Blockchain developer Cheolwoo Lee (5)
– Korean drug offenders have been arrested in droves. They distributed about KRW 100 billion of Korean currency… … .
– The International Criminal Investigation Organization explained that the decisive reason for their arrest was the use of a new tracking algorithm created by Mr. Lee Cheol-woo.
Dr. Nam Soo-hyeok, who is famous for his robotics in Korea, was watching the news.
‘Lee Cheol-woo… … . Who the hell is he?’
First of all, he is a person who studies robotics and has been interested in Lee Cheol-woo even before the ITE-X engine.
Free vector gear and TT gear.
In particular, free vector gears, as you know from just hearing the name, were gears with free direction.
So far, research has been conducted in various fields, and the field of robotics was no exception.
Naturally, as soon as Dr. Nam Soo-hyeok heard the news, he tried to apply it to the humanoid arc he was researching.
In fact, many practical problems were solved by grafting the free vector gear to the joint part of the arc.
That alone was enough to make Lee Cheol-woo interested… … .
After the ITE-X engine was developed, the heart of the arc. In other words, it was possible to prepare a foothold for research on robot power engines.
Of course, the ITE-X engine has not yet been miniaturized, so it is unknown whether it can be applied or not.
‘… … . Mr. Lee Cheol-woo. thank you For arresting the drug dealer.’
Even Dr. Soo-hyeok Nam, who is well-known externally, had one circumstance that he could not tell others.
That his daughter was a drug addict.
He did everything possible to cure his daughter’s addiction to drugs. He personally reported his daughter to the police station and confined her at home.
However, no matter what method was used, it was difficult to cure her daughter’s drug addiction.
He thought it might be difficult to do in the future.
The good news is that there is room for improvement from now on.
Thanks to Lee Cheol-woo’s performance, Korea’s largest drug dealer was caught, and it became very difficult to obtain drugs.
Of course, other distributors could have found the spot… … . That right now is difficult.
So he had no choice but to express his gratitude to Lee Cheol-woo.
Including the development of the humanoid arc, the arrest of the daughter’s alleged drug offender.
‘He’s such a wonderful person. If he would participate in our research… … .’
He wanted Lee Cheol-woo to participate in the research of the robot humanoid Ark, which is identical to the human he is researching.
‘I know it’s impossible with modern technology, but… … . If so… … .’
He was dreaming of robots that act and think just like humans.
And he knew better than anyone how difficult and impossible it was. Still, when I saw Lee Chul-woo, it seemed like it would be okay.
‘Artificial intelligence, new materials, security… … . There’s a lot to do.’
As a matter of course, in order to act and think in the same way as humans, artificial intelligence had to be indispensable, and the material for the body of the robot was also difficult at the moment.
Even if it was made, there were many security problems.
‘Still, let’s do well one by one.’
He continued to study Ark.
* * *
A few days later, Sang-cheol and I visited a blockchain foundation in the US. Hire a good simultaneous interpreter.
“Oh, hello. Aren’t you Dr. Lee Cheol-woo, the creator of the ITE-X engine?”
The chairman of the Bitcoin Foundation, who heard that I was going, was there to meet me when I arrived.
“hahahaha, hello. I’m Lee Cheol-woo.”
“It’s an honor to meet you. Come on in.”
Guided by him, we entered the reception room.
Soon after, tea came out and I took a sip.
“What made you come to our Bitcoin Foundation?”
He asked me in a polite tone.
“Well, first of all, you answered that Bitcoin cannot be traced, is that correct?”
“Oh, yes. That’s right. If you’ve cleaned your bitcoins properly, they’ll be hard to track.”
what? Are you saying it’s hard this time?
“Oh, isn’t that impossible?”
“Hmm… I’ll have to find the person in charge and ask how we answered, but it would be more accurate to describe it as an impossible difficulty.”
Is it an impossible difficulty?
“Ha ha ha… I see. I created a BS algorithm while arresting drug offenders this time. Through that algorithm, it is possible to track them sufficiently.”
“……? Is that true?”
“Yes. Sang-cheol hyung, I’ll show you that the news came out briefly in the US as well.”
“Oh, uh. Hold on.”
Sang-cheol showed him an American newspaper containing the article, ‘Philippines-Korea drug connection blown up, ITE-X developer Lee Cheol-woo’s help is crucial.’
“Wow, this happened. Was it the BS algorithm that helped that decisively?”
“Yes, that’s right.”
“…… Wow, I can only exclaim. It’s a near-impossible difficulty, but you solved it. We had to analyze more than 200 billion pieces of data for our calculations.”
“Of course, it’s not all-around. It will gradually slow down as the capacity of the block increases due to the accumulation of more bitcoin blocks or more transactions.”
This is the biggest drawback of blockchain.
Since there are numerous individual verifiers, each individual must store the data of all blocks.
Even now, the total data of a block is about 26Gb.
The number of nodes is approximately 2,000. Roughly multiplied, I was wasting 52Tb.
