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Ⅰ What is blockchain
Blockchain is a distributed network that can function as a distributed accounting system. The Internet we are familiar with has a central node, such as WeChat in life. A message sent to Jinshengheng B will go through the central server of WeChat. There is no central point on the smart platform. Every person, merchant, and brand is the center. Each node has its own "ledger" to record the transaction details of the node. Mutual trust is established through transparent real data, linking brands, Merchants and consumers travel through various nodes in the network.
II What does Jin Wowo mean by blockchain distributed accounting
What does Jin Wowo mean by blockchain distributed accounting? , how to understand the distributed accounting of Jinwowo blockchain technology?Blockchain technology is also called distributed ledger. Generally speaking, if we assume that the database is a ledger, reading and writing the database can be regarded as an accounting behavior. The principle of blockchain technology is Find the person with the fastest and best accounting within a period of time, let this person do the accounting, 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, which not only ensures data security, but also ensures the authenticity of the data, thus improving social credibility.
What are the characteristics of distributed accounting mentioned by Jinwowo’s blockchain technology? , how to simply understand the distributed accounting function of Jinwowo Network Technology’s blockchain technology?Blockchain technology adopts a distributed accounting model. Whether it is real-time reconciliation capabilities in registration and settlement scenarios or non-tampering capabilities in data storage scenarios, it can provide traceability, anti-counterfeiting, and supply chain scenarios. Provide strong protection. Jinwowo uses blockchain technology to ensure product data security.
How should we understand the distributed accounting of Jinwowo blockchain technology?Distributed storage is a data storage technology that uses the disk space on each machine through the network and constructs these dispersed storage resources into a virtual storage device. The data is dispersedly stored in various corners of the network.
What is distributed storage in Jinwowo blockchain technology? Chongqing Jinwowo analyzes and studies the distributed storage in blockchain technology as follows:
First, each node of the blockchain stores complete data according to the block chain structure. Traditional distributed storage generally uses The data is divided into multiple parts for storage according to certain rules.
Second, each node of the blockchain is independent and has equal status, relying on the consensus mechanism to ensure storage consistency, while traditional distributed storage generally synchronizes data to other backup nodes through a central node.
Blockchain technology is also called distributed ledger. Generally speaking, if we assume that the database is a ledger, reading and writing the database can be regarded as an accounting behavior. The principle of blockchain technology is a period of timeFind the person with the fastest and best accounting record, let this person do the accounting, 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, which not only ensures data security, but also ensures the authenticity of the data, thus improving social credibility.
The trust of blockchain comes from the underlying technology, which is to exchange historical information for current trust. This is a low-cost credit mechanism that has slowly grown from birth to blockchain, which is bound to receive attention and promotion.
What does distributed accounting of blockchain mean?
This is a good question. Let me give you an example. For example, I deposited 100 yuan in the bank. The deposit data is only recorded in the bank's database and cannot be obtained by others. This is "centralized accounting". The blockchain is a distributed accounting, a new information recording technology, and it is "encrypted" and "distributed". The data no longer exists in a center, but is stored once on all computers in the network. . For example, if I transfer 100 yuan to you, I will shout to all the computers in the entire network, and everyone will keep an account together, which is "distributed accounting".
What is the distributed storage in Jinwowo blockchain technology? Chongqing Jinwowo Analysis: Big data refers to a collection of data that cannot be captured, managed and processed with conventional software tools within a certain time range. It requires new processing models to have stronger decision-making power, insight and discovery. Massive, high-growth, and diverse information assets for process optimization capabilities.
Big data needs to cope with massive and rapidly growing storage, which requires the underlying hardware architecture and file system to be much more cost-effective than traditional technologies and to be able to flexibly expand storage capacity.
Jinwowo Network Analysis: In the blockchain, data is stored on different computers, which not only achieves decentralization, but also has a high degree of encryption and security, while also reducing costs.
And if your computer has extra storage space, you can even rent out the extra storage capacity, killing multiple birds with one stone.
Ⅲ What is distributed accounting
Distributed accounting technology is a database distributed on multiple nodes or computing devices. Each node can copy and save a ledger. , and each node can be updated independently. It is characterized by the fact that the ledger is not maintained by any central authority, and updates to the ledger are independently constructed and recorded by each node.
