Blockchain review

1.

What is the prospect of blockchain technology? The following is just personal experience and opinions, for reference and learning only

I have been in touch with the blockchain instry for many years, and I have my own views and understanding from its ups and downs. I personally think blockchain technology is still very good. The reasons are as follows:

first, blockchain technology as a rookie after the Internet, the Internet is the transmission of information, and blockchain is the exchange of value. The development trend of blockchain is similar to that of Internet

2. After the blockchain has gone through great waves and been widely misunderstood, there are still many blockchain explorers and practitioners in the instry making continuous efforts

Third, with the attention of the country and other countries to the blockchain instry, governments all over the country have set up blockchain development funds to promote the development of the local blockchain instry, so as to occupy the highland of the blockchain instry

Fourthly, the Internet of things is the development trend in the future. In the face of the growing demand of the Internet of things ecosystem, the computing power of the central server is severely challenged, and decentralization becomes the key to solve this problem

the above content is only a new point of view, or it needs specific analysis of specific issues. After all, practice is the only standard to test the truth

2.

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, which is used to verify the effectiveness of its information (anti-counterfeiting) and generate the next block

blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies

in a narrow sense, blockchain is a kind of chain data structure that combines data blocks in a sequential way according to the time sequence, and it can not be tampered with and forged by cryptography

broadly speaking, blockchain technology uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, and uses cryptography to ensure the security of data transmission and access It is a new distributed infrastructure and computing method to program and operate data by using intelligent contract composed of automated script code

extended data:

the evolution mode of blockchain is as follows:

& 9642; Blockchain 1.0 - digital currency

▪ Blockchain 2.0 - digital assets and smart contracts

▪ Blockchain 3.0 - Implementation of distributed applications in various instries

blockchain features:

1. Disintermediation. Due to the use of Distributed Accounting and storage, there is no centralized hardware or management organization in the system, the rights and obligations of any node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system

2. Openness. The system is open. In addition to the private information of all parties to the transaction is encrypted, the data of the blockchain is open to all. Anyone can query the blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent

3. Autonomy. Blockchain adopts consensus based specifications and Protocols (such as a set of open and transparent algorithms) to enable all nodes in the whole system to exchange data freely and safely in a de trusted environment, so that the trust in "people" is changed into the trust in machines, and any human intervention does not work

The information can not be tampered with. Once the information is verified and added to the blockchain, it will be stored permanently. Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of the database on a single node is invalid. Therefore, the data stability and reliability of the blockchain are extremely high

5. Anonymity. Because the exchange between nodes follows a fixed algorithm, the data interaction does not need to be trusted (the program rules in the blockchain will judge whether the activity is effective). Therefore, the counterparties do not need to make the other party trust themselves by disclosing their identities, which is very helpful for the accumulation of credit

3.

The strict definition of blockchain refers to the distributed database technology that multiple nodes in peer-to-peer network jointly maintain a continuously growing list ledger constructed by time stamp and orderly record data blocks through consensus mechanism based on cryptography technology. This technical solution allows any number of nodes in the participating system to calculate and record all the information exchange data in the system in a period of time to a data block through cryptography algorithm, and generate the fingerprint of the data block for linking the next data block and checking. All participating nodes in the system jointly determine whether the record is true

blockchain is a technical solution similar to NoSQL (non relational database). It is not a specific technology, and can be implemented through many programming languages and architectures. There are many ways to realize blockchain, including pow (proof of work), POS (proof of stake), dpos (delegate proof of stake), etc

the concept of blockchain was first proposed in the paper "bitcoin: a peer-to-peer electronic cash system" by indivials (or groups) who call themselves Satoshi Nakamoto. Therefore, bitcoin can be regarded as the first application of blockchain in the field of financial payment

< H2 > [popular explanation]

no matter how big the system or how small the website is, there is a database behind it. So who will maintain this database? In general, who is responsible for the operation of the network or system, then who is responsible for the maintenance. If it is wechat database, it must be maintained by Tencent team, and Taobao database is maintained by Alibaba team. We must think that this way is natural, but blockchain technology is not

if we think of the database as a book, for example, Alipay is a typical account book. Any change of data is bookkeeping. We can think of database maintenance as a very simple way of accounting. In the world of blockchain, everyone in the blockchain system has the opportunity to participate in bookkeeping. The system will select the fastest and best bookkeeper in a period of time, maybe within ten seconds or ten minutes. The bookkeeper will record the changes of the database and the account book in a block. We can think of this block as a page. After the system confirms that the records are correct, the system will record the changes of the database and the account book in a block, It will link the fingerprint of the past account book to this paper, and then send this paper to everyone else in the whole system. Then, over and over again, the system will look for the next person with fast and good bookkeeping, and everyone else in the system will get a of the whole ledger. This means that everyone as like as two peas in the system is called Blockchain. It is also called distributed account technology. P>

