Position: Home page » Blockchain » The essence of blockchain

The essence of blockchain

Publish: 2021-03-23 21:55:53
1. The essential value of blockchain lies in its application of technology, which can centralize the technology of the whole region.
2. Blockchain is a new application mode of computer technology, such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and so on. As an important concept of bitcoin, blockchain 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 bitcoin network transaction information, which is used to verify the validity of the information and generate the next block
this is a passage in Alibaba's documentary dreamer. When ps: is repeated many times, it can explain the term "third parties" very well. This is also the beginning of Taobao and Alipay's birth. In other words, at that time, Ali was forced to act as a "third party" because no company could play such a role, so Ali became a center of trust. Businesses and users chose to give money to Ali because of "trust". But what if Ali absconds with money (though impossible...) or if the financial operator has problems (after all, it's human...)? If only there was a machine or a "super system" to do these things! Today, more than ten years after the replacement of Internet technology, blockchain appears in front of us, right! It's the super system;! A machine of trust
with blockchain, things start to change
traditional centralized mode:
decentralized mode under blockchain network:
in decentralized network, each user can be directly contacted without any third party's participation, and the transfer between users is like hand-in-hand cash, which is why bitcoin is called "e-cash"
well, now that a has transferred the money to B, who will charge the account? Alipay has helped me keep account of accounts, which will be unified in Alipay backstage system. In order to make all the transactions of the users recorded and the accounts are correct, Alipay will make great efforts to this end. Look at Alipay's initial
1000 bills per day. Artificial reconciliation is already very painful. With the volume of Alipay now, there are less than hundreds of thousands of bills per day, even if the system reconciliation is unavoidable, and it is necessary to pay the corresponding manpower and material resources to maintain this very complex revenue and expenditure clearing system. Having said so much, how does the blockchain reconcile? The answer is: no! There is no need for reconciliation and zero clearing in the blockchain network, because every node in the blockchain (a computer or a user) has its own account book, which is updated in real time. Any transaction in the blockchain network will be recorded in your own account book. Yes, you also have other people's accounts, But you don't know who this person is, because they all look like this:
3.

The price of a bitcoin soared from more than $20000 to $40000. This can not help but arouse my research interest, or simply understand what bitcoin is, what its mechanism looks like, and uncover its mystery. Therefore, after a simple search of some information and some understanding of the special currency, I sorted out the information on hand< (3) purpose: decentralize, rece risk



(3) only the central server can store and process data in the central network; Large amount of data storage; The central manager has great authority

all servers in the distributed network can store and process data, and each server has equal status, which can store more data and has higher security<
this is the general content of popular science. If you want to know more about it, you can take a look at Nakamoto's paper and the official popular science video below

4. The essence of blockchain is a decentralized distributed ledger. Every transaction is recorded in this account book, and each participating node has one , so as to prevent the account book from being tampered with. Data loss will not be caused by the failure of a single node (such as the centralized server of the bank), and it can exist forever
it establishes a set of consensus mechanism to ensure the authenticity of data, and establishes trust between nodes that do not know each other. The participating nodes work together to maintain the healthy growth of the system
in order to stimulate the enthusiasm of participants, bitcoin, the first application of blockchain, was created.
5. The essence of blockchain is a distributed ledger. For example, the bank system is also the account book, which has a complete set of information system to store various transaction information such as access, loan, exchange and so on. Blockchain has several keywords:
1. Distributed: ledger is not only stored in one place, but in many places
2. General ledger: you can determine that you are not necessarily a machine stored general ledger through the network, but you can at least obtain the general ledger from the network
3. Decentralization: "distributed" is not a general distribution, but a decentralized distribution. No one can control and tamper with it, its accounting rules are based on some designed mathematical method to account for all rights. How to test, how to use, are in accordance with an open method to complete, so in essence is an account book
coin Ying China is the first to introce blockchain into the crowdfunding instry, making crowdfunding more open, transparent and simple.
6. Bitcoin virtual currency was invented by Nakamoto (alias) in 2009
the underlying technology of blockchain bitcoin is actually that it supports the stability of bitcoin in the past eight years. You can understand it as a subversive accounting method or database, and the core is decentralization
ICO, which is essentially blockchain crowdfunding. If an enterprise does ICO, you can understand it as IPO, But the financing is not money, but virtual currency, such as 3000 bitcoins. Of course, you can choose to sell it in any country in exchange for the legal tender of a country
7. Chongqing jinwowo: blockchain is suitable for applications in scenarios where mutual trust among multiple parties is required. In essence, the consensus and verification process will introce a lot of rendant computing, and the additional computing will inevitably rece the efficiency. Therefore, without any premise, blockchain is an inefficient solution from a technical point of view.
Hot content
Inn digger Publish: 2021-05-29 20:04:36 Views: 341
Purchase of virtual currency in trust contract dispute Publish: 2021-05-29 20:04:33 Views: 942
Blockchain trust machine Publish: 2021-05-29 20:04:26 Views: 720
Brief introduction of ant mine Publish: 2021-05-29 20:04:25 Views: 848
Will digital currency open in November Publish: 2021-05-29 19:56:16 Views: 861
Global digital currency asset exchange Publish: 2021-05-29 19:54:29 Views: 603
Mining chip machine S11 Publish: 2021-05-29 19:54:26 Views: 945
Ethereum algorithm Sha3 Publish: 2021-05-29 19:52:40 Views: 643
Talking about blockchain is not reliable Publish: 2021-05-29 19:52:26 Views: 754
Mining machine node query Publish: 2021-05-29 19:36:37 Views: 750