Blockchain accounting efficiency

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 essentially a decentralized database
for example, if you are a woman, every time your boyfriend says something disgusting to you or promises to buy something for you, you immediately record it and send it to you and all his friends, classmates, colleagues, as well as various groups and circles of friends, so that he can no longer resist. This is called blockchain
the core advantage of blockchain technology is decentralization, which can realize point-to-point transaction, coordination and cooperation based on decentralized credit in a distributed system without mutual trust by means of data encryption, time stamp, distributed consensus and economic incentive, so as to solve the high cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.

2. For the benefits, jinwowo feels that the biggest benefit is to obtain great security. First of all, there is a central ledger, so it cannot be destroyed. As like as two peas, each node is only part of the system, and each node has the same rights. Destroying some nodes has no effect on the system at all. Secondly, you can't cheat, because unless you can control most people's computers in the system to make changes, the system will refer to the opinions of most people to decide what is the real result. As a result, it will find that it is totally meaningless to modify your own account book (because others don't admit it). Secondly, since there is no centralized intermediary, making everything run automatically through preset proceres can not only greatly rece costs, but also improve efficiency. Since everyone has the same account book, it can ensure that the process of account book recording is open and transparent.

3. Blockchain technology will not affect efficiency and waste computing power. The key is to see how to innovate in a mode and how to use blockchain technology efficiently to achieve the effect of the mode
blockchain is essentially an encryption algorithm, which is based on the principle of hash 256 bit algorithm to achieve information security; The application of modern information will become more and more global and universal. Besides the basic requirements of anti tampering, anti repudiation and trustworthiness, the protection of privacy needs to be strengthened. The blockchain technology is proced because of the development of modern cryptography. The cryptography used today is the result of cryptography 20 years ago, Therefore, in order to apply the blockchain technology to more participation scenarios, especially in the Internet economy, more verification is needed to verify whether the existing encryption technology can meet the demand, and more in-depth integration of cryptographic frontier technology and continuous innovation are needed
as long as we use blockchain to make innovations in accounting methods based on our own mode, it will not affect efficiency and waste computing power, but will shorten the time and improve efficiency.

4. 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)
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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.

5. Blockchain is a technical solution to collectively maintain a reliable database through centralization and distrust. This technical solution allows any number of nodes in the participating system to calculate and record all the information exchange data in the system in a period of time to a data block through cryptography algorithm, and generate the fingerprint of the data block for linking the next data block and checking. All participating nodes in the system jointly determine whether the record is true
blockchain can improve the way of data recording in audit. In the current network audit, although there is an early warning mechanism, it still needs auditors to judge and handle the abnormal records manually; Blockchain can automatically process the abnormal records through whether each node verifies and approves the block and the transaction information in it, whether the network node is attacked, and whether the account book of each node is complete, so as to make real-time audit possible. Auditors can directly access and query the effective information on the blockchain, judge whether the processing is reasonable and make corrections. In the blockchain, timestamps are used to record various transactions and operations, which can achieve historical traceability and tracking, and greatly improve the quality and efficiency of audit
blockchain can change the storage mode of audit data. In traditional audit, data are stored in an audit center server, which not only has the problems of high load and slow running speed, but also is vulnerable to attack; The blockchain audit system is a typical distributed storage, each node has the same backup, which can not only save the high cost and maintenance costs of the server, but also ensure the integrity of the data
semi public private chain can be used for audit. Blockchain can be divided into three forms: public chain, semi open private chain and full private chain. Considering the characteristics of audit instry, it is appropriate to adopt semi open private chain mode. For the audited units and enterprises, some trade secret information is not disclosed, but the pre selected nodes within the group decide the generation of the block. External suppliers can participate in the transaction but not the accounting process. Externally, it provides a third-party query node to query through the open API. In this way, it can not only ensure the internal privacy of the enterprise, but also enable the external auditors to implement real-time audit query.

