A public chain refers to a blockchain that can be read by anyone, that can send transactions and that transactions can be effectively confirmed, and that anyone can participate in the consensus process. Usually considered decentralized. It can be simply understood as a public, publicly available blockchain.

The public chain combines economic rewards and encrypted digital verification, and establishes a principle that the economic rewards that everyone can obtain from it is proportional to the workload.

There is a more vivid metaphor that should help everyone understand the public chain well. For example, if you want to develop a blockchain project, it is like developing a mobile application APP. You must have a mobile phone system for development to be compatible and run. Such as (Android system, Apple system, etc.), so the public chain is an underlying infrastructure, a super underlying network that carries countless applications.

With the widespread application of blockchain technology in the future, more and more enterprises, groups and individuals will enter the blockchain industry, but most companies and teams may not have the ability to independently develop a blockchain project, or If this is necessary, then the best way is to develop your own blockchain project in the existing public chain, which is why public chain projects are so popular.

At present, most of the mainstream coins in the currency market are made on the public chain, such as BTC, ETH, BSC, RCH, etc. Therefore, the development of the public chain determines the speed and quality of the development of the entire blockchain industry in the future; because some applications based on the underlying public chain are severely limited in performance, the public chain will still become a block for a long time in the future. One of the most talked about sections in the chain industry.

Characteristics of the public chain

1. Open Source

Since the operating rules of the entire system are open and transparent, this system is an open source system;

2. Anonymity

Since nodes do not need to trust each other, and all nodes do not need to disclose their identities, the anonymity and privacy of every node in the system are protected.

3. Low access threshold

Anyone with sufficient technical ability can access, that is, as long as there is a computer capable of connecting to the Internet, the conditions for access can be met;

4. All data is exposed by default

Although all connected participants hide their true identities, this phenomenon is quite common. They generate their own security through their publicity, where every participant can see all account balances and all their transaction activity.
Why do you want to develop a public chain?
 
1). The public chain is the underlying infrastructure support for asset digitization, and is an important infrastructure support in the digital economy and digital transformation! The global asset digitization ecological public chain can link individuals and enterprises at a low cost to realize asset digitization and be more secure and efficient in asset storage, circulation, and decentralized finance.

2). The exchange is still in a state of competition with the policies and capital markets of various countries, and the public chain technology mostly exists in the positive image of cutting-edge technology, which is a "talisman". It is also an important support for the development of decentralized exchanges.

In this context, it is necessary to build a public chain that serves the development of the digital economy, digital asset exchanges and institutions, focusing on digital asset financial services, relying on decentralized custody and clearing to solve trust and efficiency issues.

At present, the development of digital currency exchanges has entered the second half. Centralization and decentralization are not contradictory bodies that cannot coexist. They should be natural choices at different stages of different business scenarios, and should not be preset by humans. Decentralized exchanges will coexist with centralized exchanges for a long time in the future, focusing on centralization, supplemented by decentralization, and providing services to users with different needs.

In the future, each centralized exchange is actually a super node in a decentralized system. The trading instructions and assets of the exchange are executed and circulated on a trusted blockchain, and at the same time, they are fully supervised by regulatory agencies. , through the dual means of technology and supervision to solve the possibility of business evil, and solve the various problems of the current centralized exchanges from the root.

The value of the public chain

1. The public chain can protect the rights and interests of users from the influence of program developers

The developer of the program in the public chain has no right to interfere with the user, so the public chain can protect the rights and interests of the users who use the program. In addition, the highly decentralized distributed data storage is also one of the biggest features of the public chain. The advantages of open and transparent transaction data and the inability to tamper with the data enable the public chain to effectively protect the data security of users.

2. Public chains can generate network effects

An information product has an inherent need for interconnection, because people produce and use them to better collect and communicate information. With the expansion of the network scale, users can obtain more value from it, and their needs are more satisfied. The public chain is open, so it has the opportunity to be applied by many external users and generate a certain degree of network effect.

In other words, as the scale of the public chain network expands, the number of users continues to increase, and the network effect continues to increase.

3. The public chain can be applied to actual business scenarios

In addition to financial applications, any application scenarios that require high trust, security and durability, such as NFT, Web3.0, Metaverse, asset registration, voting, management, and Internet of Things, etc. 3.0 era applications, will be large-scale The ground is affected by the public chain.

Criteria for judging whether a public chain is valuable

1. Technical team strength

The development of a public chain is first and foremost a technology. How does it ensure security, how to set the connection method between blocks, and how to ensure higher transaction throughput? These all require a deep understanding of the blockchain and mastery of higher-end Internet technologies For example, the public chain made by a few geeks is not as good as a team of experts, and the later maintenance and development requires the continuous follow-up of technical experts.

2. Look at team resources

The strength of a public chain is also reflected in the people behind it. A project must see who is pushing it, which depends on its partners. The strength of public chain supporters is a side proof of the strength of a public chain. Because a strong partner can not only provide sufficient resources for the project, but also have the strength to control the situation.

3. Landing application scenarios

The application scenario comprehensively reflects the strength and ambition of a developer and operator of a public chain, and can also show the future of the public chain. The era of blockchain 3.0 is coming, and the economic model of "blockchain+" is also mentioned more. A good public chain must enter the attention of the world's capital institutions and promote the prosperity and development of the ecology.

Through the above introduction, I believe that everyone has some understanding of the value of the public chain. Since the data transmitted and stored on the public chain are publicly visible, and only a certain degree of privacy protection is provided for both parties in the transaction by means of "pseudo-anonymity", there are still privacy issues in the public chain, and even the importance of the public chain in the entire blockchain field The necessity and necessity, development space and demand are very large.

REITs CHAIN ​​global asset digital ecological public chain

REITs CHAIN ​​is a decentralized, open-source public chain with smart contracts. Adopt POW+DPOS hybrid mechanism. With strong scalability, compatibility, high throughput, security, encryption, privacy and other characteristics, it is a public chain built by Singapore DAP Group and teams from Wall Street, Silicon Valley and Thailand. Committed to providing super underlying technology network services for the digitization of physical assets.

Advantages:

1. Adopt POW+DPOS hybrid consensus mechanism and multi-deflation economic model public chain;

2. A public chain that takes asset digitization as its vision and mission and enables real-world assets to be on-chain;

3. Obtain a legal license to practice the public chain of STO merger;

4. The world's first public chain for legal and compliant mining of property insurance on mining machines, the ecologically owned stable currency RUSD will obtain multi-country licenses (Thailand, Switzerland, etc.);

5. Comprehensive and independent integration of innovative public chains: TPS exceeding 3000, GAS fee ultra-low, full-node wallets, browsers, physical mining machines and a rich ecological public chain of DeFi+NFT+Metaverse+asset digitalization.

In January 2021, the main network of REITs CHAIN's global asset digital ecological public chain was officially launched, and the physical physical mining machines were officially incorporated into the main network for mining output. At the same time, the development of the drone side chain has been realized. Real estate NFT, big health, art NFT, DeFi, GameFi, Web3.0, DAO and the new ecology of the Metaverse.