区块链专业术语中英文,区块链术语英文

请查看相关英文文档

A. What does blockchain FOMO mean?

FOMO is a relatively common blockchain term and is the acronym for Fear of Missing Out, which refers specifically to a person’s A fear of missing out. For example, the price of Bitcoin recently exceeded $10,000, and many people are afraid of missing out if Bitcoin continues to rise. This fear of missing out is called FOMO.

In daily life, there are many people who have experienced the FOMO phenomenon. Many people start scrolling through Weibo or Moments as soon as they open their eyes every day, otherwise they will feel panicked and always feel like they will miss something important. In the currency circle, it is manifested by looking at the market software every day and reading various blockchain-related information, for fear that you will miss some important information.

Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. Blockchain is an important concept of Bitcoin. It is essentially a decentralized database.

At the same time, as 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 its Validity of information (anti-counterfeiting) and generation of the next block.

B. The difference between hfil and fil

1. What is the difference between hfil and fil?
HFIL is a digital asset issued based on the ERC20 standard. It is minted with a 1:1 ratio of mortgage. While ensuring the same value as mainstream crypto assets, it also has the flexibility of Ethereum.
FIL is the incentive layer and guarantee layer of IPFS, and is a blockchain project based on IPFS. File Davinci will issue a token - Filecoin. FIL miners are divided into two types: storage miners and retrieval miners. Filecoin is obtained by providing storage space and retrieving data.
Connecting the two major ecosystems of FIL and ETH through HFIL is an important step in Huobi’s long-term commitment to building infrastructure for the industry.

2. Digital Currency
Digital currency is referred to as DC, which is the abbreviation of "Digital Currency" in English. It is an alternative currency in the form of electronic currency. Digital gold coins and cryptocurrency are both digital currencies.
Digital currency is an unregulated, digital currency that is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking Authority defines virtual currency as: a digital representation of value that is not issued by a central bank or authority and is not linked to a legal currency, but which, because it is accepted by the public, can be used as a means of payment or can be transferred, stored or traded electronically. .

3. Blockchain
Blockchain is a term in the field of information technology. Essentially, itIt is a shared database, and the data or information stored in it has the characteristics of "unforgeable", "full traces left", "traceable", "open and transparent" and "collectively maintained". Based on these characteristics, blockchain technology has laid a solid foundation of "trust" and created a reliable "cooperation" mechanism, which has broad application prospects.
Blockchain originated from Bitcoin. On November 1, 2008, a person who called himself Satoshi Nakamoto published the article "Bitcoin: A Peer-to-Peer Electronic Cash System", explaining the P2P-based The architectural concepts of electronic cash systems such as network technology, encryption technology, 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.

C. What is Blockchain

In the simplest terms, a blockchain is a distributed ledger.

To understand what this means, we first have to look at its opposite: a centralized ledger. Because blockchain technology started with finance, we will also introduce it below using banks as an example.

The following is our process for using bank debit card transactions:

You can swipe your card to purchase goods in stores.

The merchant sends a statement to your bank for the agreed upon amount.

Your bank will verify that you may have authorized the purchase.

The bank sends the money to the merchant.

Finally, the bank records this information in its ledger.

There’s a lot of technology involved here, but that’s basically it. The last step is important - the bank records all transactions made by the customer. This ledger goes all the way back to the first transaction the bank made.

This ledger is kept, maintained and regulated by the bank. You can read it in your online bank account, but you can't change it. The bank has complete control. If it decides to make a change, there's nothing you can do about it.

Crucially, if hackers were able to access a bank’s ledger, that could cause a lot of problems. They can change the account balance to make it look like certain transactions never occurred, etc.

This is why distributed ledgers are so cool.

Blockchain Network Visualization

If a bank operates on a distributed ledger, each member of the bank will have a copy of the ledger, and whenever any member of the bank When they make a purchase, they tell every other member of the bank.

Each member will verify the transaction and add itto the ledger (the added records are called "blocks"). This has some important benefits, as there is no centralized authority that can manipulate records. Hackers accessing one ledger won't be a big problem because other ledgers can easily verify it.

On the other hand, it requires a lot of work. In short, the second system is blockchain (at least in financial scenarios).

