Position: Home page » Blockchain » Why blockchain appears

Why blockchain appears

Publish: 2021-05-10 16:36:13
1.

blockchain is a digital account book that can be jointly bookkept, and will record all transactions that have occurred and have been unanimously recognized by the system it's the same as the whole family. You're bookkeeping, and your father and mother are also bookkeeping. They can see the general ledger, but the saved information can't be tampered with any more

In 2008, Nakamoto first proposed the concept of blockchain subsequently, blockchain has become the core component of electronic currency bitcoin, which serves as the public account book for all transactions. By using peer-to-peer network and distributed timestamp server, the blockchain database can be managed independently

extended data:

type of blockchain

1, public blockchain

any indivial or group in the world can send transactions, and transactions can be effectively confirmed by the blockchain, and anyone can participate in its consensus process. Public blockchain is the earliest and the most widely used blockchain. The virtual digital currencies of bitcoin series are all based on public blockchain. There is only one blockchain corresponding to this currency in the world

2, Alliance (instry) blockchain

instry blockchain: multiple preselected nodes are designated as bookkeepers within a group, and the generation of each block is jointly determined by all preselected nodes (preselected nodes participate in the consensus process), and other access nodes can participate in the transaction, However, regardless of the bookkeeping process (in essence, it is still managed bookkeeping, only distributed bookkeeping, how many preselected nodes, and how to determine the bookkeeper of each block to become the main risk point of the blockchain), anyone else can conct limited query through the open API of the blockchain

3, private blockchain

only uses the general ledger technology of blockchain for bookkeeping. It can be a company or an indivial, and enjoys the write permission of the blockchain. This blockchain is not very different from other distributed storage schemes

2. In short, blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. Blockchain technology enables all data in the database to be stored in all computer nodes of the system and updated in real time. The completely decentralized structure can record data in real time and update it in every network node participating in data storage, which greatly improves the security of database.
3.

(1) Technical level. Since 2007, distributed computing has affected technical developers, so it is normal for bitcoin to appear in the field of virtual currency

(2) hardware level. The popularity of PC servers and the exponential growth of computing power

(3) commercial level. The three characteristics of blockchain, namely, decentralization, distrust and extremely difficult forgery, just meet the needs of recing the trust cost and speeding up the transaction speed in financial fields such as stock trading and bank settlement

(4) political level. Blockchain can rece the transaction cost to a certain extent, but the anonymity and untraceability of blockchain cause huge political risk

[blockchain as the underlying technology of bitcoin was proposed at the end of 2008]

< p class = ikqb_ image_ Blockchain is mentioned in this book

4. The application of blockchain finance is the key field that it plays a role in reality. The financial instry needs such high-end technology, and the traditional mode of operation will have profound changes because of such technology. The application of blockchain finance has many distinctive characteristics, which makes people talk about it with relish. Moreover, it attracts people's attention because of the actual effect, which has a growing impact

Abstract: developed countries and technology companies have been ahead in the research and application of blockchain technology. From the perspective of patent application, there may be a gap of about one and a half years between China and the United States in terms of blockchain technology. Based on the above situation, how can China achieve "asymmetric" catch-up? First of all, we should see the situation clearly, seize the opportunity and meet the challenge. Secondly, after understanding the necessity of building the bottom layer of the blockchain for the existing business and future development of the financial instry, a consensus of "China's financial blockchain alliance" was reached among financial enterprises. Finally, we should work together to meet the change

how to understand blockchain

bitcoin: a peer-to-peer e-cash system. In 2009, after the paper was published, bitcoin was born as a virtual currency in the digital world of the Internet. At present, bitcoin's total market value is about US $6.5 billion. Although its market value is constantly changing, it is still the largest virtual currency in the world

another important concept is blockchain. Blockchain is an underlying technology of bitcoin, and bitcoin is only an application of blockchain. As we all know, bitcoin can achieve point-to-point value transmission. In addition to bitcoin blockchain, there are many other blockchains, such as Ethereum blockchain. Therefore, we should distinguish the concepts of bitcoin, bitcoin blockchain, blockchain and blockchain technology

at present, there are several misunderstandings about blockchain. Blockchain can be described in English as "decentralized blockchain", in which decentralized is translated as "decentralized". However, I think that the blockchain has realized the value dissemination without intermediary, that is, the point-to-point value dissemination. This does not mean that after entering the era of blockchain, there is no need for the center, but it should develop from a single centralization to the parallel between centers. Then, the existing center is likely to become a sub center or weak center. At present, all banks have their own data centers. If the financial blockchain alliance is established in the future, they can become the nodes in the blockchain alliance, so the blockchain does not need a center<

blockchain does not need credit

we often see some articles that think that blockchain is to "de credit". In fact, blockchain is to build trust through consensus algorithm and ensure the correctness of transactions through consensus among nodes. Build trust with low cost through mathematics and algorithm, rather than "de credit". However, the digital asset transaction between people does not need two people to know each other, or trust each other, and does not need a third-party credit institution. It only needs everyone to trust the trusted network of blockchain

why is it credible? Because it is a distributed database, there is a set of consensus based mechanism: a set of encryption algorithm, making it tamperable. On the one hand, the public key makes the information transparent and traceable; On the other hand, private key can protect privacy

blockchain is not a mature technology, nor is it omnipotent. At present, blockchain technology is still in the early stage of development. At the beginning of this year, we sent a delegation to study in the blockchain Research Laboratory of Barclays in South Africa. At the seminar, experts on the African blockchain of Barclays believed that it would take at least five to ten years for the blockchain technology to become a truly mature technology. At present, blockchain has the disadvantages of relatively slow computing speed and small storage space, and not all data processing needs to use blockchain

the research and application of blockchain in foreign countries

we find that the old financial developed countries have been ahead in the research of blockchain technology. The British government believes that it is very important for the government to participate in the legislation of digital currency and blockchain network, and encourages in-depth research on blockchain technology. The UK government is actively evaluating the potential of blockchain technology and considering using it to rece financial fraud and cost. In addition, the UK government plans to develop applications that can be used between the government and public institutions

in February this year, the European Commission put crypto digital currency at the top of the fast development target area, which promoted the policy research of various institutions on digital currency. Technology companies are also ahead in the research of blockchain technology

