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1. What does blockchain mean and what are its main uses

In recent years, a hot word has appeared frequently on the Internet, and that is "blockchain". This The word gives people a very noble and powerful feeling, but many people don’t know what blockchain means? And what are the main uses of blockchain? Let’s take a look at the relevant content that has been issued.

Blockchain Blockchain is actually equivalent to a disintermediated database, which is composed of a string of rubber data blocks. Each of its data blocks contains information about a Bitcoin network transaction, which is used to verify the validity of the information and generate the next block. In other words, blockchain is essentially a decentralized database.

In a narrow sense, blockchain is a chain data structure that combines data blocks in chronological order and is cryptographically guaranteed. Distributed ledger that cannot be tampered with or forged. Broadly speaking, blockchain is actually a distributed infrastructure and computing method that is used to ensure the security of data transmission and access.

In addition, the blockchain is composed of six infrastructures: data layer, network layer, consensus layer, incentive layer, contract layer and application layer. Regarding its role, blockchain is mainly used to solve the trust and security issues of transactions. The above is the relevant content about the meaning and function of blockchain. I hope it can help friends in need.

2. What exactly is blockchain and what are its uses

Recently, the word "blockchain" has appeared very frequently on the Internet. It can be seen that recently everyone is concerned about The word "blockchain" is very interesting. So what is "blockchain", how to explain "blockchain", and what kind of chain is "blockchain"?

If we want to know what “blockchain” is, we must first start with Satoshi Nakamoto.

In November 2008, Satoshi Nakamoto posted a research report on a secret cryptography review group, describing his new idea for electronic currency-Satoshi Nakamoto proposed : "I believe there is a currency that doesn't rely on credit, and I can't stop myself from thinking about it." Bitcoin was born.

Although we still don’t know who Satoshi Nakamoto is, we all know the famous Bitcoin and the recently popular word “blockchain”.

In professional terms, blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm, etc.

In the original English version of the Bitcoin white paper [2], the word blockchain does not actually appear, but chain of blocks is used. The earliest Chinese translation of the Bitcoin white paper [3]In , chain of blocks is translated into blockchain.

What does it mean in human terms? In layman's terms, blockchain is a decentralized distributed ledger database.

Decentralization means removing the original data center.

Here is an example of decentralization: Alibaba’s servers support Alibaba’s daily data operations, including the Double Eleven that just passed. We were able to smoothly carry out flash sales of goods at zero o’clock. Largely thanks to the support of Alibaba servers.

All data generated by Alibaba’s daily activities are recorded on the server. So what will happen if Alibaba’s server encounters an accident? (For example, Alibaba's server was hit by a meteorite, causing the server to be damaged)

After the server is paralyzed, Alibaba's data will naturally be unable to be restored in time, which will result in Alibaba being unable to maintain daily operations in the short term. operations.

However, after adopting blockchain technology, a piece of data generated by Alibaba due to daily business will not only be recorded on Alibaba’s servers, but also on various servers around the world such as the Internet and Google. In this way, even if Alibaba's servers encounter an accident, it will still not affect Alibaba's operation. The data generated by Alibaba's daily activities will still be recorded on various servers around the world. This is the advantage and benefit brought by blockchain technology.

In other words, Ali's data was only recorded in Ali's server, and Ali's server was the center. Now every server in the world is synchronously recording the business that Ali has done, and Ali's server is the center. It is no longer the only center, this step achieves decentralization. The behavior of servers around the world recording Alibaba data simultaneously is called distributed accounting.

Now that we know what blockchain means, what kind of boundaries can blockchain bring to our lives? What fields may blockchain be used in in the future?

1. Blockchain technology is applied in the medical and health field. For example, Xiao Zhang’s family has a history of hereditary red-green color blindness. Xiao Zhang once went to Hospital A and had his red-green color blindness checked. Now Xiao Zhang is in City B and went to Hospital B for treatment. Now Hospital B can directly treat him in his own hospital. Xiao Zhang’s previous medical treatment status was found in the database, so Hospital B no longer needs to conduct repeated examinations on Xiao Zhang. This greatly saves medical resources for the hospital and saves medical expenses for repeated examinations for Xiao Zhang.

