区块链检测英语怎么说,区块链相关英语

Blockchain technology has been gaining increasing attention in recent years. It is a revolutionary technology that has the potential to transform many aspects of our lives. It has been used in a variety of applications, from finance to healthcare, and is expected to continue to grow in importance. In this article, we will explore three key terms related to blockchain technology and explain what they mean.

Distributed Ledger Technology (DLT) is a type of database that is distributed across multiple nodes, or computers, on a network. This system allows for data to be stored securely and efficiently, and it is much more secure than traditional databases. DLT is the foundation of blockchain technology, and it is used to store and verify data on the blockchain.

Smart Contracts are digital contracts that are written in code and stored on the blockchain. These contracts are self-executing and are triggered when certain conditions are met. Smart contracts are used to facilitate transactions and ensure that they are executed as agreed upon. They are also used to create automated systems that can be used to manage complex processes.

Consensus Algorithms are algorithms used to validate transactions on the blockchain. These algorithms are used to ensure that all transactions are valid and that no double spending occurs. Different consensus algorithms are used in different blockchains, and they are an important part of ensuring the security and integrity of the blockchain.

Blockchain technology is a revolutionary technology that has the potential to revolutionize many aspects of our lives. The three key terms we have discussed in this article are just the beginning of understanding the power of this technology. As more people become aware of the potential of blockchain technology, more applications and use cases will be developed, and the possibilities are truly endless.

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⑴ How to say "There is evil on the head of two dogs" in English

There is evil on the head of two dogs

Extended knowledge:
Recently, the editorial department of "Jiwenqiaozi" announced the top ten buzzwords of 2019, including mutual learning among civilizations, blockchain, hardcore, lemon essence, I am too difficult/south, 996, bullying, etc. were selected. So, how to translate these Internet buzzwords in English?
01
Blockchain
The English and Chinese words for “blockchain” correspond one-to-one:
Blockchain: Blockchain
Block: Region, block< br />Chain: Chain
What is “blockchain”? (What is blockchain?)
The standard explanation is: A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. for "block". These blocks are linked to each other and cryptographically protected.

02
There are tens of millions of roads, safety is the first priority
"Beijing Third District Transportation Committee reminds you: There are tens of millions of roads, safety is the first priority; irregular driving, Relatives shed tears." This safety slogan with socialist characteristics appears many times in the movie "The Wandering Earth". It seems a little inconsistent in the future carrier vehicle with a strong sense of science fiction, but it is this slight sense of violation that creates humor. Effect.
The English translation of this sentence can be as follows: Beijing No. 3 Transportation Division reminds you: Roads are countless. Safety is foremost. Unregulated driving. Loved ones end up in tears.

03< br />I don’t want what you think, I want what I feel
Hardcore version: I’m the boss.
Rough version: Shut up. Take it or leave it!
Idol drama: I don't care about what you think. Just follow my order.
Huang Xiaoming version: I am Huang Xiaoming. You got it?
Normal version: Itdoesn't matter what you think, what matters is my plan.
Literal translation: I don't want you to think, I want what I feel. I don't want “you think”, I want “I think”.

04
Hardcore
Simple and crude, no suspense, the word "hardcore" is the English word Literal translation of hardcore.
In addition, hardcore refers to "hardcore punk" in the music classification. This "hardcore punk" is faster, more intense, and more aggressive than other types of punk rock.
To sum up, we can know that the main application scenarios of hardcore basically reflect a certain kind of "intense and high intensity", which is probably the same as the "hard" in the Chinese "hardcore".

05
Lemon Essence
The phrase "I'm sour" is used very frequently this year, equivalent to "I'm jealous", "I'm envious", " My heart feels sour," and this sentence gave rise to the term "lemon essence."
The explanatory translation method is used here to translate "lemon essence" as Those who envy others in a self-deprecating way.

