Is blockchain technology scalable
digital economy and blockchain Technology: he is one of the earliest scholars engaged in blockchain technology in China. He has proposed and developed such theoretical methods as smart contract engineering (SCE), legal code technology, verification as a service (VAAs), etc. in the fields of combination of digital economy and blockchain, planning and consulting of digital economic Park, digital governance of blockchain, and so on Blockchain scalability, Multi Chain interconnection and blockchain formal verification technology have in-depth research and patent achievements. He presided over the research and development of Beihang blockchain series procts, including various forms of blockchain systems with independent intellectual property rights, browsers, monitors, deployment tools and blockchain big data management system (opendata)
distributed parallel computing and network: he has been engaged in cluster computing system, high-performance computing, aerospace electronic bus, and integrated network information technology research in complex computing environment for a long time. He proposed and studied the theory of reconfigurable multi cluster computing based on wolf pack and applied it to practice, and developed several application software systems
formal design and verification methods: in close cooperation with irit and INRIA, we have established a Sino French joint research laboratory for formal methods, studied model driven formal design and verification methods, proposed a number of innovative extension technologies based on AADL and synchronous language signal, and developed a number of model transformation, model validation and verification methods Verification and automatic code generation tools
in recent years, he has published more than 60 papers on SCI / EI retrieval in important academic journals at home and abroad, edited new technologies of network computing (416 pages, published by Science Press in 2001), and cooperatively completed the national authoritative textbook introction to distributed computing system (490 pages, published by Tsinghua University Press in 2014), which won the first prize of 2016 textbook, It has been adopted by more than ten key universities. He has successively presided over and participated in a number of National Natural Science Fund, national key R & D projects, 863 major projects, Junkou 863 project, National Nuclear high-tech foundation project, aerospace fund, and a number of important engineering projects in aerospace field. He won more than 30 national invention patents and soft works, won the five-year achievement award of aviation fund in 2015, and won the second-class innovation achievement award of Instry University Research Institute in 2018.
Recently, many friends have come to ask questions about blockchain, such as the specific advantages of blockchain, why to invest in blockchain, and what benefits can it bring? Can't you invest in real estate and wait for the appreciation; Can't you invest in a mature market like stocks and bonds? Why invest in the emerging blockchain? Does blockchain have any investment value? And so on a series of questions, I have made the following summary, basically summarized the answers to most of the related questions:
it can be summarized in the following four aspects:
1. Blockchain has a good market prospect; 2; As an emerging technology, blockchain is recognized by many professionals including investors. It is estimated that the market value of blockchain will be about US $60 billion in 2020 and US $20 million in the global market in 2024. The considerable market prospect of blockchain is obvious
2. The cost of block chain is less; Compared with the centralized mode of relying on third-party intermediaries such as credit card payment and stock trading, the decentralized distributed structure of blockchain saves investors high handling fees and transaction costs, saves investment costs and improves transaction processing efficiency
3. Block chain is more secure and stable; The traditional centralized mode often faces serious credit crisis, but because each transaction in the blockchain is tracked and permanently recorded by the distributed public account book, the phenomenon of forgery is greatly reced, and the losses caused by the credit problems of the third party are avoided, providing security for investors' transactions
4. The programming attribute of block chain is more standard; Traditional market investors often affect their earnings because of the confusion of market levels, and the programmability of blockchain makes the market level clear, which is an innovative technology that can change people's lives
I hope it can help you to solve related problems. Please feel free to ask or discuss more details or any questions
blockchain (English: blockchain or block chain) is a kind of distributed database . You may have heard about bitcoin, which is the core technology. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of a network transaction, which is used to verify the validity of the information and generate the next block. In a popular concept, blockchain is an account that everyone can keep. In a company or organization, most people only have the right to keep accounts, while only a few people with professional training have the right to keep accounts. Of course, blockchain is not an account book in the traditional sense. It has the following three key points in technical principle: first, decentralization. In a network practicing blockchain technology, each computer covered by it can read and add records. From the perspective of account book, they are the people who keep accounts together, and there is no authoritative person to guide and correct them. Second, asymmetric encryption. Although everyone can remember this account, they will not be able to read it unless they are in the Bureau. Because, in the accounting process, everyone follows the unified encryption rules, but when reading, they must use their own unique decryption method. Therefore, although everyone keeps this constantly updated account, the part they can read is only the one they can decrypt, that is, the part related to themselves. Third, time stamp. That is, time stamp (English: timestamp), refers to the string or coded information used to identify the recorded time and date. Each block on the blockchain is arranged in sequence according to the time it is generated, and is confirmed by collective authentication. Moreover, previous records cannot be modified. Just like in an account, we can index and verify the previous content through the records after a point in time. Once these contents are confirmed, it will be more difficult to tamper with them
blockchain technology is to maintain a growing distributed database of data records. These data are associated with all the data written before through cryptography technology, which makes it difficult for the third party or even the owner of the node to tamper with. Block contains the data that need to be saved in the database, and these data are written into the database through block organization. Chain usually refers to the use of Merkle tree and other methods to check whether all the current blocks have been modified. This is familiar to code farmers who have used git for a long time. Recall how to modify git's history
blockchain technology is mainly divided into three categories, which are open, collaborative and private
public blockchain
example: bitcoin, Ethereum frontier. The data on the public blockchain can be accessed by all people, and all people can issue transactions waiting to be written into the blockchain. Participants in the consensus process (corresponding to the miners in bitcoin) maintain the security of the database through cryptography technology and built-in economic incentives. Open blockchain is completely distributed
highlights and pain points: the open blockchain is completely distributed and has all the characteristics of bitcoin. However, it needs sufficient cost to maintain the system operation and relies on built-in incentives. At present, only bitcoin in the public blockchain is safe enough. If the algorithm is the same as bitcoin, it will be safe; There are no built-in rewards, but they are not; It's easy to concentrate on the attack of computing power (for example, as long as the raid sweeps goods and a large number of graphics cards), and take jujube pills. The more valuable the data on the open blockchain is, the more important it is to examine its security, transaction cost and system scalability
federated blockchain
example: audit system tried by hyperledger and Deloitte. The nodes participating in the blockchain are selected in advance, and there is likely to be a good network connection between the nodes. Other consensus algorithms without workload proof can be used on such a blockchain. For example, a blockchain has been established among 100 financial institutions, and more than 67 institutions must agree to reach a consensus. The data on such a blockchain can be public or internal to these node participants. Distributed in a partial sense
highlights and pain points: collaborative blockchain can achieve a good connection between nodes, only need a little cost to maintain operation, provide rapid transaction processing and low transaction costs, has good scalability (but the scalability will decline with the increase of nodes), and data can have certain privacy. Developers have the ability to change the protocol under the consensus. There is no problem with bitcoin hard fork, but it also means that everyone can tamper with the data together under the consensus. Collaborative blockchain also means that the application scope of this blockchain will not be too wide, lacking the network propagation effect of bitcoin
private blockchain
example: Eris instries. The participating nodes are only users themselves, and the access and use of data have strict authority management. Most of the blockchain technologies recently announced by some financial institutions for internal use are vague, but they are probably all within this scope
highlights and pain points: private blockchain is actually a confusing term. Such a system is nothing more than a shared database in the traditional sense. Merkle tree and other methods are used to try to show that the data in it is verifiable. There are already mature solutions for such databases, and Merkle tree is only one of many mature solutions. It's easy for these projects to be "like eggs". Because the user has the final say, the data inside can not be changed, and there is not much protection for the third party. Therefore, many private blockchains exist by attaching to bitcoin, such as recording system snapshots to bitcoin regularly
Blockchain and artificial intelligence are the next era
There is a good combination between the twoblockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. Blockchain is an important concept of bitcoin. It 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 a batch of information about bitcoin network transactions, Used to verify the validity of its information (anti-counterfeiting) and generate the next block
artificial intelligence, abbreviated as AI. It is a new technical science to research and develop the theory, method, technology and application system for simulating, extending and expanding human intelligence