2. Blockchain technology is applied in the field of food safety. Nowadays, everyone is paying attention to food safety, and blockchain technology is applied to the field of food safety to carry out food traceability. First, we can label each vegetable and fruit with its own label, and then record the growth, maturity, pests and diseases of the vegetables and fruits in this label. ThisThe data in each tag can be simultaneously recorded in various data centers around the world through blockchain technology.

On the one hand, when people buy vegetables, they can directly check the growth status of the vegetables. On the other hand, when our country imports and exports vegetables, we can directly check the status of the imported and exported products. No more quarantine required.

3. Is blockchain useful? What impact and prospects does blockchain have?

I believe everyone is no longer unfamiliar with the emerging technology of blockchain, because it is The most popular topic at the moment, many big names in different industries are analyzing its role and prospects. Today we also do some research on blockchain, is it useful and what are the benefits of blockchain? I hope this analysis of the impact and prospects can help everyone.
Is blockchain useful?
1. Banking: As a digital, secure and interference-proof account, blockchain realizes the core function of the banking industry: a safe storage and transfer center of value. In other words, in the next few years, a wave of companies based on blockchain technology may affect the banking industry.
2. Payment and transfer: Blockchain technology can avoid complicated systems and create a more direct payment process between the payer and the payee. Whether it is a domestic transfer or a cross-border transfer, this method has its advantages. Low price, fast, and no intermediate handling fees.
3. Network security: Although the blockchain system is public, its verification, sending and other data exchange processes use advanced encryption technology. This technology not only ensures the correct source of data, but also ensures that the data is not intercepted during the process. If blockchain technology is more widely used, the probability of being attacked by hackers may also decrease, so people believe that blockchain systems are more stable than traditional systems. One of the reasons why blockchain systems can reduce traditional network security risks is that they eliminate the need for middlemen.
4. Election: Everyone's vote "can never be modified or deleted by us - programmers, school administrators or students."
5. Smart contract: Smart contracts are actually on another object. A computer program that performs functions on the go. Like ordinary computer programs, smart contracts are also an "if-then" function, but blockchain technology enables the automatic filling of these "contracts" without manual intervention. Such contracts may eventually replace the legal merger industry's core business of drafting and managing contracts in both commercial and civil areas.
6. Stock trading: For many years, companies have been trying to simplify the process of buying, selling and trading stocks. Emerging blockchain technology startups believe they can go beyond the past, automating the entire process, improving security and efficiency.
What impact and prospects does blockchain have?
1. The dual impact of bringing wealth and risk:
The difference between blockchain technology and traditional Internet technology is that it chooses the high-risk financial industry as the entry point, but the financial field is full of Areas with many obstacles. Such a straightDirect entry has a dual impact: on the one hand, it can bring wealth effects to entrepreneurs relatively quickly; on the other hand, various risks will also come directly and violently.
2. Improve efficiency and reduce costs:
For physical finance, blockchain can maintain the fidelity in the process of transmitting information, such as personal credit information and other data, thereby avoiding many transaction costs and enabling large-scale Improve efficiency, this is the positive meaning it brings.
3. Control financial risks early and small:
Blockchain is cooperating with the innovation of digital currency, preventing over-insurance in the insurance industry, over-lending in bank mutual funds loans, and the integration of supply chain finance. , promote electronic identity recognition, etc., applicable to many industries and fields. In terms of financial security, many companies have also cooperated with regulatory authorities to build regulatory technology systems to help regulatory authorities monitor and provide early warning for the risks of Internet financial companies, so as to control financial risks early and at an early stage.
4. The owner of the data should be the user himself:
Blockchain is a technology worthy of attention, and it has relevant layouts in its own business and investment. Bitcoin and other electronic currencies are applications based on blockchain technology. They have certain currency functions and have certain use value. However, the main problem now is that the gap between the use value and the transaction price is too big. . ICO is a financing business model.
5. The darkest stage contains the most opportunities:
The darkest stage often contains the most opportunities. The application of blockchain is far more than just monetary and financial. For example, big data can be applied to the entire medical industry in the future. health field. If medical records and diagnosis data are shared to all different medical systems through the big data blockchain, the efficiency of treating diseases and saving lives can be greatly improved.
The editor believes that the correct development prospect of blockchain is to "talk less about financial innovation, focus more on financial security, focus more on inclusive finance, and do more on medical care, health, and environmental protection."
The above is the blockchain brought to you by the editor. Is it useful? What impact and prospects does blockchain have? of the entire content.

