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A. What is blockchain technology? What are the core components of blockchain technology?
What is blockchain technology? What are the core components of blockchain technology? What is blockchain technology:
Blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm, etc. 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. 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 its information (anti-counterfeiting) and generate the next block.
The core components of blockchain technology:
Blockchain mainly solves the trust and security issues of transactions, so it proposes four technological innovations to address this issue:
The first one is called distribution A type of ledger means that transaction accounting is completed by multiple nodes distributed in different places, and each node records a complete account, so they can all participate in supervising the legality of the transaction and can also jointly testify for it.
Different from traditional distributed storage, the uniqueness of blockchain distributed storage is mainly reflected in two aspects: First, each node of the blockchain stores complete data according to the block chain structure. Traditional distributed storage generally divides data into multiple parts for storage according to certain rules. Second, the storage of each node in the blockchain is independent and of equal status, relying on the consensus mechanism to ensure storage consistency, while traditional distributed storage generally synchronizes data to other backup nodes through the central node. [8]
No node can record ledger data independently, thus avoiding the possibility of a single bookkeeper being controlled or bribed to record false accounts. Also because there are enough accounting nodes, theoretically, unless all nodes are destroyed, the accounts will not be lost, thus ensuring the security of the accounting data.
The second one is called asymmetric encryption and authorization technology. The transaction information stored on the blockchain is public, but the account identity information is highly encrypted and can only be accessed with authorization from the data owner. This ensures data security and personal privacy.
The third one is called the consensus mechanism, which is how all accounting nodes reach a consensus to determine the validity of a record. This is both a means of identification and a means of preventing tampering. Blockchain proposes four different consensus mechanisms, which are suitable for different application scenarios and strike a balance between efficiency and security.
The consensus mechanism of the blockchain has the characteristics of "the minority obeys the majority" and "everyone is equal". "The minority obeys the majority" does not entirely refer to the number of nodes, but can also be computing power, the number of shares, or other factors. calculateFeature quantities that the machine can compare. "Everyone is equal" means that when a node meets the conditions, all nodes have the right to give priority to the consensus result, which will be directly recognized by other nodes and may eventually become the final consensus result. [8]
Taking Bitcoin as an example, it uses proof of work. Only when more than 51% of the accounting nodes in the entire network are controlled, it is possible to forge a non-existent record. When there are enough nodes joining the blockchain, this is basically impossible, thus eliminating the possibility of fraud.
The last technical feature is called smart contracts. Smart contracts are based on these trustworthy and non-tamperable data and can automatically execute some predefined rules and terms. Take insurance as an example. If everyone's information (including medical information and risk occurrence information) is true and trustworthy, it will be easy to automate claims settlement in some standardized insurance products.
In the daily business of insurance companies, although transactions are not as frequent as those in the banking and securities industries, the reliance on trusted data continues unabated. Therefore, the author believes that using blockchain technology from the perspective of data management can effectively help insurance companies improve their risk management capabilities. Specifically speaking, it is mainly divided into risk management of policyholders and risk supervision of insurance companies.
Chongqing Jinwowo Analysis: The consensus mechanism is the core of blockchain technology. The consensus mechanism largely determines the degree of mutual trust between nodes in the entire blockchain system, and also determines other users’ views on the blockchain. The degree of trust in online data
What is the core component of blockchain technology? Analysis by Chongqing Jinwowo: Blockchain technology consists of three core technologies: consensus mechanism, common defense mechanism, and distributed storage.
The three core technologies are supported by machine trust, that is, through the support of network technology, breakthroughs in difficult problems such as point-to-point transaction, decentralization, non-tampering of recorded information, irreversible transactions, and information encryption are achieved through network technology support.
The development of blockchain technology is becoming more and more prosperous with the continuous expansion of applications. This powerful development force coming from the needs of various industries has caused rapid changes in blockchain technology, allowing various industries to achieve great results. The results are attracting more and more attention, and professional technologies and resources are constantly concentrated in this industry, thus bringing the development of blockchain technology to a new stage, and the impact of this development of blockchain technology has also 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 way to collectively maintain reliable data through "decentralization" and "trustlessness".Database technical solutions. 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 It 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 has a timestamp that cannot be tampered with. It 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. It has various functions for payment, clearing, transaction, confirmation of rights, etc. 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 been widely used in the era of big data." Li Yan said frankly that in addition to the Internet financial field, blockchain technology has been used in many industries. It 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 production and life that lacks trust In all fields, blockchain technology will have its place."
The development of blockchain technology has also brought about changes in the operational concepts of various industries. New technologies and new concepts have promoted new developments in various industries. This 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 and watching, expecting this brand-new technology to be used by various industries and better benefit all industries.
