Masternode mining
Suppose you understand the blockchain. To put it simply, the blockchain generates a new block every ten minutes to store all the transaction information in the blockchain. This block is equivalent to a network account book, which correctly time stamps all the transactions of the whole network in the past ten minutes. The question is who will build it? The "miner" on the blockchain is to compete for the bookkeeping right of a block in the past ten minutes. The rule of competition is to solve the sha256 problem while correctly bookkeeping. Who can prove that his computer has the fastest computing power can compete for the legal bookkeeping right of the block in the past ten minutes. This is the "mining" process. In the bitcoin blockchain, miners who dig mines can get certain bitcoin rewards. Therefore, miner's more essential function is "bookkeeper"
in his bitcoin white paper, Nakamoto describes in detail the process of establishing the credit system:
Step 1: in order to make the whole network recognize effective, every transaction must be broadcast to each node (node: miner)
Step 2: each miner node should correctly stamp each transaction in the ten minutes and record it in that block
Step 3: each miner node should compete for the legal bookkeeping right of this 10 minute block by solving the sha256 problem, and strive for the reward of 25 bitcoins (50 bitcoins every 10 minutes in the first four years, decreasing by half every four years)
Step 4: if a miner node solves the ten minute sha256 problem, TA will publish all the time stamped transactions recorded in the ten minute block of TA to the whole network, which will be checked by other miner nodes in the whole network
Step 5: other miners in the whole network check the correctness of the block's accounting (because they are also stamping the time stamp for accounting, but they do not compete for the legal block's accounting right, so there is no reward). If there is no error, they will compete for the next block after the legal block, thus forming a single block chain of legal accounting, That is the general ledger of bitcoin payment system - blockchain
generally speaking, each transaction must go through six block confirmations, that is, six ten minute bookkeeping, before it can be recognized as a legal transaction on the blockchain. The following is the accounting format of bitcoin:
so the so-called "bitcoin" is such a billing system: it includes the owner using the private key to make an electronic signature and pay to the next owner, and then the "miners" of the whole network stamp the account to form a blockchain Network)
if you want to learn more about blockchain information, it is recommended that you use Baijia, mustard circle and other popular B circle media. The amount and richness of information are more and better than those on the general network. If you want to ask technical questions, you can take a look at the links below, hoping to help you with the
Web links
Sen (Guangzhou) blockchain Technology Co., Ltd. is a limited liability company (invested or controlled by natural person) registered on August 28, 2018, with its registered address at B116, area B, 1st floor, cross strait information instry science and Technology Park, No. 8 Helong Road, Helong street, Baiyun District, Guangzhou (self declaration)
the unified social credit code / registration number of sen (Guangzhou) blockchain Technology Co., Ltd. is 91440101ma5cbepux6, which is a legal person company. At present, the company is in business
The business scope of sen (Guangzhou) blockchain Technology Co., Ltd. is software development; Information system integration service; Information technology consulting service; Data processing and storage services; Integrated circuit design; Development of natural science research and experiment; Engineering and technical research and experimental development; Research and development of electronic, communication and automatic control technology; Communication technology research and development, technical services; Internet blockchain technology research and development services; Research and development of Internet of things technology; Technical development and service of artificial intelligence algorithm software; Cold chain technology R & D services; Electronic proct testing; Software testing service; Wireless communication network system performance testing service; New material technology development services; New material technology consulting and exchange services; Network information technology promotion service; Software technology promotion service; supply chain management; Commodity information consulting servicescheck more information of sen (Guangzhou) blockchain Technology Co., Ltd. through aiqicha
check the network. First, under the Ping test,
if it can ping, then check the port, check the firewall
if it cannot Ping, then check the network connectivity
secondly, check the service status
for example, check whether the local service is on, Check whether the firewall port is open finally, check the configuration
check whether the configuration is correct
including server and client
hope it can help you, please take it, thank you