{"id":4344,"date":"2022-10-12T06:18:55","date_gmt":"2022-10-12T06:18:55","guid":{"rendered":"http:\/\/www.paralism.com\/blog\/?p=4344"},"modified":"2023-06-05T06:29:39","modified_gmt":"2023-06-05T06:29:39","slug":"shi-xingguo-talks-to-yang-mindao-the-new-public-chain-competition-can-move-language-trigger-the-next-bull-market","status":"publish","type":"post","link":"https:\/\/www.paralism.com\/blog\/shi-xingguo-talks-to-yang-mindao-the-new-public-chain-competition-can-move-language-trigger-the-next-bull-market\/","title":{"rendered":"Shi Xingguo Talks to Yang Mindao: The New Public Chain Competition: Can Move Language Trigger the Next Bull Market?"},"content":{"rendered":"\n
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On the evening of October 10th, the 10th\nepisode of the fifth season ” Observing the Langya List ” was\nbroadcasted. and Mr. Shi Xingguo (member of the Blockchain Special Committee of\nthe China Computer Federation, founder of Hyperchain, winner of the National\nScience and Technology Progress Award, and former chief engineer of the\nInternet Laboratory of the Software Institute of the Chinese Academy of\nSciences) was the host. He talked with Yang Mindao (the founder of dForce). The\ntwo experts discussed the topic of “The New Public Chain Competition: Can\nMove Language Trigger the Next Bull Market?” from different perspectives,\nwith Mr. Shi being a blockchain technology expert and Mr. Yang being\na experienced entrepreneur and investor in the field of cryptocurrency.<\/p>\n\n\n\n\n\n\n\n

They effortlessly recalled the history of\nthe development of the crypto industry and discuss various projects like\nBitcoin, Ethereum, and the new public chain based on MOVE language. They\nwere able to express their opinions clearly and concisely using the best\nexamples and arguments. Mr. Shi Xingguo believes that the new public chain\nbased on MOVE language currently does not have the potential to\nbecome a “killer” of other public chains. If it wants to compete with\nother public chains, it needs to solve some real problems that the current\npublic chains are facing, such as scalability, security, and credibility.\nHowever, the four projects currently using move language have not made any\nimprovements to the chain layer. They are still using the consensus model\nof the previous generation. In other words, their improvements are made outside\nof the chain layer. For example, Aptos has proposed many parallel concepts at\nthe move contract layer, including the parallel processing of transactions and\nthen putting them into blocks. But at the chain level, it is still a serial\narchitecture.<\/p>\n\n\n\n

Mr. Shi Xingguo stated that “it is\nimportant to note that the bottleneck of all current problems is already stuck\nin the serial architecture. This is why I said that Ethereum has begun to move\ntowards parallel architecture, which means a new era of transformation has\nbegun. It will be difficult for a chain to achieve good scalability at this\nlevel if it uses move language but still adopts a serial architecture.”<\/p>\n\n\n\n

Regarding the other hot topic\nof Layer 3, Mr. Yang Mindao believes that the biggest problem with Layer 3\nscalability is that it somewhat destroys composability. Currently, there is no\ncomposability between assets on Layer 1 and Layer 2. Even if\nthe scalability problem is solved, if liquidity is fragmented,\nsolving the scalability problem actually brings another problem. Of course,\ndifferent solutions have been proposed, such as solving communication between\nchains through cross-chain information layers. Currently, the feasibility of\nthe composability between Layer 1 and Layer 2 lies in the\nfact that they are both under the same chain, so the risks in terms of security\nand credibility are smaller than those of side chains. However, Layer 3 may\nbroaden security expectations to some extent, which will sacrifice more security\nexpectations to meet performance requirements.<\/p>\n\n\n\n

Highlights of today\u2019s talk<\/p>\n\n\n\n

  1. What is the current situation and future trends of the DeFi?<\/li>
  2. What determines the value of DeFi tokens and what is\nthe best token design?<\/li>
  3. What will be the impact of the Ethereum merger on\nthe DeFi ecosystem?<\/li>
  4. Whether embracing regulations will be the fate of public chains?<\/li>
  5. How can we comment on Starbucks’ attempts in the Web3 world?<\/li>
  6. Whether Move language can trigger the next L1 lift cycle?<\/li>
  7. What meaningful L3 looks like?<\/li><\/ol>\n\n\n\n

    For more details:<\/p>\n\n\n\n

    https:\/\/huoxun.com\/news\/42990.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    On the evening of October 10th, the 10th episode of the … \u7ee7\u7eed\u9605\u8bfbShi Xingguo Talks to Yang Mindao: The New Public Chain Competition: Can Move Language Trigger the Next Bull Market?<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[208,257],"tags":[],"class_list":["post-4344","post","type-post","status-publish","format-standard","hentry","category-meetings","category-news-and-events"],"_links":{"self":[{"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/posts\/4344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/comments?post=4344"}],"version-history":[{"count":1,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/posts\/4344\/revisions"}],"predecessor-version":[{"id":4375,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/posts\/4344\/revisions\/4375"}],"wp:attachment":[{"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/media?parent=4344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/categories?post=4344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/tags?post=4344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}