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"Grey Thinking"
Why is it being followed so quickly? What are the core elements? Grayscale observation will start with a brief analysis of the project's technical vision (white paper), technology research and development (technology and update) and team core (consensus);
"Background Statement"
After the "5.19" incident, the encryption market is relatively sluggish, BTC fluctuates sideways, and the current "bull and bear trend" is still unclear~
This time the "big bull cycle" is:
DeFi
Polkadot ecology
Polkadot ecology
NFT
Distributed storage track
……………………
crazy zoo
The result of these waves of track hotspots relaying each other to a new high, and finally successfully out of the circle attracted a large influx of funds from all over the world. In essence, the boundary between "bulls and bears" is nothing more than the ratio of capital inflow and outflow:
Cow>1<1
Bear
It is very simple to understand, but the difficulty is that the analysis of the "behind the scenes" flow of funds is very complicated. It requires huge macroeconomic analysis and policy trend control, as well as illusory network resources, so please don’t easily define the “bull and bear” state of the encryption circle, this is beyond our control~
What you need to do now:
Do something within your ability - long-term investment;
The focus of thinking should be on the value of the project rather than just bulls and bears in the market;
To sum up, it is to look for high-quality projects. The current encryption projects are uneven. According to statistics, the number of cryptocurrency deaths has reached (1,647), while Binance, the world's largest digital currency exchange, only has (1,121) ). Dying data is very scary;
Caused by most of the following factors:
Parody (plagiarism)
Hack
Scam
The actual vision of the project solution and the technical research and development capabilities of the team are the value of a project. Obviously, those dying projects do not have it. The importance of finding high-quality projects is self-evident.
Looking for high-quality projects, we can analyze them from three dimensions:
Technical Vision (White Paper)
Technology research and development (technology and update)
Under the depressed market atmosphere, Swarm and Chia are undoubtedly the focus projects in the blockchain field that have sprung up suddenly.
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Swarm
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Swarm is a decentralized distributed storage communication network and a smart contract incentive system on the Ethereum chain (similar to IPFS+Filecoin).
Swarm uses a different solution from IPFS on the core storage components. Swarm is a "content-addressable" block storage, while IPFS is a "content-addressable" distributed hash table, which is what the current project is facing Determined by data type and group.
IPFS: Global Network Cold Data
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Swarm provides decentralized distributed storage and communication services for Ethereum DApps and data on the Ethereum ecological chain, provides storage platforms and content distribution, optimizes the storage method of data on the Ethereum chain, and accelerates the landing of dapps and entities.
long term vision
Swarm is a storage system that redefines the global network. Since the current Internet has become a basic channel for value creation and an important venue for economic activities, the data economy of the Internet is very unfair. The user's own data is regarded as private property by "big companies", forming "data islands" that limit the development process of the entire Internet, and are an important key to restricting the development of the Internet.
In order to achieve the goal of a fair data economy, Swarm must become a scalable and self-sustaining infrastructure for global data, establish a complete distributed storage system, impact the traditional big data business ecology by reshaping the incentive structure of the Web and applications, and transfer power to By the user, not the platform, this would be a major upgrade to the web. Swarm is not only the three pillars of the Ethereum ecology, but also will become an important key to the development of Internet Web3.0.
Chia Chia
Chia is a decentralized blockchain intelligent transaction platform with the vision of improving the global financial payment system. (Similar to the Bitcoin electronic cash originally envisioned by Satoshi Nakamoto)
Chia positioning
Many people call Chia a Bitcoin killer. This positioning is inaccurate. The direction of Bitcoin designed by Satoshi Nakamoto has long been contrary to his original idea. It is no longer "a peer-to-peer electronic cash system" and more is A kind of digital gold, the entrance to solve the problem of inflation. And Chia's positioning of "Satoshi Nakamoto Consensus" is peer-to-peer electronic cash, so we can compare Chia to the successor of BTC.
Chia Vision
Chia mentioned in the white paper that the central bank's digital currency plan, internal tokenization and external payment of financial institutions, global enterprise supplier management, DeX/DeFi, and even personal cross-border payments can all be implemented through the Chia (Chia) blockchain technology To solve it, Chia will become the green currency of the digital world.
Technology research and development: distributed storage and space-time proof (Post)
Swarm distributed storage
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The type of data stored in Swarm is mainly hot data, so the need for high access frequency and high efficiency is the fundamental reason why Swarm has high requirements for network bandwidth. Swarm and IPFS can also play a very good complementary role in the entire storage industry due to the different types of stored data.
The storage and communication of Swarm data does not require the permission of others other than myself, and truly realizes a free and open network environment. As mentioned in the "Book of Swarm", the API and other related tools it provides are carefully designed to support all traditional web browsers, and can immediately provide a more privacy-conscious, decentralized alternative to existing The World Wide Web (World Wide Web).(Click here to learn more about the Swarm testnet airdrop)
Chia algorithm consensus
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Chia Network's blockchain relies on a new Nakamoto consensus algorithm called Proof of Space and Proof of Time. These new methods don’t consume large amounts of electricity and single-purpose hardware like PoW."Chia's consensus algorithm, PoST, aims to be PoW's"green
Although Chia is hard disk storage mining, unlike those distributed storage projects, Chia's storage space is mainly used to prove computing power rather than storing data, that is, to draw pictures for P disks.
The core of the team: Bram Cohen, the father of Ethereum V God VS BT
Swarm financing member
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Swarm was launched in 2015, jointly promoted by Ethereum founder Vitalik, Polkadot founder Lin Jiawen and Jeffrey Wilcke, and led by the Ethereum Foundation.
Swarm announced that it has completed a $6 million private placement. According to the information disclosed by Swarm, investors include Alphemy Capital, Bitscale Capital, DFG, KR1, HashKey, NGC Ventures, The LAO, Leading Capital, etc.
Chia financing member
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Chia Network was founded by Bram Cohen, the creator of BitTorrent, including Gene Hoffman, the former founder and CEO of eMusic.com and Vindicia, and Mitch Edwards, the former acting CEO of Overstock.com;
Just a few days ago, Chia received $61 million in financing, led by venture capital giant Andreessen Horowitz and Richmond Global Ventures, a global venture capital firm in Richmond.
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Summarize
This article briefly analyzes the value system and technical strength of Swarm and Chia from the three dimensions of white paper, technology, and team. The author believes that driven by the grand technical vision, both Swarm's distributed storage and Chia's peer-to-peer electronic payment will challenge traditional industries.
