Wuzhen·On the next generation of blockchain, the key point is to have these!

On the afternoon of November 8, the “2019 World Blockchain Conference·Wuzhen” hosted by Babbitt continued. In the sub-forum “Technology changes the world: the underlying infrastructure of the blockchain”, the founder of the Orange Book, Li Yang, Findora CEO Charles Lu, PlatON Chief Investment Officer Tang Honggang, Shenzhen Shouheng Internet of Things Technology Co., Ltd. Consultant Zhang Haoming, Yunxiang Blockchain founder Huang Butian, Animo Network founder Dr.Felix Xia and Thinkkey founder Dai Weiguo together in the title of “Next Generation District” The theme of the blockchain underlying infrastructure has launched a brainstorming in the theme roundtable forum.

In this theme event, “privacy” and “integration of the public chain and the alliance chain” became the most mentioned keywords.

▲From left to right: Li Yang, Charles Lu, Tang Honggang, Zhang Haoming, Huang Butian, Dr. Felix Xia, Dai Weiguo

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Activity sentence:

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Dai Weiguo : I think that as the infrastructure, the final technology of all chains will converge. I think this will be the same. Whether you are a public chain or a coalition chain, you should be a concept that covers the public chain and the alliance chain.

Tang Honggang : Everyone thinks that TPS is the core. We don't think it is right, because many chains claim to be 100,000 and millions, but let's not say that it is a million. I can thank you for doing 100,000. In fact, the industry-recognized data can do a thousand, and it is good to use Byzantium, so this is a fact. Who told you that you can do 100,000, a million, this is bragging, this is what I think is wrong.

Felix Xia : Many people talk about the "impossible triangle". The "impossible triangle" is of course correct. The three forces of "impossible triangle" are mutually restrained, but the triangle is very beautiful, and the triangle is a stable structure. To reach balance, this is correct. Also, I don't think we can purely pursue decentralization, because when the real scene is applied, you will find that the three corners are the most beautiful when they reach balance.

Huang Butian : To say a metaphor, the public chain is the most extensive trust, a borderless trust, and the alliance chain is more trust between groups or institutions.

Charles Lu : We think that the client's problem is the biggest resistance, such as private key management facilities, hosting facilities, etc., which requires a lot of development work.

Zhang Haoming : I think the next generation of the public chain direction is more in its application scenarios, including its compiling and maneuverability. Of course, in the blockchain application of 3.0, from the division of the industry and to the subdivision, it can really make more contributions to the society. I think it is a better direction.

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The following is the main content of the roundtable forum, organized by Babbitt.

Question: If there is a next-generation infrastructure, what kind of special capabilities do you think it will have?

Charles Lu : Hello everyone, I am Charles Lu, CEO of Findora. I think privacy is a financial need. Most applications require privacy, so we think the next generation definitely needs privacy.

Tang Honggang : We said that the first generation of public-chain bitcoin actually introduced the concept of decentralization. The second-generation public chain, Ethereum, invented the smart contract, which enabled the blockchain to have programming capabilities. In fact, a large part of the blockchain application is driven, and the core of the third-generation public chain is how to protect privacy.

Zhang Haoming : I think the next generation of the public chain direction is more in its application scenarios, including its compiling and maneuverability. Of course, in the blockchain application of 3.0, from the division of the industry and to the subdivision, it can really make more contributions to the society. I think it is a better direction.

Huang Butian : The next generation of blockchain infrastructure should be a converged chain structure of alliance chain + cross-chain + public chain. I think this is a relatively commercial, relatively reliable or scalable commercial-grade block. Chain infrastructure solutions.

Dr.Felix Xia : I believe that the next generation of blockchain and public chain infrastructure must be related to technology and human development. Although I don't know what it is, it must be related to 5G. I think the next whistle, like the theme of today's conference, is the application and landing, truly empowering this society, this is valuable.

Dai Weiguo : Actually, I think Bitcoin and Ethereum are both 1.0. I don't think there is a 2.0 difference between them. All of its logic is the logic of doing business from the logic of the underlying chain. For the current blockchain, the most important point is that there is really a blockchain that can be used by everyone. This is the most important point. Secondly, I think that as the infrastructure, the final technology of all chains will converge. I think this will be the same. Whether you are a public chain or a coalition chain, you should be a concept that covers the public chain and the alliance chain. .

(Photo: Dai Weiguo, founder of Thinkey)

Question: What do you think is the biggest resistance to privacy computing in the blockchain industry?

Charles Lu : We think that the client's problem is the biggest resistance, such as private key management facilities, hosting facilities, etc., which requires a lot of development work.

Tang Honggang : I think the difficulty is divided into several major aspects: I think that there are relatively big obstacles in the first technology, and second, the habits of users have not changed. The third business environment is not particularly suitable. The fourth policy supervision is also One problem, there was no particularly good regulation before.

(Photo: Tang Honggang, Chief Investment Officer of PlatON)

Question: Now that the alliance chain and the public chain are distinct, can you specifically describe how they are integrated?

Huang Butian : Our research team proposed an architecture for the aggregation chain, as I said before, the alliance chain + cross-chain + public chain architecture. To say a metaphor, the public chain is the most extensive trust, a borderless trust, and the alliance chain is more trust between groups or institutions.

Dai Weiguo : You can't put all the information on the public chain, but you want me to put a lot of business on another dimension, I hope to spread my information on a larger scale. I think this is very important. From this perspective, you need to open up the alliance chain and the public chain. So you need to use cross-chain, alliance chain and public chain two kinds of credit certificates, which are essentially different in security, but it does not mean that you can cross, it can be cross-over, as long as you believe it, it is useful.

(Photo: Huang Butian, founder of Yunxiang Blockchain)

Question: Regarding the next generation of public chains, what do you think is right, but others do not think so.

Tang Honggang : Everyone thinks that TPS is the core. We don't think it is right, because many chains claim to be 100,000 and millions, but let's not say that it is a million. I can thank you for doing 100,000. In fact, the industry-recognized data can do a thousand, and it is good to use Byzantium, so this is a fact. Who told you that you can do 100,000, a million, this is bragging, this is what I think is wrong.

Felix Xia : Many people talk about the "impossible triangle". The "impossible triangle" is of course correct. The three forces of "impossible triangle" are mutually restrained, but the triangle is very beautiful, and the triangle is a stable structure. To reach balance, this is correct. Also, I feel that I can't purely pursue decentralization, because when the real scene is applied, you will find that the three corners are the most beautiful when they reach balance, thank you.

(Photo: Dr. Felix Xia, founder of Animo Network)

Li Yang: To sum up, in fact, we have discussed two core points. The underlying infrastructure of the next generation blockchain must have strong privacy functions, and at the same time, it can have more application space in the alliance chain and the public chain, so it must be related to industry. The combination can no longer be a purely asset-based game in the chain like BTC or completely related to assets, but must be a new infrastructure that is completely integrated with industry, so that it is possible to create a new era.

thank you all! Thank you all!

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