Hundreds of media communications, KM News Mr. Shen’s blockchain: DeFi arouses the enthusiasm of public chain track. How does NA(Nirvana)Chain “born for application” break through?
The first interview program Mr. Shen’s blockchain of KM News was officially started. The host of this program: Mr. Shen. The first guest: Lennon, Chairman of RLJ Blockchain Technology.
The topic of this interview is: DeFi arouses the enthusiasm of public chain track. How does NA(Nirvana)Chain “born for application” break through?
The following is an interview record:
(Slightly abridged without changing the original meaning)
Mr. Shen: Hello! I’m Mr. Shen, and this video is a series of talk shows Mr. Shen’s blockchain launched by KM News. In this program, we are honored to have Lennon, Chairman of RLJ Blockchain Technology, for this interview.
Mr. Shen: First of all, please introduce the basic situation of NA(Nirvana)Chain.
Lennon: Simply speaking, NA(Nirvana)Chain is an underlying facility service platform, which is “born for application” and provides developers with a large number of optimized and customizable services. It has the following characteristics: 1. For the first time, it adopts heterogeneous compound chain architecture to realize divide and rule of data and massive concurrency. 2. Decentralized domain name leasing platform has realized the construction of anonymous decentralized web pages. The web page domain name, UI design, logic program and data are all uploaded to the blockchain, and 100% decentralized Dapp and Dweb have been realized. 3. The NVM virtual machine realizes timed tasks, parallel computing and micro-service. The original N++ development programming language can be mastered in five minutes.
Based on the cutting-edge technical ideas, the team came to improve the ecology of the public chain, and thoroughly solved all the problems that the public chain had not solved before.
Mr. Shen: Then, when did you enter the blockchain industry, Lennon, and what kind of team composition is NA(Nirvana)Chain?
Lennon: I personally started to contact Bitcoin in 2013. It can be said that I have experienced the development history of the whole public chain. NA(Nirvana) Chain has been focusing on the construction of the infrastructure at the bottom of the blockchain, making truly valuable things for developers and the whole industry. From the outside, NA(Nirvana) Chain is a new public chain technology. However, from the perspective of NA(Nirvana) Chain team, it has spent nearly two years during the preparation period and has been making the “newest” attempt in the industry. In 2019, the founding team launched NA(Nirvana) Chain with the original intention of solving the problems of public chain congestion and public chain extensibility. At present, NA(Nirvana) Chain will launch the test network and carry out publicity activities, including incentive plans for developers and expanding community nodes. In the future, the technology accumulation of NA(Nirvana) Chain will also create its own huge ecology on a large scale. Everyone can look forward to it together.
Mr. Shen: Thank you for the introduction, please tell the audience what is public chain? What is the importance of public chain in the field of blockchain?
Lennon: Public chain is also called “public blockchain”. Public chain refers to the blockchain in which anyone in the world can read and send transactions, and the transactions can be effectively confirmed, and can also participate in the consensus process. Public chain is like the foundation of a building. If there is no public chain to support it at the bottom, the application of blockchain is equivalent to a castle in the air. The development of public chain is related to the future trend of blockchain. It is the underlying support of the application value of the whole blockchain, even the operating system of the whole industry. Only when the public chain operates solidly, steadily and efficiently can the commercial application of blockchain truly land and develop.
Mr. Shen: We know that 2018 is the tenth anniversary of the birth of Bitcoin. That year was also called the first year of public chain competition in the industry, but now it has come to the third year. At present, the competition in the public chain field is very fierce, and it can be said that it has entered a white-hot state. Why did NA(Nirvana) Chain choose to be born at this time point?
Lennon：In fact, since 2018, the concept of public chain has not been favored by the public, because to build a unique public chain requires not only very strong technology, but also advanced product design concepts, and it takes a lot of money and time to precipitate. From 2020 to 2021, after Defi and NFT promoted this bull market, most of the projects we saw were Defi, NFT, DEX, etc., and few new public chains appeared. At present, because of the rapid development of Defi and NFT, the previous public chain has been increasingly unable to meet the existing ecology, especially this year; the overall encrypted market value has exceeded one trillion. This is a milestone volume, which means that there needs to be a new public chain in the market to meet the growing demand of new ecology. At present, there are only a dozen public chain systems in the world. It is extremely difficult to design a public chain with high efficiency, low delay, high scalability and low cost, including Bitcoin and Ethereum. Ethereum’s development and application costs and handling fees are very high, and it often causes congestion. Bitcoin itself has the same problems.
Other public chains are also trying to solve some problems, such as distributed storage, inter-blockchain, etc., but at present, there is no effective and exact solution. The public chain itself is actually a tool, and only if the tool is good, the products created will be more exciting.
After a long preparation period, NA(Nirvana) Chain has carefully analyzed all possible problems in the previous public chain, and has done a lot of academic research to designe this innovative technology public chain. The slogan “born for application” is to improve the ecology of the public chain, which is the original aspiration and responsibility of the team. The future world will be built on the trend of decentralization. NA(Nirvana) Chain will accumulate a large number of users through the unique infrastructure, and even support the high-speed operation of the whole blockchain world.
Mr. Shen: OK. Special thanks to Lennon, Chairman of RLJ Blockchain Technology, for introducing so much to us. Today, our guest dialogue has come to an end temporarily. In the next program, we will have a more in-depth discussion on “public chain pain spots and advantages of NA(Nirvana) Chain products”. If you have any questions or interests about our NA(Nirvana)Chain project, you can follow us or leave a message in the comment area. We will reply as soon as possible!
This is the end of today’s interview! Thank you! See you next time!
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