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The blockchain train has emerged from the era of underlying technology, and is flying all the way to the product era. People who enjoy Internet benefits may not know that the Internet was questioned and criticized by all kinds of guests in the TV era, just like this moment. Bitcoin is the same as blockchain.
Now, comments on Bitcoin and blockchain are still coming in from the outside world. What is their value, meaning, and direction? These old-fashioned questions emerge in an endless stream. In the lively talked articles, disdain, questioning, confusion and even anger are present. After a meal is mixed with vested interests and comfortable ideas, and technology and ideas ignore human emotions, the blockchain train has been born from the era of underlying technology, and is flying all the way to the product era.
The blockchain-based value revolution is unstoppable
Every asset can be tokenized, and then flow within 7*24 hours. You can complete a credible exchange with any asset in the world anywhere. This is a sentence that human society has never been able to compare with, "I How much money is there and what can I do".
Eighty percent of human anxiety stems from this. To measure how much money you have, you need to first determine which things are yours. Therefore, ushering in the era of human rights and interests, confirm that land, houses, and companies are yours, and confirm the rights. Later, due to the need to divide the value during exchange, mankind has ushered in the era of securitization. You have to use money to buy milk powder, and then you can sell your company's stock. What does mankind need after the right is confirmed? At the same time, many other assets cannot be securitized. Human assets have a particularly poor circulation capacity before this. Until they encounter the block chain, the assets in the block chain can be confirmed, securitized, and tokenized at the same time. Free circulation, and almost no threshold, the formation of a large number of asset tokens is the real value network in which people can freely carry out various exchanges, and people’s property has evolved from the era of equity, to the era of securitization, to tokens In the age of transformation, free from the shackles of ownership and no longer hold gold bricks to eat, that is, the right to use time is king, and the right to use carried by tokens can easily meet the needs of people.
The year 2000 was the boundary of the Internet. It used to be the era of the underlying Internet technology, and then the era of Internet product application. After the good expectations of mankind and the capital bubble, Internet technology gradually matured and evolved, ushering in the golden decade of product application in the new century. , The Internet is not just e-mail, but a variety of applications blooming, developing into a colorful world, rising into a network civilization, and profoundly affecting human society.
Perhaps, 2021 is also the dividing line of the blockchain. From 2008 to 2021, in the more than ten years after the birth of the blockchain, the underlying technology has been difficult to verify and develop. On the basis of predecessors, Satoshi Nakamoto adopted In the past few years, geeks have continued to explore the depth and breadth of the blockchain, such as proof of equity (POS), DPOS, DAG, etc., integrating technologies such as proof of work, hashing algorithms, elliptical algorithms, and digital signatures. And isolation certification, lightning network, etc., and a lot of technical research has emerged,
From decentralized currency, decentralized applications (DAPP), decentralized smart contract economy (DAE) to distributed smart communities (DAS), the ideological form is also constantly evolving.
Under the decentralized security feature, the blockchain sacrifices some efficiency. For example, the blockchain network of Bitcoin, while the blockchain network of Ethereum only processes about 1.2 million to 1.5 million transactions per day. In other words, we can narrow the scope a bit, and then it can be said that Bitcoin carries the free issuance and circulation of currency and asset markets, while Ethereum carries the free issuance and circulation of the stock market. Of course, among these, Ethereum naturally It also carries part of Bitcoin's market functions.
Obviously, the blockchain does not carry the free release and circulation of various values of tens of billions of people like a value network. If combined with the Internet of Things, then it is the exchange and circulation of value information between trillions of machines. Developers can develop various types of applications on this basis, ushering in the tide of DAPP. Therefore, the blockchain is facing the tens of billions of people and trillions of machines, human to human, human to machine, machine to machine, all of which can be intelligently connected through the blockchain network to realize value intelligently. The exchange and credible transmission of the tokens can be tokens of human assets, tokens of work results, tokens of machine labor results, or the right to use the machine in a certain period of time.
I want to give you an example of applying blockchain products and financial trading markets. In the real world, the stock markets and futures markets of various countries are not connected to each other. Each country has a financial office, a securities regulatory commission, and a banking regulatory commission. Various types of securities firms, funds, retail investors, countries, institutions, values, and values are all separated. They all need the state as an intermediate link to bond them together. Circulation requires permission and liquidation. Settlement.
Therefore, some people say that generations of elite ideas have been applied to the design of financial transactions, and if the underlying financial transaction market is a blockchain, then it will be much simpler without clearing and settlement. , There is no need for any intermediary agency, running smart instructions, smart contracts, and automatically engaging many tedious value swaps and trust transfers. If you tell a traditional securities trader, say a simple, decentralized currency transaction Therefore, he will feel that his mind will explode. He can never imagine not only that he is abandoned by the times, but also that their company's servers are also abandoned. Then, is it possible to realize a more complex investment trading market? At present, many blockchain teams have been developing in this direction. What they have done is smart investment agreements, providing quantitative investment tools written by smart contracts, digital asset currency issuance tools, and a complete set of tools for strategy generation.
In the era of blockchain product application, if you want to let your mind go, I think there should be such a scenario, that is the exchange of value between people, just like when I write an article and get a token, It can be replaced by the psychologist’s half-hour speech therapy for me. This requires a large enough node network to form a free market. The blockchain will confirm and tokenize the labor of me and the psychologist, and the market will automatically The formation of the exchange rate and the trusted transmission of the blockchain is just a brain hole. The rigid demand may not be very strong, but the rigid demand market of labor exchange under the blockchain is already being developed by a team.
In the era of blockchain product application, not only the original Internet product applications will be transplanted, but also many unimaginable new applications will be created. Just like in 1995, everyone's imagination of the Internet is only limited to e-mail, online games and vague For e-shopping, we only need to remember the seven words "blockchain, value network", and we can have more and better expectations for the era of blockchain application.
From the age of underlying technology to the age of products, the blockchain is a full-speed train. Keep your head down to learn and research. If you still look up arrogantly, the wind will blow your hat off when the train passes by you.