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❶ What is the concept of blockchain

Concept: Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm.

The essence of the blockchain is a distributed public ledger. Anyone can verify this ledger, but no single user can control it. Participants in a blockchain system jointly maintain a ledger: it can only be modified according to strict rules and consensus.

The development of blockchain has gone through three stages:

1. Incubation period: 2009-2012, the economic form was dominated by Bitcoin and its industrial ecology.

2. Embryonic period: The period is from 2012 to 2015. Blockchain entered the public eye with Bitcoin, new wallet payment and remittance companies appeared, and the blockchain economy spread to the financial field. The underlying technology of blockchain continues to innovate. Blockchain technology is divorced from the Bitcoin system.

3. Development period: In 2016, industry applications began to be explored, and a large number of blockchain startups emerged. The popularity of ICO in 2017 brought unprecedented attention to blockchain.

(1) This is extended reading of the blockchain:

Three special disadvantages of the three blockchains:

< p>1. The core idea of ​​blockchain is decentralization: in the blockchain system, the rights and obligations between any nodes are equal, and all nodes have the ability to vote with computing power, thus ensuring The recognized result is the result recognized by more than half of the nodes. Even if it suffers a severe hacker attack, as long as the number of nodes controlled by the hacker does not exceed half of the total number of global nodes, the system will still be able to operate normally and the data will not be tampered with.

2. The biggest disruption of blockchain lies in the establishment of credit: in theory, blockchain technology can make WeChat Pay and Alipay no longer valuable. "The Economist" gave a vivid metaphor to the blockchain: simply put, it is "a machine that creates trust." Blockchain allows people to collaborate without trusting each other and without a neutral central authority. Combating counterfeit currency and financial fraud will no longer be needed in the future.

3. The collective maintenance of blockchain can reduce costs: In a centralized network system, the maintenance and operation of the system rely on the operation, maintenance and operation of platforms such as data centers, and the cost of failure cannot be omitted. Anyone can participate in the nodes of the blockchain. While participating in the recording, each node also verifies the correctness of the recording results of other nodes, which improves maintenance efficiency and reduces costs.

In one sentence, blockchain touches money, trust and power, which are the fundamental foundations on which human beings rely for survival.

❷ What exactly is the blockchain?

What exactly is the blockchain? In essence, blockchain is a distributed, decentralized network database system that will make the storage, update, maintenance, and operation of data different. Blockchain has four key features:The indispensable core technologies are: distributed storage, consensus mechanism, cryptography principles, and smart contracts.

Then let’s talk about how blockchain is different from traditional data processing to help everyone understand what blockchain is and give everyone a general understanding of blockchain. Cognition.

1. Data storage in blockchain: block chain data structure

In terms of data storage, blockchain technology utilizes "block chain data structure" To verify and store data.

What does the blockchain structure mean? Everyone has seen an iron chain, with one link within another. In fact, each link can be regarded as a block, and many links are linked together to form a blockchain.

How does this so-called "iron chain" store data? To put it simply, the difference between blockchain and ordinary stored data is that on blockchain, the data in the next block includes the data in the previous block.

Take reading as an example: when we read a book, we finish page 1, then page 2, page 3...
What about in the blockchain? If each block is marked with a page number, then the content on page 2 contains the content on page 1, the content on page 3 contains the content on page 1 and page 2...Page 10 contains The content of the first 9 pages is such a chain nested layer by layer. In this way, the most original data can be traced back. This is the traceability of the blockchain.

The "blockchain data structure" of blockchain makes it traceable, which is naturally suitable for many fields, such as: food traceability, drug traceability, etc. In this way, the probability of tainted milk powder, fake vaccines, and fake and substandard food incidents will be greatly reduced, because once a problem occurs, through traceability, we can clearly know which link caused the problem, and accountability and recovery will be clearer.

2. Data update in the blockchain: distributed node consensus algorithm

In terms of data update, blockchain technology uses the "distributed node consensus algorithm" to Generate and update data.

Every time a new block is generated (that is, when data is updated), an algorithm needs to be used to obtain the approval of more than 51% of the nodes in the entire network to form a new block. To put it bluntly, it is a vote, and it can be generated if more than half of the people agree, which makes the data on the blockchain non-tamperable.

Why do you say that? Let’s make an analogy: we compare the blockchain to a ledger, because it records data. In the traditional world, the bookkeeping power lies with the bookkeeper, and the ledger belongs to the bookkeeper alone. So in the blockchain, everyone owns this account book and wants to update the account?, you need to vote, and only if more than half of the people agree can you update the account data.

