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Nervos& firecoin public chain AMA: support trillion financial needs, DeFi is the future option

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How does Nervos respond to miners smashing? Understanding miners, long-termism, CKB's design can stand the test.

BlockBeats news, March 4 at 8pm, Nervos co-founder & amp; Lu guoning, the leader of the development team of firecoin public chain, was a guest of the community, and CypherJump CEO & Deichao, founder of DeFi Labs, talks about the company and DeFi.

Background: a few days ago, huobi announced a test online line for huobi public chain, a supervised blockchain operating system for the financial sector, which is based on the blockchain infrastructure for the digitalization of global assets and financial markets.

I. the goal of Huobi Chain is to support the demand for trillion-level financial applications

Dai shichao: the idea of trading platform doing public chain is to prevent being revolutionized by DEX, but huoyuan public chain is to do "compliance on the chain financial infrastructure", how does it compete with ethereum DeFi ecology?

Lu guoning: trading platform public chain do DEX has four appeals: the first long tail currency on the trading problem. Second, the issue of regulatory transparency can be realized through DEX. The third exchange common chain can decouple the Taiwan dollar from the exchange itself. The fourth trading platform does DEX Chain has huge advantages.

In DeFi ecology DeFi ecology of the present, the future development of trading platform public chain to rethink the positioning. Huoyugong chain is positioned as an independently innovated supervised blockchain operating system for the financial sector, and it is an infrastructure for the digitalization of global assets and financial markets based on blockchain. The goal is to strive to become a financial public chain in line with global financial regulatory requirements, to support the demand of trillion-level financial application scenarios. Specifically, the following three points:

1. Huobi Chain is the world's first public Chain that provides compliance and supervision framework on the Chain and supports compliance and supervision comprehensively and deeply.

2. Huobi Chain can be customized for financial derivatives scenarios and support financial application developers to independently create applications.

3. The Huobi Chain can also support native custom assets and an elastic governance model framework.

Ii. Huobi Chain and Nervos CKB are cooperative rather than competitive, and the main network will be launched in the middle of the year

Generation super: Nervos is a technology public Chain, Huobi Chain is a financial public Chain, there is no competition between them, why cooperate?

Daniel lv:Huobi Chain and Nervos CKB are not a competition, but a partnership. Nervos CKB is a completely decentralized, world-class blockchain infrastructure,The target is bitcoin, the new generation of public infrastructure.The fire money public chain is more subdivisionPublic infrastructure perpendicular to the financial sector,To embrace regulation and contribute to a future of open, transparent and inclusive finance.

In the past 10 months, thanks to Huobi's trust and support, we have successfully launched the test Chain of Huobi Chain together. In the next step, we will fully open the test Chain and make the final sprint for the main network launch in the middle of this year.

Iii. Route dispute: which is better, community route or capital route?

Dai shichao: some time ago, I saw that bitan also wanted to support the mining machine of CKB. There was a view that PoW project could not be done privately. In this way, miners and private equity investors played against each other, resulting in mutual harm, and could not reach a consensus. What do you think about that, how do you deal with that risk?

Lu guoning: this problem involves the choice of development route. There are two routes, one is community route and the other is capital route.

In addition to bitcoin and ethereum, numerous PoW projects over the past few years have started in the community and attracted a huge amount of resources before moving to one place. This process wastes a lot of resources, and following the community development path is no guarantee that you will get out.

If the capital route is adopted, in fact, the huge risks and uncertainties in the early stage will be borne by the institutions and early investors, and there is no guarantee that the project will succeed. Using the power of capital has its drawbacks, but after getting the resources for survival and development, it also speeds up the process of Nervos ecological expansion, and the various roles in the ecology will gradually reach a consensus in the fast-moving time stream.

Iv. How to deal with miners' smashing: understanding miners, long-termalism, CKB's design can stand the test

Dai shichao: some people say that the miners have no faith and only pursue interests. COINS are sold to pay electricity bills. Really? What is the layout of Nervos in the ore ring? How does Nervos respond to miners smashing?

Lu guoning: making a public PoW chain is much more difficult than we imagined. And for a PoW chain, miners are very, very important players, and they have a lot of investment and a lot of uncertainty, which is easy to overlook.

The value of the safety provided by miners is significant. For the cold start of the PoW chain to be successful, it must be able to attract miners to put in the effort to provide security for the main network.

We are all long-term believers. We always believe that CKB's many designs can stand the test of time. We have firm confidence and enough patience.

5. DeFi is a mandatory option for the future

Generation super: how does Nervos view and intervene DeFi track?

Lu guoning: there are two opportunities for DeFi's development. On the one hand, Stablecoin's development scale changes from quantity to quality; on the other hand, Ethereum's ecological development accumulates a certain number of users and develops the environment and ecology.

DeFi is a future-oriented option, in other words, a future-oriented public link must be able to provide maximum support for DeFi development in terms of infrastructure!

The main layout of Nervos CKB in 2020 is developer ecology and infrastructure improvement, which will soon be working on CKB as the core team and community follow the established plan of Layer 2 ecology and community improvement.

Vi. Others: us $30 million fund, Nervos 2020 roadmap

In addition, lu said Nervos announced a $30 million fund in January 2020 to encourage development teams and projects that help Nervos develop infrastructure and ecology, which is rare among all public links today.

Lu said that in 2020, Nervos will continue to improve the CKB protocol layer and chain development, and will focus on three things:

1. Developer experience, Layer 2 technology, and developer community continue to grow. The Nervos core development team will continue to improve the developer experience, provide more alternative intelligent contract programming languages, continue to optimize virtual machines, more mature SDKS, and better documentation.

2. In terms of Layer 2 technology, including the test chain scheme based on Muta, we will also do the Rollup scheme and the layout of Channel Network on CKB.

3. In terms of the developer community, we actively explore and find excellent blockchain product development teams around the world, and introduce and promote Nervos public chain technology to them.