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⑴ What is the difference between regional chain and blockchain?
Blockchain is not a single individual, but connects many block structures together to form a chain structure. Each block is then connected to form a specific collection or area. So there is actually no difference between blockchain and regional chain. The term regional chain is actually another expression of blockchain. Blockchain technology is the underlying technology. Without the operation and management of any centralized organization, it has been running very stably for many years without any problems. Therefore, some people noticed its underlying technology and extracted the technology abstractly, calling it Blockchain technology, or distributed ledger technology. When we search for regional chains, we will automatically jump to the search results page of blockchain, so we can list blockchain and blockchain as synonyms.
Extended information
1. 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
Blockchain is a very important technology. Huobi.com cooperates with the Internet Finance Laboratory of Tsinghua University PBC School of Finance , the "2014-2016 Global Development Research Report" released by Sina Technology mentioned that blockchain is the underlying technology and infrastructure. Essentially a decentralized database. Blockchain is a series of data blocks generated using cryptographic methods. Each data block contains information about a network transaction and is used to verify the validity of the information (anti-counterfeiting) and generate the next block.
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 non-tamperable and non-forgeable. Ledger.
Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, uses cryptography to ensure the security of data transmission and access, and uses A new distributed infrastructure and computing method that uses smart contracts composed of automated script codes to program and operate data.
Blockchain _ The original blockchain is a decentralized database that contains a list called blocks, with continuously growing and neatly arranged records. Each block contains a timestamp and a link to the previous block: Blockchains are designed so that data is immutable—once recorded, the data in a block is irreversible.
The design of blockchain is a protection measure, such as (applied to) highly fault-tolerant distributed computing systems. Blockchain makes hybrid consistency possible. This makes blockchain suitable for recording events, titles, medical records and other activities that require data collection, identity management, transaction process management and provenance management. Blockchain has huge potential for financial disintermediation and has a huge impact on leading global trade.
2. What is a regional chain?
The words "region chain" and "blockchain" are only different in one word. Do they have the same meaning? Let's take a look at the meaning of the words block and domain. A block can be understood as a part of the whole, and a domain refers to a specific area or a specific whole.
Blockchain is a chained data structure that combines data blocks in a sequential manner in chronological order, and is a cryptographically guaranteed distributed ledger that cannot be tampered with or forged.
Broadly understood, 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 the security of data transmission and access. A new distributed infrastructure and computing method that uses smart contracts composed of automated script codes to program and operate data.
⑵ What kind of technology is "blockchain"?
What kind of technology is "blockchain" Blockchain is an important concept of Bitcoin. The "2014-2016 Global Bitcoin Development Research Report" released by the Internet Finance Laboratory of Tsinghua University PBC School of Finance and Sina Technology mentioned that blockchain is the underlying technology and infrastructure of Bitcoin. It is essentially a decentralized database and serves as the underlying technology of Bitcoin. 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 the information (anti-counterfeiting) and generate the next block. .
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 non-tamperable and non-forgeable. Account book. Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, uses cryptography to ensure the security of data transmission and access, and utilizes automated Smart contracts are composed of scripts that program and compute data in a new decentralized infrastructure and normalize computing.
Domestic blockchain application platforms include an asset custody system based on blockchain technology jointly developed by the digital currency crowdfunding platform Biying China, China Post and IBM.
Blockchain is a decentralized, distributed ledger system participated by nodes. The data stored on it cannot be forged or tampered with, and is open to the public. Transparent, the information and value recorded by each account at any point in history can be found on the blockchain. The characteristics of the blockchain protocol provide the necessary foundation for the execution of smart contracts. The contract can be automatically executed and trusted according to established conditions without the need for auditing by any centralized organization.
Blockchain technology is the underlying core of the Bitcoin system. Its essence is a decentralized ledger. When people conduct transactions over the Internet, a new transaction will be recorded on the ledger, and this ledger is a decentralized ledger jointly maintained by everyone in the network. People can see the ongoing transactions at the same time, and the control is not in the institutions or individuals. Transactions cannot be tampered with or forged, and they will be permanently stored in the ledger.
