DFC public chain 2.0 launched globally Create a new system in the blockchain field
It has been 12 years since Bitcoin was born, and its underlying blockchain technology has been constantly developing. Blockchain 2.0 represented by Ethereum has spawned a powerful DeFi ecological application, which already has the ability to challenge the traditional financial system. ability. Blockchain technology has entered the stage of application. Although it is still relatively early, those public chains with application value will surely become capital investment tracks.
Grayscale pointed out in the report “The Big Transfer of Wealth Promotes BTC to Become a Mainstream Investment Target”: The digital age has arrived, and US$68 trillion of wealth will be transferred to the younger generation who tend to invest in digital currencies in the next 25 years. This is a huge opportunity for the entire crypto world. Bitcoin has already established its position as digital gold, but the dominance of Ethereum is not stable yet. Let us look forward to the arrival of the next trillion crypto assets!
The 2.0 version of the DFC public chain will be launched soon, and set sail in the 2021 bull market. It is bound to reopen a new momentum from a more professional, in-depth, and comprehensive perspective, and create a new ecosystem in the blockchain field.
Technical advantages and value of DFC2.0
The technical characteristics of DFC2.0 include: the double-layer structure of the relay chain and the parachain provides stronger expansion capabilities for the system; DFC can connect to Bitcoin and Ethereum, realize the ecological migration of assets, and has strong compatibility; DFC’s substrate It can greatly reduce the cost and difficulty of public chain development and so on.
The new generation of public chains can be described as reaching the same goal by different routes. Although the technical solutions are different, the general direction is towards scalability, interoperability, and cost reduction and efficiency enhancement. Therefore, this article will not repeat them.
Below, we will start to explain the advantages of DFC public chain technology from the more “low-level” non-fork upgrade and business inclusiveness.
The bifurcation dilemma of the public chain:
Recently, the Ethereum EIP-1559 proposal has aroused heated discussions. The antagonistic attitudes among the big mining pools and the upcoming “peaceful military exercises” have caused the market to worry about hard forks. The reason is that the bifurcation dilemma of public chains is often born when different participants in the system cannot reach consensus on their interests.
Neither the Bitcoin system nor the Ethereum system considers “how to upgrade itself”. If the public chain itself does not have this function, then it is necessary to find another way outside the system to reach a consensus, so that all participants in the system, All equity holders form a consensus. This is the hard fork dilemma of the public chain.
Unlike Bitcoin and Ethereum, DFC’s own business logic is included in the DFC consensus, that is, DFC can be upgraded without forks.
People think that things related to DFC, namely parachains, governance, balance, DFC tokens, etc., are not actually part of the underlying protocol, but the basic things that run on the network. These things are actually a business logic on top of the protocol, which is completely programmable. This means that at any time in the future, DFC can be replaced with some other business logic, and can be replaced with some other options. The actual protocol is defined as the DFC consensus layer, and there are actually very few things that are difficult to change. That is all the underlying consensus BABE and GRANDPA, which are two aspects of a mixed consensus.
DFC chose the most common and widely adopted language or format in the industry-WebAssembly. All DFC-related things run on this WebAssembly-based thing, which means that the upper-level things can be replaced. This means upgrading it to change the underlying protocol without having to undergo a hard fork.
“Ten Thousand Chains into One” or “Multiple Coexistence”?
In the future, as the public chain technology matures, more application fields begin to migrate to the blockchain. Different fields need differentiated and specialized public chains. One Ethereum obviously cannot meet the multiple needs. How to break between public chains The “islanding effect” will also become more and more important.
DFC’s heterogeneous sharding design is one of the technical solutions most likely to break through this problem.
In the heterogeneous sharding of DFC, the parachain can have its own blockchain logic. We can regard the DFC consensus layer as Layer 0, as the base layer (the platform of the platform), to provide security and interoperability between parachains. Ethereum, Moonbeam, and Acala, these differently positioned “application chains” can all be built as Layer 1 on the DFC public chain.
In contrast, transactions on Ethereum follow (and are subject to) the same business logic, and DFC’s heterogeneous sharding will make the world on the chain more diverse.
“In the future, all projects connected to the parachain can be freely experimented and innovated. The innovations that are proven to be effective will be promoted to the main chain by DFC, and invalid innovations will be left on the parachain.” “For the long term, DFC It has become a master of integration. While improving the quality, it also provides a platform for other projects to develop and is more inclusive.