Blockchain Babao encryption tree

1. Because blockchain technology has natural advantages in realizing smart contracts
bitcoin, Ruitai coin, Laite coin, Ethereum and other digital cryptocurrencies all use blockchain technology
blockchain is an important concept of bitcoin, which is essentially a decentralized database and the underlying technology of bitcoin. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of a bitcoin network transaction, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block.

2. Blockchain encryption algorithm
asymmetric encryption algorithm is a function that converts the original plaintext file or data into a series of unreadable ciphertext codes by using an encryption key. The encryption process is irreversible. Only holding the corresponding decryption key can the encrypted information be decrypted into readable plaintext. Encryption enables private data to be transmitted through the public network under the condition of low risk, and protects the data from being stolen and read by the third party
the core advantage of blockchain technology is decentralization, which can realize point-to-point transaction, coordination and cooperation based on decentralized credit in a distributed system without mutual trust by means of data encryption, time stamp, distributed consensus and economic incentive, so as to solve the high cost and low cost of centralized institutions Low efficiency and data storage insecurity provide solutions
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.

3.

1.1. Introction

practitioners in the computer instry should be very familiar with the word hash. Hash can realize the mapping of data from one dimension to another, and hash function is usually used to realize this mapping. Generally, y = hash (x) is used in the instry. The hash function can calculate a hash value y by calculating X
hash function characteristics in blockchain:

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function parameters are string type

fixed size output

is computationally efficient

collision free means that the conflict probability is small: X= y => hash(x) != Hash (y)

hide the original information: for example, the verification of transactions between nodes in the blockchain only needs to verify the information entropy of the transaction, and does not need to compare the original information. The nodes do not need to transmit the original data of the transaction, only the hash of the transaction, Common algorithms include Sha series and MD5

1.2. Hash is widely used in blockchain. One of them is called hash pointer
hash pointer, which means that the value of the variable is calculated from the actual data and points to the actual data location, That is, it can not only represent the actual data content, but also the storage location of the actual data. The figure below shows the schematic diagram of hash pointer

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4.

there are about three kinds of currency in currency speculation. one is the base currency, which is similar to the representative of money. CNY and usdt Basic goods with value). One is the mainstream token, BTC, ETH (because of the national restrictions, the exchange can only trade in token, that is, take one kind of virtual currency to buy another kind of virtual currency, I don't know why.) The other is a variety of virtual currencies (commodities)

the purchase process is to first go to the exchange platform to find a personal seller with RMB to exchange for usdt, In the process of using usdt to exchange for the mainstream token BTC or eth used in purchasing various virtual coins, and finally using eth to purchase various virtual coins

A. base currency: CNY, usdt (exchangeable, need to be exchanged in good faith transactions with indivial buyers) B. mainstream token: BTC, ethc, virtual currency: all kinds of money, such as profit, need to be exchanged into usdt again, and then sold into CNY. Learn more about the coin circle

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sharing area network ~ learn more about the coin circle

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experience: 1. Buy mainstream currency if you can't buy it. 2. If the new currency is not fried in January, it may become a banker to harvest leeks. 3. Just learned an experience, chasing up and killing down, meaning up do not buy, buy must be cut leeks If you have strength and value, you can hold it and wait for salted fish to turn over. 5. If the company is strong, the team is strong, and the executives are strong, you can pay more attention to it. Note: I don't understand the K line at all, and I don't understand the professional words, so I can only make a tentative decision on these purchase principles based on logical thinking

5. View the usage of mod, and add it in mod option (main interface).

6. Think too much... Take sha256 for example, the probability that you will collide with the private key is probably equivalent to finding a special atom from all the observable atoms in the universe. It is equivalent to winning millions of grand prizes in a row. This has nothing to do with IQ. This encryption method is barbaric and effective, not high-tech
in the future, blockchain encryption can be said to be cracked. Of course, it's not the current computer system, it's the quantum computer. Once this thing is mass proced, the blockchain will be abandoned.

7.

At present, there are nearly 2000 cryptocurrencies

in the world

8. First of all, it is obviously different from Internet cafes
first, it needs to go through the Civil Affairs Bureau of the Sports Bureau
Second, it needs to apply for a business license
the Culture Bureau for filing
E-sports magazine