What is the Main Chain Blockchain (Investment Value of Main Chain Coins)
What is the main chain blockchain? What is a main chain blockchain?We all know
What is the main chain blockchain? What is a main chain blockchain?
We all know that Bitcoin is the most commonly used public key encryption system in the world. However, Ethereum does not support such private chain technology. Due to the flaws in smart contracts and distributed ledger technology, some people believe that Bitcoin cannot be adopted, let alone become a globally accepted payment currency or legal tender.
Therefore, many people believe that without a viable solution to solve the problem of Bitcoin transaction congestion, it will be difficult to handle these transactions on a large scale. In this case, a method called “consensus mechanism” becomes possible, although it seems to be a challenge. However, as time goes by, the “trust minimization” approach is proving effective and maturing. “Secure-based digital assets” are very efficient and decentralized digital assets: they can be used as collateral for storing value, as well as for settlement purposes.
In order to make the network operate more efficiently, when a user sends a message to another node, they actually have to send it to a designated wallet address, and the funds in that wallet will receive the corresponding reward, providing motivation and ensuring the security and stability of the network. This process may be good for people who use unmanaged accounts. However, to achieve this, it is necessary to establish a dedicated service to perform complex tasks. For example, if you want to buy Bitcoin through an exchange. If you exchange fiat currency for cash, you may receive a card. Of course, you can directly access your bank account like any other financial platform without taking risks, such as transferring or converting back to fiat currency. That is why most companies eventually choose to entrust their business models to an entity to operate their companies. This applies to all stakeholders. But from the beginning, everyone should be aware that everything they do is just because it’s that simple. So, what is preventing people from continuing to develop new products? The answer is to make the Internet truly powerful! So, let’s see how blockchain can improve work efficiency and reduce costs.
Investment Value of Main Chain Coins
According to the data from the Chain Tower Data Platform, there are only three main chain coins with a market value of less than 10 billion. The first is Bitcoin, whose price reached $10,000 in December 2017, then fell back and quickly rebounded to around $20,000; the second main chain coin is Ethereum’s competitor, which has fallen out of the top ten. However, with the launch of Ethereum 2.0 and the acceleration of public testing, the fermentation of various positive news such as the rise of DeFi concept, people are paying more and more attention to the value of the main chain network and starting to chase high main chain coins.
The investment value of main chain coins mainly lies in the project development process and investment strategies. For example, CryptoKitties is one of the most successful applications, and its founder is also known as the bigwig of Blockchain 3.0. He said that CryptoKitties not only aims to achieve “decentralization” but also to solve trust issues. The scenario of “deintermediation” allows users to trade and store assets in a more cost-effective way. These characteristics of “trustlessness” and “openness” make it an important foundational technology for the future digital economy—a infrastructure and application layer of programmable currency.
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