Rebirth of England.

Chapter 797 Kolo's Preparation

As we all know, the main features of BitC or blockchain are decentralization, traceability and anonymity.

Decentralization means that the information in the blockchain is not stored centrally like traditional centralized data, but all participating members can make complete records, so that the data is tamper-proof.

For example, users’ bank account information is stored on the bank’s server. In fact, the bank has the authority to unilaterally modify your account information.

When using the decentralized storage of blockchain, every user can keep accounts, and if a single storage is tampered with, it can be immediately discovered during the "reconciliation".

This is why blockchain technology is too advanced compared to the current hardware level...

Because let alone some information that needs to be recorded using blockchain technology, even if it is just BitC's various transfers and user account information, as time goes by, it will not be possible for ordinary users' computers to store it. As time accumulates, it will be more and more huge data, taking up a considerable amount of storage space.

Therefore, after discovering this problem, many blockchain projects can only settle for the second best, and let some larger institutions or companies participate. Instead of every user storing data, some powerful "nodes" are allowed to complete the storage of information. These "nodes" can get the reward of bookkeeping, that is, a part of the coins...

In addition, the account status of all BitC accounts, including transfer records, are publicly available.

In Barron's previous life, after Satoshi Nakamoto disappeared and BitC had gained considerable recognition and had a relatively high value, many people found accounts holding a large amount of BitC through inquiries (such accounts are often called whales). Some of these accounts were created very early and have never conducted any transfer transactions. They are believed to be owned by Satoshi Nakamoto, the founder of BitC.

After Satoshi Nakamoto "disappeared", these accounts hardly transferred any assets until Barron's rebirth.

It is conceivable that at that time, how many people around the world were monitoring these accounts - after all, these accounts contained a large amount of BitC, and once they were sold, it would naturally cause great volatility in the price of BitC.

It is also because these accounts have almost been "sealed" and have not been used again, so many people suspect that Satoshi Nakamoto may no longer be alive...

After all, if the price of BitC is $7 per coin, 110 million BitCs are worth $770 billion. It is hard for anyone with such a large fortune to say that they will not touch any of it. Even if they are afraid that selling too much will cause BitC to collapse, with the extremely high daily trading volume of BitC in the future, selling a portion of it will not have much impact...

Now, Barron also has the opportunity to solve this mystery. What happened that made Satoshi Nakamoto suddenly ignore such a magical thing as BitC after creating it?
Barron also had other purposes for taking such an action.

For example, let Koro become one of the centers of global blockchain, or more specifically, digital currency...

If we only look at the numbers, even when the price of BitC is at its highest in the future, based on its total supply of 2100 million pieces, its total market value will be less than 1.5 trillion US dollars (not to mention that there are still many that have not been mined at that time, and a large number of BitCs have been "sealed" forever because early holders did not pay attention to them and lost their private keys). The total market value of gold is more than 7.5 trillion.

So the difference between the two is huge...

However, the scale of all industries involved in the Bitcoin industry, including Bitcoin mining machines, related exchanges (in addition to spot transactions, there are also derivative contracts and other transactions), and the research and development and investment of various emerging projects, is still very considerable. And it is not just China. Even in regions where the policies in this regard are not so strict, supervision has always existed - for example, the US Securities and Exchange Commission (SEC) has been issuing various fines to many related projects.

Therefore, if Khloe can be relatively friendly to these projects in this regard, it is still very likely that she will get a considerable share of the pie in the entire industry.

It is like in the future, after China tightens relevant regulations, a large number of projects will go overseas to Lijiaopo, Dubai and other regions that are relatively friendly to this policy.

The reason why Barron initially chose Kolo as his "base" was not only because of the "chance" of the Protector Military Service Company, but also because Kolo did have a good geographical location in West Africa. It had the best port in West Africa, Port Loti, and its land area and population were not ranked high in West Africa, or even in the whole of Africa, so it was not very eye-catching...

Barron's original plan for Kolo was to focus on trade and finance. Later, after the offshore oil fields were discovered, energy-related industries were added...

But in the case of Africa, where finance is constrained by the instability of many countries, it is still possible for Kolo to become one of the financial centers in the whole of West Africa, and even in Africa.

Given Kolo's situation, it's already good enough to be able to reach this point.

Don’t think that India seems to be bad in every aspect. That is because compared with China, India has been made into a “bad student” by being outdone by the “excellent students”.

But how about India compared to Africa...

Why does the West always give so much help to India, and even China's situation can only be envied compared to it?

It is nothing more than hoping that such a vast market as India can be developed and have a population size comparable to that of China. As long as it can reach half of China's GDP, it will also be able to bring about a huge market that is coveted enough.

As for why they chose India instead of Africa among developing countries?

It's very simple. Compared with China, India is beaten in all aspects, but compared with other developing countries in the world, India is still the most promising one...

Therefore, located in such a "uniquely blessed" region, it is too difficult for Colo to become a global financial center like Hua Xia HK or Lijiaopo. Barron's can only let it find its own way and increase its investment in blockchain.

This can be regarded as Barron's early layout for the future. In May last year, the famous incident of using 5 BitC to buy two pizzas just happened. It was not until 10000 that BitC began to show a wealth effect and had a certain transaction volume. It was not until later that blockchain was taken seriously on a larger scale.

Until then, Khloe just needs to be prepared.

(End of this chapter)