Position: Home page » Blockchain » Transaction rule code of blockchain

Transaction rule code of blockchain

Publish: 2021-04-14 00:16:50
1.

a brief history of etheric Classics (etc)

etheric classics began with an unfortunate event

in May 2016, the decentralized autonomous organization (DAO) held a token sale with the goal of establishing a blockchain based venture capital to fund future decentralized applications (dapps) in the Ethereum ecosystem

basically, Dao is a complex smart contract that operates in a decentralized way - computer code that automatically performs tasks between multiple parties when conditions are met

despite its ambitious goals and successful token sales, Dao's code has a major vulnerability that allows attackers to steal eth from decentralized organizations

the attacker took advantage of this vulnerability in June 2016, triggering the infamous Dao hacking event, and maliciously stole eth worth about US $50 million

there is no doubt that Dao hacking has shocked Ethereum community and made eth price drop from $20 to $13

after the Dao hacking, the Ethereum community has to choose from three options

< UL >
  • do nothing and try to bear the consequences of the attack

  • start soft bifurcation to recover funds

  • deploy a hard fork to recover the lost eth

  • both soft and hard bifurcations are significant network upgrades. However, soft fork allows users who are not upgraded to communicate with upgraded users, while hard fork is not backward compatible with previous versions

    as developers realize that deploying soft forks will expose the network to distributed denial of service (DDoS) attacks, Ethereum community decides to initiate hard forks to recover the funds lost in Dao hacking attacks

    although this scheme is supported by most people, a small number of people in Ethereum community oppose it. They think that "code is the law" and blockchain network should be unchangeable

    the failure of both sides to reach an agreement on the solution eventually led to the fragmentation of Ethereum blockchain

    those who tried to recover the lost eth chose the hard fork and opened the Ethereum (ETH) blockchain as we know it today, while another group stayed on the original Ethereum classic (etc) chain

    what problems does ethereal classic solve

    Ethernet classic (etc) is a blockchain platform that allows developers to deploy smart contracts and dapps

    although this function is the same as Ethereum (ETH), etc blockchain has two main differences

    first of all, Ethereum classic community opposes tampering with distributed ledger and supports the view that "blockchain network cannot and should not be modified"

    secondly, although there is no rigid upper limit on the total supply of eth, it is allowed to create 230 million etc at most by adopting the monetary policy of constant supply

    as a bonus item, ethereal classic launched Atlantis hard bifurcation last year to increase the interaction with Ethereum and improve the privacy protection of transactions through ZK snarks

    the trading platforms recommended by ethereal classic etc are: Fire coin, okex, AAX, etc

    2. This should be a problem in two aspects: open source code refers to what we all know about this piece of code; As for the modification and destruction of the system, it should be the problem of system protection, so that people who want to modify and destroy can not enter. For example, there is a very valuable cultural relic in the glass window of a museum, which is on public exhibition. If you ask this question, someone will destroy or steal it.
    3.

    first, define the

    blockchain as an open network ledger. It originated from bitcoin and is the underlying technology of bitcoin. In bitcoin transactions, all the information of transaction records will be packaged into a "block" for storage. With the expansion of information exchange, one block links with another, forming a blockchain

    Second, the digital currency represented by bitcoin is a point-to-point e-cash system. Among them, every transaction will broadcast to all participants in the network, and it will be recorded in the account book after repeated confirmation, which is called "blockchain". Each participant will have his own account book. In this way, when false information occurs, it can be broken through mutual verification, so as to ensure network security

    in the blockchain, every node is equal, and there is no centralized management organization. This "decentralized" feature makes the blockchain do not need to rely on a third party, its operation does not need any human intervention, and it can independently conct self verification. In addition, the network of blockchain is open to the world, and anyone can query data through the public port, so the whole system is highly transparent

    In a word, blockchain is a reliable database and a reliable "account book". In the future, it will be applied in cross-border payment, securities, loans, voting, etc. For example, in cross-border payment, with the security of blockchain, you can remit money to the world anytime and anywhere, which saves a lot of intermediate links and high fees

    4.

