布比区块链发行的币,区块链布比有上涨价值么?

❶ Who will control the development direction of global blockchain technology

The development of blockchain? Now is an era where technology drives financial development. The driving factors of technology have evolved from the earliest Internet information to big data, cloud computing, and mobile Internet in recent years. However, technological innovation is never-ending, and blockchain, as a technological driving force, has shown a vigorous development trend.

As a blockchain with the concept of decentralization and distributed shared accounting technology as its core, it will be embedded in many aspects of the financial field in the future, such as credit enhancement, rights confirmation, equity registration, financial trade, Digital assets, etc. Blockchain is still in the initial stage of development. Whether it is a large institution or a small company, it is still on the path of exploration. As a distributed shared accounting technology, blockchain, the latest and most cutting-edge technology in the field of financial technology, allows participating parties to establish trusting relationships at the technical level in a larger sense. At present, this technology has a lot of room for imagination whether it is used in equity registration, rights confirmation, clearing and settlement in the financial field, or in the field of logistics and traceability of product verification. Bubi Blockchain pointed out that at present, more of Bubi’s technologies are focused on commercial-grade blockchain technology support services, which specifically include three fields. First, the field of digital assets, in addition to common points and check-in cards, it also includes other data. The second is the field of trade finance; the third is the field of equity to improve the convenience of equity transactions.

The development history of blockchain? Blockchain will bring a new revolution in asset confirmation in the future. "The first generation of Internet information solved the problem of free transmission of information, but it did not solve the problems of decentralization and asset ownership." This problem cannot be underestimated. At the capital market level, if any technology can transform things whose property rights were originally uncertain, Once property rights are clarified, it will be a huge change for the entire market. In addition, blockchain will also lead to huge changes in the field of credit enhancement. It is reported that China currently has about 700 million Internet users. "If every Internet user can increase their credit limit by tens of thousands of dollars through blockchain technology, then the increased credit limit nationwide will be trillions, and it will be proven at the blockchain level that all your credit is in the global Universal." Three things will happen in Internet finance in the future. First, a good matching model between the asset side and the liability side; second, intelligent investment with follow-up investment and suggestion and notification as the two main modes; third, , blockchain.
“The blockchain model as a foundation rather than a business model will solve a large number of credit reporting problems. The largest blockchain market in the next 3 to 5 years should be in China.”

Introduction to Bubi Blockchain

Bubi Blockchain has been focusing on the research and development and innovation of blockchain technology and products since its establishment. It has a number of core technologies and has achieved substantial results in many aspects. Radical innovation has resulted in a number of core technological achievements, such as mathematically provable distributed consensus technology, fast large-scale ledger access technology, and multi-chain general ledger technology that supports business expansion., interconnection technology between heterogeneous blockchains, etc. On April 25, "Gege Points" introduced the concept of blockchain into the points system, jointly opened it up with multiple parties, issued and redeemed points, and promoted the circulation of points. Each cooperative institution can jointly participate in transaction verification, ledger storage, and real-time settlement; the third-party payment platform of the enterprise points issuer makes the entry and exit of points more flexible. Bubi has developed its own basic blockchain service platform, which has been applied in equity, supply chain, points, credit and other fields. Bubi has been committed to building an open value circulation network with decentralized trust as the core, allowing digital assets to flow freely.

Does blockchain solve any problems?

The most important thing about blockchain is that it solves the problem of intermediary credit. In the past, it was difficult for two people who did not know and trust each other to achieve collaboration, and they had to rely on a third party. For example, in payment behavior, any kind of transfer in the past required the existence of an institution such as a bank or Alipay. However, through blockchain technology, Bitcoin is the first time that humans have realized the transfer behavior that both parties can trust without the participation of any intermediary agency. This is a major breakthrough for blockchain.

The development of blockchain? Blockchain development history?

Blockchain technology is the underlying technology of Bitcoin. In the early days, not many people paid attention to the underlying technology of Bitcoin. But when Bitcoin is operated and managed without any centralized organization, it has been running very stably for many years without any problems. Therefore, many people have noticed that the underlying technology may have a large mechanism, and it may not only be used in Bitcoin, but may be applied in many fields. So the Bitcoin technology was abstracted and called blockchain technology, or distributed ledger technology. So from a certain perspective, Bitcoin can be seen as the first application of blockchain, and blockchain is more similar to underlying technologies such as TCP/IP, which will expand to more and more industries in the future.

❷ Advantages of Blockchain Technology Classification of Blockchain Technology

The development of Blockchain technology is becoming more and more prosperous with the continuous expansion of applications. This kind of technology comes from various The strong development momentum of industry demand has brought about rapid changes in blockchain technology, which has attracted more and more attention to the achievements of various industries. From professional technology to resources, they are constantly concentrated in this industry, thus making blockchain technology more and more popular. The development of blockchain technology has entered a new stage, and the impact brought by the development of this blockchain technology has also attracted much attention.

When talking about blockchain technology, Bitcoin has to be mentioned. Many people know that the electronic currency Bitcoin does not rely on the issuance of a specific monetary institution, but is generated through a large number of calculations by a specific algorithm. In fact, the core that truly supports Bitcoin is blockchain technology.

How does the invisible and intangible Bitcoin operate through blockchain technology? The interpretation circulated in the industry is that blockchain can be regarded as a method of "decentralization" and "loss of trust".method, a technical solution for collectively maintaining reliable databases. In layman’s terms, this technology can be understood as a technology in which everyone participates in accounting. In the past, people used centralized servers to keep accounts, but in the blockchain technology system, everyone can participate in accounting and jointly identify Authenticity of records.

“Through this technology, even if there is no neutral third-party organization, two parties that do not trust each other can achieve cooperation. In short, the blockchain is like a ‘machine that creates trust’. "Bubi Company is a leading blockchain service provider in China. It has made many breakthroughs in the blockchain technology platform, can meet scenarios with tens of millions of users, and has the ability to quickly build upper-layer application businesses.

The blockchain technology used by all parties involved in recording and storing information adopts a decentralized distributed structure, which saves a lot of intermediary costs and can better ensure data security; at the same time, it cannot be tampered with Timestamps can effectively solve problems such as data tracking and information anti-counterfeiting.

Will it become the next trend of Internet finance?

Although blockchain emerged with Bitcoin, the derived value of this technology has transcended digital currency. Bubi Blockchain focuses on the innovation of blockchain technology and products. It already possesses a number of core technologies and has developed its own blockchain service platform. With decentralized trust as the core, we are committed to building an open value circulation network to allow digital assets to flow freely. What Bubi wants to do is to create a new technology and product - to realize real value circulation and bring the Internet to a new level. With the application of this technology, there will be no central organization when transferring assets, and direct transfer of assets between us can be achieved.

