From the White Paper of Linkchain, we can see the value of Linkchain, the world's first commercial currency

Recently, Xiangyun Chain, created by Lianxiangyun Technology, officially released its white paper. The white paper states that Xiangyun Chain's vision is to build the world's first commercial public chain, aiming to provide a high-performance and secure blockchain infrastructure for shared computing and free trading scenarios with high privacy requirements. The white paper discloses in detail the birth background and innovative technical details of Xiangyun Chain, node election and community governance mechanisms, as well as important contents such as the long-term ecological construction plan and future development goals.

Linkchain is the public chain of the well-known digital token Linkchain, which has always attracted much attention. Recently, Linkchain has gradually completed a series of actions according to the plan, including launching Linkchain browser, opening up all node data, obtaining Philippine digital currency trading license and launching multiple trading platforms. Due to the complete release of liquidity, Linkchain has also changed its previous sluggish state and once soared by 400%.
Nevertheless, based on the information disclosed in the white paper, as well as the assessment of its track value and technical solutions, it can still be considered that the current value of Chainlink is still underestimated.
Hundreds of billions of market size and millions of ecosystem users
The white paper describes in detail for the first time the value of the track that Linkchain and LinkToken are in. The white paper points out that in the era of the Internet of Things and 5G, the massive data brought by smart terminals will grow exponentially, bringing many challenges to the cloud computing industry. Linkchain integrates the model of blockchain and shared computing, hitting the pain points of the traditional centralized cloud service industry, and is expected to become a strong rival to AWS.

In 2018, the global cloud computing industry was worth $272 billion, and authoritative organizations predict that this figure will grow to $623.3 billion in 2023. Cloud computing is undoubtedly one of the fastest growing fields in the next few years. Linkchain uses Linkchain as an incentive tool to construct a widely distributed, low-cost, high-performance computing resource sharing model through users sharing idle bandwidth and storage resources. After years of practice, it has become one of the world's most outstanding blockchain business application models. In the future, the shared computing ecosystem based on Linkchain will be committed to serving at least 90% of Internet products, forming a business ecosystem that can replace traditional cloud service providers such as Amazon Cloud and Google Cloud.
The white paper points out that in the future, a large number of innovative hardware devices will be added to the shared computing ecosystem based on Chainlink; in terms of commercial realization, various services such as cloud storage, edge computing, network acceleration, content distribution, etc. will be used to realize the three-dimensional business model, and the vision of replacing traditional cloud services will be realized in a wider range of landing scenarios. By then, whether it is computing power, storage space, privacy protection, or other functions, they will all be realized through the service system built by Chainlink, sharing the dividends of shared computing with all walks of life. In the end, the project party will also continuously feed back the commercial value from various industries to the Chainlink system. At present, Chainlink's exchange platform, Chainlink Mall, has nearly 400 corporate merchants settled in, and the product coverage covers more than ten categories such as daily necessities, kitchenware, mobile phones, home appliances, education reading, video membership, etc., and nearly 2,000 types of redeemable goods.

Therefore, in the long run, the appreciation of Chainlink is inevitable, with sufficient application scenarios and value support. In other words, every sharing and use of shared computing resources represents the application of the value of Chainlink. As one of the few utility tokens issued globally by Chinese companies, Chainlink has set a record of 80 times increase in more than 40 days, tens of millions of daily transactions, tens of millions of daily transactions, and a total number of users exceeding one million. With the growth of the shared computing ecosystem, the value of Chainlink will also be maximized in this field, releasing unprecedented huge energy. Millions of Chainlink users will be the largest users and beneficiaries of edge computing.
High-performance, high-privacy commercial public chain
Large-scale application scenarios such as shared computing also put forward higher requirements on the performance of blockchain public chains. As we all know, existing blockchain technology still has a series of problems such as performance, privacy protection, and trust from off-chain to on-chain, which hinder its widespread application. From the white paper of the Linkchain, it can be seen that it is committed to creating high-performance and high-privacy public chain technology through multiple technological innovations. Therefore, it is not difficult to understand why Linkchain wants to build the "world's first commercial public chain."

In terms of consensus algorithm, LinkChain uses EBFT (Electional BFT) algorithm. Compared with the common PoW or PoS consensus mechanism of other public chains, this is a consensus algorithm with strong consistency (no soft fork), fast confirmation (no need to delay several blocks for confirmation) and high throughput. Transactions can be confirmed within 1-3 seconds. Recently, public chains with high performance as the goal all use BFT algorithms. From the description in the white paper, LinkChain's single-chain performance should be comparable to EOS.
Privacy protection is also a topic of great concern to more and more blockchain application developers, especially commercial developers. LinkChain solves the problem of anonymous transactions by using the ring signature and Bulletproofs cryptographic algorithm derived from Monero to ensure that both parties of the transaction can hide their account addresses and transaction amounts, and ensure that the transaction data is unrelated and untraceable.
In addition, with the popularization of the token economy, the demand for the conversion of multiple digital assets is becoming increasingly strong. LinkChain supports multiple digital asset manager account models, and supports both Account and UTXO account models. In other words, all your Bitcoin, Ethereum, and other digital currencies can be transferred to LinkChain across chains, and have the same status as its native LinkToken - directly maintaining and managing in the underlying account model, executing public or private transactions, and enjoying high-performance privacy protection and decentralized exchanges and other one-stop services.
In our previous understanding of blockchain, we believed that the decentralized and anonymous system on the blockchain had nothing to do with the credit system. However, this also greatly limited the application scenarios of blockchain. LinkChain pioneered a credit scoring mechanism to solve the credit conversion problem on and off the chain, making the entire ecosystem more complete, which is also not available in other public chains.
From a technical point of view, Linkchain has more powerful performance and more complete functions. It has developed many unique technologies for use in commercial scenarios. It is not inferior to many old public chains, and even better, and has a great latecomer advantage. This has also laid a good foundation for the prosperity and development of its application ecology, and will further promote the value space of Linkchain.
For example, the offline new retail blockchain application "Super Benefit" based on the Linkchain can be regarded as a blockchain version of the merchant universal points system, and Linklink is the handling fee for payment and transfer of consumption points. From this, we can also see that the general direction of Linklink's application scenarios in the future is the on-chain application spawned by this offline physical consumption scenario.
Overseas blockchain media GLOBALCOIN REPORT once wrote that whether from the perspective of main network performance, user base or application scenarios, Chainlink already has the strength to compete with EOS, and may even become a strong rival to Bitcoin. From the perspective of actual circulation, compared with EOS and Bitcoin, the value of Chainlink is obviously underestimated.
In short, the technical architecture and development progress of Linkchain disclosed in the white paper, as well as the status and role of Linkchain in its system, and the current development and market size of shared computing, provide the most powerful guarantee for the certainty of Linkchain's value. Linkchain's long-term planning for off-chain physical business scenarios and the gradual implementation of its ecological landscape have given Linkchain's value a strong growth potential. Based on these two points, in connection with the performance of similar public chains on the market, it can be confirmed that the upper limit of Linkchain's commercial value is far more than this. It is reported that Linkchain will start recruiting global nodes today to create a more complete community ecology. Whether Linkchain can return to a more reasonable value space, we will wait and see.

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