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The future will be a "Multi Chain" world, and the cross chain bridge will become very valuable

Time : 09/01/2022 Author : 2pf3dj Click : + -
        Will we live in a multi chain world, or will there be "one chain to rule everything"? It depends on your psychological model of blockchain. People usually describe L1 blockchain as a network, such as Ethereum network and Solana network. This means that the blockchain can expand infinitely like the Internet, telegraph or Facebook. If the blockchain is a network, the network effect will dominate, and a blockchain will win. However, the network is an error simulation of blockchain, and blockchain is physically limited. Blockchain cannot be extended to infinite blockspace, because blockchain requires many independent small verifiers; If the block is arbitrarily large, the blockchain will no longer be decentralized.
 
        It is expensive. It's crowded and slow. It was built a long time ago. Nothing can work as it should, and there seems to be no improvement. It is so stupid and expensive that only the rich can afford to trade there. Of course, everything in New York is still going on! It has all the largest banks, the most billionaires, the hottest brands and celebrities. Similarly, Ethereum has all the largest defi protocols, the most TVL, the most popular Dao and NFT. But it is very expensive. If you are a rising star, your price will be eliminated. Maybe if you buy assets earlier, you can get rich.
 
        But today, the price will eat you, and there is not enough space to accommodate everyone. Billionaires may be OK, but the next generation will have to go elsewhere. Path 1: create. The land may be limited, but you can always be vertical. By building higher and higher cities, you can accommodate more people on the same land. However, the creation is not a complete answer. There is a limit to the height of skyscrapers, and even skyscrapers cannot get rid of the congestion of the underlying cities. If I live in a high-rise building in Manhattan and you live in a high-rise building in another building, when I want to visit you, I still have to go to the first floor, call an expensive taxi, and fight against the congested traffic in Manhattan. We have not got rid of the basic constraints &mdash& mdash; Manhattan is still crowded.
 
        L2 and summary are blockchain equivalents of skyscrapers. Each rollup is like a vertical blockchain extending from the ground L1. There is a lot of space in the summary! But to access a summary from another, you must exit to Ethereum below and deal with its underlying traffic. Upward construction is helpful &mdash& mdash; It allows more people to enter the city &mdash& mdash; But this is not a complete answer. If Ethereum is very crowded now, it will also be very crowded after the summary (billionaires have the ability to stay in L1 and pay fees). So how can you expand blockchain?.
 
        Path #2: it is "interoperability network". Such as Polkadot or cosmos, Polkadot and cosmos provide developers with SDK to start application specific blockchain &mdash& mdash; A small blockchain dedicated to a single application. All these blockchains are connected through the routing system &mdash& mdash; Polkadot's relay chain, Cosmos' cosmohub. In the urban metaphor, this is like creating a network of small towns that do only one thing. There is a mining town here, where there are a lot of factories, then an agricultural town, and then a small town that is just a direct selling store.
 
        Each of them is connected along a huge highway system. It is feasible to build a factory town in Xincheng, and some places will be built in this way. Industrial towns and agricultural towns are the same thing, but they are not a major part of people's lives and businesses. To absorb the growing population, it is not enough to rely on a few small towns alone. Path 3: the last way to expand the city is to build another city. This is what Solana, avalanche and near do respectively. When you build a new city, you have to copy a lot of infrastructure first, but it seems to be a lot more than that.
 
        Every new city needs another road, another police station, a school and a hospital. Similarly, every new L1 requires another block browser, another legal entry, a native AMM, and an NFT market. This is redundant, but each L1 needs these infrastructures to start. Take Solana as an example &mdash& mdash; Solana is Los Angeles. Compared with Manhattan, it is big, wide and cheap. You can be a starving actor in Los Angeles, ignoring the East Coast's dedication to decentralization &mdash& mdash; Move your application to Solana, start your NFT, and finish it in 10 minutes.
 
        Of course, Solana is not the most decentralized. But games and NFT don't need so much decentralization at the beginning. The weather is good and the cost is low. No one takes himself too seriously. So what is avalanche? I would say avalanche is Chicago: trying to be the next Wall Street, but newer, cheaper and more radical. It's cold there, but avalanche's expertise in finance and trade makes the city full of vitality and confidence. It's hard not to bet that it will rise. Near is San Francisco &mdash& mdash; Designed for Web3 technicians.
 
        This is an idealistic City, full of people who want to realize the Ethereum 3.0 dream. In their view, data segmentation is the only way forward in the long run. The importance of these cities lies not only in their large scale but also in their openness to commerce. Everyone has different views on what cities should be and how to govern them. They each accept different trade-offs, adopt unique values, and attract different industries. So will we live in a multi chain world, or will there be "one chain to rule everything"? This is the question of reconstruction: will we live in a multi city world, or will there be one city to rule all cities?.
 
        The answer is obvious. Urban governance has power law (another explanation: Matthew effect) distribution, but many cities are important, and no metaphor is perfect. But I find this mental model useful in predicting how L1 will evolve.
 
        
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