Advantages of blockchain Distributed Accounting

1. That's a good question. Let me give you an example. For example, when I deposit 100 yuan in the bank, the data of this deposit is only recorded in the bank's database, which can't be obtained by others, namely "central bookkeeping". The blockchain is a distributed accounting, a new information recording technology, and it is "encrypted" and "distributed". The data does not exist in a center, but is stored once on the computer of the whole network. For example, if I transfer 100 yuan to you, I will shout to all the computers in the whole network. Let's record the accounts together, that is, "Distributed Accounting".

2. Blockchain technology is also known as distributed ledger. Generally speaking, if we assume that the database is an ledger, reading and writing the database can be regarded as a kind of bookkeeping behavior. The principle of blockchain technology is to find the fastest and best person for bookkeeping in a period of time, and then send this page of information of the ledger to everyone else in the whole system. This is equivalent to changing all the records in the database and sending them to every other node in the whole network, which can not only ensure the data security, but also ensure the authenticity of the data, so as to enhance the social credit.

3. 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.

4.

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

5. MD5? That is to check the integrity of BT files, authenticity, must have seeds to be able to download