Blockchain protocol: From the laws of the universe to the value internet

Since the birth of Bitcoin to the booming development of the Blockchain industry, its dual attributes of technology and finance have become the most important research direction today. The rise of the fintech sector allows us to step away from market fluctuations and explore the essence of blockchain protocol from a cosmic perspective.

Natural Protocols in the Universe

Modern cosmological theories suggest that countless cycles occurred from the Big Bang to the emergence of humans. With our current understanding, we cannot fully speculate on this process and can only explore the mysteries of the universe by studying the physical laws on Earth.

The universe itself is a massive protocol system. The Milky Way rotates, the solar system revolves around the galactic center, and the Earth orbits the Sun. For billions of years, a balance has formed between galaxies and celestial bodies through gravity, magnetic fields, or unknown dark matter. This balance seems to have reached a kind of consensus, establishing rules and standards, forming a natural protocol in the universe.

The Power of Human Imagination

The Earth evolved from a harsh environment into a habitat suitable for human survival, also following a certain natural protocol, nurturing resources such as forests, oxygen, minerals, and rivers.

In the process of the reproduction of the human species, imagination has become a key tool for expanding horizons. From the perspective of biological evolution, the emergence of Homo sapiens has rendered other hominid species less competitive. Modern humans are the descendants of Homo sapiens, having created concepts such as language, family, institutions, currency, and nation, and have turned these imaginations into reality through practice.

As the Israeli historian said, our world is essentially a product of human imagination. Everyone is striving for the world they imagine, and this rich capacity for imagination is a unique trait of humanity.

Blockchain: A New Protocol for Value Exchange

From the shell era to the digital age, humanity has undergone a long evolution. The internet era brought the HTTP protocol, while Blockchain has ushered in the Web 3.0 era.

In the digital realm, a protocol is a set of rules, standards, or agreements established for the exchange of network data. It governs the communication methods between entities of different systems. The core of Web3.0 lies in upgrading data exchange rules to value exchange rules, marking the transition from the mobile internet to the value internet, and representing a paradigm shift from centralized to decentralized rules.

The Importance of Protocols

The research of large-scale Blockchain projects must undergo repeated refinement of the protocol layer. Similar to the unstable state of the universe in its early stages, it has taken a long game to reach the current equilibrium. If one wishes to change a certain equilibrium or protocol standard of the universe, it will require immense energy and a great cost.

The birth and development of the Bitcoin protocol reflect this characteristic. Over time, this protocol has become increasingly secure, stable, and operates automatically, requiring significant costs to change it.

Therefore, blockchain practitioners should think more about protocols, rather than just focusing on products. Only by standing on the shoulders of Bitcoin can we promote the further development of the blockchain industry.