The so-called blockchain technology, also known as distributed ledger technology, is an Internet database technology that is characterized by decentralization. , open and transparent, allowing everyone to participate in database records.
Explained in layman’s terms: If the database is assumed to be a ledger, reading and writing the database can be regarded as a bookkeeping behavior. The principle of blockchain technology is to find out the fastest and best bookkeeping within a period of time. This person will keep accounts, and then send this page of information to everyone else in the entire system. This is equivalent to changing all the records in the database and sending them to every other node in the entire network, so blockchain technology is also called a distributed ledger.
What is the core technology of Jinwowo blockchain technology?
Chongqing Jinwowo analyzes the core technologies of blockchain technology as follows:
Distributed ledger technology, asymmetric encryption technology and smart contracts.
The core of the blockchain is that it stores all information in an independent personal computer network, making it a decentralized and distributed structure.
This means that the system is not owned by a controlling company or person, but that everyone can use and run the system.
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What is blockchain technology?Blockchain has been hyped up like crazy, but you know nothing about it!
Blockchain is a distributed database system participated by different nodes and an open ledger system.
It consists of a series of data blocks or data packets generated according to cryptographic methods, that is, blocks. Each block of data information is automatically timestamped, thus Calculate a data encryption value, that is, a hash value (hash).
Blockchain technology is essentially a distributed accounting technology. It allows everyone to have an instantly synchronized account book in their hands. Every transaction that occurs in the entire network will have thousands of backups and synchronous records. When perpetrators attempt to tamper with ledger data, they must change the ledger in the hands of the majority of people to achieve their goal.
B. Introduction to Blockchain Technology What is Blockchain Technology
1. Blockchain technology is one of the top ten typical judicial technology applications on the Internet.
2. Blockchain is a term in the field of information technology. In essence, it 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.
3. Generally speaking, the blockchain system consists of data layer, network layer, consensus layer, incentive layer, contract layer and application layer.
4. Among them, the data layer encapsulates the underlying data blocks and related data encryption and timestamps and other basic data and basic algorithms; the network layer includes distributed networking mechanisms, data dissemination mechanisms and data The verification mechanism is obvious; the consensus layer mainly encapsulates various consensus algorithms of network nodes; the incentive layer integrates economic factors into the blockchain technology system, mainly including the issuance mechanism and distribution mechanism of economic incentives; the contract layer mainly encapsulates various Class scripts, algorithms and smart contracts are the basis of the programmable features of the blockchain; the application layer encapsulates various application scenarios and cases of the blockchain. In this model, the chain block structure based on timestamps, the consensus mechanism of distributed nodes, economic incentives based on consensus computing power, and flexible programmable smart contracts are the most representative innovations of blockchain technology.
5. The consensus mechanism of the blockchain has the characteristics of "the minority obeys the majority" and "everyone is equal". Among them, "the minority obeys the majority" does not entirely refer to the number of nodes, but also to computing power. , number of shares, or other characteristic quantity that a computer can compare. "Everyone is equal" means that when a node meets the conditions, all nodes have the right to give priority to the consensus result and be directly replaced by other nodes.After the nodes agree, it may become the final consensus result. Taking Bitcoin as an example, Caizihe uses proof of work. Only if he controls more than 51% of the accounting nodes in the entire network, is it possible to forge a non-existent record. When there are enough nodes joining the blockchain, this is basically impossible, thus eliminating the possibility of fraud.
C. What does blockchain mainly do
Blockchain does not belong to any industry. Blockchain is distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm, etc. New application models of computer technology. In a narrow sense, blockchain is a chain-vertical data structure that combines data blocks in a sequential manner in chronological order, and is cryptographically guaranteed to be non-tamperable and non-forgeable. La distributed ledger.
D. What is the blockchain project
From an academic perspective, blockchain is a new type of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. Application mode. Blockchain is essentially a decentralized database.
It first appeared in 1991 and was used by a group of researchers to time-stamp digital documents. So that these documents cannot be tampered with, the blockchain technology looks like a notary.
However, this technology has not played any other role since then. It was not until 2009 that a person named Satoshi Nakamoto used blockchain technology to create the digital cryptocurrency Bitcoin.
A blockchain is a distributed ledger that is completely open to everyone. It has an interesting property: once the data is recorded in the blockchain, it is difficult to change it. So how exactly does it work? Next, let us first observe the composition of a single block.
Each block contains three important parts:
Data, hash value, and the hash value of the previous block. The data part is related to the type of blockchain. For example, the blocks in the Bitcoin blockchain store relevant transaction information, including sellers, buyers, and the number of Bitcoins traded.
