Blockchain rewards

1. Block chain is a public record of bitcoin transactions in chronological order. The block chain is shared by all bitcoin users. It is used to verify the permanence of bitcoin transactions and prevent double consumption
a block is a record in the block chain, which contains and confirms the transactions to be processed. On average, a new block containing transactions is added to the block chain by mining every 10 minutes
more can be found on bitcoin home.

3. The incentive layer mainly includes the issuance system and distribution system of economic incentive, whose function is to provide incentive measures, encourage nodes to participate in the security verification work in the blockchain, and bring economic factors into the blockchain technology system, encourage nodes who comply with the rules to participate in bookkeeping, and punish nodes who do not comply with the rules.

4. There are token rewards
blockchain – the original blockchain is a kind of decentralized database, which contains a list called blocks, with continuously growing and orderly records. Each block contains a timestamp and a link to the previous block: the blockchain is designed so that the data can not be tampered with - once recorded, the data in a block will be irreversible

the design of blockchain is a kind of protection measure, such as (applied to) distributed computing system with high fault tolerance. Blockchain makes hybrid consistency possible. This makes blockchain suitable for recording events, titles, medical records and other activities that need to include data, identity management, transaction process management and provenance management. Blockchain has great potential for financial disintermediation and has great influence on guiding Global trade.

5. I contribute to the whole system, and the system rewards me< Make complaints about br / > block chain

6. Yes, cutting edge technology will reward publishers for providing high-quality content.

7. You're talking about mining. Anyone can run software on specialized hardware and become a bitcoin miner. Mining software monitors transaction broadcast through P2P network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners can earn transaction fees paid by users to speed up transaction processing and additional bitcoin issued according to fixed formula
new transactions need to be included in a block with mathematical workload proof before they can be confirmed. This kind of proof is hard to generate because it can only be generated by trying billions of calculations per second. Miners need to run these calculations before their blocks are accepted and rewarded. As more people start mining, the difficulty of finding effective blocks will be automatically increased by the network to ensure that the average time to find a block remains at 10 minutes. Therefore, the competition for mining is very fierce, and no indivial miner can control the content contained in the block chain
workload proof is also designed to rely on previous blocks, which forces the time sequence of block chain. This design makes it extremely difficult to cancel previous transactions, because the workload proof of all subsequent blocks needs to be recalculated. When two blocks are found at the same time, the miner will process the first block received, and once the next block is found, it will be transferred to the longest block chain. This ensures that the mining process maintains a global consistency based on processing capacity
bitcoin miners can neither increase their rewards by cheating, nor deal with the fraulent transactions that destroy the bitcoin network, because all bitcoin nodes will reject the blocks containing invalid data that violate the bitcoin protocol rules. Therefore, even if not all bitcoin miners can be trusted, the bitcoin network is still secure.

8. Blockchain is a term in the field of information technology. In essence, it is a shared database. The data or information stored in it is characterized by "unforgeability", "trace in the whole process", "traceability", "openness and transparency" and "collective maintenance". Based on these characteristics, blockchain technology has laid a solid "trust" foundation, created a reliable "cooperation" mechanism, and has broad application prospects
response time: December 28, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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