Annual summary of blockchain companies

1. blockchain is a distributed database system participated by nodes. Its characteristics are unchangeable and unforgeable. We can also understand it as an account book system. It is an important concept of bitcoin. A of the complete bitcoin blockchain records every transaction. Through this information, we can find the value of every address at any point in history

blockchain is composed of a series of data blocks generated by cryptographic methods. Each block contains the hash value of the previous block, which is connected to the current block from the original block to form a blockchain.

2. The following points are the characteristics of the blockchain summarized by jinwowo group:

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.

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How can enterprises establish their own blockchain

with the popularity of various currency transactions, the development of the exchange instry has been promoted. As Xiao, who wants to cross instry, how to establish a blockchain exchange development company? Chain soft network summarizes the following points for you

3. Working with banks or payment processors

you need to work with banks or payment providers to process payments in legal tender. You can choose a trustworthy bank with lots of online facilities

4. Create liquidity in your exchange

any exchange needs liquidity to operate successfully. Customers are hesitant to place orders or even deposit money unless they see the full order and transaction activity. New transactions will naturally encounter liquidity problems

5. Ensure high-level security of trading and customer data

any exchange development company needs first-class security to ensure that the funds of exchange operators and traders are safe. This should also apply to your customers' private data, including their KYC details and bank account information. Over the years, the unnoticed GOx vulnerability resulted in the theft of nearly 1% of the total number of bitcoins in circulation at that time. According to chain soft network, between 2009 and 2019, one third of all bitcoin exchanges were hacked. Therefore, security must be the first priority in your transaction

Finally, customer support is another important part of a successful exchange. Staff are required to approve KYC requests, answer customer complaints, process deposits and withdraw legal tender, etc. A fast customer support mechanism ensures that your customers start trading from the date of signing and generate revenue for your exchange

I hope it can help you to solve the related problems. For more details, please feel free to consult and discuss< br />