In the current international financial market, the U.S. Central Bank, Swiss Bank, and some insurance and futures companies are all competing to develop blockchain technology. Fang Liang introduced that in the Internet financial industry, blockchain technology will first affect financial infrastructure such as payment systems, securities settlement systems, and transaction databases; later, the technology will also expand to general financial services, such as credit systems and "anti-money laundering" "wait.

“The payment and clearing system in the financial field will evolve towards decentralization. The electronic ledger supported by blockchain technology is a reliable system that is error-free and cannot be tampered with. Quan and others have a profound impact." Li Yan said.

Therefore, industry insiders believe that blockchain technology may be the next trend in the Internet financial industry. As the interconnection of all things deepens, Yang Tao, assistant director of the Institute of Finance, Chinese Academy of Social Sciences, also said that blockchain will make it possible for all individuals to become important nodes in the allocation of financial resources, and will also promote the improvement of existing financial system rules. Build a shared and win-win financial development ecosystem.

Blockchain technology will affect many industries

“Blockchain technology has extensive applications in the era of big data.” Li Yan said frankly that in addition toIn the field of Internet finance, blockchain technology has been applied in many fields and has shown great prospects.

For example, the healthcare industry has benefited greatly from blockchain technology. In reality, patient private information leaks often occur, and centralized database or file cabinet management in medical departments is no longer the optimal choice. Medical institutions are using blockchain technology to keep patients' private information confidential.

In addition, blockchain technology also has important legal implications. In some civil fields, it is often necessary to provide evidence to determine blame, and blockchain technology can record every step and help judicial authorities identify the specific responsible person.

“Especially in the field of assets, whether it is physical assets such as real estate and cars, or intangible assets such as health and reputation, this technology can be used to complete registration, transactions, and tracking. It can be said that any lack of Blockchain technology will be useful in all areas of trustful production and life."

The development of blockchain technology has also brought about changes in the operational concepts of various industries. New technologies and new concepts have promoted The new development of various industries, the impact of this driving force on society, and the promotion of economic activities are also huge. Many new industry phenomena will occur one after another, and the public is also waiting to see, expecting this brand-new technology to be used by various industries. Better benefit all industries.

❸ Alibaba and Tencent fell out of the top ten Internet centers but bucked the trend and moved into the top four

After a rush in 2018, blockchain patents in the first half of 2019 Application is somewhat cooling.

An inter-chain pulse query on the innojoy patent platform showed that the number of blockchain patent applications in China in the first half of 2019 was 909, which was only 16.2% of the 5,606 applications in the whole of last year.

It is worth noting that although Alibaba still occupies the first position in the total number of blockchain patents, it has ranked outside the 10th place in terms of new blockchain patent applications in the first half of 2019. Xunlei Group’s Netcenter Technology jumped into fourth place.

Patent indicators have multiple meanings for blockchain companies, such as investment in R&D, quality of talents, emphasis on innovation, etc. From this, you can understand the other side of blockchain development.

Industry technology investment is cooling down?

Regardless of China or foreign countries, the number of blockchain-related patent applications fell off a cliff in the first half of 2019.

Interchain Pulse searched for the keyword "blockchain" through the patent query system innojoy. Half of 2019 has passed, and the number of blockchain patent applications is only 909, which is 16.2% of last year. It can be expected , this year it will be difficult to reach the number in 2018.

The situation in other global markets is not optimistic either. Searching for "blockchain", there were only 158 patent applications in the first half of this year, accounting for only 7% of last year's total..

This decline is caused, on the one hand, because the development of blockchain technology may have entered a plateau period, and the patent layout in the blockchain field has entered the final stage, and all patents in this application have been applied for. , naturally reducing investment; on the other hand, the effectiveness of blockchain implementation is insufficient and no short-term effects can be seen. Enterprises that use KPIs as assessment targets naturally reduce blockchain investment; finally, it may be due to market reasons. In the second half of 2018, The price collapse of crypto assets in half a year has affected the financing, production and other activities of block companies, which in turn has affected patent applications.

Where have Alibaba and Tencent gone?

The most surprising thing is that Alibaba was not so "progressive" in terms of blockchain patents in 2019. He won the "championship" for two consecutive years in 2017 and 2018, but he was missing from the top ten this year.

According to data obtained by interlink pulse query innojoy, Alibaba Group applied for 12 patents in the first half of 2019, ranking only 12th.

In addition, Tencent, another major Internet company, has also significantly slowed down the pace of blockchain research and development. There were only 7 related patent applications in the first half of the year, ranking 22nd.

In the first half of the year, China Unicom had the largest number of applications, with 50 applications. Ping An Technology, Complex Beauty, Wangxin Technology, and Network ranked 2-5 with 27, 25, 23, and 20 applications respectively.

Similar to the previous two years, there are two native blockchain companies in the top ten - Complex Beauty and Qulian Technology.

The evolution of China’s top ten blockchain patents

Native blockchain companies initially occupied a dominant position in related patents.

In 2015, China’s blockchain patent applications began to take off, with a total of 30 applications. The earliest batch of native blockchain companies have become the main force in blockchain patent applications. Bubi Blockchain, established in 2015, has applied for 8 related patents.

In 2016, the world continues to be dominated by native blockchain companies. In addition to Bubi Blockchain, there are also Hangzhou Yunxiang Blockchain, Hangzhou Complex Beauty, Beijing Tiande Technology, and Beijing Zhongxiang Bit Technology. Batch blockchain patent applications. The number of blockchain patent applications jumped to 470 that year.

It is worth noting that in 2016, Internet and financial technology companies joined the research on blockchain. The patent applications of Alibaba (7 cases) and China UnionPay (8 cases) showed that they are in the region. Blockchain business layout.

In 2017, more companies and organizations joined in blockchain research, and the number of patent applications that year was 1,478, more than three times that of 2016. In that year, Alibaba’s number of blockchain patent applications exploded (57), becoming the number one blockchain patent application.

PassLooking at the patent list that year, we can see that a group of traditional large companies have poured into blockchain research, including Tencent, China Merchants Bank, China Unicom, Inspur Technology, Dianrong, etc., which all applied for more than 10 blockchain patents that year. . However, native blockchain companies such as Zhonglian, VeChain, Ouluian, Qulian, etc. all ranked in the top ten in terms of patent applications that year.

