合同 区块链,区块链合约的主要特征
区块链技术是一种分布式的、可信任的、可追溯的数据存储技术，其中包含了合约的一种形式，即区块链合约。区块链合约是一种智能合约，它可以自动执行合同，并将合同的执行结果记录在区块链上，以确保合同的安全性和可信任性。因此，本文将介绍三个与区块链合约有关的关键词，即去中心化、智能合约和可信任性。
去中心化是指区块链合约的特点，它不需要中央机构来监督和管理，而是通过分布式的网络结构来实现。因此，区块链合约可以被认为是一种去中心化的合约，它不需要依赖任何中央机构来确保合同的执行，而是通过分布式的网络结构来实现。此外，区块链合约的去中心化特点还使得它可以在全球范围内实现合同的安全性和可信任性，从而有效地降低了合同执行的风险。
智能合约是指区块链合约的另一个特点，它可以自动执行合同，并将合同的执行结果记录在区块链上。因此，智能合约可以有效地节省合同执行的时间，并且可以有效地降低合同纠纷的可能性。此外，智能合约还具有可定制的特点，可以根据实际情况设计不同的合同，以满足不同的需求。
可信任性是指区块链合约的另一个特点，它可以有效地确保合同的安全性和可信任性。因为区块链合约可以被认为是一种去中心化的合约，它不需要依赖任何中央机构来确保合同的执行，而是通过分布式的网络结构来实现。此外，区块链合约还可以通过公钥加密技术来确保合同的安全性，从而确保合同的可信任性。因此，可以说，区块链合约可以有效地确保合同的安全性和可信任性，从而确保合同的有效执行。
总之，区块链合约是一种智能合约，它可以自动执行合同，并将合同的执行结果记录在区块链上，以确保合同的安全性和可信任性。它具有去中心化、智能合约和可信任性的特点，可以有效地降低合同执行的风险，并有效地确保合同的安全性和可信任性。
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Ⅰ How to introduce the blockchain in 3 minutes in a simple and easy-to-understand manner, and what its commercial value will be in the future
There is a real joke, an engineer from Ant Financial, He wrote a blind date resume, and the job description in it was "code farmer", but no one clicked it for a long time. Later, he changed his work experience to "blockchain" and received 381 love letters at once.
From workers in high-tech industries to square dancing aunties, it seems that everyone is participating in the blockchain carnival. So what exactly is the seemingly mysterious blockchain? After reading the following content, you will have completed the journey from beginner to beginner.
1. What is blockchain?
To put it bluntly, the blockchain is "everyone keeps accounts together." Any database needs a big housekeeper to be responsible for "accounting" (maintaining the system and entering data). But after using blockchain technology, the concept of this "central steward" disappears, and each of us can participate in accounting. So the question is, whose record will ultimately prevail? Of course, it is the person who completes the work well and quickly. A system that strictly adheres to fairness will select this person based on the algorithm, write the contents of his records into the ledger, and send the contents of the ledger during this period to everyone in the system. of others to make backups.
Any new thing must have unique advantages if it wants to develop rapidly, and the same is true for blockchain technology. First of all, blockchain technology ensures the security of the system. In the absence of a central steward, everyone is a defender of the home, which means that destroying some nodes has no impact on the system at all. Second, the recording process cannot be cheated. Everyone in the blockchain system has the same ledger, and the entire process is open and transparent. The system will determine the final result based on the opinions of the majority. It is difficult for an individual to hack into so many computers at the same time, and it is meaningless to just modify one's own results. Who would do such a thankless task? Third, and most importantly, the blockchain completely abandons the existence of "credit intermediaries". Credit intermediaries are the platforms we must pass through when transferring money, such as traditional banks. Now any two strangers can directly complete mutual trust transfers, and the efficiency has been improved not only a little!
3. What is the use of blockchain technology? ?
As mentioned earlier, the main advantages of blockchain are that it does not require the participation of intermediaries, the process is efficient and transparent, the cost is very low, and the data is highly secure. That is to say, any industry that has needs in these three aspects can use blockchain technology. Here are a few examples:
In the banking industry, the use of blockchain technology is equivalent to updating a digital, secure and tamper-proof General ledger books. In fact, Swiss bank UBS and Barclays Bank in the UK have already begun experiments, hoping to use it as a way to accelerate back-end system functions and clearing and settlement capabilities. Some institutions in the banking industry claim that blockchain may reduce middleman costs by 20 billion.
In terms of car rental, blockchain also has great potential. A future customer selects the car they want to lease, entering it into the blockchain's public ledger; then, sitting in the driver's seat, the customer signs the lease agreement and insurance policy, while the blockchain updates the information simultaneously. This is a foreseeable future for car sales and car registrations.
In terms of medical and health care, blockchain technology allows hospitals, patients and all parties in the medical benefit chain to share data in the blockchain network, and Don’t worry about data security and integrity. This means more accurate diagnosis, more effective treatment, and an improvement in the health system’s overall ability to deliver cost-effective care.
Blockchain is not cold-blooded. It has been implemented in applications that are closely related to our lives. For example, the application of Ant blockchain ranges from public welfare, to mutual insurance, to traceability of product authenticity, to traceability of rental housing.
In 2018, blockchain will "return to the world."
Blockchain, do you really understand it? Since it says three minutes, let’s give a simple answer.
1. What is blockchain;
2. What are the benefits of blockchain;
3. What are the uses of blockchain;
4. Blockchain technology and existing problems;
Let’s first look at the first question: What is blockchain
Let’s look at it literally. Blockchain is called Blockchain in English. This is a very good word. The English name is well chosen and the Chinese translation is also very beautiful.