As mentioned above, blockchain is a decentralized list of transactions. If I send Xiao Ming 2 Bitcoins, I send a message to everyone in the network saying "I am sending Xiao Ming 2 Bitcoins" and they all record the transaction.

The future of blockchain, how will it change our lives?

One thing that is important about blockchain is that it is a public resource and no one really owns it because everyone owns it.

Blockchain is not just science fiction. We don’t need to understand the mechanism behind this technology, but you do need to understand that it may completely change our lives in the next 20 years.

This may sound bold, but remember, 20 years ago we were browsing the Internet on Netscape, using state-of-the-art Motorola flip phones, and buying our first DVD players. At that time, if we imagined that a computer could be held in our hands and that we could buy cars, make payments, and watch movies, it would have been considered a fantasy.

Although the impact of blockchain may not be as obvious as the Internet, nor as tangible as mobile phones, blockchain will effectively solve many worries in daily life. Such as intermediaries cheating people, transaction delays, etc. In our current lives, middlemen are everywhere and we take them for granted as a part of life. If one day these intermediaries cease to exist, you will find that the world will become a different place.

Imagine that by 2040, blockchain may become a mature and widely used technology. When one day you can't live without the blockchain just like you can't live without the Internet now, you will be surprised to find that this decentralized accounting technology has simplified the complexity and become a part of your lifestyle

D. Super detailed collection of blockchain and cryptocurrency industry terms (recommended collection)

Bitcoin Glossary: ​​Every blockchain and cryptocurrency phrase you need to know

< p> Despite the difficulties, blockchain technology has become mainstream. Bitcoin has become a household word, with financial institutions around the world investing in the cryptocurrency or allowing their clients to do so. At the same time, NFT has attracted the participation and appreciation of celebrities from all walks of life.

But despite this, blockchain technology remains very mysterious. Only talented engineers - many of whom were early adopters of cryptocurrencies like Bitcoin and Ethereum - can truly understand this, while it can still be difficult for laypeople.

Below is a glossary of blockchain terms you may find useful. (All phrases in alphabetical order)

Airdrop

An airdrop is when a company drops a cryptocurrency or NFT directly into your wallet. Instead of an IPO, the blockchain service will launch tokens and airdrop them to users who have used the service. There are several reasons for this: it could be pure marketing, as the airdrop raises awareness of the tokens people can invest in, or it could provide governance tokens for the DAO.

A recent example: the Ethereum Name Service allows users to change their wallet number to a wallet name (such as CNET.eth). Last December, it launched its own ENS token, airdropping a certain amount to everyone who uses the service. The more people use the Ethereum name service, the more tokens they get airdropped — worth tens of thousands of dollars in some cases.

Altcoin

Any cryptocurrency that is not Bitcoin or Ethereum is called an Altcoin. Sometimes called "shitcoins."

Binance

The world's largest cryptocurrency exchange, where people buy and trade cryptocurrencies. It is under investigation by the U.S. Department of Justice and the Internal Revenue Service for tax evasion and money laundering.

Blockchain

Blockchain is a "distributed database". Simply put, it is a decentralized ledger that records information in digital “blocks.” Once a block is mined and added to the chain, it cannot be changed, so the blockchain provides a public record of unchangeable data.

There are many different blockchains with varying degrees of decentralization, efficiency, and security. Many people have their own cryptocurrencies - for example, Ethereum is a cryptocurrency built on the Ethereum blockchain.

Bitcoin

Bitcoin is the first cryptocurrency, built on the Bitcoin blockchain. It was created in 2009 by a person or group of people under the pseudonym Satoshi Nakamoto. Only 21 million pieces can be minted, of which approximately 18.9 million are already in circulation.

Burning

Cryptocurrency is "burned" by sending to a wallet that can only receive but not send. Burning mechanisms are often used to create deflationary effects: tokens in circulationThe fewer coins there are, the scarcer the tokens held by investors are.

Buy the dip

This refers to buying more of an asset after its price has fallen. For example, if the price drops by $10,000, a Bitcoin holder might “buy the dip.”

Cold Wallet

A cryptocurrency wallet that is not connected to the Internet. These wallets are safer and less susceptible to scams.

