Format the Blast of Optimsim code, bitget still gives him online

According to a post by Bitget on X, Blast will be listed in the Innovation Zone and Layer 2 Zone on June 26.

Deposit Time: To be determined
Trading Start Time: June 26, 2024, at 22:00 (UTC+8)
Withdrawal Start Time: June 27, 2024, at 23:00 (UTC+8)
Spot Trading Link: BLAST/USDT
Contract Address (BLAST): 0xb1a5700fA2358173Fe465e6eA4Ff52E36e88E2ad

Coinlive's Advisory on Investing in Blast

Is Blast a Ponzi Scheme?

Since its launch, Blast, a controversial Ethereum Layer 2 project, has faced criticism for its multisig security locks. Upon its release, Blast's reward structure was compared to a pyramid scheme, with high-risk potential behind seemingly stable returns. As Blast gains more attention, its investment risks increase.

Blast has been accused of dishonestly copying Optimism's code.

On January 31, the pseudonymous founder of Gaslite, Pop Punk, posted side-by-side screenshots of the Optimism and Blast codebases, claiming Blast made some changes to pass the code as its own. Blast has not publicly responded to this accusation. Pop Punk reached out to the team for comments but has yet to receive a reply.

What is Blast?

Blast is an Ethereum Layer 2 (L2) protocol with native ETH and stablecoin yields. Through the RWA protocol and ETH staking, Blast offers rewards, providing a 4% interest rate for ETH and a 5% rate for stablecoins, unlike other L2 platforms that offer 0%. Blast is an EVM-compatible optimistic rollup. By leveraging optimistic rollup technology, Blast accelerates transaction processing while maintaining Ethereum blockchain's security standards. This technology is crucial in making Blast transactions faster, more cost-effective, and secure.

Blast Financing

On November 21, 2023, the Optimistic Rollup-based Layer 2 network Blast completed a $20 million financing round. This round was co-led by Paradigm, Standard Crypto, eGirl Capital, and Mechanism Capital, with participation from angel investors including Andrew Kang (co-founder of Lido), Hasu (strategic advisor of Blur), and Larry Cermak (CEO of The Block).

Blast Team Introduction

Blast is built by a team with extensive experience at MakerDAO, MIT, Yale University, and Seoul National University. The founder, Tieshun Roquerre, is only 25 years old, with a detailed resume as follows:

• 2022 - Founded stealth co.
• 2021 - Sold Namebase to Namecheap.
• 2020 - Raised $5 million for Namebase.
• 2019 - Received Thiel Fellowship funding for Namebase.
• 2018 - Dropped out of MIT and founded Namebase.
• 2016 - Started studying math and computer science at MIT.
• 2016 - Joined Y Combinator for StrongIntro.
• 2015 - Founded StrongIntro, helping tech companies grow their engineering teams through employee referrals.
• 2015 - Dropped out of high school.
• 2014 - Moved from Boston to San Francisco to work as a full-time engineer at Teespring instead of attending junior year in high school.

Blast Collaborations

Blast and HOPE GAMES

This collaboration introduces new developments in the Play-to-Earn gaming field. It expands possibilities for gamers while redefining industry standards in technology and economic models.
Project Highlights:

1. Technical Innovation: Integrating Blast's cross-chain technology, HOPE GAMES will achieve more blockchain interconnectivity, providing diverse game options and smoother asset transfer experiences.
2. Economic Model Optimization: By refining economic design, both companies aim to create a more stable and sustainable economic system, avoiding common inflation issues in traditional Play-to-Earn games.
3. Community Participation: Emphasizing community power, HOPE GAMES and Blast will involve players in game development and governance through DAOs, giving them more influence and decision-making power over the game ecosystem.

Blast and Covalent Collaboration

The partnership between Covalent Network (CQT) and Blast is a significant milestone in addressing Ethereum's scalability challenges while fostering innovation within the blockchain ecosystem. By leveraging Covalent's robust data infrastructure and Blast's native yield model, developers and users can expect enhanced scalability, accessibility, and user experience across a wide range of dApps. Together, Covalent and Blast aim to drive the blockchain world towards a more inclusive, efficient, and decentralized future.