1. What is a "block"?
You can think of it as a record, or anything, which forms such a record during the production stage. This thing can be any physical or virtual object in the Internet of Everything.
For example, if you generate a Bitcoin, which is a thing, it actually corresponds to a block. This block is a record of what it is.
When you produce a bottle of medicine in the future, a block is actually generated when this bottle of medicine is produced. When it leaves the factory, it needs to be recorded once, and this corresponds to it one-to-one.
This is the first dimension.
To make it easier to understand, for example, each of us is born with a unique identifier, which is our DNA. All species in the world have different DNA. Every individual's DNA is different.
Your parents can name you Zhang San, Li Si, Wang Wu. These names can be repeated, just like a bottle of medicine, whether it is aspirin or penicillin, these can also be repeated. Famous. However, human DNA is different. Even if you have identical brothers and sisters, your DNA is different, so this is your unique identifier. And once your DNA is formed, it cannot be changed. This is a benefit of the blockchain.
2. What is "chain"? The chain is actually a process. You can think of it as a transaction process. After this bottle of medicine leaves the factory, it enters the warehouse from the workshop and passes through a certain door, and it will record the process.
Of course, this requires automatic computer recording, and the cost of human recording is too high. Then, packing is a process, and transportation to the cargo transfer station is another process. Then it is loaded into a car and transported to the wholesale station, which is the next process.
Every step of the process is recorded. It is a process to go from the wholesale station to the store, it is another process for the people in the store to receive this batch of medicines and put them on the shelves, and it is still a process for you to buy them. Finally, when the whole process is connected, you will have a way to track the entire process of this bottle of medicine and know its authenticity, because once this bottle of medicine is produced, it will be bound to the blockchain, as well as to people and people. The same is true for DNA binding, which cannot be changed, but it can be seen and detected.
The doctor can also determine whether this person is you by testing DNA. So in terms of nature, if we virtualize it, it is actually a smart contract. You have signed a sales relationship with one of your customers. Once this happens, it cannot be changed. Then everyone can only execute it. This execution process is the same as the tracking of drugs I just talked about.
Second question: What are the benefits of blockchain?
1. Mathematically speaking, it is very beautiful. It changes from the past that you had to own something before you could know its properties to that you don’t own it, but you can ask questions Learned many details about it.
Mathematically speaking, this is a perfect asymmetric situation. You can tell whether it's true or false, but you can't change it.
2. Theoretically speaking, blockchain is veryIt is safe. For example, if you are involved in the process of a bottle of medicine, others cannot see this information. That is to say, if you buy this bottle of medicine, you can know where it comes from, but others cannot. knew.
For the same reason, for example, if we sign a contract, others can verify the contract. If you go to a bank for a loan, he can ask you the amount.
However, he cannot obtain this contract, and he cannot steal this contract from your computer.
Blockchain also has some very interesting properties. For example, a block chain can be divided into two at will, or several can be combined into one, etc.
3. Blockchain is transparent, which means that everyone abides by this algorithm and there is no special agreement in private. So, if you believe in this algorithm, it means you believe in me and believe that I didn't do anything fishy. I will not secretly do anything in the contract to make you suffer losses.
This is a beautiful place theoretically and mathematically.
In the third block, let’s take a look at the uses of blockchain
1. Bitcoin is a cryptocurrency, and the Ethereum currency that everyone uses now is also a cryptocurrency. Of course, you can make another one based on it, either Zhang three coins or Li four coins. As for whether it can replace the currency of the future, this is doubtful.
2. Financing, we used to divide financing into three stages: the first stage is to get a loan from the bank. If you want to open a restaurant, you need to mortgage something. The second stage is that you issue some stocks and I sell 10% of the stocks, so that I can obtain part of the funds.
The third stage is actually crowdfunding. For example, if I want to write a book, it may cost 50,000 yuan for the publishing house to publish it. If any of you can give me 50 yuan at the beginning, I will use it in the future. Once the book is written, give everyone a copy. You will get the book, and of course I will publish it. But there is a problem. For example, I sell this book for 100 yuan and you get it for 50 yuan. What if my book sells very well, assuming I sell 100,000 copies, but you don’t seem to benefit from me? what to do?
Is there a fairer way to measure everyone's contribution? One way is to issue a cryptocurrency (ICO). When the business we do becomes bigger in the future, you can benefit from it.
3. Smart contract, for example, sign a contract. In the future, the smart contract can become like this. All the nodes in the middle are determined when the contract is signed, such as building or decorating a house for you. , your payment must be given to me at any stage of the decoration. If you accept it, no problem, the payment will be automatically given to me.
You can even sign with my supplier, which means that as soon as my money arrives in my account, I will give it to my supplier immediately. This will save a lot in the futureThe issue of triangular debt includes the issue of arrears to migrant workers.
Blockchain can also be used for property registration, car registration, etc. Of course, another great use is gambling. In fact, gambling is the most willing to adopt new technologies because it is closely related to money.
After talking about the benefits of blockchain, let’s take a look at the technology and existing problems of blockchain.
Today’s blockchain is basically the second generation and the first generation. It is the Bitcoin generation. It has many problems. It is not a platform, but is actually a specific application.
The second generation is represented by Ethereum. It is a platform on which you can issue your own coins, and it removes the concept of mining machines, so its transaction costs will be much lower. . The reason why ICOs are everywhere today is because with Ethereum, you can issue coins. Unlike in the past with Bitcoin, you had to completely copy its formula and copy it again. Today you are on Ethereum. , it is easy to issue your own currency, just like you can easily make your App on the Android operating system today.