Cross-chain

The ability to send data, tokens or assets from one blockchain to another. This is different from “multi-chain” services that are built to work on multiple blockchains.

Cryptography

A form of information encryption in which data can only be decrypted using a key. Blockchains using a proof-of-work protocol rely on solving extremely complex cryptographic puzzles in order to mine and verify new blocks.

Cryptocurrency

Cryptocurrency is a token native to the blockchain. Cryptocurrencies are typically minted with each new block mined. For example, every time a new Ethereum block is mined, two Ether coins will be obtained as compensation for the miners.

A cryptocurrency is a token. Their birth is their defining factor: other tokens are created using platforms and applications built on top of the blockchain, while cryptocurrencies are built into the blockchain’s protocol.

Decentralized Applications (Dapps)

Abbreviation for Decentralized Applications.

Dao (DAO)

A decentralized autonomous organization. The DAO is an organization that makes decisions through consensus: all holders of governance tokens receive voting rights in organizational decisions, and the solution with the most votes is the DAO's action plan. Imagine a decentralized investment bank, but instead of fund managers making investment decisions, holders of their governance tokens vote on how to invest the funds in their treasury.

Decentralized exchange

Decentralized exchanges are used to buy and trade cryptocurrencies. Unlike typical exchanges, these exchanges use peer-to-peer trading that bypasses any centralized authority. These include Uniswap and SuShiswap.

Decentralized Finance (DeFi)

Abbreviation of "decentralized finance". DeFi is any financial instrument that uses blockchain technology to bypass centralized institutions, such as smart contracts or DAOs.

Diamond Hands

A diamond hand is a person who holds financial assets for the long term or during periods of price volatility.

DYOR

Abbreviation for "Do Your Own Research".

Ethereum (ETH)

A cryptocurrency mined on the Ethereum blockchain. Ethereum has a market capitalization second only to Bitcoin, but is a more commonly used cryptocurrency. Most altcoins are also built on Ethereum and are therefore pegged to Ethereum. Most NFTs are also built on Ethereum, which is why Ether is the primary token used in NFT transactions.

Ethereum

A blockchain that competes with Bitcoin. It aims to take the blockchain technology pioneered by Bitcoin developers and use it for more complex financial instruments such as smart contracts.

Flash loan

Flash loan is a DeFi tool that allows loans to be made without collateral. Flash loans allow you to borrow money to buy an asset, but only if you can buy the asset and repay the interest within the same block. Imagine using a loan to purchase a $1 million house, but the loan will only be approved if you have lined up another buyer who is willing to pay enough for you to repay the loan plus interest.

These loans use smart contract technology.

FUD

Abbreviation for "fear, uncertainty and doubt". This could be legitimate, such as people expressing concerns about the safety or legality or safety of a token or NFT project, such as an organized move to encourage people to sell, lowering the price of an asset.

Gas

Gas is the price you pay to use the Ethereum network. Each transaction requires a gas fee, which depends on how overloaded the blockchain is. Prices typically range from $50 to $500 per transactionUSD, but prices can surge when the network is under heavy load.

Governance token

Governance tokens are cryptocurrencies that give their owners voting rights on a given project. See also: DAO.

GWEI

The cost of gas is expressed in GWEI. As a rough guide, when gwei is below 50, gas will be cheap, and when gwei is above 100, gas will be expensive.

HODL

An intentional misspelling of "hold" used to encourage people to hold their coins during price drops.

Layer 1 and Layer 2

If you dabble in cryptocurrency, you will have heard of Layer 1 and Layer 2 solutions. Layer 1 is the blockchain architecture itself, while Layer 2 refers to the architecture built on top of the blockchain.

For example, take the high gas cost problem of Ethereum as an example. Layer 1 solutions are to make the Ethereum blockchain more efficient, for example by adopting a proof-of-stake protocol. An example of a Layer 2 solution is Immutible X, an exchange built on Ethereum that uses smart contract technology to allow gas-free, carbon-neutral trading.

Liquid Market

A liquid market is a market with a large number of buyers and sellers, which allows buy and sell orders to be completed almost immediately. Cryptocurrency markets are liquid, NFT markets are not. Most legal cryptocurrencies can be bought and sold at any time, as NFT traders are required to list items for sale in the hope that buyers will purchase them manually.

