The significance of the blockchain is not limited to digital currency, but also industrial integration |

We are all different as human beings, and as we grow over time, our minds change.

Some people like nostalgia and always believe in things that have been developed in the past;

Some people like the future and are always pursuing new changes;

Some people like to be steady, to cultivate everything in the present, not to recall the past, not to fantasize about the future.

When we take this phenomenon into the blockchain industry, you will find that the reason is the same. DeFi has exploded since last year. Many developers and speculators have appeared under the wind. The two coexist. One type of people is making contributions to the blockchain and wants to make it better, while the other type of people just wants to Cut a wave of leeks and run away quickly.

Bitcoin is the most successful digital currency so far since 2008, and it is also recognized as the "boss" in the currency circle. Ethereum is the "leading second" and is the most widely used currency on DeFi. What about the third?

I think it is DOT, the current ranking does not show anything, XRP and USDT are deeply involved in the centralization problem that has been criticized. But there are also people who dispute this.

In short, each has its own opinion, no one can use TVL and market value to define the ranking of digital currencies, and the final application to people's lives is the reality.

As for the blockchain, many people have only a half-knowledge. From Bitcoin to DCEP, it has become a new infrastructure, but what exactly is it? I think most people have no way to give an answer.

Many people have heard a term called a miner. In the circle, it refers to a person who obtains various digital currencies such as Bitcoin through mining machines. The more coins they mine, the more they have the right to speak.

If we say what is the most profitable from 2009 to now, it must be Bitcoin, which may be the best opportunity to achieve overnight wealth during this period.

But now, the gray industry period has passed, and the supervision of various countries is also keeping pace. Everyone is exploring the application of blockchain.

Of course, there is still room for value-added, but you have to be able to accept its fluctuations and take a long-term view to catch big fish. In this wave of bull market promoted by institutions, no one knows where its limit is?

Finance is only a natural attribute of the blockchain. It cannot be said that the issuance of currency is the blockchain, and the blockchain is the digital currency. This is a paradoxical relationship.

The essence of the blockchain is the underlying technology. Through smart contracts, everyone can participate, use technology to speak for themselves, and no longer use high thresholds and high standards to restrict participants, making it a game of bankers.

Now mainstream concepts such as DeFi, NFT, and DAO have been derived, and the framework of the decentralized ecology has been constructed.

Some people in the industry who are too optimistic hope that decentralized finance can replace banks. In fact, the applications derived from decentralization should be combined with real-world applications, such as helping banks, courts, hospitals and other institutions to provide better services. Chain, better digital transformation, not to replace them.

The future development direction of the blockchain must be the ecological win-win combination with the off-chain entities after the development on the chain is completed. No technology will only develop in its own separate field.

I personally think that the current chaotic digital currency market is normal. After more than 10 years of development, it has begun to reshuffle the cards. What remains in the future must be applications with practical applications, not just digital currencies.

The Internet makes information more convenient, and the blockchain will make trust more convenient. They are all underlying infrastructures, and no one can replace anyone. Only who can combine with whom can promote the construction of a digital ecosystem.