Ethereum branch chain
program developers have no right to interfere with users, and each participant (i.e. node) can freely join and exit the network, and carry out relevant operations according to their wishes
private blockchain is on the contrary. The write permission of the network is fully controlled by an organization or institution, and the data read permission is regulated by the organization, either open to the outside world or with a certain degree of access restrictions
in short, it can be understood as a weakly centralized or multi centralized system. Because the participating nodes are strictly limited and few; Compared with public chain, private chain has shorter time to reach consensus, faster transaction speed, higher efficiency and lower cost
the alliance chain is a blockchain between the public chain and the private chain, which can realize "partial decentralization"
each node in the chain usually has its corresponding entity or organization; Participants join the network through authorization and form a stakeholder alliance to jointly maintain the operation of the blockchain.
An important reason for the popularity of "virtual currency" in China is the lack of multi-level and multi category investment market, which makes many investors choose speculative procts such as "virtual currency"
therefore, China should also pay close attention to the construction of e-money system and virtual currency in line with the background of the times, improve the supervision of the investment market and the new financial technology system, and make good use of financial technology on the premise of preventing financial risks, so that it can better serve the real economy
in the face of the rapid development of Internet Finance and financial technology, relevant departments need to do a solid job in risk prevention and control while encouraging innovation. In order to regulate the development of this virtual commodity better and make its transaction in the market truly based on the use value, we should build special regulatory measures and even institutions for innovation such as "virtual currency" on the existing basis
many people don't understand what side chain is. This concept comes from bitcoin community and was put forward in December 2013. There are some problems with the birth of bitcoin itself or the mechanism of a blockchain itself. But if you modify bitcoin protocol or chain directly, it is easy to make mistakes. Moreover, because the bitcoin block has been operating continuously, if it is wrong, the amount of funds involved will be very large, which is not allowed
in fact, sidechains do not refer to a particular blockchain, but to all blockchains that comply with the side chain protocol. This term is relative to the main chain of bitcoin
for more information, what is a side chain
I wish you a smooth customs clearance and look forward to your contact
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