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Qitian technology blockchain

Publish: 2021-05-07 19:42:21
1.

Ten instry application scenarios of blockchain are listed on Oracle's website, including finance, proction, ecation, media, entertainment, government, retail business, health, medical care, supply chain, insurance and public utilities. Is it very tall? But what I want to say is that these application scenarios, in front of real high-energy blockchain applications, can only hide in the corner and shiver

now the real high-energy application scenario of blockchain is Ponzi application, commonly known as "Ponzi scheme". It is a smart contract type Qianbao, a blockchain game for rolling in and out of money, an ICO for trading, and a global pension platform

Ponzi scheme is one of the oldest application scenarios of our human beings. After Internet plus, the Ponzi scheme has upgraded the Internet + "Internet plus Ponzi scheme". The Internet enabled the Ponzi scheme, so there was an event similar to the 10 billion level of Qianbao. Before the Internet era, there were few Ponzi schemes on such a large scale. They were enabled through the Internet, and paid through mobile app. Finally, they rolled for several years and reached the 10 billion level

the Internet has broken the geographical restrictions, physical restrictions, capital flow restrictions and communication restrictions. As long as you have a mobile phone, you can play Qianbao app. Everyone participates in it, everyone gets into the money, and everyone gives out the money. According to the data of the people involved, it has reached the level of one million. Relatively speaking, the online pyramid scheme (Ponzi scheme 1.0), which still stays on the top of the list, has meetings every day, can't stop brainwashing, and uses violence and illegal means. It's simple and weak. With the rise of blockchain technology, the Ponzi scheme enabled by "blockchain +" can no longer be described as adding wings like a tiger. It is like a chicken changing into a tiger. Like the Internet, the "block chaining +" technology is a solid application to enhance the application scenario. Ponzi's fraud is further upgraded in the two generation of the Internet plus, because of the major improvement and improvement of the scene, turning into Ponzi scheme 3, whose characteristics are mainly in the following aspects:

1, centralization and no summit. The smart contract of blockchain runs automatically, and it does not need human intervention, nor can it be interrupted by human. Code rules are dead and cannot be tampered with. In terms of scene improvement, it solves the biggest pain point of Ponzi scheme for thousands of years, that is, the problem of head running away. Because the head is a program and code, the program of blockchain can exist forever, and no one can delete it. I think this is the biggest breakthrough. This virtual leader is always there. He can't run away, he can't run, he can't change. The rules will never change. He will stick to the Ponzi line for 100 years, 1000 years and 10000 years. It may be said that smart contracts can be iterated, and they can also be manipulated to leave a back door. Yes, but it can be done without iteration. Even if iteration is transparent and visible, it can be seen at a glance with a back door. This is the characteristic of the blockchain smart contract. If you cheat on it, you will get out a under the teacher's eyes. No one will participate in such a smart contract when it is online. Therefore, after technical review and verification, there is no backdoor, fair rules and irreversible smart contract, which can be realized by using blockchain technology. Such reliability, once verified, will never change. This is the certainty of the smart contract. A program or a character's code will not change. It will run one million times and one trillion times, and the result will be consistent and certain

2. The process was transparent. The number, address, account number, amount and time of deposit; Number, address, account number, amount and time of payment; All visible. Blockchain has a public ledger function, which can be viewed by everyone in the world, and the ledger data viewed by everyone is completely consistent. Why does Qianbao burst? Because we can't see his background account, how much money he goes in and how much money he comes out every day, and the details of each transaction. In this way, you can see the assessment of cashing ability before you pay in, and the assessment result is absolutely certain, that is, it will not change after you pay in

3. Complete anonymization. If you've ever heard of zero proof of knowledge. This part can be skipped. In short, some of the things we used to have in the mathematical knowledge base did not have application scenarios after many inventions. Later, it was found that it was easy to use these knowledge for anonymization. The cryptography technology in the blockchain can achieve identity hiding. As we all know, Zhihu can't achieve anonymity in a real sense in terms of technical structure, and blockchain can

The rules are open and fair to all. One yuan in gold, ten yuan in rebate. Everyone is the same rule. It will never change. If you pay one yuan, go to the front and pay for it, then the back will pay for it, and then pay for it. Fair, right? I have reflected on this many times, and I think it is fair

