Exploration of New Public Chains in the Blockchain Industry

In the current cryptocurrency ecosystem, Bitcoin and Ethereum are undoubtedly the two brightest stars. Through innovative technology and continuous iterative upgrades, they have accumulated a huge market value, a prosperous ecosystem, and an active community. However, this does not mean that new public chains do not have space for survival and development.

From the perspective of large-scale applications, the Web3 industry is still in a rapid development stage, and changes in future market demand will give rise to more excellent public chains. Institutional investors are willing to inject substantial funds into this field based on their judgment of the future of Web3 and the importance of public chains.

When evaluating a public blockchain, we need to pay attention to both its hard power and soft power. Hard power includes the ability for technological innovation and the adaptability of the technological roadmap, while soft power involves aspects such as business operations, ecosystem development, and capital coordination. Both of these capabilities are essential.

Many new and old public chains are actively exploring innovative technologies, which are worth our attention and study. Here are some interesting examples:

The Substrate framework of Polkadot supports blockchain parallelization and provides flexible development tools.

Cosmos proposed the concept of sovereign chains and application chains, achieving multi-chain interconnection through IBC.

Sei Network has optimized for trading scenarios, supporting high-speed order processing.

The history of Solana proves that the PoH technology provides a global clock mechanism for distributed systems.

NEAR adopts Nightshade sharding technology to improve network throughput.

Avalanche's Avalanche consensus mechanism can quickly reach consensus.

The multi-node architecture of Flow realizes modular functional division.

Monad supports asynchronous concurrent processing of transactions, improving TPS.

Sui Network achieves high concurrency based on causal ordering and object models.

Aptos introduces the Block-STM parallel execution engine.

Linera has proposed the Microchains architecture, which is flexible and scalable.

These innovative explorations have accumulated valuable experience for the entire industry. In the future, it is likely that a new public chain will emerge, blending multiple advantages and achieving large-scale applications. In particular, projects within the Cosmos ecosystem and the Move language system are challenging Ethereum's position from different dimensions, expanding the possibilities for public chains.