Relevant words in this article: "Hash future" (answering the question of who is the hash world, where does it come from, and where is it going), "on-chain assets" (answering the question of the value of hash land), “Those things” (looking ahead to the future of hashing).

1. First, let’s talk about the “future of hashing”.

In the current blockchain landscape, compared to most public chains floating in the sky on the market, hashing is a very obvious application chain in the future.

The difficulty of the public chain is that it requires extremely strong technical support, application development and public knowledge mechanisms to survive; the easy part of the public chain is that it is easy to fool and make money quickly, as long as you talk sharply, Get some media and funds, and a PPT can fly into the sky. This article will not comment on the positive and negative examples of public chains. You can make your own judgment.

The application chain is very different from the public chain. Application chains must have planning, scenarios, crowds, and upstream and downstream support to be possible. Compared with public chains, application chains alone are not enough to have PPT. Because the user experience with the application is real.

So the question is, what is the future of hashing?

According to the "Hash Future White Paper", "As a platform and bridge connecting the physical world and the digital world, the goal of Hash Future is to solve the digital assets problems faced by people in the current digital era. "Hash World combines the institutional crystallization of asset rights confirmation and circulation in human history with the development pulse of the digital age to create an emerging blockchain digital asset confirmation that is a trinity of protocol layer, technology layer, and application layer. rights, circulation, and trading platform.”

Brief summary: The future application of hash lies in the use of asset/commodity on-chain and cross-chain technology to confirm ownership, trade or transfer.

In the above paragraph, words such as rights confirmation, transaction system, three technical layers, on-chain, cross-chain, etc., each word can raise a lot of questions and solutions. , you can write a paper. In practice, there are already a few pioneers in the domestic market that are putting assets on the chain, but unfortunately, no one has yet launched a practical application.

In the process of blockchainization, domestic enterprises generally fall into two categories. One type is to upload it to the chain first and then upload it to the application. Another type is to upload the application first and then upload it to the chain. At least for now, the former category is as visible and unavailable as a beautiful castle in the air (as shown in the picture below, ecologicalization is the opposite of ecological painting), while the latter category is as persistent as the tortoise in the tortoise and the hare race.

At this point, it’s clear that the future of hashing belongs to the latter. Although Hash is a latecomer in the future, it has already explored a channel for assets to be on-chain and cross-chain through the hash world, and has done a lot of work on legal support and offline operations. In the future, on-chain/cross-chain technology will be Expand to many other asset areas. I have to say that Hash is doing things step by step, not just doing PPT.

2. Important “on-chain assets”

As mentioned above, “Hash World” is the most important on-chain asset of “Hash Future”. So, what exactly is the “Hash World” asset? What’s the future of “Hashworld”?

"Hash World" is the most important virtual asset in the future of hash. The beginning of the period is an important experiment for hashing to run through the on-chain/cross-chain channel in the future. After the success of the "Hash World" experiment, Hash needs to expand many physical asset types into Hash's future on-chain/cross-chain territory. These types of physical assets include jewelry and jade, cultural toys, calligraphy and paintings, overseas land, etc.

So, here is a question that everyone is concerned about - is the virtual asset of hash land in the "Hash World" valuable? How much is it worth? What does the future hold?

The initial virtual assets mainly refer to game currency, online game accounts, equipment, etc. These virtual assets use games as the basic knowledge and are traded among players.

Today’s virtual assets mainly refer to BTC, which is more accurately called encrypted digital assets.

BTC relies on strong POW knowledge, miner maintenance and community building to reach the current market value of more than 900 billion in the past ten years.

So will the hash land of "Hash World" have the same glory in the future? Hash Land is a virtual asset based on Ethereum ERC-721 technology and is officially traded with HSC.

Hashland is different from other ERC-721 based digital games on the market such as CryptoKitties. The hash land in the hash world has cash flow, expected income, game attributes, on-chain and cross-chain technology, application prospects, and a trading market. The future application prospects of hash land - such as advertising investment, online and offline interconnection, etc. If you want to draw a PPT to talk about it, you can also write a separate paper and skip this article. The current characteristics of Hashland are all in line with the basic attributes of assets in investment science.

So, how is hash land valued as an asset? Blockchain assets are not suitable for traditional CAPM (Capital Asset Pricing Model), securities market PE/PB valuation, corporate cash flow and other valuation models. Blockchain is a system of production relations, and it is more suitable to use the "Fisher model", a macroeconomic model that calculates token supply, circulation, prices and the total transaction volume of various assets/commodities, for valuation.

The expression of "Fisher model" is: MV = PQ

M: In an economy, the average supply of money (in digital currency, represents the supply of Token );

V: The circulation velocity of currency (or Token);

P: The price of currency (or Token);

Q: Various types of assets/ The total transaction volume of the commodity.

Then, P= MV/Q

Under the assumption of unified *** consciousness (that is, the free exchange of hash land and HSC, HSC and various assets/commodities of free convertibility), the valuation of hash land assets = the market value of HSC = the value of all applications based on HSC. It is known that the total number of HSCs is 50 billion, and the hash land creation land is 4,000 pieces. What is unknown is the future circulation speed of HSC and how many assets/commodities will be put on the chain in the future. Everyone can bring in the variables to calculate the value of the hash land.

3. Let’s talk about “those things” by extension

Whether the type of asset is physical, virtual, or digital actually has nothing to do with the value of the asset or even an HSC. . Whether it is an asset and whether it is valuable is only related to the knowledge formed by the asset. In the history of human civilization, shells, stones, glass, gold, etc. have all served as general equivalent assets for circulation, and there are even more other items that have been the subject of assets. Among these assets, the most common one is gold, and BTC has a tendency to replace it.

In the blockchain revolution in production relations, production relations will truly become the primary productive force. Which chain gathers more resources, the greater the political consciousness it forms. After creating the hash world, Hash Future needs to use the hash world as a foundation to expand its knowledge as much as possible to cover various assets/commodities. When the trees reach the sky and your hair reaches your waist, look at the hash future and say "Hello Future, This is my World"