Who is still standing on the battlefield of the public chains? Can CVT bring blockchain 3.0?
From the second half of 2018 to the present, the overall crypto space has been sluggish: IEO projects have sprung up one after another, accompanied by projects that run away with funds; or media operations cannot go on; or when the currency prices are low and there was delisting of a large number of currencies on exchanges; The cost of mining has become higher, a large number of mines have closed, and mainstream coins and altcoins have entered a downward trend. Now, what about the various public chains that were born from Ethereum since 2017?
Hundreds of public chains competed but no application emerges
Beginning in the second half of 2018, the digital currency market has gradually calmed down and fell into a trough. The public chain war has gone from unprecedented grandeur to a mess. However, at the end of October last year, the trend of “blockchain+” and industrial applications became popular throughout certain parts of the world.
2020 is called the first year of blockchain ecological application implementation by the industry, and public chain projects born in 2017 and 2018 have gradually reached the year to show their works, such as Cosmos, Nervos, and Polkadot. At that time, the concept and currency price flew together, and the public chain space was not unpopular. Taking the analogy of the mobile Internet, the public chain is equivalent to the mobile operating system iOS or Android, and developers can develop blockchain-based applications on the public chain. However, the status quo of the industry is that there are a large number of public chains (operating systems) on the market, but there are few applications. A public chain developer likened it to “the roots are very large and there are no leaves.”
Many people say that there are not many applications that actually run on the blockchain. In this regard, let us first understand the current status of public chains, which can be roughly divided into four categories. Perhaps in each category, you can think of some representative public chain projects, and you can roughly figure out which projects are public chains that actually have applications.
(1) Disappeared completely
The blockchain industry is still in its infancy, and most projects are doing things with the mentality of disappearing after earning some profits. The development of most public chains has fallen into a bottleneck area. The project cannot solve its own internal problems, and there are no outstanding technical highlights to attract the public’s attention. Finally, it results in the team disappearing completely. The community no longer operates and is all advertising, and the weekly report is no longer reported, and the market strategy that has been released is nowhere to be seen…
(2) Hyping the emerging trends
Fewer and fewer public chain projects can survive, but still you can see the banners of “beyond ETH and EOS”, “commercial-grade public chain”, “world-class transaction speed”, and “completely decentralized” In the case of public chain projects, even without any technological development process. They would just copy and paste the white paper, casually claiming to be able to smash old projects. It is hoped that the majority of investors will have the insight to distinguish true and false projects, and success cannot be achieved overnight. Especially in recent days, concepts such as Defi, DAO, oracle, DEX are hot, and fake projects are emerging in endlessly!
(3) Technology cannot breakthrough, can only talk
Of course, there are still many serious technology development projects, but now the entire industry has not made breakthrough progress and can only get through the bear market occasionally. Therefore, this kind of project is in a state of half-dead, waiting for the next wave of trends and when the general environment is good. They have not only dragged down the time of most investors, but also consumed their own time.
(4) The accumulation of star public chains
In a healthy ecology, if the public chain develops smoothly, it does not benefit much. It should be normal if it is constantly challenged to evolve. Therefore, some public chains have “fallen” and have been controversial along the way, but they have never given up chasing and have attracted attention. CyberVein has spent enough time and energy on technology to make the vision of the blockchain come true, so that supporters will not only reap the return on investment, but also enjoy the future technical dividends of CVT. Such commercial public chains are bound to maximize the commercial value of nodes.
Competition between public chains, what does CyberVein have to compete?
The number of participating players in the blockchain world has increased, with public chain players + national team + giant team. Moreover, some things that the public chain originally talked about are a bit clichéd, and most of them are still talking about TPS. Although there are discussions on blockchain applications and products, they have not really developed up to now, and public chains do need to develop infrastructure and daily applications. Therefore, a public chain with potential is bound to be good at business and application implementation, which can help it to penetrate every corner of society.
In fact, “being able to rise in the current environment” itself is a highlight of the public chain. After all, public chain development is a long one. Projects that can persevere in the potentially harsh environment will have “their own protective aura”! Compared with countries with stronger R&D capabilities, CyberVein has released papers. As a unicorn public chain in the industry, what are the highlights of CyberVein?
(1) Some extensions based on the public chain
In order to provide decentralized products and services to a wider user base, CyberVein has innovatively created DAG storage chains, decentralized databases, federated learning encrypted data stream platform, and computing power integration platform, which It can meet the needs of various chain reforms. CyberVein improves the existing Internet infrastructure with higher efficiency and lower cost and introduces more efficient information and value flow through the blockchain to ensure the advantages and rapid development of the public chain.
(2) Invest more market resources
The public chain is a globalized open system. The development of the public chain is regarded as the development of globalization, not just investing time and resources. With the implementation of the technology, when formulating the market plan and development strategy for 2020, CyberVein will consider pooling resources from all over the world to redesign itself — extensively establish geek communities, attract like-minded and outstanding developers, and provide valuable suggestions for the construction of applications and services of CyberVein. In the long run, CyberVein public chain will have stronger execution power because of these developers, and increase the user penetration rate, resulting in better DAPP and a more profitable ecology.
(3) Serving the real economy
Innovative iterations in the blockchain field have been going on. At present, the key to affecting the competitive landscape of the public chain lies in whether the technology is implemented and whether it can serve the real economy as soon as possible, especially enterprise-level business collaboration, governance, and security. The underlying public chain technology of CyberVein has matured. There is an open distributed network to verify and support the core technology of the alliance chain. There are “Smart City Security”, “University Teaching System” and “Federated Learning Modelling” and other application areas, and can fully support personal, government and enterprise use. This will also have a deeper impact on the ecology and competition of the public chain.
Are you still worried about the plight of the public chain? The road to salvation is obvious
In the face of a changing market everyday, as well as rising greed and panic, coupled with a lack of understanding of the business logic of the public chain, many public chains have also experienced numerous “dilemmas” such as layoffs, runaways, and zeroing. But don’t worry, if there is no public chain, then blockchain is not called the blockchain. Some things are the emperor’s new clothes, which can’t stand the test of time and the words of innocent children.
Let CyberVein get through the last mile of the public chain
From a one-year perspective, if the public chain wants to be fully developed, there is really not enough time. From the perspective of the two-year time dimension, it is impossible to complete the application and start a real large-scale implementation. However, looking at the third year, CyberVein’s time is just right to improve infrastructure, solve performance problems, and start the rise of public chains. Standing at the starting point of the first year of blockchain applcations, CyberVein is one of the few projects in the public chain that is still insisting on development and planning. The code is being developed steadily and the ecology is growing steadily. It can be expected that CyberVein will reap much results when it “shoots”.