06
Dog licking
The word first came from Tieba, and it first appeared in 2016. Until now, it has become a common complaint used by everyone. It mainly refers to people who know clearly that the other person does not like them in a relationship, but still repeatedly put their hot face on their cold butt without any dignity or bottom line.
Five authentic expressions of love backup (dog licking):
a back-up: The original meaning is "backup", which is extended to the emotional "spare tire".
a second line: The literal meaning is "second row", that is, "second line", which is consistent with the meaning of "spare tire".
a just-in-case: just in case means "just in case", a just-in-case is used as a noun, meaning "a person just in case", which is a "spare tire" ".
a B-plan: namely "Plan B". Plan A is the priority. If it fails, plan B will be used, which means "spare tire".
A contingency: The original meaning refers to "something that may or may not happen", such as a contingency plan (backup plan) and a contingency fund (backup fund).

07
996
“996 ICU” has also become popular this year, and office workersWe have a group of people who work from 9 am to 9 pm, 6 days a week, take a free day on Sunday, and continue to work (painfully) happily on Monday. This is the so-called "996 work system", which is most common in Internet companies.
In fact, 996 ICU refers to work by 996, sick in ICU. There is such a translation to share with everyone: Work by 996, sick in ICU. You can make additional remarks to explain the meaning of 996: Work from 9:00 am to 9:00 pm, 6 days a week.

08
I’m too Southern
The meme “I’m too Southern” is very popular, so how should I say “I’m too difficult” in English?
Conventional expressions
The word hard is rarely used to describe people directly, so "I'm too hard" can be translated as life is so hard/difficult. instead of I'm so hard.
However, there is a difference between hard and difficult. Difficult mostly refers to technical difficulty, which requires wisdom to solve, such as a problem that is difficult to solve. Hard is mostly used for heavy tasks, which may be physical, time-sensitive, or stressful.
Higher-level expressions
In addition to hard and difficult, there are some higher-level expressions that can describe "difficulty",
hard going, difficult progress
tough, difficult , strong, unyielding
demanding, requiring skills, laborious
Authentic expression
Be more authentic, "It's too difficult for me" or "You've stumped me" is fine. Say You got me.

09
Social animal
"Social animal", an Internet buzzword, refers to employees who work very submissively in the company and are exploited like livestock by the company. It is often used Yu is self-deprecating and can be translated as "corporate slave".
This term comes from the self-deprecating expression of lower-level office workers in Japanese companies. It spread through Japanese dramas and has now become a common Internet buzzword in China.

10
Invisible poverty population
"Invisible poverty-stricken population" literally means "invisible poverty-sticken population", which refers to the fact that it seems that they have food and drink every day, but in fact they do not People who are so poor that they eat dirt. Common representative groups are: one second they are showing off their feast, and the next second they even have to pay the rent in advance from their roommates.
"Invisible" here means "invisible, unexpected (unexpected)". Therefore, "invisible"Poor people" can also be translated as "the unexpected poor".
"Invisible poverty" is mostly caused by uncontrolled consumption and living beyond one's means (to spend more money than you receive as income, live beyond one's means).

⑵ How to introduce 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 wrote a In his blind date resume, the job description 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.

From workers in high-tech industries to square dancing aunties, it seems that everyone is participating in the carnival of blockchain. So mysterious What exactly is the unpredictable blockchain? After reading the following content, you will have completed the journey from novice to beginner.

p> 1. What is the blockchain?

In a nutshell, the blockchain is "everyone keeps accounts together." Any one Every database needs a big steward to be responsible for "bookkeeping" (maintaining the system and entering data). But with the use of blockchain technology, the concept of this "central steward" disappears, and each of us can participate in bookkeeping. So here comes the question, 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 and write the contents of his records into the ledger. , and send the ledger contents during this period to all other people in the system for backup.

2. The power of blockchain technology Where?

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 The security of the system is guaranteed. In the absence of a central steward, everyone is the 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. In the blockchain system Everyone has the same account book, 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 does not make any sense 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, for exampleTraditional banks, but 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 intermediary participation, 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 Blockc in Englishhain, 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 a "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 tested.