as like as two peas (computer) have identical accounting books, and everyone has the same rights, they will not collapse e to the loss of contact or downtime of a single person. As like as two peas, the data is transparent and everyone can see what changes are in every account. Its very interesting feature is that the data can't be tampered with. Because the system will automatically compare, it will think that the same number of books with the largest number are real books, and a small number of books with different numbers are false books. In this case, it's meaningless for anyone to tamper with his own account book, because unless you can tamper with most nodes in the whole system. If there are only five or ten nodes in the whole system, it may be easy to do so. However, if there are tens of thousands or even hundreds of thousands of nodes and they are distributed in any corner of the Internet, unless someone can control most computers in the world, it is unlikely to tamper with such a large block chain

< H2 > [elements]

combined with the definition of blockchain, we think that we must have the following four elements to be called public blockchain technology. If we only have the first three elements, we will consider it as private blockchain Technology (private chain)

1, peer-to-peer network (power equivalence, physical point-to-point connection)

2, verifiable data structure (verifiable PKC system, non tampering database)

3, distributed consensus mechanism (Solving Byzantine general problem, solving double payment)

4 Game design of Nash equilibrium (cooperation is the strategy of evolutionary stability)

< H2 > [Characteristics]

combined with the definition of blockchain, blockchain will realize four main characteristics: decentralized, trustless, collective maintenance and reliable database. And the other two will be derived from the four characteristics  Features: open source  Privacy. If a system does not have these characteristics, it can not be regarded as an application based on blockchain technology

Decentralized: there is no centralized hardware or management organization in the whole network. The rights and obligations of any node are equal, and the damage or loss of any node will not affect the operation of the whole system. Therefore, it can also be considered that the blockchain system has excellent robustness

trustworthiness: there is no need to trust each other when participating in the data exchange between each node in the whole system. The operation rules of the whole system are open and transparent, and all data contents are also open. Therefore, within the specified rule range and time range of the system, nodes cannot and cannot cheat other nodes

collective maintenance: the data blocks in the system are maintained by all the nodes with maintenance function in the whole system, and these nodes with maintenance function can be participated by anyone

reliable database: the whole system will enable each participating node to obtain a of the complete database in the form of sub databases. Unless more than 51% of the nodes in the whole system can be controlled at the same time, the modification of the database on a single node is invalid, and the data content on other nodes cannot be affected. Therefore, the more nodes and computing power in the system, the higher the data security in the system

Open Source: since the operation rules of the whole system must be open and transparent, the whole system must be open source for the program

Privacy Protection: since there is no need to trust each other between nodes, there is no need to disclose the identity between nodes, and the privacy of each participating node in the system is protected

4.

1、 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

2. Application

1. Art instry

ascribe enables artists to declare ownership by using blockchain technology, issue numbered and limited edition works, and target at any type of digital form of art. It even includes a trading market where artists can buy and sell through their websites without any intermediary services

In recent years, bitproof is the most advanced application in many document time stamp applications, which will make the traditional notarization method become the past. Bitproof offers more services than free versions including blocksgin and originstaemp, including one for intellectual property. Interestingly, bitproof recently cooperated with an it school in San Francisco to put their students' academic certificates on the blockchain, completely redefining how to handle and use diplomas and student certificates

Development instry colu is the first enterprise to allow other enterprises to issue digital assets. They can "token" all kinds of assets to impress many people. Although the free bitcoin wallet couperparty also allows simple tokens to be issued and traded among other wallet holders, the tokens of colu can be set with various states and types, can be detached from or returned to the system, and can be stored on BitTorrent's network when the data stored on the blockchain is too large

4. Real estate instry

they plan to make the whole instry chain process more modern and solve various problems faced by everyone when participating in real estate, including naming process, land registration, agency, etc

5, Internet of things

a possible application scenario is: generate corresponding behavior through transaction, assign address to each device, inject a certain fee into the address, and perform relevant actions, so as to achieve the application of Internet of things. Similar to: PM2.5 monitoring point data acquisition, server leasing, webcam data call, DNS server, etc

