What’s wrong with Biyuan Chain (can Biyuan Chain increase to 600 in the future)
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What happened to Bihara Chain? What happened to Bihara Chain. According to Zhihu user “Coin Circle Kid”, there have been media reports recently that members of the original chain team were involved in discussions on community governance, resulting in a large number of tokens being sold (which had already been sold at the time) and causing huge losses It is understood that the “little guys in the coin industry” said in the group that they are likely to leave this project because there are too many people investing in Bitcoin, and they don’t even know how to operate it. But these people actually support and promote the original chain in their own way. But this does not affect their actions. After all, they want to allocate funds to those who are not familiar with mining technology. Therefore, the problems that have arisen this time are also very serious:
1. Due to insufficient support for the consensus mechanism before, a new main network was launched, so a new version later emerged – Bilibili 2.0. As everyone said, this is an upgraded version of the public beta 2. In order to avoid the risks brought by over interpreting the original chain 3.0, some investors have panic and believe that this is a systematic mistake. The ultimate result: Many developers are beginning to doubt whether there is a new type of main network or side chain similar to Bitcoin in the original blockchain. This statement is reasonable, and if something like this really comes out, it will attract many people’s attention. However, personally, I am still looking forward to whether there will be a real solution for the original blockchain
Can it grow to 600 in the future compared to the original chain
Editor’s note: This article is from Fengchao Caijing News (ID: fengchao caijing), written by Kyle, and reprinted by the Daily Planet with authorization Recently, BM, the founder of Biyuan Chain, tweeted: “The Biyuan Chain team has started researching PoS mining technology and is preparing to launch and fork out the main network. It is rumored that Biyuan Chain plans to release v1.0 version on October 15, 2020, which means that all tokens will be locked in the BTT network and will be launched for trading within the next 3 to 6 months. At present, this news is interpreted as positive news or a signal of rising market heat. Is it worth $600 more than the original value? “According to Weibo netizens, the original value has skyrocketed from around 50 yuan to around 200 yuan, an increase of over 500% However, there is still some controversy over whether it will increase by 100 times or even higher than before, and this statement may not have received official recognition yet. But if calculated based on the current market value, a ceiling of over $80 billion would be sufficient, because all the tokens circulating on the market are issued by the project party, so the original price should be close to 7 million yuan, which means it should be less than 5 million yuan Regarding the issue of the current situation of the Biyuan community, members of the Biyuan community generally stated that the current market sentiment is good and at a high level. “Do I think Bitcoin will continue to fall? Should it continue to maintain a bull market trend?” This is information disclosed by an anonymous user to Beehive Finance, but he did not comment on this. He stated: I don’t think this decline is necessarily the reason for a pullback. However, I don’t know if this situation will happen again in the future. Some people have been questioning whether Bitcoin is really a scam, but now they realize that they are not a scam… So what I want to ask is whether Bitcoin can really rise by $10 to $4 million in the short term, in order to further understand the company behind it, its valuation issues, and its future direction He also added, “As for how to develop next, we don’t know, but at least we need to see some facts to tell everyone – Biyuan is building one of the most potential products in the blockchain world – Biyuan Public Chain. Its competitor is Ethereum. Biyuan itself is a network based on POS common knowledge mechanism, open source code and smart contracts. Of course, some people worry that Biyuan will collapse or go back to zero. In addition, Biyuan developers also put forward similar responsibilities Worry is that Biyuan may face significant losses due to 51% of attacks, such as in the event of hackers stealing assets. So is there any way for Biyuan to solve these problems According to Biyuan’s official website, “Although Biyuan has not officially announced the launch of new products yet, it seems that Biyuan’s public chain is indeed suitable as a means of payment to enable more people to accept Bitcoin and other Cryptocurrency.” In contrast, Biyuan has released its own white paper and is still trying to build its own ecosystem, and hopes to help other projects enter this field by providing scalable solutions. If everything goes smoothly, I believe Biyuan will also become the infrastructure for the next generation of mainstream internet applications
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