What is the bottleneck of blockchain

1. Jinwowo analysis believes that blockchain mainly solves the trust and security problems of transactions. Once the information is confirmed and added to the blockchain, it will be permanently stored. Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of data on a single node cannot be realized. Therefore, the data stability and reliability of blockchain are very high
e to the use of Distributed Accounting and storage, there is no centralized hardware or management organization, the rights and obligations of each node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system.

2.

Since 2017, the concept of blockchain, which has been popular all over the society and the world, is still heating up, attracting people and social funds; Boost bitcoin, as well as similar network "encrypted digital currency" (such as ether coin, Wright coin, etc.) price rise, created a lot of "overnight rich" myth. The argument that digital currency and blockchain will subvert tradition and profoundly change the world is constantly rising. The start-up and development of blockchain seems to be coming like a roaring sea, but it is more and more concentrated in coin making and speculation, and more and more trapped in the thinking and paradigm of "bitcoin blockchain" of mining and coin making

in the case that bitcoin must be exchanged with fiat money and must join the network trading platform and other auxiliary links in order to play a greater function, the characteristics of bitcoin blockchain such as area center and disintermediation may have serious problems. In the real world, if the transfer of monetary assets is operated through the bitcoin blockchain system, it will actually increase the intermediary link rather than disintermediation. Moreover, because the bitcoin system is highly anonymous and deliberately evades supervision, it is difficult to fully meet the requirements of anti money laundering and anti-terrorism transportation. On the contrary, many new serious problems may arise, Many arguments about bitcoin and blockchain are difficult to hold

those unseen pain points

the so-called labels of bitcoin blockchain, such as "decentralization", "democracy, equality and freedom", can not stand scrutiny; The truth is that if it puts too much emphasis on "decentralization", it will affect efficiency; Bitcoin has not yet become a real currency; The ICO type fund-raising method is not concive to the development of blockchain... But when people enthusiastically pursue blockchain like faith, they can not see these "pain points":

first, bitcoin blockchain is difficult to build a decentralized, democratic and equal society

bitcoin blockchain system envisages the establishment of an equal and democratic world for all participants, but in fact, the core team of coding maintenance and the main forces involved in mining and operation are not so equal and democratic. Due to the influence of computer computing power, the mining and acquisition of bitcoin are not equal as advertised. As a result of competition, the opportunities of mining and acquiring bitcoin are more and more concentrated on a small number of mining pools or nodes with powerful computing power. However, more and more people are involved in mining, consuming resources, but they may not be able to obtain bitcoin. This makes bitcoin more occupied by a few people, and will enhance its voice or influence on the adjustment of network rules

secondly, there are strict conditions for bitcoin blockchain to "de trust" and "de mediate" point-to-point transactions

3. 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

4. Blockchain technology is known to all, but blockchain problems also emerge one after another
for example, general enterprises lack large-scale enterprise ecological infrastructure, mature applications, developers and immature middleware and tools. In the network system established by blockchain, the data information that each block can carry is real and secure, Therefore, the research and development of blockchain technology needs to have higher technical requirements for the level of professional knowledge of the participants. It is not easy for small and medium-sized enterprises to develop blockchain technology with their own thin technical team
in the future, jinwowo will continue to tap the value of blockchain technology in the commercial field, give full play to the advantages of big data services, add value to user behavior, break the ice for the development of small and medium-sized enterprises, and build a real, efficient, safe and honest Internet community of destiny.

5. The application innovation of blockchain shows a rapid development trend, and shows great application value potential. However, the bottleneck of blockchain technology, the bottleneck of market heat, the bottleneck of narrow application field and the bottleneck of instrial ecology constitute the four bottlenecks of application innovation in blockchain field. Therefore, as an infrastructure area chain project aelf, a decentralized cloud computing blockchain network can solve the above problems, and has three characteristics: high performance, resource isolation, token holder's proxy voting governance structure. Among them, high performance is reflected in the,? All nodes of LF can run on the server cluster; Resource isolation is reflected in that each smart contract has its own blockchain. Refer to the telgram account of the aelf project team.

6. The first factor is to promote on-demand trading and rece unnecessary trading volume. In the node, the positive n-order matrix is a natural cabinet for data storage. Its output uniqueness perfectly solves the integrity of sealed data. The use of pointer greatly improves the feasibility of this scheme. Shortening the verification time can increase the transaction frequency. Chainnova is a blockchain company. I feel it's very good.

7. There are two main problems
the first is that blockchain generally establishes a decentralized security maintenance mechanism through incentive system, but there is a disadvantage that the general incentive system will issue money, which is not supported in China
the second is the technical bottleneck, and the TPS of blockchain is generally not high, which can not support the landing of a large number of applications