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CryptoWorld.VIP (CWV) is the world's first multi-chain mechanism fusion main chain, and it is a real product of the blockchain 3.0 era. The chain is based on the Raft+DPoS consensus algorithm, a fusion main chain that combines high-performance alliance chains and personal public chains, and is a basic chain of a multi-chain mechanism. Under such circumstances, a safe and efficient consensus mechanism and distributed ledger can still be maintained.
1.1 Industry background
We are in the process of moving from industrial civilization to digital civilization. The “three big barriers” of social constraints and insufficient social participation. The birth of the Internet has subverted the way people disseminate information. It is the decentralization of information, but it does not solve the problem of the transfer of wealth and value on the Internet.
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Blockchain technology is inherently capable of delivering trust and value, and reconstructing value systems and order rules. The industry has generally reached a consensus that blockchain, as a brand-new underlying protocol construction model, will become another major iterative innovative technology since cloud computing, big data and advanced analysis, and will become an important platform for the existing Internet to realize the transition from information to Internet. The core driving force for upgrading to the value Internet.
. . . > In 2016, the real value of blockchain technology began to be noticed and tapped, so it was called "the first year of blockchain". In 2017, the blockchain achieved explosive growth, and the world is running into the "blockchain economy era". In the foreseeable future, the blockchain will continue to maintain rapid growth, but the development cycle of many blockchain projects is as long as more than two years, its penetration in reality is seriously insufficient, and there is a lack of scenarios that can be experienced and interacted with. Faced with a huge number of blockchain projects, users often cannot find the entrance to their services.
In 2018, the era of blockchain economy is expected to officially start, and the golden age has arrived! Encrypted World-Scenario-based Value The virtual world aggregates various blockchain services in a visual scene, allowing the value of the blockchain network to be displayed in a centralized manner.
1.2 Market pain points
1) There are hidden dangers in the transaction processing speed and carrying capacity of the existing main chain. The biggest bottleneck. From the earliest 7TPS of BTC, to 20 TPS of ETH, and then to 1,000 TPS of NEO, the transaction processing speed of current mainstream projects is far from meeting the requirements of the booming blockchain application service field. At the same time, with the explosive growth of user scale, if there is an obvious delay in the response to high-concurrency transactions and a large increase in the number of contract deployments, it will cause a devastating blow to the user experience.
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A recent live case is CryptoKitties, a cat-raising game based on the Ethereum (Ethereum) blockchain developed by the Canadian start-up company Axiom Zen. Since its launch at the end of November 2017, it has swept the entire virtual currency world. According to statistics from the foreign third-party website CryptoKitties Sales, the game currently has more than 250,000 active players, and nearly 50,000 different virtual cats. As of March 6, 2018, the total sales of virtual cats was nearly 41,375 ETH. 1 Such popularity has posed a huge challenge to the carrying capacity of Ethereum. The game once occupied 25% of the computing power of Ethereum, causing the system to be congested and almost paralyzed, the speed of the entire network to drop sharply, and the transaction fee to increase significantly.
The growth of virtual currency users has created unprecedented opportunities in 2017. The number of active wallets of various virtual currencies has exceeded 20 million, and the surge in user base has naturally brought about a surge in market demand. The success of CryptoKitties makes people realize that games may be the earliest and most frequent application scenarios of blockchain technology, but the innate limitations of Ethereum make it impossible to carry high-concurrency and high-frequency game scenarios, so many project parties are looking for A more powerful blockchain underlying technology solution.
2) Lack of channels for general users to access blockchain application services
The number of blockchain projects also ushered in explosive growth in 2017. According to statistics from the foreign website ICOBox, there were more than 380 blockchain projects in 2017 Projects have successfully raised ICO funds, more than half of which occurred in Q42, and this growth momentum is expected to continue for the foreseeable future.
However, the current popularity of blockchain technology projects is only limited to the capital market. Most of the projects are still in the early stage of experimental products or even ideas, and the development cycle is mostly more than two years. Beautiful apps that will revolutionize everyday life will take time.
Even if these projects are successfully developed and put into operation, it remains to be seen whether their penetration in real life can meet expectations. At the same time, facing a huge number of blockchain projects that are still increasing, it is difficult for users without professional knowledge to find a low-threshold service entrance. If ordinary users can't easily enjoy these services, then revolutionary technology is nothing but talk on paper.
3) Scenario interaction and currency switching are difficult to achieve
At present, many blockchain applications have covered all aspects of daily life represented by the Internet, information, finance, real estate, transportation, etc., and there will be more in the future More detailed usage scenarios. However, different blockchain projects and services are relatively independent and isolated from each other. Most blockchain projects have not yet provided ordinary users with an easy-to-use, mature and reliable scenario interaction solution. The problem of compatible switching between different project currencies is bound to Affect the integrity and fluency of user experience.
We use the most optimistic estimate to assume that many blockchain projects in different fields will be successfully developed and landed smoothly. However, if a user needs to consume A game currency on the game platform, and participate in sports quiz, he must prepare B game currency separately. To enjoy financial services, you need to switch to C platform currency, and to use D social currency to interact with friends. How much can such a fragmented blockchain world bring to our living standards? In the final analysis, user experience is the
criterion for judging the quality of all services. Undoubtedly, blockchain technology will bring revolutionary breakthroughs and changes to people's lives, but if there is no visual application with a clear entrance and can seamlessly connect various scenarios, the impact of blockchain technology on real life The significance will be greatly reduced, and the development prospects of the entire industry will also be cast in a shadow.
1.3 Solutions
1) CryptoWorld (CryptoWorld)
Relying on the self-developed and powerful CryptoWorld public chain (CWV), CryptoWorld aims to solve the current main chain transactions To deal with the problems of low speed and insufficient carrying capacity, by building a simulated asset management game platform, it provides general users with an entrance to experience the technological revolution of the blockchain and a visual scene connecting various blockchain applications, and builds a platform for professional developers in the industry. An open platform with unlimited expansion.
2) Encrypted World Public Chain (CWV)
Encrypted World Public Chain (CWV) is the underlying blockchain technology independently developed by the Encrypted World project team. It is the world's first multi-chain mechanism fusion main chain. The Raft+DPoS consensus algorithm can greatly improve the read and write throughput of the blockchain while maintaining a safe and efficient consensus mechanism and distributed ledger. At the same time, CWV has its own SPEEDFORCE fast transaction transmission network, which has a transaction processing capacity of 100,000 levels, which greatly improves the carrying capacity of the main chain, and can provide users with more applications with richer interactive experiences. In addition, CWV also has an open cross-chain transaction API, smart contract, container running SDK, shared ledger system, etc., to build a complete development platform that supports blockchain applications.
3) Application aggregation platform (CryptoWorld.VIP)
Encryption World will build a large-scale application aggregation platform (CryptoWorld.VIP), focusing on game applications in the early stage. With the maturity of platform operations and the expansion of user scale, Then gradually expand to other applications.
By providing an extended framework for interconnected development, developers can embed different applications into the encryption world system, and the ecosystem of the encryption world is thus continuously enriched, truly achieving sustainable development.
As the first entry-level application platform, the simulated asset management game platform is based on the 1:1 mapping of the real-world architectural space. By connecting different virtual buildings to different blockchains and giving them different service functions , to build a scenario-based service platform that connects different blockchain projects. The virtual real estate space is the basic framework of the encrypted world and the main carrier of the core world view of the entire encrypted world. Through a system that continuously expands the application of scenarios, it truly provides users with an entrance into the blockchain world and visually experiences many blockchain projects. Changes brought about in real life.