Mainnet

A blockchain protocol for public use will be put into the mainnet. This distinguishes it from a testnet, which is more like a beta release of a blockchain protocol.

Memecoins

Many cryptocurrencies are designed to provide utility or services. Memecoins offer no practical prospects and exist purely as speculative assets. Dogecoin is the most well-known, but there are many, many more.

MetaMask

A browser-based online digital wallet, mainly used for EthereumTransactions on the blockchain.

Mining

Mining is the process of verifying transactions and adding blocks to the blockchain. This usually involves powerful computers solving complex password problems. Crucially, this is also how new cryptocurrencies are added into circulation.

Mining Rig

A powerful computer set up for the specific purpose of mining cryptocurrency.

Mining Farm

A warehouse (or room) of mining equipment that operates around the clock and is used to mine cryptocurrency.

Mint

On the blockchain, minting means verifying information and making it a block on the blockchain.

To "mint" an NFT means to purchase it from its creator during a public sale. The "mint price" is the price at which its creator sells it - for example the "mint price" of Bored Ape Yacht Club is 0.08 Ether. After all NFTs in a collection have been minted, traders who want exposure to the collection need to purchase them from a secondary market like OpenSea.

Multi-chain

Applications or services designed to work with multiple blockchains. This is different from cross-chain applications and services, which are designed to send data or assets from one blockchain to another.

MOON

A sharp surge in price is called "mooning" or "a moon". "To the moon" is a common phrase.

NFT

Non-fungible token. These are digital contracts that prove ownership of digital assets. Currently, they are associated with art, but NFTs can prove ownership of any number.

Off-Chain/On-chain

On-chain refers to things that exist on the blockchain, and off-chain refers to things that exist on the blockchain something other than something. Cryptocurrencies are on-chain currencies, and fiat currencies are off-chain currencies.

OpenSea

It is the largest NFT marketplace, specializing in Ethereum-based NFTs. (NFTs built on different blockchains are often sold on specialized marketplaces. For example, the Solana NFT is sold on Solanat. )

Play to Earn (P2E)

Play to Earn (P2E) games integrate blockchain and reward players with in-game cryptocurrency. Cryptocurrencies in these games can be exchanged for Bitcoin or Ethereum. The most prominent example is Axie Infinity, where players can earn Smooth Love Potion ($SLP).

Proof of Work

Proof of Work (POW) is a consensus mechanism by which blocks are added to the blockchain. Proof-of-work requires miners to solve complex cryptographic puzzles, which require large amounts of energy from powerful mining equipment, in order to verify new blockchain transactions.

Proof-of-work is a secure and decentralized consensus mechanism, but it is notoriously inefficient. This is how the Bitcoin and Ethereum blockchains work, although Ethereum will soon move to a more efficient Proof of Stake.

Proof of Stake

Faced with the huge energy demand of proof of work, Proof of Stake (POS) is a newer consensus mechanism that can mine areas more effectively. piece. Proof of Stake allows cryptocurrency holders to validate new blocks on the relevant blockchain.

They do this by staking their cryptocurrency. Network users stake their cryptocurrency, and if their stake is selected via a random algorithm, they have the opportunity to validate a new block – for which they are rewarded in the form of more cryptocurrency. The more cryptocurrencies are staked, the greater the chance that users will be selected to validate new blocks.

Proof-of-work rewards those who expend the most computing power to solve cryptographic puzzles, while proof-of-stake rewards those who have invested in the cryptocurrency for the long term.

Pump and dump (Pump and mp)

Pump and dump schemes involve artificial incentives for a product, causing people to buy it and raising its price. The pump-and-dump coordinators then sell their assets at inflated prices, causing prices to fall sharply.

These exist in traditional markets but are more common in cryptocurrency trading because the low liquidity of micro-cap cryptocurrencies makes their prices easier to manipulate.

Rug pull)

A carpet pull is when the creator of a cryptocurrency disappears, taking the funds with them. A recent example is the counterfeit Squid Game coins, although these coins are far from rare. “Carpet” is essentially shorthand for “scam.”

Satoshi Nakamoto

A pseudonym for the creator of Bitcoin. The white paper explaining the need for decentralized finance and explaining how Bitcoin works was signed by Satoshi Nakamoto, but no one knows who the real person was. It is speculated that Satoshi Nakamoto was actually several people.

