In early May, the Bitcoin network will usher in a new round of block mining reward halving. LongHash conducted an exclusive interview with the persons in charge of the world's two largest Bitcoin mining pools-F2Pool and Poolin, to discuss how the Bitcoin mining field might develop after the halU.S. Bitcoin priceving.
But in any case, the value generated by the transaction, whether in terms of actual benefits or ecological construction, the scale of the transaction is extremely important. As Satoshi Nakamoto once said, in the next two decades, Bitcoin will either have an amazing transaction volume or no transaction volume. At present, the transaction volume of more than 2,000 transactions per block needs to be further improved through the development of technology and market.
In the first half of 2018, although mainstream currencies fell slightly, the rise began to spread to small currencies, and the entire industry was still booming. In the second quarter of 2018, the platform currency started a wave of independent rise. Taking Huobi HT as an example, it rose from 10 yuan, which was nearly four times the increase in three months. In terms of transaction volume, the second quarter of 2018 was also a small peak. Coupled with various lock-up designs such as voting for the currency, profits and currency prices have risen together. The exchange has become the most enviable business in the industry.
According to the data of non-small accounts on January 23, Bit.cc is the biggest player, accounting for 685% of the total network transactions; according to Mytoken data, AEX ranks first with a 24-hour transaction volume of 3.24 million US dollars. According to data from MiningPoolStats, hotbit ranks first in daily trading volume with USD 2.67 million.
Of course, in actual operation, the amount Alice transfers to Bob needs to be greater than 1 BTC, and the necessary routing fees are paid to incentivize Bob to act as a routing node. Secondly, pay attention to the hash time length setting between two transactions, the second step must be longer than the third step. If Bob gets Carol's key after Alice closes the transaction, he will not be able to get Alice back 1 BTC.
What does the Web3 startup project create? There are two general directions, one is to develop new or enhance the existing Web3 technology stack; the other is to develop Web3 applications. I call on entrepreneurs, especially Web3 entrepreneurs, to pay more attention to applications, because only applications are the vehicle to realize the Web3 vision. In the past few years, thousands of platform public chains or second-tier network projects have emerged all over the world, and a considerabU.S. Bitcoin pricele part of them originated. This certainly reflects that the basic Web3 protocol is not satisfactory, there are many areas for improvement, and there is a lot of room for innovation. However, according to the laws of network effects, there are not many basic protocols that can survive and carry a large number of applications. Excessive and dazzling concepts have overdrawn social resources and are increasingly reduced to a game of money-trapping in the cloak of high-tech. At the same time, after Bitcoin, there is no Web3 application that can compete with Web2 applications, and more than 99% of Internet users do not perceive the existence of Web3. Now with Polkadot/Substrate, it is technically possible to develop Web0 applications that have minimized trust, no need for approval, and anti-censorship, and user experience and usage costs can compete with Web0. The golden age of Web3 application entrepreneurship is kicking off.
The principle behind Layer2 is that we can use this deterministic core as an anchor-to add other economic mechanisms to this foundation. Layer2 can extend the utility of the public chain outside the chain, making it possible for us to interact outside the chain, and these interactions can still be returned to the main chain when needed.