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's very beautiful. It changes the past where you had to own something and then know its properties to now that you don't own it, but you can learn many details about it by asking questions.

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 very safe. For example, if you participate in the process of a bottle of medicine, others cannot see this information. When you buy this bottle of medicine, you can know where it comes from, but others cannot.

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, if you sign a contract, in the future the smart contract can becomeIn this way, all the nodes in the middle are determined when the contract is signed. For example, if I build a house for you, decorate the house, and at what stage of the decoration, your payment must be given to me. If you accept it, there is no problem, and the payment will be It was given to me automatically.

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 many triangular debt problems in the future, including the problem 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 have 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, a few people in the early days took away a lot of its shares, so how to distribute it in the future is also a problem. No one understands it 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 who can develop new underlying technology and put thisWhen transaction costs come down, everyone 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 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 has to 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 all nodes in the entire network run the same program, there is no centralControl 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 proof of stake. Proof of work, who does more work, and proof of equity, who stakes more assets

Pow means that everyone calculates a difficult mathematical problem together, whoever calculates it Whoever comes out has the right to produce the block. 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 only recognizes 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?Woolen cloth? 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, it might have been very troublesome for you to go to the bank to apply for a loan. You had to sign various signatures and verify them, and the bank might not be open on weekends and nights

But with blockchain The 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.

The original 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.There are blockchain apps on some judicial certificates, but for you in the previous section, 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, a method of value transmission, and an exploration of 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 brain power, 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. and no longer worry about someoneA big capitalist took advantage of everyone and got the lion's share 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 ideal of market economy, peer-to-peer, direct transactions between people.

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.

⑶ What should "blockchain" be translated into professional English?

Answer for you
Blockchain (block chain)
First of all, the main function of blockchain is to store information. Any information that needs to be saved can be written to the blockchain and read from it, so it is a database.

⑷ What is blockchain? Is there any company that does this? Can you recommend me?

Blockchain is computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm, etc. New application models are an important concept of Bitcoin. The company is using the Shengshi Huacai blockchain, which is indeed pretty good.

⑸ What is blockchain technology

Blockchain (English: blockchain or block chain) is an intelligent peer-to-peer network that uses distributed databases to identify, disseminate and record information. Also known as the Internet of Value.
Block chain, block is a block, which can be understood as a data block that packages transaction information. Chain is a chain, which can be understood as connecting blocks in sequence. All users can check the data packaged in sequence. Block, this is actually a big ledger that records all transaction data.
For example: So how does the blockchain start to work? Suppose there is a big ledger all over the world. This ledger managesOur money is maintained by many people. I sent you ten yuan at this moment, and then I shouted this matter to all the people who maintained the ledger through the Internet. After you received the ten yuan I sent you, you also shouted to all the people who maintained the ledger through the Internet. There was a sound. So, the first maintainer who heard our two voices immediately recorded the account. Then the maintainer told other maintainers that I have completed the accounting, and everyone completed the data based on the account I remembered.

⑹ Blockchain English

AMA——Ask Me Anything, usually refers to the question and answer activity held by the project party or the person in charge of the transaction

AMM——Automated Market Maker, automatic market maker model

AML——Anti-Money Laundering, anti-money laundering

BTC——Bitcoin, Bitcoin

< p>⑺ What is the English version of blockchain

Blockchain, as the name suggests, is composed of countless blocks. Taking Bitcoin’s blockchain as an example, it has Generating more than 400,000 blocks, the entire blockchain is like a shared decentralized ledger, jointly maintained by multiple computing nodes participating in Bitcoin transactions. Each node also has a complete ledger. Backup (complete blockchain data), and each block is like a page in the ledger, recording several different transaction information, and these records cannot be tampered with by one of the nodes.
Blockchain-related applications include the digital currency crowdfunding platform Biying China and the asset custody system developed by China Post based on blockchain technology.