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How blockchain token works
Publish: 2021-04-17 18:57:50
1. blockchain is a technology, but it is not a single technology, but the result of the integration of a variety of technologies, including cryptography, mathematics, economics, network science and so on. You can think of it as a distributed shared accounting technology, or as a database, but the database is jointly maintained by all nodes in the chain, and each node has an account book. Because the account books of all nodes are consistent, different nodes can trust each other, and there is no doubt about the data, so we all say that the blockchain has realized trust technically. For detailed professional technology, you can consult some professional technology companies, such as Jinbo technology, which focuses on the development of blockchain related procts, professional R & D team and perfect after-sales service, and you can consult by telephone.
2. Let's talk about the social or economic significance of blockchain. In fact, many of the previous technologies were devoted to "proctivity". For example, artificial intelligence is a kind of progress in proctivity. The blockchain, which has greatly improved the proction relations, is committed to the proction relations. So why do you say that
because the so-called proction relationship is actually how to do business between people and business partners. And these things, originally, are in the cognitive process between people, and there is no special program to program or quantify it
for example, if you and I are good friends now, we can do business. If someone stirs up our relationship and we are not good friends, we will not do business. Even if we can make money in business, we will not do business because there is no trust between us
as for blockchain, it is actually because the data is authenticated by all nodes and backed up at the same time, so my data is as real as possible and can't be tampered with. In this case, if you believe my data, you can make a program on this basis, and then use the data to make what kind of business contract, what kind of service, what kind of service, and what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, etc This "proction relationship" of commercial cooperation is programmed. In this way, we believe in the data and the program compiled by the algorithm. Because you believe in the data and the program, you can develop all kinds of apps in the program. These apps are the proction relations and what business to do. This is: blockchain is actually a reconstruction of "proction relationship".
because the so-called proction relationship is actually how to do business between people and business partners. And these things, originally, are in the cognitive process between people, and there is no special program to program or quantify it
for example, if you and I are good friends now, we can do business. If someone stirs up our relationship and we are not good friends, we will not do business. Even if we can make money in business, we will not do business because there is no trust between us
as for blockchain, it is actually because the data is authenticated by all nodes and backed up at the same time, so my data is as real as possible and can't be tampered with. In this case, if you believe my data, you can make a program on this basis, and then use the data to make what kind of business contract, what kind of service, what kind of service, and what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, what kind of service, etc This "proction relationship" of commercial cooperation is programmed. In this way, we believe in the data and the program compiled by the algorithm. Because you believe in the data and the program, you can develop all kinds of apps in the program. These apps are the proction relations and what business to do. This is: blockchain is actually a reconstruction of "proction relationship".
3.
blockchain technology has the following four ways to make money:
1. Hardware and infrastructure. A typical one is mining machinery proction and distribution chain, where you can make money by buying mining machinery and digging
2. The underlying platform of blockchain and common technologies, such as Ethereum and other public chains, and the privacy protocol nucypher, where you can make money by investing in its token, building applications on the chain, and providing services for users
3. Various vertical applications, such as supply chain traceability and Finance Based on blockchain, right confirmation and trading, can be used or invested to make money
Service facilities, such as digital asset exchange and wallet, media procts, etc., you can make money by making your own exchange
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extended data:
type of blockchain
1. Public blockchain
refers to: any indivial or group in the world can send transactions, and the transactions can be effectively confirmed by the blockchain, Anyone can participate in its consensus process
public blockchain is the earliest and the most widely used blockchain. The virtual digital currencies of bitcoin series are all based on public blockchain, and there is only one corresponding blockchain in the world
2. Consortium block chains: multiple preselected nodes are designated as bookkeepers within a group, and the generation of each block is jointly determined by all preselected nodes (preselected nodes participate in the consensus process), and other access nodes can participate in the transaction
3. Private blockchain
private blockchain: it only uses the general ledger technology of blockchain for bookkeeping. It can be a company or an indivial, and only enjoys the write permission of the blockchain. This chain is not very different from other distributed storage schemes
4. Blockchain is an emerging instry, which has been highly valued by all countries. It is called the fourth instrial revolution and will have an immeasurable impact on society. Blockchain is the literal translation of block and chain. Each block stores the transaction data within a specified time, and forms a non tamperable, all staff shared distributed ledger through cryptography
digital currency and virtual currency are actually different names. They are tokens issued based on blockchain technology. Behind them are a series of computer-generated complex codes. At present, there are thousands of digital currencies in the market. The safest and most powerful digital currency is bitcoin
digital currency is also a high-risk and high return investment proct, through appropriate investment strategies, you can get rich returns. If you have spare money, you might as well put some of it into the digital currency. There will be unexpected surprises.