For example, the Tongxin Huzhu blockchain mutual aid platform has four major characteristics in applying blockchain technology:
Openness and transparency
Openness and transparency, once all information recorded on the blockchain is recorded, it will be very It is difficult to tamper with and cannot be hidden, and users can check it at any time.
Democratic decision-making
Bottom-up decision-making, the blockchain proposes a variety of different consensus mechanisms to help users effectively form bottom-up decisions and jointly participate in major decisions.
Accurate execution of rules
Accurate execution of rules. The smart contract technology defined on the blockchain converts all rules into public and clear codes, which can be executed accurately and accurately. Once anyone is identified Cannot intervene.
Never downtime
Never downtime, the blockchain based on the public chain is not affected by any organization or individual. As long as the incentive mechanism is effective and the Internet exists, the blockchain will exist.
What is blockchain? Blockchain is a decentralized shared accounting technology that allows all parties involved to establish a trusting relationship at the technical level. Blockchain can be roughly divided into two levels: one is the underlying technology of the blockchain; the other is the upper-layer application of the blockchain, that is, the transformation, optimization or innovative application based on the blockchain. Blockchain is still in its infancy. Many people have discussed with me how we can ensure both rights and privacy at the same time. Of course, we are just exploring now. We need fair content across the entire network and clear protection. This is what I can only say. So far, this is my arrangement for the future.
Blockchain concept? The idea of blockchain is to be completely decentralized and rely on decentralized justice. In that case, theoretically the cost will drop a lot, proving that real assets and property rights can directly correspond to each other on the Internet. It has solved the problems of decentralization and asset ownership that were not solved by the first generation of Internet information. How big a role does big data play in financial innovation now? Only by registering big data can we know who it belongs to. In fact, this has always been a problem that we cannot solve now. This is not a small problem. If there is a technology in the capital market that makes the property rights of things that were originally unclear clear, that will be a big problem for us. The entire market is undergoing a huge transformation.
What is blockchain? Blockchain technology itself can solve data ownership, pricing and sharing mechanisms. This still cannot completely solve certain problems. To give a simple example when it comes to user privacy, I have a piece of data placed on the machine. The partner comes over and makes an insurance analysis to analyze the cooperation. There is a risk here. Still not giving it, can you deal with it or not?The property rights of the laboratory should be clearly defined, and then the rights of processing and data should be clearly stated. The products produced by everyone are common to everyone. Different things need to be divided, how to price them, and how to divide them. In addition to the blockchain, there is a decentralized When it comes to database technology, the above is a new task, which is another issue. The next step is the issue of pricing and the market mechanism. All fields have proven to recognize this rule, so I think blockchain is very good. Core technology, but it cannot cover all problems.
Introduction to Bubi Blockchain
Bubi Blockchain is mainly positioned to provide commercial-grade blockchain infrastructure services, which mainly includes building a blockchain system and building on top of the blockchain system. A support system with high expandability. On top of this support system are applications from all walks of life. Bubi focuses more on the underlying technology of the blockchain. In the past three years or so, a team of more than a dozen people has devoted almost all their energy to the research and development of the underlying technology. The reason why Bubi Blockchain chooses points has something to do with the market's promotion method. As we all know, blockchain is a technology that is very suitable for the issuance and trading of digital assets. Points are a digital asset that is naturally legal and compliant, and has a small impact because of its small amount. Therefore, it is a very suitable choice to use points as your first attempt at digital asset issuance. Issuing points based on the blockchain can indeed bring great help to the circulation and mutual exchange of points.
What is blockchain? The application of blockchain technology in the field of property transfer is only one aspect. In addition to reducing property transfer costs, blockchain technology can also be applied to various fields involving company stocks, financial derivatives, and points programs of commercial institutions. The blockchain community is currently focusing on promoting the wider application of this technology in the field of financial assets. Relatedly, various platforms that are still under development have also received very considerable investment.
Blockchain concept? Structurally or by definition, these things are very different. The U.S. dollar, or any currency, from a typical definition, is primarily used as a medium of exchange or store of value for economic activities. Within the geographical scope where a certain currency circulates, people in the region reach a consensus on the use of this currency, making it convenient for everyone to use the same currency to purchase goods or services (the function of currency as a medium of exchange). There is a responsibility to manage the currency through monetary policy in order to ensure the preservation of the value of the currency and avoid the occurrence of inflation (the store of value function of currency). In today's world, almost everyone uses some form of currency in their daily lives.
