块空间奇点

加密货币最大的缺陷之一——缺乏主流使用——可能会消失。

One of crypto’s biggest problems is a lack of mainstream use. But that might be about to change.

加密货币最大的问题之一是缺乏主流使用。但这种情况可能即将改变。

For years, crypto skeptics and believers alike have pointed out the lack of mainstream use cases for blockchain technology. Thousands of decentralized applications have been deployed, yet mainstream use cases are scarce.

多年来，加密货币怀疑论者和信徒都指出区块链技术缺乏主流用例。已经部署了数千个去中心化应用程序，但主流用例却很少。

That may be about to change.

这种情况可能即将改变。

A singularity, a point of infinitely dense matter, is theorized to have caused the Big Bang when one such point exploded, distributing matter throughout the universe. I think we’re at an analogous moment in the history of crypto.

理论上，奇点是一个无限致密物质的点，当一个这样的点爆炸时，就会引起大爆炸，将物质分布到整个宇宙。我认为我们正处于加密货币历史上的一个类似时刻。

Over the last year, developers have delivered fast, cheap blockspace to builders.

去年，开发商为建筑商提供了快速、廉价的区块空间。

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您正在阅读《加密多空》，这是我们为专业投资者提供的每周时事通讯，其中包含见解、新闻和分析。在此注册，每周三将其发送到您的收件箱。

The “majors” have made huge strides, with Ethereum (ETH) deploying its Dencun upgrade in March, reducing transaction costs for users of layer-2 blockchains to less than $0.01. Solana (SOL) has (largely) fixed the downtime issues that plagued it until last year, leading to a massive surge in economic value on the protocol.

“巨头”已经取得了巨大进步，以太坊 (ETH) 在 3 月份部署了 Dencun 升级，将第 2 层区块链用户的交易成本降低到了 0.01 美元以下。 Solana (SOL) 已经（很大程度上）解决了去年困扰它的停机问题，导致该协议的经济价值大幅飙升。

New entrants have also been coming thick and fast. New layer-1 blockchains such as Sui, Sei, Aptos (APT) and others have launched in the past 18 months, promising unprecedented levels of throughput. This process is nowhere near complete, with yet another cohort of new and heralded blockchains expected to come to market with novel design elements throughout 2024 and beyond.

新进入者也不断涌现。新的第 1 层区块链，如 Sui、Sei、Aptos (APT) 等在过去 18 个月内推出，有望实现前所未有的吞吐量水平。这一过程还远未完成，预计将在 2024 年及以后推出具有新颖设计元素的另一批新的区块链。

The experimentation stage begins

实验阶段开始

Chris Dixon, in his new book "Read Write Own," predicts that “a key moment will be when the infrastructure becomes so good that application developers no longer need to think about infrastructure.”

Chris Dixon 在他的新书《Read Write Own》中预测，“一个关键时刻将是基础设施变得如此良好，以至于应用程序开发人员不再需要考虑基础设施。”

Since crypto began, application developers have only had to think about infrastructure. Even if you had a novel idea for a crypto use case, infrastructure limitations likely kept you from executing it.

自从加密货币出现以来，应用程序开发人员只需考虑基础设施。即使您对加密用例有一个新颖的想法，基础设施的限制也可能会阻止您执行它。

Now that multiple blockchains with diverse designs can operate reliably at scale and low cost, developers can focus on what they can do, rather than what they can’t.

现在，具有不同设计的多个区块链可以大规模且低成本地可靠运行，开发人员可以专注于他们能做什么，而不是他们不能做什么。

The figure below illustrates just how much tech there is to be experimented with:

下图说明了有多少技术需要试验：

Recently, we’ve seen novel ideas for decentralized social media and social finance; DePIN networks that utilize high throughput blockchain solutions to enable real-world utilities; and AI-adjacent tools such as decentralized compute networks and AI agent platforms.

最近，我们看到了去中心化社交媒体和社会金融的新想法； DePIN 网络利用高吞吐量区块链解决方案来实现现实世界的公用事业；以及与人工智能相关的工具，例如去中心化计算网络和人工智能代理平台。

Over time, novel applications will only get more popular and more performant as they work out what infrastructure best suits their needs. Perhaps this process will end with scaled applications running on modular solutions settling back to Ethereum, or maybe the monolithic vision will win, and Solana, Monad, Aptos or Sui will become the preferred blockchain of the masses. In the end, the market will decide what solutions work best once they can be tested at scale.

随着时间的推移，新颖的应用程序只会变得更受欢迎、性能更高，因为它们会找出最适合其需求的基础设施。也许这个过程将以运行在模块化解决方案上的大规模应用程序回归以太坊而告终，或者整体愿景可能会获胜，Solana、Monad、Aptos 或 Sui 将成为大众的首选区块链。最终，一旦可以进行大规模测试，市场将决定哪些解决方案最有效。