6. Insurance instry in the past two years, the hottest topic in the field of science and technology can not be separated from blockchain technology. This underlying technology, born out of bitcoin, has proved its highly secure and reliable architecture and algorithm design with more than seven years of stable operation. At the same time, with innovative technologies such as distributed ledger and smart contract, it has opened up a huge imagination space for instrial upgrading of many instries. Some instry experts even predict that blockchain technology will set off the second Internet revolution

extended materials:

in 2008, Nakamoto proposed the concept of "blockchain" in the white paper on bitcoin, and established bitcoin network in 2009, developing the first block, namely "Genesis block"

the shared value system of blockchain was first imitated by many cryptocurrencies, and improved in workload proof and algorithm, such as equity proof and scrypt algorithm. Subsequently, the blockchain ecosystem has been evolving all over the world, with the emergence of ICO for the first token sale, Ethereum for smart contract blockchain, "asset token sharing economy with light ownership and heavy right to use" and blockchain countries

at present, people are using this shared value system to develop decentralized applications (DAPP) in all walks of life, and build decentralized autonomous organizations and decentralized autonomous communities (DAS) around the world

5.

First of all, don't think too much about blockchain. It's a database storage system that is distributed all over the world and can work together. Different from the traditional database operation, where the read and write permissions are controlled by a company or a centralized hand (the centralized feature), blockchain believes that anyone who has the ability to set up a server node can participate in it. Gold diggers from all over the world deploy their own nodes locally and connect to the blockchain network to become a node in the distributed database storage system; Once joined, the node enjoys the same rights and obligations as all other nodes (decentralized, distributed features). At the same time, for those who carry out services on the blockchain, they can read and write to any node in the system. Finally, all nodes in the world will synchronize one after another according to some mechanism, so that the data of all nodes in the blockchain network is completely consistent

blockchain itself is a technology, so it can't be a fraud. Just like the normalized "P2P" finance in recent years, how many fraudsters are wearing the concept of P2P to illegally absorb public funds and cheat people's hard-earned money? But is "P2P" guilty? It's just an indivial to indivial mode of Internet finance. It not only creates profits, but also helps thousands of people get rid of poverty, so as to achieve a win-win situation between the poor and the poor. The problems of currency exchange digital currency trading platform

can not hinder the development of blockchain, such as simple payment verification, side chain, lightning network protocol and other technologies proposed and in-depth research, which has been the problem solved by blockchain

6. Will not return to your principal, just like you bought life insurance, when the accident will pay you a certain loss, the principal will not return. Alipay safety insurance claims 100% compensation, 1 million upper limit!

7. The full name of SC is siacoin, which is the token of the decentralized cloud storage project SIA. SIA advocates sharing economy, so that everyone has the opportunity to rent their remaining disk space, and we can also use it to store files safely. Due to the characteristics of SIA, all the files are encrypted. The owner of the file has a password, and only they can open it. The ownership of the file is guaranteed by technical means
SIA is a decentralized cloud storage platform. Their mission is to make our storage services more affordable, and at the same time, we are more and more assured of storing files. It will be more and more convenient for us to store and share files. At present, SIA is in the early stage, its availability and reliability still need to be improved, and there are also great uncertainties in the future
however, blockchain is actually just a technology, not an asset. However, digital currency can be regarded as an asset category, and the token of different crowdfunding projects on coin Ying China platform will use blockchain technology.

8. The advantage of blockchain lies in its decentralization and distrust. It is a reliable database maintained collectively. In the future, blockchain mainly depends on the national development strategy and supervision.

9. Blockchain and financial technology have become the hot spots of world investment in recent two years. Central banks and commercial banks in many countries are studying related projects. This is an interdisciplinary research topic, covering finance, computer, law, communication, management, mathematics, statistics, psychology, economics and sociology
the first generation of blockchain is represented by bitcoin chain, and the second generation is represented by ripple and Ethereum chain. These two generations of technologies need to be improved in terms of privacy and scalability, and there is a certain distance from commercial applications of banks, especially in bank settlement and stock trading, which are often mentioned
scholars are developing the third generation blockchain to change the architecture and application scenarios of blockchain. The development of the third generation blockchain will be based on systems engineering, software engineering, cloud computing, big data, computational law and application fields, combined with software, hardware, communication technology and a new application thinking and process
this new thinking is digital society. Gartner Group believes that human beings will enter the digital society in 2016, and blockchain is one of the 10 important technologies in the digital society. This digital society research project will change the financial sector (including banks and exchanges), the legal sector, and even the whole human society
this speech will mention the new blockchain architecture and possible banking application scenarios proposed by Beihang digital society and blockchain laboratory
however, the specific research results are not clear, and now there are many researches on blockchain. There are also many related projects, such as Ethereum, the distributed content publishing platform decent.