In 2018, the number of blockchain patent applications was as high as 5,606. Traditional technology companies are accelerating their deployment in the blockchain field. Ping An Technology, Internet, Tencent, ZhongAn and Xunlei Group's Netcenter Technology entered the top ten in terms of patent applications that year, squeezing out native blockchain companies. Among the top ten, there are only two native blockchain companies, Complex America and Zhonglian.

Traditional technology companies and financial companies have advantages in technology, talent, and market, and most of them are trying to seize the market for blockchain patents.

The three poles of blockchain

As of the end of the first half of 2019, the number of blockchain applications in China exceeded 8,440. Alibaba still tops the list with 257 items. Complex Beauty and Zhonglian Technology are two native blockchain companies.

Interchain Pulse selected the top 30 companies with the highest number of blockchain patent applications and further subdivided them into Internet companies, financial technology companies, and blockchain companies according to their fields. companies, communication companies, Internet of Things companies, universities and computer companies.

Currently there is a situation of "three parts of the world". The top 30 companies have applied for a total of 2,431 blockchain patents. Among them, Internet companies applied for 722 patents, accounting for 29.66%, including Alibaba, Internet, Tencent, Netcenter Technology, etc.; followed by blockchain companies, applied for 547 patents, accounting for 22.5%, including Complex Beauty , Zhonglian, Yunxiang, Ouluan, etc.; fintech applied for 541 applications, accounting for 22.2%, including Ping An Technology, Dianrong.com, Taikang Life, WeBank, etc.

The regional distribution of the top 30 blockchain patents also shows a trend of one-third of the world. Companies registered in Beijing applied for 845 patents, accounting for 34.7%, including China Unicom, China Network, Zhonglian, Qihoo, etc.; companies registered in Shenzhen applied for 830 patents, accounting for 34.1%, including Ping An Group, Tencent, Wangxin Technology, Launch Technology, etc.; there were 510 applications from companies registered in Hangzhou, accounting for 21%, including Alibaba, Complex Beauty, Yunxiang, Miyuan, etc. The performance of blockchain company clusters such as Guangzhou and Shanghai is not outstanding.

❹ Development of Blockchain Technology

Blockchain technology has many applications in finance, and many Characteristics give the financial industry a lot of room for imagination in the future.

For singleAs far as a (domestic) central bank is concerned, Bitcoin can be regarded as a "foreign exchange currency" and Bitcoin will not be affected by the central bank's monetary policy. From this perspective, Bitcoin is bound to bring about so-called currency competition. American tourists will more or less encounter the experience of exchanging foreign currency at unofficial exchange rates when traveling abroad. The original intention of locals to exchange dollars may be to avoid the impact of high inflation (inflation tax).

If this kind of exchange can be "promoted and widely used", the government's use of inflation taxes to increase fiscal revenue will inevitably be restricted, and the traditional foreign exchange controls in the past will also lose considerable effect. As long as there is an Internet or a phone, people can use digital currency as a medium of exchange.

Challenging the global currency status

Although Bitcoin is unlikely to replace the world’s major currencies in the short term, Bitcoin still has the opportunity to play a dominant role in some specific occasions. effect. The status of the U.S. dollar is obvious to many countries around the world, but liabilities under U.S. dollar-denominated deposits created by foreign banks have raised jurisdictional issues. If U.S. banks further offer Bitcoin-denominated loans and accept redemptions in Bitcoin, how should regulators respond? In fact, there are already similar signs in today's euro-dollar market.

In other words, in times of financial crisis, if the market wants Bitcoin deposits instead of U.S. dollar deposits, then the central bank’s “lender of last resort” status in the traditional sense will be completely lost.

Acting as safe-haven assets

Safe-haven assets do not mean risk-free assets, but refer to those assets that investors are willing to pour into during times of crisis. In the 1970s, real estate was a safe-haven asset; and after entering the 21st century, U.S. debt became a safe-haven asset. Could Bitcoin become the next key safe-haven asset? The answer may be yes or no. But looking back on CUF’s dominance in Hungarian mortgage loans during the previous Eurozone crisis, Bitcoin clearly has a chance to become famous: in the context of US dollar-denominated inflation and Bitcoin-denominated deflation, because the Federal Reserve cannot expand the supply of Bitcoin to the US dollar/ The Bitcoin exchange rate will plummet.

Function of securities

Under a perfect macroeconomic model, securities transactions should be seamless. However, under the influence of monetary policy, the current liquidity of OTC bond trading is very poor. Even the most liquid ten-year U.S. bond has experienced liquidity problems. Demand for high-quality collateral (usually Treasury bonds) surged as a result. If blockchain technology matures enough, it is likely to bring billions of dollars of collateral supply to the market. Of course, cooling demand for government bonds may lead to an increase in interest rates.

Maintain financial market stability?

There is a view that the use of blockchain will lead to the withdrawal of global central banks from the stage of history. This possibility naturally exists, butIn the short term, this is not very realistic - the central bank's complete retreat into the background requires many hard assets such as real estate and human capital to find liquidity carriers/media.

There is also a view that blockchain technology will make the financial market completely transparent, thereby bringing about a more robust financial system. It should be noted, however, that the mainstream Diamond and Davidger bank run models do not rely on the opacity of financial markets. In theory, a bank's investment portfolio is completely transparent. But even so, unexpected large-scale redemptions can still cause problems for the financial system.

Central Bank’s Digital Currency/Cash

The current currency and payment architecture were formed before the birth of the Internet. The world has changed dramatically, so people have to learn to adapt, and there is no reason to reject the possibility of central banks offering digital currencies. Before Bitcoin, the U.S. Treasury had provided an online digital bond account. Although this kind of account was not used for the payment system, it was theoretically fully applicable.

A central bank’s digital account has many advantages. First, depositors no longer need deposit insurance because there is no risk of default by the central bank; second, money managers who hold large amounts of funds can choose central bank accounts for overnight deposits instead of shadow banks; third, the cost of paper money supply will be completely eliminated Fourth, it will be very convenient for the central bank to pay interest to depositors, which will facilitate the transmission of the central bank's monetary policy.

Real-life applications

Bubi Blockchain has made many breakthroughs in the technology platform, which can meet the needs of tens of millions of users and has the ability to quickly build upper-layer application businesses. Ability. Bubi blockchain has been used in equity, supply chain, points and other fields, and is conducting trials and application tests with exchanges and banks. Shubei wallet has been recently launched as a points application on the Bubi blockchain platform. Sunshine Insurance, as the first large financial institution in China, issues blockchain points (Sunshine Bei) on the platform. The application of chain technology in various industries is a good example.

Blockchain technology will definitely have a profound impact on the financial industry and have an important impact in the long term. People will witness the profound changes it causes in reality one by one.

