Blockchain rules

1.

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

on January 10, 2019, the state Internet Information Office issued the regulations on the management of blockchain information services. In October 24, 2019, ring the eighteenth collective learning of the Central Political Bureau, general secretary Xi Jinping stressed that "block chain as an important breakthrough in core technology and independent innovation", "accelerating the development of block chain technology and instrial innovation". "Blockchain" has entered the public field of vision and become the focus of social attention

on December 2, 2019, the word was selected into the top ten catchwords of "biting words" in 2019

extended data:

Application of blockchain Finance:

since 2016, the major financial giants have also carried out blockchain innovation projects to explore the possibility of applying blockchain Technology in various financial scenarios. In particular, Puyin group took the lead in creating a "blockchain +" standard digital currency

standard digital currency refers to the process of assets identification, evaluation, right confirmation and insurance completed by a third party organization, which is written into the blockchain through careful digital algorithm to form the standard corresponding relationship between assets and digital currency, which is called standard digital currency

in order to realize the great leap forward development of blockchain finance, promote the new development of China's economy, accelerate the circulation of global assets, and realize the dream of rejuvenation that has been struggling for generations, Puyin group will hold the Guiyang strategic development ceremony of Puyin blockchain finance in Guizhou on December 9, 2016

the meeting will discuss the realization of digital circulation of assets by blockchain, the financial transaction mode of blockchain, and the application of blockchain services and social public instry. This conference will mark the beginning of the application of blockchain finance and the change and development of the new financial ecology

on June 1, 2020, Xinhua news agency was authorized to broadcast the "overall plan for the construction of Hainan free trade port" issued by the CPC Central Committee and the State Council, which will "actively participate in the formulation of international rules for cross-border data flow, and establish standards and rules for data rights confirmation, data trading, data security and blockchain finance" as one of the key tasks of Hainan free trade port before 2035

2.

The strict definition of blockchain refers to the distributed database technology that multiple nodes in peer-to-peer network jointly maintain a continuously growing list ledger constructed by time stamp and orderly record data blocks through consensus mechanism based on cryptography technology. This technical solution allows any number of nodes in the participating system to calculate and record all the information exchange data in the system in a period of time to a data block through cryptography algorithm, and generate the fingerprint of the data block for linking the next data block and checking. All participating nodes in the system jointly determine whether the record is true

blockchain is a technical solution similar to NoSQL (non relational database). It is not a specific technology, and can be implemented through many programming languages and architectures. There are many ways to realize blockchain, including pow (proof of work), POS (proof of stake), dpos (delegate proof of stake), etc

the concept of blockchain was first proposed in the paper "bitcoin: a peer-to-peer electronic cash system" by indivials (or groups) who call themselves Satoshi Nakamoto. Therefore, bitcoin can be regarded as the first application of blockchain in the field of financial payment

< H2 > [popular explanation]

no matter how big the system or how small the website is, there is a database behind it. So who will maintain this database? In general, who is responsible for the operation of the network or system, then who is responsible for the maintenance. If it is wechat database, it must be maintained by Tencent team, and Taobao database is maintained by Alibaba team. We must think that this way is natural, but blockchain technology is not

if we think of the database as a book, for example, Alipay is a typical account book. Any change of data is bookkeeping. We can think of database maintenance as a very simple way of accounting. In the world of blockchain, everyone in the blockchain system has the opportunity to participate in bookkeeping. The system will select the fastest and best bookkeeper in a period of time, maybe within ten seconds or ten minutes. The bookkeeper will record the changes of the database and the account book in a block. We can think of this block as a page. After the system confirms that the records are correct, the system will record the changes of the database and the account book in a block, It will link the fingerprint of the past account book to this paper, and then send this paper to everyone else in the whole system. Then, over and over again, the system will look for the next person with fast and good bookkeeping, and everyone else in the system will get a of the whole ledger. This means that everyone as like as two peas in the system is called Blockchain. It is also called distributed account technology. P>

as like as two peas (computer) have identical accounting books, and everyone has the same rights, they will not collapse e to the loss of contact or downtime of a single person. As like as two peas, the data is transparent and everyone can see what changes are in every account. Its very interesting feature is that the data can't be tampered with. Because the system will automatically compare, it will think that the same number of books with the largest number are real books, and a small number of books with different numbers are false books. In this case, it's meaningless for anyone to tamper with his own account book, because unless you can tamper with most nodes in the whole system. If there are only five or ten nodes in the whole system, it may be easy to do so. However, if there are tens of thousands or even hundreds of thousands of nodes and they are distributed in any corner of the Internet, unless someone can control most computers in the world, it is unlikely to tamper with such a large block chain