In this process, we will involve several terms: distributed, node, consensus algorithm. These terms are actually very easy to understand:

Everyone Accounting (that is, everyone has a ledger, and the ledger is scattered in everyone's hands) is the so-called "distributed";

The accounting method that everyone discusses, votes for, and unanimously agrees on is The so-called "consensus algorithm";

Every person participating in accounting is a so-called "node".

3. Data maintenance in blockchain: cryptography

In the data maintenance stage, the difference of blockchain is that it uses cryptography to Ensure the security of data transmission and access.

The cryptographic principles applied in the blockchain mainly include: hash algorithm, Merkle hash tree, elliptic curve algorithm, and Base58. These principles actually ensure data security on the blockchain through a series of complex operations and conversions.

4. Data operations in the blockchain: smart contracts

A smart contract is a commitment agreement defined and automatically executed by a computer program. To put it bluntly, it is executed with code A set of transaction rules, similar to the current automatic repayment function of credit cards. If you turn this function on, you don't have to worry about anything. The bank will automatically deduct the money you owe when it expires.

The outstanding advantage of smart contracts is that they largely avoid a series of problems caused by trust.
Many of us have encountered the situation of being borrowed money: a friend who is short of money borrows 2,000 yuan from you and promises to pay back the money after the salary is paid next month, but next month he finds other excuses. Also, dragging this matter around would be pointless. We didn't have much money, but we were still friends. Even though you were depressed, let it go.

Then, after having a smart contract, he cannot default on his debt, because in the smart contract, once the terms in the contract are triggered, the code will automatically execute, whether he wants it or not, as long as he sends Once you have earned your salary and have money in your account, he has to pay you back.

To summarize the contents of this section, there are four indispensable core technologies in the blockchain, namely: distributed storage, consensus mechanism, cryptography principles, and smart contracts.

We can understand it this way: distributed storage corresponds to the data storage stage, the consensus mechanism corresponds to the data processing and update stage, cryptography corresponds to data security, and smart contracts correspond to data operational issues.

❸ What is blockchain in simple terms

Blockchain is a term in the field of information technology. Essentially, it is a shared database. data stored therein orInformation has the characteristics of "unforgeability", "whole process traceability", "traceability", "openness and transparency" and "collective maintenance". Based on these characteristics, blockchain technology has laid a solid foundation of "trust" and created a reliable "cooperation" mechanism, which has broad application prospects.
On January 10, 2019, the Cyberspace Administration of China issued the "Blockchain Information Service Management Regulations". Blockchain has entered the public eye and become the focus of society. From a technological perspective, blockchain involves many technological issues such as mathematics, cryptography, the Internet, and computer programming.
Extended information:
From an application perspective, in short, blockchain is a distributed shared ledger and database, which is decentralized, non-tampering, traceable, traceable, and collective. Maintenance, openness and transparency. These characteristics ensure the "honesty" and "transparency" of the blockchain and lay the foundation for establishing trust in the blockchain. The rich application scenarios of blockchain are basically based on the fact that blockchain can solve the problem of information asymmetry and achieve cooperation, trust and coordinated action among multiple entities.
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. Essentially, it is a decentralized database. At the same time, as the underlying technology of Bitcoin, it is a series of data blocks associated with cryptographic methods. Each data block contains a batch of Bitcoin network transaction information to verify the validity of its information (anti-counterfeiting) and generate the next data block [8]. In fact, the word blockchain does not appear in the original English Bitcoin white paper, but blockchain. In the Chinese translation of the earliest Bitcoin white paper [9], blockchain was translated into blockchain language. This is the earliest time when the Chinese word "blockchain" appeared.

❹ What is the concept of blockchain? What exactly is blockchain? Read it in three minutes!

On October 25, 2019, Xinwen Broadcast sent a very important signal: the country must vigorously develop blockchain. After that, blockchain has become an Internet celebrity, and the figure of "blockchain" is floating in the streets and alleys. In fact, many technology companies have already deployed blockchain technology.

Although blockchain is very popular, many people do not know much about blockchain.

What is blockchain?

Let’s first take a look at how Du Niang explained it. Network display: Blockchain is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithms.

Why is blockchain called blockchain?

The blockchain is linked by blocks one by one, and the blocks are storage units one by one, which record the communication information of each block node. The blocks are much like the records of the database. Writing data every time creates a block. With the expansion of information exchange, one block and oneBlocks continue one after another, and the result is called a blockchain.

What are the characteristics of blockchain?

Blockchain mainly has the following characteristics:

1. Decentralization: In the blockchain system, every node has equal rights. and obligations, there is no central control here. Decentralization has well established trust relationships with each other. Although there is no central management organization, people can collaborate with each other and trust each other. This mainly applies blockchain distributed ledger technology.

2. Openness: Blockchain data is open to everyone. Except for some encrypted information that is not open, everyone can check the data here.

