Hash blockchain Ethereum
Publish: 2021-04-26 02:01:45
1.
what is Ethereum:
Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. blockchain technology is one of them
Ethereum platform can safely run any program users want
advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum
what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application
The design of Ethereum is very flexible and adaptable
Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields
blockchain applications of Ethereum
Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc
Ethereum has achieved more than 100 blockchain applications by many start-ups
Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged
the relationship between Ethereum and blockchain:
Ethereum is a programmable blockchain
Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes
in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency
like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"
2. Ethereum blockchain has exposed three major problems, and its founder vitalik buterin has been unable to interpret them for a long time. The first is the low performance and TPS of Ethereum blockchain as a whole; The second is that resources are not isolated. The event of cryptokitties virtual cat once occupied 20% of the traffic of the whole Ethereum, which directly caused Ethereum network users unable to carry out timely transactions, which is the biggest pain point of resources not isolated; The third problem lies in the embodiment of Ethereum's governance structure. As a decentralized distributed ledger, the founder team of Ethereum has dominated its network development in the past. The over centralized governance mode has led to the bifurcation of eth, etc and ETF in Ethereum, and the Ethereum community is now in a state of fragmented governance. In the view of Ma Haobo, founder and CEO of "aelf", all kinds of disadvantages of Ethereum are unacceptable. Therefore, the positioning of "aelf" is born for the next generation of decentralized underlying computing platform of Ethereum, which focuses on solving the problems of insufficient performance, non isolation of resources and governance structure of Ethereum.
3. Ethereum, ETH for short. At the end of 2013, vitalik released the white paper of Ethereum, and in July 2014, the pre-sale of Ethereum began. At that time, insiders called this kind of token issue "crowdfunding". Through the 42 day pre-sale, the Ethereum team raised more than 30000 bitcoins through the pre-sale of 60102216 Ethernet coins; In addition, the early contributors who participated in the development before the pre-sale and the developers who have been engaged in project research for a long time are allocated according to 9.9% of the total amount of Ethernet coins sold at that time. So when Ethereum was officially released, there were more than 72 million Ethereum coins. After the end of Ethereum's pre-sale, it uses the proof of work mechanism POW for mining, and rewards the miners according to 26% of the total amount issued at that time every year. In October 2014, Ethereum reced the block output time from 60 seconds to 12 seconds, and now it is basically stable at 15 seconds, with 5 etheric coins awarded for each block
although the pow mining mechanism is adopted, the block out mechanism of Ethereum is different from that of bitcoin. Due to the short block time of Ethereum, Ethereum is easy to form isolated blocks. Isolated blocks refer to the blocks that are not on the longest chain. Bitcoin's isolated blocks have no block rewards, but in Ethereum, isolated blocks can be referenced. The referenced isolated blocks are called "Uncle blocks", and their packaged data will also be recorded in the blockchain. Unlike bitcoin, Ethereum's TERT block has a reward, and each TERT block can get a reward of 4.375 Ethernet coins at most
Ethereum is a programmable and Turing complete blockchain development platform, which is equivalent to a decentralized global computer. In a programming system, there are usually some virtual machines to compile and execute. Java has JVM. In Ethereum, there is also Ethereum's virtual machine EVM, which can execute any complex algorithm code. Developers can use existing programming languages such as JavaScript or Python to create their own applications on Ethereum. Through Ethereum's virtual machine, you can easily issue digital assets, write smart contracts, set up and run decentralized applications, and set up decentralized autonomous organizations
eth is also known as the internal fuel of Ethereum. Unlike currency digital assets, Ethereum is not only used for transfer, but also for payment of smart contracts
in order to prevent the Ethereum blockchain from being full of junk contracts and junk applications, and to establish and run smart contracts on Ethereum, you must use eth to pay for smart contracts. For example, when you transfer your newly created digital assets on the Ethereum blockchain, you need to use eth to pay the handling fee instead of your newly created digital assets.