What is blockchain? Even developers within the blockchain community often easily overlook the big picture mentioned above. There are many competitive projects in the blockchain community, and they are also full of various disputes about the evolution direction of blockchain technology. Over time, some projects in the community will be successful, and others will not be so lucky. Things won’t always go the way we expect, but no matter how these projects in the still-early blockchain community develop, there areOne thing is very clear, that is, blockchain technology has brought us at least one revolutionary function: blockchain technology will greatly reduce the cost of financial property transfer, and blockchain will be used to control, manage and Transfer of financial property.
What is blockchain? Blockchain concept? After a certain application analysis, we return to the starting point. The definition of this blockchain technology will surely become more and more abundant with the expansion of applications, and people will discover more mysteries of blockchain technology.
Blockchain is an important concept of Bitcoin. It is essentially a decentralized database and serves as the basis for Bitcoin. underlying technology. 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 the information (anti-counterfeiting) and generate the next block. .
The blockchain is public on the Internet and can be queried in every offline Bitcoin wallet information. The functionality of a Bitcoin wallet relies on confirmation with the blockchain, and a valid check is called a confirmation. Usually a transaction requires several confirmations before it can proceed. The lightweight Bitcoin wallet uses online confirmation, which means it does not download the blockchain data to the device storage.
Many of Bitcoin’s altcoins also use the same design, but are slightly different in proof of work and algorithm. For example, using proof of stake and SCrypt, etc.
Blockchain timestamp service and proof of existence
This concept was proposed in Satoshi Nakamoto’s white paper [1], who created the first block, the “genesis block”.
On January 3, 2009, Satoshi Nakamoto, the founder of Bitcoin, left an unchangeable sentence in the genesis block:
“The Times 03/Jan/2009 Chancellor on brink of second lout for banks (on January 3, 2009, the chancellor was on the verge of implementing a second round of bank bailout)."
It was then that the British chancellor Darling was forced to consider a second bailout of the banks. In a time of crisis, this sentence was the headline of a front-page article in The Times that day.
With the blockchain’s timestamp service and proof of existence, the time when the first blockchain was created and the events that were happening at that time are permanently retained.
The Bitcoin company BTCC launched a service "Millennium Chain" in 2015, which is a blockchain engraving service, which uses the above principles. Users can engrave text on the blockchain through this service and store it permanently.
Bitcoin, Litecoin, Ruitai Coin, and Qianjin Card are all digital currencies based on blockchain technology.
Chongqing Jinwowo analyzed: Blockchain is actually about decentralizationdecentralized ledger database.
How popular is blockchain technology?
Blockchain technology makes DAC possible. DAC is something that can fundamentally subvert the organizational model of human society. I believe that its impact on society will surpass the Industrial Revolution and become the most profound change that the Internet has brought to the world.
The essence of blockchain technology is a method of data storage, transmission and certification that is decentralized and contained in a distributed structure. It replaces the current Internet with data blocks (Block). The road's reliance on the central server enables all data changes or transaction projects to be recorded on a cloud system, theoretically achieving self-certification of data during data transmission.
Blockchain technology can be applied to many industries:
Art industry
Ascribe allows artists to use blockchain technology to declare ownership, Issue numberable, 100% editions of your work 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.
Legal Industry
BitProof is the most advanced of the many document timestamp applications that have emerged in recent years, and will make traditional notarization methods a thing of the past. Compared with free versions including Blocksgin and OriginStaemp, BitProof provides more services, including one for intellectual property rights. Interestingly, BitProof recently collaborated with a San Francisco IT school to put all their students’ academic certificates on the blockchain, completely redefining how diplomas and student certificates are processed and used.
Development Industry
Colu is the first company to allow other companies to issue digital assets. They can "tokenize" various assets and have a profound impact on many people. Although the free Bitcoin wallet Counerparty also allows simple tokens to be issued and traded among other wallet holders, Colu tokens can be configured in various states and types, and can leave and return to the system. , and when storing data on the blockchain is too large, the data can be stored on the BitTorrent network.