6. Blockchain is a decentralized distributed record book and a credit data system. Its advantages are obvious
1. What the Internet changes is the acquisition and transmission of information, while what blockchain does is the transmission of value
for example, on the Internet, we can easily and quickly generate information and it to any place. All information can be spread efficiently, but some valuable information that can only be transferred but cannot be shared often needs credit endorsement
for example, we can't the payment directly to the other party, but we need to subtract some money from the payment account and add some money to the collection account to complete the payment process. The current Internet protocol does not support the function of value transfer. The current value transfer is not direct transmission. Instead, it is endorsed by a centralized third party, such as Alipay, such as banks.
now these centralized organizations put all the calculation of value transfer in a centralized server, which will certainly involve the participation of people, which will cause many problems, such as some "finite theory" and "opportunistic behavior", which will make the whole behavior less credible. So there is a basic question, how to reach a credit consensus
this is how blockchain technology came into being. It can be said that blockchain can build a pure point-to-point value transfer system. Without the mutual trust of each node, blockchain can ensure the integrity and security of data records in the system, and can be separated from the endorsement of third-party organizations, effectively recing the complexity and risk of transactions
2. It is open and transparent, and can not be tampered with
all data of the blockchain can not be tampered with or deleted, and the information of the whole system is open and transparent. If someone owes you a sum of money, and now the data has been put on the blockchain, if he doesn't want to return it to you and play a rogue with you, you can go to the court to protect your rights through the data forensics on the blockchain, so as to get back your legitimate funds. Because the data on the blockchain is open to the whole network, the users of the whole network will know his rogue behavior, which will greatly increase his credit cost. Dishonesty will make him have an important impact in the next life.

7.

Distributed accounting technology is a database distributed on multiple nodes or computing devices. Each node can and save a ledger, and each node can update independently. Its feature is that the ledger is not maintained by any central organization, and the update of the ledger is built and recorded by each node independently

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node can vote on these updates to ensure that they are in line with the majority opinion. This kind of voting is also called consensus, and consensus is automatically reached through the algorithm. Once a consensus is reached, the distributed ledger will update itself, and the latest agreed version of the ledger will be saved on each node

distributed accounting technology solves the problem of trust cost, which is less dependent on banks, government and Justice Department, and the data is all on nodes. At the same time, it also solves the problems of consumer rights, financial integrity and transaction speed

extended data:

distributed ledger is a kind of database shared, copied and synchronized among network members. Distributed ledgers record transactions between network participants, such as the exchange of assets or data. This shared ledger eliminates the time and expense of mediating different ledgers

distributed ledger (also known as shared ledger, or distributed classification technology) is a replication consensus, sharing and synchronizing digital data geographically distributed in multiple websites, countries, or institutions. There is no central administrator or centralized data storage.

a point-to-point network is required, and consensus algorithms are used to ensure replication at nodes. A form of distributed classification design, blockchain system, can be public or private

but not all distributed accounts must use chain blocks to provide security and effectively realize distributed consensus: blockchain is just a type of data structure, which is considered as a distributed ledger. In 2016, many banks tested the balance of payments account

the participants in the network restrict and negotiate the updating of the records in the account book according to the consensus principle. There is no intermediate third-party arbitration institutions (such as financial institutions or clearing houses) involved. Each record in the distributed Ledger has a time stamp and a unique password signature, which makes the ledger an auditable history of all transactions in the network

8. Jinwowo network analysis: more vividly, the blockchain is like an electronic linked list, which is composed of blocks one by one, and contains all the valid data in these blocks. Whenever new data appears, it will be packaged and summarized into a new block according to the consensus rules on the chain, and connected to the back of the original chain. Finally, in the whole blockchain system, each participant downloads and saves the complete linked list and updates it all the time.

9. It can be found that this is at the expense of a little bit of efficiency, and obtains great security. First of all, there is no big central ledger, so it cannot be destroyed. As like as two peas, each node is only part of the system, and each node has the same rights. Destroying some nodes has no effect on the system at all.