5. Sustainable iteration. In the low-level Ponzi scheme, the leader, proct designer, benefit distributor and benefit receiver are often four in one, while the blockchain Ponzi scheme can completely logically separate the four roles. Achieve sustainable iteration. Through collaboration based on socialization, these projects can be iterated on forever. There are now 400 senior engineers who are developing around bitcoin and constantly updating the code. These people can not know anyone. As long as the application is valuable, they can continue to iterate. Which centralized project can be achieved? Even bat level companies can't employ so many professionals scattered around the world. This kind of social iteration is not affected by the changes of a specific person or organization

"blockchain" enabled Ponzi scheme uses different range of blockchain technology, because the technology in this field is still constantly updated, and the application of smart contract has only increased in the past two years. The earliest application of blockchain is bitcoin. Some people think that bitcoin itself has the characteristics of Ponzi scheme. In 2013, I wrote a reply and implicitly pointed out that this new type of Ponzi scheme will have great lethality, because it has the characteristics of no head, open account book, no running away, open and fair rules. Later, I also found that many people around me like Ponzi scheme much more than blockchain technology. As soon as I hear that bitcoin is not a Ponzi scheme, before I start talking about blockchain technology, I usually walk away in silence. On the contrary, you tell him it's a Ponzi scheme, and then they will ask, where can I buy it? Of course, there is a lot of controversy about whether bitcoin is a Ponzi scheme, because the practical application scenarios of bitcoin have been expanding

in the ICO boom, there are a lot of air coins, such as the bogus Ponzi scheme, which has no application scenarios. The buyers probably know that these air coins are Ponzi schemes, but they buy them because the packaging is good. It is estimated that there are hundreds or thousands of such air coins. The scope of the case is all over the world, and the amount involved is more than 10 billion. These ICOS use smart contracts for subscription and distribution, and then circulate in the secondary market by themselves. In this case, there is no guarantee that the money will be paid out, and some people will lose all their money. Many people, blockchain professionals, have always wanted to draw a clear line with these applications, because although these air coins use part of the blockchain technology, they are still a centralized organization or indivial behind them. There are few network nodes, and users directly converge to a certain organization or indivial when they are paid (so they will be swept away), but there is no doubt that, Air money still uses blockchain to make money and raise funds, which solves part of the problem of running away and improves the scope and communication ability of Ponzi scheme. This is an objective situation

and from this year, with the development of technology, the Ponzi scheme, which uses smart contracts to achieve more decentralization, began to surface. Smart contract locking is used for fund in and fund out to complete a complete closed loop of fund in, fund subscription and fund out. It can already be a very pure blockchain application. Some blockchain games can freely admit that they are a Ponzi game after their release. He said: you see, the rules are transparent, the code is visible, the gold entry contract is locked, they can't run away, no one intervenes, and the gold is automatically paid. Early play, early gain. This is a key breakthrough. It's a way to publicly admit that you are a Ponzi scheme, which can't be done by Ponzi scheme 1.0 and Ponzi scheme 2.0 before. Great. It's simple and rough

this solves the major obstacles in the promotion process of Ponzi scheme, which used to rely on brainwashing, but now it depends on code. You see, "this program doesn't run on its own. There's no back door in it, right? Is the leader gone? The capture of Nakamoto does not affect the continued implementation of the program, does it Therefore, the first batch of blockchain Ponzi scams are hooked by code farmers who can understand the code, and then these code farmers stand up again and say that after technical verification, it is really such an effect, driving other people who do not read the code to join

in addition to realizing the Ponzi scheme application scenarios of entertainment, gambling and fraud, blockchain also has the opportunity to make a big show in the Ponzi scheme application scenarios involving the national economy and the people's livelihood and public utilities, which can even greatly enhance people's sense of gain and happiness, and actually improve people's life. For example, the application of national or global public pension platform based on blockchain can solve several major drawbacks of pension: fund misappropriation. The account book is open, the funds are not centralized and locked, and no one can unlock it, except the recipients who meet the rules can pay out the money. There is no possibility of misappropriation

2. Inflation. The current pension system adjusts the coefficient every year according to a series of complex algorithms such as inflation. After adjustment, the recipients are often dissatisfied because the total amount has increased, but the purchasing power has decreased. Using the feature that virtual currency can't be issued, we can control the inflation rate and ensure that we get real money

3. Unpredictable problems. It is very difficult for us to predict the pension payment after 30 years, and we can predict it in advance through smart contract. Stimulate the enthusiasm of paying