There are three problems with Bitcoin transactions
1. The transaction delay is very long. I asked people who specialize in Bitcoin transactions and the delivery time ranges from two hours to two hours. Days wait, so it is very inconvenient for you to use it to launder money. After the RMB is converted into US dollars, it may fall by 20% in two days, and you will lose 20% of your money.
2. It cannot be distributed. Like Bitcoin, the early people took away a lot of its shares, so how to distribute it in the future is also a problem. No one knows clearly, so it is difficult to use it as a currency. a currency. Because if it really becomes a currency that everyone uses, it will be equivalent to the first few people taking away a large part of the world's property.
3. Transaction costs are high. For example, a cup of coffee at Starbucks in the United States costs $2.50 on average. You usually pay money at the counter, and the transaction time is only one minute. If you want to use Bitcoin, you have to wait two hours before you can get your coffee, and the transaction costs are extremely high, the electricity bill alone is $20. In other words, if you pay $2.50 for coffee, the transaction cost of electricity is $20, so this is unrealistic.
Blockchain has high risks. This risk is not only a technical risk, but also a policy risk. In fact, this is also an opportunity. Whoever solves this problem will get the opportunity. Its transaction costs are also very high, so whoever can develop new underlying technology and reduce this transaction cost will make a lot of profits in the future.
Some people say it is the next generation of the Internet. I don’t agree with this, but it will definitely be a supplement to the Internet. Some people say whether it can subvert the central bank, but this is not certain, because there is no reason why the central bank or these big banks cannot do this themselves, so those who expect it to subvert the central bank may be too happy too early.
Perhaps in the end it was these large financial institutions in the past that used the blockchain to update themselves.
Talk in the vernacular and get useful information!
Literally, blockchain is blocks and chains, and some relationship between them. It is essentially a distributed accounting method and a network database system that cannot be tampered with.
The current development directions include digital currency, payment, smart contracts, defi finance, web3 and so on. It is still in the initial stage of development and is a back-end technology. Most projects are still speculating and financing.
Today’s Afghanistan may best prove the value of Bitcoin, and there is no problem with value storage
Blockchain is not just a technology, it is a way of trust transfer, value The way it is delivered may have huge potential in the future.
Keywords: block, chain, database, ledger, Afghanistan, currency speculation, value, technology, market
First, what is a blockchain? Blocks and chains are an accounting method and a form of network data storage.
Literally speaking, blockchain refers to blocks and chains. This block actually records the transaction records of the entire network, or the execution process result data of smart contracts, etc.
Every once in a while, the entire network will produce a block. This block records all transfer data, and the blocks need to be connected by some kind of "chain".
This chain is an encryption algorithm. Some information of the previous block is used to calculate and obtain some information of the next block. They are linked together. The latter block can trace back to the previous block and needs to be modified. The next block must modify the previous block, all the way to the first block. Regarding the details of these issues, I have written many articles before. If you are interested, you can go back and take a look.
Blockchain is actually an accounting method, or a database storage method. Please pay attention to what I say below. The whole process is the operating mechanism of blockchain.
Each node in the entire network has the same status and runs the same program. This program is used to collect, encapsulate and package all transaction record data records that occurred in the entire network within a period of time. Then broadcast it to the entire network
Let’s take Bitcoin as an example. Once this packaging and encapsulation is completed, you can obtain the right to produce the block. A certain amount of Bitcoin can be issued every time a block is produced. Since the nodes in the entire network run the same program, there is no center to control everyone. Therefore, the currency issued is irrevocable and cannot be changed.
How to decide who has the right to make a block? This requires the use of the so-called consensus mechanism, which is to establish a rule and use who produces the block as the benchmark to solve the problem of network consistency. The mainstream consensus mechanisms include POW mechanism and POS mechanism. Proof of work and proofof stake. Proof of work, who has done more work, and proof of equity, who has staked more assets
Pow means that everyone calculates a difficult mathematical problem together. Whoever calculates it will win. Has the right to produce blocks. Pos means that everyone takes out their family assets as mortgage, and whoever mortgages more. It is possible to be selected as a block producing node.
The essence of this approach is that you have to pay a certain price and receive a certificate of investment, which essentially builds a kind of trust.
When all these tasks are completed, a block can be produced, and the block will be connected to the previous block one by one. This is the entire block sequence. Note that the entire blockchain world will produce many blocks, connected to one chain after another, but everyone will only recognize the longest chain, and short chains will be discarded.
To put it simply, each network node uses a program to package transactions within a period of time, and then connects the transaction blocks one after another and saves them in each node, but an encryption algorithm will be used in the process. Ensure that node information is not leaked, ensure that user information is encrypted, and ensure that the information in the block is not hacked or tampered with
Second, the block The current development of the chain, various projects and significance, at this stage are more about currency speculation, and there is no problem with value storage.
Blockchain has been developing for twelve or three years since the Bitcoin white paper in 2008. It has also experienced various evolutions and developments.
For example, now it has gone from being able to issue currency in a distributed way to now having huge functional expansion. The landmark event is the birth of the Ethereum smart contract.
I have explained many times that a smart contract is an automated contract signed by two or three parties. It will be automatically executed as long as the conditions are met. It is essentially a program with infinite possibilities and the judge in the blockchain world. Various functions can be input into the program, and the program exists. Blockchain has become rich and colorful.
Current blockchain applications mainly include the following aspects: smart contracts, payments, cross-chain assets, oracles, defi, web3 storage, etc. I will briefly mention two. Let’s take an example and talk about its commercial application.
For example, defi applications are quite popular on Ethereum now. Defi is decentralized finance. Abbreviation for decentralized finance.
