What is the name of Ethereum 20 public chain
blockchain includes public blockchain, joint (instry) blockchain and private blockchain. Public chain point-to-point e-cash system: bitcoin, smart contract and decentralized application platform: Ethereum
blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies
blockchain is an important concept of bitcoin. In essence, it is 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, Used to verify the validity of its information (anti-counterfeiting) and generate the next block
extended data
according to the different degree of blockchain network centralization, three kinds of blockchains under different application scenarios are differentiated:
1. The blockchain with the whole network open and without user authorization mechanism is called public chain
2. The authorized nodes are allowed to join the network, and the information can be viewed according to the authority. It is often used in the inter agency blockchain, which is called alliance chain or instry chain
3. All the nodes in the network are in the hands of one organization, which is called private chain
alliance chain and private chain are also called licensing chain, and public chain is called non licensing chain
blockchain features
1, decentralization. Blockchain technology does not rely on additional third-party management institutions or hardware facilities, and there is no central control. In addition to the self-contained blockchain itself, each node realizes information self verification, transmission and management through distributed accounting and storage. Decentralization is the most prominent and essential feature of blockchain
2. Openness. Blockchain technology is based on open source. In addition to the private information of all parties involved in the transaction is encrypted, the data of blockchain is open to everyone. Anyone can query blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent
3. Independence. Based on consensus specifications and Protocols (similar to various mathematical algorithms such as hash algorithm used by bitcoin), the whole blockchain system does not rely on other third parties, and all nodes can automatically and safely verify and exchange data in the system without any human intervention
4. Safety. As long as 51% of all data nodes cannot be controlled, the network data cannot be arbitrarily manipulated and modified, which makes the blockchain itself relatively safe and avoids subjective and artificial data changes
5. Anonymity. Unless there are legal requirements, technically speaking, the identity information of each block node does not need to be disclosed or verified, and the information can be transferred anonymously
what is Ethereum:
Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. Blockchain technology is one of them
Ethereum platform can safely run any program users want
advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum
what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application
The design of Ethereum is very flexible and adaptable
Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields
blockchain applications of Ethereum
Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc
Ethereum has achieved more than 100 blockchain applications by many start-ups
Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged
the relationship between Ethereum and blockchain:
Ethereum is a programmable blockchain
Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes
in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency
like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"
issued based on Ethereum public chain should be observed according to the price trend of the platform.
Public chain, also known as "public chain", refers to the blockchain that anyone in the world can enter the system at any time to read data, send confirmatory transactions and compete for bookkeeping. The public chain is generally considered to be "completely decentralized", because no indivial or institution can control or tamper with the reading and writing of data in it. In terms of application, blockchain public chain mainly includes bitcoin, Ethereum, super ledger, most counterfeit currencies and smart contracts. The ancestor of blockchain public chain is bitcoin blockchain, which has the following characteristics:
1, open source code
upload the code to GitHub, and everyone can get complete blockchain data by downloading, Accept the test of the public
2, complete decentralization
anyone can become a node, each node is open, everyone can participate in the calculation of the blockchain, any node is not permanent, but phased, and any center is not mandatory for nodes. Anyone can read and send transactions, and transactions can be effectively confirmed on the blockchain. Anyone can participate in the consensus process. The consensus process determines whether a block can be added to the blockchain and the exact current state. Everyone can get financial reward from it, which is proportional to their contribution to the consensus process. These public chains are generally considered to be "completely decentralized"
3. Developing decentralized applications
through this public chain, developers can easily develop centralized applications. Public chain can protect the rights and interests of users from the influence of program developers
Public chain is also known as "public chain", and public chain refers to the blockchain that anyone in the world can read and send transactions, and transactions can be effectively confirmed, and can also participate in the consensus process. According to the different degree of blockchain network centralization, three kinds of blockchain under different application scenarios are differentiated:
1. The blockchain with open whole network and no user authorization mechanism is called public chain
2. The authorized nodes are allowed to join the network, and the information can be viewed according to the authority. It is often used in the inter agency blockchain, which is called alliance chain or instry chain
3. All the nodes in the network are in the hands of one organization, which is called private chain
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function of public chain:
1. Public chain can protect users' rights and interests from the influence of program developers:
in public chain, program developers have no right to interfere with users, so public chain can protect users' rights and interests using the program. In addition, the highly decentralized distributed data storage is also one of the biggest characteristics of the public chain, which has the advantages of openness and transparency of transaction data, and data can not be tampered with, so that the public chain can effectively protect the data security of users
2. Public chain can proce network effect:
an information proct has the inherent need of interconnection, because the purpose of people procing and using them is to better collect and exchange information. With the expansion of the network scale, users can get more value from it and their needs can be met. The common chain is open, so it has the opportunity to be applied by many external users and proce a certain degree of network effect
3. Public chain can be applied to actual business scenarios:
except for financial applications, any application scenario with high requirements for trust, security and persistence, such as asset registration, voting, management and Internet of things, will be affected by public chain on a large scale
source: network public chain
Public chain is also known as "public chain", and public chain refers to the blockchain that anyone in the world can read and send transactions, and transactions can be effectively confirmed, and can also participate in the consensus process. According to the different degree of blockchain network centralization, three kinds of blockchain under different application scenarios are differentiated:
1. The blockchain with open whole network and no user authorization mechanism is called public chain
2. The authorized nodes are allowed to join the network, and the information can be viewed according to the authority. It is often used in the inter agency blockchain, which is called alliance chain or instry chain
3. All the nodes in the network are in the hands of one organization, which is called private chain
extended data:
according to the different degree of blockchain network centralization, three different application scenarios of blockchain are differentiated:
(1) the blockchain which is open in the whole network and without user authorization mechanism is called public chain
(2) authorized nodes are allowed to join the network, and information can be viewed according to their permissions. It is often used in inter agency blockchain, which is called alliance chain or instry chain
(3) all nodes in the network are in the hands of one organization, which is called private chain
alliance chain and private chain are also called licensing chain, and public chain is called non licensing chain
Ethereum is not only a database, it also allows you to run programs in the trusted environment of the blockchain. Ethereum has built a virtual machine named EVM (Ethereum virtual machine) on the blockchain. EVM allows code to be verified and executed on the blockchain, providing guarantee for code to run in the same way on everyone's machine. These codes are included in the smart contract. In addition to tracking the account balance, Ethereum uses the same method to save the EVM status on the blockchain. All nodes process the smart contract to verify the integrity of the contract itself and its output.
as of today (October 19, 2018), AE token exists on Ethereum blockchain. In order to migrate them to the aeternity blockchain in a secure and verifiable way, the AE team designed a process in which the migration is divided into four stages. The final phase will end on September 2, 2019
after each stage, there will be a scheled hard fork of the aeternity blockchain, which will migrate tokens and introce improvements and new features
to ensure the transparency and verifiability of this migration process, users will be able to migrate using dedicated smart contract settings. There will be a tool that anyone can use to verify:
1. Generation of accounts contained in the origin block of aeternity blockchain and corresponding accounts of Ethereum
2. Scheled migration balance
Genesis block and scheled hard fork
phase 0 is the migration phase before mainnet starts. Its start date will be announced separately. Genesis block is the first block in the aeternity blockchain, which will include all tokens migrated by users in phase 0. Each of the following three phases, lasting about three months, will end with a scheled hard fork of the day and night blockchain. This means that after mainnet starts, there will be three scheled hard bifurcations. Each hard fork migrates tokens and adds or extends the functions of the aeternity blockchain, which can only be realized through hard fork. This also means that users can only receive their tokens on aeternitymainnet, one of which ends and the fork is complete. All scheled hard forks will include new features and improvements to the aeternity protocol such as governance systems or new virtual machines. A detailed timetable for the future will be announced in a separate announcement.