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This article mainly introduces the relevant knowledge of "what are the advantages of Ethernet Square". The editor shows you the operation process through actual cases, and the operation method is simple, fast and practical. I hope this article "what are the advantages of Etay Square" can help you solve the problem.

1. Yi Tai Fong has an order of magnitude more developers than any other platform-and the gap is widening

Since we launched last November, our ethernet code school, CryptoZombies.io, has more than 207623 users-a number that has been growing, more than 30 million users a month, and shows no sign of slowing down.

Truffle, Etheruem's development framework, has been downloaded nearly 550000 times and has added more than 45,000 users a month since January.

In short, the number of developers built on Ethernet Square is not only growing-but also accelerating.

The number of developers using the ethersquare truffle kit every month is not only growing-but also accelerating.

This means that if another blockchain platform is to beat Ethernet Square in terms of developer adoption, it will not be enough to catch up with the current location of Ethernet Square-it must exceed the growth rate of Ethernet Square.

Why is developer adoption important?

At the end of the day, it doesn't matter how many transactions the blockchain can handle per second if no one is actually using it.

To make applications worthwhile, you need to attract enough developers to build them.

If you don't have developers to build applications on the blockchain, you can effectively build a ghost town.

I'm not sure what caused Steve Ballmer to take the stage crazily at the conference and create this classic moment in meme history, but I include him here to emphasize my point that developer adoption is everything.

The blockchain platform on which most developers build real applications will become the most widely adopted platform. Ethernet Square not only has a huge opportunity in this field, but also the gap is widening every day.

Why does Etay Fong attract most developers?

two。 Ethernet Fong has better DApp development tools and infrastructure than any other platform

Truffle,Infura,Web3.js,OpenZeppelin,Geth,Ganache,MetaMask,CryptoZombies,MyCrypto,Etherscan,ERC20 and ERC721.

These are tools (and many other tools) that different development teams put in hundreds of thousands of hours tirelessly-and they are free to use by any Ether Square developer who wants to build DApp on Ethernet Square.

This developer ecosystem will only grow over time. Our team and at least a dozen people are building more tools and infrastructure around Ethernet Square DApp development, which will make the life of ethernet Fong developers easier in the future.

This is the law of Metcalfe that applies to developer infrastructure. The more developers build something useful, the easier (and more interesting) it will be for new developers to build, and the greater the impact.

If you are a developer and want to build a blockchain platform instead of ethernet, you need to build equivalent versions of all these tools on your own platform to compete with developers' ease of use of Ethernet.

Or you could, you know. Just build on Ethernet Square and take advantage of all these things that are ready to use out of the box. But let's go a little deeper.

Let's talk about why developers want to take the time to build these tools.

And this is the place where we explore deeply to see where the etheric place really shines.

3. Ethernet Square will not sink power at the expense of the principle of decentralization.

In terms of blockchain, there is a basic rule called the three difficulties of scalability. It is a bit like the law of physics, which means that a blockchain can only have two of these three attributes: decentralization, extensibility, and security.

This means that at the same level of security, if you want to improve the scalability of the blockchain, you must sacrifice its decentralization.

Why is this so?

Because of the nature of the blockchain, each validator needs to run every calculation that occurs on the network to ensure its accuracy.

Therefore, if you want to fully decentralize the network by having thousands of users run validators, the maximum number of transactions per second needs to be limited by the average user's PC and network speed.

On the other hand, if you want to have the fastest and most scalable blockchain EVER, you should do the following:

All verifiers are required to be supercomputers.

Have as few verifiers as possible on the network to reduce the number of connections per node.

Place all validators in the same geographic area (country, data center) to reduce latency between nodes.

Can you understand why this is a bad idea for blockchain?

However, the projects I see with a large number of transactions per second are quietly sinking in power-most of which are opaque to users / investors.

Why is the sinking of power important?

A wonderful blog post from Chris Dixon and Spencer Bogart is titled "Why the underclass is important"-both are highly recommended reading materials.

In his article, Chris Dixon makes a simple argument: developers are encouraged to build a platform that they know won't change their rules in the future, depriving them of users and profits.

If you build applications on Facebook or Apple's App Store, you have to believe that these platforms will not ban you in the future, prevent some users from using your application or view your updates, or start charging you higher fees to maintain access to the same users.

On the other hand, Tai Tai Fong is what we call no right.

Anyone can use Tai Fong for any purpose without anyone's permission.

No one can stop you from uploading a piece of code to the ethernet block chain, and no one can stop your users from executing it.

Let it precipitate for a minute, because it is very powerful.