    Blockchain is a term in the field of information technology. In essence, it is a shared database. The data or information stored in it is characterized by "unforgeability", "trace in the whole process", "traceability", "openness and transparency" and "collective maintenance". Based on these characteristics, blockchain technology has laid a solid "trust" foundation, created a reliable "cooperation" mechanism, and has broad application prospects

    on January 10, 2019, the state Internet Information Office issued the regulations on the management of blockchain information services. In October 24, 2019, ring the eighteenth collective learning of the Central Political Bureau, general secretary Xi Jinping stressed that "block chain as an important breakthrough in core technology and independent innovation", "accelerating the development of block chain technology and instrial innovation". "Blockchain" has entered the public field of vision and become the focus of social attention

    on December 2, 2019, the word was selected into the top ten catchwords of "biting words" in 2019

    extended data:

    Application of blockchain Finance:

    since 2016, the major financial giants have also carried out blockchain innovation projects to explore the possibility of applying blockchain Technology in various financial scenarios. In particular, Puyin group took the lead in creating a "blockchain +" standard digital currency

    standard digital currency refers to the process of assets identification, evaluation, right confirmation and insurance completed by a third party organization, which is written into the blockchain through careful digital algorithm to form the standard corresponding relationship between assets and digital currency, which is called standard digital currency

    in order to realize the great leap forward development of blockchain finance, promote the new development of China's economy, accelerate the circulation of global assets, and realize the dream of rejuvenation that has been struggling for generations, Puyin group will hold the Guiyang strategic development ceremony of Puyin blockchain finance in Guizhou on December 9, 2016

    the meeting will discuss the realization of digital circulation of assets by blockchain, the financial transaction mode of blockchain, and the application of blockchain services and social public instry. This conference will mark the beginning of the application of blockchain finance and the change and development of the new financial ecology

    5. I'd like to know about blockchain. It's said that blockchain can create ten times the value of the Internet, so I'd like to ask you to use blockchain to create 1 million value for me. Anyway, it's just a small amount of money for blockchain.
    6. Blockchain is an important concept of bitcoin. In essence, it is a decentralized database and the underlying technology of bitcoin. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of a bitcoin network transaction, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block
    in a narrow sense, blockchain is a kind of chained data structure, which is composed of data blocks connected in sequence according to the time sequence, and is a distributed account that can not be tampered with and forged by cryptography. In a broad sense, blockchain technology is a new distributed infrastructure and computing paradigm, which uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, uses cryptography to ensure the security of data transmission and access, and uses intelligent contract composed of automated script code to program and operate data
    blockchain and big blockchain are not the same concept. Big blockchain should be the name of a company. Bitcoin, Ethereum and decent are all successful cases of blockchain technology.
    7.

    Share from DTV: how does the blockchain of DTV make profits in the end:

    1. Build a blockchain ecosystem

    Why do start-ups join in blockchain public chain projects one after another? Because it's a great opportunity. Any enterprise has the opportunity to create an ecosystem that subverts the existing pattern with its own ideas and operations. In this system, the currency designated by the ecosystem owner will circulate

    because start-ups hold a certain amount of money and reserve some money for enterprises to dig, and the total amount of money is fixed, the faster the flow speed of the ecosystem is, the greater the demand for money is. More transactions chase less money, and the currency is bound to appreciate, but this idea is based on the fact that the currency is irreplaceable

    now many research groups are developing cross chain technology to connect blockchains in different fields, so as to achieve the free circulation of money flow and data flow, and finally go to the exchange

    in this case, the impact of a chain of money shortage on the ecosystem may not be as simple as the classical monetary theory, and the money price is likely not to follow the simple relationship between supply and demand. Designers need to think about this from a macroeconomic perspective

    this is also the most attractive part of blockchain project: everyone is likely to establish new rules in this new field and become the manager of Qu centralized system. By then, the owners of the blockchain will have the ability to control the economy of the whole field - selling or inhaling digital currency will have a huge impact on the instry

    2. Providing services for enterprises

    providing services for enterprises is the main profit model of blockchain projects at the present stage, and cloud storage security skeptics are likely to turn to traceable and tamper proof blockchain service providers to seek maximum data security

    for example, a blockchain start-up operating a data sharing platform, its main business includes providing data storage and data transaction services for customers, thus charging service fees and handling charges

    there are many domestic start-up companies operating such businesses, such as cloud nest, border intelligence, magic chain technology, etc. Each company has excellent technology, but to make a profit, it may have to work hard on the operation

    today, Tencent cloud's tbaas has joined this field and can provide services covering finance, supply chain, Internet of things, medical and other fields. It is believed that the competition and expansion of customers will become more difficult in the future

