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Produced | Odaily
(Xiao Feng, Chairman of Wanxiang Blockchain)
This morning, "Reconstructing the Internet, Sodium is Different - DFINITY Sodium China Online Launch Conference" was officially held.
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During the event, Xiao Feng, chairman of Wanxiang Blockchain, gave a keynote speech on "From Everyone Can Issue Assets to Everyone Can Issue Applications".
Xiao Feng first compared DFINITY with Bitcoin and Ethereum networks. He said: Bitcoin network is a currency network, which is issued, traded, and exchanged; Ethereum network is an asset network, and everyone can issue assets on Ethereum. Whether assets have value depends on consensus; DFINITY network is an application network, and anyone who knows a little bit of code can issue their own applications on DFINITY network at a very low cost. The relationship among the three is not to replace each other, but to progress layer by layer, together with Polkadot and other networks to form a blockchain network to build a complete digital universe.
In addition, Xiao Feng also focused on explaining the complete blockchain network, including several parts: distributed network, distributed database, distributed computing, distributed storage, distributed ledger, distributed governance, and finally DFINITY among them Distributed applications that play a central role. The above-mentioned parts plus distributed commerce can truly form a blockchain-based, complete, closed-loop encrypted economy.
Different from the business path of the consumer Internet, the business breakthrough of the blockchain does not start from the C side, but from the developers. You must serve these developers well first, and the developers will contribute their ideas before it is possible to start from the C side. Distributed applications go to distributed commerce. The advent of DFINITY provides developers with a low-code, low-operation, low-cost, cold-start development environment, which is a friendly network for developers.
"We expect thousands of developers to develop on DFINITY after the mainnet is launched, and there may be killer apps that attract consumers." Xiao Feng said.
The following is the full text of Xiao Feng’s speech, organized by Odaily:
I am very glad to know that the DFINITY mainnet will be launched this year.
In today's speech, I will first compare the three blockchain networks of Bitcoin, Ethereum and DFINITY.
Bitcoin is a currency network that issues, exchanges, trades, and pays digital currency. The Ethereum network is an asset network, and everyone can issue their own assets on Ethereum in a decentralized manner. Of course, whether your asset is valuable depends first on whether it is really useful, and secondly depends on whether the whole network has a consensus on your things.
DFINITY is an application network. People with a little coding ability, as long as you have unique ideas, you can deploy your application on DFINITY without paying a high cost. I think this is the core value of the DFINITY network, and it is also the core value of DFINITY as an Internet computer mentioned by Dominic Williams.
The Bitcoin network, the Ethereum network and DFINITY, the three blockchain networks are not mutually replacing each other, but a progressive, step-by-step relationship. The combination of these three, plus some blockchain technology systems like PolkaWorld (Polka), truly constructs a complete blockchain network, a complete encrypted economy, and a complete digital economy. Parallel universe.
In my understanding, a complete blockchain network includes several major parts: distributed network, distributed database, distributed computing, distributed storage, distributed ledger, and distributed governance architecture based on consensus algorithm , and finally distributed applications in which DFINITY plays a central role. You can use a distributed method to easily and easily deploy various applications on it.
A complete blockchain economy (encryption economy) cannot lack a part-distributed commerce. Distributed networks, distributed databases, distributed computing, distributed storage, distributed ledgers, distributed governance, distributed applications and distributed commerce, this is a real, complete and closed-loop blockchain-based Crypto economy.
DFINITY, like Ethereum, has common characteristics.
As we all know, the difference between Ethereum and other public chains is that it has established a huge developer community and a friendly development environment. Developers support the entire Ethereum.
DFINITY is also a network built for developers, and it hopes that more developers can develop with very low code. For example, CanCan, a blockchain-based social product launched by DFINITY, was built with less than 1,000 lines of code; the popular Uniswap on Ethereum subverted a trading system with 500 lines of code. In the new distributed application of blockchain, 500 lines of code can replace tens of thousands of lines of code.
Generally speaking, the two networks have the same characteristic, they are both developer-oriented friendly networks.
From some current cases, we can also get inspiration: the commercial breakthrough of the blockchain does not start from the C side, but from the developers. If you serve these developers well first, and developers contribute their ideas, then we can go from distributed applications to distributed commerce, and truly reach the end of consumers and users.
Judging from the current development of the blockchain, the commercial breakthrough of the blockchain is completely different from the business path of the consumer Internet. The consumer Internet is a consumer-driven network operation, while the blockchain is a developer-driven network operation.
DFINITY tries to provide developers with a low-code, low-operation, low-cost, cold-start application development, application deployment and application distribution environment. If millions of developers around the world bring their own wonderful ideas to develop, release, and deploy various applications and blockchain SAAS applications on DFINITY, the blockchain business will really come.
This idea reminds me of the concept of "cloud phone" released by Huawei not long ago. The so-called cloud mobile phone is to move all the computing needs of our current smartphones to the cloud. What you get in your hands is just a display screen, and you don't need a chip. Everything is on the cloud.
These two concepts are actually the same. When it is actually applied, we need to simplify it, so that the technology can be widely promoted and tens of millions of users will use the blockchain.
Finally, I would like to talk about distributed applications and distributed commerce.
Distributed commerce must be based on a distributed application platform. However, distributed commerce is not a distributed application platform. These are two different stages.
In distributed applications, DFINITY can play a very large role as a basic platform. Distributed applications are driven by developers, and developers here can be regarded as entrepreneurs in the real world. These entrepreneurs write their wonderful ideas into codes, compile them into smart contracts and deploy them on DFINITY; after deployment, they enter the distributed business stage.
Distributed commerce is driven by consumers, users, and customers, and consumers have absolute rights. After the developer deploys the application, the next step is to see whether consumers will come to play, pay for it, and like to use it.
Overall, distributed commerce still has a long way to go. We look forward to tens of thousands of developers developing on DFINITY after the mainnet goes live, turning their ideas into a smart contract and deploying them on DFINITY.
Among the millions or tens of millions of entrepreneurs, I believe there will be thousands of blockchain-based killer applications that attract consumers. These are all very worth looking forward to, and that’s all for my sharing.
