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What is the significance of Ethereum's private chain

Publish: 2021-05-26 04:18:25
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2.

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"

3. This needs to be recharged, but we must pay attention to the risk. This chain is not particularly mainstream. It may be the capital disk or counterfeit currency.
4. Wait, Ethereum is a public chain. Do you mean the token issued above? You can set the total amount
5.

The public chain is open to all, the private chain is open to indivials who meet specific conditions, and the alliance chain is open to authorized organizations or institutions

public chain, also known as public blockchains, refers to a consensus blockchain that can be read by anyone in the world, sent by anyone, and effectively confirmed

private chain, also known as fully private blockchains, refers to the blockchain in which the write permission is completely in the hands of an organization, and all nodes participating in the blockchain will be strictly controlled

alliance chain, or alliance blockchains, refers to a blockchain that is managed by several organizations or institutions. Each organization or institution controls one or more nodes and records transaction data together. Only these organizations and institutions can read, write and send transaction data in the alliance chain

< H2 > extended data:

blockchain has three types: public chain, private chain and alliance chain

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. It is essentially a disintermediated 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 bitcoin network transaction, Used to verify the validity of its information (anti-counterfeiting) and generate the next block

< H2 > reference: blockchain network
6. Yes, but it is better to use overseas servers. In addition, the server configuration should be medium or above.
7. To create a Genesis configuration file:
first, you need to create a "Genesis" JSON configuration file, which describes some parameters of the genesis block. The following is the content of the file:
{
& quot; coinbase": & quot;& quot;,< br />" config": {< br />" homesteadBlock": 5
},
" difficulty": & quot; 0x20000",< br />" extraData": & quot; 0x",< br />" gasLimit": & quot; 0x2FEFD8",< br />" mixhash": & quot;& quot;,< br />" nonce": & quot; 0x0",< br />" parentHash": & quot; 000000000000000000000000",< br />" timestamp": & quot; 0x00",< br />" alloc": {< br />"& quot;:< br />{
" balance":& quot;& quot;
}
}
} 1234567891011213141516171819

the above code into a text file and name it genesis.json

Genesis!:
in order not to conflict with the data of the main chain, it is recommended to establish your own private chain data folder. On my computer, I built an ethdbspace as the Ethereum experimental work area on disk e, and created a privchain folder as the data storage folder of my first private chain
here, in order to facilitate management, I put genesis.json under the ethdbspace folder
open the windows command line

type the following command
geth -- dataDir & quot; E:\ EthDBSpace\ PrivChain" init " E:\ EthDBSpace\ genesis.json" 1

– the dataDir option is used to specify the data directory of our private chain. On my computer, it's E: &; EthDBSpace\ Privchain
init is the genesis command, followed by our Genesis configuration file path
after clicking enter, the execution result is as follows

at this time, genesis is complete
create an account:
in order to do experiments on the private chain, we also need to create our own account on the private chain
windows command line, type
geth -- dataDir & quot; E:\ EthDBSpace\ PrivChain" Console1

we have successfully created the world, so when we enter the client for the second time, we do not need to specify the genesis.json file path again, but directly – dataDir to indicate the private link data path
the console command is used to open the command line of geth
after clicking enter, the client will be initialized for a while. After the command prompt appears, it means that you have entered the geth console

type
personal. Newaccount (& #) in the geth command line; Your Password') 1

the personal.newaccount function is used to create an account, in which the parameter is the account password.
after clicking enter, the account creation address will be listed in green below the command, that is, the public key of the account.
we can check the account balance first, In the geth command line, type:
My = eth. Accounts [0]
eth. Getbalance (my) 12

My = eth. Accounts [0]. The purpose of this sentence is to assign the account address we just created to my variable. This can simplify the subsequent account address input. Among them, eth.accounts records the addresses of all accounts on this machine. Since we created an account for the first time, there is only one account on the computer at present. So here we use eth. Accounts [0] to extract the first account address. The eth.getbalance function is used to obtain the account balance, and the parameters are filled in the account address. The my variable here records the address of the first account

I hope my answer can help you
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