How to choose the "forked road" of the blockchain, the alliance chain or the public chain?

On October 25th, after Xi Jinping, the general secretary of the CPC Central Committee, emphasized the importance of blockchain technology, countless people around the world have paid attention to this emerging field, which is undoubtedly a milestone in the blockchain industry.

After that, the blockchain asset market represented by Bitcoin experienced a series of magical reversals. I believe that after that moment, there are too many people who stay up all night for this.

After the carnival, I finally calmed down, and then I was greeted with a burning anxiety.

As a person outside the industry, how do you choose to contact or enter the industry?

As a person in the industry, how should we deal with the important turning point of the blockchain?

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(Image courtesy of pxhere.com)

The blockchain, a new industry, has not only great potential, but also chaos.

You know, since the birth of the Bitcoin White Paper in 2008, the blockchain has evolved into multiple “branch”s, including:

  1. a public chain represented by Bitcoin and Ethereum;
  2. a coalition chain represented by a Hyperledger, an ant blockchain, or the like;
  3. a private chain represented by JPMorgan Quorum et al;
  4. a fake blockchain project represented by the Ice Tea Block Chain Company, and
  5. All kinds of pyramid schemes, such as pyramid schemes and fund tray projects (the largest number);

The blockchain emphasized by General Secretary Xi clearly points to (2) the alliance chain, while (1) the public chain does not seem to receive the support of the state, the last (4) fake blockchain and (5) MLM projects will face a more severe blow.

Although the above various blockchain projects will become more and more active, for participants, we need to polish our eyes and avoid participating in the fake blockchain project that will be attacked.

First, the highlight of the alliance chain

In the alliance chain, the bookkeeper of the book is only open to a limited member of a certain alliance group, and the generation of the book block is jointly determined by the nodes participating in the consensus. Such blockchain does not need to be similar to BTC (bitcoin), ETH (Ether Such a native asset as a bookkeeping incentive, because the alliance chain sacrificed the decentralized attribute, the transaction performance of the book is easier to expand than the public chain, in addition, the alliance chain has another important feature: it is more Easy to regulate.

It is precisely because of these characteristics that the alliance chain is finally recognized by the state, including technology giants such as Tencent, Alibaba, and Baidu, which are already deploying related alliance chain projects.

This is the highlight moment of the alliance chain!

However, before General Secretary Xi’s affirmation of the important position of blockchain technology, the days of the alliance chain are not good, which has a lot to do with the divestiture of asset speculation (users have no incentive to take the initiative to participate in the project construction). Therefore, the media are paying more attention to public-chain projects such as Bitcoin and Ethereum that have direct links with the public.

From now on, the situation is likely to change dramatically.

Undoubtedly, there will be more resources in the direction of the alliance chain and industrial (practical) blockchain, whether it is people, enterprises, media, academics or government.

And this will bring a series of changes, the alliance chain has already ushered in the spring that belongs to it!

Blockchain war between countries

One night before General Secretary Xi publicly promoted the blockchain technology to the national strategy, Mark Zuckerberg, the founder of Facebook on the other side of the Atlantic, used the "siege" of the US Congress hearings. The United States does not do this, China will lead the words to fight for the launch of its Libra project.

Although the two incidents are somewhat coincidental, the signals revealed are very obvious: the blockchain technology war has risen to the national level!

After China’s position, will other countries be far behind?

The public chain represented by Bitcoin will usher in a large wave of traffic and will face more tests and supervision.

"The alliance chain belongs to the present, and the public chain belongs to the future." This is what I have previously held, and up to now, my views remain unchanged.

Although the public chain such as Bitcoin is not actually a blockchain strongly supported by the state, as a more innovative blockchain branch, their existence has basically been acquiesced (but not supported) by the regulatory authorities.

As more and more people gradually come into contact with the concept of blockchain that they dare not touch before, the public chain will usher in a test while welcoming more potential users.

Specifically, the current public infrastructure is still not perfect, and the user experience is still very bad. At this time, the influx of too many users is very important for the competition between the public chain and other "trusted" blockchains. Adverse.

In addition, the various problems introduced by the blockchain's primary assets have also led to more regulation in the public chain, and even new laws will be born.

This is a very big opportunity for the public chain, but it also means difficult challenges.

There will be more and more scams under the banner of the blockchain, and the country will vigorously crack down.

In addition, the country's strong support for blockchain technology will inevitably lead to more scams, and for such projects, it will only strike, and the intensity will be greater and greater.

As ordinary citizens, we need to carefully identify such scam projects and avoid participating in them (common scam labels, such as “promise high returns”, “obvious fraud”, “remaining back doors”, etc.).

It should be noted that not only the technology of the blockchain is advancing, but also the tactics of the relevant scams are constantly evolving. It is necessary to maintain a cautious attitude and conduct sufficient investigation and verification.

summary:

From now on, the blockchain industry will enter a stage of rapid development, the alliance chain will become the focus, and the public chain will encounter more challenges.

Is the choice of the alliance chain or the choice of the public chain? This is a road in two different directions, which will eventually lead to very different results, and this seems to be the choice that most people will face.

(Note: The above only represents the individual's opinion)