The long-term value anchor of any web3 project is decentralization, which involves a deep understanding of distributed computer architecture and encryption technology, so that many projects that claim to be decentralized are not completely decentralized. The reason why Bitcoin has become the leader of encryption projects and has attracted companies, countries and institutions is that it is the most decentralized project. Only when the value anchor is above the value anchor can we talk about functions and performance. Once decentralization is removed, any discussion of functions and performance is worthless.