digital currency and virtual currency are actually different names. They are tokens issued based on blockchain technology. Behind them are a series of computer-generated complex codes. At present, there are thousands of digital currencies in the market. The safest and most powerful digital currency is bitcoin
digital currency is also a high-risk and high return investment proct, through appropriate investment strategies, you can get rich returns. If you have spare money, you might as well put some of it into the digital currency. There will be unexpected surprises.
5. We know that the state has always advocated "no money" blockchain. That is to say, don't use the chain&# 8204;&# 8204;&# 8204; Currency, support technology development, do not support issuing currency
of course, the coin here is what we often call token, which originally means token (temporary) in computer identity authentication. With the popularity of blockchain and digital currency, people have a variety of translations for token, including token, integral, certificate, logo, indicator, etc
the understanding of token in the market can be divided into two categories
in the first category, 99% of the people think token means token, because 99.9% of the projects do the same thing. Set up a foundation, build a website, write a white paper, and then go to ICO. Because most of the projects are still in the conceptual stage, token itself has no other meaning except trading, so people call it token, which performs the function of currency to some extent
in the second category, professionals and institutions are more willing to translate token into proof of equity, or token. For example, a person's identity certificate, academic certificate, equity, bonds, points, bills, etc., are authentic and tamperable because of the proof of rights and interests. Every proof of interest becomes more secure and reliable through the protection of cryptography
therefore, blockchain is not only a technology, but also a new mode of proction and organization, even a new thinking
so, the question now is, does the blockchain project have to issue currency
answer: you may not issue currency. Not all blockchain projects need to be issued with currency, and it is not necessarily blockchain projects that issue currency
for example, the alliance chain does not need to issue coins. For example, Tencent's q-coin, in principle, is also a kind of currency, but it is not a blockchain project
therefore, the two are not related, but if they are public chains, they need to issue coins. Why
let's take bitcoin as an example. Bitcoin system as a public chain must rely on the existence of bitcoin. Public chain obtains the stability and non tamperability of its system through the nodes distributed all over the world, and these properties are the basis for the existence of public chain
imagine that if the bitcoin system is unstable or can be easily tampered with, bitcoin will be worthless. These nodes are not set up by one or several companies, otherwise they are equivalent to private chain or alliance chain. These nodes must be built dynamically by many participants. And the existence of these nodes must need some kind of incentive, otherwise why do the builders of these nodes want to participate in your system. And this kind of incentive must be integrated with the blockchain system, and it must be money
then why is it currency, not legal currency, such as RMB, as an incentive
if RMB is used as incentive, because RMB should be stored in the RMB account, and the account itself is centralized, so it's easy to be controlled. Just think about why domestic bitcoin exchanges are so afraid of the central bank, and they are afraid of being weaned. In addition, RMB can't react with smart contracts within the blockchain
the electronic currency issued by the central bank can not be used as the original currency and incentive of a blockchain system. Why
if the central bank or a rich person wants to destroy a project, they just need to take out enough e-money to do enough nodes and attack 51%. Therefore, it is impossible to use the e-money issued by the central bank as the original currency and incentive blockchain system. However, blockchain projects with independent native currency and incentives have no such worries
If a person or organization wants to get enough nodes to carry out 51% attacks, it must first get more than 50% enough coins, and the amount of coins in the market is certain, so before it gets enough coins, the soaring price will make it hard for him to bear
therefore, a public chain project must have money. A public chain project without money is like a castrated person
in addition, only through the token and reasonable stimulation of output, can the proction relationship be changed and the value of blockchain be brought into play. Therefore, the project must have token, which can promote the development of the project faster. Token solves the problem of incentive and consensus, and incentive solves the problem of autonomy. The positive autonomous economic ecosystem and the underlying technology of blockchain are a perfect combination.
