Propose blockchain
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. It is essentially 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 the information of a bitcoin network transaction, Used to verify the validity of its information (anti-counterfeiting) and generate the next block
some areas where blockchain can be used can be as follows:
& ᦇ 9642; Smart contract; Securities trading; E-commerce; Internet of things; Social communication; File storage; Proof of existence; Authentication
&9642; Equity crowdfunding
we can compare the development of blockchain with the development of the Internet itself. In the future, something called finance Internet will be formed on the Internet. This thing is based on blockchain, and its precursor is bitcoin, that is, traditional finance starts from private chain and instry chain (LAN), bitcoin series starts from public chain (WAN), They all express the same concept - digital asset, and finally converge to an intermediate equilibrium point
The evolution mode ofblockchain is as follows:
& 9642; Blockchain 1.0 digital currency; Blockchain 2.0 digital assets and smart contracts; Blockchain 3.0: implementation of distributed applications in various instries
(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]