Shang ·2014/11/27 19:10
Editor's note: colleague Joel Monegro, a well-known investor Fred Wilson, recently attended the New York Bitcoin workshop Hackbit gathering, during which they discussed the impact of the Bitcoin mindset on the world of the next decade, which is contributing to the emergence of a new internet world structure. Not long ago, we also reported Fred Wilson's idea of "Color a Bitcoin", we can use the advantages of Bitcoin to transform the original industry. Now, Joel Monegro and others are trying to push Bitcoin's way of thinking to the fullest. Let's take a look at Fred Wilson's comments:
Bitcoin's blockchain is not only changing the way money works in the internet world, it is changing the way Internet applications are constructed. We've been working hard to understand how the world will change over the next 5-10 years, and our company's Joel Monegro has been guiding us in our minds.
We have never thought of closing our own insights, and we have been encouraging Joel to make his own insights public. Today, Joel has released a very important insight that deserves to be understood by every internet/mobile entrepreneur, investor, and analyst.
This is the cascading structure of the blockchain (blockchain stack):
The most important thing to understand about this cascading structure is the overlay of the various networks (most of which are emerging), the shared data layer, and the protocol layer. Please read Joel's detailed descriptions of them carefully.
In Joel's words, the most important thing about this emerging cascade structure is:
This presents a series of interesting challenges for developers, entrepreneurs and investors, as the value of the cascading structure of the internet is now commercialized by the blockchain hierarchy.
In this new structure, it is more difficult to obtain fine differentiation, defensive and network effects. Most things will work like e-mail, bring your password from one app to another app, and all your data and relationships are in it.
now we can read Joel Monegro's interpretation of this picture:
cascading structure of blockchain (blockchain stack)
The basic idea of this picture is that the content of each rectangular bar is to be centralized and open source. I call it a "shared data layer and protocol layer". No one can control any part of the system, and these parts are open to all individuals and businesses. In Bitcoin, for example, a blockchain is a shared data layer, and the Bitcoin protocol is a centralized protocol that is part of the shared protocol layer.
In this diagram, the more each layer is thinner, and the shared data layer and protocol layer occupy 80% of the total stack structure. Today's Internet applications are based on an open, de-centralized technology like TCP/IP and HTTP, but if you portray the current Internet application in this image, it only accounts for 15% of the technology, because those applications are mostly not open, but centralized.
1. Miners and blockchain
Each miner is a node in a network of computers that make up a whole to verify all bitcoin transactions. In each transaction, the algorithm rewards them with Bitcoins because bitcoins are valuable in the real world, and the operators of these machines have incentives to keep the machines running.
A blockchain is a public ledger that holds records of all transactions, the blockchain is maintained by miners, it is not controlled exclusively by one entity, and is open to all.
2. Overlay overlap of various networks
Developers are starting to create networks that are parallel to the Bitcoin blockchain to accomplish tasks that the Bitcoin network cannot accomplish, but can use blockchain, for example, to add timestamps to their work or to confirm work.
such as counterparty (it is a free and open financial instrument platform in the Bitcoin network), such as "side chain". Regardless of the form they use to overlay overlap, one thing they all have in common is that they are linked to the Bitcoin blockchain, and that the network effect they derive from is liquidity, without the aid of their crypto currency, or without the blockchain as required by Ethereum.
3. The de-centralized agreement
Thanks to the blockchain, we can develop a set of open-source, de-centralized protocols, as well as built-in data, authentication, and trading systems, without an entity that can be individually controlled. This is where the traditional software industry is beginning to disintegrate. The best example is Bitcoin, which we have been aware of for its impact on money and finance.
Ebay, Facebook, and Uber are valuable because they benefit enormously from the network effect, which comes from their ability to centralize user data in their own hands and benefit from trading. A de-centralized protocol built on a blockchain may cancel every single part, for example, they can create a shared, centralized set of data that anyone can use and support Bitcoin-based peer-to-peer trading.
In fact, there are already some very promising teams that are doing this, and they are creating new deals that could make those companies more likely to be overturned. An example of this is Lazooz, a real-time carpool protocol, and the Openbazaar protocol, which supports free-to-central peer to market.
4. Open source and commercial APIs
It is difficult for general developers to establish agreements, but they have the opportunity to make them easier to handle. It's debatable whether the industry will develop well in the long term, but I think the industry is an important part of the overall hierarchy. In these de-centralized protocols, it is critical that any developer can quickly create new applications or experiments.
This can be a commercial service, or an open source project. A good example of this trend is the chain.com API, and the Coinbase Open Source node tool Toshi. The two goals are the same, but Chain is a business service, and Toshi is open source.
5. Application
This is the part of the diagram inside the user. Most of the time, the applications built on this basis are the same as the way we are now, just as Coinbase and PayPal work the same way. But for users, one big difference is that these applications are built on a centralized protocol, and each application can be interfaced to other applications, just as different email applications and bitcoin wallets can interoperate.
One of the things I like about this hierarchy is that it grows from the bottom up, initially, we have miners, blockchain, and Bitcoin, and now we've created something else on that basis. I believe that the most important change in technology is built in this way.
This presents a series of interesting challenges for developers, entrepreneurs and investors, as the value of the cascading structure of the internet is now commercialized by the blockchain hierarchy. The best part of this structure, however, is that users will benefit more from website conversion rates, transfer costs, individual ownership of data and market dominance, or no longer exist. I'll write an article about it.
Original article, Author: Shang, if reproduced, please specify the source: http://36kr.com/p/217292.html
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