Three things of ChainBow

ChainBow for Web3
4 min readAug 3, 2021

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你说你喜欢我们的软件
我不知道这算不算是一件好事
嘿嘿嘿
我不知 我不知
我们写软件有时快有时慢
有时简单有时难
有时心烦有时不知怎么办
我不知 怎么办
我不知 怎么办
嘿嘿嘿
《阿宗三件事》- 李宗盛

Before proving that we can make money,

We have been devoting ourselves to writing software for the past month.

Three new versions of the software will be released at this time.

Wallet 3

https://wallet3.io/

It is the official version for Mac and Windows.

Wallet3 is the best desktop version of DeFi wallet, supporting Ethereum, Heco, BSC, and the recently popular OKExChain.

Its security far exceeds the MetaMask browser. And it perfectly supports NFT and GameFi.

Wallet 3 is the best choice for playing DeFi, NFT, GameFi, Metaverse.

NOTE.SV

https://note.sv/

Version 1.9.7 is the official version for all platforms, including iPhone/iPad, Android, Windows, Mac, Linux.

NOTE.SV is the most useful software in the blockchain field. It can completely replace 1Password and Evernote is used to save website passwords and diary notes. It takes full advantage of Bitcoin’s asymmetric encryption and global multi-node backup features. The saved data is all the real needs of users.

This upgrade mainly improved the network connectivity performance.

ChainBow Wallet

https://chainbow.io/

  • Completely the architecture of the mobile phone version was Refactored. Users who have the old version of the mobile phone software, please back up the mnemonic phrase before upgrading because the new version requires re-entering.
  • Upgraded the Token contract to improve the security of witnesses and support Utxo Swap. Utxo Swap (https://UtxoSwap.io) is a Bitcoin decentralized exchange service. It does not provide a exchange engine but only provides a list and statistical service of tradable UTXO. Users of ChainBow Wallet can click the “Connect Wallet” button to log in and perform the atomic exchange of Token and BSV. (Note: This service has not yet been made public) All Tokens and tradable UTXOs are based on the CUP Token protocol (https://cup.network)
  • Improved Wallet Connect API. It now supports complex payment methods, support information signature.
  • It supports Passphrase of mnemonic words. When creating an account, select the advanced mode and enter Passphrase. Even if the mnemonic phrase is leaked, your account is safe. Note: Please keep your Passphrase in mind. Once you forget it, your account cannot be restored.
  • It supports transfers to multiple people at the same time. And you can choose to enter text, which will also be uploaded on the blockchain when you transfer.
  • Provided a better way to view transaction records
  • Provided notification function for version upgrade and information
  • And a lot of details that are visible and invisible on the surface

Small Talk about BitcoinSV

On the one hand, it is because of the rise of GameFi represented by AXS. On the other hand, it is because of the low price.

It seems that no matter how lively it is, it has nothing to do with us.

DeFi, GameFi, and even the upcoming global economic crisis tell us that the decentralized finance of to Consumer is the strong demand for blockchain.

Bitcoin SV takes February 4, 2020 as the time point and is divided into two periods. Bitcoin SV takes February 4, 2020, as the time point and is divided into two periods. Before February 4, 2020, the OP_RETURN restriction had just been lifted, and many services and protocols appeared, such as Metanet and NOTE.SV. After February 4, 2020, the restrictions on Bitcoin scripts were lifted, and a new era was fully entered.

The BSV block amount is significantly higher than BTC and BCH, but the price is the lowest, which disappointed all its idealistic supporters. Some people desperately send transactions and pictures to expand the amount of block data as if this is the way to increase the price. No matter how you send pictures, no matter how big the data is, it can only prove that BSV can handle large amounts of data but not proving its value. Because the data you upload is of little value. In other words, it does not meet the financial needs of the public.

https://coin.dance

All the enterprise blockchains, coin-free blockchain, and even enterprise Workflow applications that BSV’s main developers are working on are taking advantage of BSV’s large block processing power.

In order to handle large amounts of data, wallet service providers like us, as well as data service providers, face more challenges. More CPU, hard disk, and network resources are needed to analyze transactions and provide services to users. However, a large number of transactions belong to the data chain and have nothing to do with the financial business of toC. The wallet service provider and data service provider can’t get a penny for the miners’ fees incurred on the data chain, but these data need to be analyzed and saved. Too much data, beyond the server’s capacity, will make users lose the experience of transferring money in seconds.

Bitcoin is a permissionless open network, and this cannot be avoided. There is only one way to reduce its occurrence: increasing BSV’s price, increasing the cost of data on the chain, and letting the pseudo-demand give up because of the rising cost. (The main BSV developers are not happy about this)

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ChainBow for Web3
ChainBow for Web3

Written by ChainBow for Web3

Bitcoin Wallet ChainBow.io, Ethereum&EVM Wallet3.io, Blockchain Notebook NOTE.SV, all products are for Web3

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