of course, the coin here is what we often call token, which originally means token (temporary) in computer identity authentication. With the popularity of blockchain and digital currency, people have a variety of translations for token, including token, integral, certificate, logo, indicator, etc
the understanding of token in the market can be divided into two categories
in the first category, 99% of the people think token means token, because 99.9% of the projects do the same thing. Set up a foundation, build a website, write a white paper, and then go to ICO. Because most of the projects are still in the conceptual stage, token itself has no other meaning except trading, so people call it token, which performs the function of currency to some extent
in the second category, professionals and institutions are more willing to translate token into proof of equity, or token. For example, a person's identity certificate, academic certificate, equity, bonds, points, bills, etc., are authentic and tamperable because of the proof of rights and interests. Every proof of interest becomes more secure and reliable through the protection of cryptography
therefore, blockchain is not only a technology, but also a new mode of proction and organization, even a new thinking
so, the question now is, does the blockchain project have to issue currency
answer: you may not issue currency. Not all blockchain projects need to be issued with currency, and it is not necessarily blockchain projects that issue currency
for example, the alliance chain does not need to issue coins. For example, Tencent's q-coin, in principle, is also a kind of currency, but it is not a blockchain project
therefore, the two are not related, but if they are public chains, they need to issue coins. Why
let's take bitcoin as an example. Bitcoin system as a public chain must rely on the existence of bitcoin. Public chain obtains the stability and non tamperability of its system through the nodes distributed all over the world, and these properties are the basis for the existence of public chain
imagine that if the bitcoin system is unstable or can be easily tampered with, bitcoin will be worthless. These nodes are not set up by one or several companies, otherwise they are equivalent to private chain or alliance chain. These nodes must be built dynamically by many participants. And the existence of these nodes must need some kind of incentive, otherwise why do the builders of these nodes want to participate in your system. And this kind of incentive must be integrated with the blockchain system, and it must be money
then why is it currency, not legal currency, such as RMB, as an incentive
if RMB is used as incentive, because RMB should be stored in the RMB account, and the account itself is centralized, so it's easy to be controlled. Just think about why domestic bitcoin exchanges are so afraid of the central bank, and they are afraid of being weaned. In addition, RMB can't react with smart contracts within the blockchain
the electronic currency issued by the central bank can not be used as the original currency and incentive of a blockchain system. Why
if the central bank or a rich person wants to destroy a project, they just need to take out enough e-money to do enough nodes and attack 51%. Therefore, it is impossible to use the e-money issued by the central bank as the original currency and incentive blockchain system. However, blockchain projects with independent native currency and incentives have no such worries
If a person or organization wants to get enough nodes to carry out 51% attacks, it must first get more than 50% enough coins, and the amount of coins in the market is certain, so before it gets enough coins, the soaring price will make it hard for him to bear
therefore, a public chain project must have money. A public chain project without money is like a castrated person
in addition, only through the token and reasonable stimulation of output, can the proction relationship be changed and the value of blockchain be brought into play. Therefore, the project must have token, which can promote the development of the project faster. Token solves the problem of incentive and consensus, and incentive solves the problem of autonomy. The positive autonomous economic ecosystem and the underlying technology of blockchain are a perfect combination.
6.
