Can blockchain achieve a referendum

1. It's necessary to supervise. Now the coin chain is in a mess. It's just a lack of supervision. Although Li Xiaolai's story is true, it shows that a few indivials in the currency circle can call the wind and the rain in it, which makes ordinary investors feel embarrassed
technology listing can be realized as long as the regulatory agencies, financial institutions and users are moved to the chain, all transactions are on the chain, and certain management and view permissions are set, which can not only ensure data security, but also use the non tampering and traceable performance of blockchain technology to complete regulatory operations, so that the whole chain circle can develop healthily. It's always manipulated by people, where are the funds coming in? If we don't supervise it well, the market opportunities will be depressed.

2. If you have your own technology, you can develop it yourself. If you have money, you can hire people to develop it.

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. In fact, blockchain is widely used and may be used by all walks of life in the future. At present, wangchain technology is the best application in China. The implementation plans include ecation, assets, agriculture, etc.

6. Blockchain notarization can be realized in the judicial field
the specific reasons are as follows: 1. The characteristics of blockchain technology timestamp can solidify the information written in a period of time; 2. Distributed accounting technology can ensure that the information entered in the process of law enforcement can not be tampered with to ensure security; 3. The application of hash algorithm can protect personal privacy and realize public query of information at the same time; 4. The decentralized nature of blockchain determines its scalability, which makes up for the disadvantages of traditional storage
with the help of technical means, blockchain notarization can realize the convenience and efficiency of notarization. Cipher finance mimacaijing focuses on blockchain information.

7. Blockchain is also a virtual currency. It is invisible. Money can not be seen without buying and selling money. The current trading of money is different. Some currencies can be traded, while others can not. At present, blockchain market is mixed. It's hard to tell the true from the false...