Bitcoin expansion mode

1. bitcoin isolation verification simply means that there is an additional side chain. The main chain and the side chain complement and support each other. Isolation verification is to solve the problem of bitcoin congestion. At the end of 2013, the problem of bitcoin congestion has appeared, and the expansion has become the consensus of the community, but there is no consensus on how to expand
in 2016, the community held a meeting in Hong Kong on capacity expansion. At the meeting, China's absenteeism and bitcoin core reached a consensus and proposed a compromise scheme, namely hard fork and isolation certification. This is the result of compromise between the two sides, but later the core went back on its words and forced absenteeism to accept the isolation scheme, but did not expand the capacity. China mostly opposes the exclusion of isolation verification.

2. Hanging order is the number of orders waiting to be bought and sold behind the five trading prices transmitted from the exchange ring the market trading period. Together with five trading prices, these ten data constitute the most original public data in the whole trading system

3. yes. In 2017, the size of the capacity hit this "invisible wall.". Soaring costs have made bitcoin unreliable. Some users can't confirm their transactions even after waiting for many days. Bitcoin stopped growing. Many users, businesses, enterprises and investors have abandoned bitcoin. Its market share in many virtual currencies also dropped rapidly from 95% to 40%.

4.

March 6 (Xinhua) "blockchain is a good technology, but it is still in the early stage of development. We need to establish an effective application mode. Tencent is also actively exploring the application of blockchain in various scenarios." Ma Huateng, chairman and CEO of Tencent, expressed his views on the current situation of blockchain

In terms of specific application scenarios,

CAI Yige said that Tencent will increase its exploration in the direction of blockchain combined with supply chain finance in 2018. As early as April 2017, Tencent has officially released the white paper on Tencent's blockchain scheme, and the relevant blockchain technology has been applied by Tencent in many fields, such as supply chain finance, logistics information, legal deposit, public search, Tencent micro gold, etc“ Studying blockchain technology and expanding blockchain application scenarios is definitely our development direction. " Cai Yige said

5. Slicing technology is one of the common methods used by developers to improve transaction throughput
in short, slicing is a partition method to divide computing power and storage workload in a point-to-point network. After slicing, each node no longer needs to deal with the transaction load of the whole network, It only needs to process the transactions in the partition (or partition)
just like the current blockchain, the information contained in the partition is jointly maintained by multiple nodes, thus ensuring the decentralization and security of the ledger. After the partition is enabled, everyone can still see all the information in the ledger, but people no longer need to process and store all the information

6. The size of each block is one megabyte, which can hold more than 1000 transaction information. If you watch it in the last bitcoin blockchain browser, you will find that each block is about one megabyte, which has reached the upper limit of the block capacity. If there are more and more transfers in bitcoin's network, Many transactions will not be packaged and confirmed in the first block after the transaction. It may take several blocks or a longer time. In the history of bitcoin, there have been several st attacks, among which many traders create a large number of small transfers in the exchange (currency exchange). The st attack is that someone creates a large number of small transfers, making a large number of transactions to be confirmed in the network, resulting in the normal transfer can not be confirmed, The confirmation time is delayed, which affects the normal operation of the network
many traders wait for two days or more before their transactions are confirmed. Although st attack is a very extreme example, the normal transfer volume of bitcoin network has far exceeded the maximum capacity it can bear. The size of each block is now one megabyte, so we should expand the capacity of bitcoin block and break through the existing limit of one megabyte, This process is called capacity expansion.

7. < UL >

open fomo 3D game page

find "vault"

in the left menu, and the coin will be in your wallet after the blockchain is packaged and confirmed

8. As if to smell the smell of money! The gospel of the coin ring! The first app of fomo3d in China: last
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a blockchain game named
fomo3d
appeared on the Ethereum network. The game is simple and crude: as long as you are the last bidder, and the price is maintained for
24
hours, then all etafang in the prize pool will give you
in a short period of time, his prize pool has accumulated nearly
9000
eth, 3000
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9. Capacity expansion is a means that when a container or load is not enough to support or carry the demand of existing things, we can expand the capacity of the container or load to meet the growing demand, so as to relieve the pressure on the current container or load
at the beginning of the birth of bitcoin, Ben Cong, the founder of bitcoin, did not deliberately limit the block size. The maximum block size was 32MB, and the average block size was 1-2kb at that time
at that time, there are few bitcoin users and the transaction volume is not so large, which will not cause block congestion. However, since 2013, with the price of bitcoin rising sharply, there are more and more users, resulting in network congestion of bitcoin and rising transaction costs of users
up to now, there is a backlog of hundreds of thousands of transactions on the bitcoin blockchain. The average transaction cost of bitcoin is 376 times higher than that in September 2010. The processing speed of seven transactions per second has obviously been unable to meet the needs of users. The bitcoin community has begun to explore how to "expand the capacity" of bitcoin
by modifying the underlying code of bitcoin, the transaction processing capacity can be improved
there are two development and design schemes for bitcoin expansion, namely, the first layer and the second layer expansion technology
· the first layer of capacity expansion technology is to improve the blockchain itself, to make the blockchain itself faster and larger. Generally speaking, it is to change the content of the consensus part of the blockchain
· the purpose of the second layer expansion technology is to move the computing to the lower chain, that is, to solve the problem through the side chain technology
expansion protocol and outcome
expansion protocol generally needs the support of miners, which can be roughly divided into modifying block size, soft fork, hard fork, isolation witness and so on
take bitcoin as an example:
bitcoin is now divided into big block bitcoin cash (BCH) and isolation witness. Isolated witness is now recognized as bitcoin in the market, while big block coin is named bitcash. It can be predicted that in the future, bitcoin will focus on off chain trading. Including lightning network and side chain. These two new things are not mature at present, but they are highly expected by many people
bitcoin will develop a large number of isolated witness transactions and make more derivative technologies on the basis of isolated witness. Most likely, bitcoin will be pushed forward by technology
bitcash will focus on the development of monetary function, rece transaction friction as the main way, and gain more extensive users on the chain as the main development direction
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