The Dilemma of Shared Resources in the Blockchain Industry and Solutions for Breakthroughs

Recently, the internal testing of the central bank's digital currency DCEP has attracted widespread attention from the market, and the cryptocurrency circle has also reacted enthusiastically to it. However, there is no direct connection between DCEP and cryptocurrencies. DCEP is a fiat digital currency anchored 1:1 to the Renminbi, lacking speculative space and cannot be directly exchanged for Bitcoin. Although DCEP borrows some Blockchain technologies, such as smart contracts and asymmetric encryption, its essence remains a centralized fiat digital currency.

Currently, the country is orderly promoting the digital economy revolution, while the cryptocurrency industry is still engaged in a battle for existing market share. New traders, miners, trading platforms, financial derivatives, and blockchain projects are continuously emerging in the industry, but the limited space of the cryptocurrency industry is facing the "tragedy of the commons."

The "Tragedy of the Commons" theory points out that limited resources can be overexploited due to unrestricted usage. Each individual tries to maximize their available resources, ultimately leading to resource depletion and harming the interests of all. This phenomenon frequently occurs in the cryptocurrency industry.

The trading platform is facing the dilemma of a limited user base. To attract users, various platforms have launched high-leverage futures, options, and other derivatives, but this has also increased the risks for users. In the stagnant market, the vicious competition among trading platforms is intensifying, which may accelerate user loss.

The mining community is about to welcome the Bitcoin block reward halving, but the hash rate continues to rise. As the price of Bitcoin drops, more and more miners are facing the risk of shutting down. Mining has become a game for giants, and small miners are gradually withdrawing.

Although public chain projects occupy a leading position in market value, their actual applications are scarce. Traditional technology giants are actively laying out blockchain, and in the applications of invoicing, healthcare, traceability, etc., traditional public chains seem to be marginalized.

In the face of these challenges, the industry needs to find a breakthrough. Trading platforms should focus on promoting Blockchain and digital currency innovations, establishing industry standards, and enhancing user education. At the same time, they should actively embrace regulation to attract more traditional investment institutions to participate.

Mining needs to form a self-discipline consensus to prevent risks such as 51% attacks. Public chain projects should focus on application scenarios, enhance technical capabilities, and strengthen ecological construction and talent training.

The blockchain and cryptocurrency industry is still in the exploratory stage. During the trial and error process, the industry needs to adhere to the concept of sustainable development and avoid collectively collapsing before dawn arrives. Only through continuous innovation and regulated development can the industry truly achieve long-term growth.