Understanding of blockchain Technology

1. Analysis of the application of blockchain Technology. Although theoretically any instry related to digital network can be applied, from the perspective of landing cost, the following instries are more suitable for blockchain technology
as the essence of blockchain is a distributed accounting book, digital currency represented by bitcoin and Ethereum is also a very simple and safe settlement method. In the financial field, the most important process is bookkeeping and clearing. Through blockchain technology, the efficiency of traditional banks and financial instry can be greatly improved
however, all of the above also play the basic functions of blockchain, and there is still much room for improvement. At present, there is no mature blockchain financial project in the world, and we still have a long way to go

when it comes to the application of blockchain, the first thing we think about is the banking and financial instry. Because the essence of blockchain is a distributed accounting system, it is most suitable for the financial instry. The digital currency based on blockchain can also be applied to transactions, clearing and settlement. The security and decentralization of blockchain can ensure the security of bookkeeping. At present, major countries are exploring this application
in addition, many businesses of government agencies are also very suitable for the application of blockchain technology, such as the management of resident identity information, ownership records and proct supervision, etc. Through distributed tamper proof records to ensure the security and privacy of key information. Ireland and many other countries have incorporated this development plan into their short-term goals, which is also one of the more common application areas of blockchain
financial sector: in addition to bitcoin, the financial sector is the most widely used sector of blockchain. After all, financial development is also mixed with money and digital money. In particular, the development of digital currency in recent two years has also driven the application of blockchain
when blockchain spoofing was just emerging, it was questioned by many people and was called blockchain spoofing. Now the chief economists of all countries in the region have begun to abstain from studying the blockchain, proving that the blockchain is graally accepted by the public
in addition, e to the emergence of Ethereum contract, blockchain can also better assist resource sharing related instries, such as our common bike sharing procts. For another example, in the medical field, we can also use blockchain technology to improve efficiency and security, which is a qualitative change in this instry
I believe you have a preliminary understanding of the practical application of blockchain. Looking back at the recent ICO fever in China, a large number of unreliable projects such as dog chain are forced to speculate. Obviously, domestic investors do not know enough about the application field of blockchain. Therefore, stopping ICO not only standardizes the instry, but also protects the investing public.

2. Because at this stage, all the right issues in China are in an exploratory stage, and the system is not yet complete, so the blockchain can not solve the right problem.

3. The definition of Chongqing jinwowo analysis blockchain technology is as follows:
1. Blockchain is a distributed database (system) placed in a non secure environment
2. The blockchain uses cryptography to ensure that the existing data cannot be tampered with
3, the blockchain uses consensus algorithm to reach consensus on new data
the system with the above three properties is blockchain.

4. The essence of blockchain is a distributed ledger. For example, the bank system is also the account book, which has a complete set of information system to store various transaction information such as access, loan, exchange and so on. Blockchain has several keywords:
1. Distributed: ledger is not only stored in one place, but in many places
2. General ledger: you can determine that you are not necessarily a machine stored general ledger through the network, but you can at least obtain the general ledger from the network
3. Decentralization: "distributed" is not a general distribution, but a decentralized distribution. No one can control and tamper with it, its accounting rules are based on some designed mathematical method to account for all rights. How to test, how to use, are in accordance with an open method to complete, so in essence is an account book
coin Ying China is the first to introce blockchain into the crowdfunding instry, making crowdfunding more open, transparent and simple.

5. In essence, blockchain represents a transformation from monopoly of technical authority to decentralization, that is, a distributed concept“ Blockchain has three characteristics: tamper proof, whole process recording and encryption system, which can make the right of data more democratic, "said the above-mentioned person in charge of jinwowo group. By solving the problem of data ownership right, jinwowo blockchain has built a large number of blockchain digital asset networks with rich asset types, Its overall architecture has covered the entire southwest region“ With the increasing maturity of blockchain technology, jinwowo will be distributed throughout the country, dedicated to the Internet technology service platform of comprehensive collection, efficient storage, in-depth analysis of big data for the majority of small and medium-sized enterprises, and ultimately promoting the legal sharing and value circulation of big data

6. Blockchain is a kind of data structure formed by orderly linking blocks, in which block refers to the collection of data, including relevant information and records, which is the basic unit of forming blockchain
e to the special data structure of blockchain, blockchain technology has four main characteristics: decentralization, transparency, contract execution automation and traceability
in the future, jinwowo network technology will focus on blockchain technology to promote the legal circulation and commercial application of big data.

7. We need to look at the mining income according to the model of the graphics card, and then use the income to look back at the cost time. If it is a low-end graphics card, it may not be able to be found in my life

8. So far, it seems that Guo Jia hasn't said that any digital currency is illegal. It's just that the value is high or low. For example, the British Saipan coin has noble blood, and the famous bitcoin has not made many billionaires

9. Blockchain technology uses mathematical methods to achieve distributed accounting and solve the trust problem, so as to complete the decentralization, which will bring far-reaching influence in many fields such as communication, finance, Internet of things, government management and so on. Blockchain refers to the technical solution of collective maintenance of a reliable database through centralization and distrust in the past. It is a technical way of accounting with the participation of the whole people.

10. The analysis of jinwowo network technology is as follows:
blockchain can be understood as a public general ledger based on computer program, which can record all transactions on blockchain
each node in the blockchain can update its recorded data to the network, and each node participating in maintenance can a of the complete database, which constitutes a decentralized distributed database.