Introduction: It is not a year or two since the battle of the public chain. Due to the shortcomings of the Ethereum network such as low efficiency, high transaction costs, and poor scalability, Ethereum "killers" have emerged in an endless stream in recent years. As a result, Ethereum has been imitated, but never surpassed. With the explosion of the DeFi craze, a new wave of platform public chain competition followed. Here,We call this phenomenon the fork of the public chain. 

The Battle of the Public Chain in the Early Years

The reason why there are so many public chain competitions is because of Ethereum’s network congestion, high transaction costs, poor scalability and other factors. Large and small public chains are also scrambling to solve various small problems on Ethereum. With its own characteristics, when the heat of speculation dissipated, it was found that the real demand was not as good as imagined, and only marginalized Tokens were left in the end.

Vitalik Buterin: If Tron surpasses Ethereum in the future, he will lose some hope for human beings.

Justin Sun: TRON will erect a monument for Ethereum to commemorate the contribution made by Ethereum in the history of human blockchain.

BM: The king of public chains is none other than EOS.

The results were obvious, and over time it was found that:The road of Bitcoin-Ethereum is to pursue and create a new game system in human society on the basis of decentralization, while other public chains run counter to it by exaggerating false demands and forking from the basic principles of decentralization.

The DNA of Ethereum

As we all know, Bitcoin was extended from the cypherpunk community, and Ethereum was developed from the early Bitcoin community. The common point of the two is that they were born in a group of brains with wisdom and soul.

The success of Bitcoin is no accident. The asymmetric encryption, hash algorithm, workload proof, time stamp and other technologies used by Satoshi Nakamoto were not invented by him himself. For him, these technologies are just to complete his great Vision tools, use the combination of these tools to design a new set of mechanisms,What it ultimately needs to solve is not efficiency and expansion, but a decentralized protocol that does not need to trust a third party to bring data that cannot be tampered with—credibility.

Ethereum has inherited this most important feature of Bitcoin — trustworthiness.

Besides that, something likeGitcoin、Snapshot The creation of such platforms as Ethereum provides an open source cultural window for cultural exchanges, DAO experiments, and developer exchanges, and it is an ecological infrastructure that is not for profit.

This requires soul and dedication. For example, the early consensus of Bitcoin was not strong, and BTC could not be sold. There is still a force to provide computing power to maintain the security of the Bitcoin network.This is an inhumane thing that requires a strong dedication.

In the blockchain world, the code can be completely copied in the next second, but the things that really attract people to participate cannot be copied.Its continuous innovation and creativity are difficult for any public chain to replicate, or in other words, other public chains are waiting for the innovation of Ethereum to feed.

Ethereum value overflow

The platform smart chain that has been in full swing recently has taken advantage of the popularity of DeFi, relying on strong resources and traffic to seize the market. The cause is exactly the same as the public chain dispute in the early years-the network congestion of Ethereum and high transaction costs make it expensive to use the Ethereum DeFi protocol. Poor experience.

Therefore, the public chain of the platform follows the trend, and the enthusiasm for speculation is extremely similar to that of the previous one.Constantly refresh the transaction volume of the platform's public chain, and maintain the seemingly indestructible centralized public chain DeFi by means of mining.

The market is buying it. The DeFi spillover on the Ethereum chain has supported many projects, and its sustainability cannot stand the test. Because, even DeFi Lego on Ethereum has not yet explored a truly successful path.

Summarize

Summarize

Developers in the Ethereum community are working hard to solve many problems currently existing in Ethereum, such as Layer 2, ETH2.0 and other solutions.But the root of the solution still needs to be improved without sacrificing credibility. This is the source of long-term development and the foundation of an economy on the proto-chain.

Continuing the road of decentralization of Bitcoin and Ethereum is the vision of going back to the source, and the "blockchain" project branched from this road will eventually become the nourishment of the road of decentralization.