Remain True to Our Original Aspiration-Introduction of Distributed Commercial Blockchain-BitCherry CEO-Mr.Paul
BitCherry 1st ANNIVERSARY LIVE REVIEW
HOST : Ms.Jessie
GUEST : Mr.Paul
OPENING
Hi, everyone, this is Jessie. Welcome to join BitCherry “ONE YEAR” anniversary event. It’s a great honor for me to be the live show host with BitCherry’s CEO Paul. Today on this special day, we will staying with you together to review one year/last year of BitCherry and introduce you distributed business. Now, let’s welcome BitCherry’s CEO Paul give us an opening remarks, welcome!
Paul: Hi, everyone. Paul is here. Time flies. It has been one year since BitCherry launched.
We are very grateful to get full of support from almost 1 million Bitcherry lovers all over the world. It’s really exciting to have you guys in our ecosystem. Again thank you very much.
Here is a good chance for us to do this AMA in our 1st year anniversary, talking about our updates and the most important thing — technology iteration. We look forward your continuous support.
INTERVIEW SECTION
Question 1：
Q: Briefly explain it BitCherry
A: Well, BitCherry officially approved in 2019, initially our business development direction and angle of view are placed on distributed electricity supplier in this field vertically. In our opinion at the time, e-commerce was indeed a good entry point, because transactions are the most direct commercial embodiment, and the industry of e-commerce can perfectly fit the attributes of blockchain. During this time, we paid special attention to commercialization and business development. It is not difficult for everyone to see that in the last year, we ran to explore business cooperation and established in-depth cooperation with governments and enterprises in some countries. During this period, we also implemented many projects. It can be said that this direction is sustainable and recognized by everyone. At the same time, we have been performing in accordance with the white paper at the time in terms of technology, and all were delivered on time within the specified time nodes. However, when helping enterprises make distributed e-commerce solutions, we gradually found that the current blockchain technology architecture and underlying services they are using are not good support for our solutions. Taking performance alone, It was very unsatisfactory, so when we came back, we were thinking about whether we can jump out of our comfort zone and do some work on the road of the underlying architecture. After several months of remodeling and reconstruction, we finally finalized our version of the white paper, and the public chain has become the main direction of our technology, which is what we are showing today-the world ’s first IPv8 service for distributed business Of scalable blockchain infrastructure.
Question 2：
Q: There are a lot of public chain projects. Moreover, as early as last year, it was known as the first year of the public chain. Is it a bit late to enter the market?
A: According to my personal understanding, last year was actually a low tide period for public chain projects, and it was also a year of falsification. A mature public chain is not yet available on the market. It can only be said that a number of “fake” projects have been eliminated. Of course, excellent projects do exist. In other words, everyone ’s goals are the same, but the means of implementation are different, and the admission time is not a standard to measure the merits of a project. It cannot be said that with IBM, Microsoft, Apple Don’t do it. And for BitCherry, we have a mature community foundation, there are excellent partners, our technical team also have ten years of engineering experience. So I think when it is not too late.
Question 3：
Q: In your opinion, what problems are exposed by the current public chain?
A: Slow, unsafe, and unreasonable governance structure. Of course, this is also a problem that the entire industry has discovered and wants to solve.
Question 4：
Q: What is that BitCherry solution is?
A: In theory, the technical team integrated the Internet ’s many years of engineering experience and proposed BlockChain Plus for the first time, which is intended to improve the current public chain ’s poor scalability, insufficient performance, unreasonable governance structure, and low security through executable technical means. . First of all, on the network protocol, we put forward P2Plus. In short, it is to sink the network protocol to the lower layer IP network layer and data link layer to ensure the reachability and security of point-to-point transmission data. Secondly, in terms of data structure, we adopted HashRelationshipSpectrum technology, which made the consensus layer algorithm and the underlying P2P algorithm highly consistent, and brought high-speed network connection efficiency and high security ledger consensus. In view of the governance structure, we innovatively designed the user value proof PoUc, and conducted a virtual vote with reference to the user’s behavior weight. effectiveness. In the direction of expansion, BitCherry into the concept of fragmentation and side chains, in order to improve the performance of Dapp, through optimizing the economic card network. For detailed technical content, if you are interested, you can follow our new white paper. There are detailed notes and implementation methods inside.
Question 5：
Q: In addition to adjusting the direction of technology, in business direction BitCherry which will make the choice.
A: After BitCherry will face more big companies use our technology to help them mature traditional business of doing block chain. Allow these companies quickly and efficiently deploy their applications on BitCherry.
Question 6：
Q: Ecological, Dapp currently on the market mostly dominated game of chance, what kind of traction BitCherry will be given in ecological applications?
A: explore business cooperation is mainly based on the demands of business, we will build in the future contact with large enterprises, the direction of cooperation is not limited to respect electricity provider, DeFi, supply chain, social, etc., in particular in advancing the next stage of BitCherry The vision focuses on technology leadership, development friendly, user-friendly and commercial recognition. Allow enterprises to complete deployment with the lowest cost. Another direction is the transformation of decentralized services in different detailed industry sectors.
Question 7：
Q: Take the technical, commercial, ecological terms, BitCherry and other items What is the difference?
A: BitCherry provide a one-stop, full-stack block chain services, and some other public chain focus and coverage is not the same, we have a lot of unique things, has great technology and business flexibility.
