A&T TALK Issue 1 — Summary
【Chain war 2.0｜Who will win in 2022? 】01\14\2022
- @toddz_crypto: Researcher of A&T Capital.
- @Dominator0081: Core Development Engineer at Celer Network.
- @CryptooSpecter: Co-founder of OwnershipLabs, Partner of BTCU.
- @nake13: Independent researcher.
- @bitouq： Youtuber KOL.
- @zeroonerobin: Founder of zero one.
1. Any innovations in L1s recently?
@Dominator0081: It’s hard to have any breakthrough in the current industry while blockchain is becoming modularized. Less innovation emerges in the base layer, whereas more in the areas such as the combination of modules, the design of UI, and innovation among upper and application levels. Only the minority consider a brand-new design as necessary.
2. How to protect privacy through bottom — layer innovations?
@Dominator0081: While current technology can only keep transaction details unidentifiable (e.g. hiding transaction address and amount), there is still no fundamental innovation.
@CryptooSpecter: For example, in encrypting, Avalanche chooses TE, and CKB uses custom privacy directives.
3. What is the next theme of chain battle？
@nake13: Innovations on Ethereum will still be the main topic. Although Solana grew rapidly last year, it still doesn’t make much sense to have another similar blockchain just like Solana. We still need to make more efforts on technology innovations (instead of just some trivial application layer changes).
@toddz_crypto: we can consider this from the done side, the demand side, I believe the application innovations will lead to the development of chains. For instance, the development of gamefi has already forced the innovations of ‘gamefi specific chain’.
@zeroonerobin: For developers, new products are actually what they want to build. It will be quite boring if we simply migrate a dapp from layer 1 to layer 2. The most exciting thing that we are expecting in 2022 is that more and more Web2 developers will join us in Web3. The crypto market as a whole will move rapidly as well. In the meantime, however, we will definitely hear more and more different voices, face more and more new opportunities, which will make it more difficult for developers to stay focused on their work.
@bitouq: I think most innovations are still goanna happen on Ethereum. Personally, I am looking forward to the development of Cosmos and Polkadot. The market is expecting something different; people are kind of getting bored with EVM. Users need fresh experiences, but the status of Etheruem is still difficult to shake, which leads an unfair situation — new things need to fit the old habits of users.
4. What new trends are happening?
@D: From my perspective, it is the integration of web2 and web3. Web3 forces web2 to change. Currently, not many supports from web2 are seen in web3. We are still using plug-ins to interact with web3 Dapps. Browsers should have their own blockchain wallet instead of using a metamask plug-in. There are some good examples, CKB can support email login, but the private key is still in the hands of the user, so I would prefer to see web2 embracing the use of web3.
@CryptooSpecter: The architecture of the future blockchains is more likely to be layered and sharded. The logic of the avalanche setting is very clever. It can also generate application chains on the platform chain like Polkadot. I feel that the application chain of Avalanche will also see its own “summer” next year. In addition, blockchains with zkp tech like mina may also be a big thing next year.
5. What factors should developers consider when choosing a chain?
@CryptooSpecter: Try to invest heavily in ETH, Solana is also worth considering since it attracts a huge amount of investment. Investors may also consider ICP recently because ICP is a brand new thing. But it is also inconvenient for developers while ICP is not fully open-sourced.
6. In the new year, chains worth investing in?
Near: The developer team has a strong tech background, the sharding protocol is well designed, and the current valuation is low. While there are still some points that need to be noticed, like its development is relatively slow, and the experience of using Rainbow Bridge is not so well. But we are seeing more and more fundraising happening in Near. About sharding, this has not been implemented while the market demand size is not there yet (over 1000 TPS requirements).
Solana: The market always need a non-EVM blockchain to try some potential besides Ethereum paradigm, and Solana has the best fundament in this track: really high TPS offers a great user experience while new users don’t care about decentralization and the bottom structure of the chain.
7. Who will be the winner of the new chain in the new year?
@toddz_crypto: Arweave, under the trend of Web3. While ETH can’t solve data storage and asynchronous call pretty well with the current paradigm, Arweave is more suitable for Web3 applications with more complicated data types and large storage needs.
- @toddz_crypto： A&T Capital研究员。
- @Dominator0081：Celer Network的核心开发工程师。
- @CryptooSpecter： Co-founder of OwnershipLabs， BTCU社区合伙人。
- @bitouq: Youtuber KOL。
- @zeroonerobin: Zero one founder。