Let's have a few words about our own blockchain since I have some free time. So everybody can get answered the questions.
03 Oct 2022, 20:06
Let's have a few words about our own blockchain since I have some free time. So everybody can get answered the questions
Yes, we set such a goal when we set out on this road. In our opinion at the time, this was a big step.
However, as we gained experience in the sector, we realized that this was not the case.
Now let's think like this;
- Do you pay attention to which royal mint produces money in the current world or its value?
Let's consider the pros and cons of such an action, as the best has already been made with years of experience.
And contrary to what many of you think, building your own blockchain and node system is not really a costly task.
PROS
- You create the impression of a giant company on investors. But that's not the case, a few experienced developers, some technical equipment and some money to spend (not really big money) ... That's all.
- In this way, you attract investors and experience temporary hype. But if the ecosystem isn't full, or if there isn't a "use case" as CZ says, falling is inevitable.
CONS
- Security
- Uptime risk
- Updates required on existing exchanges
- Integrating the new network into dozens of crypto wallets
- Integration work for dozens of Dex
- Obligation of existing holders to switch to new network using bridge
- The obligation of the new network to establish itself among dozens of competitors
- The created blockchain melts away without receiving enough attention
etc. etc. etc.
Like all of you, we think hard to do what's best for us.
And we came to the conclusion that there is no such thing as funny as trying to redo a job well done. (BNB Chain)
It's been our best decision lately to focus on our true goal, rather than temporarily satisfying a small minority, and not disappoint those who believe in us.
And we have no regrets about it.
If you have any questions, I will be happy to answer them.