What does it probably mean? It is to move all financial-related businesses in real life, such as mortgages, insurances, and loans, onto the blockchain.
This field is very popular now, and the reason is simple. It is very suitable for blockchain. As I said, a smart contract on the blockchain is a contract. If the contract conditions are met, execution can be automatically triggered.
In the past you might have gone to the bankApplying for a loan can be very troublesome, requiring various signatures and various verifications, and the bank may not be open on weekends and nights
The blockchain network operates 24 hours a day. If you want to run various assets on it and do various mortgage transactions, you only need to click and there is a software terminal.
Of course, the real assets will be frozen in the process and mapped to virtual assets. After the transaction is completed, they will be exchanged for real assets. Cross-chain technology and oracle technology may also be used in this process, which I have written in detail in other articles.
It roughly means cutting off banks through decentralization, and direct point-to-point transactions. The security of transactions is guaranteed by blockchain technology, code and cryptography.
There is also the current web3 storage class. For example, the leading project fil. His vision is to take out all the scattered hard drives. Break all the data and information that need to be stored on the network into small pieces
and then distribute them to the entire network. When we want to use network data in the future, we no longer need large network database or server. In this way, Internet giants cannot charge high service fees. There is no way to maintain a monopoly.
If you want to obtain stored information, just take a taxi online like dd. You pay for a taxi, so that information on the Internet can flow freely. Costs will drop significantly.
Of course, these visions are grand and huge, and the current blockchain development is still in its early stages. There are still some technical difficulties to be overcome and some underlying systems to be established, but there is no problem in this direction.
Initial digital asset projects like Bitcoin have now been proven to be very safe. Just like this situation in Afghanistan, the first thing that comes to my mind is Bitcoin. He is the first violent and unplunderable asset.
Your house may be occupied and blown up, and your gold may be robbed. And if you have Bitcoin, it's much easier. He can't snatch this thing away, because the mnemonic phrase and private key are in your mind, and he doesn't even know whether you have this thing in your mind. If you want to pass it on to your child, just ask him to memorize the key and mnemonic phrase.
It is precisely because we are now in a stage of financing and bubbles that all the news you see on the Internet is still speculation.
Also, this thing is a back-end technology. For example, Guangdong Province already has blockchain invoices. For example, there are already some blockchain apps for judicial certification, but for the front-end For you, you can't feel it. There is an extra string of hash codes on the invoice, can you tell the difference?
This is why when it comes to blockchain now, everyone is speculating on coins, but in fact it has certain applications and future technical logic.
Third, it is essentially a mechanism of trust.Exploration of value transfer methods and social governance methods.
What is the essential value of blockchain? The most important thing is that it is a way of credit transfer. Because there is enough credit, real-life assets and property values can be spread on the Internet in the form of information codes.
Mainly in these aspects.
First, before Bitcoin, people did not know how to protect a piece of information, because information on the Internet can actually be copied. Bitcoin solves the problem of uniqueness of information assets. With scarcity, there is value in transactions and storage.
The second is decentralization and disintermediation. We used to do everything. All require some kind of intermediary. For example, when you borrow money, a bank acts as an intermediary, and when you buy a house, various institutions and real estate agencies act as intermediaries.
You cannot buy or sell directly. Because you don't have enough credit. We usually come to find a third party, but the third party is usually made up of people and may also do evil.
For example, the master who could whip five lightning whips a while ago. If he calls you all kinds of names at the beginning, you may be frightened. You won't know he is a liar until he is punched and lying straight there. This is human credit, which is unreliable
Blockchain ensures credit through code, cryptography, and consensus mechanisms. We no longer need a powerful third party. Note that this third party will often become a monopoly boss.
The third is to reduce the cost of coordination, communication and entry barriers.
If we want to become richer, we need to trade in the market. And transactions require coordination and division of labor. Essentially, the companies and organizations we work for are intermediaries.
You have to integrate your resources through this kind of intermediary, transform your labor force, your brainpower, and your ingenuity into final products and sell them on the market.
The smart contract technology of blockchain technology can break up these contracts in a decentralized manner. People in the market can combine freely to establish a new type of organization that is completely transparent and cannot tamper with the rules, which is a blockchain autonomous organization. The future of this kind of organization may be more promising than that of ordinary joint-stock companies.
You can join or quit an organization at will, and the trust between you and others has been resolved. You can cooperate with others and sign smart contracts to complete joint collaboration and complete a certain product. We no longer have to worry about some big capitalist taking advantage of everyone and getting the bulk of the profits.
So the Bitcoin blockchain is essentially a big social experiment, through the consensus mechanism, the decentralized decision-making method, and the distributed signing of smart contracts. Gradually and completely change the original appearance of our society. Restore the original nature of the market economy, point-to-point, direct communication between peopleThe ideal of ease.
To summarize. Blockchain is a block of information connected together through an encryption algorithm. It is essentially an accounting method and a network data structure
Through decentralization, you can do finance, storage, and decentralize many things, but now it is still very In the initial stage, most projects are still in the stage of speculation, financing and concept development.
The value storage capability of the blockchain has been proven to be problem-free, very safe, and cannot be plundered by violence.
The essence of blockchain solves the problem of credit intermediary, and at the same time can reduce the cost for people to work together, lower the threshold for enterprise entry, improve social efficiency, make social transactions larger, and allow We are richer.
I recommend the book linked below, it is easy to understand. Like You Pump tells the history of the birth of blockchain, the underlying technical logic of blockchain, and some mainstream projects. Learn some knowledge about blockchain, feel more at ease, and no longer worry about whether it is a scam.
II What is the blockchain contract layer?
