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This article mainly explains "how to identify the authenticity of a blockchain project". The content of the explanation in the article is simple and clear, and it is easy to learn and understand. let's study and learn "how to identify the authenticity of a blockchain project"!

Is there a network effect and a bilateral market model

The theory of network effect or bilateral market model refers to whether a project can play an active role in improving the whole project as the number of users increases. The core value of the project is the user's own network connection. The block (currency http://www.gendan5.com/digitalcurrency/btc.html) chain itself is a network protocol, and it is irrelevant without network effect. The real example is the e-commerce platform. The more consumers there are on the platform, the more businesses there will be. The two sides in the model continue to promote and promote the positive development of the e-commerce platform, while e-commerce manages both sides of the platform by means of payment (such as Alipay) to maintain the normal operation of the network.

The consensus agreement applicable to blockchain projects is Alipay, in which each participant participates in activities and gains benefits. Then whether a project satisfies this element can be judged to be reliable.

Is there structured data?

Blockchain itself is an Internet protocol, so its existence is based on data. If there is no structured data in the scenario, or if the cost of structuring the data is high, it is necessary to consider whether it is suitable for blockchain projects. There are now several so-called precision poverty alleviation blockchain projects, including tracking the supply chain from seed to table, fertilizer testing, and so on. How do you enter data? Do you need people to test and type one by one? Do you want to track the amount of fertilizer used by the buried detector?

Is there any platform transaction other than the project trading platform?

This is critical because a good platform will not damage the credibility of the platform by putting some aviation coins and junk coins online. If the transaction can only be done on the project's own trading platform, please note that this may be a pseudo-blockchain project, as this means that the currency is not formal and is likely to be a new currency specifically developed by the project. Official currencies are exchanged on the platform. For example, it is worth noting that eth purchased on Firecoin can be used on okex. The circulation of the market is very small, and most of it is in the hands of bankers. Try not to touch them.

Whether the project team can withstand due diligence and whether there is a feasible roadmap for project implementation

Due diligence is to confirm the actual development capability and past performance of the project team on site. The blockchain project is still a technology-intensive project without a strong technical team. Do you believe in the progress that followed? For users who are not easy to do due diligence, there is a simpler standard: is there a reasonable roadmap for project implementation in their white paper? In short, the implementation plan accounts for more than half of the total length.

Thank you for your reading. the above is the content of "how to identify the authenticity of the blockchain project". After the study of this article, I believe you have a deeper understanding of how to identify the authenticity of the blockchain project. the specific use of the project also needs to be verified by practice. Here is, the editor will push for you more related knowledge points of the article, welcome to follow!

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