Notes | Gartner: Most blockchain technologies have a five to ten year time away from the impact of change

Shinji Satoshi: The best quality article of 5 cryptocurrencies is selected every day.

Today's content includes: 1 Gartner 2019 hype cycle: Most blockchain technology distance change has five to ten years 2 Outlier Ventures investment paper: Tomorrow's cryptocurrency field Unicorn 3 DAO and missing links: Reputation Agreement 4 Decred's experiment: Can decentralization help Mexico? 5 Decred Investment Papers

Gartner's 2019 hype cycle: Most blockchain technologies are still five to ten years away from the impact of change

Gartner Inc.'s 2019 blockchain technology hype cycle shows that the blockchain is falling into the illusion. With the advancement of technology and the continuous introduction of practical use cases that are uniquely supported by the blockchain, the market will begin to climb from this trough by 2021.

Avivah Litan, analyst and vice president of research at Gartner, said: "The blockchain technology has not yet reached its climax, and most enterprise blockchain projects are in a trial mode." "The blockchain has not yet been able to trigger digital business across the entire business ecosystem." The revolution, and at least until 2028, when Gartner hoped that the blockchain could be fully expanded in terms of technology and operations."

“We have witnessed many developments in blockchain technology that will change the current landscape. By 2023, the blockchain platform will be scalable, interoperable, and will support smart contract portability and cross-chain functionality. Trusted private transactions will be supported with the required data confidentiality. In short, advances in these technologies will bring us closer to mainstream blockchains and decentralized websites, also known as Web 3.0."

Blockchain interoperability, smart contract portability and cross-chain functionality, and data privacy and key management developments have brought us closer to the mainstream blockchain and Web 3.0.

Full text link: -10-years-away-from-transformational-impact

Outlier Ventures: tomorrow's crypto currency field unicorn

This is Jamie Burke's latest investment logic for Outlier Capital, and I think his two points about large-scale applications and capital consolidation trends in the industry are quite good.

After introducing any new disruptive innovations, the technology cycle is always in the speculative phase as the market tries to determine the size and timing of market opportunities. Usually accompanied by a period of crazy experimentation, these experiments are driven by loose capital. In the field of cryptocurrencies, this has been going on for five years because the world realizes that “blockchain” is more than just bitcoin. Now that we are in a new phase, the underlying asset class will not grow meaningfully unless there is a real and ongoing demand for the agreement and their tokens are put into production. However, those who effectively “cross this gap” will continue to define the Internet as their new blue chip.

When people talk about large-scale applications, it usually means 99% of consumers. But to achieve this, you need DApps that can compete not only on Web 2.0 Apps: faster, cheaper, better, and perhaps more private. However, today's "more decentralization" is only compromised in a limited number of use cases, and regulatory arbitrage is crucial, such as gambling, pornography, the black market, capital flight or the trial of DeFi. .

The next stage of the unicorn will be those who really need the network's intentional or unintentional utilities, just like wallets and exchanges speculating. These types of organizations will provide middleware that makes the stack easy to use while providing a financial layer that allows a stable SaaS business model to appear at the top level and embody invisible protocol arguments. They may issue basic tokens as a supply of digital goods to meet their needs created through innovative new business models and replace the exchange as a major distribution channel for real utilities over time.

Today, this market is both new and often still in the seed/seed phase and therefore highly fragmented. This means that in the next 3-5 years, this area will inevitably undergo large-scale integration to create organizations that can scale to meet demand, especially for large enterprise customers. Leaders like Microsoft and IBM, including Accenture, Deloitte or Oracle leaders, are expected to join and participate in large-scale M&A transactions.

An important fact that may accelerate this argument seems to be that the only venture capital still deployed in the field has the so-called “token fatigue”, which now requires a currency network before or after the token network, which requires more Multi-traditional income-generating equity business. Moreover, these people will be more and more shot.

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DAO and missing links: reputation agreement

2019 is the year of DAO. The author is the founder of the reputation agreement SourceCred. The article mainly explores the general problems faced by DAO and discusses the trade-offs among them.

To build trust, DAO typically relies on some type of reputation system. Reputation agreements typically use one of two basic strategies: measuring reputation based on past behavior, or measuring reputation based on a trust graph (ie, the trustworthiness of a connection). Both of these methods are vulnerable to Sibyl attacks, in which an attacker creates a large number of anonymous identities and uses them to achieve a disproportionately large impact.

Reputation-based networks (such as Google, Facebook, and Twitter) defend against Sibyl attacks (false users, robots, spam links, etc.) by using proprietary closed source data and algorithms trained to identify and kill Sibyl identities. By definition, DAO cannot do without introducing centralized.

The most difficult coordination problem facing DAO may be to reach consensus on important decisions without relying on centralized permissions.

The author then gave SourceCred's solution: "Prodection of Contributions" (PoC), a way of resisting traders to assign governance.

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Decred's experiment: Can decentralization help Mexico?

The author evok3d is a member of Decre's community and is divided into three parts to explore the feasibility of introducing cryptocurrencies and decentralized systems in emerging economies such as Mexico.

The idealized cryptocurrency representation is Bitcoin, but the authors used DCR to experiment with Decred's decentralized governance and self-funding system. I like this kind of experiment and article very much, very realistic and simple.

The summary of some of the points inside is still quite interesting:

One of the most promising use cases is value storage. More than 70% of respondents believe that the Mexican peso will depreciate against the US dollar in the next 1-3 years… We live in a place where people are willing to exchange freedom, security and privacy for convenience. An important part of decentralization in the world is personal responsibility. This means that we may need to educate ourselves – "a powerful force is accompanied by a huge responsibility…"

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Decred: Investment argument

Decred investment paper written by Wally Hansen, why should you buy DCR? The author wrote very long. And there are a lot of reference materials available, there is investment logic and the meaning of popular science.

In a nutshell, the investment argument can be summed up as: Digital assets developed for the digital age: a strong governance framework, strong security, robust currency features, privacy features, and innovative incentives across network participants

This is the author's investment argument: – The hybrid PoW / PoS consensus mechanism adjusts the incentives for network participants and creates a blockchain that is safer than Bitcoin (based on the percentage of attack costs to market capitalization). – Provide chain governance with true democratic adaptability. – Robust funding scarcity (will create only 21 million DCRs, governance participation requirements will further drive over-demand), auditability (private keys protected by cryptography), and portable devices with reliable deflation features. – More than 50% of the approximately 10.3 million DCR circulation is locked into the project's PoS mechanism with an average mortgage period of approximately 28 days. – Since mid-2018, the hash rate has increased by approximately 15 times (approximately 40,000 TH / s to approximately 600,000 TH / s). – Privacy and alternative enhancements are under development, and the recently released Decred privacy solution shows the first version of a simple, creative solution for the team. – Decred has $150,000-$200,000 in development funding, which is self-funding and can be transitioned to full autonomy in the future, and will provide a huge competitive advantage as Decred's network value increases. – Development benefiting from Lightning Network's implementation and payment integration support is considered a payment use case. – Be proactive, focus on long-term development communities, be motivated to act for the greatest benefit to increase the value of the network. – Although it is one of the most basic strong cryptocurrencies available, it is seriously underestimated.

From my point of view, if it is an investment paper, it is a bit too milky, but if it is a popular science, it is very high quality.

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