HANGZHOU, China, May 04, 2018 (GLOBE NEWSWIRE) -- With the spreading sports events such as World Cup, Europe's big five football leagues and NBA in the world, and the rapid development of electronic sports all over the world in recent years, in addition to watching the games, people also actively participate in the guess of the competition results, which therefore develops a large global competition forecast group. The guess industry has mushroomed as well. However, since there has been no systematic industry rule in guess industry, the chaotic status of industry has been distressing. Guess Chain finds out such status of industry, and is determined to build a decentralized global underlying public blockchain for guess forecast and board and card games. On April 28, Token Zone, the vertical media of blockchain, had the opportunity to interview Chen Linfeng, the CEO of Guess Chain.
The development of social productivity is to eliminate the traditional backward industry
As we all know, there are many traditional guess platforms. Here we will take the guess forecast of sports and the guess forecast of electronic sports as examples. The guess forecast of sports has a long history of development and an extensive range of user groups and a huge market space with high market value. The traditional electronic sports is relatively young but with a rapid development momentum, and its user groups are characterized by youth, large base and high cost. However, whether it is the guess of traditional sports or the guess forecast of traditional electronic sports with great advantage of Internet technology, there are many unfair, unjust, opaque and tamperable inside stories on the platform side. It can be learnt that there are many drawbacks at the traditional centralized guess platform.
With respect to these issues, Chen Linfeng, the CEO of Guess Chain, said that it was because of such problems he found in the traditional industry that he wanted to use the latest blockchain technology to solve the pain points of the previous guess platform and the board and card games industry and create a more transparent and fair ecological chain.
"The guess chain is based on the underlying technology framework of blockchain and smart contracts, with the features of unchangeable, highly transparent decentralization. It can be locked in the guess forecast mechanism of the guess chain. Everyone can be the defender of order and the supervisor of discipline. The core advantage of the guess chain lies in its traditional guess platform features, as well as technical capabilities to solve the pain points of traditional guess platform. This shows that the guess chain is a truly healthy guess forecast mechanism. "
Combine the advantages of blockchain to create own advantages
For the advantages of its own project, Mr. Chen said the advantages of the guess chain were concentrated on the characteristics of high concurrency, high reliability, zero transaction fee, easy expansion, and easy use. Above all, in terms of concurrency, the unique consensus mechanism of the guess chain makes the TPS of guess chain network far exceed Bitcoin, Ethereum and the like. High TPS has indirectly ensured the low operating delay in the guess chain, which can make transfer faster and catch up with the existing payment methods like VISA and SWIFT, making the daily payment accessible. Secondly, in terms of reliability, the guess chain is committed to creating a higher degree of decentralized consensus mechanism. With a higher degree of decentralization, the overall network structure, user assets, and intrinsic value are more reliable. In addition, it has the advantage of saving energy compared with POW and POS guess chain consensus mechanism.
In addition, compared with other similar items, the guess chain adopts a zero operating fee design, which makes it easier for various applications deployed in the guess chain to expand users, and has more commercial controllability. At the same time, the guess chain has huge extensibility. Guess forecast and board and card games can be deployed in the guess chain. What's more, the guess chain team has sufficiently investigated the user requirements and expectations and focuses on creating the blockchain products which are more easy to use.
From guess to board and card games, the guess chain will create a new ecological chain
When talking about board and card games, Chen Linfeng was very excited and said that their own application would be deployed on the guess chain, that is, the DApp for guess forecast board and card games, which is a mobile application that takes the competition forecast as a market and which can make a powerful impetus for the popularization and promotion of the guess chain as a light node of the guess chain running on the mobile terminal. Guess forecast DApp has the authority to initiate competition forecast, and the forecast results will be judged by the guess chain intelligent Oracle. At the same time, after the completion of the guess public blockchain, the DApp developed by the traditional board and card games company can have access to guess chain and operate on the cryptocurrency protocol-based guess chain smart contract, and can introduce the cryptocurrency GUS Coin of Guess Chain or can issue exclusive tokens based on Guess Chain.
As for Guess Chain's own token GUS, users can participate in the guess forecast to predict DApp. In case of successful forecast, GUS will be automatically deposited in the E-wallet, generating forecast earnings. For example, if the user uses the guess chain token GUS to make forecast on the NBA game, the user can voluntarily select a competition to input the forecast amount, and in case of successful prediction, the earnings will be deposited in the E-wallet. The use forecast earnings are the product of the forecast amount and the yield rate. In addition, the guess chain is a smart contract-based architecture and is provided with tamper resistance. Finally, the various earnings of successful guess forecast can be stored in the user's E-wallet, supporting functions such as earning transfer and withdrawal.
Determined to build underlying public blockchain of global guess forecast and board and card games
When talking about Guess Chain's future plan, Chen Linfeng was very confident: "In the future, GUS will log in all global large and medium-sized exchanges. And since the official launch of the project, the guess chain has completed PreA round of financing worthy of tens of millions Yuan, GUS users have exceeded one million at the beginning of the year, and the trial operation has been successfully completed. Next, Guess Chain is expected to formally land in large and medium-sized exchanges in June 2018, and it is expected that the underlying public blockchain of global guess forecast and the board and card games will be successfully established in the next two years. "
Contact: Aaron Aaron@guesschain.io