Blockchain technology solves the trust relationship between peop
blockchain increases the width and depth of human trust cooperation.
with the rise of blockchain technology, the encryption of blockchain technology can provide solutions for the protection of personal information. Blockchain technology can store personal information in a distributed way to avoid the security risks faced by a single server. Jinwowo network technology has concted in-depth research and Application on blockchain technology
nowadays, people are exchanging cryptocurrency at a higher and higher speed. But what makes cryptocurrency so trustworthy? The answer is simple: everyone has their own blockchain
what is blockchain technology, what are its benefits, and what is building digital trust
transfer the burden of trust
when we deposit money in a certain place, we believe it will not modify our account. Similarly, when we do retail business, we expect to get enough goods in exchange for the money we spend. By using blockchain, cryptocurrency providers have eliminated the trust burden of third-party financial institutions
blockchain is a peer-to-peer network database, which divides each transaction into its own block. In addition to cryptocurrency transactions, these blocks can contain other sensitive assets, such as identity information, patents, land ownership, medical data, and so on
what is blockchain technology, what are its benefits, and what is building digital trust
once a transaction is grouped into a block, a hash is assigned to the block, so that users can easily detect changes in data. A block may contain a hash of the previous block, creating a block. This allows security professionals to trace the block chain back to the first block or genesis block when an attacker attempts to modify a transaction. Any change will change the hash of the block, requiring potential threat participants to modify all blocks in the chain to complete the attack. For this reason, most cybercriminals think that it is unrealistic to attack blockchain and target
more benefits of blockchain
blockchain is distributed among all participating nodes in the network, so anyone who joins the network can access the whole blockchain. Participants can collectively evaluate the effectiveness of the whole chain, which means that potential attackers need to control more than half of the participants to change the final blockchain
the mechanism of consensus varies with the implementation of blockchain. For example, the previous hot fried currency uses work proof, which is a mathematical challenge. Participants must solve this problem before they can add a block to the chain. Other methods include proof of interest, proof of activity and selective endorsement. Each method has its own advantages and limitations
by checking the audit trail of the blockchain, participants can view the complete record of who owns a given asset, coin or token in the whole life cycle. In other words, they can track the source of assets and past transactions. Public key encryption further ensures non repudiation and confidentiality
there are no restrictions
nowadays, blockchain is often used as a currency ledger to facilitate smart contract and identity management. In addition, some projects are building database networks, which use distributed technology to serve supply chain, real estate, voting system, etc
after all, a technology actually guarantees trust between participants and provides visibility for sensitive transactions. As encryption becomes more and more popular and the need for verification increases, blockchain technology will also be greatly improved
Yes
blockchain can solve the problem of mutual trust in transactions
< H2 > smart contract solves the problem of mutual trust in transactionssince the beginning of bitcoin, blockchain technology has been developing continuously. In 2014, Ethereum further developed a variety of new functions of smart contract technology. Smart contract is linked in the form of digital, & quot; Once generated, the information recorded in the blockchain will be permanently recorded and cannot be tampered with; It can solve the trust problem of "strange trust"
ulord has the property of smart contract, which introces the design concept of gas, but different from Ethernet gas, every operation consumes gas. Compared with the gas concept of ether, ulord adopts a more simplified and abstract method. The resources and sites that users publish on the ulord consume the resources on the ulord network. Therefore, when users publish resources or sites, they need to bind a certain amount of ulordtoken. With the growth of block height, the ulordtoken will be consumed graally. Users need to fill in a new ulordtoken at the address corresponding to the consumed site to ensure the ownership of the domain name. At the same time, through the side chain technology, it can be compatible with the Ethernet virtual machine, publish smart contracts, and allow users to publish their own tokens. There is a certain proportion of exchange relationship between tokens and ulordtoken. Ulord allows users to customize the release of their own site services, and by issuing their own tokens, they can operate their own site
< H2 > ZK snark technology to protect transaction privacyulord will adopt the most mainstream privacy protection ZK snark technology to protect transaction privacy. In the ulord blockchain, creating an effective transaction includes the following three things:
1
2. The sender proves that he is the "holder" of the currency by means of authorized signature
The input of transaction is equal to its outputthe work of proving that money has not been spent before is done by the ledger itself, which does not require the sender to do any work. The sender only needs to prove that he is the holder of these currencies, and he wants to send these currencies by means of electronic signature through the private key corresponding to the address. In order for the signature to be verified, the sender's address must be public. Correspondingly, the receiver must disclose the receiving address to complete the transaction process. In the use of ulord, it is simple to verify that the input and output of the transaction are equal, because the number of transmissions is fully revealed