Community Observation: 2019.08.30

Community Observation publishes insightful opinions and interesting thoughts collected from the SimpleChain community. If you have any thoughts/opinions about blockchain/crypto that you’d like to share, feel free to contact us through our Telegram group.

All a Public Chain Needs is One Application

By 帕西法尔

Every time the market goes bearish, people who wake up from the illusion of liquidity will have more reflection.

Every public chain now is all-encompassing and omnipotent. In fact, the vast majority of them are catering to fake demands.

All a public chain needs is to get deeply rooted in one application, such as depositing evidence. Every chain says that it has the function of depositing evidence, but not many chains succeeded in getting judicial cases ruled based on blockchain evidence.

From the perspective of virtual value transfer, Bitcoin is the best. As long as it can become the cornerstone of the uniqueness of the virtual world, its value can continue to rise. We don’t really need to ask it to achieve more functions.

Don’t be greedy, take a proven application, and deepen it. This is the core mission of a blockchain team.

About SimpleChain

SimpleChain is a PoW main chain with flexible sub-chains. Different sub-chains can adopt different kinds of consensus and block data structure as needed, to support a variety of applications and use cases on blockchain. Sub-chains also support sharding to improve performance. This double-layered structure of one main chain and multiple sub-chains can fuel various applications while ensuring the consistency of the network.

Built on Baoquan Chain, SimpleChain’s first sub-chain, Baoquan.com provides electronic data services including electronic evidence service, online evidence gathering service, and copyright protection platform. Based on the non-traceable and non-tamperable features of the blockchain, the advantages of Baoquan.com is that user data can be permanently stored on the blockchain, independent of corporations.

In June 2018, Hangzhou Internet Court of China judged a case of a dispute over information network communication rights. For the first time, the court confirmed the legal effect of the electronic data stored on Baoquan blockchain, and clarified review methods of electronic evidence on blockchain.

We have launched the mainnet beta version in January (see blockchain browser), and we will be launching mainnet official version 1.0 in Q3 this year. Also, our codes are open-sourced on Github.

Find SimpleChain at:

Website: https://www.simplechain.com
Twitter: https://twitter.com/SimpleChain
Medium: https://medium.com/SimpleChain
Facebook: https://www.facebook.com/SimpleChainOfficial
GitHub: https://github.com/simplechain-org
Telegram Group: https://t.me/SimpleChainEN