    3. Smart contract participates in profit making

    smart contract is like a contract that can be executed automatically. The validity of the contract is judged and enforced by machines instead of people. Its essence is still a piece of code, but the traceability and non tampering characteristics of blockchain can ensure that this piece of code runs automatically under the non trust mechanism. Blockchain is the precondition of smart contract operation

    in practice, there are many opportunities for profit making through smart contracts, and smart contracts can solve these problems in a non black box way

    in the running process of the program, the smart contract performs audit, classification information and other operations, which eliminates the interference of middlemen, and the record will not be artificially damaged, and the font on the file will not be blurred for a long time

    but to some extent, the operators of smart contracts themselves become middlemen, and they automatically collect and pay audit fees through smart contracts. This kind of special intermediary service saves a lot of costs for customers, and its essence is realized by improving efficiency

    4. Operation of special service driven system

    many enterprises have their own exclusive fields in building blockchain community. Take the neurogenomics project led by geneticist church as an example. After enjoying the gene sequencing service provided by neurola, consumers can not pay in the form of legal money, but have to exchange legal money into the token issued by neurola

    as more people exchange legal money for this token, nebula will successfully build a blockchain platform with gene data as the core, and after that, it will better carry out precision medical services

    generally speaking, this mode relies on the actual technology, makes profits from offline services at the beginning of the project, and converts the legal money in the income into token in the process of making profits. With the progress of the project, the platform can carry out more precision medical services with the help of the data obtained from the start mode, and its profit methods have become diversified, but the whole process will not be separated from the entity

    in the whole process of enterprise operation, token is mainly used as incentive, and token appreciation is not a problem that geneticists should consider

    The original purpose of project 1CO is to crowdfunding in the market through pre-sale service. In 2013, the early 1CO company appeared in the financial field, and then quickly detonated the entire digital money market, resulting in the rise of speculation

    however, this storm came and went quickly. From 2013 to 2014 alone, many projects died in the speculation or were directly judged as fraud

    according to Engadget data, 45.6% of the 902 crowdfunding based digital currencies have failed in 2017

    Even so, there are still many survivors. These enterprises (including those that build the ecosystem) attach great importance to the role of token, and the appreciation of token will be calculated as part of the profits

    In essence, it is similar to an enterprise operating both financial assets (token) and operating assets (service) to manage operating assets to make financial assets profitable. However, if the proportion of "financial assets" is too large, the risk will come uninvited

    The foundation of sharing economy is to monitor the available resources and corresponding demands in real time and make adjustments to maximize the utilization of resources. For unicorns like airbnb, they have a mature management mode and stable cash flow. They try blockchain because blockchain technology can bring more transparent, more efficient and fairer systems

    this kind of enterprises use blockchain in the way of private chain or alliance chain. They don't need token to participate in circulation, and the nodes don't exist anonymously. They are interested in blockchain technology itself

    with the blessing of blockchain technology, the manual input of ID information issued by the government will be transformed into the safe storage and verification of ID issued by the government. Customers and landlords can completely rely on the evaluation content. At the same time, the comments can be traced back to avoid the possibility of negative comments being deleted and the participation of the Navy

    the profit model of airbnb and Tencent

    8. Go straight down to the source code
    Hot content
    Inn digger Publish: 2021-05-29 20:04:36 Views: 341
    Purchase of virtual currency in trust contract dispute Publish: 2021-05-29 20:04:33 Views: 942
    Blockchain trust machine Publish: 2021-05-29 20:04:26 Views: 720
    Brief introduction of ant mine Publish: 2021-05-29 20:04:25 Views: 848
    Will digital currency open in November Publish: 2021-05-29 19:56:16 Views: 861
    Global digital currency asset exchange Publish: 2021-05-29 19:54:29 Views: 603
    Mining chip machine S11 Publish: 2021-05-29 19:54:26 Views: 945
    Ethereum algorithm Sha3 Publish: 2021-05-29 19:52:40 Views: 643
    Talking about blockchain is not reliable Publish: 2021-05-29 19:52:26 Views: 754
    Mining machine node query Publish: 2021-05-29 19:36:37 Views: 750