Continue Capital: Talk about the controversy over the new corporate chain

The New Public Chain: The Strife of Kings

By pema, Continue Capital 

Maybe it all starts with Coinbase's second-quarter results.

If you look at the volume of Coinbase projects, you will notice a subtle change from May: ETH daily volume and BTC almost equal or even occasionally exceed, when the second quarter results were released, ETH volume completed the first time in history to surpass BTC.

Trading volume is like a sign representing the trend of capital and the direction of incremental capital. No matter how technology and grand narrative logic evolve, trading volume tells you plainly that a new trend is likely to take shape slowly and a new king is likely to ascend the throne.

When entering the third quarter or even if the trend of ETH trading volume amplification continues for a long time in the future, the trading volume collapse will certainly be like a shock as time goes by. Will greatly shock the whole Crypto field of the gang Li Lun long: princes and princes, rather have seed.

The development history of Crypto investment is a history of ETH expansion.

Looking at the development path after the birth of ETH and even the previous BTC blocksize debate, whether it is the "revolutionaries" of ETH killers, or the "royalists" of L2 hot recently, in fact, they all focus on the scalability of blockchain and make unremitting efforts to make large-scale collaborative operation of 1 billion people in the world possible. We need to have a clear view of the main road map of the battle of Kings across the industry. Our obsession with corporate chains and expansion is as strong as ever, so let's start by simply ranking Coingecko by market cap, Dot Algo Icp File Avax Atom Near Eos Tezos Hbar Stx Harmony Iost Qtum Zil Nervos Kda, we cast all of these public chains, and I often thought when I was running, Sol, which had the opportunity to participate but didn't invest, came out on top. Why? (Maybe people are obsessed with what they missed, PNK, Sol)

1. Increment is king. Whoever can grasp the new market will gain excess growth. The arrival of Axie will definitely bring a strong impact on the development of the entire industry, making the once etheric killer find a strong sense of existence. I personally think there is basically a decentralized node law in the currency circle: the number of decentralized nodes is proportional to the market value of the project. You can check the number of nodes such as BTC ETH DOT AVAX SOL (of course, I know it is not an absolute law, I just give examples) to do DeFi. The primary consideration is security. The new public chain cannot compete with ETH in a short time, but GameFi NFT does not have high requirements for decentralization. The new generation of people do not have so much burden of BTC/ETH theology, naturally there is no so-called loyalty.

2. Experience matters. The new generation has a low perception of security and decentralization, and does not go into the meaning of both. As long as the experience is smooth and the operation is convenient, they can capture a large number of new users. This is an important starting point for thinking about Web3 in terms of part of the Internet. If you've ever used Audio, the music platform that is the poster child for Web3 applications, with five or six million monthly users, you know that it's a seamless, Internet-like experience, with no private key management, no Gas, no waiting for transaction confirmation, etc.

When our LeGaoYue take, the more the more and more dolls, means that the threshold is higher and higher, it must be not normal, we have beginner's mind is to make one billion people experience the block chain technology brought revolutionary road can be twists and turns but direction must be clear, must need a can let the public accept and love simple and easy to use block chain services.

3. Ecological diversity. Developer/community this is a chicken and egg issue, but I prefer development to ecology rather than users. Therefore sustainable ecological iteration is crucial, if you want to clear the ETH 2.0 after the completion of the ultimate users what to play, what users will play, in the past decade, trading is the absolute king, our industry in the next decade as infrastructure construction and improve the whole industry, must not only trade so boring (rise can continue, of course), Must be a native new currency people a hundred flowers bloom all things for the spring of prosperity. Many ecosystems have no viable development teams at all, either fork or remain anonymous. If you open up the leaderboards, how many anonymous projects are in the Top 100?

4. Old and New Bridges. Our market is $2 w, it is not A small market, gold 8 w million, 11 trillion A, 50 trillion, U.S. stocks we want to know clearly what's the development stage, while the currency circle with its creative freedom include features such as decentralization of magic, attracting more and more money talent in this field, But at the same time we need to turn our attention and our vision to using encryption to solve real world problems, and we need key hubs that bridge the old and the new.

Not out of the circle beyond ambition, beyond compliance, the lake is not enough, the sea to gather together. Extra attention should be paid to projects that are good at going out of the ring and introducing live water funds into the coin circle.

5. Team strength. Most of the development teams capable of doing public chain were formed in 17-18, and after two or three years of development, almost all the main networks were launched and began to perform last year. Dot File Avax Sol Near, etc. (Atom 19, Icp21), just like the year of 1998 when the development of the Internet exploded. Sohu, Sina, Tencent, Google and other well-known companies were established at the same time. Ten years later, we may find that 2020 is definitely the first year of multi-chain ecological explosion. Now to enter the public chain, there is no five years of work, is to do what ecological, there are so many dishes, how to fry it depends on you.

Only with the development of infrastructure can ecological projects be fully fledged. Only when smart platforms flourish will Web3 applications become popular.

Finally:

Spring is just, poetry wine while time

Dream as a horse, sword to go

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia