Ethereum bifurcation ratio
The capacity of a block in bitcoin is 1m (megabytes). A transaction is between 250 and 500 bytes
according to this algorithm, a block contains about 4194.3 transactions
the confirmation time of a block in bitcoin is 10 minutes, so the seven transactions that a block can process per second may sometimes be less than seven
What are the consequences The bifurcations of
bitcoin are divided into hard bifurcations and soft bifurcations
hard fork means that when the block format or transaction format of bitcoin changes, the UN upgraded nodes refuse to verify the blocks proced by the upgraded nodes
the upgraded nodes can verify the blocks proced by the non upgraded nodes, and they continue the chain they think is correct, so they are divided into two chains
What is soft bifurcationsoft bifurcation means that when the data structure of bitcoin transaction changes,
UN upgraded nodes can verify the blocks proced by upgraded nodes,
and upgraded nodes can also verify the blocks proced by UN upgraded nodes
after Ethereum bifurcates into etheric fog, the two will exist and develop together< br />
compared with the existing cloud computing, fog computing does not rely on the remote server located in the central computer room, but intelligently connects to the nearest distributed computer resources, so as to achieve the most efficient utilization of computing resources. This topology is characterized by decentralized peer-to-peer network, which is a perfect match with blockchain. If cloud computing represents efficient computing power in the Internet era, then in the era of Internet of things and value networking blockchain, fog computing should be the most efficient way of computing power networking
therefore, compared with the evolution of cloud computing, which is a kind of centralized computing, fog computing is to share computing tasks with all kinds of powerful devices around us, and realize the evolution of decentralized and distributed computing, which coincides with the philosophy of blockchain itself. However, it is necessary to encourage the owners of distributed computing resources to contribute computing power to the fog computing network. It is not only difficult for centralized enterprises (such as Cisco) to organize supply and demand market settlement in real time and monopolize, but also contrary to the decentralized distributed philosophy of fog computing itself, which is difficult to be widely recognized, It is difficult to find a satisfactory solution on how to settle the compensation of fog calculation reasonably
we can see that Amazon's AWS, Microsoft's azure and Alibaba's aliyun are all centralized operators operating centralized computing services, and the combination of blockchain value network and cloud computing network, which are both decentralized philosophy, is almost perfect. Ethereumfog is born for this purpose. Upgrading Ethereum based on Ethereum will really bring fog computing to us. In the near future, many personal computing devices may contribute their computing power to do useful things on ethereumfog chain, and do not waste every resource to earn corresponding returns< We use cloud computing, but it runs in the remote data center; Fog is close to the ground and lingers around us. Fog computing makes both computing and storage decentralized distributed on the devices around us. The combination of blockchain and value Internet makes more people willing to let their computing resources participate in it. The organic combination of supply and demand is becoming more powerful. Ethereumfog etherfog (ETF) is opening the door to the new world of Ethereum.
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the most critical problem is that in the business environment, there needs to be an efficient consensus mechanism, Turing completeness, support for smart contracts and other application scenarios. Therefore, Ethereum came into being in this situation, and its founder was called vitalik buterin. What are the characteristics of Ethereum? First of all, it is a universal global blockchain, that is, it belongs to the public chain, which is the same as bitcoin, and can be used to manage financial and non-financial applications. At the same time, Ethereum is also a platform and programming language, including the digital currency ether and the Ethernet script used to build and publish distributed applications, that is, the smart contract programming language.
let's talk about the value foundation of Ethereum - blockchain technology. The original idea of the framework proposed by akamoto is to enable indivials to quickly complete online transactions without traditional middlemen or third parties. This technical framework is known as blockchain. Blockchain is an indestructible digital ledger, which can be set to record not only financial transactions, but also almost all valuable information without fear of tampering
in the simplest model, blockchain is a simple distributed ledger. However, the internal meaning of blockchain is far greater than the surface meaning of its name. Blockchain can transfer the value itself in the process of transaction. As Sally rivers, a technology author of the financial times, said, in terms of bitcoin, blockchain means the same to it as Internet means to e-mail.