Seed Phrase

When you create a cryptocurrency wallet, you are given a 12-word seed phrase . Every time you log into your wallet on a new device, you will need to use a mnemonic phrase. Never give your mnemonic phrase to anyone.

Sharding

Sharding distributes the network load on the blockchain, allowing more transactions to be processed per second. This sounds boring, but it's very important. Ethereum will integrate sharding next year, which will make using it cheaper and less damaging to the environment.

Shitcoin

Shitcoin is an altcoin that provides no utility, whether it is a memecoin or a void altcoin.

Silk Road

Silk Road was an online black market that was shut down by the FBI in 2013. This is where many people are first exposed to cryptocurrency, as Bitcoin is a popular payment method for illegal goods on the site.

Smart contract

A smart contract is a digital contract that executes itself when required conditions are met. For example, if Wallet X sends 0.08 ether to Wallet Y, Wallet Y sends NFT Z to Wallet X. They are most commonly used for automated trading, but can also be used for more complex purposes, such as quick loans.

Stable coin

Stablecoin is a cryptocurrency pegged to the US dollar. These include Tether and USDC. Their purpose is to allow cryptocurrency traders to keep their coins within the crypto ecosystem withoutWill experience fluctuations in Bitcoin and Ethereum price fluctuations.

Staking

Equity staking is to lock the funds held in the cryptocurrency wallet to support the operation of the blockchain network. Essentially, it involves locking up cryptocurrency to earn rewards. In most cases, the process requires users to participate in blockchain activities using a personal crypto wallet.

The concept of equity staking is closely related to the Proof of Stake (PoS) mechanism. It is used in many other blockchain systems based on PoS or similar.

TLT

Abbreviation for "think long term".

Token

Tokens are various forms of blockchain assets. A cryptocurrency like Bitcoin is a type of token. Other types include governance tokens , which grant holders voting rights in a DAO or service, or utility tokens , which grant access to services based on the number of tokens held.

TXN

Abbreviation for transaction.

Utility Token

A token designed to provide a certain function. These can be access to applications, services or games. Examples include Filecoin, which grants access to blockchain-based digital storage, and Link, which connects smart contracts for off-chain type data.

Vanity Address

Personalized wallet addresses provided by companies such as Ethereum Name Service. It allows you to change your wallet address to a word or phrase of your choice, such as CNET.eth.

Vaporware

Products that were promised but never actually made it to market. The term became popular in the late 1990s with the original dot-com boom and has seen a revival thanks to shady cryptocurrency creators.

Vitalik Buterin

The creator behind the Ethereum blockchain.

Wallet

A cryptocurrency wallet is a place where you can store cryptocurrencies and NFTs. These wallets can be hot or cold wallets - i.e. browser wallets that are connected to the internet or not.Physical hardware. Wallets are read-write, which means they can receive information as well as signatures or online IDs.

Web 3

Web3 is the next iteration of the Internet imagined by blockchain enthusiasts. From the invention of the Internet until around 2005, Web1 was the read-only Internet. Web2 refers to the emergence of users being able to produce content and upload it to the Internet. Web3 will be an Internet integrated with blockchain. Imagine owning your social media posts as NFTs, using a cryptocurrency like Ethereum as a universal currency, and having your wallet as a form of ID rather than an email/password combination.

Whale

A person who holds a large amount of cryptocurrency.

Whitelist

Pre-sale list of cryptocurrencies and NFTs. Whitelisted investors can purchase assets ahead of a public offering, sometimes at a discount.

WAGMI

Abbreviation for "we're all going to make it".

E. 10 important terms you need to know about blockchain! It is necessary to take a look

1. Smart contract

A smart contract is a computer protocol designed to spread, verify or execute contracts in an information-based manner. Smart contracts allow trusted transactions to be made without third parties, which are traceable and irreversible.

2. Timestamp

Timestamp refers to a string or encoded information used to identify the recorded time and date. The international standard is ISO 8601.

3. Turing completeness

Turing completeness refers to the ability of a machine to perform any calculation that any other programmable computer can perform. One example is the Ethereum Virtual Machine (EVM).