For the first time in history, we have a platform that no one can shut down, no one can censor-- not the government, not a supercompany with a lot of money, not the Rothschild family, etc., not even any conspiracy theory you think about.

If you build DApp on Ethernet Square, no one can prevent your users from accessing it anonymously.

If you buy some token or digital goods stored on the Internet, you will be guaranteed to stay there forever, and no one can take them away from you.

It is the powerlessness and censorship nature of these decentralized blockchains that enable us to have real ownership of digital goods for the first time in the history of the Internet.

There is no such guarantee for more centralized platforms.

Almost all platforms known as the "Ethernet Square Killer" simply decide to trade-off decentralization to support higher scalability and promote it as if it were a feature.

This tradeoff is easy because it seems to be the demand of the market.

Unknown users complain about high fees and slow trading times-so we can't blame the developer for trying to give the market what it wants.

In Spencer Bogart's Why Power sinking is important, he says, "it's not surprising that new users and developers prefer these new networks: improved throughput and functionality are things that users and developers can immediately appreciate, while the benefits of decentralization as a feature seem to be amorphous."

In the short term, users may be tempted by the performance provided by a more scalable blockchain without realizing the importance of decentralization until a wake-up call crashes everything.

He continued:

However, the reality is that if there is no power to sink, these encrypted networks will lose the most important qualities of "unauthorized" and "censorship resistance"-that is, anyone can use the network. Anyone can build on them.

After all, the whole point of a decentralized blockchain is to provide a firm commitment-an immutable ledger with open, non-discriminatory participation. In a sense, we bear the inefficiency of the lower level of power, because it is the only way to achieve a network with these qualities.

Other blockchains up to 1000 TPS or higher do this by validating all transactions with a small, fixed number of nodes-21 under EOS and 101 under Lisk.

But a network run by 21 nodes requires you to trust the 21 publicly identifiable nodes in order not to change the protocol or to restrict some people from using it for certain purposes in the future.

It is much more difficult for malicious entities to influence thousands of anonymous ethernet nodes to review certain transactions than to have an impact on 15 of the 21 known block producers. Or let the 15 block producers form a monopoly and change the rules in their favor, as happened on a centralized platform. Or the government or companies put pressure on these entities to review certain transactions or users.

As Spencer said: these semi-decentralized platforms are subject to the same social and economic pressures that prompt centralized platforms to review certain users and activities and therefore tend to the same results that they should correct.

If developers cannot fully trust that the underlying layer will remain unprivileged and reviewed all the time, they have little incentive to start building on the platform instead of simply using traditional Web servers.

By sacrificing grass-roots decentralization in the myopic goal of attracting users by improving throughput, these platforms ironically undermine the entire motivation to use blockchains in the first place.

Most importantly, increasing the throughput of layer 1 is not even a scalable approach.

It will bring you some initial benefits, but it is basically limited by the nature of the blockchain, rather than the way to achieve true scalability.

This reminds me of the next point.

4. It is impossible to run all world-centric applications on a single blockchain: extensions must be done at layer 2.

Trying to run the 100 most popular games and social applications on the Internet on a giant supercomputer is absurd.

Similarly, it is absurd to assume that all distributed applications in the world will run on a blockchain in the foreseeable future.

Let's look at some numbers.

Facebook has more than 30000 comments / comments per second, Nasdaq sees more than 20000 transactions per second, and MMO games like PlayerUnknown's Battlegrounds can handle more than 1m concurrent users to update game status.

Before it totaled more than 1 million TPS, it only needed dozens of apps and games of this size.

So what do you do when the number of users doubles?

Obviously, it is not a practical way to try to run each DApp on the same chain.

It doesn't matter that a blockchain can make a thousand transactions per second or a million transactions per second-- no blockchain is fast enough to handle all the world-centric applications on the same chain.

Zooming must be done on layer 2

The solution is obvious-these applications need to be separated across multiple block chains.

We did this in the early days of Loom, when we came up with the idea of application-specific side chains. We foresee that eventually some decentralized applications will become popular enough to reach 1/10 of the size of Facebook, and the only possible way to run them is on their own dedicated chains.

Of course, if you put these DApp, which require thousands of transactions per second, on their own independent blockchain, they will be vulnerable to the same issues we discussed in Why Power sinks are important.

But if you put them on the side chain of a sufficiently decentralized block chain, such as Tai Tai Fong-you can have the best of both worlds.

Sidechains provides higher scalability without sacrificing security

The side chain can use different consistency algorithms (such as DPoS) optimized for DApp that require very high TPS or low latency, while storing any token or data that requires high security on the main chain.