although the pow mining mechanism is adopted, the block out mechanism of Ethereum is different from that of bitcoin. Due to the short block time of Ethereum, Ethereum is easy to form isolated blocks. Isolated blocks refer to the blocks that are not on the longest chain. Bitcoin's isolated blocks have no block rewards, but in Ethereum, isolated blocks can be referenced. The referenced isolated blocks are called "Uncle blocks", and their packaged data will also be recorded in the blockchain. Unlike bitcoin, Ethereum's TERT block has a reward, and each TERT block can get a reward of 4.375 Ethernet coins at most
Ethereum is a programmable and Turing complete blockchain development platform, which is equivalent to a decentralized global computer. In a programming system, there are usually some virtual machines to compile and execute. Java has JVM. In Ethereum, there is also Ethereum's virtual machine EVM, which can execute any complex algorithm code. Developers can use existing programming languages such as JavaScript or Python to create their own applications on Ethereum. Through Ethereum's virtual machine, you can easily issue digital assets, write smart contracts, set up and run decentralized applications, and set up decentralized autonomous organizations
eth is also known as the internal fuel of Ethereum. Unlike currency digital assets, Ethereum is not only used for transfer, but also for payment of smart contracts
in order to prevent the Ethereum blockchain from being full of junk contracts and junk applications, and to establish and run smart contracts on Ethereum, you must use eth to pay for smart contracts. For example, when you transfer your newly created digital assets on the Ethereum blockchain, you need to use eth to pay the handling fee instead of your newly created digital assets.
4. Introction to seven core technologies of blockchain operation on January 15, 2018
1. Blockchain links
as the name suggests, blockchain is a chain composed of blocks. Each block is divided into block head and block body (including transaction data). The block head includes the prevhash value (also known as hash value) of the previous block used to realize the block link and the random number (nonce) used to calculate the mining difficulty. The hash value of the previous block is actually the hash value of the head of the previous block, and the random number calculation rule determines which miner can obtain the right to record the block
2. Consensus mechanism
blockchain is accompanied by the birth of bitcoin, which is the basic technology architecture of bitcoin. Blockchain can be understood as an Internet-based decentralized accounting system. A decentralized digital currency system like bitcoin requires the consistency of accounting of honest nodes without a central node, which needs blockchain to complete. Therefore, the core of blockchain technology is a consensus mechanism to reach a consensus on the legitimacy of transactions between indivials without mutual trust without central control
there are four main types of consensus mechanisms in blockchain: pow, POS, dpos and distributed consistency algorithm
3. Unlocking script
script is an important technology to realize automatic verification and contract execution on blockchain. Every output of every transaction does not point to an address in the strict sense, but to a script. A script is like a set of rules that constrain how the receiver can spend the asset locked on the output
the validation of transactions also depends on scripts. At present, it depends on two kinds of scripts: Lock script and unlock script. Locking script is a condition added to the output transaction, which is realized by a script language and located in the output of the transaction. The unlocking script corresponds to the locking script. Only when the conditions required by the locking script are met can the assets corresponding to the script be spent, which is located in the input of the transaction. Many flexible conditions can be expressed by script language. Interpretation script is similar to the "virtual machine" in our programming field, which runs in every node of the blockchain network in a distributed way
4. Transaction rules
blockchain transaction is not only the basic unit of a block, but also the actual effective content recorded by the blockchain. A blockchain transaction can be a transfer, or the deployment of smart contracts and other transactions
as far as bitcoin is concerned, a transaction refers to a single payment transfer. The transaction rules are as follows:
1) the input and output of the transaction cannot be empty
2) for each input of a transaction, if its corresponding utxo output can be found in the current transaction pool, the transaction will be rejected. Because the current transaction pool is the transaction not recorded in the blockchain, and each input of the transaction should come from the confirmed utxo. If it is found in the current trading pool, it is Shuanghua trading
3) for each input in a transaction, the corresponding output must be utxo
4) each input unlocking script must verify the compliance of the transaction together with the corresponding output locking script
5. Transaction priority
the priority of blockchain transaction is determined by the blockchain protocol rules. For bitcoin, the priority of a transaction to be included in a block is determined by the time when the transaction is broadcast to the network and the amount of the transaction. With the increase of transaction broadcast time on the network and the increase of transaction chain age, the priority of transaction will be improved and eventually be included by the block. For Ethereum, the priority of the transaction is also related to the transaction fee that the publisher is willing to pay. The higher the transaction fee that the publisher is willing to pay, the higher the priority that the transaction is included in the block
6. Merkle proof
the original application of Merkle proof is bitcoin, which was described and created by Satoshi Nakamoto in 2009. Bitcoin blockchain uses Merkle proof to store transactions in each block. So that the transaction can not be tampered with, but also easy to verify whether the transaction is included in a specific block
7. RLP
RLP (recursive length prefix) is one of the main encoding methods of object serialization in Ethereum. Its purpose is to encode the sequence of arbitrary nested binary data.
