Editor's Note: This article comes fromHot Wheels Community (ID: FHBT18), Author: Pepe, reproduced by Odaily with authorization.
Editor's Note: This article comes from
Hot Wheels Community (ID: FHBT18)
Hot Wheels Community (ID: FHBT18)
, Author: Pepe, reproduced by Odaily with authorization.
Once a community AMA asked: How should I comment on the current public chain market in one sentence?
Answer: Cosmos is the next EOS. Polkadot is not even dared to go online,so we are still optimistic about eth2.0 [狗头].
Hello everyone, I'm Pepe. As Hot Wheels, we will pay special attention to the "Nezha currency" in the currency circle. After three years, even a Nezha should be born, but there is such a type of project that raises two Three years later, the project is still half-hidden, and the main network has not yet been seen.
Some people say that the currency circle is all about bragging anyway, and it can only be fun if it doesn’t land, but those early investors locked their chips and followed them, and they didn’t know how many rounds of bulls and bears, and even worse, retail investors followed the car. What's the use of having survived to the point where the proxy investors didn't know where they were going.
The protagonist of today's chat is also such a Nezha project - Polkadot.
After reading some information from the community, it is estimated that the official (open) (handover) line (easy) will be at least the end of the year.
Polkadot has attracted quite a lot of attention in China, and there is no lack of controversy. Many people think that when the "Ethereum killers" are lonely, it will be the strongest competitor of ETH2.0 in the future, and there are also many bigwigs and resources supporting it. .
However, some people think that they are already numb to polkadot, which has not been launched for a long time. I am afraid that even if it can be launched this year, the popularity in China will not reach the height of one or two years ago. A while ago, the proxy investment chaos broke out, and there was also some talk that it was a money-making project by gringos, specifically to harvest a bunch of leeks who believed in foreign technology.
So what is the truth? How did Polkadot become an online celebrity project in China? What makes it special compared to other cross-chains? Below, Peipei will take everyone to analyze in vernacular.
secondary title
Speaking of Polkadot, the general perception is: cross-chain, but I think we should know more about the background before analyzing.
I have also read dozens of popular science articles in China while writing this article. I don’t know how many people feel that they know all the words, but they don’t understand it. For example, the following structure diagram of his family:
The painting looks like it has a technical background, not those domestic fools who can't figure it out, but:
Although I can’t guarantee that the following words will be understood by everyone, I will try to keep it as simple as possible. For their cross-chain mode, I refer to a foreigner’s video and draw a translated version:
image description
Forgive me for not writing for a long time, it's a bit ugly and I'll post it
The big circle in the middle is the relay chain. You can understand it as the main chain. If CC1 is officially launched, it will be the relay chain.
There are small circles like sockets on it - called card slots. The card slots can communicate with each other. At the same time, the card slots can link two different chains to the outside of the relay chain:
One is the parachain. Polkadot has a feature called "one-click chain issuance". His family has a special blockchain template, which allows the project party to complete the process from buying a computer to issuing the chain within 15 minutes. This parachain refers to This is the original Polkadot chain.
The other is a bridge, through which a cross-chain link including assets and information can be established with an external mature blockchain.
For example, in the picture above, I drew an asset cross-chain process from BTC to ETH. The application scenario here is that a bitcoin boss wants to participate in defi to obtain interest income by mortgaging btc. Then he can put his bitcoin and corresponding eth The address is sent to a certain bridge, which locks btc, and the verifier in the network verifies that the information is correct, and interacts with the bridge linked to ETH through the card slot, and sends the corresponding tokens such as pBTC on ETH to the user's ether The address proves that the boss has so many bitcoin assets on the chain.
The above is a general cross-chain model of his family.
Everyone is staring at cross-chain, solving the concept of "information island" to speculate, but in fact, according to the meaning of the founder Gavin Wood (also the earliest CTO of Ethereum), his original intention is to realize the most ideal in his mind eth2.0 just means using a multi-chain architecture to solve the problem that the blockchain is difficult to expand.
Here, multiple parallel chains are parallel + interactive. From a certain point of view, it is also similar to the sharding of eth2.0.
