Public chain is the most common form of blockchain, which means a blockchain that is open to everyone in the world and anyone can join and become its node, such as Bitcoin and Ethereum. It is characterized by decentralization, security, and open source. As a public blockchain platform, it has a variety of technical tools, such as smart contracts, algorithms, consensus mechanisms, etc., to help different projects develop their own applications.
Public chains have investment value. As the basic construction of blockchain technology, public chains have certain investment value, but they need to comprehensively consider a variety of factors, including but not limited to technical strength, ecosystem development, and application scenarios. and demand, community support, and competitive environment. The value of the public chain is mainly reflected in its decentralization, openness, smart contracts, asset digitization, ecosystem development and innovative applications, etc. It provides users and society with more secure, convenient and efficient blockchain services and applications. The following is a specific analysis:
1. Decentralization and trust: One of the values of the public chain is to achieve trust through decentralized technology, allowing participants to conduct transactions without trusting centralized institutions. and cooperation. This decentralized feature provides users with a more secure, transparent and reliable trading environment.
2. Openness and accessibility: The value of the public chain lies in its openness and accessibility. Anyone can deploy smart contracts, develop applications or issue digital assets on the public chain without Through an intermediary or review. This openness and accessibility provide wider space for innovation and development.
3. Smart contracts and programmability: Public chains usually support smart contract functions, allowing developers to write and execute automated contract programs on the blockchain. The programmability of smart contracts provides more flexible, efficient and secure solutions for various financial, commercial and social applications.
4. Asset digitization and trading: The public chain provides a convenient and secure platform for the issuance, trading and management of digital assets. Through the public chain, users can easily transfer, trade and store digital assets, thereby realizing the digitization and enhanced liquidity of assets.
5. Ecosystem development and community construction: The value of the public chain is also reflected in the development of its ecosystem and the construction of the community. A healthy and active ecosystem can attract more developers, projects and users to participate, promoting the long-term development and value growth of the public chain.
6. Innovation and application scenarios: The public chain provides infrastructure and technical support for innovation and application scenarios, promoting the development and popularization of the digital economy. The technical characteristics and functions of public chains continue to promote the emergence of various new applications and business models, bringing more opportunities and possibilities to society.
Common public chain coins include BTC, ETH, SOL, ADA, AVAX, etc. Public chains refer to those that can be read by anyone in the world, anyone can send transactions, and transactions can be effectively confirmed. , a blockchain with a consensus verification process that anyone can participate in. The consensus process determines which blocks can be added to the blockchain and clarifies the current status. The following is a detailed introduction to public chain coins:
1. BTC
The concept of Bitcoin (BitCoin) was originally proposed by Satoshi Nakamoto in 2008 and was designed and released based on Satoshi Nakamoto’s ideas. Open source software and the P2P network built on it. Bitcoin is a P2P form of digital currency. Peer-to-peer transmission means a decentralized payment system.
Unlike most currencies, Bitcoin does not rely on the issuance of a specific monetary institution. It is generated through a large number of calculations based on a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire p2p network to confirm and All transactions are recorded, and cryptographic design is used to ensure the security of all aspects of currency circulation.
2. ETH
Ethereum (English: Ethereum) is an open source public blockchain platform with smart contract functions. It provides a decentralized virtual machine (called the Ethereum Virtual Machine) through its dedicated cryptocurrency Ether (also known as "Ether") to process peer-to-peer contracts.
The concept of Ethereum was first proposed by programmer Vitalik Buterin between 2013 and 2014 after being inspired by Bitcoin. It means "the next generation of cryptocurrency and decentralized application platform". In 2014 Development began in 2008 through ICO crowdfunding.
3, SOL
Founded in late 2017 by former Qualcomm, Intel, and Dropbox engineers, Solana is a single-chain delegated proof-of-stake protocol that focuses on improving decentralization without compromising decentralization or security. Provide scalability on the premise. At the heart of Solana’s scaling solution is a decentralized clock called Proof of History (PoH), designed to solve the time problem in distributed networks without a single trusted time source. By using the verifiable delay function, PoH allows each node to generate timestamps locally using SHA256 calculations. This eliminates the need to broadcast timestamps throughout the network, improving overall network efficiency.
SOL is the native token of the Solana blockchain. Solana uses a delegated proof-of-stake consensus algorithm to incentivize token holders to validate transactions. As part of Solana's security design, all fees will be paid in SOL and burned, reducing the total supply. This deflationary SOL mechanism incentivizes more token holders to participate, thereby improving network security.
4. ADA
The cryptocurrency ADA is the currency of the Cardano protocol, which can be used to send and receive digital funds. This digital cash represents the future of money and enables fast direct transfers secured through cryptography.
A major innovation of Cardano is that it will balance the needs of users with the needs of regulators and combine privacy with regulation. Cardano’s vision is that its new type of standardized computing will bring greater financial inclusion through open access to equitable financial services for all.
5, AVAX
The Avalanche (AVAX) project, formerly known as Ava/AVA, is an open source platform for launching highly decentralized applications, new financial primitives and new Interoperable blockchains. Using a breakthrough consensus protocol architecture, a smart contract platform that can confirm transactions within one second supports the entire content of the Ethereum development toolkit, making millions of complete block producers possible.
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