Nodes can vote on these updates to ensure they comply with the majority opinion. This kind of voting is also called consensus, and consensus will be reached automatically through algorithms. Once consensus is reached, the distributed ledger updates itself, and the latest agreed-upon version of the ledger is saved on each node individually.
Distributed accounting technology solves the problem of trust cost. It is not so dependent on banks, governments, justice agencies, etc., and the data is fullyon the node. At the same time, issues of consumer rights, financial integrity and transaction speed are also addressed.
Extended information:
Distributed ledger is a database that is shared, replicated and synchronized among network members . Distributed ledgers record transactions between network participants, such as the exchange of assets or data. This shared ledger eliminates the time and expense of reconciling different ledgers
A distributed ledger (also known as a shared ledger, or distributed ledger technology) is a replicated consensus, shared and synchronized digital Data is geographically distributed across multiple sites, countries, or institutions. There is no central administrator or centralized data storage.
A peer-to-peer network is required, as well as a consensus algorithm to ensure replication among nodes. A form of distributed ledger designed for blockchain systems, which can be public or private.
But not all distributed ledgers must necessarily use chained blocks to successfully provide security and effectively achieve distributed consensus: blockchain is just a type of data structure that is considered a distributed ledger. In 2016, many banks tested distribution for the balance of payments.
Participants in the network restrict and negotiate updates to records in the ledger based on consensus principles. There is no intermediary third-party arbitrator (such as a financial institution or clearinghouse) involved. Each record in the distributed ledger has a timestamp and unique cryptographic signature, making the ledger an auditable history of all transactions in the network.
IV Blockchain Principles
Blockchain is a technology, but it is not a single technology, but the result of the integration of multiple technologies, including cryptography, Mathematics, economics, network science, etc. You can think of it as a distributed shared accounting technology, or as a database, but this database is jointly maintained by all nodes on the chain, and each node has a ledger, because all nodes The ledgers are consistent, different nodes can trust each other, and there is no doubt about the data, so everyone says that the blockchain has technically achieved trust. For detailed professional technology, you can consult some professional technology companies. For example: Jinbo Technology, which focuses on developing blockchain-related products, has a professional R&D team and complete after-sales service. You can call for consultation.
IV What does the distributed accounting of blockchain mean?
This is a good question. Let me give you an example. For example, I deposited 100 yuan in the bank. This deposit The data is only recorded in the bank's database and cannot be obtained by others, that is, "centralized accounting". The blockchain is a distributed accounting, a new information recording technology, and it is "encrypted" and "distributed". The data no longer exists in a center, but is stored once on all computers in the network. . For example, if I transfer 100 yuan to you, I will shout to all the computers in the entire network, and everyone will keep an account together, which is "distributed accounting".
VI A popular explanation of blockchain technology. The essence is a distributed ledger
What is blockchain technology? Briefly explain what blockchain is. At the beginning of 2019, a new currency began to enter the ranks of digital currencies and gradually attracted the attention of many digital currency players, that is, blockchain technology. But some people found that there is really little information about it on the Internet. This not only caused many people to wonder, what is it and why is it so mysterious? Blockchain is the earliest basic technology of Bitcoin. It is currently being studied all over the world and can be widely used in various fields such as finance.
Basic Principles Edit
The basic principles of blockchain are not difficult to understand. Basic concepts include:
Transaction: an operation that causes a change in the status of the ledger, such as adding a record;
Block: records transactions and status results that occur within a period of time, is Consensus on the current account book status;
Chain: composed of blocks concatenated in order of occurrence, it is a log record of the entire state change.
If you think of the blockchain as a state machine, each transaction is an attempt to change the state, and the blocks generated by each consensus are the participants.
Explanation Editor
Explain in layman’s terms: If we assume that the database is an account book, then reading and writing the database can be regarded as an accounting activity. The principle of blockchain technology is to find the fastest and best bookkeeper within a period of time. This person will keep the books and then send this page of information in the ledger to everyone else in the entire system. This is equivalent to making changes to all records in the database and sending them to every other node in the entire network, so blockchain technology is also called a distributed ledger.
