As the focus of the 2021 bull market, Polkadot has attracted a lot of investment from the beginning. Gavin Wood, the author of the Ethereum Yellow Paper, has also won the attention of the currency circle. Polkadot has been responsible for web3.0 from the beginning, and its ecological construction is also very important. According to incomplete statistics, there are no fewer than 30 public Polkadot ecological projects that have received funding from the web3.0 fund. And trustbase is sought after for its innovative use of the Subscript development language to build the Polkadot ecological DEFI project.
Trustbase, as one of the public chains in the Polkadot ecology, mainly provides Subscript development language and related environment, cross-chain tools, etc., so that developers can quickly get started developing DAPP, and then use related cross-chain calling tools to make these DAPPs in Poland The card ecosystem runs on other public chains, and this function is also the core of the trustbase.
1. Time concept of DEFI project development
For the current ecological projects in the market, especially for DEFI, what is the most important? Technology, time, or marketing? This may be something that every project party must consider. Although there are some outstanding cases on different levels to support his views, if we investigate carefully, we can actually find that, generally speaking, it is often very important to win the right to speak in the market in terms of time.
Here we give you the most well-known examples, namely uniswap and sushiswap. Uniswap is a technologically leading AMM market-making protocol, but it failed to issue its own tokens before sushiswap, which made it once lagging behind sushiswap. . So how does sushiswap get attention? In fact, the main reason is that sushiswap quickly followed the market trend and issued coins.
Most of the technology and inspiration of Sushiswap are actually derived from uniswap. If you say that sushiswap plagiarism may not be an exaggeration, then even if it is plagiarism, sushiswap can still attract a large number of users to participate, and there is still a big TVL until now. The reason is that sushiswap knows how to issue coins at the right time to consolidate its position.
So in other words, whoever can seize time in the market will seize the opportunity, and time opportunity has become the current contention for most projects. In the Polkadot ecology, the Subscript used by trustbase provides such a time opportunity for the DEFI project.
2. Developer threshold becomes the key to competition
What is most lacking in the current blockchain industry? Is it funding? Or policy or marketing? In fact, they are not, but developers. We all know that the development of Ethereum is relatively slow, so why is it so slow? In fact, the main reason is that the number of core developers is not enough, which has caused major milestones such as Ethereum 2.0 to be repeatedly postponed. Developers have become the top priority of blockchain project development.
For a developer outside of the blockchain industry, entering the currency circle will inevitably experience a period of adaptation and learning. Let’s take Ethereum as an example. At present, most of the contracts on Ethereum are in solidity language, although it is similar to other programming The languages have certain similarities, but at present, there are not many people who are proficient in the solidity language, which has also become an important factor hindering the ecological development of Ethereum.
We all know that the development language of substrate is Rust, and Rust may not be particularly popular. Therefore, if developers want to participate in the development of DEFI products in the Polkadot ecosystem, they have to learn substrate and Rust. For developers, it is necessary The time cost will be relatively high, so in the future, it may also face similar problems with solidity. Even if the project party wants to quickly find a suitable option, it may still be difficult. Therefore, we can speculate that most developers may need to understand the substrate as soon as one month.
The threshold for using Subscript is much lower. Starting from the trustbase testnet, in fact, the official team has received a large number of letters from developers on GitHub and other channels. Among them, 40% of the developers are Java and web-oriented developers. . We all know that Java is currently the most used development language in the world. From this perspective, Subscript's development prospects are not worse than that of substrate, and because it is more grounded, it has more advantages.
Of course, being friendly to Java and web engineers is a strategy for Subscript to attract developers from outside the circle. For the development field, who can attract more developers to use, then who will attract everyone’s attention, and finally will inevitably build more Ecological products.
In this way, trustbase is the first public chain project that supports the Subscript language in the Polkadot ecology. Developers can develop and deploy contracts on trustbase, and then use trustbase's cross-chain tools to perform cross-chain operations, and finally cover Into the entire Polkadot ecology. In the end, it is naturally easy for developers to build the first batch of DEFI projects in the Polkadot ecology, so as to seize the early voice in the market.
3. Summary-Subscript has become the best tool for ecological projects to occupy the market
For the current bull market, there are still relatively few developers in the currency circle, and the market's demand for developers continues unabated. Under such a background, if the DEFI team wants to develop the web3.0 ecology, if the DEFI team wants to catch up with a wave of bull market when Polkadot is hot, then for them, Subscript will become an inevitable choice. In this way, the project products developed based on Subscript in the bull market can quickly occupy the market and start their own brand to meet the needs of the market. Even if the market deteriorates in the later stage, these projects that can be launched quickly in the first phase will have more time and funds to enrich their products in the bear market because of their brand advantages. This is also a very good strategy for the DEFI ecological project. .