How does decentralized blockchain become a currency speculation

1.

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

2. If you want to ask what's the most popular in 2018, I believe you will say it's blockchain

since last year, a variety of digital currencies have emerged in an endless stream, and blockchain has also been on fire

many people are connected with blockchain as soon as they mention currency speculation; As soon as you hear that an enterprise is doing a blockchain, you will immediately ask if you want to issue money

it seems that blockchain is equivalent to digital currency, and the purpose of studying blockchain is to speculate in currency< br />


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when you are new to blockchain or digital currency, it is reasonable to equate blockchain with currency speculation

after all, if it wasn't for the growing popularity of bitcoin, no one might have paid attention to blockchain technology so far. If it wasn't for more and more people investing in bitcoin, no institution would have issued a variety of other digital currencies

however, after in-depth understanding of blockchain and digital currency, we still think that blockchain is money speculation, so our understanding is really a bit biased

blockchain is the underlying technology of bitcoin. No matter bitcoin, Ethereum, lightcoin or other various tokens, they are all applications based on blockchain technology

but this does not mean that the blockchain can only be used to issue money, just like fish is raised in the water, but it can not be said that fish is water, and hairy crabs and crayfish can grow in the water

in addition to the various tokens we see at present, blockchain has a very broad application prospect

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so what is a blockchain

to put it clearly, blockchain is: "blockchain is a kind of technical mole or encryption algorithm that is both basic application and top-level design. It breaks the barrier that an information is only saved by one central server or multiple services in the past, and copies the same information to more places at the same time, such as 1 million servers. Only when more than half of the stored information has been tampered with can chaos be caused. "

in a word, understand the relationship between bitcoin and blockchain:

blockchain is a technical concept born from bitcoin encryption technology

bitcoin is a kind of digital virtual currency, followed by the payment currency as a contribution to storage computing power

if you want to store the same information in countless servers, who will store it for free? There has to be a reward. Bitcoin is a reward for accepting free storage. This reward is a virtual thing called bitcoin.

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4. Money is like stocks. Currency speculation is the lowest threshold for blockchain to make money. You are most familiar with bitcoin. Bitcoin has risen 40000 times since its birth. In addition to bitcoin, there are also many digital currencies, such as Ethernet currency and so on. Currency speculation is divided into primary market (ICO) and secondary market (exchange). The primary market is like an angel round investment for a certain project, which is generally played by experts; The secondary market is to go to the exchange to buy money, just like buying stocks, low in and high out.

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6. Blockchain is a decentralized distributed ledger, which is composed of unchangeable data packets. These data packets are also called "blocks", and each block is connected to form a "blockchain". It is a technical solution to collectively maintain a reliable database through decentralization and distrust. Each block is connected to the previous block to form a block chain.

7. Since the central government issued a document to adjust the blockchain, bitcoin, which is highly close to the blockchain, has also attracted a lot of attention. However, the state is still vigorously cracking down on the speculation of virtual currency and integrating the blockchain with other traditional instries. It is said that the development of China's blockchain should be "de monetized" and "highly cross-border integration". Changsha high tech Zone has also integrated blockchain with public services, and built a service platform of SMIC blockchain. It is estimated that the blockchain instry alliance will be formed when enterprises cooperate on the chain.