What is decentralization in bitcoin

1. bitcoin is valuable under certain circumstances, but it is worthless under certain circumstances. Because it's not legal tender. It is impossible for any country to get the right to issue legal tender to use any mining machine. Bitcoin is just a virtual number. While it's still possible to change money, change it quickly! It's too late to wait until it's worthless at the end.

2. Nakamoto is the first person to discover bitcoin. Bitcoin is not issued by any institution, and the total amount is only 21 million yuan. The transaction of bitcoin needs the consent of 6 people!

3. Because bitcoin does not exist in the issuing institutions (bitcoin is extracted from the network), nor does it exist in banks, but directly through a personal to personal transfer.

4. This is not necessarily true. After all, it is a digital cryptocurrency, each of which is separate and not stored on the website.

5. For example, I borrow money from you in a village. Normally, if I am afraid that you will not repay the money, I can find an intermediary recognized by everyone, such as the village head as the guarantor, and sign an IOU. In this way, if you default at that time, I can find an intermediary to prove that you really owe me money, But there are two problems: 1. What if the village head finds out that his long lost son colludes with him to cheat you on money? 2. What if the middleman dies on the spot the next day! This is about trust and security. If the method of blockchain is to provide you with the certificate of the whole village (distributed), so that everyone knows about it and the other party can't default on it. Second, even if a small number of people or village heads deny (some nodes commit crimes) that they have lost the IOU or tampered with the content, there will still be others to make the basis

above, explain the two problems of building owners: 1. Decentralization, because the account book records are not centralized in the hands of each participant, and you will get paid if you save and keep accounts. 2. Since I can get rewards by saving and keeping accounts, can I just keep accounts instead of storing them? If you have a mining pool, you can keep accounts for it and store it for you. In this way, you can still get good rewards. There are only a few mining pools in the world, so they are centralized

6.

The decentralization of blockchain refers to the form of social relations and content generation formed in the process of blockchain development. It is a new network content proction process relative to "centralization"

blockchain is an important concept of bitcoin, which is essentially a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains the information of a batch of bitcoin network transactions, which is used to verify the effectiveness of its information (anti-counterfeiting) and generate the next block

blockchain is unified in the whole network, so it is logically centralized. From the perspective of architecture, blockchain is based on peer-to-peer network, so it is decentralized. From the perspective of governance, blockchain makes it difficult for a few people to control the whole system through consensus algorithm, so it is decentralized

extended data:

characteristics of blockchain Decentralization:

decentralization, not without the center, but by the node to freely choose the center, freely determine the center. In short, centralization means that the center determines the node. The node must depend on the center, and the node cannot survive without the center

in a decentralized system, anyone is a node, and anyone can be a center. Any center is not permanent, but phased, and no center is mandatory for nodes

with the diversification of network service forms, the decentralized network model becomes more and more clear and possible. After the rise of Web2.0, the services provided by Wikipedia, Flickr, blogger and other network service providers are decentralized. Any participant can submit content, and Internet users can create or contribute content together

reference source: network blockchain

reference source: Network decentralization

7.

When it comes to blockchain, we often encounter the concept of "decentralization". So what is decentralization? Nakamoto has solved the difficult problem of "point-to-point e-cash" defined by himself. In this process, he "invented" the blockchain technology. Bitcoin system integrates technology and theory of cryptography, game theory and software engineering. Blockchain technology is an innovation formed by ingenious combination of existing technologies. Nakamoto didn't solve the problem of "peer-to-peer e-cash" out of thin air. He followed the footsteps of his predecessors, but he completed the last leap

"decentralization" is the competitive advantage of removing the centralized central node. It does not mean that there is no center, but the center node is a relatively neutral existence. These central nodes will not be mandatory. For a fully decentralized system, the connection between nodes is not completed by specific nodes, and all nodes can store and update data on the system, so as to achieve openness

decentralized blockchain is essentially a decentralized distributed ledger database. The simple understanding is that the data of blockchain is stored in many nodes of the network. The traditional way of data storage exists in one or several large nodes in the network. From this point of view, the so-called centralization and decentralization is the difference in the number of nodes storing data. Therefore, the decentralization of blockchain is relative. Data only exists on one node, which must be centralized. But if there are 100 nodes, they can be said to be decentralized relative to one node, but the degree of decentralization is not the same. At the same time, centralization and decentralization are not contradictory, and they are not completely opposite, because the word "de" in decentralization means the process of weakening and eliminating the center, rather than the concept that there is absolutely no center, which is completely opposite to non centralization

the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system

8. This is based on a specific code. A specific number of coins are limited, so many are made, many are printed, so the proportion of bitcoin is very unstable, and it is normal to rise or fall by thousands
mining is equivalent to using a mining machine (which looks like a computer host, but it's very difficult to kneel down for tens of thousands) to find it on the Internet according to calculation
what else do you don't understand

9.

In bitcoin white paper "bitcoin: a peer-to-peer e-cash system", Nakamoto explained in detail how he designed the system. Among them, he established the main design principles of all blockchain systems since then

a real peer-to-peer e-cash should allow direct online payment from the originator to the other party without the need to go through a third-party financial institution

although the existing digital signature technology provides some solutions, if a trusted third party organization is needed to prevent "double payment", the main benefits (Brought by e-cash) will be lost

aiming at the problem of "double payment" in e-cash, we provide a solution with peer-to-peer network technology

in this network, transaction records are time stamped, hashed and merged into a growing chain, which is composed of hash based proof of work. If the proof of work is not redone, the resulting records cannot be changed

the longest chain is not only a proof of the observed sequence of events, but also a proof that it is generated by the largest pool of CPU processing power. As long as the computer nodes that control most CPU processing power do not join forces to attack the network itself, they will generate the longest chain and leave the attacker behind

the network itself only needs the simplest structure. Try your best to broadcast the information on the whole network. A node can leave and rejoin the network at any time. It only needs (when rejoining) to take the longest workload proof chain as the proof of the transaction occurred ring the node's offline period

the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system