In the future, Bitcoin and Ethereum may have nothing to do with most ordinary people?
More than ten years ago, almost no one expected that a document of only 9 pages and a small software of only 14MB could stir up such a storm. The history of Bitcoinās ādevelopmentā was in the eyes of many people.
It is as magical as "turning stone into gold". Many people have not come back to their senses yet, but it really happened.
Today's Bitcoin has grown from an inconspicuous "air" to one of the world's leading financial assets, which is elusive. Perhaps in the future, most ordinary people will be farther and farther away from Bitcoin and its latecomer Ethereum...
01 The number of large institutions holding chips in the end will increase, and the relationship between supply and demand will be tense in the future.
02The threshold of public chain nodes is constantly increasing
While the computing power of the entire Bitcoin network continues to hit new highs, the threshold for block producers is getting higher and higher. There is no doubt about this. Bitcoin mining has reached the height of the chip technology war, and Bitcoinās computing power war has also continued to push the development of chip technology to a certain extent. And of course there is one of the most competitive resources in human society: energy. Bitcoin energy consumption has already rivaled that of a country
03 On-chain costs soared, and users moved to Layer 2, 3, 4...
With the large-scale adoption of Web3, micro-payments, games, metaverse, social networking and other high-frequency scenarios in the future, the Bitcoin and Ethereum main chains may be "crowded" at any time. In the past, ordinary users' small-amount swap, social networking, and games For interactive activities, the on-chain handling fees that need to be paid are already quite expensive.
04 Account abstraction, users do not even need to participate in the interaction process
For most ordinary people, in the era of large-scale adoption of Web3, encryption wallets with high operating thresholds are not necessary. In order to solve the user threshold problem, the encryption community has proposed account abstraction in recent years. In the future, Web3, Metaverse applications use solutions such as application protocols and encryption algorithms. Complex things such as chaining and interaction are "handled" by Web3 applications with one click. At the same time, encryption technology is used to protect users' assets, private data, etc. rights shall not be infringed upon.
In this way, most ordinary people don't even need to know the underlying blockchain technology, as long as they know that the service is guaranteed.
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