IBM launched the "open ledger project" to develop enterprise level blockchain software structure, promote the commercial use of blockchain technology, and support the docking of external data through the bluemix and API infrastructure of IBM cloud computing platform. IBM still has a lot of practice in blockchain technology. Recently, it and a South Korean company have made creative experiments using blockchain technology and Internet of things, and achieved some results

Microsoft uses Azure Platform to provide users with "blockchain as a service", which enables R3 and its bank members to speed up the process of experiment and learning, and accelerate the development, testing and deployment of distributed accounts

Intel also released sawtoothlake, an efficient molar platform for building, deploying and running distributed ledger; At the same time, Intel also studies to create a trusted execution environment for hardware chips of blockchain applications, providing higher security and privacy< At the same time, Wall Street is taking positive actions. Although it was established relatively late, the core function of R3 is to formulate instry standards for the development of banking blockchain technology, explore practical uses, and establish banking blockchain alliance

from what we know, in addition to these two new companies catering to the arrival of digital finance era, large financial institutions are studying blockchain technology and building their own blockchain concept and technical team

at present, there are practical application cases of blockchain technology

in Canada, blockchain start-up blockchain Tech Ltd has been listed on the growth enterprise market of Toronto Stock Exchange; The Estonian government will launch the government's blockchain healthcare record

domestic attention and Research on blockchain technology

blockchain is an optional technology. Prior to that, the people's Bank of China also held a seminar on digital currency. In addition to the central bank, Zhejiang Province, Beijing and other relevant departments also expressed their support for blockchain application research last year

from the perspective of enterprises, Bubi blockchain has been applied to equity, supply chain, points and other fields, and is concting experiments and application tests with exchanges and banks. Bubi blockchain focuses on the innovation of blockchain technology and procts, has a number of core technologies, and has developed its own blockchain service platform. Moreover, many blockchain innovation and entrepreneurship enterprises continue to emerge

in addition, a number of instry alliances are being established. In terms of financial institutions, the cases of blockchain application by large banks and financial institutions in China still need to be solved
by the end of 2015, Bank of America had obtained 15 patents on blockchain. There may be a gap of about a year and a half between China and the United States in blockchain technology
the application of blockchain finance is entering a new stage in an all-round way, various applications will be more and more in-depth, and the relevant changes will be more and more attention, and a great new trend will be formed.
5. Bitcoin was first popular with some programmers. When they exchanged data with them, they exchanged bitcoin.
6. College students have no right to sign labor contracts, but they can establish labor relations with employers, and the corresponding wages can not be delayed.
7. Decentralization is a concept opposite to centralization. In short, centralization means that the center determines the node. The node must depend on the center, and the node cannot survive without the center. On the contrary, in a system with many nodes, each node has a high degree of autonomy, and each node is a "small center"

with the diversification of network service forms, the decentralized network model becomes clearer and more possible. This paper explains the importance of decentralization from the development stage of the Internet, the advantages of decentralization, and the prediction of the trend of decentralization.
8. Blockchain is a disruptive technology that will change many instries in the future, just like the Internet many years ago. Blockchain search on the Internet, Tencent's blockchain invoice and Alibaba's rookie logistics are all using blockchain. At present, there are companies specialized in providing this kind of blockchain landing service for enterprises, and the small area is one of the representatives
9.

When it comes to blockchain, we have to mention bitcoin. When it comes to bitcoin, we have to say its mysterious Founder & mdash& mdash; Nakamoto


it can be said that the blockchain was invented by Nakamoto, which is no exaggeration at all. But Nakamoto's original purpose was not to make blockchain popular, but to hope that bitcoin, a decentralized virtual currency created by him, could develop. So Nakamoto may have expected the popularity of bitcoin, but the popularity of blockchain, Maybe it's beyond Nakamoto's expectation

therefore, blockchain will affect all aspects of society in the future, and many instries or our current lifestyle may be subverted

Hot content
Inn digger Publish: 2021-05-29 20:04:36 Views: 341
Purchase of virtual currency in trust contract dispute Publish: 2021-05-29 20:04:33 Views: 942
Blockchain trust machine Publish: 2021-05-29 20:04:26 Views: 720
Brief introduction of ant mine Publish: 2021-05-29 20:04:25 Views: 848
Will digital currency open in November Publish: 2021-05-29 19:56:16 Views: 861
Global digital currency asset exchange Publish: 2021-05-29 19:54:29 Views: 603
Mining chip machine S11 Publish: 2021-05-29 19:54:26 Views: 945
Ethereum algorithm Sha3 Publish: 2021-05-29 19:52:40 Views: 643
Talking about blockchain is not reliable Publish: 2021-05-29 19:52:26 Views: 754
Mining machine node query Publish: 2021-05-29 19:36:37 Views: 750