Komodo 首席技术官 Kadan Stadelmann 表示，区块链技术的未来取决于采用可持续和通货紧缩的代币经济学

区块链技术正处于十字路口，对可持续代币经济和环境意识的需求正在重塑该行业。

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 首席技术官 Kadan Stadelmann 在接受 crypto.news 采访时表示，需要整合可持续实践和通货紧缩机制，以推动区块链行业发展，同时解决环境问题。

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.

随着世界应对气候变化，区块链项目正在不断创新，以最大限度地减少其生态足迹。通货紧缩机制，例如代币销毁，不仅仅是金融工具，也是创建更绿色、更可持续的经济模式的更广泛战略的一部分。它有助于管理代币供应，创造稀缺性并吸引优先考虑长期价值和可持续性的投资者。

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.

该行业对可持续性和高效代币经济的关注正在制定新的标准。 Stadelmann 认为，区块链技术的未来取决于采用可持续和通货紧缩的代币经济学。

Here are some excerpts from the interview:

以下是采访的一些摘录：

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?

考虑到代币经济模型的快速演变，特别是随着通货紧缩机制的兴起，这些模型如何影响整个区块链行业的长期代币价值和投资者行为？

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. 

代币经济模型，尤其是那些包含通货紧缩机制的模型，在为加密货币投资者创造长期价值方面发挥了重要作用。另一方面，具有通胀代币经济学的项目通常会创造一个有利于加密货币创造者或大持有者的环境。较小的持有者或刚刚发现加密货币的人处于不利地位，因为他们通常无法积累足够的供应来影响市场价值。此外，几个世纪以来，我们已经看到了通货膨胀和法定货币恶性通货膨胀对全球经济的长期负面影响。减少区块奖励（即 BTC）或销毁代币（即 BNB）等通货紧缩机制历来导致加密货币的市场价值增加。

Is Komodo making any moves in this regard?

Komodo在这方面有什么动作吗？

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 社区批准了三项提案，其中两项将直接导致 KMD 更加通货紧缩的代币经济模型。其中包括 KIP0002（燃烧 100% 的交易费用）和 KIP0003（将区块奖励从 3 KMD 减少到 1 KMD）。另一项获得批准的提案——KIP0004——将在 2025 年或 2026 年（具体日期待定）将 Komodo 区块链从工作量证明 (PoW) 过渡到股权证明 (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?

在可扩展性和运行效率方面，支持每个项目独立区块链的模式相对于传统单链平台有哪些优势？

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.

支持多链模型而不是单链模型的最重要优势是加密项目可以自主塑造自己的代币经济。例如，基于以太坊的项目无法减少每笔交易的基础交易费用（gas）。用户还必须持有 ETH 来支付 Gas 费用，即使他们的交易不涉及 ETH（即在 DEX 上用一种 ERC-20 代币交易另一种 ERC-20 代币）。对于使用自己的区块链的加密货币，不需要收取汽油费或依赖二级加密货币。项目还可以设置更低的交易费用。可扩展性是另一个因素。由于每种加密货币都有自己的区块链，由于内存池拥塞较少，交易完成时间通常要短得多。通常，交易费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?

目前哪些架构创新在最大限度地减少区块链开发领域对环境的影响方面处于领先地位？这些技术如何平衡可扩展性和能源效率？

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.

从环境可持续性的角度来看，最大的创新是权益证明。正如我们在 2022 年 9 月所看到的，与工作量证明 (PoW) 相比，以太坊转向权益证明 (PoS) 的能耗预计减少了 99.5%。因此，网络也变得更具可扩展性。如果我们观察其他基于 PoS 的区块链，平均而言，它们的每秒交易量 (TPS) 限制比基于 PoW 的区块链高得多。另一个需要考虑的重要方面是 PoS 加密货币使普通非技术用户更容易积极参与网络安全并获得区块奖励。这导致持有者的参与度更高，并更有动力持有更长的时间，而不是在市场状况不佳时出售。

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

随着时间的推移，在更广泛的区块链生态系统中，代币销毁等通货紧缩策略如何影响市场动态和代币估值？

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.

这都是关于简单的经济学，或者在这种情况下是代币经济学。在某些情况下，代币销毁等通货紧缩策略可以有助于价格稳定或减轻价格下行压力。通过减少代币的供应，这些机制有助于抵消通货膨胀压力，否则随着时间的推移，通胀压力可能会使代币贬值。这种稳定性可以增强投资者的信心并吸引更多的长期投资。如果对特定加密货币的需求至少保持不变或随着时间的推移而增加，通货紧缩的代币经济学理论上应该会导致价格上涨。

What are the main architectural choices that can help

有哪些主要的架构选择可以提供帮助