❺ Can anyone tell me how blockchain games work? Describe blockchain games in the most concise and clear language.

Blockchain games mainly refer to game-type blockchain applications in Dapps, which require a certain degree of interaction with various public blockchain chains. Blockchain games have gradually emerged since November 2017, and their development history is extremely short. Compared with mature games, the current gameplay is also quite simple. In the eyes of industry insiders, many games are even just money trays wrapped in game garb.
According to the classification of Cryptogames, among the currently online blockchain games, hot potato, collection trading, spinach and ponzi are the most important ones.Gameplay. The largest number of games belong to the hot potato category, including two recent popular games of this type - CryptoCelebrities (encrypted celebrities) and CryptoCountries (encrypted world). There are 35 models in the collection and transaction category, ranking second, with the main representative being CryptoKitties. There are 17 models in the spinach and ponzi category, ranking third. The star products are EtherRoll and Etheremon respectively.
The themes used in blockchain games are also diverse, ranging from cats, dogs, dragons, pigs and other animals, to people, cars, countries, teams and other themes.
Blockchain game 1.0 era
Time: November to December 2017
Main gameplay: collection + transaction
Representative works: CryptoKitties, CryptoPunks
Blockchain technology Give players’ digital assets uniqueness. This gradually gave rise to the concept of NFT (non-fungible tokens, non-fungible tokens). The uniqueness and scarcity of people's assets in blockchain games will not change with the game itself. The first to apply this concept was CryptoPunks launched by LarvaLabs in June 2017. The system randomly generates 10,000 punk avatars, puts them on Ethereum through smart contracts, and distributes them to players for free for players to trade.
When Axiom Zen studio added attributes, reproduction and auction functions on the basis of NFT, Cryptokitties was born. People can buy kittens with different attributes, "breed" them with other cats, or sell their own cats through a Dutch auction. Kittens with rare and unique genes are highly sought after and fetch considerable premiums.
People continued to develop on the basis of Cryptokitties, adding accessories and combat functions, and also added gameplay methods such as digging for gold, feeding, and grabbing treasures.
Blockchain Game 2.0 Era
Time: December 2017 to January 2018
Main gameplay: Ponzi-like
Masterpiece: Etheremon
At the beginning, Etheremon The gameplay is very simple and crude at the beginning. After the player buys a certain pet, as long as someone buys the same pet later, the player can get a small part of the eth reward. The game team quickly made a profit of about 2,000 ETH within a week. Then the gameplay was completely changed and successfully transformed into a collection + combat game. This Ponzi-like gameplay was quickly imitated by other manufacturers, and many imitators such as ether cars and ethertanks appeared.
Blockchain Game 3.0 Era
Time: January 2018
Main gameplay: fixed selling price, forced price increase hot potato mode
Representative works: CryptoCelebrities, CryptoCountries
Players purchase crypto celebrities (Satoshi Nakamoto, Musk, etc.) and crypto countries (Japan, the United States, etc.). Due to the uniqueness of the assets, subsequent players can only use more The high price is purchased from asset owners, the price is forced to increase, and the platform earns part of the price difference. Currently, the country with the highest price is Japan, which is about more than 700 ETH. The most expensive celebrity is Elon Musk, who is "worth" about 200 ETH.
Blockchain Game 4.0 Era
Time: February 2018
Main gameplay: combination of multiple mechanisms
Representative works: World.Mycollect, Cryptocities
Adopted in the game Multi-level sales and sharing, player exploration (randomness), lottery, resource uniqueness and other gameplay methods. For example, in Cryptocities, players can purchase countries, continents, and worlds to “conquer.” Players who conquer the world can get 1% tax on the continent and country's transaction volume, and players who conquer the continent can get 1% tax on the country's transaction volume. Players who conquer a country will receive 1% tax on the transaction volume of their subordinate cities in the future. When players explore new cities, they have a chance to discover gems. Obtaining gems can earn ETH rewards.
At the same time, spinach games also emerged. The high transparency of blockchains makes it easier for them to gain the trust of investors. The more famous ones are Etheroll and Vdice. The gameplay is simple and crude. Players spend a certain amount of ETH to bet on a certain number. When the number randomly generated by the system is smaller than the number, they can get profits.
In addition, there are RPG (EtherCraft), fighting games (Etherbots) and two-dimensional (Ether Cute King), etc.
2
Advantages and Disadvantages of Blockchain Games
Looking at these successful cases, we find that blockchain games do have unique advantages:
Higher trust: Trust is quickly established through open source contracts, the usage process is completely transparent, and the information is completely symmetrical. Fairness: The data cannot be tampered with and the rules never change. Assets belong to the players personally: Player assets will not be lost as the game declines. Has strong community attributes: The blockchain itself has strong transaction and community attributes.
Of course, the current blockchain game is also in its infancy, with obvious shortcomings:
Inability to interact in time: blockchain transactions have uncertain waiting times and the possibility of congestion, making it difficult to win among players. timely interaction. The cost of sending instructions is high: each time you send an instruction, you need to consume GAS, and the price of ETH still makes the GAS fee relatively high. Immature development environment: At present, Ethereum’s virtual machine and programming language Solidity are already the most mature development environments among many public chains. But its sumOther popular languages ​​are still very immature in comparison.
3
Gamification will boost the implementation of blockchain
In traditional desktop online games, manufacturers continue to incentivize new players, leading to inflation. The actual value of all assets in a game account is often Far less than the player's investment. After the emergence of mobile games, the model of binding items to accounts and accounts to ID cards quickly became popular. This also makes it necessary for players to give up all virtual assets in the game once they decide to leave a game. The emergence and continuous maturity of blockchain technology will make the decentralized formulation of game rules and the decentralized storage of virtual assets technically feasible. The convenience of putting virtual assets on the chain also makes it easier to implement blockchain in game scenarios.
Cryptogames believes that the development direction of blockchain games, or the development direction of classic games (just like basketball, football and chess, once the rules are determined, they will last forever) must be "decentralization" ":
The rules are negotiated and determined by the players. Players supervise each other to ensure that the game is played according to the rules. All props used in the game are owned by each player. Anyone who breaks the rules or is not happy with the game can just leave the game itself. There is a centralized organizer
The popularity of CryptoKitties has greatly promoted private wallets. As an early blockchain application, blockchain games have rapidly promoted the popularity of blockchain. Similarly, it is developed using game development experience and game design concepts