If we talk about the three layers of data, network and consensus, they are respectively responsible for the underlying data representation and data of the blockchain. In terms of communication and data verification functions, the contract layer encapsulates various script codes, algorithms and more complex smart contracts, and is the basis for the blockchain system to achieve flexible programming and data manipulation. As a self-executing agreement, a smart contract is embedded in the blockchain’s computer code. The code contains a set of rules under which parties to a smart contract agree to interact with each other, and if the predefined rules are met, the agreement will automatically execute. Thus, smart contracts provide a mechanism to effectively manage equity assets and access rights between multiple parties. With smart contracts, every agreement, process, task and payment can have a digital record and signature, which can be identified, verified, stored and shared. Smart contracts here form the governance rules – rules, regulations, procedural rules or organizational charter – and replace day-to-day operational management with self-executing code. Smart contracts usually have a user interface for users to interact with the established contract and ensure that the interaction strictly adheres to the previously established logic. At the same time, thanks to cryptography technology, data encryption can also ensure the anonymity of all parties to the agreement. As a result, smart contracts can be used not only for simple economic transactions, such as sending money from A to B, but also for registering any type of ownership and property rights, such as land registration and intellectual property rights, or managing smart access controls for the sharing economy. In other words, since smart contracts run on the blockchain P2P distributed network, rules can be applied not only within the enterprise, but also between other business partners on the blockchain.
Ⅲ A popular explanation of what blockchain is
A popular explanation of what blockchain is
What is the popular explanation of blockchain? Blockchain is a hot topic at the moment, and its development speed in the country is getting faster and faster, but many people still don’t know what blockchain is? Now I will give you an easy-to-understand explanation of what blockchain is!
Popular explanation of what blockchain is 1Generally speaking, blockchain is a decentralized distributed ledger database. The advantage of this distributed ledger is that buyers and sellers can trade directly. There is no need for any intermediary, everyone has a backup, even if your copy is lost, it will not be affected.
Suppose you have a ledger at home, and your parents give you your salary and ask you to record it in the ledger. You misappropriated more than ten yuan privately because of your greed, and no one else knew about it. But the way to solve the problem with blockchain is to keep accounts with the whole family. Not only you are keeping accounts, but your father, mother, brother, sister, younger brother, sister, etc. are all keeping accounts. They can all see the general ledger, and you It cannot be changed, and neither can others.
Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. Blockchain technology has been widely used in different industries. Such as product traceability, copyright protection and transactions, payment and settlement, Internet of Things, digital marketing, medical care, etc.
Popular explanation of what blockchain is 2Common questions in blockchain engineer interviews
What do you think the block in blockchain technology means?
The blockchain consists of information about all financial transactions. A block is nothing more than a list of records. When these lists are combined together, they are called a blockchain. For example, if an organization has 100 ledgers, their combination is called a blockchain, and a single ledger will be considered a single block.
Why is blockchain a trustworthy approach?
There are many reasons to trust blockchain. The first reason is that it is compatible with other business applications because it is open source. Secondly, it is secure because it was developed for online transactions, so the developers pay special attention to its data synchronization while keeping it safe. Because the type of business it holds is unrelated, it is easy to consider distinguishing chains when choosing.
How much do you know about blockchain?
This is a technology that was actually designed for Bitcoin and later heavily promoted for the multiple benefits of monitoring and recording all financial transactions on the network. This is a trusted method that is currently being used by many organizations. Since everything is secure and open source, it is easy to gain trust in the long run.
Utilizing blockchain in an organization, if there are specific technical requirements for the network?
No specific conditions of use. However, the network must be a peer-to-peer network under the relevant protocol. it's actually justValidate new blocks and help organizations stay in sync without investing in third-party applications.
What is encryption? What is its role in blockchain?
Data security is always very important. Encryption is basically a way to help organizations keep their data secure. In this technique, data is encoded or altered to some extent by the sender before being sent to the network. Only the receiver can know how to decode it. This practice is very useful in blockchain because it increases the overall security and authenticity of the block and helps ensure that the block is secure.
What types of records can be saved on the blockchain? Are there any restrictions?
There are no restrictions on any type of records in the blockchain approach. Currently, many organizations around the world are using this approach, and the fact is that medical transaction records, organization-related events, administrative activities, transaction processing, identity management, document records are all common record types that can use blockchain. And record keeping is not limited to these applications..
What is double spending?
This is one of the main issues related to digital currencies. In practice, this is a condition of passing a digital certificate, since the card can be used multiple times through a digital file that is often easily cloned. It only leads to inflation and the organization has to bear huge losses. A major technical goal of blockchain is to eliminate this approach as much as possible.
Explain the importance of blind signatures and how they are useful?
It is actually a form of digital signature, an important part of cryptography, where all information is blinded until it is actually considered or signed. This is a proven method often considered in different privacy-related agreements between the author and the signatory. Digital currency design is one of the most common examples.
What is key sharing? Are there any benefits to blockchain technology?
As we all know, security issues in digital transactions are very important. Key sharing is a similar approach. In blockchain technology, this is a method of dividing keys or personal information into different units and sending them to network users. The original information can only be merged if the participant who distributed the key agrees to be merged with other participants. It can provide various security-related benefits in blockchain technology.
What organizations can use blockchain technology?
This method can be considered as commercial class without strict upper limit. In fact, almost all businesses are doing or online financial transactions that require them to successfully complete the implementation process. Large enterprises, financial institutions, private enterprises, government departments, and even defense agencies can easily trust this technology.
What is the difference between a blockchain ledger and a general ledger?
First of all, the main difference is that blockchain is a numberThe ledger can be easily decentralized. This method is far less likely to go wrong than a regular ledger. Normal books are written by hand or by hand, blockchain does all the tasks automatically. You just need to configure it the right way and follow all the guidelines.
