Domestic Public Chain Void: A Battle for the "Blockchain Highway" That Cannot Be Lost

Author: Divine Grace

Without its own public chain, issuing a digital RMB stablecoin is like driving a car on someone else's highway, and it could be "choked" at any moment!

Recently, a report by Caixin has caused a stir in the community! Several insiders have bluntly stated: China currently does not have a public chain that has global influence! This statement sounds a bit painful, but it is the harsh reality.

What is a public chain? You can think of it as the "public highway" in the blockchain world. Just like anyone can drive on a highway in real life, a public chain is an open, transparent blockchain infrastructure that anyone can use. And nowadays, the popular stablecoins must run on this "highway" to be issued and circulated.

Why are public chains so important?

"Stablecoins must be issued on public chains, but the current issue is that we do not have a viable public chain, whether in Hong Kong or the mainland!"

Think about it, if we issue a digital RMB stablecoin but have to rely on American public chains (such as Ethereum, Solana, etc.), what kind of situation would that be?

It's like we have built a top-tier sports car, but can only drive it on someone else's highway! Once the relationship between China and the U.S. becomes tense, the other side could set up barriers, impose speed limits, or even directly "block the road"—our stablecoin business could be paralyzed in an instant! This risk of being "choked off" is by no means an exaggeration given the current international situation.

Therefore, the conclusion is clear: China must have its own public chain! And it must be fast!

How to build? Insiders have provided a clear roadmap - Layered construction, each with its own responsibilities:

1. National-level Backbone Public Chain: Led by State-owned Enterprises, the National Team Takes Action! This is the "artery" of digital finance, which must be independently controllable, safe, and efficient. Imagine that in the future, the stablecoin system of digital RMB and national-level financial infrastructure will all operate on this "super highway." Led by state-owned enterprises, ensuring that the core lifeline is firmly held in our own hands.
2. Industry-level Public Chains: Open Competition, Market Decides! For example, in vertical fields such as supply chain finance, cross-border trade, and healthcare, market competition mechanisms can be introduced. Whoever can provide better performance, lower costs, and superior experiences will emerge victorious. A hundred flowers bloom, stimulating innovative vitality.
3. Scenario-level public chains: Completely open, fully competitive! For more segmented application scenarios (such as a specific game ecosystem or a specific community governance), completely leave it to the market, allowing innovation to grow freely.

The blueprint is beautiful, but the challenges are immense

• Technical Issues:

A public chain is not simply about "building a road"; it requires extremely high performance (processing tens of thousands of transactions per second?), strong security (to resist hacker attacks?), and good scalability (what if there is explosive growth in business in the future?). These are all world-class technical challenges.

• Ecological Concern:

No matter how powerful a public chain is, without developers building applications (DApps) on it and users utilizing them, it is just an "empty road." How can we attract developers and users from around the world? How can we build a thriving ecosystem? This is more challenging than the technology itself.

• Competitive Relationship:

Internationally, public chains like Ethereum and Solana have already taken the lead, with mature ecosystems and established user habits. How can our public chain catch up? How can we carve out a path in the fierce international competition?

A "New Infrastructure" Concerning Financial Sovereignty

Building an independent and controllable public chain is not merely a technical issue, but a national strategy that concerns the discourse power and financial security of the future digital financial era!

We look forward to:

• The national team (central state-owned enterprises) can achieve breakthroughs in core technologies on the national-level main chain

Build a truly secure, efficient, and autonomous "financial artery."

• Market vitality can be fully released in the industry chain and scenario chain

Attracting countless entrepreneurs and developers to participate, forming a prosperous scene of "thousand chains competing to launch."

• China's public chains can actively participate in the formulation of international standards

In the future global blockchain competition, occupy a favorable position and no longer be constrained by others.

Without our own public chain, there is no true autonomy in digital finance. China cannot be absent from this battle for the "blockchain highway" and cannot afford to lose! From national backbone chains to industry application chains, a top-down, layered advancement of blockchain "new infrastructure" is being launched!