What is public chain in blockchain

1.

blockchain includes public blockchain, joint (instry) blockchain and private blockchain. Public chain point-to-point e-cash system: bitcoin, smart contract and decentralized application platform: Ethereum

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. In essence, it is 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 a batch of bitcoin network transaction information, Used to verify the validity of its information (anti-counterfeiting) and generate the next block

extended data

according to the different degree of blockchain network centralization, three kinds of blockchains under different application scenarios are differentiated:

1. The blockchain with the whole network open and without user authorization mechanism is called public chain

2. The authorized nodes are allowed to join the network, and the information can be viewed according to the authority. It is often used in the inter agency blockchain, which is called alliance chain or instry chain

3. All the nodes in the network are in the hands of one organization, which is called private chain

alliance chain and private chain are also called licensing chain, and public chain is called non licensing chain

blockchain features

1, 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

2. 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

3. 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. Safety. As long as 51% of all data nodes cannot be controlled, the network data cannot be arbitrarily manipulated and modified, which makes the blockchain itself relatively safe and avoids subjective and artificial data changes

5. Anonymity. Unless there are legal requirements, technically speaking, the identity information of each block node does not need to be disclosed or verified, and the information can be transferred anonymously

2. The public chain, as the name suggests, has great inclusiveness and fairness. The better the public chain project does in these two aspects, the more prominent it will be. At present, many public chains sacrifice fairness in order to speed up the transaction, which is not optimistic. There is a project called Fanta network. Their DSC technology claims to be safe, democratic and fair, which deserves long-term attention. However, their code will not be open source until the end of the year, and the progress needs to be accelerated

3.

This is two different concepts. According to different standards, blockchain can be classified into three categories:

& # 8195&# 8195; 1) According to the network scope of blockchain, it can be divided into public chain, private chain and alliance chain

 &# 8195; 2) According to the docking type of blockchain, it is divided into single chain, side chain and interconnection chain

 &# 8195; 3) According to the display environment of blockchain deployment, it can be divided into main chain and test chain

the main chain can be understood as a formal online and independent blockchain network, while the public chain refers to a blockchain that can be read by anyone, can send transactions and can be effectively confirmed by anyone, and can participate in its consensus process

4.

Blockchain is strictly divided into three types: public chain, private chain and alliance chain. The core difference between these three types of blockchains is the degree of openness or decentralization of access rights. Generally speaking, the higher the degree of decentralization, trust and security, the lower the transaction efficiency

generally speaking, each type of blockchain has its own specific mode and value, which is better than others. As long as the demand is solved, the blockchain is valuable

5. The public chain is an encryption algorithm, and the blockchain is attached to the public chain. The generation of digital currency in the blockchain must rely on the encryption algorithm of the public chain.

6. The first thing that Java needs to pay attention to in developing blockchain is the hierarchical relationship. Once it's confused, it's difficult to sort out
the difference between blockchain and ordinary mall is that it adds the function of virtual currency. You can see the interface and docking method of virtual currency at other times to avoid mistakes

7. The meaning of public chain jinwowo network technology tips is that any node is open to anyone, everyone can participate in the blockchain, participate in the calculation, and anyone can download and obtain the complete blockchain data (all accounts).

8. The date of the public chain on ccmall blockchain is November 18

9. The characteristics of the public chain in jinwowo network analysis blockchain technology are as follows:
(1) running on the Internet

(2) completely distributed< (3) the number of data nodes is changeable and unpredictable< (4) the data is public< (5) anyone can participate anonymously

(6) the operation and maintenance cost is high and depends on the reward mechanism< (7) the transaction speed is slow.