Artificial intelligence is a branch of computer science, which attempts to understand the essence of intelligence and proce a new intelligent machine that can respond in a way similar to human intelligence. The research in this field includes robot, language recognition, image recognition, natural language processing and expert system. Since the birth of artificial intelligence, its theory and technology have become increasingly mature, and its application fields have also been expanding. It can be imagined that the scientific and technological procts brought by artificial intelligence in the future will be the "container" of human intelligence. Artificial intelligence can simulate the information process of human consciousness and thinking. Artificial intelligence is not human intelligence, but it can think like human and may surpass human intelligence At present, blockchain technology can be divided into three versions At present, in the first three versions, there are some problems, such as the lack of decentralization, low scalability, the mismatch between the incentive of the blocker and the best profit of the whole network, and the network always runs at the maximum capacity, such as bitcoin and Ethereum, which affect the efficiencyVelas combines the two to develop a public chain that can learn and improve itself
Velas enhances its consensus algorithm through artificial intelligence (AI) optimized neural network, and concts self-learning and self optimized public chain, aiming at improving the security, interoperability and high scalability of transfer process and intelligent contract. Velas adopts the dpos consensus enhanced by AI, which completely realizes decentralization without recing the security and transaction speed
technically, Velas has integrated functions and services such as cross chain payment, multi signature wallet supporting multi currency, anonymous transfer, etc. Its Ecosystem focuses on all application scenarios covering transaction and payment, such as exchanges, multi signature wallets, merchant platforms, etc. after AI is fully connected to the system, the transfer fee can be completely exempted
and complete decentralization through AI enhanced dpos (aidpos) & gt; AI chooses who to mortgage the token according to the needs of blockchain & gt; Velas only blocks when needed & lt; Between every 1 second and every 2 minutes & gt& gt; Scalability (up to 30000 TPS) & gt; Block procers are selected by artificial intuition< br />
network layer: blockchain network is essentially a P2P (peer-to-peer) network. The resources and services in the network are distributed on all nodes, and the information transmission and service implementation are directly carried out between nodes, without the intervention of intermediate links and servers. Each node not only receives information, but also generates information. Nodes synchronize information by maintaining a common blockchain. When a node creates a new block, it notifies other nodes in the form of broadcast. After receiving the information, other nodes verify the block and create a new block on the basis of the block, So as to achieve the role of the whole network to jointly maintain a bottom ledger. Therefore, the network layer will involve the design of P2P network, propagation mechanism and verification mechanism. Obviously, these designs can affect the confirmation speed of block information. The network layer can be used as a research direction in the scalable scheme of blockchain technology
data layer: the underlying data of blockchain is a data structure of block + linked list, which includes data block, chain structure, timestamp, hash function, Merkle tree, asymmetric encryption, etc. Among them, data block and chain structure can be used as the improvement direction of data layer research in the extensible scheme of blockchain technology
consensus layer: it is the basis for highly dispersed nodes to reach a fast consensus on the effectiveness of block data. The main consensus mechanisms include pow (proof of work), POS (proof of stake), dpos (delegated proof of stake) and pbft (Practical Byzantine fault tolerance), They have always been the highlight of the scalable solution of blockchain technology
incentive layer: it is a common mining mechanism, which is used to design certain economic incentive model and encourage nodes to participate in the security verification of blockchain, including the design of issuance mechanism and allocation mechanism. Improvements at this level do not seem to be directly related to blockchain scalability
Contract layer: mainly refers to various script codes, algorithm mechanisms and smart contracts. Strictly speaking, this layer of the first generation blockchain is missing, so they can only trade, and can not be used in other fields or other logical processing. The emergence of the contract layer makes it a reality to use blockchain in other fields. This part of Ethereum includes EVM (Ethereum virtual machine) and smart contract. The improvement of this level seems to provide a potential new direction for the scalability of the blockchain, but it does not seem to be directly related to the application layer in terms of structure
it is the display layer of the blockchain, including various application scenarios and cases. For example, Ethereum uses truffle and Web3 JS. The application layer of blockchain can be mobile terminal, Web terminal, or integrated into the existing server, taking the current business server as the application layer. The improvement of this level also seems to provide a potential new direction for the expansion of blockchain, but structurally, it doesn't seem to be directly related
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