MOL Moore Chain School - the cold winter of the coin let us re-recognize the core value of the blockchain
MOL Moore Chain Academy: Nothing is more difficult to predict than the cryptocurrency market, especially the 17-18 year cryptocurrency market. The never-ending closing of the currency market is always stimulating the nerves of investors.
History is always strikingly similar, and blockchain technology seems to have the same potential to change the world as Internet technology in the 1990s.
However, the decentralized application of blockchain is still on paper. It is difficult for governments to agree on the regulation of digital currency. Hackers frequently attack digital currency exchanges...
The greater the hope, the greater the disappointment.
Blockchain technology seems to have stepped into the mystery of the concept of hype before changing the world. Among them, some concepts are proposed to take the initiative of the cryptocurrency market to take the supervision. However, even if the concept of "external" is empty, it will be difficult to further develop even if it can ignite the passion of the market in a short time.
1, Bitcoin ETF suffers from difficulty reviewing
2, the so-called "X change" is empty and has no meaning.
3, the lack of supervision, random additional issuance, and insufficient transparency of the stable currency can not survive in the bear market.
- Although STO is an attempt to embrace regulation in the cryptocurrency industry, it seems that the government has not yet accepted the STO plan.
Although there are new ideas coming up, the incentives for the market itself are still lacking. In addition to staying in the ideal state, the more important reason is the uncertainty of government regulatory policies, and many investors who want to enter the market can only be outside.
The cold winter of the currency allows us to re-recognize the core value of the blockchain
The core value of the blockchain is not to provide services to the outside world but to build its own world of data assets. The blockchain world is updated with state, and the storage is traceable. The main data structures are divided into two categories: transactions and blocks. The specific embodiment is as follows:
The transaction is used to update the world state of the external world-driven blockchain. It contains two types of data: transaction input and transaction output. The transaction input indicates the source of the data asset of the transaction, and the transaction output indicates the destination of the data asset.
The block is used to store transaction data, which is mainly composed of a block header and a block body. The block number records the version number, the hash address of the previous block, the merkle root, the block creation time stamp, and the block workload. The difficulty target and the parameter values used to calculate the target, the block body contains the number of transactions and complete transaction data.
In the words of Qian Haitao, the founder of Moore Chain MOL, “The blockchain should make the Internet a genius, an open network of merits. Based on the atomic physics world, the government maintains order, and reasonable humans have proliferated. Living infrastructure, real estate, automobiles and other real estate and the real economy have their own laws, and it is not necessarily necessary to monetize their numbers. We believe that any exaggeration of the scope of technology available is a deceptive behavior. So Bitcoin and Moore are all focused on digital assets that most require blockchain technology."
In view of the speed and volatility of the development of encrypted digital currency, I personally think that some situations may occur next year (for reference only):
- In the downturn of the market
The encryption market is on the verge of collapse, but the market is about to get better. When I was betting on a good cryptocurrency and quality development team in early 2019, I called this the "New Rockefeller Moment."
- The new "Howey case"
The US Securities and Exchange Commission's censorship of the blockchain is growing, which means that blockchain proponents must understand the SEC v. W.J. Howey case, the 1946 US Supreme Court's definition of securities in US law. I hope that the court will be able to issue new regulations applicable to the blockchain so that investors can safely invest in the encryption market.
- A stronger core technology emerges
Perhaps the bear market has brought people's attention to price, but the blockchain is not a technology designed to make you rich. We need to pay more attention to its improvements in performance and scalability.
Everyone knows that Bitcoin's transaction confirmation time is too long, for 1 hour. This long wait is anxious. Such a long time increases the uncertainty of the transaction; even in Ethereum, the transaction confirmation time needs 10 Minutes or so, compared to Bitcoin, it has been a leap forward. But it seems that this is not enough, everyone is still pursuing a faster way of trading.
If there is a new technology, the transaction confirmation time can be greatly shortened, the transaction time can be confirmed up to 50 milliseconds, and the transaction cost is also zero. Do you say that you will use it as a blockchain technology? The answer is no doubt.
The Moore Chain (MOL) is such a new technology.
Moore (MOL) uses a subversive directed acyclic graph (DAG) and blockless design to confirm transactions in as little as 50 milliseconds; its highly scalable concurrent unlimited performance and transaction-free fees Moore has become the first choice for freight forwarding in distributed economies such as micropayments, lightning payments, high-frequency payments, games, and communities.
- Decentralized business model
This is probably the most difficult to predict. By 2019, we will see the rise of decentralized business models in banking, capital markets, payments, insurance, supply chains and other areas. The next Google or Amazon may be born in the market, but they will not try to enter Nasdaq because the network value they generate is higher than the stock value.
- Killer app
Everyone is discussing what killer apps are in 2018, and we seem to be paying more attention to blockchain products that bring value to non-technical and enterprise-level consumer groups. Here is a talk about the one-click distribution of the Moore chain.
For example, you want to open a chain fast food restaurant, but there is no money. At this time, you can issue a total of 10 billion yuan in MOL one-click assets (XX fast food or XX buns), and 5 billion as a private fund. Your chain store can start, and those who hold the pass can freely trade chips. It can also be directly used in chain stores with the pass, and converted at market price. This is the role of the certificate in the future of physical projects, a wallet can hold a variety of physical assets. As a new type of entity entrepreneur, the assets issued in MOL can play a role in financing, and can also lock in new consumer groups (shareholders), and can also realize the digitization of intangible assets (the remaining chips in the hands, that is, the numbers) assets).
As a physical endorsement asset, it will definitely become the driving force for attracting other industries. If the dog does not care, Beijing Roast Duck, KFC, or XX food, or specialty chain stores .......... / have a certificate of their own in the MOL wallet, it is quite own to grasp the entity and A digital asset that has the intangible value of the brand. Therefore, entities in the most advanced digital asset field must have a very large strategic advantage.
As a MOL holder? (Wallet users) is first and foremost a Moore shareholder. If it is funded by an entity that uses MoL assets as a standard, it becomes a shareholder of the new entity, with MOL's one-click asset issue. As costs increase and the brand value of the entity increases, the MOL and entity pass in your hands will appreciate. As a future asset-type, semi-centralized asset issuance bank, although there is no centralization (bank office staff) agency costs, but there are nodes and safe maintenance costs, then as the market slowly expands, if the assets are issued, if used MOL pledge, then MoL in your hand is also very useful. If various MOL certificates and MOLs are exchanged, 0 commissions, the MOL public chain that arrives at the account will break the traditional concept of mining and directly enter the use stage of the pass.
The air currency project in the blockchain world is rupturing and has entered the middle of the cold winter. I believe that after the end of the currency lie, China will usher in a new era of its own blockchain technology.
Due to the credit bankruptcy of these projects, the cold winter may continue for a long time. But this winter is a kind of purification of the currency circle and the blockchain technology itself. After all, it is the biggest harm to the blockchain technology.
Finally, I shared a paragraph from Mo Hailin’s founder, Qian Haitao: “I firmly believe that cryptocurrencies will change the world, replace the stock market, most currencies, and pay for machine-to-machine, Internet of Things, streaming media, and forecasting the market. Power, governance systems, voting systems, and even everything on the Internet. Having said that, cryptocurrencies still have a long way to go, and most of these areas are still at a very early stage."