{"id":4346,"date":"2022-10-27T06:21:05","date_gmt":"2022-10-27T06:21:05","guid":{"rendered":"http:\/\/www.paralism.com\/blog\/?p=4346"},"modified":"2023-06-05T06:29:03","modified_gmt":"2023-06-05T06:29:03","slug":"shi-xingguo-talks-to-gu-yanxi-analysis-of-the-storm-caused-by-the-launch-of-aptos-and-the-underlying-logic-of-web3-application","status":"publish","type":"post","link":"https:\/\/www.paralism.com\/blog\/shi-xingguo-talks-to-gu-yanxi-analysis-of-the-storm-caused-by-the-launch-of-aptos-and-the-underlying-logic-of-web3-application\/","title":{"rendered":"Shi Xingguo Talks to Gu Yanxi: Analysis of The Storm Caused by The Launch of Aptos and The Underlying Logic of Web3 Application"},"content":{"rendered":"\n
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On the evening of October 24th, the\ntwelfth episode of the fifth season of ” Observing the Langya List ”\nwas broadcasted, and Mr. Shi Xingguo (member of the Blockchain Special\nCommittee of the China Computer Federation, founder of Hyperchain, winner of\nthe National Science and Technology Progress Award, and former chief engineer\nof the Internet Laboratory of the Software Institute of the Chinese Academy of\nSciences) was the host. He was joined by Gu Yanxi (a researcher and\npractitioner in the blockchain and encrypted digital asset industry). The two\nguests provided an in-depth analysis of the storm caused by the launch of Aptos\nand the underlying logic of Web3 applications, as well as the competition of\nHong Kong as an international virtual asset trading center.<\/p>\n\n\n\n\n\n\n\n

Regarding the recent hot topic of Hong\nKong’s competition to become the global development center for virtual finance,\nGu Yanxi said: “After the policy was clarified, with the support of the\nHong Kong government, I believe that Hong Kong will attract more talent and\ncapital. As long as the basic elements of innovation are complete, I believe\nthat Hong Kong will become a relatively leading global center area for the\ndevelopment of virtual assets finance. In the future, the Asian virtual\nfinancial market will probably form a center pattern with Singapore, Hong Kong,\nand Japan.”<\/p>\n\n\n\n

Regarding this topic, Shi Xingguo stated:\n“The Web3 market in mainland China can provide more real business support for\nvirtual asset applications in Hong Kong, and Hong Kong’s virtual asset-related\npolicies can provide more opportunities for the combination of virtual assets\nand real businesses in mainland China, reaching a legal and compliant level.\nMoreover, Hong Kong has financial flexibility that mainland China lacks, and\nHong Kong can use its own advantages while leveraging the development and\napplication advantages of mainland China. Overall, Hong Kong is actually not\ninferior to Tokyo or even Singapore in this regard, so we are particularly\nlooking forward to this policy having a real push effect and maintaining it.\nThe opportunity in Hong Kong is a not-to-be-missed opportunity for Web3\npractitioners, and everyone should pay extra attention to it.”<\/p>\n\n\n\n

Regarding another recent hot topic in the\ncrypto market, the launch storm of the new public chain “king-level”\nproject Aptos, Gu Yanxi’s evaluation hit the nail on the head: “I never\nbelieved that Aptos was a viable project from the beginning.”\n“Overall, Aptos is a combination of alliance nodes and not-so-innovative\ninnovations. Until today, we still don’t know what the outcome of the alliance\nchain product will be, and Aptos itself has problems in terms of functionality.\nAs for the Move language, those of us who do development know that there is no\nproduct that can differentiate itself because of its development language. To\nme, this is ridiculous.” “So, the positioning of Aptos itself is\nproblematic, and measuring the level of a public chain purely based on TPS\nafter its launch is fundamentally unreliable.” “Personally, I think\nthat the probability of success for any project that invests a large amount of\nmoney from the beginning is very negative.”<\/p>\n\n\n\n

In the previous episodes of ” Observing\nthe Langya List “, Mr. Shi Xingguo had pointed out some of the problems\nwith Aptos, but at that time, rational voices were easily overwhelmed by market\nfrenzy. Now that Aptos has encountered a launch storm, Mr. Shi Xingguo once\nagain pointed out the problems with Aptos in easy-to-understand words, while\nalso speaking fairly about this innovative project.<\/p>\n\n\n\n

Regarding the technical shortcomings of\nAptos, Shi Xingguo said: “The Move language essentially enhances the\nsecurity and performance at the application layer, because it does not address\nthe issues at the chain layer. So, it does not solve the security or\nperformance problems at the chain layer. We can imagine that the chain layer is\nmore like a road, and the application layer is like the cars on the road. If\nthe road itself is not wide enough, even if you increase the load capacity of\nthe cars, it still cannot increase the business capacity of the chain.”\n“The real bottleneck of blockchain is in the capacity and performance of\nthe block itself.”<\/p>\n\n\n\n

Regarding the advantages of Aptos, Shi\nXingguo said: “We must admit that Aptos is trying to solve the principles\nof asset origination and key custody at the application layer, which is really\na pain point in Web3 which is the core obstacle for many non-cryptocurrency\nindustry users to use Web3 service. So, if they can solve this problem well,\ncoupled with the performance of BFT consensus providing thousands of TPS, as\nwell as the endorsement of star teams and capital, Aptos may not necessarily\nform a very large ecosystem like Ethereum in the future, but it still has\nopportunities in the capital market.”<\/p>\n\n\n\n

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

  1. How can Hong Kong complement the development process of mainland\nChina in Web3?<\/li>
  2. How should we view the launch storm of Aptos?<\/li>
  3. Does the Move language in the new public chain project deserve\nso much investment from top institutions?<\/li>
  4. What is the essential difference between Web3 applications and\nWeb2 applications?<\/li>
  5. Is it wrong to turn existing Web2 products into Web3?<\/li>
  6. How to solve the dilemma faced by creator economy in Web3?<\/li>
  7. What problems are DAO currently facing?<\/li><\/ol>\n\n\n\n

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

    https:\/\/baijiahao.baidu.com\/s?id=1747897662174944247<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    On the evening of October 24th, the twelfth episode of … \u7ee7\u7eed\u9605\u8bfbShi Xingguo Talks to Gu Yanxi: Analysis of The Storm Caused by The Launch of Aptos and The Underlying Logic of Web3 Application<\/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-4346","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\/4346","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=4346"}],"version-history":[{"count":1,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/posts\/4346\/revisions"}],"predecessor-version":[{"id":4379,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/posts\/4346\/revisions\/4379"}],"wp:attachment":[{"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/media?parent=4346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/categories?post=4346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paralism.com\/blog\/wp-json\/wp\/v2\/tags?post=4346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}