4. Policy loopholes and fairness. There will be unfairness in the diversification of groups that any pension policy faces. Everyone wants to pay less and get more, pay later and raise earlier. The transparency of blockchain is refined to each account, rather than a set of general policies to plug the loopholes in the implementation process. Everyone is the same, pay more, pay earlier, pay earlier. It can even be inherited and never lost

this has greatly reced the burden and cost of the state's pension management. What the existing pension system can do, after using the blockchain technology, can still be done, such as the state subsidies, just pay money into the contract, lock it in, there will be no fake, such as compulsory payment, and every record is real and traceable. In a word, all the existing systems and rules can be linked to the chain. On the basis of not affecting the existing effect, the efficiency and output level are improved, and fairness is guaranteed. Moreover, because the cost of the huge management system is reced, the absolute number that everyone can get may be increased by a large part. This has played a real effect on improving people's lives, and also has a positive effect

2.

Blockchain platforms include Ethereum, Asch and other underlying application development platforms

Ethereum, an open source public blockchain platform with smart contract function, provides decentralized Ethereum virtual machine to process point-to-point contract through its special cryptocurrency ether (ETH)

arch, a decentralized application platform based on side chain technology. Asch is designed to lower the threshold of developers, such as using JavaScript as the application programming language and supporting relational database to store transaction data, which is believed to be very attractive to developers and small and medium-sized enterprises



extended data

in 2008, Nakamoto first proposed the concept of blockchain. In the following years, blockchain has become the core component of electronic currency bitcoin: public account book for all transactions

by using peer-to-peer network and distributed timestamp server, the blockchain database can be managed independently. The blockchain invented for bitcoin makes it the first digital currency to solve the problem of repeated consumption. Bitcoin's design is a source of inspiration for other applications

bitcoin is the absolute mainstream of digital currency, and digital currency is in full bloom. Bitcoin, litecoin, dogecoin, dashcoin are common. In addition to currency application, there are various derivative applications, such as Ethereum, Asch and other underlying application development platforms, as well as NXT, SIA, bitstocks, maidsafe, ripple and other instrial applications

3.

Blockchain is a new technology, not a disguised form of MLM. It is just claimed by many MLM organizations as "blockchain". In fact, there is no technology. It's just a practice of MLM under the name of "blockchain". The state has issued several announcements to crack down on this kind of MLM. The following is the Xinhua news report on MLM of blockchain:

blockchain is not equal to virtual currency, but also has security risks. Behind the popularity, there is exaggeration with "ulterior motives". Only by removing the flashiness, can the blockchain return to its real application value

invest 80000 yuan, change to 800000 yuan after three months? Shenzhen police cracked a huge fund-raising fraud. Under the guise of blockchain concept and 10 times income, thousands of investors were deeply involved in the case, involving up to 307 million yuan. Under the "veil of mystery" of the blockchain, the illegal elements have taken advantage of their own tricks, and the blockchain has become a "signboard" of economic crimes such as fraud and pyramid selling

why is the blockchain repeatedly "misused" by illegal activities such as pyramid selling fraud? In addition to "unknown", what is the "function" of blockchain technology itself? Since the beginning of this year, with the increase of supervision and the cooling of currency speculation, new opportunities have been brought to the development of blockchain. How about the implementation of blockchain commercial "application" The reporter of outlook news weekly recently concted an investigation

when the three-month "capital release period" promised by the trading platform expired and the staff began to "kick" in the QQ group, Tang Haiyan, who lives in Bao'an District of Shenzhen City, realized that she might have been cheated

previously, Tang Haiyan invested 80000 yuan to buy a virtual currency called "ordinary silver coin" under the introction of her classmates“ The other side said that this currency is the most advanced blockchain technology at present, with Tibetan tea as collateral. He also showed me the "technical white paper". I didn't understand blockchain, so I didn't read it carefully. "

although she doesn't know about blockchain and virtual currency, the high investment income makes Tang Haiyan full of expectations. She told reporters that companies issuing "ordinary silver coins" will regularly split the virtual currency according to the ratio of 1:10, which means that each split will make the value of "ordinary silver coins" in the hands of investors expand 10 times. As long as after a split, her investment of 80000 yuan is equivalent to the purchase of 800000 yuan worth of "ordinary silver coins", which can be sold on the trading platform to obtain huge profits

according to the rules of the trading platform, the newly purchased "ordinary silver coin" cannot be traded immediately, and it must be frozen on the platform for three months before it can enter the "release period". However, after three months, not only did Tang Haiyan not wait for the assets to double, but the 80000 yuan frozen on the platform could not be used for trading

