Is it harsh to build public chain? Bityuan free public chain bombing coming!
As we all known, the public chain is the underlying infrastructure of the blockchain world. Without the public chain, there will be no DApps such as pass cards, wallets, and spinach games. Therefore, Bitcoin, Ethereum, and EOS are all public chains. The public chain determines the main theme of the story about coin circle and the chain circle. This is why the public chain has been popping up since 2017. Just in China, there are nearly 5,000 public chains. It can be seen that competition on the track is fierce.
However, it is not easy to build a public chain. Last year was the crypto-winter, the exchanges on the top of crypto-ecology faced a dilemma in the volume of transactions. Huobi, OKEx and Binannce have all launched their own public chains, however, no one announced the upcoming of the mainnet launch.
Obviously, crypto exchange is the “cash cow” in the crypto-market. In the first half of last year, the revenue of the Binnance was 300 million US dollars. In 2018, the fee income of the Huobi exceeded 500 million US dollars. For most unprofitable blockchain technology companies, it can be said that those cryto-exchanges are rich and oily. However, even those tops have various resource and R&D investment support, their research of public chain is not as smooth as the outside world imagined. Huobi announced the launch of the Huobi Token chain plan in June last year. The white paper was released six months later. The testnet is expected to be launched in the second half of this year. However, the schedule of the mainnet launch is still not published. Meanwhile, OKEx announced the establishment of OKChain in February last year and a white paper in November but the mainnet is expected to be available until 2020.
What? 2020? It takes more than two years to get the mainnet from the beginning? Yes, according to the experience of the Bityuan development team, public chain development is not easy. It is not easy to find the people who understand the underlying technology development of the blockchain. Even you find the talents, the unimaginable R&D investment probably make you down.
This is why MingXing XU of OKEx will say: “the public chain development project is like eating the elephant, one bite is impossible since too much resources and ecology should be integrated. The completely separate public chain project is difficult to facilitate the establishment of application ecology especially under the bear market.”
If you still eager to develope a public chain
If you do not have talents and money to support the public chain project
Therefore, since then, Bityuan team announces the launch of Parachain (parallel public chain) SuperheroElection. During the event, the team with the most votes will be able to create a parachain for free. Yes, it is completely free.
The Election Rules as follow:
- Visit our website: zhaobi.xyz
- Candidate downloads the registration form, send the finished form to email address email@example.com; or candidate can add wechat number fuzamei-kf for human service.
- After the verification, candidate’s project will be shown on the voting list (official website)
- After the voting deadline, according to the cumulative number of votes in a week, the top1 team will receive the parachain preferred package for free.
- For other project parties, after the votes are cleared, they will enter the next round and continue to compete.
What is Parachain?
Parachain has the characteristics of the public chain, which can issue cryptocurrency, trade, develop Dapp, deploy super nodes, etc. Indeed, parachain is more stable and flexible than publichain.
The parachain is designed on the structure of public chain, which was first mentioned in China by Fuzamei in 2013. Later, Baidu also emphasized on the concept of parachain in its blockchain white paper V1.0.
A major feature of the parachain is the separation of the data deposit and business logic, improving the efficiency of the public chain. Only the instructions and results are placed on the mainchain, the virtual machine is not placed, and the more complicated business logic is implemented on the parachain. The advantage of this is that if there is a problem with the performance of the parachain or the smart contract, the operation of mainchain will not be affected.
Meanwhile, the parachain still has a relatively independent operation. Developer can write a variety of smart contracts, such as issuing various Tokens, establishing their own independent wallets, etc. The transactions only need to be verified by the nodes on the parachain without affecting the mainchain.
The Bityuan is also built based on the Chain33 architecture. At present, several teams have built parachains on Bityuan public chain, including the smart watch, Xingqing; the industrial energy-saving company, Ailimei; and the blockchain mall, Shoppingtomall.
What are you still waiting for? Please join us quickly.