< H2 > [elements]

combined with the definition of blockchain, we think that we must have the following four elements to be called public blockchain technology. If we only have the first three elements, we will consider it as private blockchain Technology (private chain)

1, peer-to-peer network (power equivalence, physical point-to-point connection)

2, verifiable data structure (verifiable PKC system, non tampering database)

3, distributed consensus mechanism (Solving Byzantine general problem, solving double payment)

4 Game design of Nash equilibrium (cooperation is the strategy of evolutionary stability)

< H2 > [Characteristics]

combined with the definition of blockchain, blockchain will realize four main characteristics: decentralized, trustless, collective maintenance and reliable database. And the other two will be derived from the four characteristics  Features: open source  Privacy. If a system does not have these characteristics, it can not be regarded as an application based on blockchain technology

Decentralized: there is no centralized hardware or management organization in the whole network. The rights and obligations of any node are equal, and the damage or loss of any node will not affect the operation of the whole system. Therefore, it can also be considered that the blockchain system has excellent robustness

trustworthiness: there is no need to trust each other when participating in the data exchange between each node in the whole system. The operation rules of the whole system are open and transparent, and all data contents are also open. Therefore, within the specified rule range and time range of the system, nodes cannot and cannot cheat other nodes

collective maintenance: the data blocks in the system are maintained by all the nodes with maintenance function in the whole system, and these nodes with maintenance function can be participated by anyone

reliable database: the whole system will enable each participating node to obtain a of the complete database in the form of sub databases. Unless more than 51% of the nodes in the whole system can be controlled at the same time, the modification of the database on a single node is invalid, and the data content on other nodes cannot be affected. Therefore, the more nodes and computing power in the system, the higher the data security in the system

Open Source: since the operation rules of the whole system must be open and transparent, the whole system must be open source for the program

Privacy Protection: since there is no need to trust each other between nodes, there is no need to disclose the identity between nodes, and the privacy of each participating node in the system is protected

3. 1-contains a distributed database

2-The distributed database is the physical carrier of the blockchain, and the blockchain is the logical carrier of the transaction. All core nodes should contain the full of the blockchain data

3-The blockchain serializes the blocks according to time, and the blockchain is the only body of the whole network transaction data

4-The blockchain is only effective for adding, Invalid for other operations

5-public-private key verification based on asymmetric encryption

6-accounting node requires that Byzantine general problem can be solved / avoided

7-consensus progress is evolutionarily stable, that is, it will not collapse in the face of a certain amount of contradictory data of different nodes

8-consensus process can solve the problem of double spending

five characteristics of blockchain:
decentralized
e to the use of Distributed Accounting and storage, there is no centralized hardware or management organization, the rights and obligations of any node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system
thanks to the decentralization of blockchain, bitcoin also has the characteristics of decentralization [6]
openness
the system is open, in addition to the private information of all parties to the transaction is encrypted, the data of the blockchain is open to all, and anyone can query the blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent
autonomy
blockchain adopts consensus based specifications and Protocols (such as a set of open and transparent algorithms) to enable all nodes in the whole system to exchange data freely and safely in a de trusted environment, so that the trust in "people" is changed into the trust in machines, and any human intervention does not work
information cannot be tampered with
once the information is verified and added to the blockchain, it will be stored permanently. Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of the database on a single node is invalid, so the data stability and reliability of the blockchain are extremely high<
anonymity
since the exchange between nodes follows a fixed algorithm, their data interaction does not need trust (the program rules in the blockchain will judge whether the activity is effective by themselves), so the counterparties do not need to let the counterparties generate their own trust by disclosing their identities, which is very helpful for credit accumulation.

