Blockchain consensus meeting for several days
WBC is the abbreviation of world blockchain conference, namely the first world blockchain conference
is a semiannual world blockchain instry event initiated and held by the world blockchain consortium,
place: Macao, China,
time: April 22-24, 2018, lasting for 3 days
this is the information I saw on the official website, I hope it can help you.
as a data structure that stores data in chronological order, blockchain can support different consensus mechanisms. Consensus mechanism is an important component of blockchain technology. The goal of blockchain consensus mechanism is to make all honest nodes keep consistent blockchain view, and satisfy two properties at the same time:
1) consistency. The prefix part of the blockchain saved by all honest nodes is exactly the same
2) effectiveness. The information released by one honest node will be recorded by all other honest nodes in their own blockchain.
the biggest consensus of blockchain is to make money
there will be a process for the advancement of blockchain consensus. In the current flood and famine period, making money based on cognition and circle is still in consensus 1.0 stage. Fortunately, its size is not enough to affect the overall situation of the world economic structure, and the cost of supervision and policy intervention is low. In the large community of blockchain, more roles need to be involved, In particular, the government with service functions should not be absent, and the people in the community should not act like frightened birds, independent from the outside world
the bustling blockchain communities are not forests, but bird nests in a few trees at most. They chatter in order to grab food. Even if there is a third-class wind, everyone will be scattered. If you really want to dream of building a forest, you should bravely go down the tree, dig ditches and divert water
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.
it is worth noting that the price of bitcoin fluctuates significantly ring the annual meeting, and it also becomes a hot spot in bitcoin market.
