Komodo 技術長 Kadan Stadelmann 表示，區塊鏈技術的未來取決於採用永續和通貨緊縮的代幣經濟學

區塊鏈技術正處於十字路口，對永續代幣經濟和環境意識的需求正在重塑這個產業。

In an interview with crypto.news, Kadan Stadelmann, CTO of Komodo, describes the need to integrate sustainable practices and deflationary mechanisms to advance the blockchain industry while addressing environmental concerns.

Komodo 技術長 Kadan Stadelmann 在接受 crypto.news 採訪時表示，需要整合永續實踐和通貨緊縮機制，以推動區塊鏈產業發展，同時解決環境問題。

As the world grapples with climate change, blockchain projects are innovating to minimize their ecological footprint. Deflationary mechanisms, such as token burning, are not just financial tools but part of a broader strategy to create a greener, more sustainable economic model. It helps manage token supply, creating scarcity and attracting investors who prioritize long-term value and sustainability.

隨著世界應對氣候變化，區塊鏈專案正在不斷創新，以最大限度地減少其生態足跡。通貨緊縮機制，例如代幣銷毀，不僅是金融工具，也是創建更綠色、更永續的經濟模式的更廣泛策略的一部分。它有助於管理代幣供應，創造稀缺性並吸引優先考慮長期價值和永續性的投資者。

The industry's focus on sustainability and efficient tokenomics is setting new standards. Stadelmann believes that the future of blockchain technology hinges on adopting sustainable and deflationary tokenomics.

該行業對可持續性和高效代幣經濟的關注正在製定新的標準。 Stadelmann 認為，區塊鏈技術的未來取決於採用可持續和通貨緊縮的代幣經濟學。

Here are some excerpts from the interview:

以下是採訪的一些摘錄：

Considering the rapid evolution in tokenomic models, particularly with the rise of deflationary mechanisms, how are these models influencing long-term token value and investor behavior across the blockchain industry?

考慮到代幣經濟模型的快速演變，特別是隨著通貨緊縮機制的興起，這些模型如何影響整個區塊鏈產業的長期代幣價值和投資者行為？

Tokenomic models, especially those incorporating deflationary mechanisms, have been influential in creating long-term value for crypto investors. On the reverse side, projects that have inflationary tokenomics often create an environment that favors the cryptocurrency’s creators or large holders. Smaller holders, or people who are just discovering the cryptocurrency, are at a disadvantage since they usually can’t accumulate enough of the supply to influence market value. Additionally, for centuries, we’ve seen the long-term negative effects of inflation and hyperinflation of fiat currencies across the global economy. Deflationary mechanisms such as reducing the block reward (i.e. BTC) or burning tokens (i.e. BNB) have historically led to increased market value for cryptocurrencies. 

代幣經濟模型，尤其是那些包含通貨緊縮機制的模型，在為加密貨幣投資者創造長期價值方面發揮了重要作用。另一方面，具有通膨代幣經濟學的計畫通常會創造一個有利於加密貨幣創造者或大持有者的環境。較小的持有者或剛發現加密貨幣的人處於不利地位，因為他們通常無法累積足夠的供應來影響市場價值。此外，幾個世紀以來，我們已經看到了通貨膨脹和法定貨幣惡性通貨膨脹對全球經濟的長期負面影響。減少區塊獎勵（即 BTC）或銷毀代幣（即 BNB）等通貨緊縮機制歷來導致加密貨幣的市場價值增加。

Is Komodo making any moves in this regard?

Komodo在這方面有什麼動作嗎？

Recently, the Komodo community approved three proposals, two of which will directly lead to a more deflationary tokenomic model for KMD. These include KIP0002 (burning 100% of transaction fees) and KIP0003 (reducing the block reward from 3 KMD to 1 KMD). The other approved proposal — KIP0004 — will transition the Komodo blockchain from Proof of Work (PoW) to Proof of Stake (PoS) either in 2025 or 2026 (exact date TBD).

最近，Komodo 社區批准了三項提案，其中兩項將直接導致 KMD 更加通貨緊縮的代幣經濟模型。其中包括 KIP0002（燃燒 100% 的交易費用）和 KIP0003（將區塊獎勵從 3 KMD 減少到 1 KMD）。另一項獲得批准的提案——KIP0004——將在 2025 年或 2026 年（具體日期待定）將 Komodo 區塊鏈從工作量證明 (PoW) 過渡到股權證明 (PoS)。

In terms of scalability and operational efficiency, what advantages do the model supporting independent blockchains for each project offer over traditional single-chain platforms?

