#The blockchain market is a growing market that is still in its infancy.
With the leader #Bitcoin at the center, he experiences a rise in the trend once every four years.
And there are the main themes of the fireplace.
The force gathers around it and explodes.
I became interested in blockchain in 2019, so I am not familiar with the situation before.
However, this fire was experienced in person and watched how it went and turned off.
The driving force behind the birth period is that Bitcoin works well.
And it started with the exchange and some payments working realistically.
And I think the fire in 2017 was driven by the establishment of new chains such as #Etherium and the normal operation of #Dapps on them.
The fire of 2019 is that new works to improve the existing #DiFi and new attempts such as #p2e games, #p2m, etc
We started to present various possibilities to continue the blockchain and reality
Above all, investors from various institutions other than Tesla and Microstretch have begun to show interest.
The biggest driving force was that blockchain was likely to be included in the asset group handled by the existing financial network.
Maybe if a new blackout begins between 2023 and 2024, just before the next bitcoin half-life,
The driving force behind this is the inclusion of existing financial institutions' asset groups
Web2 companies' declaration of Web3 services will gain momentum and start moving.
In the next four years, it will be upgraded to the next level through the use of blockchain at the national level (established assets or infrastructure).
I carefully predict that the maximum pumping of the blockchain will be the opportunity for the upcoming upturn and the next two upturns.
The main theme of the 2020 Armada was the Layer 1 War / NFT.
New platforms that complemented Ethereum's problems appeared and competed
On top of that, various services that make contact with reality created profitability based on NFT.
Among the Layer 1 coins, the two chains, #Luna and #Solar, performed the most.
There were #Avalanche, #Polygon, and outstanding talent, but the hottest interest seems to have been the above two chains.
Among them, Luna created a great deal of trouble, creating a bigger issue for the worse
As a result, it was the beginning of this winter season.
Macroeconomically, it was the time to go into winter
The signal was provided when the Luna chain collapsed.
Perhaps thanks to (?), it became the most famous blockchain in the world after Bitcoin and Ethereum.
Blockchain is a network.
It's like a real world road network? A railroad network? There are many similarities to the same concept.
Terra Form Labs, which used to run Luna, failed in the launched system and has lost its right to operate the Luna chain.
Terraform Labs is currently running a new hard forked Luna chain
The existing Luna Chain is in the state of being named Luna Classic.
It is not to say that it was abandoned, but the existing chain that lost trust had been left unattended.
I am the one who was making good use of the services before the Luna ecosystem went bust.
I was playing the P2E game on the Luna chain
A considerable amount of money was deposited and loaned in the anchor protocol, and DiFi was also being rolled.
I use Astroport often. He is one of the victims of the collapse of the Luna chain, which has been hit hard economically.
Therefore, he is not a person who supports the Luna chain or talks without knowing it.
The existing Luna chain worked very well except for the part where the USDT and algorithms collapsed.
Personally, I have a lot of experience with Defies and other services in the Ethereum, Polygon, BSC, and Clayton chain.
In terms of comfort (error, delay, etc.) while using it, the Luna chain was good throughout all the chains mentioned above.
The interconnectivity between the terrace station and other DAPPs and the UI were also excellent.
If you experience the Internet pages of Korean companies and the homepages of foreign companies, you can see that the interfaces of Korean companies are excellent.
With that feeling, I think I did a good job in developing Terra-related interfaces.
Like I said earlier, I was a huge victim of the Terra crisis, and I chewed it up when I cursed and chewed it up
He has no intention of defending or praising them.
Nevertheless, objectively, Terra's ecosystem was excellent and working well.
In a situation where the chain was destroyed and abandoned due to the failure of the algorithm stable coin, the existing Luna Classic chain was
They built a very well-equipped road, train, train station, etc
The operator went bankrupt and had no users and became empty.
When a company goes bankrupt, creditors gather to have a debt feast.
They're trying to sort out the remaining assets, or someone takes over, and they're trying to get even a fraction of what they've invested in.
Node operators and holders of the existing Luna Classic gathered and began discussions.
About what to do with this blockchain in the future.
It may be called a miracle, but developers have joined and began to consult without heading toward the collapse of creditors.
They gathered their will to revive the Luna Classic and began to get along.
There are people here and there who give good will and help for their own benefit.
The blockchain of such a pretty good system
It became Muju Gongsan due to the founder's mistake
A number of people have begun to build a system on top that can be developed by democratic consensus.
All of the top Layer 1 coins, including Ethereum, BSC, and Solana, have practical dominance centered on the founder.
They say they have achieved decentralization with coin dispersion
There was no coin ecosystem other than Bitcoin that properly achieved decentralization, the root of the basic root of the blockchain mind.
But Bitcoin is a chain with a different personality that doesn't work with smart controls
It may be used as an asset and used as a payment through a lightening network, but it is difficult to operate as a platform.
In other words, there is no Layer 1 coin that has properly decentralized.
#Kwon Hyung, aside from the judgment of doing well and doing wrong, the fact that there is an overwhelming center of authority
This means that mistakes that will control the chain may occur someday.
Whether it is external pressure or internal factors, you must solve the task of decentralization in order to move on to the real Web 3.
In that sense, as Luna Classic went through a ridiculous process, the possibility began to appear as a decentralized layer 1.
There were many predictions that Luna Coin, which had already lost its trust and would not be able to recover
The existing trust was the trust in the operation of Terraform Labs centered on Kwon Do-hyung.
It's trust in the individual or the institution
Trust by a system that is the basic spirit of the blockchain
It was in violation of the spirit of trust, which does not require credit.
Maybe the Luna Classic started to run, went through failure and lost control
So, thanks to that, it could have become a layer 1 chain that is closest to the possibility of really achieving decentralization.
There are still a lot of mountains to overcome,
Kwon Dohyung is not a hard fork Luna 2 chain
This is one of the reasons to pay attention to the abandoned Luna Classic chain in the future.
Two half-lives to come. In about five to six years, pumping will lay the foundation for the blockchain ecosystem.
History will probably start with the next few years as the Bratton Woods system has continued for decades.
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