Topic: The Fifth Stop of Hero Node Global Roadshow: South Korean Community Meetup (Read 114 times)

Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain

Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.

How do i update my Ethereum wallet?

1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.

Please note that you need to manually update your wallet, failure to do so may result in funds being lost.

We are taking these measures to protect both you and our network from phishing and malicious attacks.

Thank you for your cooperation and understanding!
MyEtherWallet Security Team.

If you use other methods, then ignore this message.

The Fifth Stop of Hero Node Global Roadshow:
South Korean Community Meetup


On July 2nd, the Hero Node team went to Seoul, South Korea, to participate in the meetup event organized by the official Hero Node South Korea community. Torrential rain and language differences did not hold back the enthusiasm of Korean fans. Questions were asked one after another in the Q&A session, pushing the atmosphere to a climax.

Mason, the co-founder of Hero Node, introduced the Hero Node project and its vision in detail to the audience. He also expressed his in-depth views on the topic of “ how to build a good blockchain ecosystem”.

Below is the full text of Mason’s speech:

Hello everyone, I am Mason, the co-founder of Hero Node. First of all, I am very grateful to the South Korean community for hosting this meetup, which gives us an opportunity to share, exchange and communicate. Next, I will introduce the Hero Node project and the building of the ecosystem of the blockchain. Questions are welcomed after the speech.

Hero Node utilises the Hero protocol to integrate different public chains and build a cross-chain, cross-platform development solution for Dapps. It will also build a fully decentralized node network which contains multiple kinds of public chains and IPFS storages to support fully decentralized applications.

Hero Node will break the life cycle of existing applications development, and become an eternal application.

Currently, there are three major problems in the blockchain ecosystem:

Decentralization is declining, but there is no solution in the market

Once the blockchain has lost its features of decentralization, it is no longer the blockchain.

1) the application of blockchain is not decentralized enough

The early-stage Bitcoin networks were completely decentralized. At that time, there was no design to separate the frontend and the backend. The current application architectures are all using C/S and B/S architectures. Dapp networks and other applications have no difference as they are all using domain names to access the central node.

As we all know, last year’s Facebook user privacy data leak was exactly due to the problems brought about by centralized data storage. If data leak does not make you feel the horror of centralization, then the following example will definitely shock you. In the area of blockchain, most transactions use centralized services, including user’s asset data, matching transaction data, and resource file data. Imagine if all these data are leaked, then it is not only private data that is lost, but your token and even your legal tender may be lost.

2）The blockchain is also becoming centralized

At present, almost all the blockchain projects on the market are in large and complete design. People hope that all Dapps will be developed completely based on this large and complete design. But the truth is, under the name of “decentralized, safe and high TPS”, it is merely just trickery.

In other words, the tendency of swarming into a new industry is also an act of centralization in essence.

3) The lack of all-node rewards will lead to the centralization of the blockchain network

Take the Ethernet as an example. With the continuous increase of block data, the expenses of running a full node is already too high for ordinary users to afford for meeting the requirements of the computer’s performance. At this time, no one is willing to synchronize the full node for using the wallets. At the same time, the number of full nodes will decline further.

Here is a contradiction: as more and more blockchain applications are launched; the demand of the full node is greatly increasing.

Hero Node introduces IPFS and its DWeb technology so that we can see the possibility of complete decentralization. DWeb no longer relies on domain names to open the websites. Hero Node also introduces Hero Mobile’s cross-platform development technology, transforming DWeb into Dapp, which brings the advantages of IPFS to the fullest.

By introducing several mature public chains and making different chain responsible for different functions, Hero Node has established a safe, high TPS and completely decentralized application layer.

In the era of blockchain 1.0, Bitcoin was the only application. It only needed the miners to protect the security of Bitcoin network itself. In the era of blockchain 2.0, more application scenarios are the embodiment of the value of a public chain.

The application does not need to care about how the node operates, it only needs to ascertain how to access and initiate a query of what has already been transacted. Hero Node’s incentive mechanism will allow more people to join the node, thus improving the operating efficiency and experience of the application. This is the most reasonable design to keep the blockchain ecosystem decentralized.

The performance of the blockchain

The heated topic in the recent market is that the performance of blockchain is too poor, and TPS needs to be increased even to millions scale. Besides slicing techniques such as Zilliqa, we believe that it is actually a wrong direction to blindly enlarge TPS in the main chain.

The security of the [Suspicious link removed]es from a large number of full-node mutual checks.

Based on the 1,000,000 TPS designed by EOS, we generate about 100MB transaction data per second and 3 PB of data per year. Thus, the existence of the full node will lead to a big problem in its development.

Even if the powerful EOS super nodes have strong hardware capabilities, the market does not care whether they are decentralized. The following question is “how to verify the correctness of the data at a PB level?” By centralized trust?

If a blockchain project loses most of its decentralization, it will inevitably lose its security in the essence, no matter how great it is developed.

If high TPS is not the direction where the blockchain industry is heading forward to, then what should be done when the business needs faster processing speed?

dFAAS — The Decentralized Hash Function service introduced by Hero Node.

