|https://www.token2049.com/Rong Chen will be at Token2049 in Hong Kong where he will be on a panel called, “The Decentralized Future: Interoperability and Scalability,” with representatives from Aion, Wanchain, Celer Network, and ICON. For more information:
Feng Han on Elastos Talk
Feng Han spoke on Elastos Talk. Here is an excerpt:
Today, I will share with everyone “The Basis for Elastos Raising the Flag of The Modern Internet.”
1. My Connection with Elastos
In 2016, I had a chance meeting with Rong Chen in Shanghai, when we met up to discuss blockchain. At the time, we intended to discuss Ethereum and as he gave me a clear and concise explanation of the shortcomings of the Ethereum architecture design, my first impression was that Rong certainly deserved his reputation as an IT big shot. He said clearly that although Ethereum is a Turing complete global computer, its millions of mining computers recording distributed ledgers is not very efficient. The distributed blockchain has obtained trust by sacrificing efficiency, but running DApps on the blockchain would be very difficult.
But Elastos is designed so that virtual machines and sandboxing are off-chain, protecting user data and rights through various mechanisms, such as data sandboxing and P2P communication networks, achieving “computation orthogonal to communication.” This ensures that the network is separated from viruses.
In reality, any app on today’s internet could be a virus. There is no security or privacy which protects trust. In this way, user data is completely exposed on the internet and basically serves large-scale internet giants. At that time, we talked about the how the Elastos protocol can solve the shortcomings of the Ethereum system design by taking trust beyond just the blockchain and expanding it to the entire internet. This suddenly made me so happy, not only for the Elastos enterprise, but also because it inspired new thoughts in me beyond current blockchain technology. What Elastos is doing is solving the basic rights and privileges of netizens from all over the world, which is extremely meaningful, and could even transform the major undertakings of the internet in the future–based on the Smartweb Powered by Blockchain.
2. Modern Internet’s Global Consensus
At the time, the word “Smartweb” was still a very abstract concept for regular people. How could the benefits of Elastos be embodied and combined with blockchain? At the time, we suggested a Smartweb Powered by Blockchain. This can be directly translated into a “smart browser,” and we worked hard to popularize it after the community was established. The English-speaking community made many videos about the project. Then, in the second half of 2018, Elastos released a video called “The Modern Internet.” I myself have watched this video many times. It explains the concept of Elastos so thoroughly and captures the essence of the Modern Internet so well that I always am inspired by it. I am continually pleased at the strength of the community’s ability to summarize the Elastos concept so well, especially that of the Modern Internet.
There have been several meetups organized around this new internet. In fact, I was truly gratified by the fact that many world-famous projects want to talk about the Modern Internet. Among those are the “Father of The Internet,” Tim Berners-Lee. He said that he wanted to start his own revolution and pointed out the many problems with the first generation of the internet, whose views were in line with those of Rong Chen.
3. Elastos Taking Responsibility for The Modern Internet
I believe that Elastos should assume responsibility for raising the flag of the Modern Internet. Many problems with the old internet have been exposed, especially things like the scandalous Facebook leak of private user information. Elastos combined with blockchain will be able to solve these problems. Most of you may know that right now I am based in the United States doing research and in December, I returned to China, going to Macao, Hong Kong, Taiwan, Hainan Province, Beijing, Shijiazhuang, and Hangzhou to share the concept of the “Modern Internet.”
When I was in Hainan, I happened to meet Jim Rogers, a partner in the Soros Quantum Fund and someone who I truly idolize. He awarded me with the Award for Outstanding Person in Blockchain. We discussed the vision for the Modern Internet and how to give everyone access to their own wealth, about which he had nothing but good things to say. Something else that has made me feel gratified is the progress with Manhattan Project. We recently helped create a partnership between Top Network and Elastos.
Next, I will be wholeheartedly researching industry trends and accumulating more resources with the hopes of expanding the Modern Internet to the whole world. The vision of a Modern Internet which only relies on developers is not enough and solely relying on Elastos is insufficient. In the future the power of blockchain will create the Modern Internet, a closed loop formed of safety and trust, transforming personal data into wealth. And who wouldn’t want that? I hope that Elastos will raise the flag of the Modern Internet and hope to see more reliable teams participating in this together with Elastos, so that everyone can look forward to the day when a great internet arrives.