Characteristics of blockchain lottery
1 - Decentralization: because the blockchain relies on each node to achieve system maintenance and ensure the authenticity of information transmission, it is based on distributed data storage without centralized management by a certain center, Therefore, the attack and tampering of a node will not affect the healthy operation of the whole network
2-DE Trust: the establishment of a connection between any two nodes does not need to trust each other's identity, and the data exchange between the two sides does not need the basis of mutual trust. Since all nodes in the network can act as "supervisors", there is no need to worry about fraud
3 - extensible: blockchain is an underlying open source technology, on which various kinds of extension, decentralized and distrusted applications can be realized<
4 - anonymization: the two sides of data exchange can be anonymous, and the nodes in the network can exchange data without knowing each other's identity and personal information
5 - Security and reliability: because the activities between any nodes are supervised by the whole network, and the database adopts distributed storage, for hackers, first, they can't disguise and cheat, Second, we can't control the network only by conquering a node.
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. In short, in the blockchain system, the transaction data generated by each participant will be packaged into a data block after a period of time. The data blocks are arranged in chronological order to form a chain of data blocks. Each participant has the same data chain and cannot be tampered unilaterally, Any modification of information can only be carried out with the agreement of the agreed proportion of subjects, and only new information can be added, and the old information cannot be deleted or modified, so as to realize the information sharing and consistent decision-making among multiple subjects, and ensure that the identity of each subject and the transaction information between subjects can not be tampered with, open and transparent
the technical commonness of blockchain projects: block, account, smart contract and consensus, which constitute the general model of the current blockchain system
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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
e to the use of Distributed Accounting and storage, there is no centralized hardware or management organization, the rights and obligations of any node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system
openness
the system is open, in addition to the private information of all parties to the transaction is encrypted, the data of the blockchain is open to all, and anyone can query the blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent
autonomy
blockchain adopts consensus based specifications and Protocols (such as a set of open and transparent algorithms) to enable all nodes in the whole system to exchange data freely and safely in a de trusted environment, so that the trust in "people" is changed into the trust in machines, and any human intervention does not work
information cannot be tampered with
once the information is verified and added to the blockchain, it will be stored permanently. Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of the database on a single node is invalid, so the data stability and reliability of the blockchain are extremely high<
anonymity
since the exchange between nodes follows a fixed algorithm, their data interaction does not need to be trusted (the program rules in the blockchain will judge whether the activity is effective by themselves), so the counterparties do not need to trust themselves by disclosing their identities, which is very helpful for credit accumulation
According to reports, blockchain has the advantages of decentralization, distrust and tamper proof
compared with the Internet, the blockchain network conceived by Cosmos not only realizes information interaction, but also realizes the transmission of asset value. Through the IBC cross chain protocol, the token can be transferred across the chain between the blockchains based on Cosmos' tendermint core. For the public chains based on POW consensus mechanism like Ethereum, pegged zone can be used to bridge
Article source: bit110 network
1. Block chain technology is a decentralized consensus mechanism to maintain a complete, distributed and tamper proof ledger database. It can enable the participants in the blockchain to achieve a unified ledger system without establishing a trust relationship. 2. Renren blockchain technology service platform does not need to develop one click to create its own blockchain system to quickly build blockchain infrastructure; One click to complete the development and deployment of blockchain applications; To provide your customers with open, transparent and credible services.
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blockchain system consists of data layer, network layer, consensus layer, incentive layer, contract layer and application layer
among them, the data layer encapsulates the underlying data block and related data encryption and timestamp technologies; The network layer includes distributed networking mechanism, data transmission mechanism and data verification mechanism; The consensus layer mainly encapsulates all kinds of consensus algorithms of network nodes; The incentive layer integrates economic factors into the blockchain technology system, mainly including the issuance mechanism and distribution mechanism of economic incentives; The contract layer mainly encapsulates all kinds of scripts, algorithms and smart contracts, which is the basis of the programmable characteristics of blockchain; The application layer encapsulates various application scenarios and cases of blockchain