4. What is the role of nodes in blockchain technology

When the supply chain meets the blockchain, the supply chain will become more transparent and large-scale collaboration will become more easy. Improving supply chain traceability and security can make our economy safer and more reliable by promoting trust and honesty, and preventing the implementation of questionable practices. In the future, Jinwowo will focus on promoting the legal circulation and commercial application of big data using blockchain technology.

5. What are super nodes and nodes in the blockchain, and what are they used for?

There are many discussions on who can be selected as an EOS super node. So, what exactly is an EOS super node, why should we run for election, and what are the criteria for running?
EOS can be understood as Enterprise
Operation
System, which is a blockchain operating system designed for commercial distributed applications. It's not like Bitcoin andEthereum is a currency, but a token based on the EOS.IO software project.
As for the most critical consensus mechanism, EOS uses the DPOS (Delegated Proof of Stake) consensus mechanism, which creates blocks by trusted accounts (trustees, top 21 votes) elected by the community. , which is characterized by short block generation time, high efficiency, and almost no forks. This is a bit like a joint-stock company. Ordinary shareholders cannot join the board of directors and must vote for representatives (trustees) to make decisions for them.
Nodes are the basis for building the EOS network. The above 21 trusted accounts are the EOS super nodes (there are 100 backup nodes at the same time), and they generate all block records of the EOS network. In other words, the reason why EOS wants to run for super nodes is determined by the DPOS consensus mechanism.
The development of EOS requires 21 super nodes to provide computing and bandwidth support for the entire network. Each super node has organized its own EOS community, which will also introduce people, money, and materials into the development of EOS. Super nodes It will also compete for development like real cities.
According to relevant information, the founder of Big
one, Lao Mao, EOS Alliance, EOS Gravity Zone, Prince Gong and others have all joined the election of EOS super nodes. In this case, there must be a correlation of interests between super nodes and EOS. It is understood that in addition to mining income, EOS will distribute an additional 5% to these super nodes every year. Each node can earn approximately
2.38
million
EOS per year. Moreover, if EOS subverts ETH after the mainnet goes online in June, the price will skyrocket dozens or even hundreds of times. This is undoubtedly very tempting.

6. What is the relationship between nodes and blockchain?

I have used a lot of Internet, but Zhongyi Group said it is easy to understand. Teach you to use mathematical knowledge to understand (nodes are points, blocks are lines, and blockchains are surfaces). Nodes are the basic units for processing information in blockchain application technology. After many nodes process information, they will be marked Timestamp, generate data blocks, and connect the blocks in chronological order to form a blockchain.

7. What are nodes in blockchain technology?

Nodes are where blocks are connected, and blocks need to be chained to be useful.
The core analysis:
1. Transparency, 2. Openness, 3. Information cannot be tampered with, 4. Decentralization,
5. Detailed analysis.
Blockchain is a new application model of computer technologies 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.
1. In a narrow sense, blockchain is a chain data structure that combines data blocks in a sequential manner in chronological order,
and is cryptographically guaranteed to be irreversible. tampering and notForgeable distributed ledger.
2. Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, and uses cryptography to ensure data transmission and access. A new distributed infrastructure and computing method that securely uses smart contracts composed of automated script codes to program and operate data.