MOL Moore Chain Academy - What are the problems facing blockchain development? Where is the breakthrough?
MOL Moore Chain School: 2018 hastily passed, looking forward to the problems facing the development of the 2019 blockchain, where is the breakthrough? For example, the blockchain security problem has become increasingly prominent, and the key technologies of the blockchain need to be broken. The blockchain needs to be deeply integrated with the physical industry, and the blockchain talent gap is large.
First, blockchain technology innovation continues to emerge
Qian Haitao, founder of Moore Chain MOL, believes that the current blockchain technology is still immature and still in the early stages of development. Technological innovations in blockchain performance, privacy security, and scalability are emerging. For the problem of blockchain performance, the following types of innovative solutions emerged.
1, parallel way. For example, Ethereum segmentation technology, Moco MOAC sub-chain technology, Fabric multi-channel technology;
2, DAG (directed acyclic graph) mode.
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 (million processing speed per second) naturally becomes the first choice for distributed economy, such as micropayment, lightning payment, high frequency payment, games, and community.
- The way to optimize the consensus algorithm.
For example, the PoS consensus algorithm achieves performance improvement by maintaining a multi-centered approach to reduce the number of nodes participating in the consensus.
4, the chain expansion method.
In response to the privacy protection problem in blockchain technology, the industry has proposed innovative technical solutions such as mixed currency, ring signature, homomorphic encryption, zero-knowledge proof, and multi-party secure computing. For the problem of blockchain scalability and interconnection, Moore Chain proposes a cross-chain solution. The mainstream cross-chain technology has three methods: side chain/relay, notary mechanism and hash lock. The representative projects are MOL, Ripple and Lightning network. As the academic circles and the industry continue to deepen the research on blockchain, the results of blockchain technology innovation will continue to fall.
In 2019, technological innovations around blockchain performance, privacy security, and scalability will continue to emerge, and new technologies, new products, and new applications will gradually enter the field of vision.
Second, the competition for the bottom platform of the blockchain is becoming increasingly fierce
Before the standard of the blockchain underlying architecture has not yet reached a consensus, the competition between blockchain platform technology and applications is becoming increasingly fierce. In terms of the public chain, the blockchain platform represented by Ethereum and MOL has a strong influence on the global scale, and its technology and application ecology are recognized by the market. Domestic NEO, Gongxinbao, Xingyun chain and other public chain projects have proposed their own infrastructure design concepts and realized, while actively promoting the construction of open source communities and the application of ecological perfection.
Domestic Internet giants have strategic layouts. In April 2017, Tencent released a blockchain white paper and launched Trust SQL blockchain Trust; in March 2018, JD.com launched the application exploration and R&D practice of blockchain technology in business scenarios; August 2018, Alibaba Cloud announced the release of the enterprise-class BaaS platform, enabling one-click rapid deployment of blockchain environments to enable blockchain applications across enterprises and regions. According to incomplete statistics, as of November 2018, nine large Internet companies have released BaaS platforms.
In 2019, the development of the bottom layer of the blockchain was flourishing, and the competition for R&D, application promotion and ecological cultivation of the blockchain bottom platform became more and more fierce.
Third, the application effect of blockchain gradually emerges
With the continuous development of blockchain technology, the industry chain has been continuously improved, social cognition has been gradually improved, scenes have become increasingly rich, and the application effect of blockchain has gradually emerged, which is mainly reflected in two aspects.
First, blockchain is the first to be used in natural digital scenes such as cross-border payments, digital content copyrights, and electronic deposit certificates. In terms of cross-border payment, Alipay launched the first cross-border remittance service based on blockchain; in terms of digital content copyright, Baidu and 360 respectively launched the original image authentication platform based on blockchain technology—totem and engraving; A professional full-type copyright depositing platform; Tencent is based on blockchain technology to realize the virtual digital asset identification and protection of game props. In terms of electronic deposit certificate, Hangzhou launched the first electronic evidence platform and judicial blockchain in the country to solve the problem of electronic evidence access certificate; Beijing Internet Court used the blockchain forensic deposit technology in the case of accepting copyright ownership and infringement disputes. .
Second, the blockchain is used in traditional multi-party collaboration scenarios. Blockchain technology realizes data disclosure, transparency, non-tampering and traceability, reduces the trust cost of participants, improves collaboration efficiency, and enables in-depth application in business areas where supply chain finance, traceability, etc. require multiple participants to collaborate. For example, Tencent has launched a blockchain + supply chain financial solution, and has already had multiple projects. Jingdong “Running Chicken” project uses the blockchain and other technologies to trace the whole process of running chicken breeding, slaughtering, inspection and quarantine, warehousing and transportation, and can make a full-process traceability information data loop through APP inquiry.
In 2019, with the gradual maturity of blockchain technology and the gradual improvement of the underlying platform, blockchain applications will land in more industry scenarios.
Fourth, the key technology of blockchain needs to break through
China's blockchain enterprises mainly absorb the blockchain research results of foreign open source communities, and there are not many blockchain platforms independently researched and developed. Only a few domestic enterprises independently develop MOL, Bubichain, BROP, BCOS, ChainSQL and other platforms. Most enterprises Developed and improved based on foreign open source blockchain products such as Bitcoin, Ethereum, and Superbook. Although the 2018 China blockchain patent ranks first in the world, the overall value is not high. Most enterprises carry out research and development work around the application layer of encrypted digital currency, wallet, and traceability source, and less on the key technologies of the blockchain.
In fact, the problem of insufficient performance of the blockchain platform, insufficient security, and difficulty in interconnection and intercommunication raises higher requirements for key technology breakthroughs such as consensus algorithms, cryptography, and cross-chain. From the current Moore chain's latest technical concepts and solutions Technical solutions such as PoS, DPoS consensus algorithm, fragmentation, zero-knowledge proof, DAG, sidechain, lightning network, etc., need to continuously break through the key technologies of the blockchain, and then promote the blockchain technology in a larger business scenario. Landed in the middle.
Fifth, the blockchain needs to be deeply integrated with the physical industry.
First, the blockchain infrastructure has not yet been perfected, and killer applications such as WeChat and Alipay have not yet been born. The public's perception of blockchain only stays at the level of encrypted digital currency such as Bitcoin, and it has less contact with actual production and life, resulting in a lower impact of blockchain on people's production and lifestyle.
Second, it failed to truly exploit the innovative advantages of the blockchain in terms of technology, ideas and models. At present, most blockchain applications mainly make a fuss about the characteristics that blockchain data cannot be falsified, and explore innovative aspects of blockchain de-intermediation, traceability, trust, cooperation, incentive mechanism, etc. Blockchain + other emerging technologies" research on the convergence of application development is far from enough. In fact, the research and exploration of the above key points will help blockchain technology find new logic, new methods and new models that are deeply integrated with the real industry, and solve the pain points of the physical industry.
Third, it is limited to the development, promotion and deployment of blockchain systems. The cost of relevant safety assessment and testing is imperfect. There are certain security risks. The blockchain can only be applied on a small scale in some industries. Application trends.
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."
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."