How to connect blockchains
blockchain is composed of a series of data blocks generated by cryptographic methods. Each block contains the hash value of the previous block, which is connected to the current block from the original block to form a blockchain.
the Internet of things uses blockchain as a communication bridge between things. In order to achieve this, we can use
the programmability provided by Ethereum, which is not only to let people's property be tracked and registered. It has some new uses. Under various methods and rules, Ethereum blockchain embedded in the car key can be sold or rented to generate a new P2P for renting or sharing cars. Further, some people talk about the application of this technology to make self driving cars a social public resource. Under pre-set proceral rules, such vehicles can store their own digital money to pay for them from renting fuel, repairs and parking spaces.
According to experts, blockchain can be understood as a distributed public ledger, which is connected by various blocks into a chain. In the traditional bookkeeping system, the bookkeeping right is controlled by the central server
on the "account book" of blockchain, every point in the chain can record information on it, forming a point-to-point accounting system. Therefore, blockchain technology is considered as a decentralized technology
For example, in a village of 100 people, Zhang San bought a cow from Li Si and paid him 10000 yuan. In the past, he had to rely on Zhao Liu, a middleman, to transfer his 10000 yuan to Li Siwith the blockchain system, Zhang San can directly record his 10000 yuan to Li Si's account book, and the transaction information will be transmitted to the whole village, that is, the whole blockchain system, so that other 98 people can see the information. The whole transaction process is recorded by the system, which has the advantage of traceability to prevent the loss of Zhao Liu's account book or Li Si's denial of account
extended data
in 2008, Nakamoto first proposed the concept of blockchain. In the following years, blockchain became the core component of electronic currency bitcoin: as a public account book for all transactions. By using peer-to-peer network and distributed timestamp server, the blockchain database can be managed independently
the blockchain invented for bitcoin makes it the first digital currency to solve the problem of repeated consumption. The design of bitcoin has become a source of inspiration for other applications
blockchain is composed of a series of blocks generated by cryptographic algorithm. Each block is filled with transaction records, and the blocks are connected in sequence to form a chain structure, which is the blockchain ledger
taking bitcoin as an example, when miners generate new blocks, they need to calculate the new hash value and random number according to the hash value, new transaction block and random number of the previous block. In other words, each block is generated on the basis of the previous block data, which ensures the uniqueness of the blockchain data
because subtle changes in transaction records will completely change the result of hash value, miners can't cheat when competing for computing power. Each miner must wait until the previous block is generated before starting to calculate the qualified random number according to the data of the previous block, which ensures the fairness of mining.
1. Token non securitization Certificate (which will be used when you go to the stock exchange to prove that your project does not have the nature of securities)
2. White paper compliance (lawyers modify the white paper according to Singapore laws and regulations and issue relevant legal opinions)
3. Private sale terms
4. Public sale terms