Internet Mutual Aid Industry
Tongxin Mutual Aid is the first blockchain online mutual aid platform to be implemented and applied. Technically, through blockchain and big data technology, it eliminates the shortcomings of the traditional online mutual aid model. Establish an open and transparent new online mutual aid platform.
Aite Cat is a virtual pet game produced under blockchain technology. This virtual cat is similar to Internet Letts Dog, 360’s pet cat, and NetEase’s Planet all belong to the same type of blockChain virtual products, then the difference between Aite Cat is that the entire cat design adopts a 3D three-dimensional effect, so that the cat display is no longer a single picture, making the cat movable, increasing the fun of the cat.
What technology is the Huangbao blockchain system?The Huangbao blockchain is a powerful decentralized loop intelligence system. The Huangchain chain is referred to as HUANG. It is the first to be used in financial services, advertising media, games and entertainment, various life applications and other fields, becoming a blockchain 3.0 The representative virtual currency of the era, Media Chain 3.0 technology has the core characteristics of being safer, more efficient, more flexible, and more open. The widespread application of its technology will surely trigger new forms and new ideas in the global media industry, which can Create convenient services and new concepts, which marks a new economic era before the public.
⑶ What is data blockchain (BlockChain)
What is data blockchain (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 data blocks, we can Query the history of every Bitcoin transaction.
2. Example:
There are three persons A, B and C. All the 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 in the account book, and subtract 50,000 yuan to B’s name.
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 function 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’ transactions in Bitcoin. It’s just that this “account record book” is recorded by the mining software of every Bitcoin miner on the Internet. 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 Internet form Bitcoin’s decentralized network database system.
4. The essence of data blockchain technology is a decentralized and decentralized structure of data storage, transmission and certification methods. Data blocks replace the current Internet's reliance on central servers, making all Data changes or transaction projects are recorded on a cloud system, which theoretically realizes self-certification of data during data transmission. In a far-reaching sense, this goes beyond the traditional and conventional need to rely on the formalization of information verification by a center, and reduces the cost The cost of establishing global "credit", this peer-to-peerThe verification will produce a "basic protocol", which is a new form of decentralized artificial intelligence and will establish a new interface and shared interface between human brain intelligence and machine intelligence.
Blockchain is a new application model of computer technologies such as decentralized data storage, point-to-point transmission, consensus mechanism, 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. Shanghai Heshu Software Co., Ltd. is an innovative technology enterprise focusing on the R&D and application of blockchain technology and a professional blockchain technology service provider. The team has been developing blockchain technology since 2016, and has conducted in-depth research on blockchain technology fields such as blockchain encryption algorithms, consensus mechanism network security, decentralization, and point-to-point.
What is data blockchain (BlockChain), and what is its relationship with today’s big data?Blockchain is a new application model of computer technologies such as decentralized data storage, point-to-point transmission, consensus mechanism, 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. Heshu Software is an innovative technology enterprise focusing on the R&D and application of blockchain technology and a professional blockchain technology service provider. The team has been developing blockchain technology since 2016, and has conducted in-depth research on blockchain technology fields such as blockchain encryption algorithms, consensus mechanism network security, decentralization, and point-to-point.
What is blockchain (Blockchain) technology? Blockchain technology, referred to as BT (Blockchain technology), also known as distributed ledger technology, is an Internet database technology that is characterized by decentralization, openness and transparency, allowing everyone to Participation database records.
You can go to Duoyuan.com to learn more
is a public list of all transactions that have been sent, which ensures that everyone knows the true owner (address) of each Bitcoin. All fully functional nodes on the network will retain a copy of the blockchain.
Block is an independent unit on the blockchain. Each block contains the hash value of the previous block (so it is impossible for someone to remove or modify any block on the blockchain without causing some of the hashes in the blockchain to mismatch), and also There are as many unconfirmed transactions as can be found on the Internet, and a number called a nonce. Someone who is building a block must find a suitable nonce so that the hash value of the block is below a certain threshold (the target value). This can only be done by trying all the nonces one after another. number until a random number that produces the desired hash value is found. The lower the target value, the harder it is to find a suitable hash value.random number. Block creation is intentionally made so difficult to prevent someone from spending Bitcoin and then creating and advancing his own blockchain that does not contain the transaction that shows the Bitcoin has been spent, a wipe The transaction record just now allows him to spend the Bitcoin twice. When a valid block is created, it is distributed throughout the network and the search for the next block begins based on this block.