4. 51% attack

When a single individual or group exceeds half of the computing power, this individual or group can control the entire distributed network, if they have With some malicious ideas, they may issue conflicting transactions that damage the entire network.

5. Dapp - Decentralized Application

It is an open source application that runs automatically and stores its data on block L with cryptographic tokens in the form of incentives and operate on a protocol that displays proof of value.

6. DAO - Decentralized Autonomous Organization

It can be thought of as a company that operates without any human intervention and hands all forms of control to a set of indestructible Business Rules.

7. DistributedLedger - Distributed Ledger

Data is stored through a distributed node network. A distributed ledger does not have to have its own token, it may be permissioned and private.

8. DistributedNetwork - Distributed Network

A network in which processing power and data are distributed on nodes rather than having a centralized data center.

9. Oracle

An oracle is a trusted entity that introduces information about the state of the external world through signatures, thereby allowing deterministic smart contracts to respond to uncertainty react to the external world. The oracle machine has the characteristics of non-tampering, stable service, and auditability, and has an economic incentive mechanism to ensure the power of operation.

10. Zero-knowledge proof

Zero-knowledge proof was proposed by S.Goldwasser, S.Micali and C.Rackoff in the early 1980s. It refers to the prover's ability to convince the verifier that a certain assertion is correct without providing any useful information to the verifier.

F. What does ICO mean?

ICO is a blockchain industry term, and its full English name is Initial Coin Offering. It is a common way to raise funds for cryptocurrency/blockchain projects. Since the token has a market value, it can be exchanged for fiat currency, thereby supporting the development costs of the project. Therefore, some entrepreneurs will use this method when financing or raising funds for their blockchain projects. Early participants can receive the initially generated cryptocurrency in return.

(6) Further reading of blockchain-related terms in Chinese and English:

The most common ICOs are based on Ethereum (ETH) and BitShares (BTS) ) Blockchain issuance, which provides accounting services and value consensus to achieve global distribution and circulation. ICO participants are very important to the success of a project. They will promote the blockchain project in the community and ensure that the tokens it generates gain liquidity before they can start trading. However, what ICO participants value most is still the potential income brought about by the development of the project or the price appreciation after the token issuance.

G. Explanation of common terms of blockchain

1. Blockchain (BlockChain)

  A blockchain is a sequence of verified blocks, each of which is connected to the previous block, all the way to the genesis block. Blockchain is the underlying technology of digital currencies such as Bitcoin. It is a decentralized distributed shared ledger. Blockchain, artificial intelligence, and big data are known as the three major directions of financial technology.

2. Bitcoin

Bitcoin is the first practical application of blockchain technology. It was originally a peer-to-peer electronic cash (Bitcoin: A Peer -to-Peer Electronic Cash System). Today, Bitcoin has been designed and developed into an open source system based on Satoshi Nakamoto's ideas, as well as a digital currency network built on it.

3. Satoshi Nakamoto

Satoshi Nakamoto is a pseudonym. He is the founder and early developer of Bitcoin. In 2008, Satoshi Nakamoto Published the Bitcoin white paper, Bitcoin: A Peer-to-Peer Electronic Cash System, in Cypherpunk, which established the basic framework of the Bitcoin system. In 2009, he built an open source project for the Bitcoin system and officially announced the birth of Bitcoin. But when Bitcoin gradually became popular, Satoshi Nakamoto quietly left and disappeared from the Internet.

4. Digital Currency (Token)

The initial application form of blockchain is digital currency, and the emergence of blockchain itself also serves digital currency. At present, the best field for blockchain application is the financial field. This is because blockchain technology is more suitable for serving financial scenarios. Digital currency is an alternative currency in electronic form, which is a virtual currency in the virtual world. There are currently tens of thousands of digital currencies issued around the world, and they can be traded with real-world currencies through exchanges, or with other digital currencies.

5. Mining

Bitcoin is likened to digital gold. In the network, through competition for computing power, the right to recognize the block is obtained, and then the block is obtained. Token rewards and transaction fee rewards, and this method is the way to obtain the initial Bitcoin in the system, just like gold and silver were mined from the ground back then, so it is called mining. .

6. Miner

The node that provides computing power for mining is called a miner. Of course, it sometimes also refers to the owner of the node.