❻ Give an example of what blockchain is

Question 1: What is blockchain technology? What exactly is blockchain? What is blockchain? 1. Data blockchain is an important concept in the Bitcoin financial system. It records transaction record data on the entire Bitcoin network, and these data are shared by all Bitcoin nodes. Through the data block, we can query each transaction record. A look at the history of Bitcoin transactions. 2. Example: There are three persons A, B, and C. All funds of A and B are kept by C. And every financial transaction must be recorded by C. Now assume that A and B each have 1 million in custody of C. Then: A spends 80,000 yuan to B, then C's account book record will subtract 80,000 yuan from A's name, and add 80,000 yuan to B's name. If B transfers 50,000 yuan to A, C will add 50,000 yuan to A's name and subtract 50,000 yuan to B's name in the account book. A spends 50,000 yuan to B, then C's account book record will subtract 50,000 yuan from A's name, and add 50,000 yuan to B's name. 3. The role of the data blockchain is similar to that of C’s account record book. It records the user’s ownership of Bitcoin and the records of all users’ Bitcoin transactions. It’s just that this “account record book” is recorded by the mining software of every Bitcoin miner on the network. If a Bitcoin transaction is confirmed by the data blockchain, the relevant information will be recorded in the data blockchain. Bitcoin’s “account record book” is called the data blockchain. All data blockchains on the network are composed ofBitcoin's distributed network database system. 4. The essence of data blockchain technology is a decentralized and distributed structure of data storage, transmission and certification methods. It uses data blocks to replace the current Internet's dependence on central servers, so that all data changes or transaction items are recorded. On a cloud system, the self-certification of data during data transmission is theoretically realized. In a far-reaching sense, this transcends the traditional and conventional information verification paradigm that relies on a center and reduces the cost of establishing global "credit." This point-to-point verification will produce a "basic protocol", which is a new form of distributed artificial intelligence and will establish a new interface and shared interface between human brain intelligence and machine intelligence.

Question 2: What is the transaction process of the blockchain? Best to give an example 20 points 1. Definition
Blockchain is like an open network ledger. It originated from Bitcoin and is the underlying technology of Bitcoin. In a Bitcoin transaction, all the information recorded in the transaction is packaged into a "Block" for storage. With the expansion of information exchange, blocks are linked to each other, forming a blockchain.
2. Characteristics
Digital currency represented by Bitcoin is a peer-to-peer electronic cash system. Among them, each transaction will be broadcast to all participants in the network, and will be recorded in the ledger after multiple confirmations. This ledger is the "blockchain". Each participant will have his own ledger. In this way, when false information occurs, it can be broken through mutual verification, thereby ensuring network security.
In the blockchain, every node is equal, and there is no centralized management organization. This "decentralization" feature makes the blockchain unnecessary to rely on third parties, and its operation does not require any human effort. intervention, capable of independent self-validation. In addition, the blockchain network is open to the world, and anyone can query data through the public port, so the entire system is highly transparent.
3. Application
In short, the blockchain is a trusted database and a reliable "ledger". In the future, it will be used in cross-border payments, securities, loans, voting, etc. For example, in cross-border payments, with the security provided by blockchain, money can be sent to the world anytime and anywhere, thus eliminating many intermediate links and high handling fees.

Question 3: What is blockchain? What does it mean in layman’s terms? What is China’s attitude towards blockchain? What can blockchain do? Blockchain, a great technology that accompanied the birth of Bitcoin, is currently being used in the financial field to significantly reduce transaction costs and improve efficiency, which is enough to excite Wall Street. However, this is just the tip of the iceberg. Its potential applications are very broad and will subvert every aspect of our lives in the future.
Blockchain is an important concept of Bitcoin. It is essentially a decentralized database and serves as the underlying technology of Bitcoin. One of the most basic characteristics of Bitcoin is decentralization. In recent months, financial giants have gradually begun to pay attention to Bitcoin's technology and used it in non-monetary fields, such as stock trading, election voting, etc. (1) Art Industry
Artists can use blockchain technology to declare ownership and issue numberable, 100% edition works in digital form for any type of artwork. It even includes a marketplace where artists can buy and sell through their website without the need for any intermediary services.
(2), Real estate industry
Use blockchain technology to solve various problems faced by everyone involved in real estate, including the naming process, land registration, agency intermediaries, etc.
(3), Insurance Industry
The financial industry has always been the most sensitive to advanced technology. Traditional banking and securities industry giants have been involved in the booming blockchain venture capital investment since 2014, with total global investment reaching US$1 billion within two years.
(4) P2P wallet
Personal assets can be traded through this P2P wallet in the future without going through any central institution, such as Bitcoin.
Most blockchains are in their infancy, mainly overseas. There are very few good domestic blockchain projects, so it is not recommended for any non-professionals to invest in blockchain projects. If you are very interested in blockchain technology and have a technical or financial background, it is recommended that you consider starting a business in this area. In terms of the blockchain protocol system, the lowest layer is the underlying technology of the blockchain, including the technical protocols of the blockchain, as well as some platform routing and basic algorithms; in the middle layer, some application interfaces and some credentials must be solved Issuance and verification, including some industry platform services, big data analysis, etc. This is a very rough classification, and there should be more detailed classifications; the top ones are some applications of blockchain, including finance Some applications and some applications in other aspects, the Internet of Things and so on.
Introduction to Bubi Blockchain
Bubi Blockchain has been focusing on the research and development and innovation of blockchain technology and products since its establishment. It has a number of core technologies and has achieved substantial results in many aspects. Radical innovation has resulted in a number of core technological achievements, such as: mathematically provable distributed consensus technology, fast large-scale ledger access technology, multi-chain general ledger technology that supports business expansion, and interconnection technology between heterogeneous blockchains. wait. On April 25, "Gege Points" introduced the concept of blockchain into the points system, jointly opened it up with multiple parties, issued and redeemed points, and promoted the circulation of points. Each cooperative institution can jointly participate in transaction verification, ledger storage, and real-time settlement; the third-party payment platform of the enterprise points issuer makes the entry and exit of points more flexible. Bubi has developed its own basic blockchain service platform, which has been used in equity, supply chain, points, and credit.applications in other fields. Bubi has been committed to building an open value circulation network with decentralized trust as the core, allowing digital assets to flow freely.
A simple understanding of blockchain is a technology at the bottom of Bitcoin, which is also a peer-to-peer electronic cash system that can realize peer-to-peer value delivery. We should distinguish between Bitcoin, Bitcoin blockchain, blockchain and blockchain. Blockchain technology and other concepts. In countries with relatively developed finance in the past, finance and blockchain technology have a long history, and the legislation of digital currencies and blockchain networks is also very important. With the advent of the financial era, large financial institutions are studying blockchain technology. They have their own teams and conceptual technologies. Slowly, banks in various regions are also participating in digital currency discussions. The application and support of this technology are not only that. The influence of blockchain on enterprises is also huge. For larger domestic enterprises, Bubi Blockchain is also used in various equity, supply chain, points and other fields. Major domestic financial institutions and enterprises have taken a fancy to the new industry. value, they have developed their own blockchain platforms, and blockchain has instantly become a new innovative industry in China. In terms of overseas internationalization, the United States has already obtained 15 blockchain patents at the end of last year compared to China. Blockchain financial applications are entering a new stage in an all-round way. Various applications will become more and more in-depth, and related changes will also become more and more profound. It is attracting more and more attention and will form a huge new trend... >>

