Can the blockchain strip the ICO? It’s still very difficult to talk about subversion.

The blockchain is called the "making rich" myth. Bitcoin has been crazy for a whole year in 2017. A bitcoin war has made you a rich man in seconds, and the popularity is hot. But is it really possible to talk about "subversion"? According to the market reality, the application scene has become difficult and subversive? Technology is still in its early stages and it is currently very difficult to see.

In 2017, Bitcoin was crazy for a whole year, and in 2018, the blockchain has set off a new boom. “It’s hard to imagine that there’s something like a blockchain that’s going through the entire venture capital circle in a few days, and the heat is high.” On January 13th, the CEO of an Internet company was at the annual meeting. Feeling.

At the beginning of 2018, the blockchain began to heat up, and many Internet companies announced the launch of blockchain projects. The concept of blockchain is hot. This is considered to be a continuation of the virtual currency "the myth of making wealth." Almost at the same time, on the evening of January 12, the China Internet Finance Association issued a notice saying that ICO was disguised in disguise, calling on investors not to follow suit blindly; on January 15th, the media reported that China's multi-sectors will jointly fight against the black industry chain, tokens, virtual There are more than 3,000 currency marketing platforms.

Although the blockchain is considered to be promising, it is still in the depths of the vortex: optimists believe that its decentralization, non-tampering and other characteristics are subversive; while another person is cautious, they see the virtual currency to create wealth For the short-term development of the blockchain, it is based on bubbles and speculation.

Digital currency analyst Xiao Lei said that the application of blockchain is difficult to release from the token, so it is still difficult to solve the problem of token speculation. Due to the application of scenes, technical support and the lack of third parties to translate "blockchain language", the blockchain landing has become a major difficulty.

In response to the potential of the blockchain, many people in the industry said that its "subversion" significance is not only an improvement of the existing Internet technology, but also a subversion of the social organization's cooperation mode and business operation mode in the long run. However, in the short term, it is still too early to talk about “subversion” due to restrictions such as speculative atmosphere and technical factors.

At the end of the year and the beginning of the year, a currency inventory in the venture capital circle provoked waves: the most dazzling bitcoin in 2017, the price rose more than 1500% throughout the year; another lighter but the currency of the black horse Ripple, the price The annual increase was over 36,000%; Ethereum, once the world's second largest cryptocurrency, saw a price increase of 9162% during the year. Others are not well-known virtual currency such as New Zealand Dollar, Stellar and Dash, and the price increases are 29842%, 14441% and 9265% respectively.

In China, virtual digital tokens have been strictly regulated. In September 2017, the People's Bank of China and other seven ministries jointly issued the "Announcement on Preventing the Risk of Subsidy Issuance Financing", clearly stating that the issue of token issuing financing (ICO) is suspected of illegal fundraising, and any organization or individual should immediately stop engaging in ICO.

ICO, which means the first token issue, originated from the stock market's initial public offering (IPO) concept, is the first time the blockchain project issues tokens, raising the common digital currency such as Bitcoin and Ethereum.

When the policy came out, the situation of domestic blockchain enterprises issuing virtual tokens was curbed, and the issue of currency is transferred to the underground. However, the price of virtual tokens has risen steadily, which has made the enthusiasm of some domestic investors not increase.

"Even now, speculation is still one of the investment methods of many young people. Even many entrepreneurs and investors in the venture capital circle are participating." An investor who did not want to be named told the Beijing News reporter.

On January 2, 2018, the old Internet company Renren Company announced that it will launch the blockchain project “Everyone Square” and announce the ICO plan called RRCoin (Rent of Renminbi). On January 3, Kodak issued a notice saying that it will release the digital currency Kodak, and it is involved in the blockchain field. As a result, Kodak's share price has risen by as much as 120%, and this almost forgotten company has returned to the spotlight. Even Xunlei's "Cai Ke Yun" blockchain project hardware products, the amount of reservations before the sale is close to 15.1 billion yuan, almost directly to Xiaomi 2017 does not include mobile phone sales.

Shortly after that, Internet technology companies such as NetEase, 360, Fast Broadcast, Mito, Xiaomi and BAT also broke into blockchain projects. The investment circle is even more because of the “internal sharing” leaked by Xu Xiaoping, the founder of Zhenge Fund, which made the blockchain a no-brainer.

Even in the secondary capital market, the trend of the broader market is not optimistic, or even slightly decline, many blockchain concept stocks still perform strongly, with daily limit for two consecutive days.

This "prosperity" did not escape the attention of the regulatory authorities. On January 12, the China Internet Finance Association announced that the “chain gram” in the Thunder blockchain project replaced the legal currency payment obligation for the services contributed by the participants. It is essentially a financing behavior and is a disguised ICO. At the same time, the blockchain project of “Everyone Square” Netease “Big Cat” has also been expelled and the regulatory impact has stopped. On January 15, the news said that many domestic departments will jointly fight against the blockchain black industry chain, and more than 3,000 token and virtual currency MLM platforms.

At this point, a blockchain that is just about to continue, "making wealth" has come to an end.

The so-called "blockchain" refers to a distributed, peer-to-peer database book. In a simple sense, it is a combination of P2P, encryption algorithms and other technologies. The database is directly connected to each other. The transmission needs to be encrypted.

The application of blockchain technology is to apply this database technology that integrates P2P and encryption algorithms into actual production.

Blockchain technology is quite special. If you want to apply this technology, you must generate digital assets. The medium that keeps the assets running is the token, also called the pass, that is, a string of codes. "This string of code is like the blood of the blockchain, which drives the blockchain to expand and realize the transfer of assets and value in the chain," said Xiao Lei, a financial columnist and digital currency analyst.

One of the advantages that the blockchain is expected to be high is decentralization, with no intermediate parties involved in bookkeeping. In this case, the token plays the role of reward bookkeeping, so that each node in the chain has the incentive to participate in the bookkeeping. "If you take away the token, you need a third party to play the bookkeeping function, that is, the centralized organizational structure, lost the most valued value of the blockchain." Xiao Lei said.

Blockchain is not a mechanism that cannot remove tokens, but the value of losing the token mechanism blockchain will be greatly reduced. “With the loss of tokens, the blockchain has become an upgraded version of the corporate database, meaning less than 99%, and its ability to transform society will be greatly reduced.” Chinese IT community CSDN Vice President Meng Yan told the Beijing News reporter.

This explains to some extent why many blockchain projects are combined with ICO. "The real logic of ICO should be that blockchain developers need to raise resources in the early stage in order to develop blockchain projects. However, once the project is completed, developers can no longer implement control, and only the developed project tokens and pre-releases. The resources raised are exchanged," Meng Yan said.

Initially, this was an efficient blockchain development model. Later, due to the continuous appreciation of digital currencies, speculation and illegal financing were evolved.

One way to change this situation is to make the issuance of tokens (unlimited) unlimited. "For example, in some blockchain projects used in food safety traceability, tokens have become a kind of mark, which can be generated indefinitely, so that there is no value for hype," Xiao Lei said. In addition, perhaps you can try to limit the threshold of investors, "just like the threshold of the New Third Board investors is 5 million securities assets."

“Tokens are essentially compensating for the computational resources consumed and maintaining the operation of the blockchain. It is not ruled out that there will be new technologies to change the mechanism of tokens on the blockchain in the future, but it is still difficult.” Chain company operators said.

Conecting Terminals Without Screws

Conecting Terminals Without Screws,Cold Pressing Terminals,Low Pressure Cold Shrinkage Terminal,Cold Shrinkage Cable Terminals

Taixing Longyi Terminals Co.,Ltd. , https://www.longyicopperlugs.com