Representative of blockchain 20
blockchain 1.0 era usually refers to the development stage of blockchain application represented by bitcoin from 2009 to 2014. They are mainly committed to solving the problem of decentralization of currency and means of payment; After 2014, developers pay more and more attention to solve the technical and scalability problems of bitcoin. At the end of 2013, vitalik buterin released Ethereum white paper "Ethereum: next generation smart contract and decentralized application platform", which introced smart contract into blockchain and opened the application of blockchain outside the currency field, thus opening the era of blockchain 2.0< The so-called smart contract is actually a kind of computer contract that can be automatically executed based on prescribed trigger rules. It can also be regarded as a digital version of traditional contract. It was proposed by interdisciplinary legal scholar and cryptography researcher Nick Szabo more than 20 years ago. This technology was once not used in the actual instry because of the lack of programmable digital system and related technologies, until the emergence of blockchain technology and Ethereum provided a trusted execution environment for it
compared with bitcoin, Ethereum is a complete scripting language of Turing, which supports developers to create and publish arbitrary decentralized applications on the platform. Since its birth, there have been more than 200 decentralized applications based on Ethereum in the world
the chief researcher of bitwindow blockchain said: in the era of blockchain 2.0 represented by Ethereum, blockchain technology has graally expanded from the field of currency and payment to the field of finance. With the development of technology and the wider application of blockchain, the era of blockchain 3.0 beyond the monetary and financial fields will be around the corner. This article is excerpted from bitwindow. China's professional blockchain and digital currency instry analyzes the media, and adheres to a neutral, objective and dialectical attitude to understand and interpret the latest trends of blockchain and digital currency
in the early stage of the development of the blockchain instry, many enterprises and institutions formed a blockchain alliance to share the research results of blockchain technology and seek wider application of blockchain technology
in the past two years, blockchain alliances have emerged. As of July 2017, there are R3 composed of more than 40 international banks, hyperledger initiated by Linux foundation, Zhongguancun blockchain Instry Alliance located in the core hinterland of China's Internet, China ledger alliance jointly initiated by 11 institutions, gold chain alliance jointly established by 25 financial institutions, and so on Russia's blockchain alliance, known as "Russian version R3", seeks to combine with micro finance, Qianhai international blockchain ecosphere alliance led by Shenzhen Qianhai administration, and Lujiazui blockchain Financial Development Alliance in Lujiazui
many organizations and talents join to promote the vigorous development of blockchain.
Blockchain is a term in the field of information technology. In essence, it is a shared database. The data or information stored in it is characterized by "unforgeability", "trace in the whole process", "traceability", "openness and transparency" and "collective maintenance". Based on these characteristics, blockchain technology has laid a solid "trust" foundation, created a reliable "cooperation" mechanism, and has broad application prospects
on January 10, 2019, the state Internet Information Office issued the regulations on the management of blockchain information services. In October 24, 2019, ring the eighteenth collective learning of the Central Political Bureau, general secretary Xi Jinping stressed that "block chain as an important breakthrough in core technology and independent innovation", "accelerating the development of block chain technology and instrial innovation". "Blockchain" has entered the public field of vision and become the focus of social attention
on December 2, 2019, the word was selected into the top ten catchwords of "biting words" in 2019
extended data:
Application of blockchain Finance:
since 2016, the major financial giants have also carried out blockchain innovation projects to explore the possibility of applying blockchain Technology in various financial scenarios. In particular, Puyin group took the lead in creating a "blockchain +" standard digital currency
standard digital currency refers to the process of assets identification, evaluation, right confirmation and insurance completed by a third party organization, which is written into the blockchain through careful digital algorithm to form the standard corresponding relationship between assets and digital currency, which is called standard digital currency
in order to realize the great leap forward development of blockchain finance, promote the new development of China's economy, accelerate the circulation of global assets, and realize the dream of rejuvenation that has been struggling for generations, Puyin group will hold the Guiyang strategic development ceremony of Puyin blockchain finance in Guizhou on December 9, 2016
the meeting will discuss the realization of digital circulation of assets by blockchain, the financial transaction mode of blockchain, and the application of blockchain services and social public instry. This conference will mark the beginning of the application of blockchain finance and the change and development of the new financial ecology
(1) distributed ledger, that is, transaction bookkeeping is completed by multiple nodes distributed in different places, and each node records complete accounts, so they can participate in monitoring the legitimacy of transactions, At the same time, they can testify together
different from traditional distributed storage, the uniqueness of distributed storage of blockchain is mainly reflected in two aspects: one is that each node of blockchain stores complete data according to block chain structure, while traditional distributed storage generally stores data in multiple copies according to certain rules. Second, the storage of each node in the blockchain is independent and has the same status, which relies on the consensus mechanism to ensure the consistency of storage, while the traditional distributed storage generally synchronizes data from the central node to other backup nodes[ 8]
no single node can record the account data separately, so as to avoid the possibility that a single bookkeeper is controlled or bribed to record false accounts. In theory, unless all the nodes are destroyed, the accounts will not be lost, so as to ensure the security of the account data
(2) asymmetric encryption and authorization technology, the transaction information stored on the blockchain is public, but the account identity information is highly encrypted, which can only be accessed under the authorization of the data owner, thus ensuring the data security and personal privacy
(3) consensus mechanism is how to reach a consensus among all accounting nodes to determine the validity of a record, which is not only a means of identification, but also a means of preventing tampering. Blockchain proposes four different consensus mechanisms, which are suitable for different application scenarios and achieve a balance between efficiency and security
the consensus mechanism of blockchain has the characteristics of "the minority is subordinate to the majority" and "everyone is equal", in which "the minority is subordinate to the majority" does not completely refer to the number of nodes, but also can be the computing power, the number of shares or other characteristics that can be compared by computers“ "Everyone is equal" means that when the nodes meet the conditions, all nodes have the right to put forward the consensus results first, and then directly recognized by other nodes, and finally may become the final consensus results. Taking bitcoin as an example, the workload proof is adopted. Only when more than 51% of the accounting nodes in the whole network are controlled can a nonexistent record be forged. When there are enough nodes in the blockchain, this is basically impossible, thus eliminating the possibility of fraud.
(4) smart contract, which is based on these trusted and tamperable data, can automatically execute some pre-defined rules and terms. Take insurance as an example. If everyone's information (including medical information and risk occurrence information) is true and reliable, it is easy to carry out automatic claim settlement in some standardized insurance procts
1.0: digital currency decentralization
2.0: smart contract; Digital assets; Financial application
3.0: decentralized mutual trust network; Decentralized trust mechanism
better use of digital currency trading platform "currency exchange"
blockchain 2.0 is a smart contract represented by Ethereum and reborn, or understood as "programmable finance", which is an application to sort out and optimize the use scenarios and processes in the financial field
blockchain 3.0 is the application scenario of blockchain technology in the social field, which extends blockchain technology beyond the financial field and provides decentralized solutions for various instries