Question 4: What is blockchain technology? What is blockchain? How to explain the concept of blockchain? People in each industry have different understandings, and relevant explanations are gradually emerging due to more and more real-life applications. With the popularization of this blockchain technology, the related results are getting bigger and bigger. If we want to understand this technology, we must have an in-depth understanding of reality.
In the past six months, the concept of blockchain has gradually become popular in China, and a blockchain whirlwind has taken off in the financial circle. Blockchain has attracted the attention and favor of more and more people in the industry due to its unique technical advantages. Blockchain technology, which is decentralized (or multi-centered), highly transparent, cannot be tampered with, and has no single point of failure, is entering the field of vision of financial institutions and enterprises. It has at least been used in digital currency, payment exchange, registration and settlement, Digital assets, traceability and anti-counterfeiting, supply chain, Internet of Things and many other fields have moved from theoretical discussions to practical applications.
"Blockchain" was first introduced with "Bitcoin" released in early 2009. Blockchain has become the basic protocol and technical application for the launch, recording, and circulation of Bitcoin. Although Bitcoin has been controversial since its inception and cannot even be regarded as a "currency" by governments and monetary authorities, the blockchain technology used in Bitcoin has been recognized by governments, including governments and monetary authorities. extensive attention.
Why has blockchain become a rapidly heating up hot technology and topic?
Perhaps the most important of these is that the launch of Bitcoin based on blockchain technology has opened up a new era of integration with traditional society.The exploration and attempt of brand-new technologies and rule systems such as Internet user identity verification, wealth confirmation, transaction records, notarization and verification, which have little relevance to the online world (offline) and are completely applied to the online world (online), provide people with the opportunity to adapt to the Internet. The development of society provides alternative paths and unlimited imagination.
Judging from its application in Bitcoin, blockchain is a set of new network blocks (BLOCK, also called communities) formed by combining encryption technology with the Internet. Bitcoin configuration, netizen identity verification, and Bitcoin (value) confirmation formed by mining, Bitcoin transaction records, and extended encryption of Bitcoin cross-block flow (value transfer) (added block and transaction time identification, etc. Internet protocol rules and accounting (Ledger) system including block chain, full encryption, mutual authentication, etc., including factor) registration and verification. Precisely because Bitcoin is not a substitute for offline legal currency, but is issued and managed by non-legal currency authorities, mainly imitating the model of gold, and is completely new and decentralized protected and supported by basic Internet protocols and strict encryption technology. Internet currency (virtual currency) has thus formed a new set of currency rules and systems that are different from and not subject to real social laws, and can be bought, sold or exchanged with legal currency. It has been more than 8 years since Bitcoin was launched. There has been no record of funds or user information being stolen. Its security has been verified, and its efficiency and cost of fund settlement also have obvious advantages. This has made people's confidence in the blockchain technology used in Bitcoin continue to increase, and people have become more and more aware that although blockchain is a technology and protocol pioneered and applied by Bitcoin, the blockchain Chain is not the same as Bitcoin, and its application is by no means limited to Bitcoin. The application of blockchain can be decentralized or centralized; it can be a public chain model or a private chain model. Therefore, after Bitcoin, blockchain technology is also constantly developing and innovating, and constantly exploring new application fields, especially in the financial field.
The reason why blockchain is valued highly by more and more people is because the development and widespread application of the Internet have caused more and more economic exchanges and transaction activities to be conducted online, and the online world (or online world) society) is rapidly expanding, enriching and active, and online transactions must solve the efficiency and security protection issues of the parties' identity verification, value verification, transaction records, inspection and verification, etc., and require strict intermediaries and agreements (rules or constitutions). In this regard, traditional thinking and customary practices are to follow the development trajectory of the transfer of offline transactions to online and push the common rules and practices of the real (offline) society to the online (network) society. However, in practice, it is increasingly It is difficult to adapt to the needs of online transactions.
For example, for identity verification of the parties, the natural choice is to use the information on the identity documents protected by the laws of various countries as the basis, and then add account or transaction passwords, and facial recognition.Biometric identification such as spectrum, iris, fingerprint, etc. are used for identity verification in online transactions. However, this method first makes citizen identity information in the cross-border interconnected online world subject to the constraints of administrative jurisdiction in real society... >>

Question 5: What is the so-called "blockchain"? Blockchain itself is a tool called decentralization and trustlessness. For example, when you graduate from university, the current practice is to have a certificate recognized and issued by an authoritative agency as your certificate. This setting is more troublesome, because this is a piece of paper, and paper can be forged, so there will be various gaps. The issuing authority is also a person, and there will be various gaps in the middle. As long as it is related to people, whoever There are various possibilities related to media. The blockchain provides a great opportunity. As soon as you graduate, you will have a record on the blockchain. No one can change this record. This thing exists objectively. You, as a physical existence , and then as a data existence, the blockchain was born. In this case, anyone who wants to check where you graduated can easily solve the problem. This is similar to the big data often involved in social networking (WeChat) and payment platforms (Alipay, Yibao).