"other investors began to question the authenticity of this investment in QQ group. As a result, the staff of the company kicked these investors out one by one, which made me feel bad." She said

The fact also proves Tang HaiYan's intuition. At the end of March 2018, Shenzhen police detected a huge fund-raising fraud, with the amount of fraud funds as high as 307 million yuan. In this case, Shenzhen Puyin blockchain Group Co., Ltd. involved in the case issued virtual currency in the mode of "blockchain + Tibetan tea" to obtain public deposits. Tang Haiyan was one of the thousands of victims

Shenzhen police investigation found that the company claimed that investors could buy and sell "ordinary silver coins" on the virtual trading platform "jucoin net" to earn a price difference

. In fact, the change of its trading price is that the company used investors' investment funds for behind the scenes operation, and once raised the price of "ordinary silver coin" from 0.5 yuan to 10 yuan, so that investors can taste some sweetness. When a large number of investors entered the market, the company continued to cash out through malicious manipulation of the price trend of "ordinary silver coin", which eventually led to the worthlessness of "ordinary silver coin" in the hands of investors

since 2018, engaging in fraud and pyramid selling under the banner of blockchain has become a common "routine" in new criminal tactics. In April 2018, Jinan police dropped a pyramid selling Gang under the guise of "western development", "national poverty alleviation", "original stocks", "blockchain" and "e-commerce", arrested more than 10 major suspects, frozen more than 100 accounts involved, and seized more than 300 million yuan of funds involved

according to Jinan police, huileyi e-commerce company designed a fake virtual disk on the Internet on the ground that the country is vigorously developing the big data instry, and released a variety of virtual currencies such as "precious currency" and "precious currency"

under the guise of giving away, they presented a certain amount of virtual currency to the New MLM staff, with the price of tens of yuan each. Then, through artificial manipulation, they appreciated the virtual currency all the way to more than 100 yuan or even hundreds of yuan, attracting people who did not know the truth to join. Finally, they "cut leeks" through the periodic fluctuation of the so-called "devaluation" of virtual currency, Finally, the purpose of seeking illegal interests is achieved

in Xi'an, a few days ago, the local police successfully cracked a huge network pyramid selling case under the banner of blockchain. According to the police, the suspect, Zheng Mou, has paid a high salary to the 9 network members, such as Zhang and Lee. Since March 28, 2018, he has gathered pyramid selling and network pyramid selling as a means to sell the virtual Datang coins at the consumption era network platform at the price of 3 yuan each, and manipulate the appreciation rate; p>

at the same time, promotion meetings were held in many cities at home and abroad to attract members. According to the development of members, 28 level agents were set up. In just 18 days, the gang developed more than 13000 registered members. At present, it has been found that the case involves 31 provinces, cities and autonomous regions in China, and the fund involved is as high as 86 million yuan

according to Tencent's 2017 pyramid selling situation awareness white paper released by Tencent security joint laboratory, in recent years, all kinds of overseas capital disk, virtual currency and ICO (initial public offering token financing of blockchain project) projects have emerged in an endless stream, which hide many risks such as illegal issuance, untrue projects, cross-border money laundering, fraud and pyramid selling, As a result, a large number of funds flow overseas. Once the market collapses, runs away or loses contact, investors often have no way to complain and the losses are difficult to recover. For example, Baichuan coin, mark coin, beta coin, dark coin, etc

the reporter of lookout Newsweek interviewed in Guangdong, Shandong, Shanghai and other places and learned that most people know that the concept of blockchain is very popular, but they "don't know where it is", and there are different opinions on the specific functions of blockchain: some people think it is used for "investment and financing", "buying and selling currency", while others think it is "a major invention of the same magnitude as the steam engine", Some entrepreneurs are even more eager to seize this "once-in-a-lifetime opportunity to get rich."

many people in the instry said that it is precisely because people have many misunderstandings about blockchain that criminals have opportunities to fish in troubled waters and mislead investors