Then here we can answer the previous question. What is the difference between Polkadot and other cross-chains? Other cross-chains are superficially speculative cross-chains, but they are actually unpopular exchanges, like cosmos, which was also very popular before. It mainly involves the cross-chain transfer of assets.
On the surface, his family is speculating on the concept of cross-chain, but the actual ambition behind it is not to be the "mother of multiple chains", but the king of public chains. In addition to the transfer of assets between chains, smart contracts can also be called between chains. interact.
With the above basic background, the following question can be answered:
Why does Polkadot become an internet celebrity? What are many investors looking forward to?
Based on my recent observations of some related cryptocurrency enthusiasts, this question can be summed up in two words:
can rise!
The so-called brainless stud to get rich, technical research to zero, haha, but I think we still know why, his hype can be attributed to the following points:
1. To invest in projects is to invest in people. The founder, Gavin Wood (see the picture below), is said to be 80 years old. It seems, emmm, anyway, he is more normal than V [just kidding].
I think it may not be too detailed this time, otherwise it will be too easy to bring up fomo emotions [laughing and crying]. Gavin Wood is the person who contributed the most to the early engineering of Ethereum. He wrote the Yellow Paper and Solidity, the development language on Ethereum. Creative.
Although it faded out of Ethereum, his team has been completing some basic work on Ethereum over the years.
Compared with the various new chains that have come to collect money from the fringes of the Internet in recent years, or are supported by capital behind them, this background is probably considered scarce in the market (it seems that financing is still going on this year, The specific market value is still unclear, and it is estimated that if the car does not overturn, it will be easy to get close to the top 20 or even go further).
2. Mortgage mode + super node hype mode
His family’s consensus mechanism is called NPOS. No matter what it is called, it will be a high-mortgage network similar to other POS chains. If you are a validator in the network, you need to mortgage a part of the coins. If there is a mistake Will charge.
The staking model is generally considered to be beneficial to the market value, although we have also seen that there are so many staking projects on the market that should fall or fall.
But in addition to this, what may be more concerned is a model similar to the previous super node, which continuously exchanges chips through network competition, thereby affecting the price.
The parachain slot in this picture is the card slot we mentioned above. This slot has a quota limit and needs to be auctioned through DOT. The more DOTs, the greater the success rate. The successful auction must be mortgaged in the network. , and this step is estimated to be carried out before or at the beginning of the launch, which may also be a concern of many investors.
One is that it also attracted many capital institutions to join in the financing. In the past two years, it also attached great importance to domestic publicity and held various presentations. To what extent is the background of this resource? It is said that domestic mainstream media can no longer accept black drafts.
The other is that this kind of one-click issuance chain has also attracted many small domestic teams, and his foundation will allocate funds to ecological projects every year, such as ChainX, Kusama, Edgeware, etc., have also used Polkadot’s reputation before. In the future, this area is not only hype, but there may also be some wool opportunities, which are worthy of attention.
And behind all the enthusiasm, there are interests. The more stakeholders there are, at most, the lack of market capital will not perform well, and the probability of being completely cheated will not be too high. The current futures price of dot is also Still very stable, basically corresponding to the highest price of private wood.
But for futures IOUs, we don’t know if there is a real quota behind it, so we need to pay attention to safety.
secondary title
Finally, two traditional questions
1. Can Polkadot really surpass Ethereum 2.0?
There was a strong evaluation of cross-chain:
It's all a bunch of air garbage, what can we do.
At present, apart from the conceptual hype, it is true that there is not much real demand for cross-chain, mainly used on dex, but decentralized exchanges are still very small, and one of their main needs is actually mainstream transactions The ecological small currency in the single chain that cannot be reached.
The contract call requirements between chains may be a more distant thing, but if Polkadot’s cross-chain intention is actually to make a super-scalable public chain, then it can be a different matter.
The one-click release chain lowers the development threshold, which may promote the ecology of the chain, but just like the former Isio of Ethereum, because it is too free and open, it also breeds too many scams.
epilogue
I also have this concern about the one-click posting chain, especially because his family specializes in domestic marketing. After it goes online in the future, if there is more popularity, it will inevitably attract people who make money. Then his family’s ecological projects should pay attention identified.
