What is blockchain? There is no clear standard in the industry, but one thing that can be defined is that blockchains are particularly profitable in this day and age.
It has been two years since I was fully engaged in the blockchain industry, from the original six members of Secret Ape, python to Ethereum to realize alliance chain, and Rust to design CITA. To later Babbitt, bike-sharing designs included a combined mining, BTCC open source mine pool design. And then byTom, Chainmint. As many times as I thought I understood blockchain on such a long enough learning path, I denied my previous knowledge.
Now I will analyze from many current phenomena what is blockchain? If there is anything wrong, please point it out. Thank you very much!
There was a previous article from BM accusing ADA of plagiarism. BTS, Steem, EOS are the most decentralized blockchain. This reminds me of a question THAT I have been wanting to ask BM. BTS can rush to repair overnight when the block is stopped. Is this the most decentralized blockchain?
Today, I accidentally read li Xiaolai’s article: Don’t talk about “decentralization” all day long. Those who don’t understand this article can see it is inconsistent. Xiao teacher first said not to talk about decentralization, and then said that this is not already decentralization? Is Mr. Xiao a teammate of BM? If so, is this supporting BM or punching BM in the face? Then I put this article in the Internet chain technology group for discussion, And Youran put forward many views, which I quite agree with: 1. Immutable cannot be understood as immutable. 2. Decentralization is more reflected in improving production relations and collaboration relations.
The key difference between blockchain and traditional database lies in consensus. The core of consensus is to solve trust. Decentralization is the first attribute of public chain. It should not be completely denied that blockchain has sacrificed decentralization to dramatically improve its performance. For example, EOS is a great attempt, but it should not be exaggerated that if you have sacrificed decentralization, it cannot be compared with Bitcoin, Ethereum, Cardano and other public chains that pursue decentralization. Because EOS is no longer a category of decentralized public chain, for example, it is not possible to compare EOS with IBM database, because it is a category of traditional database. EOS and others fall into the category of alliance chains with super nodes. Traditional database, alliance chain and public chain must coexist for a long time. Time will tell what they are worth.
But behind the atmosphere of technology debate, there is more of a debate about benefits, and speculation on price. The teacher’s attitude of learning, learning and learning is worth learning.
To conclude, what is blockchain? I’m not sure yet, but I’ll divide blockchain into three categories: private chains (traditional data), federated chains (with supernodes that are not equal), and public chains (decentralized, equal nodes). I don’t think one is better than the other. But I will learn to implement the public chain, which is why I left Secret Ape technology in the first place. I think more decentralization, more equality, is the future of chain. Performance will naturally improve as knowledge of underlying hardware matures. But there is no shortage of categories like Cosmos that add nodes as the hardware improves and then go for more decentralization. Now everybody is studying, everybody is discussing. We should salute the team for doing things and exploring hard. At the same time, I also have a weakness, can not see the price touting team, I really despise the price touting team.