The Dual Path of Blockchain Development: The Game of Credibility and Usability

The evolution of blockchain technology presents a bifurcation between centralization and decentralization, with the core of this phenomenon being the balance between trustworthiness and usability. Usability refers to the ease of use and the ability to quickly master a product, commonly found in fields such as internet products and electronic devices. Trustworthiness, on the other hand, focuses on expanding the boundaries of human cognition, with projects like Bitcoin dedicated to constructing a trustworthy data and value system.

The coexistence of these two demands inevitably leads to the differentiation of Blockchain technology. Originating from Bitcoin, Ethereum continues its basic principles and adheres to the principle of decentralization. However, Ethereum faces some challenges in practical applications, prompting certain projects to compromise towards usability. For instance, a certain consortium chain has obvious advantages in computing, storage, and communication efficiency, and this fork meets specific market demands.

The verification mechanism is the most critical and challenging aspect in the field of Blockchain. Currently, there are three main verification methods: collateral, additive gaming ( approximation ), and the built-in effective market hypothesis. It is worth noting that Bitcoin has not yet fully solved the verification incentive problem, which has become a key bottleneck for subsequent developments.

Decentralized assets are the core attraction of blockchain technology. Although Bitcoin has limitations as a currency, its true value lies in the establishment of a non-cooperative game system. This system breaks through the dilemmas of cooperative games in traditional social management, achieving an exchange mechanism that does not require mutual trust.

Projects like Bitcoin and Ethereum are attempting to build non-cooperative game systems, thereby deriving decentralized assets. The risk-return structure of these assets is markedly different from traditional asset classes, exhibiting stronger stability in eliminating uncertainty. Although Bitcoin's price is highly volatile, its computing power and the transparency of transaction data far exceed that of traditional credit assets and stocks.

Blockchain technology is not just a linear service system; its complexity lies in how to achieve fully decentralized financial services, how to capture and solidify value, and other aspects. These challenges need to be considered at the very beginning of project design.

Overall, the development path of blockchain technology reflects the trade-off between credibility and usability, as well as the potential value of non-cooperative game systems in modern society. Future development directions will depend on how to seek a balance between these two dimensions and how to address core issues such as validation and value capture.