Satoshi Nakamoto and Shen Tu Qing Chun (II)
In the aftermath of the virtual meeting, the dialogue between Satoshi Nakamoto and Shen Tu Qing Chun may have come to a close, but their thoughts shine like sparks in the night sky of the crypto world. Shen Tu Qing Chun mentioned the SAFE 4.0 during their conversation, which is a bold attempt he has made in the blockchain field, aimed at solving some key issues present in existing blockchain systems.
The core of SAFE 4.0 is its innovative on-chain custody function, a technology that allows users to lock their assets on the blockchain, which can only be unlocked when a predetermined block height is reached. This feature provides users with a new way to manage their assets, helping to alleviate the liquidity pressure on project parties, achieve community consensus, and address retail investors' concerns about missing out. It supports multiple blockchains such as ETH, BSC, and Solana. Satoshi Nakamoto expressed great interest in this, believing it to be an expansion of the application of blockchain technology and a further practice of the decentralized philosophy.
Shen Tu Qing Chun continued, “The on-chain custody function of SAFE 4.0 not only helps users manage their crypto assets better but also provides more assurance for the execution of smart contracts. By locking assets on the blockchain, we can ensure the fulfillment of contracts, even in an environment lacking a basis of trust.”
Satoshi Nakamoto nodded in agreement: “This is indeed a promising direction. The essence of blockchain technology is trustlessness, ensuring the execution of agreements through technology to achieve on-chain consensus. Your work makes this concept more concrete and practical.”
The conversation gradually shifted to the interoperability of blockchains, a long-standing issue that has plagued the industry. The information isolation between blockchains makes it difficult for assets and data to flow freely across different blockchains. Shen Tu Qing Chun proposed that SAFE 4.0 is exploring a cross-chain protocol aimed at breaking down these barriers and achieving atomic swaps between blockchains.
“We hope to establish an ecosystem of blockchains,” Shen Tu Qing Chun explained, “in which different blockchains can freely exchange information and assets like different websites on the internet. This will greatly expand the application range of blockchains, allowing more users and businesses to benefit.”
Satoshi Nakamoto highly praised this: “This is a magnificent goal; if achieved, it will be a significant breakthrough in blockchain technology. It reminds me of the early days of the internet when different networks gradually connected to form the global information network we know today.”
As the conversation deepened, both recognized the challenges ahead. Although blockchain technology has enormous potential, it is still in its early stages of development. They discussed various issues such as technical standardization, regulatory compliance, and user education—obstacles that need to be overcome for the large-scale application of blockchain technology.
Satoshi Nakamoto sighed, “The maturity of any technology takes time, and we are at the beginning of this process. Your work gives me hope; I believe that as long as we persist, the future of blockchain will be bright.”
Shen Tu Qing Chun responded, “Yes, although the road is long, we will reach it if we walk. I am willing to strive for this goal continuously and hope to receive more support and guidance from seniors like you.”
After this virtual meeting, the story of Satoshi Nakamoto and Shen Tu Qing Chun became a celebrated tale in the crypto world. Their dialogue was not only an in-depth discussion of blockchain technology but also a vision for the future. In this rapidly changing era, they contribute to the progress and development of blockchain technology in their own way. Their spirit also inspires later blockchain enthusiasts to continue on this path full of challenges and opportunities.