Customization Chain

Looking back at the development of chains in the past ten years, it can be roughly divided into three stages:

• The first stage was from 2013 to 2017. Imitating Ethereum and making micro-innovations in consensus technology and verification layers, many blockchain aimed to replace and surpass Ethereum to establish their own ecological barriers. Blockchain produced during this period include NEO, EOS, etc.

• The second stage was from 2018 to 2022. Many blockchain did not aim to replace Ethereum but were committed to better integration between chains. This period produced a batch of high-performance and low-cost chains with cross-chain and Layer2 technologies, represented by BSC, Solana, Avax, Cosmos, etc.

• The third stage started in 2023 (or earlier) and continues today. The concept of customized chains that are scenario-specific, highly characteristic, can meet specific needs, and have lower migration costs has emerged.

Fibonacci realizes that although blockchain such as Ethereum, Solana, and Polygon can scale to "tens of thousands per second" in simple scenarios, these throughput capabilities are only achieved in simple scenarios. For some large-scale transactions, complex technical architectures, and complex transactions, general-purpose chains currently cannot support them.

Ethereum is indeed excellent, and most people recognize it. However, Ethereum and other blockchains face a major challenge, namely the lack of customization. Of course, you can write and deploy smart contracts, but individual users or companies cannot truly adjust their consensus mechanisms, execution engines, and other infrastructure. After all, Ethereum has many users, and the rules cannot be changed arbitrarily.

To draw an analogy to the centralized world, the infrastructure that supports the New York Stock Exchange today is completely different from the infrastructure that supports Facebook, Instagram or Twitter - they have completely different architectures, tailored to support their respective large-scale applications.

The diversity of architectures in the real world shows that general-purpose chains must make some changes. Fibonacci believes that the development of customized chains is the only way for Web3.0 to shape the next-generation Internet. From the perspective of meeting the demand for large-scale applications of Web3.0, the continuous iteration of customized chains is of great significance to the Web3.0 world that needs to make major improvements in user experience.

The rise of customized chain solutions has a profound impact on the overall infrastructure landscape of Web3 and marks the arrival of the fourth generation of blockchain era. Customized chains separate the relationship between "chains" and "applications", bringing about a paradigm shift: from supply-side driven to demand-side driven model. Developers will no longer spend energy on complex underlying development but focus on developing customized applications. Application development will adopt a plug-and-play blockchain deployment solution that is simple, customizable, and cost-effective.