Who is the first to use blockchain technology
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was built. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. Unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature of P2P and the algorithm itself can ensure that it is impossible to artificially manipulate the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million. Bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual goods, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life goods.
From the perspective of technology and architecture, I will tell you my understanding of blockchain in common language
what is blockchain? In a word, blockchain is a storage system. To be more specific, blockchain is a distributed storage system without an administrator and each node has all the data
What are the common storage systems like
as shown in the figure above, the bottom is data, and the top can write data. A space to store data, a software to manage data, provide an interface to write data, this is the storage system. For example, MySQL is the most common storage system
What are the problems of ordinary storage system? There are at least two common problems
the first is the problem of non high availability. There is a dangerous place for data. In technical terms, data is not highly available
The second problem is that there is only one write point. In technical terms, it is a single point of control
How do ordinary storage systems usually solve these two problems
in fact, MySQL can do a master-slave synchronization of al master, master-slave synchronization of al master, two nodes can be written at the same time. If you want to do a multi room multi live data center, in fact, multi room multi live data synchronization. What we should emphasize here is that multi-point writing often leads to the consistency problem of writing conflicts. Take MySQL as an example, suppose that the attribute of a table is self incrementing ID, then the data in the database is 1234 now. If one of the nodes writes and inserts a piece of data, it may become 5, and then these 5 pieces of data are synchronized to another master node, Before synchronization, if another write node inserts a piece of data, a piece of data with self incrementing ID of 5 will be generated. Then, after the generation, synchronize to another node, and the synchronized data will conflict with the two local 5's after it arrives, which will lead to synchronization failure and write consistency conflict. This problem will occur in the case of multi-point writing
how to ensure consistency in multi-point writing
the reform "Swan class" gives you more technical work
as a blockchain with decentralized concept and distributed shared accounting technology as the core, it will be embedded in many links in the financial field in the future, such as credit enhancement, right confirmation, equity registration, financial trade, digital assets, etc. Blockchain is still in the primary stage of development, whether it is a large institution or a small company, blockchain is still on the road of exploration. As a distributed shared accounting technology, the latest and most cutting-edge technology in the field of financial technology, blockchain, in a greater sense, enables the parties involved to establish a trust relationship at the technical level. At present, this technology has a lot of imagination in the field of equity registration, right confirmation, clearing and settlement in the financial field, as well as in the field of logistics and proct authenticity traceability. Bubi's blockchain points out that at present, more Bubi's technologies are focused on commercial level blockchain technical support services, which specifically includes three areas. First, the field of digital assets includes other digital assets in addition to common points and check-in cards; The second is trade finance; The third is the field of equity, to improve the convenience of equity trading
the development history of blockchain? Blockchain will bring a new revolution in asset ownership in the future“ The first generation of Internet information solved the free transmission of information, but did not solve the problems of decentralization and asset ownership. " This problem can not be underestimated. At the level of capital market, if any technology can clarify the property rights of things that are uncertain, it will be a huge change for the whole market. In addition, blockchain will also lead the great changes in the field of credit enhancement. It is reported that China has about 700 million Internet users“ If every netizen adds tens of thousands of credit lines through blockchain technology, the amount of credit increase will be trillions nationwide, and it can be proved that all your credit is universal in the world at the level of blockchain. " In the future, three things will happen in Internet finance. First, there will be a good matching mode between asset side and liability side; Second, intelligent investment with two main modes of follow-up investment, suggestion and notification; Third, blockchain
"the blockchain model, as a foundation, rather than a business model, will solve a lot of credit problems. The largest blockchain market in the next three to five years should be in China."
Introction to Bubi blockchain
since its establishment, Bubi blockchain has been focusing on the R & D and innovation of blockchain technology and procts, has a number of core technologies, and has made substantial innovation in many aspects, forming a number of core technology achievements, such as: mathematically verifiable distributed consensus technology, fast large-scale ledger access technology, and so on Multi Chain general ledger technology supporting business form expansion, interconnection technology between heterogeneous blockchains, etc. On April 25, "gege integral" introced the integral system into the concept of blockchain, opened up by multiple parties, issued and exchanged integral, and promoted the circulation of integral. All cooperative institutions can jointly participate in transaction verification, account book storage and real-time settlement; The third-party payment platform of the enterprise points issuer makes the points in and out more flexible. Bubi has developed its own basic blockchain service platform, which has been applied in equity, supply chain, credit and other fields. Bubi has been committed to building an open value circulation network with the core of decentralized (polycentric) trust, so that digital assets can flow freely
has blockchain solved any problems
the most important thing of blockchain is to solve the problem of intermediary credit. In the past, it was difficult for two people who didn't know and trust each other to reach cooperation, and they had to rely on a third party. For example, in the past, there must be a bank or an institution such as Alipay. However, through the blockchain technology, bitcoin is the first time for human beings to complete the transfer behavior that can be trusted by both parties without the participation of any intermediary. This is a major breakthrough in blockchain
the development of blockchain? The history of blockchain development
blockchain technology is the underlying technology of bitcoin. In the early days, not many people paid attention to the underlying technology of bitcoin. However, bitcoin has been running stably for many years without any centralized organization operation and management, and there have been no problems. So many people have noticed that the underlying technology may have a great mechanism, and it can be used not only in bitcoin, but also in many fields. Therefore, bitcoin technology is abstracted, which is called blockchain technology or distributed ledger technology. So from a certain point of view, bitcoin can be regarded as the first application of blockchain, and blockchain is more similar to the underlying technology such as TCP / IP, which will be extended to more and more instries in the future.
kuaishang takes the lead in applying blockchain technology to the voting field nationwide, effectively solving the trust problem of voting data, providing the most real and effective data for the participants, protecting the rights and interests of real voting users, and making blockchain technology "people-friendly", so that the general public can quickly perceive and share the information in the field of life services Enjoy the convenience of blockchain technology
Application of blockchain technology in digital asset registration
Jinzhu digital asset service platform takes the lead in using blockchain technology, which is a global distributed ledger technology with the characteristics of traceability, non tampering and non forgery. The digital assets of the platform come from the standard issuers of digital assets, and the asset value is determined by the open market to avoid overestimation or undervaluation
the application of blockchain technology in the financial instry
ant financial's independent and controllable financial grade commercial blockchain platform has been deployed in multiple social and commercial application scenarios by multiple institutions and countries. Ant blockchain platform supports second level confirmation for transactions, and the consensus mechanism uses efficient parallel consensus algorithm to ensure the high performance of the blockchain platform, Ant blockchain has been applied in many proction level applications, applying leading technologies to people's livelihood, commerce, finance and other fields.