Blockchain technology is a decentralized method of sending data that is fundamentally secure; each"block" of data is verified by a network of computers around the globe, assigned a unique identifier—or a"hash"—and added to the rest of the"blockchain."As co-founder and researcher of token economics for Nervos, Wang is one of the leading minds behind the drive to a global blockchain revolution.
Were you surprised with the reception that Nervos has gotten so far? You received $28 million in funding? Any type of new structure of this scale takes a lot of engineering, a lot of investment. We're grateful that we have great investors, but we also have to strike a balance in terms of supporting the interest of the public good and really become the neutral borderless, public and permissionless infrastructure for tomorrow's economy.We're really a global team. We have a lot of developers in China, but also in Japan, Europe and in the U.S. But we do have a big team in China.
Other ventures in blockchain have to make trade-offs along this continuum: scalability versus decentralization. We're trying to reconcile all the trade-offs. We use a layered approach. Our base layer makes no compromises in terms of decentralization, so it can be the anchor of trust for the entire ecosystem. Then we use a second layer for scalability.Yes, and we are one of the only blockchain companies that is doing a multi-asset store of value, too.
And if you're a fan of Japanese anime, you would probably get the hidden meaning of Nervos: it's related to a world-protecting organization, like Marvel's S.H.I.E.L.D.Everything is going to be open, permissionless and borderless. There won't be countries or jurisdictions. The mainstream adoption of blockchain technology will not see place its trust in any centralized parties, governments or institutions. Its infrastructure will power a more virtualized, digital world.