Why blockchain in China
Fourth, decentralization. Decentralization is the most basic feature of the blockchain, which means that the blockchain no longer depends on the central processing node and realizes the distributed recording, storage and updating of data. In the traditional centralized network, attacking a central node can destroy the whole system, while in a decentralized blockchain network, attacking a single node cannot control or destroy the whole network. More than 5% of the nodes in the master network are just the beginning of gaining control. 2019 is the first year for the commercial application of blockchain technology, and the stimulation of favorable policies will make the development of blockchain technology more stable
with the application of blockchain technology graally penetrating into many fields such as digital finance and Internet, we have a clearer understanding of the value of blockchain
blockchain has formed a situation of global competition, and all countries are seizing the development opportunities, let alone China; Therefore, there is no doubt that blockchain has become a national strategy.
compared with developed countries, China's insurance instry has developed for a short time, and the coverage rate of indemnificatory business, especially insurance types such as accident, serious illness, fixed life insurance and family property, is low, which makes it difficult for low indemnificatory and special groups to seek risk protection procts. In this reality, as a supplement of social security and commercial insurance, network mutual assistance can provide a group heating option for the low security group, which has a positive insurance inclusive effect. Yang Yong said, "blockchain technology can be applied to all aspects of social innovation. Our vision is to provide low-cost and adequate personal and property protection for the people who need protection most in China, so that insurance can benefit the public. After that, we are willing to open up this technical solution, so that more fields can benefit from the popularization of blockchain technology. "
Vpay, full name is visual payments, Chinese means virtual payment. It was first established in the United States as a platform for digital currency trading, such as bitcoin, quark coin, Leyte coin, etc
vpay is a payment platform for the circulation of digital currency, which was created by Mark & Chen 9642, a former technology executive of Google; Created by Milo. Vpay is a platform without borders, digital trading platform, international shopping mall platform, like Alipay and WeChat. The difference is that Vpay is developed by the most popular block chain technology in the financial circle since 2017. It can achieve cross border transfer without any spot, and there is no fee. p>
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digital currency is short for digiccy, which is the abbreviation of "digital currency" in English, and is the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy
digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form