Blockchain technology has brought the dawn of great changes to the era of digital economy. It will be used as a trust infrastructure in a non-trust environment to reshape the relationship and organizational structure of society and create a new decentralized economic model. Around the blockchain system, people can collaborate on a large scale without geographical restrictions and solve many chronic diseases in the economic field without mutual trust.
Along with the process of comprehensive digital transformation, the scale of the application of building digital trust through blockchain is bound to be the general trend. According to the IDC forecast report, blockchain and digital trust will enter large-scale applications: By 2021, at least 25% of the global top 2000 companies will use blockchain services on a large scale as the basis of digital trust; by 2020, Nearly 30% of manufacturers and retailers and 20% of healthcare organizations will use blockchain networks in production. By 2021, at least 20% of enterprises will use blockchain services on a large scale as the basis of digital trust.
Blockchain technology will be the core underlying technology to crack the entire future digital economy credit mechanism, and it will surely become the core driving force of the third business model reform after the traditional Internet and mobile Internet. At present, the blockchain digital revolution has been unfolding around the world at an alarming speed, affecting and changing wherever it goes.
In recent years, various blockchains and their applications have gradually shown their potential. People expect the blockchain business ecology to make life better. However, the current blockchain systems on the market are due to the deep coupling between systems and components. Influenced by factors such as inability to customize and imperfect data interfaces, there is still no complete system to carry large-scale commercial applications, lack of system-level overall design, and cannot support diverse business scenarios. There are still many bottlenecks that need to be broken:
Throughput limit
The consensus verification methods involved in most public chain architectures limit their operating efficiency and cannot achieve high throughput. The most typical is the POW consensus. Every transaction needs to be verified by the whole network, which is inefficient and far from meeting the demand for transaction volume in the real business economy. The bottleneck of severely insufficient transaction processing capacity has become a major obstacle to the commercialization of blockchain technology.
Storage and transmission bottlenecks
The currently visible public chain architecture has not broken through the technical design of the full ledger. The system requires that every node in the entire network needs to save all transaction records of the entire network. As the running time of the blockchain system increases, the ledger becomes larger and larger. The data required to provide services in the network and enter the network for the first time also increases linearly and infinitely with time. This makes the system's storage requirements for miners higher and higher, and the entire network will inevitably move towards the centralization of professional mining machines, which limits While the performance of the blockchain system expands, it also deprives ordinary users of the right to participate in the network, and weakens the decentralized value of the blockchain system.
DAPP developers face high barriers to entry
Developers are still unable to quickly and flexibly build popular DAPP applications based on most of the existing public chain platforms, and the development of the underlying public chain itself also has a fairly high technical threshold that requires the support of multidisciplinary academic depth and resources. At present, for blockchain applications, developers must first master a lot of software and hardware development capabilities and encryption algorithms to build the underlying architecture of the blockchain. The entire business transformation cycle is long, requires a lot of extra expenses and energy, and the barriers to entry are high.
Value island
At present, mainstream blockchain systems such as Bitcoin, Ethereum, EOS, etc. are incompatible with each other. Various blockchain systems are independent blockchain islands, each with different data, transactions, codes, and links. Can not communicate and share data. The incompatibility between blockchains hinders the exchange of value between multiple chains. The lack of liquidity not only restricts traffic channels, increases customer acquisition costs, but also makes in-app services and digital assets in a closed business The environment and various applications form value islands with each other, which severely limits the value expression and value-added space of assets.
The existing blockchain economy is still only revolving in exchanges, and there are very few offline business scenarios, and it is impossible to generate technical demand through a large number of people and a large number of applications, and promote the iterative upgrade of technology. We clearly recognize that in the future, with the emergence of a large number of public chains and the diversification of applications on the chain, the demand for smart mining and cross-chain communication and collaboration will become stronger, and smart mining must be realized between different blockchain systems. Mine combines cross-chain communication and value delivery. The blockchain industry needs a new compatible, open, and universal underlying technology platform to link various blockchain technologies so that trust-based values can circulate freely in different blockchain systems to support large-scale business ecology The development of Ethereal Eternity (ETHE) came into being under such circumstances.
As an ecosystem composed of a series of decentralized applications, the core of ETHE is the side chain of virtual asset management based on blockchain. It will create a public chain alliance to provide basic services for each parallel public chain, as long as it follows the public chain mechanism It can expand the scale, ecology and performance indefinitely; on the perfect infrastructure, the right of ecological development is given to the market to give the ecological currency ETHE a stable use scene.
As the underlying building of the blockchain business network and the value foundation for the implementation of blockchain applications in all walks of life, in terms of technology, ETHE will continue to cultivate in depth, provide robust and easy-to-use infrastructure services, and minimize developers, users, The threshold for enterprises and the entire blockchain ecosystem to use blockchain technology; in terms of ecology, the ETHE ecological chain already has a deep user base in the early stage of construction. Secondly, a large number of ETHE will be used for the operation and expansion of the Eternal Eternal Ecology And ecological construction,
Paying tribute to Ethereum, creating the world's first decentralized diversified business application platform, ETHE is coming!