Main features of bitcoin and blockchain

1.

blockchain technology is a new technology derived from the development of bitcoin economy, blockchain technology can effectively serve the bitcoin economy , they are interrelated. Bitcoin is a kind of virtual currency, which only circulates in a specific network economic environment, blockchain technology can not only be applied to the economy, but also can be used in all walks of life , which is their difference

Blockchain technology

because blockchain technology is still a new proct at present, it has no accurate or definite definition and concept. In short, blockchain technology is a mode of data encryption management, which can protect data to a great extent. Blockchain technology is characterized by decentralization, openness, independence, security and anonymity. Its characteristics well adapt to the requirements of information protection and information disclosure in all walks of life. On the one hand, it ensures the security of data and avoids the interference of subjective emotions and system failures. On the other hand, data indivials can decide whether to hide their detailed information in the group to the greatest extent, so as to achieve the purpose of privacy protection

At the same time, there is no doubt that the blockchain technology is still in the state of preliminary development. The social understanding of it is not deep enough, and scholars are still in the stage of continuous exploration. Through the correct use, blockchain technology will bring many positive effects to the society

2. Blockchain has the following characteristics:
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

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

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

3.

According to reports, blockchain has the advantages of decentralization, distrust and tamper proof

compared with the Internet, the blockchain network conceived by Cosmos not only realizes information interaction, but also realizes the transmission of asset value. Through the IBC cross chain protocol, the token can be transferred across the chain between the blockchains based on Cosmos' tendermint core. For the public chains based on POW consensus mechanism like Ethereum, pegged zone can be used to bridge

Article source: bit110 network

4.

A: the basic characteristics of blockchain

I. 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

Second, openness

the foundation of blockchain technology is 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

Third, 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

Four, safety

as long as 51% of all data nodes cannot be controlled, the network data cannot be arbitrarily controlled 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 transmission can be anonymous

5.

You can participate in it with small funds. Bijing is the next generation Internet outlet. The following is my investment experience in the past year. I hope it can help you

taking advantage of the holiday to relax physically and mentally, I took stock of the pits I stepped on and sorted out the gains and losses. My experience is as follows

1. In the early days, I believed too much in the big V of the coin circle and bought some coins from their platform. Now it is close to zero. I feel that I am really naive to believe their lies. In the face of the temptation of huge wealth, people can hardly stand the test. Of course, they can't get beyond it. However, if they don't accept what they say and do, they will lose their moral bottom line. They make a lot of money, leaving me shivering on the top of the mountain

two, the official account of the currency circle and all kinds of media, the judgement of the market trend is almost the same as that of the throwing dice. Of course, this is not to say that the media are totally irresponsible, or that they are not competent at all. In fact, some media are more reluctant to feather their feathers and do their best to analyze projects for fans and judge the trend. But don't forget, in essence, the market is unpredictable, otherwise it will not be called the market. Makers and leeks are always playing cat and mouse games. The prediction of the media will often provide the smart makers with reverse action guide. When most media are optimistic about the market, it is also the time for the makers to raise their sickle; When the media generally think that the market needs further exploration, the makers may be stealing Yu Jiancang, which is not difficult to understand, because the media acts as the opinion leaders of leeks

Third, the current market mainly shows the characteristics of investment gold plate, with speculation as the main factor, and the real block chain value investment has not been reflected. The performance is that almost all counterfeit currencies are linked with the rise and fall of bitcoin. Why bitcoin? Because there is no other standard to rely on. If there is no killer application, this linkage effect is difficult to break, and there will not be a real bull market in the currency market. The killer applications mentioned here are not like Ethereum, such as issuing currency and being an underlying public chain, but have real landing application scenarios, which can link the virtual digital assets on the chain to the supply and demand of real scenes. At the same time, DAPP should have a good user experience and be accepted by the public outside the coin circle. In this way, digital currency will have real support, and the development of blockchain will usher in the spring, otherwise it will be speculation

Fourthly, we often set out from the historical phenomenon to form the expectation of the future. In 2017, some counterfeit coins went out of the market 100 times or even higher, so I always felt that the counterfeit coins in my hand had gone up three or five times after I bought them, which was not enjoyable and not in place. As a result, I didn't sell them in time, so it was rotten in my hand. To analyze, this is not the time. At that time, there were less projects and more funds. At this time, there were more projects and less funds. The situation is just the opposite. Ignorance and greed are very dangerous. Since 2018, with the big V's profits leaving the market, the funds in the market have shrunk significantly. Even the rising market is the game of the original funds in the market, and the profit-making effect is getting smaller and smaller. The funds outside the market are waiting and waiting. Only when there is a wealth making effect, can the funds outside the market have the impulse to come in

