-chain, the data standard for decentralized social accounts, or the compliance standard for on-chain medical records, all 'data molds' will be sedimented in Sign's registry.
Whoever first defines a high-quality Schema for a specific track on Sign and gets everyone accustomed to it gains the ultimate voice in that track. Later competitors, if they want to connect to this ecosystem with a vast user base, must hold their noses and comply with this set of data formats in Sign.
This 'data standard'-based moat is a thousand times deeper than any TVL built by issuing tokens. Funds can be withdrawn at any time due to declining mining profits, but once the underlying data standard reaches consensus across the network, the cost of migration becomes infinite.
So, while other projects are racking their brains on how to trick retail investors into locking their money, Sign Protocol has already quietly woven a net that dominates the data format of the entire Web3 through its Schema architecture.
