decentralizeddecentralizedIt is a means for people to create and exchange value in an open and censorship-resistant manner.
In recent years, blockchain has indeed made a lot of things valuable. Yet the term "decentralization" has slowly regressed from being a clearly defined standard.
Just as many subversive cultural movements and innovation trends end up being commoditized; the development of blockchain technology is also undergoing the same commodification. At this stage, the innovative exploration and pursuit of commercial profit and commercial feasibility made them ignore the responsibility of maintaining user privacy, ensuring user asset security and decentralization. But if industry elites and entrepreneurial projects can make up for the shortcomings of existing technologies, it will make the industry truly valued at $2 trillion.
In the past, we've seen trends like P2P file sharing and social media aimed at decentralizing ownership and democratizing access to information. However, over time, consumers prefer convenient and cost-effective ways to enjoy the convenience brought by technology, and pay less attention to the benefits of private data security and anti-censorship, which incentivizes enterprises to develop more centralized Apps to appeal to consumer needs and investor needs.
As network effects started to build, most of the value of these technologies (private data) was monopolized in the hands of a few giants such as Twitter, Facebook, Spotify, Netflix, and Amazon.
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Insisting on decentralization is both an ethical and a technical issue
Bitcoin and blockchain technology are the product of a new generation of technology. However, as Defi and NFT push the blockchain into the mainstream, we are starting to see consumers also chasing the most convenient and lowest-cost blockchain applications, which in turn leads blockchain developers to follow the old path of the Internet. It is also developing to build more centralized, less secure, and censorship-resistant dapps in order to meet the needs of users who want to conduct transactions faster and cheaper.
It can be expected that consumers will always choose products or services that can obtain more value at a lower cost. The burden on developers is to solve what is commonly referred to as the blockchain scalability trilemma, which describes how a blockchain mustScalability (speed), security and privacyA series of trade-offs between.
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Horizen, a blockchain network platform supporting zero-knowledge proofs
To address these challenges, Horizen is building a blockchain network that supports zero-knowledge proofs, with the simple goal ofHelp developers build large-scale, scalable, secure and privacy-preserving blockchains without compromising decentralization.
Horizen currently has over 45,000distributed nodesThe infrastructure composed of , which can help developers to achieve this goal, is the industry's largest zk-snark blockchain node network.
We are also a blockchain network that can resist 51% attacks, please refer to "Delayed block submission penalty system"Learn more about how we made the mainnet immune to 51% attacks.
Based on this powerful infrastructure, we developed a cross-chain protocolZendoo, which comes with an all-in-one SDK that enables developers to build their own custom blockchains. Developers can arbitrarily choose the consensus mechanism they want to run (PoS, PoW, DAG, PoH, etc.), let them choose the tps performance that the network can achieve, and let them use zero-knowledge proof cryptography to protect their privacy on the chain data and user privacy data.
The good news is: as a Horizen developer, you no longer have to sacrifice decentralization to satisfy consumers clamoring for faster, cheaper applications.
While other blockchain networks force you to build dapps that are limited by the scalability limitations of the underlying blockchain, with Horizen you can build thousands of independent blockchains, each with its own unique Design and extend capabilities to match specific types of dapps. Each of these blockchains has a throughput of 1,000 transactions per second. So, if 4,000 blockchains are running in parallel on Horizen, the blockchain network can reach speeds of up to 4 million transactions per second!
While history has shown that the decentralization movement tends to compromise towards centralization, we strongly believe this time will be different because we have the technology to do it. Now it is possible to build a decentralized social network with the scale of Twitter based on Horizen; it is possible to easily access Netflix and Spotify libraries, and it can also reward content creators with a BitTorrent network under the premise of ensuring fairness and transparency. Building these applications is only possible on platforms that provide security, privacy, flexibility, and scalability. Horizen is one of the best platforms.
Our mission is to combine disruptive technology with an ethos of privacy, transparency, decentralization and censorship resistance.
We believe that these components are critical to blockchain as a transformative and innovative technology, which can bring a lot of value to enterprises, institutions, users, and allow resources to be allocated in a more equitable manner to all stakeholders , and allow blockchain technology to truly bring net benefits to society.