Fifthly, new ways of playing appear constantly. As the effect of making money is getting smaller and smaller, new leeks become old ones. Traditional harvesting methods are difficult to cut down the order. Only by making some innovations can leeks flock to the market. Fcoin trading, mining, firebull video and so on, has made a small number of people rich and at the same time, it has made a large number of people miserable. In essence, these projects are all capital games of drum beating and flower passing, with no change in dressing or soup. The earlier we participate, the more accounting we have. When we wait for leeks to participate, they are basically in the middle and late stage. If we put money in, they will be harvested. I, fcoin, because I participated earlier and made a small profit, but firebull participated later and was cut as soon as I went in. Fortunately, I only tried to cast a little bit

Will the market rise again? The answer is yes. In two ways. On the one hand, blockchain is the trend in the future, which has formed a consensus. It is said that there is a rule that can prove whether a technology can become a trend in the future. It depends on whether the number of articles published on this technology can multiply every year. Blockchain is fully in line with this rule. On the other hand, as mentioned above, the current market is mainly capital market. So even if blockchain is not the future trend, it will still come out of a good market. Because the characteristic of the capital market is that when the capital enters the market, the market will rise, and when the capital withdraws from the market, the market will come down, and there is no reason for the capital to enter or leave the market. At present, there are not only retail investors, but also large investors and institutions in the market. What is covered is not only leeks, but also makers who cut vegetables but did not cut them. No matter who is in the currency circle, there is only one purpose, that is to make money. If the market doesn't rise, there will be no big money making effect. If it falls for a long time, it will rise. This is an irrefutable law. Of course, whether indivial investors can make money depends on their own fortune

future plans:

first, the best policy. Strictly control the position, adjust the layout and stay away from the air currency. Position control is always the first and the lifeline of investors. After losing money, we realized the importance of position control. Now I really regret that if I didn't enter the warehouse, I wouldn't be so deep. So far, decisively clear all the air projects, and more or less free up a little money. Then, select a few high-quality projects to make fixed investment, if the funds are not enough, a small part can be disbursed from the daily income. To do this well, we need to make up an important link, that is learning. In the past, I didn't know whether the project was good or bad, but I didn't learn enough and my skills were shallow. It's better to focus on study than on reading the market, consulting the public number and asking for information. The accumulated knowledge and skills are also a kind of wealth, and no one can take them away. It is necessary to learn the basic knowledge of economy, finance and investment, as well as the knowledge of blockchain. I have read some books (general knowledge of economics, one course of economics, Xiangshuai's finance course at Peking University (I get a subscription, but I can't provide an electronic version), buffet's rule, buffet's Guide to read financial report, blockchain technology guide, decoding blockchain complete works), and give the link address (link:

< Yun class = "ikqb Yun box" data)_ Title: "decoding the complete set of blockchain" data_ size="" data_ filelogo=" https://gss0.bdstatic.com//yun-file-logo/file-logo-6.png " data_ number="1" data_ sharelink=" https://pan..com/s/1ZLfb1k2Z9M7Q6NEJn6ocdg " data_ Code = "sbmv" > < / Yun >

extract code: SBMV) you can download it when you need it

Second, the medium strategy. Do oversold rebound. Small earning effect does not mean no earning effect. We must invest small funds in one or two projects, and we must go in and out quickly when there is a sharp drop and most people feel panic. We must not be in love with war You can focus on one or two big public accounts to judge the panic of the market.)

Third, the worst way. Make a wool party. On the premise of not wasting energy, it's OK to get candy and some welfare. In the current market, grasshopper is also meat. The traditional way of getting candy is too cumbersome. We found two candy delivery platform projects, one is the fulcrum:

the other is the ant Miner:

the former airdrops all kinds of candy from time to time, and at the same time has the social attribute of the community. It operates in a systematic way and obtains the strategic investment of coin safety and fire coin; The latter is a brand new candy game platform of candy world, which accumulates candy in the form of chicken laying game. It is reported that it has just won the strategic investment of gbls (Global sleepless blockchain Leaders Summit)

in addition, some dapps in the testing stage are also worth a try. Anyway, it doesn't involve any energy. It's just a way to relax after work. Fighting video (IOS version: https://fir.im/51ds Android version: http://a.app.qq.com/o/simple.jsppkgname=com.xysk.mvpart.douxi , invitation code: wn4viz), focusing on the vertical segmentation of professional artists, fans can accumulate star power and sign in every day to get stars. Stars can be exchanged for prizes or sold in private. October is the right time to go online

6. M stands for trillion, and one trillion equals one trillion, which is 229.86920 trillion

7.

