Blockchain generation mechanism
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. 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
some areas where blockchain can be used can be as follows:
& ᦇ 9642; Smart contract; Securities trading; E-commerce; Internet of things; Social communication; File storage; Proof of existence; Authentication
&9642; Equity crowdfunding
we can compare the development of blockchain with the development of the Internet itself. In the future, something called finance Internet will be formed on the Internet. This thing is based on blockchain, and its precursor is bitcoin, that is, traditional finance starts from private chain and instry chain (LAN), bitcoin series starts from public chain (WAN), They all express the same concept - digital asset, and finally converge to an intermediate equilibrium point
The evolution mode ofblockchain 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
Seeing some answers to the debate on the definition of blockchain, I suddenly realize that my answer to this explanation principle has always been directed at bitcoin. There is no specific and unique answer in the instry between the definition of blockchain. Here I first summarize the characteristics of "blockchain" according to the papers I read:
1; Hash chain & quot There are several nodes participating in the system operation (distributed)
3. Reach a consensus on the consistency of basic data (consensus agreement / algorithm) through a certain protocol or algorithm
since bitcoin is currently one of the most typical and influential applications of blockchain, it will be much easier to understand how bitcoin uses blockchain before understanding other forms of blockchain applications
blockchain is composed of a series of blocks generated by cryptographic algorithm. Each block is filled with transaction records, and the blocks are connected in sequence to form a chain structure, which is the blockchain ledger
taking bitcoin as an example, when miners generate new blocks, they need to calculate the new hash value and random number according to the hash value of the previous block, the new transaction block and the random number. In other words, each block is generated on the basis of the previous block data, which ensures the uniqueness of the blockchain data
because subtle changes in transaction records will completely change the result of hash value, miners can't cheat when competing for computing power. Each miner must wait until the previous block is generated before starting to calculate the qualified random number according to the data of the previous block, which ensures the fairness of mining.
e to the high network delay in peer-to-peer network, the transaction order observed by each node can not be completely consistent. Therefore, the blockchain system needs to design a mechanism to reach a consensus on the sequence of transactions that occur in the same time. This algorithm to reach consensus on the order of transactions in a time window is called consensus mechanism
-- chainknow
one sentence introction: the more you do, the more you get
2. POS proof of stake
in a word: the more you hold, the more you get< Pbft: practical Byzantine fault tolerance
3. Pbft: practical Byzantine fault tolerance
Introction: it provides (n-1) / 3 fault tolerance on the premise of ensuring the activity and safety< Dbft: Byzantine fault tolerant algorithm authorized by delegated BFT
Introction: dbft mechanism adopted by ant is that bookkeepers are selected by rights and interests, and then bookkeepers reach a consensus through Byzantine fault tolerant algorithm
5. Pool verification pool
is based on traditional distributed consistency technology and data verification mechanism
chainnova is a blockchain company. I feel it's very good. Although I don't know any hash algorithm, I still know a little bit.
in the blockchain system, there is no centralized bookkeeping institution like a bank, so it is very important to ensure the consistency of each transaction on all bookkeeping nodes, that is, to make the whole network reach a consensus. The consensus mechanism solves this problem
at present, the main consensus mechanisms are workload proof mechanism POW and equity proof mechanism POS
POW determines your chances of getting bookkeeping rights by evaluating your workload. The greater the workload, the more likely you will get this bookkeeping opportunity
POS determines your chances of getting bookkeeping rights by evaluating the number and ration of tokens you hold. This is similar to the stock dividend system, holding a relatively large number of shares can get more dividends
the principle of dpos is similar to that of POS, except that some "deputies to the National People's Congress" are selected. The main difference from POS is that the node elects several agents, which are verified and recorded by the agents
with the development of technology, more advanced consensus mechanisms may emerge in the future.
01, the core operation mechanism of blockchain public certificate
the operation mechanism of blockchain public certificate is composed of two moles: "Notarization management" and "intelligent assistance". After the applicant submits the application, the blockchain notarization system relies on AI technology to audit the identity and information of the applicant. At the same time, the system will review the content of notarial evidence, and then issue a notarial certificate, at the same time on the chain filing. At the same time, the public certificate of blockchain has been formally formed, which immediately meets the online verification needs of users
the core of the operation mechanism of the notarial certificate of the blockchain lies in the application of the blockchain technology. No matter audio, video, photo or document, as long as it is stamped with a time stamp and then put on the chain, it can become an unchangeable and indestructible evidence document
the second important support in the operation mechanism of the notarial certificate of blockchain is the application of artificial intelligence. The application of this technology greatly saves the applicant's application and waiting time, and also greatly improves the speed and accuracy of the notarial office's document confirmation, eliminating the time delay of manual confirmation and possible operational errors<
02, analysis of the characteristics of the operation mechanism of the notarial certificate of blockchain
through the detailed disassembly of the operation mechanism diagram of the notarial certificate of blockchain, it is not difficult to find that compared with the operation mechanism of the traditional notarial certificate, the operation mechanism of the notarial certificate of blockchain has many noteworthy characteristics
the first is synchronization. In the process of generating the public certificate of blockchain, the actions of the applicant and the notary organization are almost synchronous, and the applicant's application and the notary organization's examination, certificate preparation and certificate issuance are almost synchronous. However, in traditional notarization, there is a time interval between the actions of all parties, which is prone to usurpation. Moreover, e to manual operation, a large amount of time cost will be generated, It further causes the delay of the process. The actions of all parties of blockchain notarization are synchronized online, and the action traces and data are generated instantaneously, thus recing the possibility of tampering and ensuring the authenticity and judicial effect of data files
the second is interactivity. In the process of generating the public certificate of blockchain, the actions of the applicant and the notarization institution are interactive - the applicant submits the application, the notarization institution's artificial intelligence audit, the certificate preparation, the certificate issuance, the data archiving, and the applicant's query are carried out alternately. Different from the traditional notarization, the applicant is more in a passive waiting state after submitting the application, which reces the participation of the applicant
dynamic again. In the process of generating the public certificate of blockchain, the evidence file is a dynamic generation process. The process of applying for the notarial certificate is the process of generating the notarial evidence, and this process itself is a part of the notarial certificate. The traditional notarization is that before the notarization, the evidence documents have been basically finalized. What the notary office does is just a process of confirmation and seal, and the dispute prevention function of notarization is weakened
it is precisely because the operation mechanism of the block chain notarial certificate is quite different from that of the traditional notarial certificate, which determines its absolute advantage over the traditional notarial certificate. On the one hand, it meets the people's requirements for efficiency in the digital age; On the other hand, it also strengthens the authenticity and legal validity of notarial documents. Its interactive feature adapts to the Internet era thinking of emphasizing interaction, which makes all parties involved in notarization enter a positive interactive state. Finally, the dynamic nature of the generation of the public certificate of the blockchain greatly gives play to the initiative of the notary organization, rather than passively confirming the existing evidence documents, which can give full play to the original preventive function of the notary.