Question 6: What is blockchain? Can you explain the principle of 10-point blockchain in plain language: decentralized distributed accounting system
Blockchain The core of the technology is that all currently participating nodes jointly maintain transactions and databases. It makes transactions based on cryptographic principles rather than trust, so that any two parties who reach an agreement can directly conduct payment transactions without the participation of a third party.
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Technically speaking, a block is a data structure that records transactions, reflecting the flow of funds for a transaction. The blocks of transactions that have been reached in the system are connected together to form a main chain, and all nodes participating in the calculation record the main chain or part of the main chain. A block contains the following three parts: transaction information, hash hash formed by the previous block, and random number. Transaction information is the task data carried by the block, specifically including the private keys of both parties to the transaction, the number of transactions, the digital signature of electronic currency, etc.; the hash formed by the previous block is used to connect the blocks to realize the past The order of transactions; random numbers are the core of transaction completion. All miner nodes compete to calculate the answer to the random number. The node that gets the answer the fastest generates a new block and broadcasts it to all nodes for update, thus completing a transaction.
1.1 What is Blockchain
Blockchain (BlockChain) refers to a technical solution that collectively maintains a reliable database through decentralization and trustlessness. This technical solution mainly allows any number of nodes participating in the system to pass a series of data blocks (blocks) generated using cryptographic methods. Each data blockIt contains all information exchange data of the system within a certain period of time, and generates data fingerprints to verify the validity of its information and link to the next database block.
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In layman’s terms, blockchain technology refers to a way for all people to participate in accounting. Behind all systems there is a database, which is a big ledger. Then who will keep this ledger becomes very important. At present, it is whoever owns the system who keeps the accounts. Each bank’s account books are kept by each bank, and Alipay’s account books are kept by Alibaba. But now in the blockchain system, everyone in the system has the opportunity to participate in accounting. If there are new transaction data changes within a certain period of time, everyone in the system can do accounting. The system will judge the person who has the fastest and best accounting during this period, write the recorded content to the ledger, and Send the contents of the ledger during this period to all other people in the system for backup. In this way, everyone in the system has a complete ledger. Therefore, this data becomes very safe. A tamperer needs to modify more than half of the system node data at the same time to truly tamper with the data. Such tampering would be extremely costly, making it nearly impossible. For example, Bitcoin has been running for more than 7 years. Countless hackers around the world have tried to attack Bitcoin, but so far there have been no transaction errors. It can be considered that the Bitcoin blockchain has been proven to be a safe and reliable system.
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1.2 Why is there blockchain innovation?
Human beings need to communicate during their activities, and communication is based on information. In the past, information circulation was not convenient enough to satisfy market participants. There is a demand for information, so intermediaries and centers are born. This centralized system has problems such as high cost, low efficiency, value dispersion, "information islands" and insecure data storage. However, due to technical and environmental factors, this system continued to operate for many years until the emergence of the Internet. The starting point of the first generation of the Internet is the TCP/IP protocol, which is an open code that implements a unified format for peer-to-peer transmission of information by all nodes on the network, and brings the basic values ​​of freedom and equality required by a global unified market into programmed, protocol-based, and reliably Execution. The Internet eliminates low-value, high-cost intermediate chains and achieves low-cost and high-efficiency global information transmission in a decentralized manner.
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However, the first generation of the Internet did not solve the problem of information credibility. Activities that can be decentralized on the Internet must be activities that do not require credit endorsement, and activities that require credit guarantee must be activities involving centralized third-party intermediaries. Therefore, Internet technology that cannot establish global credit has encountered great obstacles in its progress - people cannot participate in any value exchange activities on the Internet in a decentralized manner. To realize value exchange, people still need third-party intermediaries based on credit (such as banks, clearing agencies, exchanges). The global centralized credit system still has problems such as high operating costs, low efficiency, and vulnerability to attacks and damage. For example, countriesLegal currencies have different credit values, and their clearing systems are also incompatible, which adds a lot of cost to global trade.
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Therefore, what the second generation Internet must break through is: how to establish global credit in a decentralized manner? Let...>>

Question 7: Explain clearly what is blockchain in an easy-to-understand manner. The English name for blockchain is Blockchain. Block literally means block, block, and chain means chain, chain. Therefore, together they are translated into blockchain.
1. Use cryptography technology to encrypt and decrypt so that records cannot be tampered with. Common blockchain encryption methods include hash algorithm, RSA algorithm, elliptic curve algorithm, etc.;
2. The huge amount of calculation needs to be supported by a reasonable reward mechanism. Because every transaction must be recorded, Bitcoin’s blockchain has more than 60 gigabytes so far. Every new transaction requires confirmation of the information related to the trading account to ensure that the transaction is valid. The huge amount of calculation requires a computer with powerful computing power to complete.
In order to encourage the participation of powerful computing power, Bitcoin provides two rewards: one is to issue a certain number of Bitcoins to these computers every day; instead, all transfer fees are awarded to these computers. (The technical term for these computers is "mining machines", and the people who hold the mining machines are called "miners".)
Biying China is working hard on the digitization of assets and has launched the digital currency crowdfunding platform Biying China.

Question 8: What is blockchain? 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.
In May 2016, the Currency Blockchain Research Center published the first book in China that introduces blockchain in simple terms, "Blockchain: Defining a New Pattern of Future Finance and Economics." It introduces the impact of blockchain technology on future finance and economy

Question 9: What is blockchain? For the time being, this is a relatively high-end technology. It connects all nodes (which can be understood as servers) through p2p network technology. Complete data (blocks) are stored on each node. The addition and withdrawal of any node will not affect the normal operation of the chain. Data is embodied in the form of data blocks. Blocks are connected to each other and can be understood as a one-way linked list. The hash value of the nth block is generated based on the hash of the n-1th block, the transaction recorded in the current block, and the random number as parameters. In this way, if you want to modify the data of the historical block, you have to modify all the blocks from the modified block to the final block. The difficulty can be imagined.
The blockchain also introduces a consensus mechanism,and incentive mechanisms. There is no way to describe it too comprehensively here. I hope everyone can discuss and learn together

Question 10: What is blockchain: This explanation of blockchain is more understandable. Blockchain (Blockchain) refers to the method of decentralization and trustlessness. A technical solution for collectively maintaining a reliable database.
In layman’s terms, blockchain technology refers to a way for all people to participate in accounting. There is a database behind all systems. You can think of the database as a big ledger. Then who will keep this ledger becomes very important. Currently, whoever owns the system keeps the accounts. Tencent keeps the accounts of WeChat, and Alibaba keeps the accounts of Taobao. But now in the blockchain system, everyone in the system has the opportunity to participate in accounting. If there are any data changes within a certain period of time, everyone in the system can do accounting. The system will judge the person who has the fastest and best accounting during this period, write his recorded content into the ledger, and record this Within a period of time, the contents of the ledger are sent to all other people in the system for backup. In this way, everyone in the system has a complete ledger. In this way, we call it blockchain technology.
Blockchain technology has become the darling of the financial community in China and has become a hot topic. Domestic Puyin Group has launched Puyin, a tea-based digital currency.

❼ Let’s briefly talk about the major applications of blockchain and which ones are pitfalls

What can blockchain do? Blockchain, a great technology that accompanied the birth of Bitcoin, is currently being used in the financial field to significantly reduce transaction costs and improve efficiency, which is enough to excite Wall Street. However, this is just the tip of the iceberg. Its potential applications are very broad and will subvert every aspect of our lives in the future.