1. Blockchain links
as the name suggests, blockchain is a chain composed of blocks. Each block is divided into block head and block body (including transaction data). The block head includes the prevhash value (also known as hash value) of the previous block used to realize the block link and the random number (nonce) used to calculate the mining difficulty. The hash value of the previous block is actually the hash value of the head of the previous block, and the random number calculation rule determines which miner can obtain the right to record the block
2. Consensus mechanism
blockchain is accompanied by the birth of bitcoin, which is the basic technology architecture of bitcoin. Blockchain can be understood as an Internet-based decentralized accounting system. A decentralized digital currency system like bitcoin requires the consistency of accounting of honest nodes without a central node, which needs blockchain to complete. Therefore, the core of blockchain technology is a consensus mechanism to reach a consensus on the legitimacy of transactions between indivials without mutual trust without central control
there are four main types of consensus mechanisms in blockchain: pow, POS, dpos and distributed consistency algorithm
3. Unlocking script
script is an important technology to realize automatic verification and contract execution on blockchain. Every output of every transaction does not point to an address in the strict sense, but to a script. A script is like a set of rules that constrain how the receiver can spend the asset locked on the output
the validation of transactions also depends on scripts. At present, it depends on two kinds of scripts: Lock script and unlock script. Locking script is a condition added to the output transaction, which is realized by a script language and located in the output of the transaction. The unlocking script corresponds to the locking script. Only when the conditions required by the locking script are met can the assets corresponding to the script be spent, which is located in the input of the transaction. Many flexible conditions can be expressed by script language. Interpretation script is similar to the "virtual machine" in our programming field, which runs in every node of the blockchain network in a distributed way
4. Transaction rules
blockchain transaction is not only the basic unit of a block, but also the actual effective content recorded by the blockchain. A blockchain transaction can be a transfer, or the deployment of smart contracts and other transactions
as far as bitcoin is concerned, a transaction refers to a single payment transfer. The transaction rules are as follows:
1) the input and output of the transaction cannot be empty
2) for each input of a transaction, if its corresponding utxo output can be found in the current transaction pool, the transaction will be rejected. Because the current transaction pool is the transaction not recorded in the blockchain, and each input of the transaction should come from the confirmed utxo. If it is found in the current trading pool, it is Shuanghua trading
3) for each input in a transaction, the corresponding output must be utxo
4) each input unlocking script must verify the compliance of the transaction together with the corresponding output locking script
5. Transaction priority
the priority of blockchain transaction is determined by the blockchain protocol rules. For bitcoin, the priority of a transaction to be included in a block is determined by the time when the transaction is broadcast to the network and the amount of the transaction. With the increase of transaction broadcast time on the network and the increase of transaction chain age, the priority of transaction will be improved and eventually be included by the block. For Ethereum, the priority of the transaction is also related to the transaction fee that the publisher is willing to pay. The higher the transaction fee that the publisher is willing to pay, the higher the priority that the transaction is included in the block
6. Merkle proof
the original application of Merkle proof is bitcoin, which was described and created by Satoshi Nakamoto in 2009. Bitcoin blockchain uses Merkle proof to store transactions in each block. So that the transaction can not be tampered with, but also easy to verify whether the transaction is included in a specific block
7. RLP
RLP (recursive length prefix) is one of the main encoding methods of object serialization in Ethereum. Its purpose is to encode the sequence of arbitrary nested binary data.