3. Independence: The entire blockchain system does not rely on other third parties. All nodes can automatically and securely verify and exchange data within the system without any human intervention.

4. Security: Blockchain has a certain degree of security and cannot be tampered with. Because everyone in the blockchain system has the same ledger, if someone wants to tamper with it, it is possible to forge a non-existent record only if they control more than 51% of the accounting nodes. Of course, this is basically impossible. This is mainly due to the core technology of the blockchain: the consensus mechanism. The consensus mechanism has the characteristics of "the minority obeys the majority" and "everyone is equal".

5. Anonymity: Many people think that if the blockchain is so open and transparent, will we lose privacy? In fact, no, although the transaction information in the blockchain is open and transparent, the identity information of the account is encrypted and can only be accessed with authorization.

Now let me tell you a story to help you better understand the blockchain.

There are three people in the family, mom, dad, older brother and younger brother. Last year, my father was in charge of the family's account books. He was responsible for all the family's income and expenses alone.

However, on the day of Double Eleven, my mother, who has always been frugal, wanted to buy herself a beautiful piece of clothing on a certain online store. When she checked the account book, she found something was wrong. It stands to reason that except for some money deposited in banks and financial management, the whereabouts of the daily consumption money at home are all in this account book, but no matter how you look at it, it is wrong. Some consumption is clearly not recorded, but is recorded.

Later, my father took the initiative to confess that he couldn’t help but buy a pack of cigarettes.

Later, my mother changed her strategy and the whole family kept accounts. Everyone recorded their monthly consumption expenditure in their own account books. Whenever there was a transaction or consumption at home, my mother would shout, "Book it," and everyone would record the transaction in their own books. This is the decentralized accounting model, where everyone is the center and everyone has a ledger.

The previous accounting model for dad was centralized accounting. If dad wanted to do something alone, it would be difficult for anyone to see it. The decentralized accounting model has solved the shortcomings of centralized accounting very well. , if dad wants to tamper with the account book, it will be very difficult.

For example, if my father wants to take some money from the ledger and secretly buy cigarettes, the amount of money is limited, and if he wants to take the money, he has to change the ledger, but he only tampered with his own ledger. No, he had to change the accounts of three people including himself. And this is undoubtedly more difficult than reaching the sky.

So, many times my father had the idea of ​​smoking, but he had no choice but to give up the idea due to the current situation.

Are blockchain and Bitcoin the same thing?

In fact, blockchain and Bitcoin are not the same thing. It is just the underlying technology of Bitcoin. Bitcoin is the first digital currency applied by blockchain.

In 2008, Satoshi Nakamoto first proposed the concept of blockchain. In the following years, it became a core component of the electronic currency Bitcoin, serving as a public account book for all transactions. Blockchain was first applied to Bitcoin.

The origin of blockchain is to solve the problem of trust, and one of the most successful applications of blockchain is digital currency. Bitcoin is arguably the most successful application of blockchain so far.

What are the applications of blockchain?

The application of blockchain is actually very wide. In addition to digital currency, the future applications of Bitcoin are still very extensive. 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., promoting different industries to quickly enter the "blockchain+" era.

1. Payment and clearing: Blockchain can abandon the role of transit banks, realize point-to-point payment, reduce transit fees, and accelerate fund utilization.

2. Product traceability: For example, if we buy a piece of clothing on a certain store, we can see the past and present life of this piece of clothing.

3. Securities trading: Traditional securities trading requires the coordination of four major institutions, which is inefficient and costly. Blockchain technology can independently complete one-stop services.

4. Supply chain: Introducing blockchain technology into the supply chain system, synchronizing information within the system can control all links, better complete division of labor and collaboration, and facilitate subsequent accountability.

5. Intellectual property rights: With copyright on the chain, our photographic works, musical works, literary works, etc. will become our information, and the ownership of the information will be confirmed and become our property.