In this way, even if the side chain is not as decentralized as the main chain, the amount of trust that users need is minimized because they can choose to move anything of real value to the main chain for safe preservation. This is especially true if you use Plasma Cash to protect Tier 2 assets.

By placing DApp in a side chain to a decentralized main network, you can get all the benefits of higher scalability provided by a faster blockchain, while maintaining the same trust and security guarantees provided by the decentralized infrastructure layer.

In his article, Spencer draws the same conclusion that we have come to:

The way forward: a highly decentralized basic layer, increasing centralization (and efficiency) at a higher level.

In fact, this seems to be the same model that Vitalik Buterin envisioned: you can run StarCraft on the blockchain. These things are possible. A high level of security and extensibility allows all these other things to be built on top. Etay Square is a basic layer of security and does not have many functions.

Ethernet Square provides a secure foundation layer for layer 2 solutions.

Now we understand:

Zooming needs to be done on layer 2

The most important attribute of layer 1 is decentralization.

So the real question is, if it wasn't Ethernet Square, what basic layer would you build your second layer on?

We have seen very few block chains as decentralized as Ethernet Square.

According to a recent report by ConsenSys, "there are fewer than 17000 nodes running the ethernet blockchain on six continents, making it the most thoroughly decentralized blockchain platform in existence."

Any other functions that other blockchains may provide, such as higher throughput, no gas transactions, low latency transactions, etc., can simply be implemented as layer 2 services on Ethernet Fong.

In fact, these features are exactly what we built on Loom Network using ZombieChain-a layer 2, gasless, low-latency DPoS side chain to Ethernet Square.

This is just one of many layer 2 extension solutions being developed.

It's hard to understand why developers want to replace ethernet rather than simply build on it.

Ignoring obvious motives, doing so would allow them to raise hundreds of millions of dollars on ICO.

It's kind of like reinventing the wheel.

Of course, you may be able to build a slightly better foundation layer that still provides enough decentralization and throws some additional functionality.

However, you have to persuade all developers to switch to untested platforms-at the same time, ethernet developers can take any good ideas you have and implement them on the layer 2 chain on ethernet.

This is also very dangerous.

If the Tier 2 platform is hacked or exploited, the user's loss will be minimized because most token and valuable data are still securely stored on Tier 1 (Ethernet Square).

However, if you build a new layer 1 blockchain to store the token that users pay for, there is little chance that your code will be exploited-and your users may have billions of dollars at stake if exploited.

In programming circles, there is a rule that states "Don't roll your own crypto".

I will continue to predict that after we see the first major blockchain utilization, the value of millions or billions of dollars of tokens evaporating into the air, we will begin to hear a similar reaction from blockchain engineers: don't scroll your first layer.

This reminds me of the last point.

5. The new platform has not yet been confirmed, and the safety of Tai Fong has stood the test of time.

At the time of this writing, there are 61 billion dollars in ETH in circulation.

There are a lot of financial incentives for someone to try to crack / use the Internet. In the past three years, thousands of aspiring people have tried to find loopholes in Tai Fong.

Until today, nearly 3 years after the release of the main network of ethernet, no one can find loopholes in the security of the platform.

Note: developers have found a loophole in the personal intelligence contract at Ethernet Fong, but I'm talking about the core platform itself.

The longer it takes not to find a vulnerability (although many people are trying), the more likely the platform is to be secure and will not be exploited in the future.

This is similar to what Nassim Taleb calls The Lindy Effect: the Lindy effect is a concept in which the future life expectancy of something that is not perishable (such as a technology or idea) is proportional to its current age, so each additional period of survival means a longer remaining life.

Basically, when a new blockchain platform emerges, developers will be reluctant to use it because it cannot stand the test of time.

What if it can be used? What if it's not really decentralized? Why should I spend all my time on my DApp when I'm not sure it will show up in two years' time?

The longer a blockchain survives without significant exploitation, the more reliable and legitimate it will be in the eyes of developers.

Once again, there is a huge advantage here in Tai Fong.

For the new blockchain platform launched today, it will take several years to survive long enough for developers to consider it trustworthy.

At the same time, however, Ethernet Fong will continue to take the lead in adopting and supporting infrastructure by developers. Not to mention real DApps and end users.

Since Ethernet Square has such a long lead over all other smart contract platforms, from a security perspective, it always seems to be a better choice than the young blockchain.

In particular, as we mentioned earlier, any new features added to the new intelligent contract platform may tempt developers to simply build on layer 2-and still maintain the security commitment of ethernet place.

This is the end of the content about "what are the advantages of Ethernet Square". Thank you for your reading. If you want to know more about the industry, you can follow the industry information channel. The editor will update different knowledge points for you every day.

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