In 2015, China Wanxiang Holdings Co., Ltd., the financial sector of Wanxiang Group, began a strategic layout in the field of blockchain technology and established the Wanxiang Blockchain Laboratory, an earlier research institution of blockchain technology in China. In 2017, Wanxiang Blockchain was formally established. Since then, Wanxiang Blockchain has established branches in Nanjing, Jiangxi and other places, and jointly established the Wanxiang Blockchain Suzhou Research Institute with the Suzhou High-tech Zone Management Committee.

The company focuses on key industries such as finance, automobiles, smart manufacturing, smart cities, petrochemicals, and agriculture. Together with ecological partners, the company has jointly created a new generation of alliance blockchain platform featuring privacy computing-PlatONE, which innovates from distributed cognitive technology Form a credible infrastructure for the digital economy.

The company is listed as a high-tech enterprise in Shanghai, the vice chairman unit of the China Blockchain Technology and Industry Development Forum, a member of the China Internet Finance Association, a member of the China Payment and Settlement Association, a member of the Shanghai Industrial Internet Association, and a block of the China Federation of Logistics and Purchasing The executive vice president unit of the Chain Application Branch. As a member of the National Blockchain Standards Committee, ISO TC307, IEEE Computer Association Blockchain Committee and other organizations, the company has participated in and led the formulation of a number of national and international standards.

Productivity determines production relations, and production relations react against productivity. This is the most concise and subtle explanation of human development and the composition of human society by philosophers.

In primitive society, whoever masters the power of fire has the right to speak of the tribe; in modern society, whoever masters the power of fire will control the future and destiny of the country.

When production relations meet the needs of productivity development, production relations promote the development of productivity; conversely, when production relations do not meet the needs of productivity development, production relations hinder its development-but the momentum of the development of advanced productivity is difficult to stop.

The release of Satoshi Nakamoto's white paper ushered in a new era of blockchain, and its significance is no less than the emergence of the steam age, the electrical age and the information age.

The blockchain started as Bitcoin, and then because of the backward performance, there was Ethereum, and then there were many other chains. For a long period of time, various false propaganda and exaggerated visions hurt a lot of the block. The chain carries people who are ignorant and beautiful looking forward.

However, changes are taking place. I think this change is currently only captured by a very small number of people-most people have neither the awareness nor the ability to capture it.

I have gone through such a process in the process of understanding the blockchain. You can compare it to which stage you are at:

The first stage: I was shocked by the idea of ​​Bitcoin, I feel that this is the revolution, and this is the future. Talk about Bitcoin and talk a lot about it (or if you are full of impulses in your heart), but right The blockchain itself is not well understood.

The second stage: I started to want to make a fortune from the blockchain, and felt that Bitcoin was "too expensive". I bought some rubbish copycats every day. Finally, I took a roller coaster ride and felt that I was going to return to Bitcoin.

The third stage: I feel that it is too difficult to make money from Bitcoin. Although there are 12 times the income from the purchase of $5,000 to the present, it is really difficult to get back to the node of $5,000. For example: Will it fall to $3,000? When can it rise to 10,000 US dollars? Will it rise to $10,000 sideways for a few years? Will it take a few years to rise to $50,000?

Wait, if you are an afterthought, of course everyone is willing to buy Bitcoin at $5,000 stud, but this is actually the thinking after seeing the rise from the perspective of God. Our capital has a cost and time has a cost. There are so many things to consider.

The fourth stage: I feel that the bull market is out of reach in 2020. I want to explore the secrets of bitcoin and other price fluctuations. I am guided by various futures books and gods, hoping to discover the secrets behind the price-I firmly believe that understanding trading is better. It is much better to understand trading.

Because in investment decisions, the ideas of other investors are very important-they are also part of market volatility. Considering that to make the right decision, it must be analyzed from many aspects. If you don't understand the transaction, the timing of buying and selling will inevitably be worse or have no rules.

In the current market dominated by institutions, this is even more meaningful. Because the behavior of retail investors is the most difficult to predict, because they don't know whether they will buy or sell next, and they change at any time.

This stage of learning is over. In terms of trading, I think I have gathered the best of everyone and mastered the most essential truth. The most important thing is that it is easier to judge and analyze the big trend. The essence is the relationship between supply and demand. That is, if you buy more than you sell, you will rise; if you sell more than you buy, you will fall.

This is my most important experience in these years. Whether it is the originator of futures, Livermore, the domestic Fu Haitang, or even Buffett, their core thinking is this.

To understand the simple sentence above, in fact, you must understand several concepts: including the larger the trend, the easier it is to judge, the shorter the price trend, the more unpredictable; the supply and demand relationship is the only and most accurate indicator, and only the long-term supply and demand The relationship can be determined.

After understanding this sentence, I will understand why I am excited to emphasize breaking through the key position after Bitcoin breaks through 14000 and resolutely watch the bull. Even if Bitcoin falls from 63000, I also emphasize that even if it falls to 12000, it is still a bull market, which will not affect a few months later. The bull market continues-because the relationship between supply and demand in this market has changed.

Moreover, the judgment of the bull market at the current 63000 hours is clearer than the signal when it fell to 30,000, because the argument is more sufficient, and Bitcoin has risen to 20W or even higher, and there should be no unexpected emotions.

