Principle of blockchain cloud disk
bitcoin is equivalent to digital gold. As a generally recognized equivalent, gold naturally has monetary properties and has been regarded as a kind of currency since ancient times. Bitcoin was born in 2009 and created by a person named Nakamoto. As the earliest digital currency, it was worthless at the beginning of creation. Until 2017, the highest transaction price of bitcoin exceeded 30000 RMB. The reasons why bitcoin became a valuable digital currency are as follows:
first of all, it is like gold, as a natural mineral, The total amount of bitcoin is limited. Bitcoin can not be over issued according to its own algorithm, so there will be no rapid devaluation of currency e to excessive currency issuance. The number of bitcoin is controlled to no more than 21 million e to the algorithm, so it can not be issued in large quantities, so its value is guaranteed

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
What kind of blockchain technology is popular recently? Blockchain technology is considered to be the brightest star in financial technology, and it may continue to develop in the future. It has many characteristics, including data distribution, data trust and collective consensus mechanism, and most importantly, openness, transparency, anonymity and privacy, According to the data in the blockchain, we can get some basic information of contemporary society
blockchain technology is such a safe and scientific database. It can be simply understood as an authoritative database, in which the basic content is true, verified and audited by others. In terms of financial technology, it is very easy to find some desired data, which is very good for business people
the people's Bank of China is the central bank, and its responsibility is to formulate and implement monetary policies, prevent and resolve financial risks, and stabilize the financial system. The people's Bank of China does not handle business with enterprises, institutions or indivials. What you said about foreign currency exchange is a specific financial business, which is handled by commercial banks such as the Bank of China. The people's Bank of China does not directly handle this kind of business< Article 2 the people's Bank of China is the Central Bank of the people's Republic of China
under the leadership of the State Council, the people's Bank of China formulates and implements monetary policies to prevent and resolve financial risks and maintain financial stability.
