Bitcoin, as the beginning of everything, has successfully defined a new paradigm of value storage since the Genesis block, becoming a true digital gold and completing a growth from zero to $100,000. As a peer-to-peer cash system, Bitcoin has also changed the paradigm of value transmission to a certain extent, as Bitcoin can be transferred from one location to any location in the world in a peer-to-peer manner.
But the wheels of the times will not stop. In terms of value transmission, we can see that Bitcoin still faces bottlenecks such as slow speed, high fees, and poor interoperability. However, if we look at it from the perspective of mass adoption, we find that although Ethereum has improved efficiency through smart contracts and scaling solutions, and emerging public chains like Solana have made progress in speed and scalability, and cross-chain protocols like Cosmos and Polkadot have taken important steps to break the isolation, the entire industry still has not achieved a breakthrough change.
The transfer of assets across different chains is still very complex, and different chains, or even different L2s, represent different value systems. Imagine if the transmission of on-chain value was as simple as sending an email, what would this industry look like?
To connect different value systems, what we need is not a bridge, but a bottom layer, a global Web 3.0 infrastructure:
Openverse: Becoming the L0 for All Values
In the Metaverse era, the previous centralized Internet paradigm (Web 2.0) will slowly evolve into a new decentralized Internet, where user-created digital assets will be clearly controlled by users. However, the current Metaverse and NFTs are mostly closed, and users can only enjoy decentralized freedom within the ecosystems provided by different projects. If users want to migrate assets outside the ecosystem, they still face the dilemma of the Web 2.0 era. Therefore, we need a global Web 3.0 infrastructure, to become the bottom layer for all values, the L0 for all values, to interconnect different blockchains, and to extend the dream of Bitcoin's peer-to-peer cash transfer to the peer-to-peer transfer of all values that can be carried on the blockchain.
Why Build the Bottom-Layer Infrastructure?
Openverse innovatively proposes the concept of "fully open protocol cross-chain", aiming to connect the assets of the underlying blockchains. Why position it as such a bottom-layer infrastructure?
There are few truly Layer 0 projects in the current market:
Avalanche (AVAX) partially involves the concept of Layer 0 in its design, but mainly focuses on single-chain performance optimization and has not touched the underlying logic of the value transmission paradigm. Even so, its price has soared from $3 in 2020 to a peak of $146, with an average increase of 48 times. Polkadot (DOT) tries to connect multiple blockchain networks through the design of relay chains and parallel chains, but the large number of new chains has largely dispersed liquidity, making it difficult to transmit on-chain value. However, DOT has risen from $2.9 at its launch in 2020 to a high of $55, with an average increase of over 19 times. Cosmos (ATOM) has proposed the Inter-Blockchain Communication (IBC) protocol and has become an important player in the cross-chain race, but has never considered the solution to the core problem of value transmission from the perspective of bottom-layer infrastructure. ATOM has risen from around $2 when it was first traded in 2019 to a stage high of $44, with an average increase of about 22 times.
Referring to the positioning and market capitalization of the above projects, we can find that the positioning of Openverse is more unique, as a thorough bottom-layer infrastructure that will solve the core problems of performance, interoperability and value transmission. By providing standardized protocols (Openverse has innovatively proposed protocol systems such as the "BitCurrency VRC10 Protocol", the "Private Currency VRC110 Protocol" and the "Pledged Gold Minting Currency Mechanism PCIM" to meet universal needs), reducing development costs, and simplifying asset transfers, our structure is open and free access is our underlying logic. Only a true Web 3.0 landscape can create the exchange center and hub for value exchange.
The industry framework of Openverse is as follows:
At a time when no one has really touched the core issue of value transmission, the potential influence of Openverse's ecosystem is huge. The 50-fold increase in AVAX, which partially embodies the Layer 0 concept, is just the first step, and 100-fold increase will be our starting point. The ecosystem potential of the bottom-layer infrastructure is limitless.
