Time complexity of blockchain

1.

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

2. The time limit for developing a blockchain application app, such as starting technology, is estimated according to the functionality of the app. Generally, the development time is about 2-3 months, and the specific time is estimated according to the needs of customers, mainly the development time. If the functions are multiple and more complex, there will be more things to develop and design, and the time will be longer. For example, in another case, the existing source code can meet the requirements, and only need to add or modify some functions will be very fast.

3. At present, there are four main types of consensus mechanisms: pow, POS, dpos, pool
1. POW workload proof, which is familiar with mining, calculates a random number that meets the rules through and or operation, that is, obtains the bookkeeping right, sends out the data that needs to be recorded in this round, and stores it together with other nodes in the whole network after verification
advantages: complete decentralization, free access of nodes
disadvantages: bitcoin has attracted most of the computing power in the world, and other blockchain applications using POW consensus mechanism are difficult to obtain the same computing power to ensure their own security; Mining causes a lot of waste of resources; The period of reaching consensus is long, which is not suitable for commercial application.

2. Proof of rights and interests of POS, a mechanism of upgrading consensus of pow; According to the token proportion and time of each node; It can rece the difficulty of mining in equal proportion, so as to speed up the speed of finding random numbers< Advantages: to a certain extent, it shortens the time to reach a consensus
disadvantages: mining is still needed, which does not solve the pain point of commercial application in essence

3. Dpos share authorization certification mechanism is similar to the voting of the board of directors, in which the coin holders cast a certain number of nodes to verify and account on their behalf
advantages: greatly rece the number of participating verification and accounting nodes, which can achieve second level consensus verification
disadvantages: the whole consensus mechanism still depends on token, and many commercial applications do not need token to exist

4. Pool verification pool, which is based on traditional distributed consistency technology and data verification mechanism; It is a consensus mechanism widely used in the instry chain at present.
advantages: it can work without token, and realizes second level consensus verification on the basis of mature distributed consistency algorithms (pasox and raft)
disadvantages: the degree of decentralization is not as good as that of bictin; The multi center business model is more suitable for multi-party participation

it has great advantages in using consensus mechanism to ensure data consistency (the consensus mechanism is first proposed by ripple, and the network transaction synchronization mechanism with data correctness priority. In the consensus network, no matter how the software code changes, if you can't reach a consensus, you can't enter the network, let alone fork)
- - - - - - - -
PS: a little black, although the consensus mechanism can absolutely ensure that there will be no hard bifurcation at any time. However, the disadvantage of this mechanism is obvious, that is, it is much longer than the current bitcoin network to reach a consensus with other nodes. In extreme cases, the consequences of disconnection in ripple consensus mechanism network are also very terrible

it is possible that one day after the power failure in your home, the whole system will no longer be able to reach a consensus with other rippled nodes (in fact, the consensus mechanism requires more than 80% of the nodes to acknowledge your data before your submission will be accepted by other nodes, otherwise it will be rejected by exclusive nodes), Even you can only empty all your 500 GB data and resynchronize to connect to other ripple nodes

so at present, the existing rippled end is not suitable for civil use (if it is commercial, the impact is relatively small. For example, RL's own rippled node is hosted in Amazon cloud data center. If it has no response for a long time, it can make high claims, and there is almost no break in that place except for large disasters). This is one of the aspects RL has always wanted to improve.

4. 1、 Decentralization:
blockchain technology does not rely on additional third-party management institutions or hardware facilities, and there is no central control. In addition to the self-contained blockchain itself, each node realizes information self verification, transmission and management through distributed accounting and storage. Decentralization is the most prominent and essential feature of blockchain< Second, openness:
the foundation of blockchain technology is open source. In addition to the private information of all parties to the transaction is encrypted, the data of blockchain is open to all. Anyone can query blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent< Third, independence:
based on consensus specifications and Protocols (similar to various mathematical algorithms such as hash algorithm used by bitcoin), the whole blockchain system does not rely on other third parties, and all nodes can automatically and safely verify and exchange data in the system without any human intervention< Fourth, security:
as long as 51% of all data nodes cannot be controlled, the network data cannot be arbitrarily controlled and modified, which makes the blockchain itself relatively safe and avoids subjective and artificial data changes
5. Anonymity:
unless there are legal requirements, technically speaking, the identity information of each block node does not need to be disclosed or verified, and information transmission can be carried out anonymously
Digital China is the first major development strategy explicitly put forward in the report of the 19th National Congress of the Communist Party of China. The application of digital technology represented by cloud computing, big data and mobile Internet is no longer limited to the economic field, but widely penetrated into all aspects of public services, social development and people's life, which requires macro coordination, overall control and integrated development
with the deepening of a new round of scientific and technological revolution and instrial change, the tide of digital economy in the world is unstoppable. The development of digital economy has become a global consensus, known as the key to the fourth instrial revolution
adhering to the connotation of the University of nice's world inclusive humanistic spirit, always embracing change, standing up to the tide, conforming to the development trend of the digital economy era, and integrating the essence of Chinese and Western cultural thinking, the University of nice's doctor of blockchain and digital economy management (DDE) came into being
based on this, we can enable the managers of digital economy instry to have global vision and global integration thinking, integrate knowledge, operate digital economy intelligently, promote the sustainable development of the instry, and contribute to the community of human destiny. Therefore, DDE project will cooperate with colleagues in the field of digital economy
if you have MBA related questions, you are welcome to contact me personally&# 180;&# 65381;&# 7447;&# 65381;` ) Bixin~~~~

5. Blockchain has the following characteristics:
decentralization. Blockchain technology does not rely on additional third-party management institutions or hardware facilities, and there is no central control. In addition to the self-contained blockchain itself, each node realizes information self verification, transmission and management through distributed accounting and storage. Decentralization is the most prominent and essential feature of blockchain

openness. Blockchain technology is based on open source. In addition to the private information of all parties involved in the transaction is encrypted, the data of blockchain is open to everyone. Anyone can query blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent

independence. Based on consensus specifications and Protocols (similar to various mathematical algorithms such as hash algorithm used by bitcoin), the whole blockchain system does not rely on other third parties, and all nodes can automatically and safely verify and exchange data in the system without any human intervention

6. Blockchain technology has been basically mature, and now it mainly focuses on landing applications
on the ground, there will be different solutions according to different instry needs
for example, in the financial instry, relevant financial technology companies have studied and applied it for a long time. Recently, there is a one account chain platform, which is released by Ping An's financial one account link company. It is the solution of blockchain in the financial instry. According to the introction, it has broken through the bottleneck in the implementation process.

