PCHAIN AMA Summary From PCTA Reddit AMA #4
It is honored to join PCTA ( the Public Chain Technology Alliance ) Reddit AMA. Thank you for your participation and support. The following is PCHAIN summary of this AMA.
1. What is your strategy or plan for 2019 in technology and in community? Since the market started getting freeze, are you guys thinking change the direction of your project?
For technology part of PCHAIN: we will be continuing following our existing development plan which defined in our whitepaper, continue to develop smart data, cross chain and capability of PCHAIN.
For Business part: in one hand, as we said before we will have more collaboration with our cross-chain partners. On the other hand, we will active to explore business opportunities such as to create some child-chains for some specific business applications. We have already explored 3 directions, and hopefully all the 3 directions will be moving forward and getting closed the deal in 2019. We are very happy to see this kind of business progress in PCHAIN.
Regarding the freezing market, in fact, we believe it is very good opportunity for good project to attract the further attention from the market. Due to the frozen market, the relative weak project might be stopped or they may run out of funding. They can hardly move forward and people will probably not find scam project in the market.
As the same time, as the great project with clear goal, PCHAIN will focus more the technology development and concentrate on the target communities for delivering clearer and result-oriented message and no need to dealing with scam projects’ ads. Meanwhile, we do believe we will win loyaler and more qualified community members during this bear market.
2.Are there any impressive things for you in the blockchain industry this year?
Yes, definitely. In fact, we have been in this crypto world for over 4 years and getting through these bear market and bull market several times. We have achieved a lot №1s in China and even globally. And we believe we will continually create more advanced technologies in the future.
This year we have got some special very good technical innovation and breakthrough, and we have created very strong tech foundation. We hope we can receive good business results very soon in 2019.
3.Shall you give several description words for the public chains development in 2018?
The first word I would like to emphasize ‘outbreak’ as a lot of public chains have been launched this year. But I think it is also a good collaboration as you can see our PCTA, the public chain technology alliance, which will definitely attract more and more public chains to join and hopefully we will get better collaboration within the alliance.
For PCHAIN we have achieved 3 technical breakthrough, the first is PDBFT algorithm, which can greatly reduce the communication cost from N2 to N. The second is we innovate the dynamic bidding process. The third and the most important one is that we are the first multi-chain in the world which supports EVM, and we achieved very promising result- in terms of theoretical 180K TPS with 256 Child-chains. As far as we know it is the most large-scale child-chain in native multiple chain system in the world so far.
4.In your opinion, what is the real value of blockchain?
In my opinion, the real value is that it is proved, we can use the decentralized way to transfer the assets/value via Internet. Generally speaking, traditionally Internet and IT technology is the fastest way to spreading all the information all around the world, however, we can hardly use Internet or such IT technology to transfer the value or asset in the decentralized way.
Blockchain technology helps this transferring to become true and make this kind of things happen.
So you can say that Internet replaced the traditional paper as information can be transferred by normal traditional paper. And nowadays the blockchain technology replace the paper with great value, with the capability to be original and hardly to make a fake one. That’s replacement of blockchain why it is so important, why it makes the value and asset more non-fungible, more transferable around the world.
We believe it will greatly improve the efficiency and productivity all of the whole world and make the whole world become into a global village.
5.Is the prosperity of the first half of this year a false prosperity? What is more needed in blockchain industry?
In fact it is very important in the past one year as this bull market has attracted a lot of persons to pay attention on blockchain and blockchain technology. It attracts more and more good developers and good engineer to come into this industry, which we can hardly do without the bull market.
Our team began to promote blockchain and spread this technology globally 3 years ago, but at that time, few people even heard of it. With the bull market in the first half of 2018, more and more people realized the importance of this technology, this direction and this industry. Without it we can hardly attract so much. Due to the bull run people understand that blockchain is very promising and blockchain may have the ability to change the world. So we need to thank this bull market.
For blockchain industry, I think there will be two aspects, the first one is definitely we need at least one killer application. We need a killer application to attract more people to understand better and precisely how blockchain works. This is aspect from application lever.
Another one is fundamental technology level, we need more scalable blockchain systems to support the birth of attractive applications and ensure the running of application as well. It is quite similar to the previous Internet development.
Because at very beginning people understand that Internet would change the world, just the fundamental technology of Internet was not that ready. So even though people can image a lot potential application in Internet, people can hardly realize their ideas or applications at that time as the fundamental technology was not ready.
On the other hand, current applications in Internet are somewhat different from the traditional or original ideas which were defined 10 years or 15 years ago because of new technology and fundamental technology breakthrough. At the same time the new technology makes the current Internet applications to work very successful. Everyone has smartphone now and there are a lot advanced and improved applications on Internet.
The logic between applications and fundermental tech in Internet is same with blockchain.
Thank you for reading!
AMA Recap from Mars Finance.
Welcome to learn PCHAIN at:
Telegram 1, Telegram 2, Telegram(Chinese Community)
Telegram(Russian Community), Telegram(Spanish Community)
Telegram(Germany Community), Telegram (French Community)
Telegram Announcement Channel
Twitter, Steemit, Reddit， Founder/CEO’s Twitter