What Does the Change in the Value Transmission Paradigm Mean?
The protocol-based cross-chain solution without cross-chain bridges means a new category of protocols and a huge decentralized value exchange market that the market has never had before. In the new bottom-layer market, value will be freely decentralized and exchanged. We have developed bottom-layer protocols based on value transmission for the following major asset categories:
1.Pancake: Common Tokens VRC20/721 - Existing smart contract tokens and NFTs can be easily integrated into Openverse's bottom-layer network, supporting consumption scenarios and virtual asset trading within the Metaverse.
2.Foreign Exchange Market: BitCurrency VRC10 - Supports decentralized global foreign exchange trading, completely breaking down the barriers of the traditional foreign exchange market, and enabling instant, low-cost seamless value transmission between currencies.
3.USDTs: Private Currency VRC11 - Provides support for enterprises, organizations, and even individuals to create their own dedicated stablecoins. These private currencies not only can achieve asset isolation, but also can circulate flexibly in different ecosystems to meet diverse business needs.
4.Stock Market: BitSecurities VRC12 - Allows securities companies and financial institutions to issue stocks and securities by pledging BitGold, supporting the on-chain mapping and trading of real assets, and injecting decentralized and transparent momentum into the capital market.
5.Decentralized Exchange: OpenSwap - Openverse's built-in decentralized exchange protocol, supporting the decentralized exchange of various asset forms from tokens to private currencies, from stocks to BitCurrencies. Users can quickly complete on-chain transactions without third-party intermediaries.
The bottom-layer infrastructure based on value transmission does not target the entire market as mentioned above, but more refined needs: as long as there is a demand for cross-chain value transmission or the on-chain transmission of real assets in the above market segments, we will serve them. In the coming Metaverse era, this demand will grow together with the Openverse ecosystem, and at the bottom of the above blueprint, BitGold, as the global asset master coin, can be minted into various secondary assets such as BitFiat, monetary securities, universal tokens, and time-space tokens through pledging, just like the gold standard of the new era banking, BitGold will be the witness of the changing times.
The Future of Openverse, the Opportunity of Paradigm Shift
Openverse is reshaping the global economic rules in an unprecedented way. It not only extends the dream of Bitcoin, but also provides a clearer value transmission paradigm at the bottom layer of the blueprint for the value Internet. Through innovative layered asset structure and a comprehensive protocol ecosystem, Openverse provides a fair, efficient and secure decentralized value transmission model for individuals and enterprises around the world.
In the future, Openverse will not only be the value hub of the blockchain network, but also the bridge connecting the Metaverse, the traditional economy, and the new Web 3.0 ecosystem. We will witness the explosive growth of DeFi, NFT, GameFi and real asset tokenization (RWA) in the Openverse ecosystem. Whether it is global economic cooperation or the redefinition of personal wealth, Openverse will use the power of decentralization to drive deeper connections between more people and technology.
Trong Openverse, Bitgold sẽ chứng kiến mọi thứ ở tầng cơ sở, đây là Bit vàng kỷ nguyên mới, thuộc về kỷ nguyên của sự kết nối giá trị, cầm cố Bitgold không chỉ là ôm ấp một cuộc cách mạng công nghệ, mà còn là tham gia vào một câu chuyện tương lai về tự do tài chính và công bằng kinh tế toàn cầu. Trong tương lai này, mỗi Bitgold đều đại diện cho một quyền bầu cử tiến tới tương lai, ngoại hối, tiền tệ, cổ phiếu, bất kỳ phân khúc thị trường nào cũng sẽ mang lại sự tăng trưởng gấp trăm lần cho Bitgold, đây chính là phạm vi rộng lớn của cơ sở hạ tầng cơ bản!"Mọi người nên sở hữu và cầm cố một số Bitgold, đây là hộ chiếu của kỷ nguyên kết nối giá trị, là bảo hiểm để chúng ta không bỏ lỡ kỷ nguyên mới!"