If you don’t understand, you must go back to my previous article "What is the basis for the 20W Bitcoin Bull Market?" 》

In fact, in the bull market and bear market, each of us will have our own different judgments. There is no need to argue, and I hope you keep thinking independently and just assume that I am wrong.

However, there was a very good article by Bihu Liu Jiaolian in the first two days, "The Bull Market Does Not Have the Second Half". I read it carefully. The article started by pointing out that there are many loopholes in the analysis of PLANB. In my own thinking, if the forecast is so good, wouldn't it become an institution to carry a sedan chair for retail investors?

What is particularly worth learning in this article is the spirit of independent thinking and not blindly following anyone's predictions. I very much agree. Buffett also said, "Vague correctness is better than precise error". However, I hold a completely different point of view on the article. I think that the rise of Bitcoin is now no matter whether it is from additional currency issuance or institutional entry (there have been many in the past, and the adoption of spot ETFs is a historical necessity, the world’s first gold ETF issuance) Later, the price of gold ushered in a violent bull market).

From the perspective of supply and demand, the bearishness of 519 has given the bull market the most powerful test. The current rebound to 60,000 "high" combined with the unpredictable increase in the number of blockchain giant whales and global currency inflation, then, in the long run There is no doubt about the rise.

However, if you ask me whether it will rise or fall tomorrow, I don't think it makes much sense. In order to avoid being too long, this article only shares this one.

The fifth stage: Understand the significance of the blockchain, understand the current trend, so the general direction of making money is very simple. It is good to hold the currency until it rises, but people are not satisfied, and see many new projects appear every day. Anyway, being idle is also being idle, so I spent a lot of time learning new things, and since then opened the door to a new world-a new world of horrific development that "changes with each passing day".

What is the future of blockchain? Is it BTC? Is it ETH? Or add more? Such as UNI\DYDX\DOT? Is that all? Are you sure that the major productivity advances equivalent to the steam revolution, the electrical revolution, and the information revolution will stop at these few. Is it the best strategy to stay steady?

In terms of specific currencies, you may be at a loss, but from the perspective of philosophical thinking, you will have an answer when you think about it. This is definitely not the case.

Of course, from the perspective of investment, you might think, I don’t care about revolution or not, as long as I know, what can be bought is 10 times or 100 times. In fact, investment income must be a by-product of cognitive innovation-when you recognize it, you will have strong beliefs. As long as the opportunity comes, you can seize it, and you can get countless wealth; otherwise, the recognition is not in place, even if The wealth at your fingertips will slip away in your hands.

When Gavin Wood joined the team led by Vitalik Buterin to build the better blockchain they envisioned, Bitcoin was the dominant blockchain in the world.

Buterin, Gavin, and six other co-founders see Ethereum, which was launched in 2014, as a broader ecosystem. Users can create and exchange services and products, including smart contracts that bring NFTs. Gavin described the goal they were trying to achieve as the "world computer."

This vision is not suitable for loyal Bitcoin users.

"There was a lot of Bitcoin extremism, and it still exists," Gavin told Protocol. "This has resulted in a very harmful environment. We are trying to push the cryptocurrency blockchain technology forward. We have no malice against Bitcoin. We are just technologists. But we get a lot of "hatred" from the Bitcoin world, a lot of Unnecessary, unreasonable suspicion, and sometimes worse. It’s almost like an encrypted version of nationalism.”

Ethereum eventually became the second most used blockchain in the world after Bitcoin. Ethereum now has a market value of more than 330 billion U.S. dollars.

But in 2015, Gavin left Ethereum and founded a blockchain software development company called Parity Technologies with Jutta Steiner, the former security director of the Ethereum Foundation, a PhD in mathematics. Two years later, he co-founded the Web3 Foundation, which provides funding for teams focused on decentralized network technology.

Part of the reason Gavin left is because he believes that Ethereum has not done enough to pursue blockchain technology, a truly decentralized ecosystem. It has become another network competing for dominance in the increasingly crowded blockchain world.

It is also being affected by the "crypto extremism" Gavin encountered when he helped launch Ethereum. "There are already Ethereum extremists," Gavin said. "You will realize, oh, maybe this is part of human nature, and you can't get rid of it."

But Gavin wants to get rid of the "territory mentality" of this blockchain, or at least "alleviate it by having the ability to have multiple chains."

This is the vision of Polkadot launched in May 2020 by Gavin and two co-founders Robert Habermeier and Peter Czaban with the support of the Parity and Web3 Foundation. For Wood, this is an opportunity to start from scratch.

He said in a video: "We have been thinking about how we can create the next generation of Ethereum if we have a "green field" that can be designed."

Polkadot hopes to create a new multi-chain ecosystem that serves as a bridge connecting other blockchains, and abandons what Gavin calls "a patchwork of Internet independent and isolated legal systems."

Polkadot has just started, but there is no doubt that Gavin's reputation and position as a pioneer in the blockchain have promoted it. The dot token is now the 9th largest token in the world with a market value of more than 25 billion U.S. dollars.

In an interview with Protocol, Gavin talked about his journey from Ethereum to Polkadot, his vision for the third iteration of the network and his belief that encryption and blockchain technology will prevail because "technology has changed human civilization. And it won't stop now."