Decentralization of virtual currency platform

1. The core difference between centralization and decentralization is whether the private key is in the hands of the user. The decentralized platform can protect the user, such as celletf (celletf. IO), which solves the security problem of the user's assets, but the operation is relatively simple.

2. My mother is 70 years old. She is an ordinary retired worker. Recently, she has been tricked into joining the virtual currency. I just want to ask whether it is the old lady who keeps up with the times or the swindlers who are all pervasive? The wise man should analyze it by himself. My conclusion is that the world is clear and the swindler praises it.

3. It should be reliable.

4. That is, no one can control, not be controlled by the living center of a living group. Therefore, it can not be used as legal tender recognized by the state. There are a group of money speculators who argue that virtual currency will replace paper money every day. It's all bullshit. We must pay attention to investment risks. Now there are many pyramid schemes with virtual digital currency gimmicks to cheat money

5. Take the blockchain network mutual aid platform for example. The performance of decentralization in this platform is as follows:
open and transparent
open and transparent. Once all the information recorded on the blockchain is difficult to tamper with and cannot be hidden, users can check it at any time. Generally speaking, as long as the real name authentication is added to the plan, the blockchain will generate nodes, No one can modify (including the platform)
never downtime
the blockchain based on the public chain is not affected by any institution or indivial. As long as the incentive mechanism is effective and the Internet exists, the blockchain will exist. Generally speaking, since the platform service personnel are not available, the platform machine has been working
democratic decision-making
bottom up decision-making, blockchain proposes a variety of different consensus mechanisms to help users effectively form bottom-up decision-making and jointly participate in major decisions. Generally speaking, if the platform wants to modify a thing, for example, the content of the plan can only be carried out after more than half of the people participate in the voting, or the application for mutual aid needs mutual aid fund. When more than half of the people do not agree with the publicity, the platform will not pass.

6. In a system with many nodes, each node has a high degree of autonomy. Nodes can connect freely to each other to form a new connection unit. Any node may become the stage center, but it does not have the mandatory central control function. The influence between nodes will form nonlinear causality through the network. This open, flat and equal system phenomenon or structure is called decentralization
this is the reason for the decentralization of digital currencies such as bitcoin, Ruitai and Qianjin.

7.

The decentralization of blockchain refers to the form of social relations and content generation formed in the process of blockchain development. It is a new network content proction process relative to "centralization"

blockchain is an important concept of bitcoin, which 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 the information of a batch of bitcoin network transactions, which is used to verify the effectiveness of its information (anti-counterfeiting) and generate the next block

blockchain is unified in the whole network, so it is logically centralized. From the perspective of architecture, blockchain is based on peer-to-peer network, so it is decentralized. From the perspective of governance, blockchain makes it difficult for a few people to control the whole system through consensus algorithm, so it is decentralized

extended data:

characteristics of blockchain Decentralization:

decentralization, not without the center, but by the node to freely choose the center, freely determine the center. In short, centralization means that the center determines the node. The node must depend on the center, and the node cannot survive without the center

in a decentralized system, anyone is a node, and anyone can be a center. Any center is not permanent, but phased, and no center is mandatory for nodes

with the diversification of network service forms, the decentralized network model becomes more and more clear and possible. After the rise of Web2.0, the services provided by Wikipedia, Flickr, blogger and other network service providers are decentralized. Any participant can submit content, and Internet users can create or contribute content together

reference source: network blockchain

reference source: Network decentralization

8. Compared with centralized trading platform, what are the advantages and disadvantages of decentralized trading platform
since 2013, many decentralized trading platforms have emerged. Different from the centralized trading platform, the decentralized trading platform does not need to register an account, and can participate in the transaction by using the personal digital asset account
secondly, every transaction of the decentralized trading platform is carried out through the blockchain, and it needs to wait for the confirmation of the blockchain before the transaction is successful. At the same time, the decentralized trading platform is not responsible for keeping users' assets and private key information. On the one hand, it avoids the moral hazard of the trading platform, on the other hand, it requires you to keep your private key well
e to the low liquidity and slow transaction processing of decentralized trading platforms, the total transaction volume only accounts for 0.03% of the global total transaction volume of digital assets. At present, the tokens of airswap, kyber, 0x and omisego can be traded on huobi.pro.