7. Public Keys/Private Keys

Public keys and private keys are asymmetric encryption algorithms, which are also an improvement on the previous symmetric encryption algorithms. The symmetric encryption algorithm uses a set of passwords to encrypt and decrypt. If you know the encryption password, you can decipher the ciphertext. The asymmetric encryption algorithm uses two sets of passwords, using the public key to encrypt and the private key to decrypt. In this way This ensures the security of the password. In the Bitcoin system, the private key is essentially an array of 32 bytes. The generation of the public key and address depends on the private key. With the private key, the public key and address can be generated, and the corresponding address can be used. Bitcoin.

8. Hash value (Hash)

The hash algorithm maps a binary value of any length into a smaller binary value of a fixed length. This small binary value is the hash value. Hope value. A hash value is a unique and extremely compact numerical representation of a piece of data. Changing even one letter in a piece of plaintext will result in a huge difference in the resulting hash value. Finding two different inputs that correspond to the same hash value is basically computationally impossible.

9. Consensus

As a data structure that stores data in chronological order, blockchain can support different consensus mechanisms. The consensus mechanism is an important component of blockchain technology. The goal of the blockchain consensus mechanism is to enable all honest nodes to maintain a consistent view of the blockchain while satisfying two properties:

(1) Consistency. The prefix part of the blockchain saved by all honest nodes is exactly the same.

(2) Effectiveness. The information published by an honest node will eventually be recorded in its own blockchain by all other honest nodes

10. Wallet

The Bitcoin wallet does not exist Balance, there is no concept of "balance" in the Bitcoin world. The wallet here refers to the client or software that saves the Bitcoin address and private key. You can use it to receive, send and store your Bitcoins.

H. The birth of the Chinese term blockchain

Blockchain was born in 2009. It was Satoshi Nakamoto who first used this English word for Bitcoin.

Block can be used as both a noun and a verb in English.
The noun means block, block, building, obstacle, etc. It can also be used to mean block.
Verb meaning to prevent, block, restrict.

The pronunciation of chain is [tʃen], and it can also be used as both a noun and a verb.
The noun means chain, chain, chain, continuity, restraint, chain store, etc.
The verb means to chain, imprison, bind, etc.

The Chinese name is "blockchain" based on the noun meanings of the two English words block and chain, combining their respective translations.

The word "chain" is relatively easy to translate. The original meaning of chain is relatively clear and there is no ambiguity.
"Block" was translated in various ways at the beginning, and "block chain" was relatively popular. Finally, it was proposed by Yuandao Daxian and translated into a combination of "district" and "block", which is very appropriate.

The translation of blockchain is easy to understand based on the Chinese literal meaning. A "chain" composed of a large number of "blocks" links massive amounts of data together, connecting each other and proving each other.

The blockchain is a shared decentralized general ledger, jointly maintained by all computing nodes participating in the exchange. Each node has its own ledger backup, and all records cannot be maintained by any one node alone. Change.
This is a "pass" without a center.

I. What does blockchain mint mean?

Refers to blockchain mint. mint means mint.

Blockchain is a term in the field of information technology.

Essentially, it is a shared database. The data or information stored in it has the characteristics of "unforgeable", "full traces left", "traceable", "open and transparent" and "collectively maintained". .

Based on these characteristics, blockchain technology has laid a solid foundation of "trust", created a reliable "cooperation" mechanism, and has broad application prospects.

From a technological perspective, blockchain involves many scientific and technological issues such as mathematics, cryptography, Internet and computer programming.

From an application perspective, in simple terms, blockchain is a distributed shared ledger and database that is decentralized, cannot be tampered with, leaves traces throughout the process, can be traced, collectively maintained, and is open and transparent. Features.

These characteristics ensure the "honesty" and "transparency" of the blockchain and lay the foundation for the blockchain to create trust. The rich application scenarios of blockchain are basically based on the ability of blockchain to solve the problem of information asymmetry and achieve collaborative trust and consistent action among multiple subjects.

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

Blockchain is an important concept of Bitcoin. It is essentially a decentralized database.At the same time, as the underlying technology of Bitcoin, it is a series of 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 the information (anti-counterfeiting) and generate the next block.