5. If you want to invest, it is recommended to consider whether you are optimistic about this instry first, because bitcoin, a kind of digital currency, has no real value, only collection value, and all the speculation prices are relatively high. If you want to invest, you should first choose a reliable old platform with good reputation, so that at least the money will not disappear out of thin air. You can take a look at AEX and fire coin, It has been more than 6 years and has a good reputation. For long-term investment, you can go to AEX for money management
6. Don't say ether, even when big pie trading, there are risks. If you want to rece the risk, you need to find a reliable platform and a reliable team, so as to minimize the risk.
7. At present, no more than 2000 people have more than 1000 bitcoins.. Most of them are engaged in cryptocurrency projects. Well, first of all, bitcoin spread in foreign forums in 2011. In 2012, China graally began to have its own bitcoin community. At that time, curious and playful people began to mine with their broken computers. You should know that mining efficiency was extremely low at that time, and they didn't know how to trade bitcoin at all
since the second half of the past 12 years, all kinds of teaching have been popularized. We all play bitcoin with the psychology of collecting. Some people have started to study, and most of the research materials are from abroad. Then we begin the history of making rich with bitcoin, which we are familiar with now. This group of people are lucky, maybe a fool to buy and play, and now they have made money for you and me for several lifetimes. Not to mention other platforms, we can't count the number of multimillionaires created between 2017 and 2018.
since the second half of the past 12 years, all kinds of teaching have been popularized. We all play bitcoin with the psychology of collecting. Some people have started to study, and most of the research materials are from abroad. Then we begin the history of making rich with bitcoin, which we are familiar with now. This group of people are lucky, maybe a fool to buy and play, and now they have made money for you and me for several lifetimes. Not to mention other platforms, we can't count the number of multimillionaires created between 2017 and 2018.
8. Ethereum is also a proct of blockchain 2.0, which is an open intelligent contract complete solution. Bitcoin is the most important application of blockchain 1.0, which completes currency and payment transactions well. But when we need to record and transfer more complex asset types, we need the third step - a more powerful scripting system - to finally achieve Turing completeness (the ability to run any currency, protocol or blockchain). Ethereum is a blockchain based project, which aims to provide a Turing complete scripting language and Turing complete platform
blockchain 1.0 mainly refers to bitcoin. Blockchain 2.0 extends to all assets, while blockchain 3.0 goes beyond currency, finance, even commerce, and all areas of our lives, including politics, social relations, ecation, medical care, etc. According to the prediction and conception of people in the instry, the era of blockchain 3.0 will be realized in the next five years. At that time, blockchain will be recognized and accepted by all the public like the Internet, thus completely subverting our lives
McKinsey has submitted a technical report on blockchain to the Federal Insurance Advisory Committee of the United States. The report calls 2009-2016 the "Dark Age" and believes that all blockchain solutions ring this period are based on bitcoin, and the new era of blockchain will begin in 2016. At that time, the application of blockchain will become unprecedented. Applying an original sentence in McKinsey report: Based on the current development speed of blockchain, we believe that blockchain solutions may realize their full potential in the next five years.
blockchain 1.0 mainly refers to bitcoin. Blockchain 2.0 extends to all assets, while blockchain 3.0 goes beyond currency, finance, even commerce, and all areas of our lives, including politics, social relations, ecation, medical care, etc. According to the prediction and conception of people in the instry, the era of blockchain 3.0 will be realized in the next five years. At that time, blockchain will be recognized and accepted by all the public like the Internet, thus completely subverting our lives
McKinsey has submitted a technical report on blockchain to the Federal Insurance Advisory Committee of the United States. The report calls 2009-2016 the "Dark Age" and believes that all blockchain solutions ring this period are based on bitcoin, and the new era of blockchain will begin in 2016. At that time, the application of blockchain will become unprecedented. Applying an original sentence in McKinsey report: Based on the current development speed of blockchain, we believe that blockchain solutions may realize their full potential in the next five years.
Hot content