Bitcoin for blockchain companies
what is a blockchain? In essence, blockchain is a decentralized distributed ledger database, which is the underlying technology of bitcoin, and is associated with bitcoin. The blockchain itself is actually a series of data blocks generated by the use of cryptography, each of which contains the information of effective confirmation of multiple bitcoin network transactions
whenever an encrypted transaction occurs, miners with strong computing power in the network begin to use the algorithm to decrypt and verify the transaction, creating new blocks to record the latest transaction. New blocks are added to the end of the original blockchain in time order, and the account book will keep growing and extending
through the complex setting of public key and private key, the blockchain network will broadcast all the transaction books of the whole financial network in real time, distribute the transaction records to each client in real time, and ensure that everyone can only modify their own property. Of course, there are other people's transaction records in the account book. Although you can see the numerical value and the corresponding transaction address (which is basically composed of a long piece of disordered letters and numbers), you can't know the real identity of the trader without using other technical means
what is a blockchain? Since last year, the concept of blockchain has become popular, especially in some developed countries. Blockchain is also known as subversion, which is very popular all over the world. Blockchain will be the first to impact the financial instry, and then will affect a wider range of economic fields. The prediction is based on several core characteristics of blockchain: decentralization, distributed ledger, point-to-point transmission, tamper proof, etc. Because the birth of blockchain is quite magical, and its development is also concerned with the rise of bitcoin in the world, many people will confuse the relationship between blockchain and bitcoin. Some people think that blockchain is a parent-child relationship with bitcoin, while others think that blockchain was born after bitcoin. But in fact, blockchain is the underlying supporting technology of bitcoin, which can be compared with TCP / IP protocol in the Internet. From a certain point of view, bitcoin can be regarded as the first practical application of blockchain generated simultaneously with blockchain
Application of blockchain technology? Since its establishment, Bubi blockchain has been focusing on the R & D and innovation of blockchain technology and procts. It has a number of core technologies, and has made substantial innovation in many aspects, forming a number of core technological achievements, such as: mathematically proven distributed consensus technology, fast large-scale account book access technology, multi chain general ledger technology supporting business form expansion The interconnection technology between heterogeneous blockchains. 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
what is a blockchain? Application of blockchain technology? We can use bitcoin to describe several application prospects of blockchain. Bitcoin can be said to be a decentralized currency or asset. Every bitcoin can be traced back and found by everyone at any time. This application prospect means that if the transactions between people can return to the original form of barter from the current monetary value measurement method, then the measure of value is no longer legal currency, but bitcoin or other virtual currencies or virtual assets generated by the blockchain, The benefits of the current sharing economy are just the tip of the iceberg. If this traceability, query and tamper proof feature of bitcoin is applied to credit record system, identity authentication system or property right authentication system, many things like "is this house my property?"“ Whether I am unmarried or married "will not exist at all. According to the current development trend, blockchain will not only reshape all aspects of money market, payment system, financial services and economic form, but also change every field of human life.
blockchain technology is not only the underlying technology of bitcoin, but also the core and infrastructure of bitcoin bitcoin has been running without any centralized organization operation and management. Later, bitcoin technology was abstracted, which was called blockchain technology or distributed ledger technology
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disadvantages of blockchain technology applied to digital currency:
first, there is no circulation management organization for "decentralization" blockchain technology is essentially a distributed database system with one-way linked list logic structure and P2P network design mode, which determines that there is no unified central control system for virtual currency based on blockchain technology
Second, it is difficult to effectively control the quantity supply the circulation of virtual currency based on blockchain technology is fixed, and according to Fisher Equation, the total transaction volume of the whole society under a certain price level in a certain period has a certain proportion with the required nominal currency volume, while the constant currency volume obviously can not meet the requirements of the growing total price of social goods Thirdly, "mining mechanism" is difficult to create recognized value bitcoin itself has no value and no national credit support. Some people think that "by continuously consuming computing power and energy to inject value into virtual currency", but it is obviously not the most efficient choice to consume millions of calculations in order to find a hash value that meets the requirements Fourthly, procers and early holders are easy to get high seigniorage any virtual currency based on blockchain technology is held by a few people at the initial stage of its development. Take bitcoin as an example. At first, bitcoin was only a proct of a few people's game. The first bitcoin purchase in May 2010 was $10000 BTC's purchase of $25 pizza. The first bitcoin transaction completed in July of the same year was $0.04/btcHenggang to Longgang central city
Metro Line 3
Henggang
walk 10 meters
get on at Henggang station
Metro Line 3 (Shuanglong direction) 6 stations
get off at Longcheng Square Station (exit d)
walk 780 meters
Longgang central city