Please refer to the article I wrote myself

tell you what blockchain is in three minutes

blockchain allows full name to participate in bookkeeping, which makes full name bookkeeping more stable. Since there is no specific bookkeeper in the system, any node in the system will not be affected if it is lost or destroyed Have you ever come across an error code 404 on a webpage?) Full name bookkeeping is safer! The system stipulates that the same number of accounting books with the largest number are true accounting books, and a small number of accounting books that are inconsistent with other accounting books are false accounting books, which makes it difficult for blockchain with enough nodes to be attacked or tampered with. These nodes are distributed in any corner of the Internet, and cannot be tampered with unless you are God and can control most computers in the world. Therefore, blockchain is considered to be the most secure way of data management in history. Full name bookkeeping is more efficient. Because there is no centralized intermediary, automatic operation through pre-set proceres can greatly rece costs and improve efficiency, and ensure that the process and content of accounting records are open and transparent

bitcoin is just an experimental application of blockchain technology in the field of payment. Blockchain can also be used in broader fields, such as medical treatment, Internet of things, security authentication, social networking and artificial intelligence

The Economist calls blockchain a "trust machine" and believes that it will have a huge and far-reaching impact on global finance and even social structure. To sum up in one sentence, block technology is a way that all participants in the system can cooperate to record logs through cryptography without mutual trust

this is blockchain

8.

Characteristics of blockchain

one of the four characteristics of blockchain: tamper proof

the most easily understood characteristic of blockchain is tamper proof

tamper proof is based on the unique account book of "block + Chain": the blocks with transactions are added to the end of the chain in time order. To modify the data in a block, you need to regenerate all blocks after it
one of the important roles of consensus mechanism is to make it almost impossible to modify a large number of blocks at high cost. Take the blockchain network (such as bitcoin and Ethereum) with workload proof as an example, only with 51% of computing power can all blocks be regenerated to tamper with data. However, the destruction of data is not in line with the self-interest of players with large computing power. This practical design enhances the reliability of data on the blockchain
generally, the transaction data in the blockchain ledger can not be "modified", it can only be "modified" through the new transactions that are approved. The process of correction will leave traces, which is why the blockchain can not be tampered with. Tampering refers to changing or misinterpreting by means of forgery
in today's common files and relational data, unless a special design is adopted, the system itself does not record modification traces. Blockchain ledger adopts a design different from that of files and databases. It draws on the design of ledger in reality, that is, to retain the traces of records. Therefore, we can not "modify" the account book without leaving traces, but can only "modify" the account book (see Figure 2)

Figure 6: bitcoin is centralized in the organization and logically centralized

when we imagine the future organization, the ideal prototype in our mind is often bitcoin organization: completely decentralized autonomous organization. But in practice, for the sake of efficiency and advancement, we will move closer to the centralized organization and finally find a suitable balance point

nowadays, in the blockchain projects that are created and issued through the smart contract of Ethereum and run in a community or ecological way, the ideal state of many projects is similar to the bitcoin organization, but the actual situation is between the completely decentralized organization and the traditional company

when we discuss the fourth feature of blockchain, which is decentralized self-organization, we are actually going out of the code world, involving human organization and collaboration. Now, various discussions and practical explorations have also revealed the significance of blockchain beyond technology: it may serve as an infrastructure to support human proction organization and collaborative change. This is another example of the complete isomorphism between blockchain and Internet. Internet is not only a technology, it has changed people's organization and collaboration

in general, Ethereum has brought blockchain into a new stage. When discussing Ethereum, if we want to summarize two key words, they are smart contract and token; If I can only say one, I will choose "Tong Zheng". I would rather look for its meaning from the history of the Internet and repeat the previous analogy: as a token of value, its role is similar to HTML. With HTML, what kind of website to build depends entirely on our imagination