Shi Laoshi blockchain

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,

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 information of bitcoin network transactions, Used to verify the validity of its information (anti-counterfeiting) and generate the next block

extended data

most blockchain public chains are limited by scalability. The biggest feature of blockchain technology is decentralization, which requires that all accounts in the network need to deal with the accounting process. Distributed accounting has high security, low misoperation rate, political neutrality and correctness

however, blockchain technology embraces these features at the same time, sacrificing scalability, unable to meet the personalized supervision, and slightly insufficient in protecting data privacy. Moreover, with the increase of the number of ledger, the interaction delay will increase exponentially, that is to say, the more ledger in the blockchain network, the higher the delay

2. The trend of the next era will also become the biggest bubble in human history.

3. The origin of blockchain comes from "bitcoin: a peer-to-peer e-cash system" published by Nakamoto in 2008. According to this concept, the first proct "bitcoin" was born. The origin of blockchain technology is usually attributed only to the actions of some mysterious geniuses who work under the pseudonym of Nakamoto. This view of history often makes the technology seem almost magical and difficult to understand. When people understand the actual history behind the development of these systems, it is more fundamental. In this section, I will outline the most important topics in decades of research on consensus algorithms and distributed systems that led to the creation of blockchains.