Introduction: The development of blockchain should focus on solving practical problems in the real world and distinguish between underlying technologies and application modes. The underlying technology ensures that real-world assets or values are efficiently and accurately informatized and pushed to online operations, and to ensure their legality and authenticity at the source, and
applications should meet regulatory requirements, through public chains, private chains, and alliance chains and other different forms, jump out of the "mining and coinage" paradigm, and truly solve practical problems.
Recently, BCH has soared, with a weekly growth of 56%, and today it has skyrocketed by 25%. According to incomplete statistics on the Internet, the reason why BCH has achieved a breakthrough since the fork is due to the following points
: 1. Wallet providers such as Edge, Bread, Copay, Ledger and Trezor, etc.);
2. Low transaction costs (BCH transaction fees have always remained relatively low
3. There are more and more functional applications of BCH (after the network upgrade, users are allowed to have more on-chain activities); only the
payment function is an example, Microsoft has accepted Bitcoin Cash (BCH) as a payment method, currently More than 100,000 merchants supporting Bitcoin Cash (BCH)
what next!?
Written at the end: Blockchain development needs to jump out of the “Bitcoin Blockchain” paradigm.
After the hard fork of Bitcoin Cash (BCH) at block height 1526400000 (expected to be on May 15), the block size will increase to 32m.
If the main solution in the Bitcoin blockchain system is Bitcoin's "digging pit" And the verification and distributed record storage of transfers in the system, only Bitcoin runs without any other assets or value, then the Bitcoin blockchain will become an "online game" that consumes huge amounts of energy but is difficult to solve practical problems. More projects like BCH with practical application scenarios appear to jointly explore the next generation of computer Internet, the integration of information and physical Internet.