The Internet is an information network, with 0s and 1s flowing in it. Blockchain is a value network, and its role is to transmit value, unlike the Internet for data transmission.

Speaking of value transfer, there is a very simple scenario, such as payment, I have 100 yuan in hand, and I want to transfer it to the group. I can use WeChat red envelopes or WeChat transfers. Here During the transaction process, a third party is required to participate, and the transmission method of the blockchain is point-to-point transmission, which does not require any intermediate node. This is a very big difference between the blockchain and our existing architecture.

When it comes to peer-to-peer payments, many people will think of Bitcoin, because most people know blockchain from Bitcoin. What is the difference between blockchain and Bitcoin?

Blockchain is the technology behind Bitcoin; blockchain is a basic technical architecture that designs and implements an autonomous system with multi-party participation through a specific data structure and consensus algorithm.

The specific data structure is actually the name blockchain itself, that is, its data is placed piece by piece.Inside the block, this data block is then connected and implemented using a chain. "Consensus algorithm" is a very important concept in blockchain. Without synchronic algorithm, there would be no meaning of blockchain.

Introduction to Bubi Blockchain

Bubi Blockchain has been focusing on the R&D and innovation of blockchain technology and products since its establishment, and has a number of core technologies. It has made substantial innovations in many aspects and formed a number of core technical achievements, such as: mathematically provable distributed consensus technology, fast large-scale ledger access technology, multi-chain general ledger technology that supports business expansion, and heterogeneous ledger technology. Construct interconnection technology between blockchains, etc. On April 25, "Gege Points" introduced the concept of blockchain into the points system, jointly opened it up with multiple parties, issued and redeemed points, and promoted the circulation of points. Each cooperative institution can jointly participate in transaction verification, ledger storage, and real-time settlement; the third-party payment platform of the enterprise points issuer makes the entry and exit of points more flexible. Bubi has developed its own basic blockchain service platform, which has been applied in equity, supply chain, points, credit and other fields. Bubi has been committed to building an open value circulation network with decentralized trust as the core, allowing digital assets to flow freely.

Having said that, let’s analyze the difference between blockchain and Bitcoin?

1. Essential difference. For the world, Bitcoin is a digital currency based on cryptography, while blockchain, as we just said, is a value transfer protocol. There is an essential difference between the two, because one is a digital currency. , one is a value transfer protocol.

2. Algorithm. Bitcoin's consensus algorithm is based on a working algorithm called proof of work, POW. There are many different consensus algorithms in the blockchain. It can use either the Bitcoin POW algorithm, the POS algorithm, or the DPS algorithm.

3. Transaction speed. Bitcoin is limited to a maximum of seven transactions per second. Please note that what is mentioned here is the maximum and not the average, because this is a very strict definition. For the blockchain, the number of transactions per second can actually reach tens of thousands or more, so this is also One major difference between blockchain and Bitcoin. Because many people will be confused and say that the transaction speed of the blockchain is seven transactions per second. This is wrong. This is a limitation of Bitcoin. The blockchain can reach very high speeds based on its different consensus algorithms and linking methods. Transaction speed.

4. Link form. Bitcoin is a blockchain based on the Internet, which means we call it a public chain. The blockchain can be in the form of a public chain, a private chain, or a consortium chain.

5. Limitations. It is recommended that everyone not touch some digital currencies related to blockchain. What's the reason? As a digital currency like Bitcoin, although it has very good and different characteristics, it does not meet theFinancial supervision means that these 21 million Bitcoins were issued without state authorization and without state credit as a multiple. The blockchain also has some limitations. Although it is just a protocol and a technology, it is still a new technology in its infancy.

To summarize, blockchain is a relatively low-level protocol and a technical infrastructure, on which there are various consensus algorithms. If the blockchain is 1, the consensus algorithm may be 10 to 20, but the applications based on it may be one thousand or two thousand, or more. In other words, Bitcoin is only one of many blockchain applications. A realization. Therefore, Bitcoin and blockchain cannot be equated. Bitcoin is only a very elementary implementation of blockchain.

What can blockchain do? Blockchain problem? In the bill market, digital bills based on blockchain technology can become a safer, smarter, and more convenient bill form. Point-to-point transactions realized with the help of blockchain can break the existing functions of bill intermediaries and realize the disintermediation of bill value transfer; the construction and data storage of digital bill systems do not require a central server, eliminating the need for the development of central applications and access systems. costs, reducing the maintenance and optimization costs of the system under the traditional model, and reducing the risks caused by system centralization; based on the non-tamperability of information on the blockchain, once the transaction is completed, there will be no default, thereby avoiding "one Behaviors such as "selling too many tickets" and out-of-synchronization of payment and endorsement effectively prevent risks in the bill market. The securities trading market is also an area where blockchain technology has great potential. The current traditional securities trading model has the shortcomings of long transaction processes, low transaction efficiency, and high comprehensive costs. In addition, there are strong intermediaries and regulatory agencies, and the rights of financial consumers are often not protected. Applying blockchain technology, buyers and sellers can be directly matched through smart contracts, and the efficiency of transaction execution can be greatly improved. Settlement and delivery can be automatically realized through a distributed digital registration system. Since the data entered into the block is irrevocable and can be copied to each data block within a short period of time, the information entered into the blockchain actually has a publicity effect, so the occurrence of the transaction and the confirmation of ownership will not occur. dispute.

What can blockchain do? Blockchain problem? Although there is no mature underlying blockchain technology platform solution currently, technical problems such as capacity scalability, privacy protection, inability to settle on a net basis, and non-recourse after the fact also need to be solved, and large-scale application of blockchain Technology also requires redesigning IT architecture and reengineering business processes, but these are only technical issues. The real test of blockchain technology taking root and growing in the financial field is the ontology of regulatory agencies and financial institutions. Will the inherent "deregulation" and "decentralization" characteristics of blockchain make market entities have no motivation to drive technology? Innovation. However, since blockchain is a technology based on mathematical algorithms, the establishment of trust relationships between transaction parties does not require the use of intermediaries or authoritative centers to establish trust relationships.The cost is almost zero (on the premise that the blockchain financial infrastructure and ancillary infrastructure are established), and the blockchain code is open source and open, with no geographical restrictions, and the network pattern is distributed and interconnected, providing a platform for future inclusive finance and shared finance. Its establishment and development have laid a technical foundation and created material conditions for global financial integration and unification. From this point of view alone, blockchain technology will surely establish a core position in future financial development, and it will rely on and complement each other to win the future.