Humorous sentences of blockchain
blockchain technology is not only the underlying technology of bitcoin, but also the core and infrastructure of bitcoin bitcoin has been running without any centralized organization operation and management. Later, bitcoin technology was abstracted, which was called blockchain technology or distributed ledger technology
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disadvantages of blockchain technology applied to digital currency:
first, there is no circulation management organization for "decentralization" blockchain technology is essentially a distributed database system with one-way linked list logic structure and P2P network design mode, which determines that there is no unified central control system for virtual currency based on blockchain technology
Second, it is difficult to effectively control the quantity supply the circulation of virtual currency based on blockchain technology is fixed, and according to Fisher Equation, the total transaction volume of the whole society under a certain price level in a certain period has a certain proportion with the required nominal currency volume, while the constant currency volume obviously can not meet the requirements of the growing total price of social goods Thirdly, "mining mechanism" is difficult to create recognized value bitcoin itself has no value and no national credit support. Some people think that "by continuously consuming computing power and energy to inject value into virtual currency", but it is obviously not the most efficient choice to consume millions of calculations in order to find a hash value that meets the requirements Fourthly, procers and early holders are easy to get high seigniorage any virtual currency based on blockchain technology is held by a few people at the initial stage of its development. Take bitcoin as an example. At first, bitcoin was only a proct of a few people's game. The first bitcoin purchase in May 2010 was $10000 BTC's purchase of $25 pizza. The first bitcoin transaction completed in July of the same year was $0.04/btc blockchain is used to record public data together, or more narrowly, to keep accounts
for example, you recorded that Zhang San owes you 10000 yuan in your computer, and Zhang San said that you still owe me 1 million yuan in my computer. So what
it used to be solved like this: find a notary, and your accounts will be recorded in the notary. In case of any dispute, the notary's account book shall prevail. For example, this is what banks do. Both of your money is deposited with him. There are records of transfers and loans
blockchain solves this problem: when you keep an account in your own computer, Zhang San also records the same data in his own computer. After recording, you two check with each other and agree. This account is officially recorded. There is no need for the participation of a third party or the so-called "authority" or "certification body"
the way that everyone keeps accounts together is also known as "distributed" or "decentralized", because everyone keeps accounts, and the accuracy of the account book is determined by the program algorithm, not an authoritative organization
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blockchain is characterized by abnormal security, non tampering, accessibility and no third party
its application scenarios include, but are not limited to, no need to prove that "my mother is my mother" in the future. The tamper proof feature of blockchain technology has fundamentally changed this situation. Our birth certificate, real estate certificate and marriage certificate can be notarized on the blockchain, becoming something trusted by the whole world. Of course, it can also easily prove that "my mother is my mother"
for another example, we often use Ctrip, meituan and other apps to find and place orders for hotels and other services, and each platform gets a commission from them. The application of blockchain is to remove middlemen and create a secure and decentralized way for service providers and customers, so as to achieve the purpose of direct connection and transaction
then he built a mine pool, and many people bought mining machines in his custody
he can continuously earn money from the mine pool