Once a block is created, its hash value is uniquely determined. Changing any content in the block will cause its hash value to change significantly. Variety. That is to say, when you need to check whether a block has been tampered with, you only need to detect whether its hash value has changed. If the hash of a block changes, its content must have changed. It is no longer the same block as before!
The third element contained in the block is the hash value of the previous block. This element allows a chain to be formed between blocks. And it can make the blockchain very safe. For example: suppose we have a blockchain containing three blocks.
E. What is the blockchain for?
What is the blockchain for?
What is the blockchain for?What? There are many things in the world that touch our knowledge blind spots, and blockchain is one of them. However, blockchain is often mentioned, so we also need to understand blockchain. Next, I will take you to understand what blockchain is for.
What is blockchain for? 1Blockchain 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 disintermediated database. As the underlying technology of Bitcoin, it is a series of related cryptographic methods. Each data block contains information about a Bitcoin network transaction, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block.
Applications
1. Art industry
Ascribe allows artists to use blockchain technology to declare ownership and issue certificates. Numbered, limited edition pieces can be digital 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. 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. 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.
3. Development industry
Colu is the first company to allow other companies to issue digital assets. Their ability to "tokenize" various assets has impressed many people. While the free Bitcoin wallet Counerparty also allows simple tokens to be issued and traded among other wallet holders, Colu's tokens can be configured in various states and types, be able to 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.
4. Real estate industry
They plan to make the entire industry chain process more modern and solve various problems faced by everyone involved in real estate, including the naming process, land registration, Agency intermediaries, etc.
What is Blockchain 2What is Blockchain
Blockchain is a new application of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. model. Is one of BitcoinIt is an important concept. It is essentially a decentralized database, and 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, prevent counterfeiting and generate the next block. It is a set of data storage mathematical architecture constructed in a way that is almost impossible to forge or tamper with, and can be used to store all kinds of valuable data.
The Cyberspace Administration of China issued blockchain information service management regulations on January 10, 2019, which will take effect on February 15, 2019.
What is the blockchain for 3Before talking about the blockchain, let’s talk about the Internet. The Internet is now an indispensable part of us and is closely related to our lives. First of all, the biggest disadvantage is It can only transmit information. The key is that the information data on the Internet can be set artificially. For example, it is often said to browse Weibo and so on. Secondly, there are bugs in the Internet environment, which means that there cannot be equality in data ownership. This is to say that there are some disadvantages of the Internet.
Putting aside what blockchain is, let’s talk about the Internet and blockchain. Blockchain and the Internet are a parallel relationship, and they can also be a continuation of each other’s complement. So what is a blockchain? A blockchain is actually a series of data blocks that are associated using cryptographic methods. Simply put, there are many data blocks connected in a certain time sequence. It can also be said that a blockchain is a ledger. , but the account book is different from the ordinary computer account book. The blockchain account book is jointly kept by all computers in the world. The biggest feature is that it cannot be tampered with.
What can the blockchain do?
1. Machine trust
In professional terms, it is because of the blockchain The tamper-proof nature of technology fundamentally changes the centralized credit model. Build lowest-cost credit with code. In other words, as long as the code on the blockchain is executed, there is no need to worry about the possibility of stopping midway. Creating a new era of machine trust. Blockchain is expected to lead us from personal trust to the era of machine trust. In other words, his trust cost is close to zero.
2. Value transfer
The Internet can only transfer information but cannot realize the value of information. In other words, the transition from the information Internet to the value Internet will Some fundamental changes occur. Blockchain transfer will be more convenient, while also achieving low-cost transfer of value.
3. Smart contract
This is also one of the most obvious features of the blockchain. When a pre-programmed condition is triggered, the smart contract begins execution and cannot be interrupted by either party, and cannot be deleted, modified, etc. until the end of the contract.
4. Token mechanism
Token mechanism is actually a form of value circulation.Tokenization of physical or virtual assets can be done directly through the network, mainly to reduce costs, save time and cross borders. It can also be understood as proof of rights and interests. Xunlei and "LinkToken" all belong to the "Token" blockchain.
Blockchain characteristics
It has the characteristics of decentralization, anonymity, autonomy, openness, traceability, non-tampering, collective maintenance and no need for recognition. At present, we often talk about the following types of blockchains: public chain, private chain, alliance chain and side chain.
The application value of blockchain
1. Blockchain information security
Information security is one of the biggest features of blockchain, such as Facebook some time ago The leaks brought some negative social impacts. On May 8, Facebook established a blockchain department to study how to use blockchain technology.