7. If we simplify the description of the operation process of the traditional notarial certificate, it should be like this: the parties apply for notarization - the notary office evaluates the application - confirms the authenticity and legality of the application items - makes, issues and delivers the notarial certificate. The running process of blockchain public certificate is similar. However, the operation mechanism behind the same operation process is not the same. The reason why the public certificate of blockchain is regarded as the Manifesto of the new environment of notarization is that it has made a subversive change to the traditional notarization certificate in the operation mechanism
01, the core operation mechanism of blockchain public certificate
the operation mechanism of blockchain public certificate is composed of two moles: "Notarization management" and "intelligent assistance". After the applicant submits the application, the blockchain notarization system relies on AI technology to audit the identity and information of the applicant. At the same time, the system will review the content of notarial evidence, and then issue a notarial certificate, at the same time on the chain filing. At the same time, the public certificate of blockchain has been formally formed, which immediately meets the online verification needs of users
the core of the operation mechanism of the notarial certificate of the blockchain lies in the application of the blockchain technology. No matter audio, video, photo or document, as long as it is stamped with a time stamp and then put on the chain, it can become an unchangeable and indestructible evidence document
the second important support in the operation mechanism of the notarial certificate of blockchain is the application of artificial intelligence. The application of this technology greatly saves the applicant's application and waiting time, and also greatly improves the speed and accuracy of the notarial office's document confirmation, eliminating the time delay of manual confirmation and possible operational errors<

02, analysis of the characteristics of the operation mechanism of the notarial certificate of blockchain
through the detailed disassembly of the operation mechanism diagram of the notarial certificate of blockchain, it is not difficult to find that compared with the operation mechanism of the traditional notarial certificate, the operation mechanism of the notarial certificate of blockchain has many noteworthy characteristics
the first is synchronization. In the process of generating the public certificate of blockchain, the actions of the applicant and the notary organization are almost synchronous, and the applicant's application and the notary organization's examination, certificate preparation and certificate issuance are almost synchronous. However, in traditional notarization, there is a time interval between the actions of all parties, which is prone to usurpation. Moreover, e to manual operation, a large amount of time cost will be generated, It further causes the delay of the process. The actions of all parties of blockchain notarization are synchronized online, and the action traces and data are generated instantaneously, thus recing the possibility of tampering and ensuring the authenticity and judicial effect of data files
the second is interactivity. In the process of generating the public certificate of blockchain, the actions of the applicant and the notarization institution are interactive - the applicant submits the application, the notarization institution's artificial intelligence audit, the certificate preparation, the certificate issuance, the data archiving, and the applicant's query are carried out alternately. Different from the traditional notarization, the applicant is more in a passive waiting state after submitting the application, which reces the participation of the applicant
dynamic again. In the process of generating the public certificate of blockchain, the evidence file is a dynamic generation process. The process of applying for the notarial certificate is the process of generating the notarial evidence, and this process itself is a part of the notarial certificate. The traditional notarization is that before the notarization, the evidence documents have been basically finalized. What the notary office does is just a process of confirmation and seal, and the dispute prevention function of notarization is weakened

it is precisely because the operation mechanism of the block chain notarial certificate is quite different from that of the traditional notarial certificate, which determines its absolute advantage over the traditional notarial certificate. On the one hand, it meets the people's requirements for efficiency in the digital age; On the other hand, it also strengthens the authenticity and legal validity of notarial documents. Its interactive feature adapts to the Internet era thinking of emphasizing interaction, which makes all parties involved in notarization enter a positive interactive state. Finally, the dynamic nature of the generation of the public certificate of the blockchain greatly gives play to the initiative of the notary organization, rather than passively confirming the existing evidence documents, which can give full play to the original preventive function of the notary.

8.

A: the basic characteristics of blockchain

I. decentralization
blockchain technology does not rely on additional third-party management institutions or hardware facilities, and there is no central control. In addition to the self-contained blockchain itself, each node realizes information self verification, transmission and management through distributed accounting and storage

Second, openness

the foundation of blockchain technology is open source. In addition to the private information of all parties involved in the transaction is encrypted, the data of blockchain is open to everyone. Anyone can query blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent

Third, independence

based on consensus specifications and Protocols (similar to various mathematical algorithms such as hash algorithm used by bitcoin), the whole blockchain system does not rely on other third parties, and all nodes can automatically and safely verify and exchange data in the system without any human intervention

Four, safety

as long as 51% of all data nodes cannot be controlled, the network data cannot be arbitrarily controlled and modified, which makes the blockchain itself relatively safe and avoids subjective and artificial data changes

5. Anonymity

unless there are legal requirements, technically speaking, the identity information of each block node does not need to be disclosed or verified, and the information transmission can be anonymous

9. digital currency will not be stolen in general. If you use a regular wallet and invest in a regular digital currency, there will be no problem!

10. I don't know about it. Of course, the virtual currency is traded in the virtual place. You can buy some virtual things to make up for yourself.