What is a soft fork?
Blocks in the ledger are included in a way that builds the longest chain, i.e. the chain with the greatest cumulative difficulty. A fork is a situation where there are two candidate blocks competing to form the longest blockchain, and two miners discover a working problem and fail to synchronize with each other within a short period of time. Causes network fragmentation because some nodes get blocks from miner #1 and others get blocks from miner #2. Forks are usually resolved in one block because the probability of this happening again becomes very low as the next block comes out so soon there is a new longest chain that will be considered primary.
IV What exactly is blockchain
The most popular concept in 2018 is not blockchain, but Internet giants and startups have expressed their entry. What is blockchain?
Block chain is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm, etc. The consensus mechanism is to establish trust and obtain rights and interests between different nodes in the block chain system. Mathematical algorithm.
Block chain is an important concept of Bitcoin. It is essentially a centralized database and the basic technology of Bitcoin. Block chain is a series of data blocks related to cryptography methods. Each data The block contains the information of the Bitcoin network transaction and is used to verify the validity of its information (anti-counterfeiting) and generate the next block.
In a narrow sense, the block chain is a chain that connects data blocks in chronological order. The data structure is an untamperable and unforgeable distributed account book guaranteed by Qinxiao cryptography. Broadly speaking, block chain technology uses the block chain data structure to verify and store data, and uses the distributed node consensus algorithm to generate and update data. , using cryptography to ensure data transmission and access security, and using smart contracts composed of automatic script codes to program and operate new distributed infrastructure and computing methods of data.
Generally speaking, the blockchain system consists of data It consists of layer, network layer, consensus layer, incentive layer, contract layer and application layer. Among them, the data layer includes basic data blocks, related data encryption and timestamps and other basic data, and the network layer of the basic algorithm includes distributed The consensus layer such as network mechanism, data dissemination mechanism and data verification mechanism mainly packages the incentive layer of various consensus algorithms of network nodes and integrates economic factors into the blockchain technology system, mainly including the issuance mechanism and distribution mechanism of economic incentives. The contract layer mainly Packaging various scripts, algorithms and smart contracts, it is the basis of the programmable features of the blockchain. The model's chain block structure based on timestamps, the consensus mechanism of distributed nodes, economic incentives for consensus computing power and flexible programmable smart contracts are blocks The most representative innovation point of blockchain technology.
Blockchain is currently divided into three categories. In the book "Blockchain: Defining the New Structure of Future Finance and Economy" issued by CurrencyIntroduced in detail, hybrid blockchain and private blockchain can be considered as broad private chains:
Public blockchain
Public blockchain refers to any individual or group in the world. Transactions can be sent, transactions can be effectively confirmed by the blockchain, and anyone can participate in the consensus process. The public blockchain is the earliest blockchain and the most widely used blockchain at present. The virtual digital currencies of the major Bitcoins series are based on Public blockchain, there is only one blockchain in the world that corresponds to the currency.
United (industry) blockchain
Industry blockchain: A group designates multiple pre-selected nodes as accountants , the generation of each block is jointly decided by all pre-selected nodes (the pre-selected nodes participate in the consensus process), other access nodes can participate in the transaction, but ask about the accounting process (essentially management accounting, just distributed accounting, how many pre-selected nodes, how to decide each The accountant of the block becomes the main risk point of the block chain), and others can conduct limited inquiries through the open API of the block chain
Private Blockchain
IV What is a block Chain
In the simplest terms, a blockchain is a distributed ledger.
To understand what this means, we first have to look at its opposite: a centralized ledger. Because blockchain technology started with finance, we will also introduce it below using banks as an example.
The following is our process for using bank debit card transactions:
You can swipe your card to purchase goods in stores.
The merchant sends a statement to your bank for the agreed upon amount.
Your bank will verify that you may have authorized the purchase.
The bank sends the money to the merchant.
Finally, the bank records this information in its ledger.
There’s a lot of technology involved here, but that’s basically it. The last step is important - the bank records all transactions made by the customer. This ledger goes all the way back to the first transaction the bank made.
This ledger is kept, maintained and regulated by the bank. You can read it in your online bank account, but you can't change it. The bank has complete control. If it decides to make a change, there's nothing you can do about it.
Crucially, if hackers were able to access a bank’s ledger, that could cause a lot of problems. They can change the account balance to make it look like certain transactions never occurred, etc.
This is why distributed ledgers are so cool.
Blockchain Network Visualization
If a bank operates on a distributed ledger, each member of the bank will have a copy of the ledger, and whenever any member of the bank When they make a purchase, they tell every other member of the bank.
Each member will validate the transaction and add it to the ledger (the added records are called "blocks"). This has some important benefits, as there is no centralized authority that can manipulate records. Hackers accessing one ledger won't be a big problem because other ledgers can easily verify it.
On the other hand, it requires a lot of work. In short, the second system is blockchain (at least in financial scenarios).
As mentioned above, blockchain is a decentralized list of transactions. If I send Xiao Ming 2 Bitcoins, I send a message to everyone in the network saying "I am sending Xiao Ming 2 Bitcoins" and they all record the transaction.
The future of blockchain, how will it change our lives?
One thing that is important about blockchain is that it is a public resource and no one really owns it because everyone owns it.
Blockchain is not just science fiction. We don’t need to understand the mechanism behind this technology, but you do need to understand that it may completely change our lives in the next 20 years.
This may sound bold, but remember, 20 years ago we were browsing the Internet on Netscape, using state-of-the-art Motorola flip phones, and buying our first DVD players. At that time, if we imagined that a computer could be held in our hands and that we could buy cars, make payments, and watch movies, it would have been considered a fantasy.
