Blockchain security consulting company Qu Su Miku said: Bitcoin founder Satoshi Nakamoto argued with a guy who said Bitcoin is a waste of electricity in the Bitcointalk forum: "The value of the payment network formed by Bitcoin is much greater than the electricity bills consumed by mining, and no Bitcoin is a net waste." (Translation: "The value of the payment network formed by Bitcoin is much greater than the electricity bills consumed by mining. No Bitcoin is a net waste.)
Analyzing this sentence, mining Bitcoin is a bit similar to mining gold. The marginal cost of mining gold is often close to the price of gold. Mining gold is a waste, but this waste is far below the value of using gold as a medium of exchange. The exchange value of Bitcoin will far exceed the cost of electricity, which shows that the basic value of Bitcoin is derived from the most actual electricity consumption.
1. The basic value of DeFi ecological tokens
In analyzing the basic value of a certain thing, our common thinking is to analyze the amount of labor consumed to produce it; and in most currency systems such as DeFi ecological tokens, the currency does not seem to have the actual consumption of Bitcoin. Where does the basic value come from?
There is only one basic value of DeFi currency, which is the use value of its currency.
1. Business model
Related tokens have overturned the existing organizational structure and business model of the financial industry in the DeFi business, realizing "de-banking crowd and self-integration".
2. Expand consensus
Improve the liquidity of mainstream digital currencies such as BTC and ETH and expand their value recognition, so that they will eventually become stable "currencies" and build a new business and financial system.
3. Improve asset utilization
Lending applications improve the circulation path of blockchain assets and increase asset utilization.
4. Market effect
Drive the vigorous development of various financial applications of decentralized options, futures, and funds, and bring new breakthroughs to the practical application of blockchain.
2. Decentralized exchange DEX
In this context, the greatest application so far in the blockchain world was born-the decentralized exchange DEX.
stock exchange
DEX is a blockchain-based exchange. It does not store user funds and personal data on the server, but serves as a blockchain infrastructure for matching digital asset transactions. It is a smart contract that matches asset exchanges.
Because of the particularity of smart contracts, people prefer to trust the smart contract itself rather than the owner of the server. The emergence of DEX broke the monopoly of traditional blockchain asset exchanges by leading exchanges. Any asset on DEX can be exchanged freely, without complicated review mechanisms, and completely eliminates the possibility of exchanges manipulating the market.
3. DeFi mapping reality
DeFi has done one thing and moved the exchange to the blockchain world. At this time, it is worthy of our imagination, what other businesses we have not implemented in the blockchain:
1. Blockchain maps real stocks
2. Completely decentralized insurance settlement
3. National sovereign currency
4. Multi-party distribution system without access
5. A completely TOR-based world Internet
In general, the trading experience of centralized exchanges cannot be achieved temporarily on DeFi. In addition, DeFi still needs users to provide liquidity. There is a liquidity ceiling problem. It still has a long way to go. Whether there will be a new technology platform in the future to solve DeFi's various problems in liquidity, limit orders, and transaction speed, let us wait and see.
In this article from the warp future (WarpFuture.com) finishing compiling security consulting firm, please indicate. Qusu Future provides related blockchain security consulting services including main chain security, exchange security, exchange wallet security, DAPP development security, and smart contract development security.