First, blockchain is not equal to virtual currency. By the end of last year, the number of domestic ICO participants and the total volume of transactions have doubled, a large number of digital currency exchanges have fled overseas, and the agent investment mode has involved more ordinary people in high-risk investment

in many instries, we media and celebrities form interest alliances with issuers and digital exchanges to endorse and create public opinion for the "air currency" project. In December last year, nine departments including the people's Bank of China identified ICO as "suspected of illegal fund-raising, financial fraud, pyramid selling and other illegal and criminal activities"

in the interview, many people told our reporter that the existence of token has built a set of rights and interests mechanism for the development of blockchain technology, which is indispensable for stimulating the prosperity of blockchain applications“ The market practice in the past five years has proved that blockchain applications without equity mechanism are just like market economy without computers connected to the Internet and money, with greatly reced application scenarios and development speed. " An investor in Shanghai said

in fact, the token represented by bitcoin is only one of the earliest procts to verify the blockchain technology, and the two can not be equated, and the existence of token has obviously negative effects on the development of blockchain

Xiao Wei, chief engineer of network blockchain, told this reporter that the myth of ICO's sudden wealth shakes the R & D concentration of blockchain technical talents, and the myth of "sudden wealth" with hundreds of times of return tests the patience of blockchain technical R & D talents“ Many of the "comrades in arms" in the circle who used to do research and development of blockchain technology have gone to issue coins, and now few of them can insist on doing research and development and application of technology. "

Xu zewei, Secretary of the Party committee of Beijing Internet Finance Instry Association, said that under the background of China's ban on ICO, many domestic start-ups promoting blockchain applications are "selling dog meat with sheep's pawn" and financing through concept packaging of worthless tokens“ ICO has polluted the good atmosphere of innovation and entrepreneurship, and created a kind of speculative proct. Many young people are not thinking about entrepreneurship, but are thinking about issuing money, which makes us have the illusion of getting rich overnight. "

at present, more and more people in the instry begin to think about whether the development of blockchain must rely on the issuance of tokens to achieve incentives. Guo Dagang, Secretary General of Beijing Internet Finance Instry Association, told this reporter that the so-called incentive mechanism is only the theoretical basis for the project party to issue tokens for itself. Huo Xuewen, director of Beijing Municipal Bureau of financial work, also believes that if blockchain does not get rid of the dilemma of issuing currency, it will never find a legal landing mechanism

secondly, blockchain is not omnipotent and its security is at risk. Blockchain is generally considered to achieve three functions:

first, the data stored on the blockchain can not be tampered or forged, and the data has high credibility and credibility; Second, the whole process of the transaction can be traced, which can achieve accurate responsibility tracking; Third, the embedded smart contract in the blockchain can be executed automatically based on the contract, so as to improve work efficiency and rece the risk of default. It is generally believed that blockchain has broad application prospects in finance, logistics, trade and other fields

in fact, blockchain is not omnipotent, and its function has many limitations. It is generally believed that, according to the characteristics of cryptography, in order to tamper or falsify in the blockchain, more than 51% of the nodes need to be controlled in theory. When there are enough nodes in the blockchain, it is difficult to tamper with the trust creation mechanism widely participated by the public

However, in reality, digital currency exchanges are frequently attacked or even stolen. On June 20, 2018, bithumb exchange of South Korea announced on its official website that the exchange had been attacked by hackers and stolen 35 billion won, about 32 million US dollars of cryptocurrency

Ji Xinhua, known as the first generation of "hackers" in China, said that the blockchain will continue to face attacks, and the process of uploading data to the blockchain is prone to information leakage. Some people in the instry worry that once the super computing power of quantum computing is realized, it will also have a direct impact on the blockchain

Zhao Yao, a special researcher of the Institute of finance of the Chinese Academy of Social Sciences, told this reporter that the academic community has confirmed as early as 2013 that the blockchain is not perfect and there are many "cheating" strategies. As long as there are enough economic incentives, controlling attacks of more than 51% nodes does not only exist in theory

Zeng Guang, Secretary General of Shenzhen Internet Finance Association, said that the blockchain technology itself does not have the ability to do so

4. I just know your question. Please look at the following answer:
blockchain is an important concept of bitcoin. It is essentially a decentralized database and serves as the underlying technology of bitcoin. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of a bitcoin network transaction, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block
the information websites in the instry now include:
1. Dig chain network: dig chain network is a professional blockchain media information portal. Dig chain network gathers the big data of global blockchain trading institutions, takes technology as the core, creates dig chain index, dig chain flash, dig chain College and other core sectors, excavates the value of blockchain, and serves as a platform for blockchain entrepreneurs, entrepreneurs and experts Blockchain investors provide one-stop blockchain service system
2. Golden Finance: a well-known old station in the instry
3. Color cloud bit: it is also the old cloud in the instry

you can learn more about it yourself.
5.

