Blockchain message
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
blockchain technology is just a kind of underlying technology, which is applied between nodes that need security and privacy. As long as there is a demand, corresponding development can be done;
the expansion of blockchain is the general trend, but there are differences in the specific operation. According to the different levels of blockchain architecture, the instry has proposed a number of expansion solutions: first, optimize the data transmission protocol for the underlying data layer of blockchain, do not change the upper structure of blockchain, and improve the scalability, such as bloxroute, the 0-layer expansion scheme of blockchain; The second is to change the data structure and consensus algorithm to improve the scalability of the basic protocol of blockchain, such as DAG (directed acyclic graph), fragmentation, dpos algorithm, etc; Third, aiming at the application level, such as side chain, sub chain, state channel lightning network and so on, part of the on chain transactions are transferred to the off chain execution to rece the on chain processing pressure and improve the overall efficiency.