Although the impact of blockchain may not be as obvious as the Internet, nor as tangible as mobile phones, blockchain will effectively solve many worries in daily life. Such as intermediaries cheating people, transaction delays, etc. In our current lives, middlemen are everywhere and we take them for granted as a part of life. If one day these intermediaries cease to exist, you will find that the world will become a different place.
Imagine that by 2040, blockchain may become a mature and widely used technology. When one day you can't live without the blockchain just like you can't live without the Internet now, you will be surprised to find that this decentralized accounting technology has simplified the complexity and become a part of your lifestyle
VI What does blockchain mean
Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. Blockchain is an important concept of Bitcoin.
It is essentially a decentralized database. As the underlying technology of Bitcoin, it is a series of data blocks generated using cryptographic methods. Each data block contains a batch of The information of Bitcoin network transactions is used to verify the validity of its information (anti-counterfeiting) and generate the next block.
Blockchain is closely related to people’s production and life in public management, energy, hotel management, transportation and other fields, but in these fieldsThe characteristics of mentalization also bring some problems, which can be transformed using blockchain.
The decentralized fully distributed DNS service can realize domain name query and resolution through point-to-point data transmission services between each other in the network, and can be used for the operating systems and firmware of some important infrastructures. If it has not been tampered with, the status and initialization of the software can be monitored to detect bad tampering and ensure that the data transmitted by the system using IoT technology has not been tampered with.
Ⅶ What consensus mechanisms are currently used in the blockchain and what are their respective advantages, disadvantages and scope of application
1. What is the technology of the blockchain?
If we assume that the database is a ledger, reading and writing the database can be regarded as a bookkeeping behavior. The principle of blockchain technology is to find the person with the fastest and best bookkeeping within a period of time. This person To keep accounts, and then send this page of information in the ledger to everyone else in the entire system. This is equivalent to changing all the records in the database and sending them to every other node in the entire network, so blockchain technology is also called a distributed ledger.
Blockchain refers to a technical solution that collectively maintains a reliable database through decentralization and trustlessness. This technical solution mainly allows any number of nodes participating in the system to associate and generate a series of data blocks (blocks) using cryptographic methods. Each data block contains all the information exchange data of the system within a certain period of time, and generates The data fingerprint is used to verify the validity of its information and chain to the next database block. Blockchain is a general term for technical solutions similar to NoSQL (non-relational database). It is not a specific technology and can be implemented through many programming languages and architectures. There are also many ways to implement blockchain. Common ones currently include POW (Proof of Work), POS (Proof of Stake), DPOS (Delegate Proof of Stake), etc. The concept of blockchain was first proposed in the paper "Bitcoin: A Peer-to-Peer Electronic Cash System", written by an individual who calls himself Satoshi Nakamoto (or group). Therefore, Bitcoin can be regarded as the first application of blockchain in the field of financial payments.
2. What is the principle of blockchain?
Combined with the definition of blockchain, we need these four characteristics before we can consider it: Decentralized , trustless, collective maintenancely maintain), reliable database (Reliable Database). And the four characteristics will lead to two other characteristics:
Open Source (Open Source) and Anonymity (Anonymity). If a system does not possess these characteristics, it will not be considered an application based on blockchain technology. Decentralized: The entire network has no centralized hardware or management organization. The rights and obligations between any nodes are equal, and the damage or loss of any node will not affect the operation of the entire system. Therefore, the blockchain system can also be considered to have excellent robustness. Trustless: Data exchange between each node participating in the entire system does not require mutual trust. The operating rules of the entire system are open and transparent, and all data content is also public, so it is within the scope of the rules specified by the system. and within the time range, nodes cannot and cannot deceive other nodes. Collectively maintain: The data blocks in the system are jointly maintained by all nodes with maintenance functions in the entire system, and anyone can participate in these nodes with maintenance functions. Reliable Database: The entire system will be divided into databases so that each participating node can obtain a copy of the complete database. Unless more than 51% of the nodes in the entire system can be controlled at the same time, modifications to the database on a single node are invalid and cannot affect the data content on other nodes. Therefore, the more nodes and stronger computing power participating in the system, the higher the data security in the system. Open Source: Since the operating rules of the entire system must be open and transparent, for the program, the entire system must be open source. Anonymity: Since nodes do not need to trust each other, there is no need to disclose their identities between nodes, and every participating node in the system is anonymous.
3. What is blockchain finance?
In 2016, innovators will be innovated. The new round of technological revolution will address the challenge of trust between strangers in the sharing economy while destroying the basis for such platforms to make money.
Traditional intermediaries
Although the sharing economy effectively challenges the status quo and has strong innovative attributes, it still adopts a very traditional business model.
The most common method of charging commissions on transactions has been used for centuries. Today, technology has made many things possible, but it still cannot completely replace intermediaries.
When P2P platforms and other online marketplaces first emerged, people talked about disintermediation.ermediation), a new way of connecting people directly through the Internet, bypassing traditional intermediaries. Indeed, even though we have experienced how much more convenient new markets are and the possibilities of transacting with a variety of suppliers, we still rely heavily on intermediaries today. The fact is that today’s biggest new businesses are giant intermediaries, whose scale is beyond imagination, like Alibaba, Amazon, eBay, and Uber.
Is there a technical solution that can completely remove the intermediary between transaction parties? Is there a system where you can trade directly with anyone and be safe from being cheated, but no one owns the system so there is no commission taker.
