Paano Pinangunahan ng Wyoming ang Aptos at Solana sa Stablecoin Scoring System – Pagsusuri ng Isang Crypto Analyst
Kapag Nag-grade ang Gobyerno sa Mga Blockchain: Ang Hindi Nakikitang Rubric
Bilang isang taong ilang taon nang sumusubok sa mga DeFi protocol, hindi ko inasahang susuriin ang isang gobyerno scorecard para sa mga blockchain. Ngunit heto tayo: Kamakailan lamang ay in-rank ng Wyoming’s Stable Token Commission ang 11 chains para i-host ang dollar-pegged nitong WYST stablecoin, na may sorpresang hindi DeFi priorities.
Ang Mga Kalahok at ang Curveball
Ang podium:
- Aptos & Solana: 32 puntos (pareho)
- SEI: 30 puntos
- Ethereum/Layer 2s: ≤26 puntos
Ano ibig sabihin? Ang mga network na nasa tuktok ng hype charts ng CoinGecko ay natalo ng mga bagong dating na friendly sa compliance. Para maunawaan kung bakit, suriin natin ang 28-pahinang public scoring doc ng Wyoming.
Core Criteria: Stability Higit Sa Ideology
Tinasa ng commission ang mga chain tulad ng isang maingat na VC:
Elimination Round: Tinanggal ang 14 chains na kulang sa:
- Permissionless access
- Transparent supply
- Chain analysis compatibility
- Asset freeze capability (hello, regulatory red flag)
Scoring Matrix (27 possible points):
- Network uptime (3)
- Active users (3)
- TVL (3)
- Stablecoin market cap (3)
- TPS (3)
- Transaction fees (3)
- Finality time (3)
- Block time (3)
- Wyoming-based entity registration (3)
Napansin mo ba kung ano ang nawawala? Decentralization. Itinuturing ng rubric ang Nakamoto Coefficient tulad ng isang artisanal latte—maganda pero hindi mahalaga sa mga bureaucrat.
The Secret Weapon: Compliance Carrots & Sticks
Dagdag puntos mula sa: ✅ Bonus Points (10 max):
- Privacy features (+2)
- Interoperability (+2)
- Smart contract support (+2)
- Use cases (+2)
- Partnerships (+2) (Naging magaling dito ang Aptos dahil sa AI/DePIN projects)
❌ Penalties (-12 max):
- Legal violations (-2)
- Team misconduct (-2)
- Past hacks (-2) (Naapektuhan dito ang Solana)
- Downtime history (-2)
Ito ang dahilan kung bakit mas mataas ang Avalanche (26) kaysa Polygon (26) kahit mas mababa ang TVL—mas focus ito sa enterprise kaya kaunti penalties.
Reality Check ng Ethereum
Ang malaking tanong: bakit underperform ang hari ng DeFi? Ang forensic chart ko (see data viz) ay nagpapakita ng brutal na katotohanan:
- TPS: ~15 vs. 2k+ ng Solana
- Avg fee: \(1.50 vs. \)0.001 ng Aptos
Mas malala pa ang Layer 2 solutions—nakakuha lang ng 19 puntos ang Optimism. Bakit? Dahil dependent sila sa settlement layer ng Ethereum, na nagpabagal sa finality times at uptime scores.
The Bigger Picture: America’s Stablecoin Wild West
Ang eksperimento ng Wyoming ay parang 1836 “Free Banking Era” noong naglabas ang mga estado ng 8,000+ currencies. Ngayon, kasama ang eUSD ng Nebraska at nabasurang MUSD attempts, nakikita natin:
- Regulatory arbitrage: Nagkukumpetensya ang mga estado para makaakit ng crypto businesses.
- Institutional pragmatism: Mas importante ang freeze functions kaysa decentralization.
- Tech neutrality theater: Kahit may claims, panalo pa rin ang speed at compliance. Habang target ng WYST ang August 2025 launch na pamamahalaan ni Franklin Templeton, may isang tanong: susundin kaya ito ng digital yuan team ng China?
WolfOfBlockSt
Mainit na komento (5)
সরকারিও কি এখন ক্রিপ্টো এক্সপার্ট?
