The programmability of blockchain
blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies
blockchain is an important concept of bitcoin. It is essentially a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains the information of a bitcoin network transaction, Used to verify the validity of its information (anti-counterfeiting) and generate the next block
some areas where blockchain can be used can be as follows:
& ᦇ 9642; Smart contract; Securities trading; E-commerce; Internet of things; Social communication; File storage; Proof of existence; Authentication
&9642; Equity crowdfunding
we can compare the development of blockchain with the development of the Internet itself. In the future, something called finance Internet will be formed on the Internet. This thing is based on blockchain, and its precursor is bitcoin, that is, traditional finance starts from private chain and instry chain (LAN), bitcoin series starts from public chain (WAN), They all express the same concept - digital asset, and finally converge to an intermediate equilibrium point
The evolution mode ofblockchain is as follows:
& 9642; Blockchain 1.0 digital currency; Blockchain 2.0 digital assets and smart contracts; Blockchain 3.0: implementation of distributed applications in various instries
Recently, many friends have come to ask questions about blockchain, such as the specific advantages of blockchain, why to invest in blockchain, and what benefits can it bring? Can't you invest in real estate and wait for the appreciation; Can't you invest in a mature market like stocks and bonds? Why invest in the emerging blockchain? Does blockchain have any investment value? And so on a series of questions, I have made the following summary, basically summarized the answers to most of the related questions:
it can be summarized in the following four aspects:
1. Blockchain has a good market prospect; 2; As an emerging technology, blockchain is recognized by many professionals including investors. It is estimated that the market value of blockchain will be about US $60 billion in 2020 and US $20 million in the global market in 2024. The considerable market prospect of blockchain is obvious
2. The cost of block chain is less; Compared with the centralized mode of relying on third-party intermediaries such as credit card payment and stock trading, the decentralized distributed structure of blockchain saves investors high handling fees and transaction costs, saves investment costs and improves transaction processing efficiency
3. Block chain is more secure and stable; The traditional centralized mode often faces serious credit crisis, but because each transaction in the blockchain is tracked and permanently recorded by the distributed public account book, the phenomenon of forgery is greatly reced, and the losses caused by the credit problems of the third party are avoided, providing security for investors' transactions
4. The programming attribute of block chain is more standard; Traditional market investors often affect their earnings because of the confusion of market levels, and the programmability of blockchain makes the market level clear, which is an innovative technology that can change people's lives
I hope it can help you to solve related problems. Please feel free to ask or discuss more details or any questions
Blockchain 1.0: programmable currency. Programmable currency is a flexible and almost independent digital currency. Bitcoin is a kind of programmable currency, which makes the flow of value in the Internet possible. Blockchain constructs a new digital payment system, in which people can conct barrier free digital currency transactions or cross-border payment. Moreover, e to the characteristics of decentralization, tamper proof and trustworthiness, blockchain can guarantee the security and reliability of transactions, which will have a subversive impact on the existing monetary system. Blockchain 1.0 sets a new starting point for currency, but there is still a long way to go to build a global unified blockchain network
blockchain 3.0: programmable society. With the further development of blockchain technology, e to its decentralization and distrust function, the application of blockchain will go beyond the financial field. Blockchain 3.0 will not only extend its application to social governance fields such as identity authentication, audit, arbitration and bidding, but also include instry, culture, science and art. By solving the problem of distrust, blockchain technology provides a general technology and global solution, that is, it no longer establishes credit and shares information resources through a third party, so as to improve the operation efficiency and overall level of the whole field. In this application stage, blockchain technology will be used to connect all people and devices to a global network, scientifically allocate global resources, realize the global flow of value, and promote the development of the whole society into a new era of intelligent interconnection
According to reports, blockchain has the advantages of decentralization, distrust and tamper proof
compared with the Internet, the blockchain network conceived by Cosmos not only realizes information interaction, but also realizes the transmission of asset value. Through the IBC cross chain protocol, the token can be transferred across the chain between the blockchains based on Cosmos' tendermint core. For the public chains based on POW consensus mechanism like Ethereum, pegged zone can be used to bridge
Article source: bit110 network
nowadays, blockchain has become an area of public concern, and many enterprises have already studied the implementation of this technology. However, there are still a large number of people who are not familiar with the relevant concepts of blockchain technology. Recently, Viking Research Institute and think tank a jointly proced the blockchain instry dictionary. Bianews, as a media partner, has been authorized to popularize the knowledge of blockchain every day
today, bianews will bring you a little knowledge of blockchain. (2) the characteristics of blockchain
1. Anonymity / anonymousness because the data exchange between the nodes of the blockchain follows a fixed and predictable algorithm, the blockchain network does not need to be trusted and can exchange data based on address rather than personal identity
2. Autonomous / autonomous blockchain adopts consensus based mechanism, which enables all nodes in the whole system to exchange data, record data and update data freely and safely in a de trusted environment, without any human intervention
3. The open / openness blockchain system is open, and any node can have the total account book of the whole network. Except that the private information of the parties directly related to the data is encrypted by asymmetric encryption technology, the data of the blockchain is open to all nodes, so the information of the whole system is highly transparent
4. The digital nature of programmable / programmable distributed ledger means that blockchain transactions can be associated with computing logic and are programmable in nature. Therefore, users can set algorithms and rules to automatically trigger transactions between nodes
5. The traceability / Traceability blockchain stores all the historical data after the genesis block through the block data structure, and any data on the blockchain can be traced back to its origin through the chain structure
6. Tamper proof / after the information of tamper proof blockchain is added to the blockchain through consensus, it is jointly recorded by all nodes, and the mutual correlation is ensured through cryptography, so the difficulty and cost of tampering is very high
7. The collective maintenance / collectively maintain blockchain system is jointly maintained by all the nodes with maintenance function. All nodes can query blockchain data and develop related applications through open interfaces
8. No license / permissionless no license means that all nodes can request to add any transaction to the blockchain, but only if all users think it is legal.
n. Fugue, hazy state, amnesia
v. score Fugue