Mole Protocol issued an official announcement stating that a bottleneck that has long hindered the further development of blockchain is the massive consumption of resources caused by distributed storage and computing methods. This makes the blockchain performance insufficient and poor scalability. Our researchers analyzed recent blockchain technology and proved that the potential of the widely adopted consensus-based blockchain expansion is severely limited, especially in the era when the current hardware expansion based on Moore’s Law is about to end.
As we all know, the core content of Moore’s Law is that the number of transistors that can be accommodated on an integrated circuit will double every 18 months. In other words, the performance of the processor doubles every two years. Moore’s Law used to grow 10 times every 5 years and 100 times every 10 years. Today, Moore’s Law can only increase by a few percentage points every year, perhaps only twice every 10 years. To promote application programs to run faster can not only rely on the chip, but need to redesign the entire stack, algorithm, software and processor. So in a sense, Moore’s Law is over.
Mole Protocol believes that Moore’s Law in the semiconductor field is “Narrow Moore’s Law”, and the multiplication relationship existing in other fields is called “General Mole’s Law”. If one day semiconductor silicon technology is replaced by other more advanced technologies, ” “Narrow Moore’s Law” may disappear, while “General Moore’s Law” will exist for a long time. By using blockchain technology to create an open Internet financial platform, the economic myth of Moore’s Law on the Internet can be reproduced, and the traditional operation mode of consumer finance can be completely subverted. Taking consumer loans as an example, traditional financial institutions such as banks mainly obtain customers offline, which is difficult to standardize, low efficiency, and low user coverage. This has also caused consumer finance to be ignored by traditional financial institutions for a long time and is far less popular than institutional business. However, some Internet companies are clearly using the Internet and financial technology to rapidly subvert the tradition, and have realized credit factories with fewer team sizes and business outlets.
Mole Protocol also proposed the effective expansion of blockchain in the financial field, including a new generation of artificial intelligence decentralized distributed finance (DeFi) ecological platform based on blockchain.
Mole Protocol is one of the leading DeFi protocols. Currently, it has aggregated Ethereum, Huobi Eco-Chain (heco), Binance Smart Chain (BSC), Polygon (Matic) known as Indian Ethereum, and high-performance public chain Solana (SOL). ) The five smart contract public chains are one of the few DeFi projects that have truly realized the five-chain cross-chain aggregation among all the current DeFi projects. Mole Protocol is committed to building a decentralized wallet, lending, financing, decentralized exchange, oracle machine, asset management broker and other Defi technology facilities integrated and cross-chain financial technology service ecology on the basis of multi-chain aggregation.
Mole Protocol describes itself as the first agreement to provide multi-chain aggregate financial ecosystem services to protect DeFi projects and investors.