Question 8：
Q: Back to business perspective, BitCherry how traditional enterprises to enhance their performance? Or is there a case to prove it?
A: Yes, BitCherry can be provided to the user faster and more economical block chain services, in order to address concerns on the technical and user costs. Enterprises can use our platform to verify their ideas as soon as possible. Is this idea helpful to their companies in practical applications? It can be verified with little cost. It can be understood that we are a technical service provider, and enterprises can achieve “carrying bags on the chain”. Take the token-based energy supply chain that we helped the Republic of Congo before. After registering the logistics information and mining information of their mineral resources on the chain, they can save a lot of labor costs, supervision costs, and monitor the entire supply The situation of the chain.
Question 9：
Q: The technology iteration, BitCherry What are the challenges encountered?A: Before the mainnet and commercial launch, technical challenges are definitely the biggest challenges we need to face, because many of the things we propose are new and there is no lesson.
Addition to technology, but I think more is BitCherry value needs to be more people awareness and recognition. But there is a problem. It is difficult for everyone to realize the difference in technology itself. When you do some development and application implementation based on the bottom layer, you will feel the subtle difference between different chains. This is a challenge BitCherry is currently facing.
Question 10：
Q: face technical challenges, BitCherry what coping Why?
A: First, we have this open source code, we will immediately set up a development forum, organized by some of the hackathon, we plan to become a hackathon persistent behavior incentives to encourage more developers to develop based on BitCherry bottom. Help us find problems and solve them together.
Question 11：
Q: How do the BitCherry of globalization? Is there any plan to conduct business in compliance with the national market?
A: As a distributed open platform project, BitCherry global community has continued to expand. A community covering seven languages has been opened to let fans all over the world understand us in any corner. In the past year, our footprint has spread all over the world. In addition, we also set up a team in Europe and embarking on projects landing, the future, BitCherry will conduct compliance business development in different countries and regions, accelerating the pace of globalization. What is in sight is that we will invest in the US, Canada, Germany, Italy, the UK, France, Ukraine, Belarus, Russia, Estonia, Japan, South Korea and other markets.
Question 12:
Q: BitCherry What are your plans on the development or ecology?
A: Like other public chains, we also have our own roadmap. First, we will implement our technology nodes according to the content in the white paper. Afterwards, we will gradually publish the testnet, test data, and launch the mainnet for side chains and points. Upgraded technical details such as tablets, released exclusive wallets, block browsers, etc. As mentioned above, we will make some attempts for decentralized finance. Our goal is to launch 100 + Dapp.
Q&A SECTION
1.User：Except trading, can you further share us more how users can join on platform to build BitCherry ecology, will have measurable incentives method in the future?
Paul: BitCherry believes token holders entitled to participate in the development of the project and decide to go and work on blockchain management, so BitCherry proposed PoUc, all users can participate in PoUc consensus, according to the algorithm they will be automatically selected to the adjacent node and non-adjacent nodes, and conduct virtual voting refer to their ecology weights. The selected node will receive bookkeeping reward.
2.User: Can you share with us the latest achievements your team is most proud of?
Paul：Many people know BitCherry token BCHC created a miracle rose -more than a hundred times rose, but this is not our proudest achievement, after having more competition in the industry, our knowledge our goal became more clear, our team are more cohesive and continues to grow, our community fans are gradually spreading all over the world, brand awareness has steadily increased. These all are our sources of confidence, our most proud achievements.
3.User: Except trading, can you further share us more how users can join on platform to build BitCherry ecology, will have measurable incentives method in the future?
Paul：BitCherry believes token holders entitled to participate in the development of the project and decide to go and work on blockchain management, so BitCherry proposed PoUc, all users can participate in PoUc consensus, according to the algorithm they will be automatically selected to the adjacent node and non-adjacent nodes, and conduct virtual voting refer to their ecology weights. The selected node will receive bookkeeping reward.
4.User: hi Mr. Paul, my Q is What are your major goals to achieve in the next 3–5 years for $BCHC? What are your plans to expand ?
Paul: Expanding distributed business landscape: For traditional businesses, we will actively develop application scenarios, create more convenient and easy-to-use universal blockchain infrastructure for enterprises, and provide them more efficient and convenient blockchain technical solutions. Next step, we will continue to enhance BitCherry’s positive influence in the global market, by looking for the head of businesses, government agencies endorsement. At present, we have partners in the United States, Dubai, Turkey, Indonesia, Vietnam and other places. In the future, we will continue to keep our right position and keep explore.
Deeply empower traditional enterprises: Since project launch, we have been looking for suitable opportunities to educate enterprises and explore cooperation which involved supply chain finance, e-commerce, and basic energy companies. In the next step, we will establish deeper cooperation with our partners to help them to finish blockchain transformation. In addition, we will actively carry out business development to help more influential companies to build distributed business architecture.
Improve Overall Community: besides business and technology, community is always a key point of a project and an important part of a project ecology. Next, we will pay more attention to the output content quality in the community. Now one of our plan is to build developer community to help fans know us through different dimensions. We will actively search cooperate with major educational institutions and organizations through seminars, offline meetup, etc.
5.User：Are you plan to build your token on your own blockchain or it will still be erc20 ?
Paul: We’ll intergrate with Main Chains, Eg ERC 20, EOS etc, we’ll also release our main chain, it’s part of plan, detailed information please follow our new whitepaper published today
Thank everyone for your questions.
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