Han Feng: BTC L2 will have the opportunity to unify the timestamps and smart contracts of various public chains
9January 12th, in SingaporeTOKEN2049At the “Web3 Asian Power” theme summit during this period, Columbia University exchanged doctoral students & visiting scholars, former blockchain consultants at the Huawei Central Research Institute,YilaiyunCo-founder Han Feng shared his forward-looking vision for the future of the blockchain industry, emphasizing the importance of unifying cognitive systems and intelligent algorithms and the key role of blockchain in achieving this goal.
Han Feng first emphasized the huge potential of blockchain technology in creating a unified cognitive system and intelligent algorithms.ChatGPTThe huge success in the field of AI shows that it is entirely possible to unify intelligent algorithms across disciplines. Professor Gu Xueyong and Han Feng started the course “Cognitive Foundations Beyond Disciplines” at Tsinghua University as early as 2015.
He believes that blockchain can use the opportunity of developing BTC L2 to unify the algorithmic consensus and cognitive rules of various public chain smart contracts based on the BTC timestamp, and break the barriers of authorization and perception of assets and transactions in different public chains. This innovation, which unifies the recognition system for digital assets and transactions, will not only be a technological advance, but will also trigger revolutionary changes in the entire human economy and society.
Han Feng pointed out that one of the key features of the blockchain revolution is its ability to provide a “time stamp” for digital asset transactions.
The Bitcoin network has relied on such an innovative mechanism to guarantee that no counterfeit money has been generated for more than ten years. This is an innovation that no monetary system in human history has been able to complete. This is also the basic guarantee for Bitcoin's market value and the volume of gold exceeding by 2025. Because it guarantees the absolute accuracy of understanding the causal order of asset transactions.
And this technological innovation and POW mechanism will play a key role in implementing a unified recognition system for public chains in the future. Also, through the mechanism of joint mining with Bitcoin designed by Wu Jihan at the beginning, Laiyun currently ranks second in terms of computing power in the POW system. Naturally, he is a strong supporter of the construction of the BeL2 test network.
He also shared the technology stack the Bel2 team is studying based on the results of the MIT Digital Currency Research Institute. The technology uses zero-knowledge proof technology to unify the “timestamps” of different public chains and smart contracts, which is expected to achieve seamless connections between the Bitcoin public chain and other smart contracts. This means that different blockchains will be able to share a unified “timestamp” of the Bitcoin network, and there will be an opportunity to establish a unified asset authorization and transaction system across the Bitcoin and Ethereum public chains.
Han Feng believes that the true meaning of blockchain is that it provided humans with a unified “truth” algorithm for the first time. In the past, people had to rely on various authorities to determine what was true and correct, but blockchain established the authenticity and correctness of transactions and assets as an undisputed calculation standard and mechanism through network-wide computation, timestamps, and consensus mechanisms. This has far-reaching implications for eliminating the system of lies and the “point deer for horse” scams.
