A wave of infrastructure sweeps through the thriving blockchain ecosystem

The two big players in the crypto blockchain market are BTC and ETH.

As of January 12, the total market value of crypto assets was $ 20 trillion, of which BTC and ETH were respectively 40.2% and 19.2% of the total market value. This means that in the 16,000 times larger real estate industry, two large companies, BTC and ETH, have more than half of the market. Say "in the blockchain world. Location."

is,dominant BTC

It has been over 10 years since he was born in 2008 and has a net worth of $ 69,000 from the first 50 BTC to buy two pizzas. BTC is not a peer-to-peer asset, but a valuable asset held against gold. Before BTC became a legacy of value savings, BTC was loved and appreciated by the public as it was the first to practice and use blockchain technology, laying the foundation for an innovative powerhouse on the internet.

ob,Ecologically prosperous Ethereum

So why can Ethereum (ETH) come in "second place" after BTC? The most important theme is the landing of smart contracts that support the development of the Ethereum ecosystem. If BTC is the only repository of valuable assets, Ethereum is the bulk of blockchains.

The concept of smart contracts dates back to the 1990s. In a 1995 article titled "Smart Contracts: The Cornerstone of the Digital Market", Nick Szabo described smart contracts as "the terms of the digital contract, including the approvals between the two. parties to fulfill the agreement ”. In the digital form of the blockchain, we can create a variety of engagements in our daily life and meet the mathematical demands of the blockchain.

Before the development and use of blockchain technology, the concept of smart contracts was only based on writing theoretical concepts, and there was no reliable operation in which smart words in contracts could be widely used. In 2009, when BTC was created by blockchain outsourcing technology, more and more people saw that smart contracts could be created by blockchain. "Decentralized Application Platform" indicates that Ethereum is a Turing-complete programming language.

Since the publication of the Ethereum white paper in 2013, a new generation of blockchain-based smart contract-based applications has emerged. To date, the number of Ethereum-based DApps is 2,900, which is 75.3% of the total number of blockchain DApps. The difference between Ethereum and BTC is that while BTC can only be used as a networking tool, Ethereum is gradually developing a large Turing-complete ecosystem as the core process of blockchain application scenarios. After nearly 10 years of practice, Ethereum has developed the concept of infinite blockchain and above all. It is also a leap forward in the online world since the advent of the Internet.

As the development of the ecosystem gradually expands, Ethereum inevitably faces many issues, such as oil prices and rising costs for developers and consumers. In addition, the process is pushing more and more developers to create public channels, the basic process of blockchains. For example, BSC, which is now number two after Ethereum, Solana, which focuses on high performance, Polkadot, which is known to improve links in the chain, and Cute Chain, archived data that supports blockchain. . Because the blockchain is open and inclusive, many of the new functions can create different consequences for the success of the blockchain.

Three,Public chain of hundreds of flowers

Now each of the public channels has appeared one after the other and each has its place, but in the end, to be assured in the market, the ecosystem must have changed over time. As with many e-commerce companies such as Taobao, JD.com, Pinduoduo, etc., first of all, there are many merchants who have to decide, and their products should be able to work in nature. Last but not least, the development of this platform should promise to have a place in the market. Likewise, in the public chain, the goal of blockchain development is first to develop a variety of DApps, improve user experience, meet user needs, provide better service to the user and finally to return the final user value to the user must be completed.

so,Next, we will briefly describe the public channels with different characteristics..

1, BSC (Binance smart chain)

BSC is the public chain with the second highest market value after Ethereum. Historically designed to meet the programmability and scalability of the Binance chain, BSC works well with Binance DEX while supporting smart contracts and virtual machines. BSC is compatible with existing Ethereum mainnet, most DApp green components and devices can run on BSC, supporting all existing Ethereum tools with faster performance and lower cost. . It comes with seamless dual-chain connectivity and has been optimized for enhanced connectivity by measuring performance DApps that require fast and smooth operation.

BSC tokens are typically used by manufacturers to send smart contracts to BSC and can be used for fuel costs. Users can earn bulk rewards by participating in BSC validation nodes. Trade assets in BC and BSC. In addition, it can also be used to support most rates for BC and BC DEX.