❺ What exactly is blockchain

What is blockchain?
Blockchain is aNew application models of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanisms, and encryption algorithms. The so-called consensus mechanism is a mathematical algorithm that establishes trust and obtains rights and interests between different nodes in the blockchain system [1].
Blockchain is an important concept of Bitcoin. It is essentially a decentralized database and serves as the underlying technology of Bitcoin. The blockchain is a series of data blocks generated using cryptographic methods. Each data block contains information about a Bitcoin network transaction and is used to verify the validity of its information (anti-counterfeiting) and generate the next block.
Blockchain was born from Satoshi Nakamoto’s Bitcoin. Since 2009, various Bitcoin-like digital currencies have appeared, all based on public blockchains.
The current situation of digital currency is that a hundred flowers are blooming. Here are some common ones: bitcoin, litecoin, dogecoin, dashcoin. In addition to currency applications, there are also various derivative applications, such as Ethereum, Asch and other underlying application development platforms, as well as NXT , SIA, BitShares, MaidSafe, Ripple and other industry applications.
On January 20, 2016, the People’s Bank of China Digital Currency Seminar announced that it had achieved phased results in digital currency research. The meeting affirmed the value of digital currency in reducing the issuance of traditional currency and stated that the central bank is exploring the issuance of digital currency. The expression of the People’s Bank of China’s Digital Currency Seminar has greatly enhanced the confidence of the digital currency industry. This is the first time that the five central bank ministries and commissions have expressed a clear attitude towards digital currencies since they issued a notice on preventing Bitcoin risks on December 5, 2013. [4]
On December 20, 2016, the Digital Currency Alliance - China FinTech Digital Currency Alliance and FinTech Research Institute were officially established, with Huobi being one of the co-initiators. [5]
Some areas where blockchain can be used are:
▪ Smart contracts
▪ Securities trading
▪ E-commerce
▪ Internet of Things
▪ Social communication
▪ File storage
▪ Proof of existence
▪ Identity verification
▪ Equity crowdfunding
We can compare the development of blockchain to the development of the Internet itself , something called finance-internet will be formed on the Internet in the future, and this thing is based on blockchain, and its precursor is bitcoin, that is, traditional finance starts from private chains and industry chains (local area network), and the bitcoin series starts from public chains (Wide Area Network), all express the same concept - digital assets (DigitalAsset), and finally converges to an intermediate equilibrium point.
The evolution of blockchain is:
▪ Blockchain 1.0 - digital currency
▪ Blockchain 2.0 - digital assets and smart contracts
▪ Blockchain 3.0 ——The implementation of distributed applications in various industries
Blockchain is divided into three categories, which is introduced in detail in the book "Blockchain: Defining the New Pattern of Future Finance and Economics" [2] issued by Currency, < br />Hybrid blockchains and private blockchains can be considered as broad private chains:
Public Blockchains (PublicBlockChains)
Public blockchains refer to: any individual or group in the world Transactions can be sent and effectively confirmed by the blockchain, and anyone can participate in its consensus process. The public blockchain is the earliest blockchain and the most widely used blockchain. The virtual digital currencies of all major bitcoins series are based on the public blockchain. There is only one blockchain corresponding to this currency in the world. .
Consortium (Industry) Blockchain (ConsortiumBlockChains)
Industry Blockchain: Multiple preselected nodes are designated within a certain group as bookkeepers, and the generation of each block is jointly performed by all preselected nodes. Decision (pre-selected nodes to participate in the consensus process), other access nodes can participate in transactions, but do not participate in the accounting process (essentially still managed accounting, just become distributed accounting, how many pre-selected nodes, how to determine the number of each block The bookkeeper becomes the main risk point of the blockchain), and anyone else can conduct limited queries through the open API of the blockchain.
Private Blockchain (privateBlockChains)
Private Blockchain: Only uses the general ledger technology of the blockchain for accounting. It can be a company or an individual, and has exclusive access to the writing of the blockchain. With access permissions, this chain is not much different from other distributed storage solutions. (Dec2015) Conservative giants (traditional finance) all want to experiment with private blockchains, while public chain applications such as Bitcoin have been industrialized, and private chain application products are still being explored.

❻ Briefly explain what blockchain is

Blockchain is a database storage system that is distributed around the world and can operate collaboratively.

Different from traditional database operations where read and write permissions are in the hands of a company or a centralized authority (centralized characteristics), blockchain believes that anyone with the ability to set up a server can participate.

Nuggets from all over the world have deployed their own servers locally and connected to the blockchain network to become a node in this distributed database storage system; once added, the node enjoys the same All other nodes have exactly the same rights and obligations (decentralized and distributed characteristics). At the same time, for development on the blockchainThose who serve can perform read and write operations on any node in this system. Finally, all nodes around the world will complete synchronization one after another according to a certain mechanism, thereby achieving complete consistency of the data of all nodes in the blockchain network. .

Extended information

Blockchain is the underlying technology of Bitcoin. It is like a database ledger that records all transaction records. This technology has gradually attracted the attention of the banking and financial industries because of its safety and convenience.

On March 31, 2018, "Blockchain Technology Principles and Development Practice" was officially introduced into university lectures, and the first course was held at the South Campus of Xi'an University of Electronic Science and Technology.

In April 2018, a group of scholars from Oxford University announced the establishment of the world’s first blockchain university, Woolf University. On May 29, a new blockchain function was launched on the network to ensure that entry editing is fair and transparent.

❼ What is Blockchain

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 noCentralized authority to 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