The Battle Between Public Chains: Metaverse Infrastructure Deer Network Will Take The Lead
Public chain technology is the core embodiment of the decentralized concept of blockchain. Public chains such as Bitcoin and Ethereum have brought new concepts such as “cryptocurrency” and “smart contract” to the blockchain space. Since public chains are decentralized, they are definitely open and free.
Looking back at the past industry trends, the collective emergence of new public chains is undoubtedly one of the most important trends that we should pay attention to.
From Solana to Avalanche, then from TOOL, Fantom, the arrival of these EVM compatible public chains has provided a breakthrough in the price of the secondary market, and brought in rapid development at the ecological level, driving new growth for these new public chains and their affiliated projects.
If the world where multiple chains coexist and are interconnected is really the future trend, then the story of new public chains will not stop here. Observing the hottest public chains that emerged recently, those with comprehensive features will have a comparative advantage over others. In this article, we will analyze the advantages of metaverse infrastructure “Deer Network”.
Now, let’s understand the background of Deer Network.
Blockchain technology is now in its 3rd stage and has the potential to support large-scale business applications, but its data processing ability has its limitations, so it is unable to meet the needs of high-frequency, large-scale applications. That is to say, the limitations brought about by the underlying technology will slow down the performance of these developed applications. Although blockchain technology can improve the overall performance of these applications, there is still a long way to go before we reach that stage.
In response to the current challenges faced in the blockchain industry, Deer Network has carried out a series of innovations in blockchain technology and concepts, such as consensus mechanisms based on Proof-of-Work (PoW) and Nominated Proof-of-Stake (NPoS), the concept and realization of the blockchain’s main contract, applications about decentralized exchanges, the separation of transaction ledgers and smart contract ledgers, etc. Deer Network will become a bridge that connects the blockchain space and the real business world.
Here’s an introduction of Deer Network.
Deer Network creates a globally shared metaverse infrastructure public chain with self-repair capabilities by connecting scattered storage and computing resources. Deer Network combines Polkadot’s NPoS and POW consensus mechanisms to create an efficient, decentralized, cross-chain and trusted public infrastructure chain for the metaverse.
Let’s analyze the 4 advantages of Deer Network.
Deer Network uses the chips’ Trusted Execution Environment (TEE) to detect the computing rewards in the disks, achieving efficient decentralized token production, and at the same time, avoiding the risk of being attacked or tampered with. With TEE, users can upload real disk space and report the storage files’ PoW, providing users with an immutable, reliable, and efficient reporting system.
Technical Advantages: PoW uses local TEE quantification modules, which have low requirements on hardware and network performance; and blocks are generated through NPoS consensus mechanism, where it is more efficient and its underlying technology is more mature than other consensus mechanisms. Not only it will avoid the centralization issues brought by PoS security risks, but it also improves the operating efficiency of the whole blockchain, and at the same time, maintains the decentralized nature of Deer Network. Additionally, Deer Network will also restructure the IPFS protocol into the TEE module, which is a major innovation in the industry, which in turn achieves a safe and stable decentralized IPFS CDN data service.
Economic model: Incentives are based on storage resources and staking amount, which will regulate market supply and demand effectively;
Scalability: The quantification model of Deer Network is based on TEE technology, so it can quantify computing resources and provide support to the computing market; Integrating with Polkadot parallel chain, the ecosystem will receive more in-depth support to promote the development of a cross-chain ecosystem.
Higher security: Since private keys and private storage are kept in a TEE environment, this means that there is enhanced support for data security and data storage. The minimum storage period is 3 days, each storage order is linked to one funding pool, and existing files can continue to be stored in the network’s storage. Furthermore, as users can save on the fees for storing unexpired files permanently in the network, this proved that the decentralized storage of files in Deer Network is faster, cheaper, safer, and more reliable.
Deer Network is the world’s first complete metaverse infrastructure public chain, it supports decentralized creation, storage, distribution, interaction, discovery, and promotion of all content in the metaverse. This will make it easier, more convenient, and faster for users to participate in future ecological development and receive unlimited dividends of the metaverse at a lower budget. Deer Network combines Polkadot’s NPoS and POW consensus mechanisms to create an efficient, decentralized, cross-chain and trusted public infrastructure chain for the metaverse.
As metaverse is the next big trend, what we’re seeing is more and more companies starting to jump on the bandwagon, including Facebook. All news reporting about metaverse is telling us the status of the metaverse public chain is also rising rapidly, and the competition in the metaverse is heating up. We will continue to update and share with everyone the latest projects related to the public chains in the metaverse space.
Article Source: Crypto G
Original Article Source: 新一轮公链之战，元宇宙DEER NETWORK公链突围 (qq.com)