The main network of blockchain is not stable enough

1. Jinwowo analysis believes that blockchain mainly solves the trust and security problems of transactions. Once the information is confirmed and added to the blockchain, it will be permanently stored. Unless more than 51% of the nodes in the system can be controlled at the same time, the modification of data on a single node cannot be realized. Therefore, the data stability and reliability of blockchain are very high
e to the use of Distributed Accounting and storage, there is no centralized hardware or management organization, the rights and obligations of each node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system.

2.

Although driven by the influx of capital and talents, the blockchain instry ushered in rapid development, but as an emerging instry, the frequent warning of its security vulnerabilities caused people to worry about the risk of blockchain

Yu Kequn, director of the national information technology security research center, pointed out that the emergence of blockchain has brought people a lot of expectations for privacy exposure, data leakage, information tampering, network fraud and other issues. However, there are still many challenges in the security of blockchain

Li Bin, assistant director of China Information Security Evaluation Center, analyzed that the current blockchain is divided into three types: public chain, private chain and alliance chain. No matter which type, it faces security challenges in algorithm, protocol, use, time limit and system. What is particularly critical is that the current blockchain is still facing 51% attack problem, that is, nodes can successfully tamper and forge blockchain data by mastering more than 51% of the network examples

it is worth noting that in addition to external malicious attack risk, blockchain also faces the threat of its endogenous risk. Yu Kequn reminded that how to build a complete security application system around the equipment, data, application, encryption, authentication and authority of the application system of the whole blockchain is an important problem that all parties must face

Wu Jia also analyzed that as an emerging instry, employees in the blockchain instry are lack of safety awareness, which leads to the low safety factor of the software and hardware related to the blockchain and a large number of security loopholes. In addition, there are many ecological links in the whole blockchain. In contrast, the strength of the relevant security employees is scattered and it is difficult to form a joint force to solve the problem. A systematic solution is needed to meet the above challenges

content source: zhongxin.com

3. In one sentence, it is decentralization
blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies
the so-called consensus mechanism is a mathematical algorithm to establish trust and obtain interests between different nodes in the blockchain system
in a narrow sense, blockchain is a kind of chain data structure that combines data blocks in chronological order in a sequential way, and it can not be tampered with and forged by cryptography
broadly speaking, blockchain technology is a new distributed infrastructure and computing method, 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< Advantages:
1) the algorithm is simple and easy to implement
2) there is no need to exchange additional information between nodes to reach a consensus
3) it takes a lot of cost to destroy the system< Disadvantages:
1) waste of energy
2) it is difficult to shorten the block confirmation time
3) the new blockchain must find a different hash algorithm, otherwise it will face bitcoin attack
4) it is easy to generate bifurcation and needs to wait for multiple confirmations
5) there is no finality, and checkpoint mechanism is needed to make up for it.

4. I choose Chinese currency! Low operation delay, idle can also save money mining EOS, very suitable.

5. Now the application of blockchain belongs to the primary exploration period, and many business models can be applied, such as spectrum upgrading technology

6. At the technical level, blockchain still needs a breakthrough. Compared with Internet technology, people can use specific applications such as browser and app to browse, transfer, exchange and apply information. However, blockchain obviously lacks such breakthrough applications and faces high-tech barriers. Another example is the block capacity problem. Because the blockchain needs to carry all the information generated before replication, the amount of information in the next block will be greater than that in the previous block. If this is passed on, the information written in the block will increase infinitely, and the problems of information storage, verification and capacity need to be solved.

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