Pure blockchain technology can also be applied in non-financial fields. Here are some examples of blockchain technology application:
-
cross center sharing of provident fund blacklist
ant financial blockchain and Huaxin Yong build "cloud platform of joint dishonesty punishment and deposit proof", Hainan province takes the lead in sharing the black list and deposit certificate of provident fund across centers and regions through the platform -
business service blockchain platform
the platform uses blockchain technology to open the service mode of "all-weather, zero meeting, one click" and applicants can apply for business license through the "blockchain + AI" platform, which takes only one and a half hours -
Jingdong Logistics creates a blockchain traceability platform with one click traceability of beef and mutton
< / OL >
there are many areas where blockchain technology can be applied, and it does not have to be related to digital currency. Cryptography focuses on blockchain information< br />
7. The fourth type of blockchain project is asset token project. What are the characteristics of asset token project? What are the typical representatives
the fourth category is the asset token blockchain project. Asset token refers to linking blockchain assets to physical assets such as gold and US dollars. It is the blockchain mapping of physical assets. At present, there are no more than 10 varieties. The typical representative is usdt against US dollars, digix Dao against gold, digix. Each token represents 1 gram of Gold Certified by London Bullion Market Association
asset token has the advantages of convenient transaction and storage. First of all, asset token is more convenient for transaction. Because blockchain assets can be split, it has better liquidity. For example, at present, real estate needs to be transferred as a whole. If the real estate can be token, it can be split and purchased, which is more convenient for transaction
secondly, the token of physical assets is more concive to custody. Gold is easy to wear out and cause losses in physical transactions. However, after the token of physical assets, there is no need for physical transfer, which is more concive to the custody of physical assets.
the fourth category is the asset token blockchain project. Asset token refers to linking blockchain assets to physical assets such as gold and US dollars. It is the blockchain mapping of physical assets. At present, there are no more than 10 varieties. The typical representative is usdt against US dollars, digix Dao against gold, digix. Each token represents 1 gram of Gold Certified by London Bullion Market Association
asset token has the advantages of convenient transaction and storage. First of all, asset token is more convenient for transaction. Because blockchain assets can be split, it has better liquidity. For example, at present, real estate needs to be transferred as a whole. If the real estate can be token, it can be split and purchased, which is more convenient for transaction
secondly, the token of physical assets is more concive to custody. Gold is easy to wear out and cause losses in physical transactions. However, after the token of physical assets, there is no need for physical transfer, which is more concive to the custody of physical assets.
8. Blockchain technology is the underlying technology of bitcoin, and bitcoin is the first application of blockchain
the transaction information of bitcoin is recorded in a decentralized ledger, which is called blockchain
according to the principle of cryptography, each block is connected in chronological order to form a chain structure, so it is named blockchain.
the transaction information of bitcoin is recorded in a decentralized ledger, which is called blockchain
according to the principle of cryptography, each block is connected in chronological order to form a chain structure, so it is named blockchain.
