Dragonfly investor GM: Blockchain expansion and functional differentiation are the key to the future

GM, an investor in Dragonfly venture capital, recently shared his unique insights on the future development of blockchain in a blockchain event in Denver, USA. He believes that although blockchain expansion has always been the focus of the industry, real innovation will come from the differentiation of functions, which is the future trend worth paying attention to.

GM pointed out that although some expansion plans have been released, the problem of blockchain expansion has not been completely solved and continue to pay attention to it. With the increasing demand for blockchain space, he particularly emphasized the key role of the future development of EVM (Ethereum Virtual Machine) in improving blockchain performance, which is crucial to supporting more applications and expanding the scope of use.

Functional Differentiation: The Future of Blockchain Competitiveness

GM believes that the future development of blockchain will not be limited to improving capacity expansion performance, and functional differentiation will become a more important competitiveness. He emphasized the key role of blockchain native interoperability, which will enable seamless collaboration between different blockchains, thereby expanding more application scenarios. In addition, more complex operations such as machine learning (ML) precompilation will give blockchain the ability to handle higher-order computing tasks. The exploration of functional dedicated chains will also become one of the future development directions in the blockchain field.

The rise of regional blockchain front-end applications

In addition to the underlying technological progress, GM also pays attention to changes at the application level of blockchain. He pointed out that as blockchain applications gradually enter markets around the world, regionally dominant front-end tools are emerging. For example, Memecoin trading platforms in Asia Pacific and North America show significant differences. This made him realize that the localization development of the blockchain front-end has been underestimated and will become an important force in promoting the development of blockchain in the future.

Comparison between Bitcoin mining mechanism and PoS

When talking about Bitcoin design, GM once again emphasized the competitive dynamics in its mining mechanism, which is an important guarantee for Bitcoin decentralization. He believes that modern PoS (Proof of Stake) systems do not fully inherit this competitive dynamic, which may be a shortcoming of PoS systems. Bitcoin’s unique advantages in anti-tampering and maintaining blockchain security are hard to match by other blockchain systems.

The potential of emerging blockchain applications

GM also mentioned emerging blockchain applications, pointing out that many applications based on social behavior and mental share are emerging, which not only meet the market's demand for socialization, but may also change the form of blockchain applications. He took the Kaito project as an example to illustrate that these emerging applications are opening up new application scenarios and have huge development potential.

Finally, GM has made an outlook on the future development of venture capital and crowdfunding models. He believes that with the changes in the market environment, the crowdfunding model may once again become an important way to finance blockchain projects and bring new changes.

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