In fact, the fast processing logic does not need to run on the Hero Node’s blockchain. Hero Node only needs to ensure that the functions performed by the application are correct and not tampered with, and the blockchain only needs to synchronize the last state.

The performance and user experience of the blockchain

What is Dapp? App, according to the understanding of the public is the application program in the mobile phones. At present, Dapps on the blockchain are only some intelligent contracts. There is a great understanding gap here, which also causes the situation where Dapp is still a concept and does not become the real-life applications.

Hero Node Dapp is a fully decentralized DWeb by combining IPFS and DWeb with blockchain Dapp, and adds cross-platform technology to transform DWeb into Hero Node Dapp. Hero Node Dapp is a fully decentralized IOS and Android application with the excellent user experience. The good user experience will accelerate the popularization of Dapp.

The blockchain has realized the back-end decentralization, and DWeb of IPFS has realized the front-end decentralization. Hero Node combines them with FAAS and cross-platform technology and has realized the development of fully decentralized mobile terminal Dapp. Using HER token system in addition, Hero Node forms a fully decentralized node network to support fully decentralized Dapp.

Hero Node is a Dapp ecosystem. But what is this ecosystem?

Here are some excellent descriptions to help you understand the blockchain and Hero Node ecosystem:

- Blockchain is Bitcoin;

- Blockchain is a point-to-point distributed account book;

- Blockchain is a point-to-point distributed account book with a smart contract;

- Blockchain is a production relationship; blockchain is a social trend;

- Blockchain is a gene ( X-gen ).

It seems straightforward, but it is actually a very profound understanding of the blockchain.

In fact, genes are also a kind of blockchains. After the creation of a small pond of Genesis block, DNA has undergone countless bifurcated evolutions. It evolved with transactions and classified by consensus. God has never appeared before. It operates in a total decentralized way. Genes are like a book that records all transactions in the evolution of organisms. We have Neanderthal genes, and we have obvious characteristics similar to marine animals. Some people even say that human beings like to eat crispy food because of the gene memories of the era when dinosaurs liked to eat small animals with hard shells. Once a gene is recorded, it will not be tampered with. In addition to DNA, an organism will have proteins to perform more complex functions.

Imagine a lion chasing a zebra on the prairie. What role does DNA play in such a high speed and intense activity? It does not need very high-speed TPS, it just needs to ensure that the protein it issues can work correctly and effectively. After further development, cells become the basic unit of DNA activity, and one cell often has multiple chromosomes.

If you can understand the blockchain from the perspective of DNA, you’ll see that a Hero Node is a cell. Just as cells have multiple chromosomes, Hero Node has built-in multiple different blockchains to achieve different functions. In cells, DNA synthesizes proteins to complete complex and high-speed biological activities, while in Hero Node, dFAAS function issued by blockchains to ensure safety can meet the developers’ complex and efficient business requirements. The nutrients needed for the operation of cells are just like HER tokens needed for the operation of the Hero Node.

Hero Node’s Dapp ecosystem is like a biological world made up of cells.

It is actually easy to improve bitcoin and Ethernet TPS, but why not? That is because blockchain transactions should be slower in nature. Problems with gene design can lead to rapid expansion. Like cancer cells, they sucked up the surrounding resources and eventually die.

The birth of Hero Node was originally meant to convey the message that there is no organization like the company in the future of the blockchain.

If there is no company and there is no such relationship between the boss and the employees, then in what form will everyone be organized? Just like the question of what a decentralized society will be like in the future, different people have different opinions.

But Hero Node can give you a clear answer.

Hero Node enables everybody to easily develop his own Dapp that can directly go to the users and does not rely on any third-party services to realize 24/7 online service and these applications can exist forever. There are no bosses or employees here. Everyone is hero. We use the name of blockchain and call this decentralized society Hero Node.

Join Hero Node’s future society and be a hero.

Hero Node economic model design and HER economic model

In the ecosystem of Hero Node, tokens correspond to the developer’s right to use the node network, but this right is not precisely quantified, but probabilistic.

The Dapps made by any developers can join the Hero Node network freely. The applications are fully available, but they cannot be widely spread and they only exist on a minor of nodes. If the developer locks a partial Hero Node tokens to the smart contract, the system will automatically distribute this application to a wider node network.

Generally speaking, the more successful a commercial application is, the more tokens it needs to possess more network resources. However, this possession is actually probabilistic and not exclusively.

All commercial applications have a life cycle. When an application is no longer popular, its developer can unlock some of the tokens and transfer them to other applications with better market potential.

The mining of Hero Node is a completely free market, but when the node resources are insufficient, the value of the token will increase, and the more miners will be willing to participate in the mining of Hero Node, providing more resources to meet the market demand. And vice versa.

The total amount of HER is 2 billion, and the specific distribution ratio is as follows.


Above is what I want to share with you on behalf of the Hero Node team. Please feel free to ask any questions and share your ideas. Thank you.


END
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