在可擴展性和運作效率方面，支援每個專案獨立區塊鏈的模式相對於傳統單鏈平台有哪些優勢？

The most important advantage of supporting a multi-chain model, rather than a single-chain model is the autonomy for crypto projects to shape their own tokenomics. Projects that build on Ethereum, for example, have no ability to reduce the underlying transaction fees (gas) on each transaction. Users also have to hold ETH to pay for gas, even if their transaction doesn’t otherwise involve ETH (i.e. trading one ERC-20 token for another ERC-20 token on a DEX). For cryptocurrencies that use their own blockchains, there is no need to charge a gas fee or rely upon a secondary cryptocurrency. Projects can also set a more minimal amount on transaction fees. Scalability is another factor. With each cryptocurrency having its own blockchain, transaction completion times are usually much shorter due to less mempool congestion. Typically, transaction fees are also much more consistent and cheaper.

支持多鏈模型而不是單鏈模型的最重要優勢是加密項目可以自主塑造自己的代幣經濟。例如，基於以太坊的項目無法減少每筆交易的基礎交易費用（gas）。用戶還必須持有 ETH 來支付 Gas 費用，即使他們的交易不涉及 ETH（即在 DEX 上用一種 ERC-20 代幣交易另一種 ERC-20 代幣）。對於使用自己的區塊鏈的加密貨幣，不需要收取汽油費或依賴二級加密貨幣。項目還可以設定更低的交易費用。可擴展性是另一個因素。由於每種加密貨幣都有自己的區塊鏈，由於記憶體池擁塞較少，交易完成時間通常要短得多。通常，交易費用也更加一致和便宜。

What architectural innovations are currently leading the way in minimizing environmental impacts within the blockchain development sector? How do these technologies manage to balance scalability with energy efficiency?

目前哪些架構創新在最大限度地減少區塊鏈開發領域對環境的影響方面處於領先地位？這些技術如何平衡可擴展性和能源效率？

From an environmental sustainability perspective, the biggest innovation is Proof of Stake. As we saw in September 2022, Ethereum’s move to Proof of Stake (PoS) reduced energy consumption by an estimated 99.5% compared to Proof of Work (PoW). The network also became more scalable as a result. If we look at other PoS-based blockchains, on average they have a much higher transaction per second (TPS) limit than PoW-based blockchains. Another important aspect to consider is that PoS cryptocurrencies make it much easier for average, non-technical users to actively participate in the network’s security and earn block rewards. This leads to higher participation among HODLers and creates a greater incentive to hold for a longer period of time vs. sell during poor market conditions.

從環境永續性的角度來看，最大的創新是權益證明。正如我們在 2022 年 9 月所看到的，與工作量證明 (PoW) 相比，以太坊轉向權益證明 (PoS) 的能耗預計減少了 99.5%。因此，網路也變得更具可擴展性。如果我們觀察其他基於 PoS 的區塊鏈，平均而言，它們的每秒交易量 (TPS) 限制比基於 PoW 的區塊鏈高得多。另一個需要考慮的重要方面是 PoS 加密貨幣使普通非技術用戶更容易積極參與網路安全並獲得區塊獎勵。這導致持有者的參與度更高，並更有動力持有更長的時間，而不是在市場狀況不佳時出售。

How are deflationary strategies like token burning shaping market dynamics and token valuation over time in the broader blockchain ecosystem?

隨著時間的推移，在更廣泛的區塊鏈生態系統中，代幣銷毀等通貨緊縮策略如何影響市場動態和代幣估值？

It’s all about simple economics, or tokenomics in this case. In some cases, deflationary strategies like token burning can contribute to price stability or mitigate downward price pressure. By reducing the supply of tokens, these mechanisms help counteract inflationary pressures that could otherwise devalue the token over time. This stability can increase investor confidence and attract more long-term investment. If demand for a specific cryptocurrency is at least remaining the same or increasing over time, deflationary tokenomics should theoretically lead to a price increase.

這都是關於簡單的經濟學，或者在這種情況下是代幣經濟學。在某些情況下，代幣銷毀等通貨緊縮策略可以有助於價格穩定或減輕價格下行壓力。透過減少代幣的供應，這些機制有助於抵消通膨壓力，否則隨著時間的推移，通膨壓力可能會使代幣貶值。這種穩定性可以增強投資者的信心並吸引更多的長期投資。如果對特定加密貨幣的需求至少保持不變或隨著時間的推移而增加，通貨緊縮的代幣經濟學理論上應該會導致價格上漲。

What are the main architectural choices that can help

有哪些主要的架構選擇可以提供協助