It is worth mentioning that when it entered the public eye, it started with a tenfold increase in currency price in the first three months of this year. At that time, many people naturally associated 'domestic', 'public chain', and 'technology' with previous domestic projects that exploited investors, resulting in many people failing while shorting CKB. Those who shorted during every round of adjustment ended up fueling the continuous new highs.
To be honest, there is still something to it. If you had knowledge of other projects but were not familiar with CKB, then from a technical perspective, what CKB is currently doing = pow.L2+Tia+DYM+Paypal.
The Bitcoin ecosystem has long been criticized for its lack of innovative financial protocols, high transfer fees, and slow speeds. Now, CKB has achieved full isomorphism with BTC through the pow+UTXO model. Simply put, you can think of Bitcoin as a 30-story ancient building that, aside from its unique appearance, has hidden wonders on each floor. To fully appreciate the building, one must climb all thirty floors. CKB's emergence has replicated each floor in a nearby building using UTXO and then installed elevators, allowing for rapid ascent. Everything present on each floor of the BTC building is also available in CKB.
Since the CKB mainnet went live in November 2019, it has adhered to a good economic model and, like BTC, has completed its first mining output halving after four years. The long-term development of a project cannot be separated from a good economic model for its governance tokens. This is also a foundational condition for CKB's periodic surges.
In fact, the most remarkable aspect of CKB is the imminent rise of decentralized payment experiences. Lightning payments are essential in Bitcoin application scenarios; they must be fast and low-cost. In China, with the rise of Alipay and WeChat payments, people have already experienced the convenience of third-party payments. However, in many countries and regions, cash and POS card payment models still prevail. Therefore, PayFi not only drives changes in payment habits but also represents a revolution in decentralized finance. However, this path is not easy. In addition to ensuring technical security, legal compliance and publicity challenges are significant across different regions. Nevertheless, I believe that with JoyID now supporting the Lightning Network testnet, CKB has taken a significant step forward and gained a first-mover advantage, ensuring it can firmly secure its position as a leader in its competitive field.
I believe that with the existing technological foundation and roadmap, CKB must take more actions to attract both web2 and web3 communities while building its ecosystem vision. For example, in mobile payments under the Lightning Network, there must be reward mechanisms, such as payment discounts like Alipay or the ability to earn points for a lottery, etc. It's crucial to cultivate a user base. Attracting the web3 community will then become much easier, as there will inevitably be many subprojects, new features, and new experiences in the ecosystem. CKB DAO could have its own launch pool, allowing governance token holders to vote on ecosystem projects, enabling mutual empowerment between CKB and web5 (web2+web3), further strengthening ecosystem empowerment and attracting a large user base.