What is blockchain and what is big data
1. Blockchain: It is a new type of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. Application mode. The so-called consensus mechanism is a mathematical algorithm that establishes trust and obtains rights and interests between different nodes in the blockchain system.
Blockchain is an important concept of Bitcoin, mentioned in the "2014-2016 Global Bitcoin Development Research Report" released by the Internet Finance Laboratory of Tsinghua University PBC School of Finance and Sina Technology. Blockchain is the underlying technology and infrastructure of Bitcoin [2]. It is essentially a decentralized database and serves as the underlying technology of Bitcoin. 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 the information (anti-counterfeiting) and generate the next block. .
2. Big data: refers to a collection of data that cannot be captured, managed and processed with conventional software tools within a certain time range. It requires new processing models to have stronger decision-making power, insight discovery and process optimization capabilities. massive, high-growth and diversified information assets.
The concept of blockchain is so popular! Will blockchain technology become a new trend?
In recent years, the development ecosystem of blockchain has gradually been improved and enriched. Industry insiders believe that with national policy support, widespread attention and financial support, blockchain technology can achieve gradual and stable progress. Although the upside prospects of blockchain technology are broad, we must remain calm about this.
What is the relationship between blockchain and big data? Will blockchain replace big data? The relationship between blockchain and big data is not very big. Big data is mainly about managing massive amounts of data, and the core of blockchain is to achieve high security and reliability of data without centralized intermediaries. Jinwowo Network Technology
Therefore, blockchain and big data do not conflict with each other, nor will they replace them. They are completely different solutions for data in different scenarios.
⑷ What does blockchain mean and how to understand it
Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm.
Blockchain, an important concept of Bitcoin, is essentially a decentralized database that simultaneouslyIt is the underlying technology of Bitcoin. It is a series of data blocks generated using cryptographic methods. Each data block contains a batch of Bitcoin network transaction information, which is used to verify the validity of its information (anti-counterfeiting) and Generate the next block.
Notes
1. Blockchain Originated from Bitcoin, on November 1, 2008, a person claiming to be Satoshi Nakamoto published the article "Bitcoin: A Peer-to-Peer Electronic Cash System", which elaborated on P2P network technology, encryption technology, The architectural concepts of electronic cash systems such as timestamp technology and blockchain technology mark the birth of Bitcoin.
Two months later, the theory came into practice, and on January 3, 2009, the first genesis block with serial number 0 was born. A few days later, block number 1 appeared on January 9, 2009, and was connected to the genesis block number 0 to form a chain, marking the birth of the blockchain.
2. In order to realize the great leap forward development of blockchain finance, in order to promote the new development of China’s economy, accelerate the circulation of global assets, and realize the dream of rejuvenation that generations have been striving for, Puyin Group launched the On the 9th, a Puyin Blockchain Finance Guiyang Strategy Release Ceremony was held in Guizhou. At the meeting, the digital circulation of assets through blockchain, the blockchain financial transaction model, and the application of blockchain services and social public industries will be discussed. Explore.
⑸ Blockchain - What is the blockchain? Jindian Bixin can understand the blockchain
Blockchain - What is the blockchain? Can Jindian Coin News understand the blockchain?Block Pioneer animation video helps you understand what is blockchain, easy to understand
What is blockchain, does Maobei belong to blockchain?Answer: Maobei does not belong to the blockchain, but only uses blockchain technology. The characteristic of the blockchain is that everything that happens will be recorded and cannot be deleted or changed.
Blockchain, what is a blockComprehensive interpretation of blockchain
When talking about blockchain, people always compare it with Bitcoin. On October 31, 2008, a person named "Satoshi Nakamoto" sent an email to a cryptography email group, claiming, "I have been working on a new electronic cash system, which is completely peer-to-peer and does not require Any trusted third party.” He launched a new system using Bitcoin as the transaction currency.
What is blockchain technology? What is blockchain?Blockchain is a distributed shared accounting technology. What it wants to do is to allow all parties involved to establish a trust relationship at the technical level.
