Bitcoin emerged in 2009. In 2010, someone used 10,000 Bitcoins to buy two pizzas. From then on, Bitcoin had a 'price'; the concept of blockchain began to gain traction.
The Bitcoin chain, as the earliest ancestor of blockchain, defined the core content of blockchain technology in the internet era with its value characteristics of 'decentralization, distribution, transparency, permissionless, fixed supply and anti-inflation, cryptographic security, and global accessibility'. The 'token' Bitcoin running on the Bitcoin chain acquired a price, thus making the Bitcoin chain a 'public chain of value'.
The Ethereum public chain that emerged in 2014, based on the basic characteristics defined by the Bitcoin public chain, expanded its functionality with 'open-source smart contract capabilities, the ability to develop decentralized applications on the chain, and faster and cheaper cross-border payment speeds', showcasing its practicality. Thus, the Ethereum chain became a public chain that can 'provide certain services for reality'.
The pai chain that emerged in 2019, starting from 'inclusive finance' and 'practically serving the real economy', has reconstructed its unique advantages based on Bitcoin and Ethereum.
1) Using mobile phones for mining requires no investment in special equipment, lowering the participation threshold; it allows digital currency, this digital asset, to be obtained and used for free, benefiting more ordinary people. Inclusive finance enables more people to enjoy more economic and financial opportunities.
2) Conduct KYC and KYB certifications for participants and enterprises to ensure the authenticity and reliability of participants and enterprises, while also adapting to regulatory requirements in different countries and regions, preventing illegal activities such as smuggling, fraud, and money laundering. This makes crypto wallets more secure, which is also a unique innovation of the pai chain.
3) The Nifans spent six years building their infrastructure and ecosystem, allowing any individual or enterprise to develop and expand practical functions on the chain. It covers various fields such as finance, e-commerce, gaming, and healthcare, reserving a window and space for thousands of enterprises to go on-chain in reality. One can start a business on the chain, and also shop, socialize, and entertain, truly realizing the value of the 'token'.
4) In theory, any computer can set up a pai node. This gives pai better scalability and more 'distributed' ledgers to record every transaction. More nodes make the network more secure and less susceptible to malicious attacks. At the same time, nodes can bring 'toll' income to individuals, increasing the chain's 'stickiness' and friendliness.
5) A multitude of widely distributed nodes increases transaction throughput and speeds up transaction speeds. Cross-border transactions can be completed in seconds, and transaction costs are low.
The greater advantage of blockchain is its greater value.
After launching the network, these advantages will gradually emerge. As one of the founders, Dr. Fan Chengdiao said during the network launch celebration, 'So, pioneers, let me say one last thing, do not let external noise disturb you. Focus on key matters, concentrate on things that can have an impact in the crypto field and even the world. Keep working hard, keep creating, and everything else will fall into place.'
Inclusive finance that truly serves the real economy is a significant matter that 'creates an impact in the crypto field and even the world'.
At that time, the only token on its chain will surely be 'hard to obtain'.
Now, why bother going to exchanges.