I hope I can help you:

webpage link

abey blockchain technology is from Ciprian pungela & amp; Co., two doctors in the Department of artificial intelligence from the Department of computer science, School of mathematics and information, Western University of timishwara, Romania; Vorel negru's own research project. Constant lightweight blockchain technology and multi-layer programming and extended blockchain solution are adopted. The scale of abey's blockchain remains unchanged, with only 50 active blocks. Abey blockchain technology is suitable for the use of e-money in e-commerce system for mass transactions, and has multi-level, scalability and security, and can be programmed

according to the official white paper, abey is suitable for the blockchain solution in e-commerce system, which uses digital currency to carry out mass transactions and can carry out multi-layer programming and expansion
specific implementation method of abey blockchain Technology:
using a multi-level and programmable blockchain method to realize digital currency (for simplicity, we call it "DC"). This method can pave the way for the implementation of various e-commerce purposes, such as loan financing, completion of refundable transactions and non refundable transactions. In the first layer of the blockchain, we can realize the inherent digital currency design, which is commonly referred to as the base layer ("FL"). The various upper layers built on this foundation can be used to describe various additional functions related to various business driven application examples (which we will briefly introce below). All of the above levels are fully programmable, and can be easily adapted for various applications
although most of today's digital goods store transaction balance in the blockchain, abey's method is more similar to Pascal coin digital currency. This method uses what we call a "vault" encryption structure“ The "vault" structure can only save the balance of all accounts in the network, instead of a complete list of all completed transactions, and can be reconstructed in the evolution history of the blockchain. Since vault allows the deletion of useless content at any time, it can significantly rece the storage cost of blockchain. In contrast, at the time of writing this article, the storage space required to download bitcoin database is 70gb (the alarm rate is still growing, and it is expected to reach 300gb in 2019), so it is not feasible to use ultrabooks or notebooks with small storage space (such as 120GB or 256gb) to carry out mining operation. On the other hand, the size of the abey blockchain will remain unchanged, with only 50 blocks (at the time of writing, there are more than 525000 blocks in the bitcoin blockchain)
vault fully supports digital currency transfer between accounts. In addition, vault can assign an owner defined name to each account instead of using hashing algorithms like today's cryptocurrency - which makes the account easier to remember and makes the name public
one of the important functions that vault can help prevent the daily expenses of blockchain from being too high (especially those related to transaction history) is that vault can save such states and rece the size of blockchain itself by creating a secure of blockchain states. Because there is no transaction history and all accounts can save their direct balance, the blockchain information has the feature of partial erasure. All the blockchain states that can be stored can be regarded as landmarks of the blockchain
secure data sharing:
through the block chain structure design, for each transaction sent to the network, the block chain may contain encrypted metadata. The metadata can only be decrypted by the transaction recipient. For the transaction sent to the network, the sender's public key is included in the transaction, and the transaction receiver decrypts the metadata using the public key. Since the transaction receiver holds the private key for decryption, only the transaction receiver can implement the data decryption process. From the perspective of encryption method, although bitcoin is limited to elliptic curve cryptography, blockchain metadata can use any other encryption mechanism to complete the encryption process. This not only provides complete flexibility in security selection, but also does not have any adverse impact on the structure or function of the blockchain
scalability:
since the abey blockchain supports the creation of historical landmarks by design, it is very easy for the network itself to achieve high scalability from the point of view that the blockchain will always need to store (related to the latest existing SLS). This method completely eliminates the need to store transaction history to calculate the balance of all accounts, and can directly store all account balances, so as to ensure that the specific balance information provided by all nodes in the network meets the requirements of Byzantine consistency
proof of security and workload:
it is impossible to have two-way payment operation in abey's method (in the specified appropriate scenario, the vast majority of today's mainstream cryptocurrencies may theoretically have two-way payment operation). Each transaction means that the balance of the corresponding account is updated in a relatively simple way, and there is no special way to restore the transaction from the network pending transaction team. For the abey blockchain, since all technical / functional layers are built on vault, vault is the infrastructure of our blockchain, so vault is very important for mining operations. Our proposed blockchain model is composed of a series of blocks, each of which is generated by the nodes in the network who are willing to mine. All nodes in the network can update the account balance independently according to the transaction (part of the block), and are independent of other nodes. The mining operation will affect the first functional layer. In addition to updating the balance, each node can also update other matters that may belong to the upper functional layer in the composition of the blockchain structure. Once an update occurs, a new mining incentive block will be created. The mining reward block contains a number of new reward accounts that have been assigned to miners. The miner is the winner of the above reward according to the workload Certificate (currently there are 50 reward accounts). The way to reward is to distribute the public key of all such accounts to the reward recipient
