Mining decentralization

1. As for the decentralization of blockchain, jinwowo group thinks that we can understand it this way. It is mainly a feature of blockchain, that is, e to the use of Distributed Accounting and storage, there is no centralized hardware or management organization, the rights and obligations of any node are equal, and the data blocks in the system are jointly maintained by the nodes with maintenance function in the whole system.

2. bitcoin is valuable under certain circumstances, but it is worthless under certain circumstances. Because it's not legal tender. It is impossible for any country to get the right to issue legal tender to use any mining machine. Bitcoin is just a virtual number. While it's still possible to change money, change it quickly! It's too late to wait until it's worthless at the end.

3. Because bitcoin does not exist in the issuing institutions (bitcoin is extracted from the network), nor does it exist in banks, but directly through a personal to personal transfer.

4. For more technical overview of betterhash protocol currently under development, it should be enough to see the speech of Matt Corallo. It is unnecessary to understand the problem of reprinting the theory of self fighting game network in this paper, because Conceptually speaking, betterhash is better objectively, and it does not need a complete code implementation to understand how important it is.

5. Take the blockchain network mutual aid platform for example. The performance of decentralization in this platform is as follows:
open and transparent
open and transparent. Once all the information recorded on the blockchain is difficult to tamper with and cannot be hidden, users can check it at any time. Generally speaking, as long as the real name authentication is added to the plan, the blockchain will generate nodes, No one can modify (including the platform)
never downtime
the blockchain based on the public chain is not affected by any institution or indivial. As long as the incentive mechanism is effective and the Internet exists, the blockchain will exist. Generally speaking, since the platform service personnel are not available, the platform machine has been working
democratic decision-making
bottom up decision-making, blockchain proposes a variety of different consensus mechanisms to help users effectively form bottom-up decision-making and jointly participate in major decisions. Generally speaking, if the platform wants to modify a thing, for example, the content of the plan can only be carried out after more than half of the people participate in the voting, or the application for mutual aid needs mutual aid fund. When more than half of the people do not agree with the publicity, the platform will not pass.

6. Comparative analysis of centralized server finance and decentralized blockchain Finance
Decentralization: no server, no domain name and no app. The DAPP browser of the third-party Ethereum (ETH) wallet is the entrance, such as coin safety wallet, am wallet, wheat wallet, etc. DAPP can only be read in the block browser< 2. Essential difference:
centralization:
1. The mode and data are stored in the server, which can be modified at will and the outflow of funds can be controlled
2. Financial data cannot be disclosed to investors. Bonus is the financial personnel unified settlement
3. It is possible and feasible to circle money and run away<

Decentralization:
1. The whole business model relies on the automatic execution of eth smart contract, which is separated from human management
2. Financial transparency and bonus block settlement
3< Third, the security of personal information and funds:
centralization:
1. Declaration needs: name, telephone number, ID card, bank card and other information, which is dangerous to disclose personal information
2. The funds are stored in the bank card or centralized wallet of the project party, when the funds enter the site & gt; When the entry funds are decentralized:
1. Without any personal data, it is the ETH wallet address as the identification
2. The funds are stored in the contract wallet address of eth. No indivial or organization can transfer Ethereum. No matter how the funds change, the possibility of money entrapment is eliminated< 4. Bubble and risk analysis

centralization:
1. Development and operation cost 10% - 20%
2. Company profit 30% - 80%
3. Market allocation 10% - 50% as static and dynamic bonus<

Decentralization:
1. No development and operation costs
2. The profit of the technical side is 3%
3. The market allocation ratio is 97% as the static and dynamic bonus

to sum up, centralized projects are bound to die out, and decentralized projects will win the hearts of the people!

7.

The decentralization of blockchain refers to the form of social relations and content generation formed in the process of blockchain development. It is a new network content proction process relative to "centralization"

blockchain is an important concept of bitcoin, which is essentially a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains the information of a batch of bitcoin network transactions, which is used to verify the effectiveness of its information (anti-counterfeiting) and generate the next block

blockchain is unified in the whole network, so it is logically centralized. From the perspective of architecture, blockchain is based on peer-to-peer network, so it is decentralized. From the perspective of governance, blockchain makes it difficult for a few people to control the whole system through consensus algorithm, so it is decentralized

extended data:

characteristics of blockchain Decentralization:

decentralization, not without the center, but by the node to freely choose the center, freely determine the center. In short, centralization means that the center determines the node. The node must depend on the center, and the node cannot survive without the center

in a decentralized system, anyone is a node, and anyone can be a center. Any center is not permanent, but phased, and no center is mandatory for nodes

with the diversification of network service forms, the decentralized network model becomes more and more clear and possible. After the rise of Web2.0, the services provided by Wikipedia, Flickr, blogger and other network service providers are decentralized. Any participant can submit content, and Internet users can create or contribute content together

reference source: network blockchain

reference source: Network decentralization

8. 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.

9. Decentralizing is not to do without the center, but to let the nodes freely choose and decide the center. In short, centralization means that the center determines the node. The node must depend on the center, and the node cannot survive without the center. In a decentralized system, anyone is a node, and anyone can be a center. Any center is not permanent, but phased, and no center is mandatory for nodes. At present, many projects are being decentralized. GSN social bank is also decentralized. However, GSN reces the cost of credit investigation and enables unlimited use and sharing of trust data. GSN can greatly rece the false problem of massive data, so that data collection, processing and use can have better convenience. GSN expands the coverage of credit evaluation, expands the scale of the community, and uses distributed technology to collect data and information of user groups that can not be considered in the traditional mode through surveys. At the same time, GSN can carry out credit evaluation for special groups, that is, those who have no registered bank accounts but can contact with the Internet, so as to expand the scope of credit proct services. GSN reces the cost of credit proct management, so that credit evaluation, pricing, contracts can be automatically executed and managed without additional human participation, which greatly reces the cost of credit proct management, and greatly improves the scale of bank credit business processing. GSN improves the ability of credit to create value. Through the trust mechanism in the chain, the whole process of credit procts can have the ability of dynamic programming, which effectively expands the space of credit procts to create value.