Decentralized efficiency
Publish: 2021-04-03 15:37:24
1. Decentralized computing, also known as decentralized computing, allocates hardware and software resources to each indivial workstation or office. In contrast, centralized computing exists when most functions are performed, or is obtained from remote centralized locations. Distributed computing is a trend in modern business environment. This is contrary to the centralized computing popular in the early days of computer. The distributed computer system has many advantages over the traditional centralized network. The development of desktop computers is so rapid that their potential performance far exceeds the requirements of most commercial applications. This causes most desktop computers to remain idle (relative to their full potential). Decentralized systems can use the potential of these systems to maximize efficiency.
2. Centralized exchange and decentralized exchange have their own advantages and disadvantages, and the difference is very obvious. Let's take a look at the centralized exchange first. To put it bluntly, the trading mechanism of the centralized exchange is actually similar to our traditional stock trading
the first step is to register (open an account) and set the password. The second step is user authentication (KYC). The third step is to recharge. Here comes the key. The third step is the most important. Because you need to charge money to your address in the exchange before you can trade money in the exchange. The address of the exchange is actually a wallet address, but the ownership of the wallet is not the user, but the exchange, that is to say, the private key of the address, you don't have it!!! Do you understand the meaning
well, after recharging, the transaction is finished. The user submits the instruction (hanging order) to the server, and then the exchange will be responsible for matching the transaction, which is exactly the same as the stock. The last is cash withdrawal (withdrawal of currency). Users can send instructions to transfer the currency from the exchange address to their wallet address. The above is the trading mechanism of the centralized exchange. In these steps, all actions will have costs. No matter you recharge, trade or withdraw money, gas and handling charges can't escape
then let's look at the decentralized exchange. The trading mechanism is different from the centralized exchange. The first step is to register (open an account) and set the password. It doesn't make any difference. But then it's a little different. KYC is not used. But because there is a private key, the ownership of this address is completely controlled by the user. The second step is recharging. This is not very different from the centralized exchange. You still have to make your own gas
after recharging, we can also trade in the decentralized exchange. Users can also register orders, and exchanges will also be responsible for matching transactions, but the matching is done by smart contracts. Finally, cash withdrawal (withdrawal of currency) is initiated. After withdrawing currency, users can directly transfer the currency from the address of the exchange to their wallet address. This step is the same as that of the centralized exchange
the above is the trading mechanism of centralized and decentralized exchanges, and the difference between them is also obvious. Because all currencies in the central exchange are under its control, the trading efficiency is very high, and it is similar to the stock trading process, convenient and suitable for most users. Conversely, the risk lies in this. If the exchange itself loses its integrity or is attacked by hackers, the user's capital (currency) is not guaranteed
all the transaction processes of decentralized exchanges are completed by smart contracts, so the transaction efficiency is relatively low (TPS of blockchain technology has always been a soft rib), but relatively, the capital (currency) is completely in the hands of users, so the security is relatively high. In addition, there are also KYC, where KYC is needed for centralization, but not for decentralization, and the security of personal information is relatively high. Compared with the decentralized exchange, the advantages of the centralized exchange lie in the trading depth and the number of users, which are unmatched by the decentralized exchange
therefore, centralization and decentralization have their own advantages and disadvantages. It depends on the user's own choice. They like convenient, centralized, secure and decentralized.
the first step is to register (open an account) and set the password. The second step is user authentication (KYC). The third step is to recharge. Here comes the key. The third step is the most important. Because you need to charge money to your address in the exchange before you can trade money in the exchange. The address of the exchange is actually a wallet address, but the ownership of the wallet is not the user, but the exchange, that is to say, the private key of the address, you don't have it!!! Do you understand the meaning
well, after recharging, the transaction is finished. The user submits the instruction (hanging order) to the server, and then the exchange will be responsible for matching the transaction, which is exactly the same as the stock. The last is cash withdrawal (withdrawal of currency). Users can send instructions to transfer the currency from the exchange address to their wallet address. The above is the trading mechanism of the centralized exchange. In these steps, all actions will have costs. No matter you recharge, trade or withdraw money, gas and handling charges can't escape
then let's look at the decentralized exchange. The trading mechanism is different from the centralized exchange. The first step is to register (open an account) and set the password. It doesn't make any difference. But then it's a little different. KYC is not used. But because there is a private key, the ownership of this address is completely controlled by the user. The second step is recharging. This is not very different from the centralized exchange. You still have to make your own gas
after recharging, we can also trade in the decentralized exchange. Users can also register orders, and exchanges will also be responsible for matching transactions, but the matching is done by smart contracts. Finally, cash withdrawal (withdrawal of currency) is initiated. After withdrawing currency, users can directly transfer the currency from the address of the exchange to their wallet address. This step is the same as that of the centralized exchange
the above is the trading mechanism of centralized and decentralized exchanges, and the difference between them is also obvious. Because all currencies in the central exchange are under its control, the trading efficiency is very high, and it is similar to the stock trading process, convenient and suitable for most users. Conversely, the risk lies in this. If the exchange itself loses its integrity or is attacked by hackers, the user's capital (currency) is not guaranteed
all the transaction processes of decentralized exchanges are completed by smart contracts, so the transaction efficiency is relatively low (TPS of blockchain technology has always been a soft rib), but relatively, the capital (currency) is completely in the hands of users, so the security is relatively high. In addition, there are also KYC, where KYC is needed for centralization, but not for decentralization, and the security of personal information is relatively high. Compared with the decentralized exchange, the advantages of the centralized exchange lie in the trading depth and the number of users, which are unmatched by the decentralized exchange
therefore, centralization and decentralization have their own advantages and disadvantages. It depends on the user's own choice. They like convenient, centralized, secure and decentralized.
3. The core difference between centralization and decentralization is whether the private key is in the hands of the user. The decentralized platform can protect the user, such as celletf (celletf. IO), which solves the security problem of the user's assets, but the operation is relatively simple.
4. What's gongxinbao? I don't know once about decentralized data trading. Go ahead. Good luck.
5. Decentralization is a subversive feature of blockchain technology. It does not need centralized agent and realizes a kind of point-to-point direct interaction, which makes the information interaction mode of high efficiency, large scale and no centralized agent become a reality
jinwowo group will use blockchain technology to promote the legalization of big data business. The encryption of blockchain technology can ensure that the privacy of data sources can be better protected when big data is called, so as to eliminate the bad phenomenon of illegal reselling of big data and rebuild the rules of legal circulation and application in the data market.
jinwowo group will use blockchain technology to promote the legalization of big data business. The encryption of blockchain technology can ensure that the privacy of data sources can be better protected when big data is called, so as to eliminate the bad phenomenon of illegal reselling of big data and rebuild the rules of legal circulation and application in the data market.
6. Decentralization is idealism. Although there is no decentralized P2P platform at present, with the development of blockchain technology, there is a high probability of decentralized peer-to-peer lending in the future
centralization has the advantage of centralization, which should not be too one-sided.
centralization has the advantage of centralization, which should not be too one-sided.
7. To tell you the truth, it's very slow. It's also related to the development of the instry. After all, the underlying public chain TPS is so slow, let alone the above applications. However, everything is not absolute. Whaleex, a decentralized exchange based on EOS, is very fast and not slow at all. They have independently developed the matchmaking engine under the million TPS chain, and the transaction efficiency is very fast. They can complete the transaction quickly from the order registration to the transaction, which also reflects that their transaction depth is very good and the liquidity is very good.
8. 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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