9. The final result is 21 million
to be exact, it is 2099999.97690000. Bitcoin electronic disk market is still very good
to be exact, it is 2099999.97690000. Bitcoin electronic disk market is still very good
10. Blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. In a narrow sense, blockchain is a kind of chained data structure that combines data blocks in chronological order in a sequential way, and it is a distributed account book that can not be tampered with and forged by means of cryptography. In a broad sense, blockchain technology is a new distributed infrastructure and computing method, 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
ways to make money by using blockchain:
one: arbitrage by moving bricks
in short, it is to move from one exchange to another, and then make a profit from it. Different from the stock market, the price difference between different exchanges in the blockchain market may reach more than 50%, which is quite profitable
Two: do blockchain we media
so far, not many media do blockchain, so there is still a wide demographic dividend. You can write articles, record videos, broadcast voice, and even live broadcast. There are unlimited possibilities: investment experience, project analysis, instry news, welfare selection, and knowledge popularization. As long as it continues, there will be gains and rewards
Three: bitcoin mining
the logic of making money from mining is very simple: invest RMB to buy equipment, power, set mining proceres, and then proce bitcoin, sell it in the market, and exchange it into RMB to complete an economic cycle. However, there are also risks in mining. Bitcoin proction is halved every four years. In addition to the cost of mining machines, electricity charges and maintenance, there are also risks such as unstable calculation and power failure. Moreover, mining machines are very noisy, and leaving them at home will affect rest. You need to choose a "mining machine" with high computing power and low power consumption, and then find a basement or warehouse to dig. Generally speaking, the cost is very high, If there is a bear market in the currency circle, the worst is the miners
Four: do the exchange and other trading platforms
open a trading website, so that everyone can trade and collect handling charges. Such as "fire coin" and "coin an", the myth of "sudden wealth" of young start-up companies represented by the post-80s generation has refreshed people's cognition again and again. There are discussions, there are transactions, there are transaction fees to earn
Five: application development
those who have certain development technology and seriously study blockchain technology can develop blockchain applications. Finding a clear positioning of an instry, trying to rewrite the rules of the game with blockchain, and developing distributed application DAPP are the direction of blockchain technology. At present, there are not many teams with development ability in China, and the projects made by technical teams with real talents are generally supported and liked by funds, and the secondary market usually performs well, such as anonymous technology of niche< Six: ICO
ICO (abbreviated as
initial
coin
offering), the initial issue of currency, originated from the concept of initial public offering (PO) in the stock market, is the first issue of token in block projects, and the raising of bitcoin, Ethereum and other general digital currencies< Seven: IFO
IFO (
initial
fork
offers) was issued for the first time. They generate new tokens by branching the bitcoin blockchain, claiming that they can achieve functions superior to bitcoin.
ways to make money by using blockchain:
one: arbitrage by moving bricks
in short, it is to move from one exchange to another, and then make a profit from it. Different from the stock market, the price difference between different exchanges in the blockchain market may reach more than 50%, which is quite profitable
Two: do blockchain we media
so far, not many media do blockchain, so there is still a wide demographic dividend. You can write articles, record videos, broadcast voice, and even live broadcast. There are unlimited possibilities: investment experience, project analysis, instry news, welfare selection, and knowledge popularization. As long as it continues, there will be gains and rewards
Three: bitcoin mining
the logic of making money from mining is very simple: invest RMB to buy equipment, power, set mining proceres, and then proce bitcoin, sell it in the market, and exchange it into RMB to complete an economic cycle. However, there are also risks in mining. Bitcoin proction is halved every four years. In addition to the cost of mining machines, electricity charges and maintenance, there are also risks such as unstable calculation and power failure. Moreover, mining machines are very noisy, and leaving them at home will affect rest. You need to choose a "mining machine" with high computing power and low power consumption, and then find a basement or warehouse to dig. Generally speaking, the cost is very high, If there is a bear market in the currency circle, the worst is the miners
Four: do the exchange and other trading platforms
open a trading website, so that everyone can trade and collect handling charges. Such as "fire coin" and "coin an", the myth of "sudden wealth" of young start-up companies represented by the post-80s generation has refreshed people's cognition again and again. There are discussions, there are transactions, there are transaction fees to earn
Five: application development
those who have certain development technology and seriously study blockchain technology can develop blockchain applications. Finding a clear positioning of an instry, trying to rewrite the rules of the game with blockchain, and developing distributed application DAPP are the direction of blockchain technology. At present, there are not many teams with development ability in China, and the projects made by technical teams with real talents are generally supported and liked by funds, and the secondary market usually performs well, such as anonymous technology of niche< Six: ICO
ICO (abbreviated as
initial
coin
offering), the initial issue of currency, originated from the concept of initial public offering (PO) in the stock market, is the first issue of token in block projects, and the raising of bitcoin, Ethereum and other general digital currencies< Seven: IFO
IFO (
initial
fork
offers) was issued for the first time. They generate new tokens by branching the bitcoin blockchain, claiming that they can achieve functions superior to bitcoin.
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