IBM blockchain consensus algorithm

1. There are many consensus mechanisms in the blockchain. The advantage of the pow consensus mechanism behind bitcoin, the most influential one, is that it is secure and can not be tampered with. The disadvantage is that it is too slow to process only seven transactions a second

2. Blockchain is a decentralized distributed ledger system, which can be used to register and issue digital assets, property rights certificates, points, etc., and transfer, pay and trade in a point-to-point manner. Compared with the traditional centralized ledger system, blockchain system has the advantages of complete disclosure, tamper proof, multiple payment prevention, and does not rely on any trusted third party
e to the high network delay in peer-to-peer network, the transaction order observed by each node can not be completely consistent. Therefore, the blockchain system needs to design a mechanism to reach a consensus on the sequence of transactions that occur in the same time. This algorithm to reach consensus on the order of transactions in a time window is called consensus mechanism
-- chainknow

3. The so-called "consensus mechanism" is to complete the verification and confirmation of the transaction in a very short time through the voting of special nodes; For a transaction, if several nodes with unrelated interests can reach a consensus, we can think that the whole network can also reach a consensus. More generally speaking, if a Chinese microblog big V, an American virtual currency player, an African student and a European tourist do not know each other, but they all agree that you are a good person, then you can basically conclude that you are not bad
as a data structure that stores data in chronological order, blockchain can support different consensus mechanisms. Consensus mechanism is an important component of blockchain technology. The goal of blockchain consensus mechanism is to make all honest nodes keep consistent blockchain view, and satisfy two properties at the same time:
1) consistency. The prefix part of the blockchain saved by all honest nodes is exactly the same
2) effectiveness. The information released by one honest node will be recorded by all other honest nodes in their own blockchain.

4. Chongqing jinwowo analysis distributed consensus algorithm:
the blockchain system uses the distributed consensus algorithm to generate and update data, which eliminates the possibility of illegal tampering with data from the technical level, thus replacing the third-party intermediary institutions in traditional applications to ensure trust and transaction security, and recing the time cost, human cost and resource consumption caused by maintaining credit.

5.

China has started to establish a national standard for blockchain to promote the construction of blockchain standard system from top-level design, which is expected to be completed by the end of 2019 at the earliest

in this regard, Zhao Wu, founder of Beijing Huashun Xin'an Technology Co., Ltd., also said that although the blockchain has disruptive technology potential, we must realize that the blockchain is still in its infancy, far from reaching the stage of subverting the world

Yu Kequn stressed that the independent and controllable blockchain network is intended not to be controlled by others technically, but also to promote the healthy development of blockchain. Security is the future life of blockchain. Only its own security can make blockchain technology landing. This requires us to pay equal attention to the development of blockchain technology and its security attributes, even ahead of time

in this regard, Li Ming also said that an important part of the standard is the information security standard, which can also see the importance of security to blockchain technology. He also pointed out that the development of blockchain standards does not mean that it will rapidly promote the development of the instry, but give the instry certain guidance. Previously, China has suffered a lot in terms of international intellectual property rights and standards. In terms of blockchain, China has formed more than 200 patents in terms of international blockchain, and even stands in the forefront of world technology. Therefore, we also need to firmly grasp our right to speak

content source: Xinhuanet

6. I just came into contact with this project recently. I hope it can help you
FST network is a blockchain application technology service platform, which is committed to further application of blockchain. Its pillar proct FST network engine mole is an infrastructure built for enterprises to save development time. The FST network engine mole, through comprehensive molar logic construction, allows anyone to manage the certificate business without coding environment, reces the threshold of the blockchain development community, and saves the development cycle.

7. Generally speaking, the competition of blockchain public chain is fierce now, because the public chain project is the foundation of blockchain ecology, and the public chain is a super project with huge system, extremely complex and extremely difficult. At present, the overall market situation is similar to that in the early days of the computer system, which started with the development of technology; Linux operating system and UNIX (Younis) are changing, but in the end, windows dominates and apple OS coexists for a long time< br /> 
at present, Ethereum and EOS are the most popular public chains. However, the market value of EOS has plummeted after its epic loophole recently, which has been downplayed by many media. Often the most promising at the beginning may not win in the end. Recently, because of their innovative consensus algorithm, they proposed quite innovative CPOs and focused on a new public chain project

their name is gaiaworld public chain, and their CPOs consensus algorithm is their core technology. Specific technical details can go to the official website to see the white paper, in short, TPS speed has reached a new height, faster than Ethereum, and can support the layout of large projects< br /> 
at the same time, they have innovated two other technologies. Parallel chain technology can make it easier for other developers to release side chains, and then aegis protocol, which is a specific smart contract protocol&# 160;< br /> 
now there are so many air projects, it's really hard to distinguish the good from the bad, but I think the technology platform is the future
hope to adopt