What does the rise of blockchain depend on

1.

Public chain, also known as "public chain", refers to the blockchain that anyone in the world can enter the system at any time to read data, send confirmatory transactions and compete for bookkeeping. The public chain is generally considered to be "completely decentralized", because no indivial or institution can control or tamper with the reading and writing of data in it. In terms of application, blockchain public chain mainly includes bitcoin, Ethereum, super ledger, most counterfeit currencies and smart contracts. The ancestor of blockchain public chain is bitcoin blockchain, which has the following characteristics:

1, open source code

upload the code to GitHub, and everyone can get complete blockchain data by downloading, Accept the test of the public

2, complete decentralization

anyone can become a node, each node is open, everyone can participate in the calculation of the blockchain, any node is not permanent, but phased, and any center is not mandatory for nodes. Anyone can read and send transactions, and transactions can be effectively confirmed on the blockchain. Anyone can participate in the consensus process. The consensus process determines whether a block can be added to the blockchain and the exact current state. Everyone can get financial reward from it, which is proportional to their contribution to the consensus process. These public chains are generally considered to be "completely decentralized"

3. Developing decentralized applications

through this public chain, developers can easily develop centralized applications. Public chain can protect the rights and interests of users from the influence of program developers

2. If you look closely at these two fields, you will find that they have begun to develop away from each other. Although digital currency is technically inseparable from blockchain, blockchain technology is not limited to digital currency. It is favored by various technical companies in terms of proct traceability, data transparency and distributed consensus. So what impact does the central bank's entry into digital currency have on the blockchain instry, It's not going to change much. At present, the ant gold clothing behind Alipay is the largest patent application company in the global block chain.
what benefits most from this is the domestic currency circle. In 2017, digital currency and related fund-raising activities were banned in China, which is quite negative in the eyes of ordinary people. In fact, the central bank's initiative to explore into cryptocurrency is the recognition of the core concept of digital currency. With this incentive, domestic enterprises will actively enter the instry and inject fresh blood into the instry, which is the most important
about this, you can see the reports of blockchain media, such as golden finance, coin easy to know column, chain news and so on.

3. Very bad. The instry is in a mess
blockchain is not easy to do since 18 years ago. The instry is deceptive, professional cut leek. I remember that the blockchain network reported that Li Xiaolai was cutting leeks. Li Xiaolai was going to build a blockchain network, so that their second round of financing had stopped. It was said that they had sold it to a technology company in Guangzhou

4.

In the past week, blockchain concept stocks have set off a wave of speculation in the A-share market. Indivial stocks have been trading continuously. Dozens of listed companies have issued announcements one after another. Some have clarified the relevant business, while others have "rubbed" the blockchain concept intentionally or unintentionally

In addition, dozens of companies, including Aikang technology, Donggang Co., Ltd., Shenzhou Taiyue, Hailian Jinhui, Bosi software, have also issued announcements. Wind statistics show that since the beginning of this year, the wind blockchain concept index has increased by more than 15.89%. In the overseas market, stocks involving the concept of blockchain soared overnight. On January 4, china.com.cn announced that it would carry out the application of blockchain technology. The stock surged 698% overnight. Taking 2018 as the interval, the cumulative rise of the stock has reached 340.37% in just nine trading days

it is learned that although the instry generally recognizes the potential of blockchain technology, many A-share listed companies are still at a relatively preliminary level. As for the market's speculation on the concept of blockchain, in the past week, the Shanghai Stock Exchange has successively sent inquiry letters to Shangying global and youjiu game, requiring them to disclose the research progress, commercial application scenarios and profit models of blockchain technology, and fully remind investors of the risks in combination with the current market-oriented and commercial maturity of blockchain technology

5. In my opinion, risk and security awareness must be understood. You can see whether the token issued by the blockchain project you want to invest in has been put on a large trading platform. If the token of a project is not put on the exchange or the landing trading platform is a small exchange unheard of, then investors need to be more vigilant. At present, the largest exchange in China is okex, and small trading platforms have the risk of running away. New people should never touch it. You can go directly to the official website of okex.

