What can you do with ciphers and block chains?

What can you do with ciphers and block chains?

In Korea and in the entire world, cryptography (also called virtual currency or virtual currency, collectively referred to as cryptography in this article ... editors note) and the viewpoint of the block chain are the revolutionary technologies that lead the fourth industry And the ponzi scam plus gambling more than tulip bubble.

But even those who claim that cryptography is a Ponzi scam says that they must nurture block-chain technology. So, as some argue, is it possible to separate and develop cryptography and block chains? The answer is "It depends."

Blocks that can be separated from ciphers include private block chains, consortium block chains.
The private block chain is a case where there is one subject constituting a block chain. A consortium block chain is a case in which there are a few constituents.

A block chain that can not be detached has a public block chain. Public block chains are composed of many unspecified subjects around the world. If the private block chain or the consensus block chain is an intranet, then the public block chain is like the Internet.

It is possible to cultivate only block chains without passwords, but it is similar to the idea of ​​giving up the Internet and growing intranets only.

This paper will examine whether there are those who claim to be revolutionary technologies that can lead to the Fourth Industry because of what they can do with cryptography and the block chain. Therefore, the block chains mentioned later are all considered to be public block chains requiring cryptography.

The ecosystem of cryptography and block chains will have a lot of possibilities, but the story of not existing is like floating clouds. So let's look at the existing block-chain ecosystem and consider whether it is likely to grow in the future.

And before you read this article, forget the bit coin. That bit coin that tells you that you are trading 10 million won, 20 million won worthless data.

There are very few young people who do not use one or two SNS these days. If both SNS monopolize revenue and SNS take a significant portion of revenue, who will win the user acquisition battle?

Steamit is a block-chain-based SNS that compensates for the steam dollar, which is proportional to the boots, in a post that has been "boarded" much like "Likes".

Unlike Facebook or Instagram, which does not have any reward for the article itself, Steumit can reward itself with readable text, reward itself. It does not even have to be a post. Pictures, Pictures, Music, Webtoon Anything is good.

Steamit is growing very rapidly because of its small number of users compared to Facebook or Instagram, but because it provides rewards with passwords. It's even heard that Facebook and YouTube are nervous about the emergence of SNS, a block chain based on Steptite and Ditube.

In addition to the block-chain-based SNS that is already in service, there are a lot of start-ups that are preparing to start service within a few years. There are about 1,500 coins issued, many of which are likely to be related to SNS related businesses.

It is a small blast now, but it may be a typhoon that will destroy the current dinosaur SNS companies ten years later.

But that alone can not be construed as a revolutionary technology that will dominate the Internet environment of the future in terms of cryptography and block-chain technology. There is also YouTube, which has a reward system even with the existing server client method.

So let's compare Steamit with the existing server client and now with the block chain.

In the server client method, compensation is entirely determined by the company, and the transparency of the compensation depends on the will of the company. When the profit is 100, the company decides whether to compensate for 50 or 10, and the ratio can not be known if the company does not want to disclose it. For example, can webtoon writers know the ratio of revenues earned from operating Naver's webtoon and the rewards paid to webtoon writers?

Anyway, in the case of the server client, the compensation should be made in legal currency, but in the case of SNS such as Steam It, which is used globally due to the difference of the money of each country, someone who gives or receives has to bear the exchange fee.

Individual exchange fees may be small, but the sum will be enormous due to the nature of many SNS users.
If there are a large number of users to be compensated, and the amount of money is a small amount of several thousand won or several ten thousand won, the sum of the transfer fee is enormous.

If you have a branch office in each country to avoid these costs, it is also a cost. Even if a company is willing to reward its users for money, it is not easy because of operating costs.

That's why YouTube has recently set a minimum standard for earning ad revenue. This is to reduce the cost of many minor rewards.

In other words, if SteamOt is implemented as a server client, transparency of the compensation structure is low, and it becomes unreliable, and there is a lot of operating expenses and it is burdened to the company to pay a lot of compensation.

In the form of a block chain, the compensation scheme is established at the time of designing the block chain and is executed as it is without special circumstances. The transparency of the enforcement is recorded and disclosed on a block chain that can not be hacked and modified.

In Steumit, the rewards are made up of a cryptographic steam dollar, and no user anywhere in the world has any exchange or transfer fees. So there is no need to have a branch office, no matter how many countries around the world you serve.

In the block chain structure, the burden of server operation is shared with the cryptographer, which can greatly reduce the operating cost. Therefore, even if the user is compensated enough, the profit of the enterprise is guaranteed.

In other words, if the SteamOut is implemented as a block chain, the compensation structure is transparently managed, and the operating cost is small, so even if the compensation is large, the enterprise can also benefit.

So, in this case, should the coin currency steam dollar given in reward be used as a payment method in the real world? You do not need to do that at all.

The Steam Dollar can only be used to accurately maintain the compensation system on the block chain SNS steam. In reality, all you have to do is exchange money in court currency through a currency exchange.

Have you ever used a bus token? You can not be angry that you can not eat bread with a bus token. Bus tokens can only be used well when riding the bus. However, it must be exchangeable in legal currency.

But why would you trade the bus tokens for court money? Because bus tokens are a useful means of eliminating the hassle of exchanging money when riding the bus, it is necessary to encourage their use. If you do not exchange for legal currency, you will not be able to use the bus token even if it is convenient.

This is the reason why you must exchange the coded currency from the exchange to the legal currency. The block chain is much more efficient in the Internet environment than the server client, so it changes the token-like ciphers into legal currencies.

There is already an article that says that Facebook and YouTube are nervous about losing users to block-chain-based services like Steumit or Ditube. Is it a futile day?

Internet services based on public block chains still exist and will continue to come, even if they are not Steumit or Ditube. One of them is likely to have the capacity to break down existing big Internet companies.

If we only close the cryptographic exchange and ban the ICO (cryptographic disclosure), will these companies disappear? Not at all.

In the near future, we will be using block-chain-based SNS, even if we do not know what a public block chain is and why it is necessary for it. If we stick to closure and prohibition, we will be culled in such a future Internet environment.

Now, let's recall the bit coin we forgot. The first block chain, but why is Bitcoin, a relatively low-tech block chain, trading at 10 million won and 20 million won? I do not buy a cup of coffee or bread, but ... In Japan, there are a lot of stores that can trade in beat coins. How many people have gone to Japan and bought a bowl if it is a bit coin?

The bit coin can be purchased from anywhere in the world with only the Internet (1500 coins except bit coin). There is no altcoin that can not be bought as a bit coin even if there is an altcoin that can not be bought in Hanhwa, Yen, Dollar or Yuan.

So the bit coin is called the key currency of the cipher money. In other words, the value of the bit coin is in the numerous altocons that can live on bit coins rather than on its own.