Ⅶ What is blockchain and how does blockchain make money
I believe many people have heard of blockchain, but few people know what blockchain is. Blockchain technology is very hot now, and it is gradually extending to various fields. How does such a popular blockchain make money? Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. The so-called consensus mechanism is a mathematical algorithm that establishes trust and obtains rights and interests between different nodes in the blockchain system.
The ways to make money in the blockchain are as follows:
1. Earn commissions through promotion.
The blockchain approach is to first register an exchange account, generate your own invitation link, and then promote it. If someone registers the exchange through your link and generates transactions, you will get a commission.
2. Coin speculation.
Currency trading is like stock trading. Coin speculation is the lowest threshold way to make money in the blockchain.
3. Mining.
"Mining" in Bitcoin is the accounting process. This process requires grabbing, and if you grab the opportunity to bookkeeping rights, you will be rewarded, and the reward is Bitcoin. This behavior is "mining".
4. Develop wallet.
The wallet is the infrastructure of the blockchain, just like the "Alipay" or "WeChat Pay" of the blockchain.
Faced with the current plummeting market situation of Bitcoin, many investors are worried about investing in blockchain or virtual currency. To be honest, it is the same whether they are investing in virtual currency or blockchain. Whether you make a profit or a loss depends on the individual, but if you want a platform that can be played with low risk and small capital, you can consider foreign exchange, ggfx's foreign exchange, Hang Seng Index and other products, with the advantages of all-weather trading and no slippage. Spreads, and you can trade with a small capital of 0.01 lots and only 8 US dollars. After understanding this knowledge about blockchain, I hope investors can reduce their worries when making choices.
Ⅷ The prototype of blockchain-distributed accounting
A short story to help you understand the prototype of blockchain-distributed accounting:
A group of friendly residents lived on a group of small islands. Over the long years, they used shells as a credit intermediary and used them as equivalent exchange items to exchange for the food they needed. A thousand years later, the island appeared A big man asked everyone to agree to use the leaves from his tree as the only credit intermediary.
Anyone who tried to resist was thrown into the sea to feed the fish, and the kind people were quickly tamed.
Slowly, the leaves in Dahan’s house became equivalent exchange items on the island. Islanders must first exchange items for leaves, and then use leaves to exchange for other daily necessities. As the days passed, everyone had more and more leaves in their hands, but the things they bought were less and less. Except for the big man and his men, many people were living a tight life.
Until one day, one of the islanders drifted to another island and found that the exchange method on this island was different from that on his own island. They do not use leaves, but jointly keep accounts. All islanders keep their current accounts in a ledger, and all transactions are represented by numbers on the ledger. As long as it is approved by 6 people, everyone thinks the account is correct.
If this person wants to buy something, he only needs to debit it and take away the goods. This new method is simpler and more convenient than using leaves as intermediaries. If you choose this method, everyone on the island can trade freely without leaves. At the same time, because the accounts are public, everyone can check the bills, which eliminates the possibility of fraud.
This kind of joint accounting method has the shadow of Bitcoin and is also the prototype of blockchain technology-distributed accounting. The 6 people on the island are equivalent to 6 nodes. Each node maintains its own ledger, and the ledger recordsA series of transactions among the islanders on the small island.
Ⅸ What is data blockchain (BlockChain)
Blockchain is a new application model of computer technologies 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. At the same time, as the underlying technology of Bitcoin, it is a series of related data using cryptographic methods. Each data block generated 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.
(9) Extended reading on the blockchain distributed accounting process
Most public blockchain chains are limited by scalability. The biggest feature of blockchain technology is decentralization, which requires all ledgers in the network to handle the accounting process. Distributed accounting has high security, low misoperation rate, and is also politically neutral and correct.
However, while blockchain technology embraces these characteristics, it sacrifices scalability, cannot meet personalized supervision, and is slightly insufficient in protecting data privacy. Moreover, as the number of ledgers increases, the interaction delay will increase exponentially, which means that the more ledgers in the blockchain network, the higher the latency will be.
