On the original intention and mission of blockchain

The recent surge in the stock market has made many people jealous, and many chain communities have begun to discuss A-shares. It's time to recharge your blood and replenish your faith.

I remember that the global financial crisis in 2008 was the background for the birth of Bitcoin. The underlying technology of Bitcoin, the blockchain, has evolved over the past ten years, making it the first time for mankind to achieve openness through technology. , fairness and justice are possible, which is also the fundamental reason why blockchain has attracted much attention in the international community.

To this day, Satoshi Nakamoto may not have expected that the decentralized technology architecture he built would face a dilemma. The intervention of human factors such as double spending, 51% attacks, and data rollback have become a problem. Blockchain technology has scars that cannot be healed, and it seems to be a joke that it cannot be tampered with.

People today are accustomed to the efficiency of the centralized model and have no patience to wait for hours or tens of minutes for transactions to be completed for the sake of so-called decentralization. As a result, various compromise solutions appeared in front of the public. POW is too slow and consumes too much energy, so use POS. The POS speed is still not enough, then use DPOS.

While people are cheering for the so-called breakthroughs of blockchain technology, they do not realize that the blockchain is no longer the original blockchain, and the spirit of equality it pursues has been compromised by various compromises. diluted.

Although POS and DPOS have greatly improved their efficiency, in essence, they deprive disadvantaged groups of their right to speak and have deviated from Satoshi Nakamoto’s original intention and philosophy.

Judging from the current development status of the blockchain industry, there are not many truly implemented applications, and killer applications are even rarer to see. EOS, the self-proclaimed blockchain 3.0, not only failed to fulfill its promise of millions of TPS under the structure of only 21 super nodes, but also exposed a node bribery scandal, and then became a big casino where gambling DAPPs are rampant.

In fact, performance is not the most critical factor of the blockchain. Decentralization is the core essence of carrying the dream of human freedom and equality. The distributed architecture achieves equality by sacrificing performance. If you pursue a perfect trading experience, no matter how awesome the blockchain project is, it cannot compare to a centralized architecture.

VISA has more than 70,000 transactions per second, Alipay has nearly 80,000 transactions per second, and interbank settlement has nearly 70,000 transactions per second. Which blockchain application can do it now?

The mission of the blockchain is to lock power into the cage of the system, to break the shackles of the traditional interest pattern constructed by centralized vested interests, and to build a truly equal system for everyone from the technical level. , instead of relying solely on morality and law.

Looking back at human history, it is not difficult to find that most man-made disasters in the world are due to the supreme centralized power of dictators under centralized systems. The excessive use of force during the war years led to the collapse of society and the displacement of people from their homes. Indiscriminate issuance of currency during peacetime led to financial crises, and people's assets were mercilessly plundered. The equal rights model advocated by the blockchain can effectively limit the threshold of individual power and avoid the catastrophic consequences of power abuse to the greatest extent.

However, the blockchain is not omnipotent. It is just a technical tool and cannot solve the greed of human nature. Although all blockchain projects advertise themselves as: non-tamperable, traceable and transparent.

But as long as there is a gap for human factors, the blockchain will be changed beyond recognition.

If the information on the chain cannot be changed, it will be forged before the data is uploaded to the chain, so the so-called non-tampering and traceability are meaningless.

Among the gambling DAPPs stationed on EOS, in order to attract users, most of them use the openness of the blockchain to generate fake data, which is enough to fake the real thing.

Some public chains, including Ethereum, even blatantly violate the principle of non-tampering and resort to artificial rollback of data to recover losses, making people full of worries about the prospects of blockchain technology.

Looking at the development history of blockchain, from the 1.0 era of Bitcoin to the 2.0 era of Ethereum, who will become the symbol of the 3.0 era?

Although TPS is an important option, it is not the only standard, nor is it the core standard. In fact, some commercial application scenarios do not have too high performance requirements, and a TPS of about 4,000 is enough to meet daily needs.

At present, some projects hope to attract users through eye-catching performance. If you dare to say 10,000 TPS, I will dare to boast 1 million TPS. If you dare to use 21 super nodes, I will dare to use 11 super nodes. However, this is not the case. Competition without a bottom line has reached a dead end where we know we cannot do anything.

At present, the cleanup of the bear market has wiped out inferior projects, fully purified the industry's ecological environment, and also enabled high-quality projects to receive more capital attention. In fact, no matter how high-end the king-level star project is, if it abandons the spirit of equality in decentralization and cannot achieve practical application in the end, it will be useless and will only increase laughter.

In the future, the iconic projects of the 3.0 era must be projects that can solve the industry’s high-frequency, pain points, and urgently needed problems upon implementation, and must be projects that can attract more outstanding creators, communicators, and communities after implementation. Projects in which operators participate in ecological construction must be projects that can build a new economic collaboration system that is win-win for all parties after implementation.

Only by never forgetting your original intention can you achieve success.

The blockchain technology created by Satoshi Nakamoto ten years ago has given mankind the first opportunity to bring the utopia of freedom and equality into the real world. I hope that everyone in the industry will work hard and make this grand blueprint People who have experienced and practiced dreams come true.