What areas of decentralization do not apply
Publish: 2021-03-28 19:01:56
1. Centralized wallet, also known as off Chain Wallet, completely depends on the company and server running the wallet. bitcoin stored in the exchange is stored in the centralized wallet (off Chain Wallet). The private key is not owned by the user, but in the wallet project side of the centralized server hosting chain, the fund is usually entrusted to the server
private keys and assets are transferred to the wallet for centralized management. Users don't need to worry about the loss of the private key of this kind of wallet procts, resulting in the loss of funds; However, the capital risk will be more concentrated in the wallet project side and server side. When the centralized wallet is conquered by hackers, users will suffer unnecessary losses
decentralized wallets, commonly known as onchain wallets, have private keys maintained by users and assets stored in blockchains
decentralized wallets are often referred to as onchain wallets. The private key is handed over to the user. If the private key is lost, the wallet will not be able to help the user recover, and the funds will be lost forever. But the decentralized wallet is difficult to be attacked by hackers, and users don't have to worry about the self stealing of the wallet service provider
centralized wallets are where assets are stored, while decentralized wallets are where private keys are stored
except for the exchange, it is not recommended to use the centralized wallet, although losing the private key may help you find it. But there is always a risk that the company will run
a decentralized wallet is equivalent to a channel, a channel where you can master mnemonics to control your assets on the blockchain. For a decentralized wallet, the most important thing is to protect the security of the [private key]
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.
private keys and assets are transferred to the wallet for centralized management. Users don't need to worry about the loss of the private key of this kind of wallet procts, resulting in the loss of funds; However, the capital risk will be more concentrated in the wallet project side and server side. When the centralized wallet is conquered by hackers, users will suffer unnecessary losses
decentralized wallets, commonly known as onchain wallets, have private keys maintained by users and assets stored in blockchains
decentralized wallets are often referred to as onchain wallets. The private key is handed over to the user. If the private key is lost, the wallet will not be able to help the user recover, and the funds will be lost forever. But the decentralized wallet is difficult to be attacked by hackers, and users don't have to worry about the self stealing of the wallet service provider
centralized wallets are where assets are stored, while decentralized wallets are where private keys are stored
except for the exchange, it is not recommended to use the centralized wallet, although losing the private key may help you find it. But there is always a risk that the company will run
a decentralized wallet is equivalent to a channel, a channel where you can master mnemonics to control your assets on the blockchain. For a decentralized wallet, the most important thing is to protect the security of the [private key]
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.
2. Network platforms, such as websites, need to use domain names. If they don't have domain names, they can't access websites. Now there are many kinds of domain name suffixes, such as. Top,. CN,. Com, etc. domain names can be used normally as long as they are renewed before the redemption period.
3. OK group's name has been changed to Oko, so it's impossible to completely decentralize, because the operation of complete decentralization can't be changed
4.
The essence of decentralization in blockchain technology is decentralization, distrust and collective maintenance
Decentralization: there is no centralized hardware or management organization in the whole network, the rights and obligations of any node are equal, and the damage or loss of any node will not affect the operation of the whole system. Therefore, it can also be considered that the blockchain system has excellent robustness
2. Distrust: the data exchange between each node in the whole system does not need mutual trust. The operation rules of the whole system are open and transparent, and all data contents are open. Therefore, within the specified rule range and time range of the system, nodes can not and cannot cheat other nodes
3. Collective maintenance: data blocks in the system are jointly maintained by all nodes with maintenance function in the whole system, and these nodes with maintenance function can be participated by anyone
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extended data:
blockchain technology never excludes supervision, and supervision nodes can easily access any blockchain network. Due to the open and transparent nature of blockchain, regulators can more easily monitor the transaction data of the whole system, and because of its tamper proof nature
once a transaction occurs, it cannot be changed or deleted, and it is impossible to cheat the supervision by data fraud, which is more concive for the supervision department to supervise the market behavior. Therefore, blockchain will become an important tool of regtech
5. Frankly speaking, with the rising operating costs and the extrusion of centralized platform, the life of traditional dealers is not easy. In particular, after Alibaba, Jingdong and other Internet enterprises have set foot in the field of FMCG circulation, the squeezed dealers have begun to seek a way out
however, the centralized platform mode pursued by the giant will constantly encroach on the participants in the platform, squeeze the living space of small and medium-sized businesses, and destroy the healthy development of the whole instry order. Fundamentally speaking, it is not suitable for dealers to enter, and it is not concive to building a harmonious and symbiotic ecosystem
"it's not appropriate or long-term to hand over our channels, lifeblood and resources to several giants." Instry professionals said, "all brands and retail enterprises should be clearly aware of: the proct or scene is yours, the user is yours, the operation and marketing are all done by you, and the data should also be yours. You are not going to settle in a certain platform, but to build your own garden."
at the same time, Ma Yufeng, the founder of cloud media, believes that the real value of decentralization lies in the construction of a shared and symbiotic intelligent closed-loop ecology, in which enterprises can play their own expertise and strengthen their main business. More importantly, this enabling form of sharing, symbiosis and win-win creation is concive to the intelligent upgrading of the whole instry at low cost, and is a great opportunity for dealers to seize.