As of January 12, 2022, BSC's DeFi volume was $ 26.17 billion, BNB's current net worth was $ 459.05, with a total market value of $ 76.569 billion. There are 128.2 million addresses holding tokens and the 24-hour market volume is $ 2.729 billion. Events in 8 categories including DeFi, Games, Basic Tools, Wallets, Accessibility, Community, Job Tools and NFT were submitted to the BSC, including all 1,187 positions. Such as PancakeSwap, BakerySwap, SushiSwap, Alpaca Finance and other new DeFi functions.

2, brother

Solana integrates Internet-wide blockchain networks with high-performance public chains designed to provide scalability without compromising transmission or security. As a legitimate website, the Solana network has focused on speeds of 710,000 TPS, and now the total network speed is 2,735 TPS. Although it has not yet reached the design speed of 710,000 TPS, it is already very fast compared to 710,000 TPS. to another public channel.

Solana's token is SOL, and is often used as a barter for consumers and developers to earn money on the Solana-based network, and as a gift to Solana developers. . SOL can also be used as a contract for the network and generate income.

As of January 12, SOL had total assets of $ 9,053 billion, a market cap of $ 140.38 billion, and a total market value of $ 69.43 billion. Currently, Solana has created 400 jobs in the ecosystem, including DeFi, NFT, Web3.0 and other leads, with an average price of $ 0.00025 and total revenue of 50,880,494,666.

3. Polish woman on

Polkadot is a combination of blockchains that can be linked independently of a combination of parachains that provide a two-way relationship. Data can be exchanged on any blockchain at the point of security. Its main advantage is strong scalability, it can perform multiple operations at the same time, and it can greatly improve the scalability of a blockchain. DApps deployed from Polkadot can extend collaboration and perform integration and collaboration tasks.

PolkaDOT's token is DOT. According to the industry model for inflation, the total assets of DOT are 1 billion, and its main uses are network exchange rates, staking, management, access to Parachain slots and play an important role in the network. As of January 12, 2022, the merchandise volume was 9875.79 million DOT, the market value was $ 25.64 million, and the total market value was $ 28.43 billion. Polkadot runs 7 competitions with a total of 111 submitted positions, and the 8th contingent will be held from January 20 to 27, 2022.

4. Cuisine

Qitchain is an independent public chain that aims to strengthen the blockchain system, increase the reliability of administration and distribution of usable data on the blockchain, and create data to maintain good data on the blockchain network. Currently, QitChain is in the construction phase of its facilities and is developing the following procedures for secure payment. In the future, it will gradually develop smart contracts, create an ecosystem, and integrate and integrate popular programs like NFT and Metaverse. Lots of new blockchain projects and applications. QitChain compares Google on the internet, provides secure storage and retrieval services for colleges in the blockchain arena, and finally develops an enterprise search engine with large users and developer access.

QitChain's token is QTC, with a total wallet of 105 million, mostly with 5% for bases, 15% for million research, and 80% for block rewards. The primary uses are fuel costs, return and storage costs, retail costs, and experience costs. The advantage is that multiple deflation of the CPOC market standard supports the QTC price index. , and no data interference Users must search for data Data must explore the network through the network The scale of blockchain data is enormous.

Today's business and user needs are fast, efficient, and well-documented and the information and data they want to know, and the QitChain network was quickly integrated into the convenient location of the research blockchain. As a network blockchain that uses hard drives to block giveaways, it offers the benefits of “Green BTC” Chia and has a low starting point. Anyone can join the network and manage the network. network. The QitChain network is based on the CPOC approval mechanism, and storage providers have a fee to participate in the surveillance network, resulting in the cost of network attacks. Now the number of international nodes in the QitChain network continues. Chia is the most secure network on the BTC network, and the QitChain network will be a more secure blockchain network than Chia.

The above activities are only part of the public agenda, and there are projects that gradually develop their own major ecosystems such as BSC and Solana. Some have specific tasks and goals for working across the entire blockchain, while new developments have offered endless potential for blockchain development projects such as Polkadot and QitChain. Overall, blockchain is still in the early stages of development, infrastructure is only increasing, and creative content will gradually increase.

4,system

The future of blockchain is on. From obscure BTC to brilliant DeFi, NFT, DAO, and Metaverse, blockchain technology has always offered people a wide array of surprises. What amazing innovations will blockchain bring in the future? Let us witness together a new era.