Blockchain can be roughly divided into two levels. One is the underlying technology of the blockchain; the other is the upper-layer application of the blockchain, that is, transformation based on the blockchain, Optimize or innovate applications.
What is the core meaning of blockchain, our understandingYes, the core meaning of the blockchain is to establish data credit among the participants. Through unilateral confrontation, under clear regulations, we can create a unilateral ecological joint guarantee of complete opportunities. This is a system, and this establishment can end the lack of differentiation. The problem before the blockchain was that before the blockchain, it was impossible to achieve new sharing when sharing data. Even if it was directional, it would only give you an interface. With the blockchain, the participants can achieve credit. shared.
What are the underlying platforms of blockchain?
Answer: There are mainly the following categories:
1. Bitcoin. The earliest blockchain development was based on the Bitcoin blockchain network. Since Bitcoin is the most widely used and truly decentralized in the world, in terms of blockchain applications, Bitcoin is the most widely used blockchain in the world. A strong anchor with the greatest authority.
2. Ethereum. It can be said that apart from Bitcoin, Ethereum is currently the most eye-catching blockchain platform. Ethereum is a Turing-complete blockchain one-stop development platform that uses multiple programming languages to implement protocols. It uses a client written in Go language as the default client (i.e., the method of interacting with the Ethereum network, and supports many other language client).
3. IBM HyperLedger. Also called fabric, its goal is to build a super ledger that is jointly maintained by the whole society. Fabric originated from IBM. Its original intention was to serve industrial production. IBM open sourced 44,000 lines of code, which is a great contribution and allows us to have The opportunity is so close to explore the principles of blockchain that are different from Bitcoin.
4. LISK. It is a new generation of blockchain platform that allows the development of JavaScript (Javascript technology again, engineers, take note) and distribution-based decentralized applications using an easy-to-use, full-featured ecological blockchain system.
5. Online recording blockchain platform. It is the research and development result of the underlying technology of the Wanglu blockchain and a basic platform capable of commercial delivery. In addition to serving the Wanglu public chain, the Wanglu blockchain platform is also the basic platform for Wanglu to create private chains and alliance chains for customers.
What is blockchain? What is blockchain for digital currencies? 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 non-tamperable and non-forgeable. Ledger. Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, uses cryptography to ensure the security of data transmission and access, and uses automated scripts to A new distributed infrastructure and computing paradigm that uses smart contracts composed of code to program and manipulate data.
Nowadays, mainstream digital currencies are basically developed based on blockchain technology. Blockchain is digital currencyunderlying technology. The domestic tea-based digital currency Puyin was developed based on blockchain technology.
The essence of blockchain is a decentralized accounting system, and Bitcoin is the currency that "exists in digital form" carried on this system. Blockchain is a system behind Bitcoin that consists of credit records and the settlement of credit records.
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].
Blockchain is an important concept of Bitcoin. The "2014-2016 Global Bitcoin Development Research Report" released by Huobi.com, Tsinghua University PBC School of Finance Internet Finance Laboratory and Sina Technology mentioned the area. Blockchain is the underlying technology and infrastructure of Bitcoin [2]. It is essentially a decentralized database and serves as the underlying technology of Bitcoin. Blockchain is a series of data blocks generated using cryptographic methods. Each data block contains information about a Bitcoin network transaction, which is used to verify the validity of its information (anti-counterfeiting) and generate the next block< br /> The evolution of blockchain is:
▪ Blockchain 1.0 - digital currency
▪ Blockchain 2.0 - digital assets and smart contracts
▪ Blockchain 3.0— —IFMChain, blockchain officially linked to mobile terminals
⑹ Which network should I choose to recharge Binance wallet
Blockchain trading platform
Binance [8] (Binance), It is one of the blockchain trading platforms[4][1], and its founder Zhao Changpeng[2]. [1] It operates the blockchain asset trading platform Binance. [3]
On October 13, 2021, Binance issued the "Notice on Delisting the C2CCNY Trading Area and Inventory of Users in Mainland China", which was said to be in response to local government regulatory policy requirements. Binance C2C East Eight District Time The CNY trading area will be delisted at 24:00 on December 31, 2021, and an inventory of platform users will be conducted at the same time[10].