2. Underlying technology
This is one of the most imaginative and core technologies of the blockchain. This is a highly professional academic. Let’s give a simple example. , the most famous project of this underlying technology is Ethereum.
3. Bass service
This is a series of services provided by using data generated by the blockchain, such as queries, etc. In terms of network and Tencent, both have launched their own Bass services. .
Where are the five blockchains mainly used?
At present, relatively mature areas include blockchain + medical care, blockchain + Internet of Things, blockchain + culture and entertainment, blockchain + public welfare, etc.
F. Blockchain technology concept
Blockchain technology concept
Blockchain technology concept, nowadays, blockchain has become the In the field of concern, many companies have already studied the technology in depth, but there are still people who don’t know much about it. Below I will share an article about the concept of blockchain technology.
Blockchain technology concept 1Basic concepts and working principles of blockchain
1. Basic concepts
Blockchain is a distributed data storage, point-to-point New application models of computer technologies such as transmission, consensus mechanisms, and encryption algorithms. The so-called consensus mechanism is a mathematical algorithm that establishes trust and obtains rights and interests between different nodes in the blockchain system.
Blockchain is an important concept of Bitcoin. It is essentially a decentralized database and serves as the underlying technology of Bitcoin. The blockchain is a series of data blocks generated using cryptographic methods. Each data block contains information about a Bitcoin network transaction, which is used to verify the validity of the information, prevent counterfeiting, and generate the next block.
In a narrow sense, blockchain is a method of storing data blocks in chronological order.A chained data structure composed of sequential connections, and a cryptographically guaranteed distributed ledger that cannot be tampered with or forged.
Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, and uses cryptography to ensure data transmission and access. It is a new distributed infrastructure and computing method that uses smart contracts composed of automated script codes to program and operate data securely.
2. Working principle
The blockchain system consists of data layer, network layer, consensus layer, incentive layer, contract layer and application layer. Among them, the data layer encapsulates the underlying data blocks and related basic data and algorithms such as data encryption and timestamps; the network layer includes distributed networking mechanisms, data dissemination mechanisms, and data verification mechanisms; the consensus layer mainly encapsulates network nodes Various consensus algorithms; the incentive layer integrates economic factors into the blockchain technology system, mainly including the issuance mechanism and distribution mechanism of economic incentives; the contract layer mainly encapsulates various scripts, algorithms and smart contracts, and is the core of the blockchain The basis of programmable features; the application layer encapsulates various application scenarios and cases of the blockchain. In this model, the chain block structure based on timestamps, the consensus mechanism of distributed nodes, economic incentives based on consensus computing power, and flexible programmable smart contracts are the most representative innovations of blockchain technology.
Blockchain mainly solves the trust and security issues of transactions, so it proposes four technological innovations to address this issue:
1. Distributed The ledger means that transaction accounting is completed by multiple nodes distributed in different places, and each node records a complete account, so they can all participate in supervising the legality of the transaction and can also jointly testify for it.
Different from traditional distributed storage, the uniqueness of blockchain distributed storage is mainly reflected in two aspects: First, each node of the blockchain stores complete data according to the block chain structure. For data, traditional distributed storage generally divides the data into multiple parts for storage according to certain rules. Second, the storage of each node in the blockchain is independent and of equal status, relying on the consensus mechanism to ensure storage consistency, while traditional distributed storage generally synchronizes data to other backup nodes through the central node. [8]
No node can record ledger data independently, thus avoiding the possibility of a single bookkeeper being controlled or bribed to record false accounts. Also because there are enough accounting nodes, theoretically, unless all nodes are destroyed, the accounts will not be lost, thus ensuring the security of the accounting data.
2. Asymmetric encryption and authorization technology. Transaction information stored on the blockchain is public, but account identity information is highly encrypted and can only be accessed with authorization from the data owner. , thus ensuring data security and personal privacy.
3. The consensus mechanism is how all accounting nodes reach a consensus to determine the validity of a record. This is both a means of identification and a means of preventing tampering. Blockchain proposes four different consensus mechanisms, which are suitable for different application scenarios and strike a balance between efficiency and security.
The consensus mechanism of the blockchain has the characteristics of "the minority obeys the majority" and "everyone is equal". "The minority obeys the majority" does not entirely refer to the number of nodes, but can also be the computing power and the number of shares. Or other characteristic quantities that the computer can compare. "Everyone is equal" means that when a node meets the conditions, all nodes have the right to give priority to the consensus result, which will be directly recognized by other nodes and may eventually become the final consensus result. Taking Bitcoin as an example, it uses proof of work. Only when more than 51% of the accounting nodes in the entire network are controlled, it is possible to forge a non-existent record. When there are enough nodes joining the blockchain, this is basically impossible, thus eliminating the possibility of fraud.
