Immortal Bitcoin and Ethereum

As the end of the year approaches, the market becomes increasingly boring and deserted. Western traders are preparing for Christmas and New Year, and Eastern traders are preparing for year-end liquidation and the upcoming Lunar New Year, so everyone's focus and emotions have changed. It's not trading anymore, so the continued shrinkage and downturn in trading volume is to be expected.

Recently, TSMC, a major chip foundry, reported that Bitmain’s 5nm chip is already in the tape-out process and is making good progress. It is expected that new mining machines equipped with this chip will be released in the first and second quarters of 2020.

The 5-nanometer chip is a chip manufactured using the latest production technology, which means that the chip has a higher degree of integration and stronger computing power. It can be expected that the computing power of the entire Bitcoin network will reach a new peak in three months.

Although the current price of Bitcoin is still falling, the computing power of the entire Bitcoin network has not only not weakened, but has continued to grow stronger, which means that the tenacious miners not only have not lost confidence in it, but also continue to be optimistic about its future. Increase investment in mining machines.

Judging from the speed of Bitmain's chip iteration, Bitcoin will undoubtedly become more and more stable, and the possibility of being attacked will become weaker and weaker. Its stability is more and more like gold: it can resist various "corrosion" and "strikes" and remain stable.

But its future will be more stable and stronger than gold, because the composition of gold is fixed, but Bitcoin will become stronger and stronger as the computing power of the entire network continues to rise. Therefore, there is no upper limit to the strength of Bitcoin, there is no strongest, only stronger.

One day, Bitcoin will become the most powerful and solid value system in the world.

Recently, when reading various progress news of Ethereum 2.0, I often see V God’s deep expectations for Ethereum 2.0, that is, the strength of Ethereum 2.0 must be able to withstand World War III, that is to say, even if humans come again In World War I, in the ruins, Ethereum can still survive tenaciously.

So how can Ethereum survive World War III? That is, the mechanism must be sufficiently decentralized, and the system must have enough miners, so that a large number of miners cannot work and the system can still operate normally when it suffers a large number of malicious attacks.

It can be said that Ethereum 2.0 follows this basic guiding ideology in terms of design principles, underlying framework and even design details. This is a grand and arduous project. Like any great undertaking, Ethereum 2.0 will definitely encounter various twists and turns in the process of moving forward. For example, it has recently been reported that the launch time of Ethereum 2.0 may be longer than expected. delay.

But I am still full of expectations for Ethereum 2.0: the transformation of its consensus mechanism, the implementation of sharding technology, the emergence of second-layer expansion solutions, and the fact that there are 8 strong teams doing parallel development. Forms a solid foundation for Ethereum 2.0. It can be said that Ethereum 2.0 has recruited the elites of the industry and brought together the most cutting-edge ideas in the blockchain field, representing the future of the public chain field both in terms of technology and way of thinking.

In the current sluggish popularity, many digital currencies have shown signs of decline. In the older generation of digital currencies represented by Bitcoin, the computing power of Litecoin has begun to decline; in addition to the smart contract public chain represented by Ethereum, other public chains have been silent.

Only Bitcoin and Ethereum are still fighting the storm. This kind of inner vitality and cohesive strong consensus is the threshold that cannot be crossed by these two kings.

If there is a third world war, all wealth will be reduced to ashes, but among the rubble, there must be bitcoin and ethereum that can bring us light and future.