On July 18, 2022, Reuters reported that the Dutch central bank fined the cryptocurrency exchange Binance 3.3 million euros (approximately US$3.35 million) for providing services without registering in the Netherlands. [16].
Chinese name
Binance
Foreign name
Binance
Founder
Zhao Changpeng
Properties
Blockchain trading platform
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Development history
In March 2021, Binance announced the hiring of former U.S. Ambassador to China Max Baucus as a regulatory consultant[7].
In March 2021, the blockchain trading platform Binance was investigated by the United States[4].
On March 11, 2021, Binance’s official Weibo account was blocked[5][6].
On October 13, 2021, Binance issued the "Notice on Delisting the C2CCNY Trading Area and Inventory of Users in Mainland China", saying that in response to local government regulatory policy requirements, Binance C2C East Eight District time on December 2, 2021 The CNY trading area will be removed from the market at 24:00 on March 31st, and platform users will be checked at the same time[10].
On February 15, 2022, the cryptocurrency exchange Binance announced that the original Binance Smart Chain (BSC) will be renamed BNB Chain. BNB is the platform currency of Binance Exchange and the ecological token of Binance Smart Chain. [11]
On May 5, 2022, Binance announced that Binance France SAS has been approved by the French Financial Prudential Supervisory Authority (ACPR) and has been awarded Binance France Digital Asset Services by the French Financial Supervisory Authority (AMF) Provider (DASP) registration license and will operate in France as a licensed digital asset service provider. [15]
On November 17, 2022, the cryptocurrency exchange Binance announced that it had suspended the recharge business of USDC (SOL) and USDT (SOL) tokens. [18]
Founder
Changpeng Zhao, founder and CEO of Binance.
He Yi, co-founder and CMO of Binance. [9]
Tammy Weinrib, Chief Compliance Officer. [13]
Corporate Incidents
SEC Investigation
In 2022, according to Wall Street Insights, the SEC suspected that Binance had an improper relationship with two trading affiliates. Binance US Exchange announced on its official website that relevant market makers may conduct transactions on the exchange, but did not specify which transactionsYi Company may do so. According to the SEC's request, Binance US exchange was required to provide specific information about the two trading companies. The SEC is focused on how the Binance US exchange disclosed its ties to the trading firm to customers, people familiar with the matter said. [12]
Related reports
On February 18, 2022, the Wall Street Journal reported that the U.S. unit of Binance, the world’s largest cryptocurrency exchange by trading volume, appointed a new chief executive Compliance Officer. [14]
Fined by the Dutch Central Bank
On July 18, 2022, Reuters reported that the Dutch Central Bank had fined the cryptocurrency exchange Binance 3.3 million euros (approximately US$3.35 million) due to subsequent The provider provides services without being registered in the Netherlands[16].
Hacker theft
In the early morning of October 7, 2022, Beijing time, the smart contract platform Binance Chain (BNB Chain) suffered a hacker attack. Within 2 hours, 2 million Binance coins were looted. Binance CEO Changpeng Zhao stated on social platforms that the amount of damage is estimated to be US$100 million (approximately RMB 710 million). Binance has suspended investor deposits and withdrawals. [17]
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US stocks plummeted across the board, and Tesla fell back to two years ago! "Musk" born in the 1990s is even worse: the company is in bankruptcy crisis, and the wealth of 24 billion US dollars may be wiped out in 2 days
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[Exclusivity Clause] Sequoia sues Coin Ann, is the "exclusivity" clause a paper tiger?
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Binance, the world’s largest digital currency exchange
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7,000 Bitcoins were stolen from Binance, But it’s Bitfinex’s IEO that’s injured?
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Invasion of Binance, hackers took away 700 million, "Elastos" long and short bloody battle, behind the scenes is a currency circle
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Reference materials
[1] About us. Binance.com [Quoted date 2020-05-12]
[2] Binance founder Changpeng Zhao: All projects applying for Binance must declare whether they are related to Sequoia. Tencent News [Quoted date 2020-05-12]
[3] Binance: Will not provide services to users in mainland China. Sina Technology [Citation date 2020-05-16]
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