blockchain technology layer:
abey's digital currency model contains a multi-layer structure, in which the first layer represents the realization of the digital currency itself (see Figure 7 for graphic explanation). The corresponding levels include:
tier 1 → digital currency (cryptocurrency): currency transfer, mining
tier 2 → refundable transaction and non refundable transaction: allowing the use of digital justice system to complete refundable transaction
Tier 3 → related parties and commission: allowing the automatic distribution of Commission to related parties
Tier 4 → contacting currency: by lending currency, Income based on interest
layer 5 → programmable: reserved for future realization of Turing complete programming model, so as to process blockchain data in a customized way (such as smart contract)
layer 6 → custom protocol: reserved for future use
transaction type:
abey mode allows different levels in blockchain through design, Complete a variety of transaction types. The transaction types in the second layer are as follows:
1 → fund transfer: fund transfer between accounts (1-to-1 transfer)
2 → refundable fund transfer: refundable transaction between accounts. Use escrow balance instead of regular account balance
3 → key change: change the key that can be used to process the account
4 → restore the account: recover funds from the lost and invalid account
5 → set account name: define the name of the account held by the founder
6 → sales preparation: mark the account for sale
7 → move out of the sales queue: remove the account sales mark, And the account is marked as non saleable
refundable transaction and mediator:
for the vast majority of cases, non refundable transaction is equivalent to all "pay to pay" transactions in blockchain based digital currency mode. But abey has introced the concept of refundable transactions into its digital currency model. In abey mode, the transaction marked with small flag belongs to refundable or non refundable transaction. In addition, in abey's blockchain network, each account contains two types of balance: regular and unchangeable balance (used to mark the amount that the account has received and can be paid immediately, but cannot be recovered after the payment) and escrow balance (including the transaction list marked as refundable transaction and the minutes of each transaction)
8 → payment dispute: for the corresponding transaction that has been marked as a refundable transaction, the payment dispute can be initiated only by the payer
9 → refund request: for the corresponding transaction previously marked as a refundable transaction, a refund request can be initiated, but only by the payer
10 → cancel escrow: cancel the escrow funds and return the funds to the payer immediately. It can only be initiated by the payee
11 → release trusteeship: release the trusteeship fund and add the amount to the balance of the payee's account immediately. It can only be initiated by the payer
related parties and commissions:
one of the important deficiencies in today's blockchain driven financial technology is the lack of the ability to provide rewards to related parties who sell specific procts or services. The third layer of abey blockchain can solve this problem< Lending digital currency:
lending digital currency is not only a simple and quick way to allow people to borrow legal tender, but also to ensure the security of encrypted assets. Given that today's valuable digital currencies are also used for transactions, the reason why lending digital currencies is feasible is not only that it allows borrowers to mortgage any type of cryptocurrency they save, but also that it is attractive because it is a way to retain their digital assets in a completely safe or very low-risk way. In addition, abey's model also provides built-in protection through the customer vault lending gateway (VLG), and enables the VLG to act as a buffer between the lender and the borrower
12 → borrowed funds: the borrower initiates transactions in the network, announces the intention of borrowing funds, and specifies the VLG account of the borrowed funds. The transaction is similar to depositing the balance of the regular / escrow account in the selected VLG account
13 → return of collateral: the transaction is initiated by the VLG itself. VLG will return the collateral to the borrower in accordance with the risk management policy
14 → loan repayment: the transaction is initiated by the borrower. If VLG accepts repayment of the loan in digital currency, the borrower may choose to repay the loan in digital currency. Under this condition, the digital monetary fund will be converted into VLG regular account balance<
programmable blockchain:
with its associated metadata payload, the layer of blockchain can be retained to allow the further creation of intelligent contracts between peers in the network by executing the grammar based "complete Turing basic programming language" according to the original blockchain data processing mode. For each payload, encryption or public visibility processing can be implemented, and can be performed in a dedicated virtual environment (similar to a virtual machine). This method can effectively protect data security and avoid the impact of data destruction and security vulnerabilities. The main advantage of this method is that this layer can create and enforce digital contracts without any blockchain specific programming. For Ben