ওয়াইমিংয়ের এই স্কোরিং সিস্টেম দেখে মনে হচ্ছে আমরাও চাকরি দিতে পারি রেগুলেটর হিসেবে!
হাসির মাথায় খেয়াল:
- ইথেরিয়ামের ফি দেখে মনে হলো ট্যাক্স অফিস খুলেছে
- “ডিসেন্ট্রালাইজেশন” শব্দটাই নাই রুব্রিকে - হুট করে সরকারি গোয়েন্দা এজেন্সি মনে হচ্ছে!
সত্যি বলতে, বাংলাদেশে যদি এমন স্কোরকার্ড হতো, হয়তো পয়েন্ট দিতাম: ✅ স্যান্ডেল পরে অফিস আসা (+৫) ✅ চায়ের দোকানে ক্রিপ্টো আলোচনা (+৩) ❌ লোডশেডিং সময় ট্রানজেকশন ফেল (-১০)
আপনার স্কোরকার্ডে কী যোগ করতেন? কমেন্টে লিখুন!
Quando os reguladores viram professores de blockchain
Quem diria que o ‘selvagem oeste’ das criptomoedas teria seu próprio sistema de notas? Wyoming decidiu brincar de escola e deu ouro para Aptos e Solana, enquanto Ethereum ficou com a prata… ou melhor, com um ‘melhor na próxima’.
O critério mais importante? Ser bonzinho com o governo
Decentralização? Nah. O que importa mesmo é poder congelar seus ativos quando o Tio Sam quiser! Parece que Aptos e Solana levaram o troféu de ‘alunos mais obedientes’.
E você, acha que essa avaliação foi justa ou Wyoming está precisando de aulas extras sobre Web3? 😏
ওয়াইমিং সরকার ব্লকচেইনদের স্কোর করছে? হ্যাঁ, আপনি ঠিক শুনেছেন!
ইথেরিয়াম ফ্যানদের জন্য খারাপ খবর: সোলানা আর এপটোস টপ স্কোর পেয়েছে (৩২ পয়েন্ট!), আর আমাদের প্রিয় ইথেরিয়াম পিছিয়ে ২৬-এ।
কারণটা জানেন? সরকারি ক্রাইটেরিয়াতে ‘ডিসেন্ট্রালাইজেশন’ কথাটাই নেই! বরং তারা চেয়েছে:
- ট্রানজেকশন স্পিড
- কম ফি
- ফ্রিজ করার ক্ষমতা (হ্যাঁ, রেগুলেটররা ভয় পায়!)
মজার ব্যাপার: সোলানা прошлые হ্যাকের জন্য পয়েন্ট হারালেও টপে! আর এপটোস AI প্রোজেক্ট দিয়ে বাড়তি পয়েন্ট কুড়িয়ে নিলো।
আপনার কী মনে হয়? এই স্কোরিং সিস্টেম কি সঠিক নাকি ‘আর্টিসানাল লাটে’র মতো unnecessary? কমেন্টে লিখুন!
When Governments Play Professor
Who knew bureaucrats would become the toughest crypto TA’s? Wyoming just gave us the most un-Web3 report card ever - scoring blockchains like a strict math teacher docking points for messy decentralization handwriting.
Valedictorians We Didn’t Expect Solana and Aptos topping the class with 32⁄40 points while Ethereum gets hall monitor duty? The grading rubric reads like a VC’s prenup:
- +3 points for ‘Wyoming-based entity registration’ (??)
- -2 for ‘past hacks’ (RIP Solana’s attendance record)
The Compliance Curveball Turns out when governments grade, Nakamoto Coefficient matters less than whether your chain can do detention (read: asset freezing). Layer 2s got marked down for Ethereum’s slow “homework submission” times. Ouch.
So crypto bros - still think regulation won’t change the game? Grab your red pens and debate below!
Tether at Rumble: Ang Makabagong Alyansa sa Stablecoin- Hong Kong Stablecoin License: Kakaunti Lang ang Makakapasa
- Paano Pinangunahan ng Wyoming ang Aptos at Solana sa Stablecoin Scoring System – Pagsusuri ng Isang Crypto Analyst
- Libra: Mga Susunod na Hakbang
- Regulasyon ng Stablecoin: EU, UAE, at Singapore Ihambing