Blockchain technology makes this possible. Blockchain is the core technology of Bitcoin. It is extremely innovative and can be used to build a completely transparent, ownerless and decentralized system. It can ensure the safety of various transaction parties without any form of intermediary. These transactions Parties include people and businesses.
Naturally, a lot of resources flow to the blockchain. The blockchain has also had a considerable impact on the financial and legal industries, and will eventually become rampant in these two industries, or provide the best Opportunity, it's all about how you look at it.
Decentralized Finance
In 2015, probably due to their high sensitivity to the growth of the alternative finance market, nine investment banks targeted blockchain technology finance. The services jointly developed the open standard. Last year saw constant activity discussing the future of blockchain technology and the launch of Slock.it, one of the first technology stacks for the decentralized sharing economy.
What does the sharing economy look like under the blockchain?
If you want to continue to earn commissions in the sharing economy, you must create a new business model.
Of course, the blockchain market will still require some investment. Developers may be happy to spend time solving code that plagues the system. However, I have yet to meet the overdue branding consultants, designers or businesspeople who have similar ideas or are willing to invest. Code alone cannot help the blockchain market enter the mainstream.
But blockchain will flourish, and by getting rid of annoying intermediaries, it can almost be predicted that it will definitely be cheaper than the existing sharing economy. By then, the giants will be forced to start response.
Will the old sharing economy repeat history, decline due to its belief that it is indestructible, and be quickly replaced by competitors that are more flexible and equipped with technology? Or will you experiment, find a profitable market in Sharing Economy 2.0, and beat the game?
What about credit?
Credit is the most frequent word in all discussions related to the sharing economy, and it is quite complicated and tricky. at presentThe collaborative platforms have made it very clear: We can improve the level of trust in the sharing economy; we can take optimal measures to ensure that users trust our platform and transact on it, but we cannot guarantee that transactions between people are trustworthy. The blockchain solution solves the above problems.
The transaction system in the blockchain is immutable, and each transaction can be tracked within the assigned ledger. Smart contracts fully set parameters and conditions for all two-party transactions, so the blockchain is no longer needed. Any "trusted intermediary" or guarantor of credit between strangers.
By 2017, regulators will realize that they need to completely rethink the rules and regulations in the sharing economy. At that time, each transaction party will reach hundreds of millions of independent contracts in the blockchain. One solution is to type rule code into the system.
When the sharing economy first appeared around 2008, many people cheered, believing that it would lead us into a new inclusive and sustainable economy, and that it would lead us into the post-capital paradigm in the future. a democratizing force. However, (so far) this is not the case. The same was true when the Internet first emerged. It was utopian in its initial stages, so people who hold the same transformative expectations for blockchain are likely to be disappointed. Even so, it won’t hurt in the least that blockchain will shake up the giants of the sharing economy.
4. Blockchain community
Bubi Blockchain focuses on the innovation of blockchain technology and products. It already has a number of core technologies and developed its own Blockchain service platform. With decentralized trust as the core, we are committed to building an open value circulation network to allow digital assets to flow freely.
Features and Advantages
It has achieved a number of core technological innovations and developed its own basic blockchain service platform, which has been used in equity, supply chain, points, credit, etc. application in the field.
Fast transaction verification
By optimizing key transaction links such as signature algorithms, consensus mechanisms, and ledger storage, Bubi blockchain can achieve fast transaction verification in seconds.
Efficient ledger access
Bubi blockchain’s adjustments to the ledger storage structure can save 90% of storage space and reduce the long-term operation of the system, resulting in ledger access Risk of performance degradation.
Multiple asset issuance
Bubi blockchain supports the issuance and transaction of multiple assets by different users. Each asset can track and record the issuer, issuance quantity, and transaction. Circulation and other details.
Joint signature control
Allows multiple users to be set up under the same account, and sets corresponding permissions for different operations to meet the usage scenarios of multi-party signature control.
Built-in smart contract
A smart contract is a set of promises defined in digital form. The blockchain becomes a participant in the contract and is responsible for maintaining, saving and automatically executing the contract.
On-chain exchanges
Compared with traditional centralized exchanges, in a trading platform built with blockchain, all transactions are verified, completed and saved on the chain. Ensure user transaction security.
What Bubi Blockchain wants to do is to create a new technology and product - to realize real value circulation and bring the Internet to a new level. With the application of this technology, there will be no central organization when transferring assets, and direct transfer of assets between us can be achieved. In the future, if the network itself can checkout, we can transfer directly without going through an intermediary.
VIII What does blockchain mean and how to understand it
Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm.
Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. As the underlying technology of Bitcoin, it is a series of related data generated using cryptography methods. Each data block contains a batch of Bitcoin network transaction information, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block.
Notes
1. Blockchain originated from Bitcoin in November 2008 On March 1, a person claiming to be Satoshi Nakamoto published the article "Bitcoin: A Peer-to-Peer Electronic Cash System", which elaborated on P2P network technology, encryption technology, timestamp technology, blockchain technology, etc. The architectural concept of the electronic cash system marked the birth of Bitcoin.
Two months later, the theory came into practice, and on January 3, 2009, the first genesis block with serial number 0 was born. A few days later, block number 1 appeared on January 9, 2009, and was connected to the genesis block number 0 to form a chain, marking the birth of the blockchain.
2. In order to realize the great leap forward development of blockchain finance, in order to promote the new development of China’s economy, accelerate the circulation of global assets, and realize the dream of rejuvenation that generations have been striving for, Puyin Group launched the On the 9th, a Puyin Blockchain Finance Guiyang Strategy Release Ceremony was held in Guizhou. At the meeting, the digital circulation of assets through blockchain, the blockchain financial transaction model, and the application of blockchain services and social public industries will be discussed. Explore.