6. Hello
No, blockchain is the underlying technology, and virtual currency is mostly developed or derived from this underlying technology
Mr. Yuan Wang is engaged in the development of digital asset blockchain system. If necessary, you can search "Mr. Yuan Wang" on the Internet to find detailed communication.
7. Virtual currency is not supported at the national level in China. Although some people have made money by using virtual currency, the risk is too great in case of danger
8. When it comes to blockchain, we have to talk about bitcoin. Most people in the market begin to recognize bitcoin through its market influence, because bitcoin was born on the basis of blockchain technology. Blockchain is simply an innovative application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. Applying this technology to the transaction of virtual currency can make each transaction proce a corresponding data block, so as to ensure the authenticity of information. The biggest advantage is that it cannot be forged, It solves the trust problem in data transaction environment

of course, as blockchain technology becomes more and more mature and stable, it will be more and more applied in various real instry business scenarios, including finance, social communication, Internet of things, e-commerce, games and securities trading, For example, our project of "intelligent system for ecological chain of structural hole investment and financing" is the first innovative application of this technology in the field of investment and financing. However, from the purely technical level, the main purpose of blockchain is to ensure the safety of data operation, which is the biggest advantage of this technology. So what is the relationship between blockchain technology and virtual currency? Take bitcoin as an example. Bitcoin is a virtual currency based on blockchain technology and proced through a large number of algorithms. Due to its special algorithm and the anti-counterfeiting function of blockchain technology, the total number of bitcoin will remain unchanged at 21 million. It is precisely because things are rare that bitcoin is loved by many people

so why are there a lot of virtual currency scams under the banner of blockchain in the market today? This is because these so-called innovative application companies of blockchain issue virtual currencies. Although they claim that the number of virtual currencies is very limited in the market promotion, and they can make investors earn a price difference by raising the price through currency speculation, in essence, the issuance of their virtual currencies is controlled by their companies and can be changed according to their own wishes and needs, The purpose is to make illegal profits. In the market, many investors who don't know the truth are cheated because they lack the knowledge of financial investment. They are in the spirit of speculation to earn profit. Once they are put in, these so-called virtual currencies will be manipulated by the company in the background, resulting in the loss of money. When investors enter into such a game, they often change from the original intention of speculation to gambling. When they buy at a high price and see that the price continues to fall, they will naturally make up their positions and make additional investment when there is a rebound. In this way, they are repeatedly cleaned up and cut leeks. Finally, they sink deeper and deeper and lose their property. It is precisely because the price is controlled by the company, Therefore, these companies make huge profits, even beyond the imagination of ordinary people. What we want to say about this market phenomenon is that it is not the fault of blockchain technology itself, but that it is caused by some illegal people in the market who stealthily changed the concept, took advantage of people's lack of professional knowledge of blockchain technology and financial investment, and grasped the psychology of greed for wealth< br />


the existence of these black sheep in the market confuses the public and disturbs the market. As a result, the innovative application of business scenarios based on blockchain technology has brought serious practical obstacles to the healthy development of social economy and value creation of entrepreneurial and innovative projects, such as the "structural hole investment and Financing Ecological Chain Intelligent System" project, In fact, it is based on the innovative application of blockchain + AI + OKR and other technologies in the investment and financing ecological business scenario, and redefines the investment and financing business model. The purpose is to provide enabling services for the three groups of project parties, resource providers and investors in the ecological chain to create value and fulfill value transactions, so as to significantly improve the success rate of investment and financing for the three groups of customers, without issuing virtual currency, Without manipulating the price of the virtual money market, it is a good project for the healthy development of the social economy, which is also affected. It is really painful and difficult, but it has nothing to do, and it can only bear the hardships silently. Today's view is: blockchain fraud is guilty, and blockchain technology cannot be innocent.
9. 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 decentralized database. As the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains a batch of bitcoin network transaction information, Used to verify the validity of its information (anti-counterfeiting) and generate the next block. In the implementation of the test technology of likelib public chain ecosystem, there is a high TPS architecture with similar fragmentation technology. As a public chain ecosystem with huge global usage, likelib public chain ecosystem is striving to become a worthy application king.
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