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Genius Showdown: Ethereum Founder vs BT Creator

For the existence of "Vitalik Buterin" who created Ethereum, experts in the blockchain field and people who have been in the currency circle all the year round will never be unfamiliar. Swarm is a way to realize the decentralized network and let the network enter Web3. One of the pillars of the 0 era was first proposed and promoted by the so-called genius Ethereum founder Vitalik and his team. Swarm is currently mainly developed by the Ethereum Foundation and has reached a cooperation with Bitcoin Suisse, with sufficient funds. Just relying on the reputation of Ethereum and Vitalik, Swarm has already gathered a star aura and has become a hot project that has attracted much attention.

Compared with Vitalik's popularity in the blockchain field, the name Bram Cohen may be a little strange to many people who simply pay attention to the currency circle, but as long as he mentions what he has created in the past-BitTorrent, probably no one will immediately Everyone knows, yes, he invented BT, a file distribution protocol that is popular all over the world. He is a genius no less than Vitalik, and now this legendary figure has officially stepped into the blockchain field, pouring Chia was created with great effort.

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Innovation Competition: New Storage Method vs New Proof Mechanism

Swarm wants to build an autonomous digital society, where data storage and communication do not require the permission of others other than themselves, so as to truly realize a free and open network environment. The "Book of Swarm" mentions that the API and other related tools it provides are carefully designed to support all traditional web browsers, thereby immediately providing a more privacy-conscious, decentralized alternative to the The existing World Wide Web.

In addition, Swarm has created a unique incentive system for data storage and distribution. According to the "Book of Swarm", Swarm ensures the rationality of the fees and rewards involved in its data storage and distribution through the swap protocol and incentive systems such as swear and swindle . It can be said that Swarm effectively solves the pain point of BitTorrent's lack of economic incentive system. As a functional token of Swarm, BZZ is perfectly applied in its incentive system.

Compared with Swarm, Chia's innovation lies in the introduction of "Proof of Space and Time". According to Chia's white paper, this is a new Nakamoto consensus algorithm. The proof mechanism's The advantage is that it does not consume a lot of power and single-purpose hardware like Bitcoin's "Proof of Work", which is an environmentally friendly alternative to the Proof of Work mechanism. This method of coordinating and verifying the blockchain through hard disk space and time proof greatly reduces the consumption of ASIC and other hardware, computing power, and electricity, making it easier for ordinary users to participate.

Chia and its tokens will be used in financial use cases such as transfers and international payments, as well as features such as multi-signature and atomic swaps, limit transaction wallets, and colored coins.

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According to the "Book of Swarm", Swarm was originally born from the vision of "building a decentralized storage and communication network on the blockchain". has sprouted. Vitalik and his team wanted to achieve the ultimate decentralized web, and Swarm was originally proposed as one of the pillars supporting it.

The "Book of Swarm" mentions that today's Internet has gradually formed a pattern controlled by large centralized companies and institutions such as Google, Facebook, and Amazon. What's even more frightening is that, by mastering a lot of user data, they can also use algorithms to "tailor" the so-called "content they want to see" for users. The rampant use of algorithms and the abuse of data have manipulated people in The information received on the Internet controls people's way of thinking and behavior. There is no doubt that people's network data privacy is facing a great threat.

The birth of Bitcoin and Ethereum opened a window for the decentralized Web3.0, but they both focus more on the transaction of systematic data, and pay little attention to the storage of non-systematic data. Swarm is precisely for Born out of solving this problem, it rethinks how the web is structured, backed by a foundation of cryptoeconomic incentives.

Compared with Swarm, which focuses on network data storage and distribution, Chia focuses more on its application in the financial field.

In Chia's official white paper, the Chia team summarized the history and advantages and disadvantages of Bitcoin. It is conceivable that they hope that Chia can become a new Bitcoin - a more efficient, energy-saving, environmentally friendly, Green bitcoin.

This digital currency can be applied to existing financial use cases and reshape the existing financial system to create a more convenient, healthy and secure financial environment, and even eventually break the traditional credit system, allowing people to trust the concept of credit A whole new understanding of itself.

According to the Chia white paper, Chia is the first new Satoshi Nakamoto consensus project since Bitcoin. By absorbing new technologies that have emerged in the development of the cryptocurrency field for more than ten years, Chia has improved transaction efficiency and Multiplied in block size. At the same time, Chia's new proof mechanism of "Space and Time Proof" can effectively solve the huge energy consumption and environmental pollution problems generated by Bitcoin's "Proof of Work".

In terms of the goals they want to achieve, Swarm and Chia have gone in different directions, but behind their grand vision, they are undoubtedly challenging the so-called tradition. Swarm wants to challenge the traditional way of network operation, while Chia is To challenge the traditional financial system, no matter who succeeds between the two, it will have a huge impact on the existing world.

But thinking about it this way, compared to competing with each other, isn't it that both Swarm and Chia have achieved success, which is the best result everyone is looking forward to? Maybe that future is just around the corner.