Transaction data will continue to accumulate there, and the number of nodes will increase.
Not only that, but the difficulty of mining also increased.
Another word for mining is proof-of-work, and another word for it is the act of cracking a password.
Cracking the password was a random assignment, and it used a lot of computing power.
In other words, as the value of Bitcoin rises, the block data and computing power used by the Bitcoin blockchain will increase exponentially.
It was not eco-friendly, and it was the height of inefficiency.
“It is.”
he readily admitted.
“Is this good? Data will continue to accumulate and the computing power used to mine globally will be wasted. As the price of Bitcoin rises, the price of graphics cards will also rise.”
“I know.”
This time, he honestly admitted it.
They already knew these problems.
“Um… if you know, shouldn’t you fix it?”
“We also thought a lot about it. But… as a result, our Bitcoin will create the value of scarcity like gold. The total issuance is set at 21 million. This is a technical limit.”
technical limitations? There is nothing like that.
You can edit everything if you want to edit the source.
“Isn’t that an excuse? You can fix it if you want to fix it.”
“Yes. If you want to fix it, you can. By the way, will all the participants in our Bitcoin blockchain now follow that revised direction? Some people value scarcity.”
ah… … !
Listening to his explanation, I felt like I had been hit in the head hard.
democracy in the economy.
It was what Minseok and Sangcheol hyung said.
I didn’t quite understand that… … . I understand now.
“Then… a hard fork will happen.”
“Yes. If we make a modification, there will be a hard fork in response to it and a new Bitcoin will be created. Bitcoin Cash or something like that.”
hard fork.
Blockchain is a system that runs democratically by a large number of participants.
However, if the Bitcoin Foundation independently updates at will, the people who were participating in the blockchain network rebelled.
That is why it is called economic democracy.
“… I understand. If that’s what you mean, there’s no help.”
It seemed that I could not create the system I was thinking of by modifying the Bitcoin blockchain program.
Because they also have their own thoughts.
“What exactly do you want to do?”
They clearly stated their intentions, but I asked one more time, perhaps out of courtesy or out of curiosity.
“First of all, we’re going to distribute the blocks. It’s not just stacking one block, it’s stacking several blocks at the same time.”
“……? Is that possible?”
“It’s possible if I do what’s in my head right now.”
“Oh… is there anything else? There’s no need to disperse like that?”
What he said was right.
It was meaningless if it only functioned as a simple currency. but what i want to do
“It is a contract system. Apart from the function of simple currency, it is to create a program using a transparent system through network blocks.”
“You mean smart contracts?”
“Smart contracts?”
It was the first time I heard it.
“A programmer came to me not too long ago. He said something similar to Dr. Cheol-woo.”
“Which programmer?”
“Yes. I introduced myself as Vitalik Bute.”
It was the first name I had ever heard of.
“is it so?”
“Yes. He said he was also making a smart contract system. He said he was making a program that goes on the blockchain. But…”
“but?”
“Yes. Dr. Cheol-woo said that he would study the technology of building blocks with multiple blocks in the future. He also knew very well that this function was essential to introduce a smart contract system. He said it was a shard network.”
“Ummm, shard network.”
“Yes. They said that the function was so difficult that it seemed impossible. Well, they said it wasn’t necessary right now.”
“That’s also true. People should know and value it, so they’ll use it a lot.”
“So, what Dr. Cheol-woo is trying to do is the smart contract function and the shard network?”
“yes.”
“Then what are you trying to do with it?”
“There are many things, but right now it’s copyright protection.”
Although it was still in the idea stage, I thought that if the block chain with the shard network and smart contract system was completed, copyright could be protected.
CAK I made.
If the program runs on the blockchain I am thinking of, there will be no way to use it without paying copyright fees even after dying.
“Ohhh… Copyright protection… I wonder if that’s possible.”
he said interestingly.
“Yes. Depending on how the smart contract is designed, a system that recognizes the owner of the copyright can also be created. There are infinite ways to use it.”
However, it has to be well made.
“Yes. I will cheer you on.”
The chairman of the Bitcoin Foundation supported me.
“thank you.”
It was impossible to convince them. Because we have different thoughts and different directions.
That didn’t mean giving up.
Either find someone who matches your values or do it yourself.
“Go find that person. Vitalik Bute. He said he is building Ethereum, a blockchain with a smart contract system.”
“Is it Ethereum?”
“Yes. It’s an unusual name, right?”
“Iknow, right.”
From noble mtl dot com
“He said that his Ethereum was not oriented toward a currency, so he named it that way.”
“Well, that’s right. I see. Thank you for the good information.”
“hahahaha, no. Be careful going in.”
He saw me off and I thought.
‘Ethereum? Vitalik Bute? Should I visit him?’
After all, they are still in the development stage.
Do you really need to come and help me?
Now I had enough awareness, and the block chain technology was also open to the public.
‘As expected, let’s make it ourselves, what should we name it… … . Cheolwoocoin?’
hmm… … . Cheolwoo Coin also seems to be a bit different.