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Blockchain applications, the blockchain data cloud "Vee" wants to become a new generation of blockchain bottom support social level applications

Time : 24/02/2022 Author : 8v0ed9 Click : + -
        CEO Zhang of Vee, a blockchain data cloud, believes that to drive applications by technology, first, we should optimize performance and carry social level products; second, we should find the best balance between centralization and decentralization according to specific scenarios; third, we should face up to the necessity of supervision and ensure that technology is not used in the "wrong direction". Many teams at home and abroad are developing "blockchain 3.0" to improve the scalability and ease of use of the blockchain to meet the "industrial standard". Vee hopes to directly cross the "3.0 stage" and combine the latest scientific and technological achievements in cryptography, virtual machines and other fields to develop a new generation of blockchain bottom layer that can let users actually feel the technological changes.
        Vee will help various industries establish scalable decentralized databases, provide super large capacity exceeding the storage limit of traditional databases, and provide instant cloud computing services. Vee has selected four programming languages and redesigned the system with the idea of layering and modularization to adapt to the development of decentralized network applications. On the one hand, if there are errors in individual links, they can be solved separately without affecting the whole network; On the other hand, the performance will be greatly improved. Specifically, the TPS (transactions per second) of bitcoin blockchain is in the order of single digits, that of Ethereum is in the order of ten digits, and that of visanet is 2000 on average and 56000 at maximum.
        While Vee benchmarked visanet and raised TPS to four digits in the initial version. In addition, in the architecture design of the blockchain, Vee improves the communication mechanism between different chains, supports cross chain transactions, and the bottom layer will carry at least 1000 main chains and side chains. Other technical teams can develop applications more flexibly and conveniently through the API provided by Vee to improve the performance of the private chain. At present, Vee has not disclosed more technical details. The blockchain data cloud was established in August 2015. It is expected that the code will be opened when it is officially launched in May this year. After that, the system will be upgraded regularly to gradually improve the performance and experience. If the next generation of blockchain technology can really support large-scale applications, my first question is, why should enterprise users leave the traditional database that is used and has a good experience and switch to a new decentralized data cloud with uncertain performance?.
        Robzhang believes that the advantages of blockchain data cloud are: higher efficiency in search, lower price (reducing the cost of frequent data backup by large companies), more secure data storage (VEE has established a set of partial "decentralized" disaster recovery scheme. In case of crisis, the management can intervene in data and ID to a certain extent), and can also provide identity authentication and voting tools. At the same time, Vee's standardized general API can reduce the cost of data migration. However, blockchain technology is still at an early stage, and there is still a long way to go before companies full of commercial competition can accept the sharing and openness advocated by the "chain circle".
        Vee also makes layout before the technology matures. Rob Zhang said that fields involving more data processing work, such as games and actuarial insurance, will be the first service objects of Vee. Before directly contacting enterprise users, Vee will find and support application development teams that can meet industrial level requirements in any field, establish local communities, and jointly discuss the details of implementation. Vee's profits will come from the transaction fees of the applications on the platform (settled by Vee's official token) and the consulting fees for 1-to-1 helping other teams develop. Sunny king, founder of Vee, has invented POS (proof of interest mechanism), peercoin and primecoin.
        Its team was established in 2011 and registered in 2015. It has continuously operated digital currency for nearly 6 years. Now it has more than 20 members and will absorb marketing personnel in the future. The team has previously focused on overseas markets such as Japan, South Korea, Singapore and the United Kingdom. Since last year, it has gathered academic research resources, technical talents and funds and transferred them to China. CEO Bob Zhang graduated from Peking University majoring in mathematics and science, and later obtained an MBA degree from New Brunswick University. He has 20 years of relevant experience in finance and science and technology. Shaoyu Wang, a core development engineer, graduated from Peking University with a major in Mathematical Science and obtained a master's degree in science from California Institute of technology; Wanli Yang graduated from Peking University with a major in computer science and a master's degree in science from the University of Wisconsin.
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