4. 1. Public chain, no official organization and management organization, no central server, participating nodes freely access to the network according to the system rules, not controlled, and work based on consensus mechanism among nodes Subversive: absolutely credible and open) < br > typical case: digital currency represents bitcoin < br > 2. The private chain is built within a group. The operation rules of the system are set according to the requirements of the group, and the modification or read permissions are limited to some extent, while maintaining the authenticity and partial decentralization of the blockchain Typical case: R3 < br > 3. Alliance chain, jointly initiated by several institutions, is between the public chain and the private chain, and has the characteristics of partial decentralization. The read permission on the fast chain in this area may be public or partially public, that is to say, multiple pre selected nodes are designated as bookkeepers internally, and the pre selected nodes compete for bookkeeping permission, Other access nodes can participate in the transaction, but not the accounting process The abilities of the candidates should not be uneven< Br > (relatively credible and open) < br > existing cases: Super ledger < br > example:? In the case of loan diversion, when the user jumps to the other party's website for registration through our link, the docking party can choose to cheat and say that it has not received the user's registration request. However, if we put the user registration behavior into the block, if the docking party wants to receive the user registration behavior, it must pay us at the same time.

5. The hierarchical structure of blockchain
1, data layer / data layer
the data layer mainly describes the physical form of blockchain, which is a chain structure starting from Genesis block on blockchain, including block data, chain structure, random number, time stamp, public and private key data on blockchain, and is the lowest level data structure in the whole blockchain technology
2. Network layer / network layer
the network layer mainly realizes the mechanism of distributed network through P2P technology, and the network layer includes P2P networking mechanism, data dissemination mechanism and data verification mechanism. Therefore, blockchain is essentially a P2P network with automatic networking mechanism, and the communication between nodes is maintained by maintaining a common blockchain structure
3. Consensus layer / consensus layer
consensus layer mainly includes consensus algorithm and consensus mechanism, which enables highly dispersed nodes to reach consensus on the effectiveness of block data efficiently in the decentralized blockchain network. It is one of the core technologies of blockchain and also the governance mechanism of blockchain community. At present, there are at least dozens of consensus mechanism algorithms, including workload proof, rights and interests proof, rights and interests authorization proof, burning proof, importance proof and so on
data layer, network layer and consensus layer are the necessary elements of building blockchain technology. Without any layer, it can not be called a real blockchain technology
4. Incentive layer / activator layer
the incentive layer mainly includes the issuing system and distribution system of economic incentive. Its function is to provide certain incentive measures, encourage nodes to participate in the security verification work in the blockchain, incorporate economic factors into the blockchain technology system, encourage nodes that comply with rules to participate in bookkeeping, and punish nodes that do not comply with rules
5. Contract layer / contract layer
the contract layer mainly includes various scripts, codes, algorithm mechanisms and smart contracts, which is the basis of block chain programming. Embedding the code into the blockchain or token, realizing the smart contract that can be customized, and automatically executing without a third party when certain constraints are met, is the foundation of the blockchain's distrust
6. Application layer / application layer
the application layer of blockchain encapsulates various application scenarios and cases, which are similar to applications on computer operating system, portals on Internet browsers, search engines, e-malls or apps on mobile phones. The blockchain technology applications are deployed on Ethereum, EOS and qtum, and are implemented in real life scenarios. The future programmable finance and programmable society will also be built on the application layer
incentive layer, contract layer and application layer are not necessary factors for each blockchain application, and some blockchain applications do not completely include the three-tier structure.

6. Safety still needs to understand the platform carefully, including the risk control measures of the platform. As long as you want to choose a bank deposit, performance insurance, but this is for investment.

7. 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
Yao Yudong, director of the Financial Research Institute of the people's Bank of China, once bluntly said: "he was born on the Internet and died on the blockchain." In order to warn those traditional financial institutions and Internet giants who are not sensitive to blockchain technology.

8. A new resolution initiated by representative Adam kinzinger, a Republican from Indiana, has been submitted to the US House of Representatives, calling on the government to formulate national policies on emerging technologies, including digital currency and blockchain technology
the resolution calls on the idea of bitcoin, but does not directly mention its name. Instead, it calls it "alternative illegal currency". Blockchain technology is the key point, which points out that this technology has the potential to "fundamentally change" the way trust and security are built on online transactions
but in fact, the United States has not taken action to formulate this rule. However, there is a global blockchain alliance R3 in the process of formulating the standard for the use of blockchain. Of course, blockchain is just a technology that can be used by any enterprise. In China, there is a project called decent, which is more avant-garde. It uses blockchain technology to build a decentralized content publishing platform, but it may encounter some problems in China.