Disintegration of the multi-channel world: competition in niche public channels

In "Multi-Chain Universe Dismantling Part 1" we talked about part 2 of BTC, ETH and ETH, and in "Multi-Chain Universe Dismantling Part 2" we talked about Polkadot, the most important chain in two years no . , Solana, NEAR and Avalanche protocol, etc.

In the second part of the day, we'll talk about some of the new public announcements that are small but can't be ignored.

01 Kev

Cardano is the most confused person in the circle and no one.

A project that started in 2015 and almost with Ethereum, the smartest contract will not be completed in 2021 (smart contracts have been launched recently).

I don't know what the team has been doing for 6 years. But that's not a problem, most importantly, Cardano's trading capital dominates the top 10 all year round. This year he was temporarily in the top 3.

2021 is not the time when you can live on the dream, the white paper, the designer and other large V-spaces, but has turned into a time when you can watch TVL, watch users, watch community activities and watch a lot of things. of views. measurement data.

Then there is no smart contract. Cardano, with a bit of ecology, was in third place in market value and was looking at the new stepdad below with a charming smile.

Yes, it is a project that national and international circles use to "play". Whether it's the Weibo and WeChat groups around the country, or many of Twitter's veteran aliens, almost everyone jokes about Cardano, and only a few have. Ada.

Some say that Cardano has been promoted locally, and it has been well promoted in many 3rd and 4th tier cities and in Africa. Therefore, it is a little difficult to describe the classification in tertiary value of the market.

Overall, Cardano's market value rankings are a mystery that is making people aware of “SHIB” in the industry community.

However, smart contracts are finally here. Regardless of their operating costs, they are technically at least on the same starting line as other public channels. Let's see if Cardano can further grow product sales over the next 1-2 years.

02 Definition

While the market value of Cardano is unknown, the experience of PCI is another uncertainty for many.

Yes, it's more difficult to understand than Fantom, Avax, Solana and other public channels. Only a few people in the circle can understand the use of PKI technology.

Simply put, Dfinity is a "global computing" system built on the lowest level of blockchain with specialized equipment and centers.

Compared to Ethereum, Dfinity is more of a "computer world". Public channels like Ethereum are "synchronous" state updating systems, while Dfinity is an asynchronous language processing technology.

The advantage of this asynchronous format is that ICP is ideal for integrating traditional Web2 with Web3, video, audio, social, e-commerce.

This is why CanCan uses Douyin on a chain with hundreds of lines of code.

But the shortcomings are just as obvious. Due to asynchrony, the atomicity of the interaction of declining contracts, makes DeFi transmission across other chains difficult in Dfinity.

Fortunately, this problem can be circumvented by other means, including through database procedures such as Banking and Cex, or new plans. We believe we may see an increase in the Dfinity powered Defi ecosystem going forward.

Another thing to look forward to is the proposed merger of Bitcoin and DFINITY in September. The concept uses "chain key crypto technology" to add smart contracts to Bitcoin, and the app integrates directly into the Bitcoin network.

Dfinity smart cards can hold, send and receive bitcoin without the need for a private key. This could be a new concept for "scaling" Bitcoin.

Overall, it looks like Dfinity missed out on this dairy, but there are plenty of areas we could see its voice over the next couple of years. Its technological strategy, devoid of the independence of other public channels, also seeks to use a technology that deserves to be recognized.

I remember a few months ago a technology expert from The Circle said, “You could say that Dfinity's announcement extended the last door to the public tracking chain.

Who will be the last player in the public race? Performance requirements.

03 Algorand - ib

Algorand has two major titles: Turing Award and Opening Ceremony Peak. They are also the two most important links in this public chain.

It's safe to say that we haven't heard much about Algorand's implementation in the past two years since its IPO soared, but in the future Algorand might choose to discuss public speeches from another angle.

It is conformity.

It can be difficult to find a public channel more "compliant" than Algorand. Although the current ecology is small, the above project is a compliance for all financial resources, especially digital securitization, real estate tokenization. , gold tokenization, copyright platform, etc.

Associations and associations are also among the most common government institutions, environmental protection agencies and financial institutions. El Salvador, which previously listed Bitcoin as a fiat currency, said it would use Algorand to build government blockchain infrastructure.

With this in mind, Algorand will invest for the long term, but key compliance practices currently have little competition.

04n shot

In the park, Nervos' name has always been Korea's strongest civilian chain, and some V's have also said, "Nervos must be Ethereum." Arguably the first member of the main group is "the person who understands Ethereum the best in China."

Nervos has two main components, one is layer compatibility for Layer 2, and Nervos, an extension solution currently in use in ETH, can be considered to have been developed from scratch, this is also a record of the state of expansion and fracture. gradually broaden the stakes.

From a technical point of view, Nervos is more of an "evolved version of Ethereum".

However, there are also downsides.

Firstly, the slow development of the ecosystem surprised foreign investors eg USDT, USDC and other stables with no support for Nervos at this time.

The second is POW mode recognition scheme 1. After ETH, in particular internal support for the "industry" sector, the level 1 public channel like POW accounts for the energy of the body of minors, is it feasible? I was a little worried.

However, DAS in Nervos Ecology has embarked on DID and domain names in the Web3.0 age, and because it has benefited from the uncertainty of substantive access, a number can take into account loads multiple locations from multiple channels. Autonomous access points (currently supporting BTC, ETH), CKB, TRX, and ENS can support the Ethereum ecosystem.

Over the next few months, DeFi, NFT and other first-class green projects will start to appear in Nervos.

05 All

It is a public channel with a lot of capital behind it. A16Z, Polychain and Deutsche Telekom, the global communications market with over 244 million mobile phone users ...

What is so special about Celo? The main reason his goal is still a dead Libra and his vision is to "create a financial system that creates the conditions for everyone to thrive," so the economy calls it a decentralized version of Libra.

Celo's design is also very important, unlike most public channels that require a computer to run. , it can send money to other people without knowing the concept of public and private keys, so that stable benefits and payments can be made. It's a necessary thing for Celo.

Celo's current markets are Latin America, Africa and South East Asia, it is understood that many in the region have no financial support, but many have cell phones and 4G. Balance Need I don't know. But I can not. Can you do it on the cello? wait.

06 IoTeX

IOTX was originally a job on the Internet of Things, but in many interconnected areas integration was also planned.

So far it's working very well. On the Internet of Things, like public channels, the IOTX can be seen as "appropriate".

Compatible EVM

There is an improvement of DPOS-Roll-DPoS.

chain bridge crossed through several chains

Basically with these 3 tips you can easily convert DAPP to ETH etc. to the previous one, according to your preferences and not your expertise.

IOTX also has Defi infrastructures, such as DEX, bear rental, etc ... online. A year ago, at this time, IOTX was already anticipating the prospect of a global multi-channel chain and the prospect of a bridge crossing.

And last month, IoTeX announced the MachineFi Vision Handbook and the IoTeX 2.0 Roadmap for Financial Systems, claiming to lead to "a new era of hundreds of millions of financial systems." I cried for years, but I have always been praised.

Today, Iotex has made progress in many chains around the world and used this knowledge to develop Fi technology. When the Internet of Things becomes reality, will MachineFi soon be in the lead?

So far, it seems risky. Other than HNT, I can't think of a project that can compete with IOTX in the area of ​​IoT. Of course, when the Internet of Things arrives, it's a metaphysical question ...