6. Whether Chongqing jinwowo network analysis blockchain is suitable for a certain instry mainly depends on three factors:
1 - whether blockchain can effectively improve the experience and efficiency in this field
2 - whether the difficulty and cost of chain connection in this field are higher than the value promotion brought by blockchain
3 - whether the processing efficiency of blockchain can meet the actual needs in this field.

7. 1. Utility token

utility token is a utility token that acts as a right to use a specific service

examples of terminology usage

utility tokens are premised on the use of services

detailed description

you can settle the price of goods and meals instead of cash, and you can access it by having cloud storage. For utility tokens, there is no need to audit the classification of the report

6, public chain

public chain is a highly "public" blockchain, anyone can freely participate in the network

example of terminology usage

as an infrastructure project for mediating data exchange between blockchains, a mechanism for data exchange on public blockchains will be established

detailed description

in the blockchain used to record the transaction information of encrypted assets (virtual currency), this is a mechanism used by an unspecified number of participants to establish transaction information by consensus without a specific management entity. It is very safe to prevent forgery of transaction information, but it requires a lot of calculation, so its disadvantage is that it takes a long time to complete the transaction when there are many participants

7. Scalability

scalability refers to the scalability of delayed transaction processing

examples of terminology usage

soaring gasoline prices highlight Ethereum's scalability issues

detailed description

e to the nature of blockchain and the limited amount of transaction data that can be written in a block, the processing is delayed. Remittances can take a long time, which can lead to higher transaction costs. Bitcoin is the first cryptocurrency born, which has been considered as a special problem, but efforts to solve this problem have been implemented, such as using other technologies such as lightning network and developing new blockchain

8. Gas cost

gas cost is the (Network) transaction cost on Ethereum blockchain

examples of terminology usage

this week, on the Ethereum blockchain, although there are a small amount of remittances, there are still many cases of high natural gas bills being paid

detailed description

the gas fee of user specified amount is the secondary reward. Eth, the virtual currency, is used for payment. Since the transaction with higher cost should be dealt with first, the gas cost may increase with the increase of transaction number

9. Liquidity mining (liquidity mining)

considering the provision of liquidity (currency pair), liquidity mining is to grant governance token in addition to interest, so as to attract those who implement the rate of return balance

examples of terminology usage

detailed description

in liquidity mining, by storing specific assets in the liquidity pool and providing liquidity that traders can buy and sell, the swap fee at that time can be obtained as income. These liquidity mining originated from the largest decentralized exchange "uniswap", and many liquidity mining contracts were born, such as curve finance and balancer

10. Defi (distributed Finance)

defi (decentralized Finance) refers to the financial services or systems that use blockchain and provide without a central administrator

examples of terminology usage

since June 2020, the market of defi has developed rapidly

specify the abbreviation of "decentralized finance". The financial services offered by defi include the issuance of stable coins, lending currency and cryptocurrency exchanges. Many platforms use Ethereum blockchain

11. POS (proof of equity)

POS is a consensus algorithm, which allows you to approve and generate new block rights according to the percentage (equity) of your own virtual currency

According to vitalik buterin, co-founder of Ethereum, migrating eth's consensus algorithm from POW to POS will improve security and scalability

specify the abbreviation of

proof of interest. We can also consider the holding period of virtual currency. It was born as an alternative to the "proof of work (POW)" consensus algorithm, which requires high-performance computers to approve transactions and consumes a lot of energy. If approved, you can receive a new virtual currency as a reward

12. Dapps

DAPP is an application developed with open source blockchain

examples of terminology usage

Galaxy store, the largest Samsung Electronics app store in South Korea, has started to use Tron's blockchain to process dapps

detailed description

the abbreviation of "distributed application" is called "distributed application" in Japanese. One of the main features is that there is no centralized administrator. The most popular is Ethereum blockchain, which is developing applications such as games and decentralized exchange (DEX)