however, the centralized platform mode pursued by the giant will constantly encroach on the participants in the platform, squeeze the living space of small and medium-sized businesses, and destroy the healthy development of the whole instry order. Fundamentally speaking, it is not suitable for dealers to enter, and it is not concive to building a harmonious and symbiotic ecosystem
"it's not appropriate or long-term to hand over our channels, lifeblood and resources to several giants." Instry professionals said, "all brands and retail enterprises should be clearly aware of: the proct or scene is yours, the user is yours, the operation and marketing are all done by you, and the data should also be yours. You are not going to settle in a certain platform, but to build your own garden."
at the same time, Ma Yufeng, the founder of cloud media, believes that the real value of decentralization lies in the construction of a shared and symbiotic intelligent closed-loop ecology, in which enterprises can play their own expertise and strengthen their main business. More importantly, this enabling form of sharing, symbiosis and win-win creation is concive to the intelligent upgrading of the whole instry at low cost, and is a great opportunity for dealers to seize.
6. This is the second part of a series of articles on "key elements of becoming a better blockchain". Although decentralization is not an end in itself, it is a means to many ends, including resistance to censorship, corruption and collusion. Inclusive institutions with multi participation; And a fair distribution of wealth, power and influence. Decentralization is not suitable for most applications because of its low efficiency and high cost. However, for those applications that need decentralization, the underlying platform is much more reliable than the oral decentralized services. Did we go to the center? I want to remind us that decentralization is multidimensional, far from binary. Another closely related topic is unlicensed authorization, which will also be discussed here: allowing anyone anywhere to contribute to a project, platform or community is one of the most important parts of the spirit of decentralization
are there multiple client applications? There are two schools of thought. One assumption is that a single normative client application can concentrate limited resources on one project, and a development team can communicate more easily, which will maximize the success rate and competitiveness compared with other platforms. In addition, a single client application can prevent consensus failure caused by local account book inconsistency of different nodes (at least as long as each node upgrades its software after hard forking). On the other hand, the existence of multiple clients will make the network more likely to survive attacks (one client may stop block proction completely) or consensus failure (one or more clients cannot run the protocol correctly, which may lead to wrong block or stop block proction completely). In fact, both happened in Ethereum. But there are more subtle reasons. Firstly, the parallel application of multiple clients reces the dominant influence of a single core development team on the network, which is one of the biggest problems of bitcoin governance (zcash foundation will also decide to build a second zcash client to balance the power of electric coin). Moreover, different clients may make different architecture decisions and have different advantages (for example, mining, data search), and using different languages to write clients can enable more developers to participate in core development. Although parallel applications and beta applications are very good, the mainstream is the main network client: for example, bitcoin has at least 15 client applications, but 97% of the nodes run a program, that is, bitcoin core
how many organizations control mining computing power? The more parties involved in mining, the more difficult it is to collude with each other to engage in selfish mining, or to engage in double flower attacks (commonly known as 51% attacks, but the actual mathematical principles are more complex). This is not a hypothetical risk, as it has occurred in networks such as Ethereum classic and bitcoin gold. In addition, more miners means a fairer distribution of mining rewards. Although many indivial miners may participate in mining, because of incentives, they will gather in a few mines, and even a seemingly decentralized network may rely on a few entities for Mining: the three largest Ethereum mines jointly control 60% of the total power, while bitcoin's top four mines account for about 56%.
are there multiple client applications? There are two schools of thought. One assumption is that a single normative client application can concentrate limited resources on one project, and a development team can communicate more easily, which will maximize the success rate and competitiveness compared with other platforms. In addition, a single client application can prevent consensus failure caused by local account book inconsistency of different nodes (at least as long as each node upgrades its software after hard forking). On the other hand, the existence of multiple clients will make the network more likely to survive attacks (one client may stop block proction completely) or consensus failure (one or more clients cannot run the protocol correctly, which may lead to wrong block or stop block proction completely). In fact, both happened in Ethereum. But there are more subtle reasons. Firstly, the parallel application of multiple clients reces the dominant influence of a single core development team on the network, which is one of the biggest problems of bitcoin governance (zcash foundation will also decide to build a second zcash client to balance the power of electric coin). Moreover, different clients may make different architecture decisions and have different advantages (for example, mining, data search), and using different languages to write clients can enable more developers to participate in core development. Although parallel applications and beta applications are very good, the mainstream is the main network client: for example, bitcoin has at least 15 client applications, but 97% of the nodes run a program, that is, bitcoin core
how many organizations control mining computing power? The more parties involved in mining, the more difficult it is to collude with each other to engage in selfish mining, or to engage in double flower attacks (commonly known as 51% attacks, but the actual mathematical principles are more complex). This is not a hypothetical risk, as it has occurred in networks such as Ethereum classic and bitcoin gold. In addition, more miners means a fairer distribution of mining rewards. Although many indivial miners may participate in mining, because of incentives, they will gather in a few mines, and even a seemingly decentralized network may rely on a few entities for Mining: the three largest Ethereum mines jointly control 60% of the total power, while bitcoin's top four mines account for about 56%.
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