Technical difficulties of blockchain

1. blockchain technology belongs to the software development instry. If the technology is in place, it's certainly not difficult. Otherwise, if you don't know anything about it, it's extremely difficult. You can measure your own level and outsource if you can't

2. At present, there are still many problems in the practical application of blockchain technology, such as low performance, less transaction frequency per unit time, lack of technology application ecological environment, lack of relevant application cases and fraud in the name of blockchain.

3. It's not hard to develop, but it's hard to find a profit point

the latest technology application of blockchain: born out of bitcoin technology in 2008, it provides a decentralized credit establishment paradigm without trust accumulation. The essence of blockchain technology is a decentralized and distributed data storage, transmission and proof method. It replaces the dependence of the Internet on the central server with data block, so that all data changes or transactions are recorded on a cloud system. In theory, it realizes the self proof of data in data transmission, This kind of point-to-point verification will proce a "basic protocol", which is a new form of distributed artificial intelligence. It will establish a new interface and sharing interface between human brain intelligence and machine intelligence

at present, almost all decentralized virtual currencies will use blockchain technology, such as bitcoin, Fuyuan, Laite, doggy and so on.

4. Blockchain technology has the disadvantage of slow transaction speed.

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6. There is a misunderstanding here. We all think that the technology is advanced and difficult to understand. It is difficult for us to understand the technology of non professional technicians, let alone use it to judge whether a project is worth investing or not. In fact, the technology is not so difficult to understand. The underlying technology of the blockchain is more of a kind of mathematical logic, which takes time to understand. However, it does not need the programming foundation, and ordinary investors can understand it. We can all make value investment by looking at technology.

7. Jinwowo thinks that if blockchain technology wants to be widely used in China, the first problems to be solved are as follows:
1 - blockchain is too large
2 - blockchain data confirmation time
3 - deal with the issue of transaction frequency
4 - the development of blockchain technology is restricted by the current system
5 - the integration cost of blockchain technology and existing systems is relatively high

8. Building a truly interconnected and shared "value Internet" is the current important development strategic direction of Chongqing jinwowo group. In 2017, a blockchain Research Center was established in Hangzhou, and it is planned to establish a blockchain research center in Chongqing.