4. Smart contracts. Smart contracts are based on these trustworthy and non-tamperable data. Some predefined rules and terms can be automatically executed. Take insurance as an example. If everyone's information, including medical information and risk occurrence information, is true and trustworthy, it will be easy to implement automated claims settlement in some standardized insurance products.
3. Others
The Internet exchanges information, and the blockchain exchanges value. Human history and the history of the Internet can be understood in eight words: if they are divided for a long time, they must be combined. For a long time, they must be combined. In the era of long-term separation, all network information is scattered on the Internet. It is very difficult for everyone to mine information. At this time, platforms such as Google and Facebook will appear. , the only thing it does is recombine all our information. In the Internet era, what the monopoly giants reorganize is information, rather than generating their own information. The information generated is entirely our own. Once the information is reorganized, a new monopoly giant will emerge, so it will be an era of long-lasting separation. Now, due to the emergence of blockchain technology, it has entered an era of long-term integration and inevitable division. It is a new multi-centralization. After the new multi-centralization, new value will be generated. These data will be in our own hands, and personal data will generate value. It belongs to oneself. This is the most exciting era of this era.
What is the value of blockchain? A low-cost mechanism to establish trust, establish data rights, and resolve data property rights.
At present, blockchain technology continues to develop, including the current development of single chains to multi-chains, and the technology can be further expanded. I think there may still be disruptions in the future, especially in transactions and other aspects. , especially many disruptive scenarios for existing industries.
The essence of blockchain is to establish trusted information exchange on untrustworthy networks.
One Belt, One Road + One Chain. The greater thing about blockchain is not to create trust, but to allow trust to generate lossless transmission.Delivery, reducing social friction costs as a whole, thereby improving overall benefits.
The blockchain itself is still in its initial stage, so it includes the information transmission and encryption of the blockchain. Quantum encryption and other encryption appear in this process, which actually attacks the encryption algorithm used by the blockchain itself. This phenomenon also occurs from time to time. Including blockchain is also a recognition of assets, a recognition of digital assets, but now many of us use cryptographic algorithms, or as the key for us to decrypt, but if you forget the password, it is very likely that your current assets will be lost. If you lose them, you won't be able to get back your original assets. Therefore, there are still some hidden dangers in asset management, including information transmission and some security aspects. Of course, from a technical perspective, the processing speed of our blockchain itself, or its scalability, is because from the perspective of the working mechanism, the entire ledger must be copied to all participants, so in the blockchain Its operational efficiency and scalability are still relatively limited. We feel that these still need further development in terms of technology.
The underlying technologies of the blockchain platform also form blockchain wallets, blockchain browsers, node elections, mining machines, mining pools, development components, development modules, technical communities and project communities. and a series of ecosystems. The perfection of these ecosystems directly determines the efficiency and effectiveness of the underlying platform of the blockchain.
4. Mundell’s Impossible Triangle
It is impossible to achieve the ultimate in decentralization, efficiency, and security at the same time.
Blockchain technology concept 2The essence of blockchain is a distributed accounting technology, as opposed to centralized accounting technology, which is widely used in our current lives. exist. 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 related cryptographic methods. Each data block contains a batch of Bitcoin network transaction information, which is used to verify the validity and anti-counterfeiting of the information 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-transformable. Fake distributed 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, and uses cryptography to ensure data transmission and access. It is a new distributed infrastructure and computing method that uses smart contracts composed of automated script codes to program and operate data securely.
BlockchainThe popular understanding of technology is: using a technology to connect the front, back, left and right blocks of "things" into a chain, but the original data of each block cannot be tampered with. It is an Internet of Things category that allows The technology of “linking each module” that participants trust. The application of blockchain technology is inseparable from the Internet and the Internet of Things. It is based on the integration and interaction of the two, but allows participants to remain independent, decentralized, and work together. With this set of value chain co-construction and sharing, technology.
Characteristics of blockchain: decentralization, openness, autonomy, information cannot be tampered with, and anonymity.
Blockchain is a network that can deliver value. The demand for a network that can deliver value is an important reason for the emergence of blockchain technology. Blockchain emerged driven by the need to protect information with ownership or other value. Through public and private key cryptography, distributed storage and other technical means, the blockchain ensures on the one hand the efficient transmission of valuable information, and on the other hand ensures that this information will not be easily copied and tampered with during the transmission process.
Understand the connotation of blockchain from the inevitability of its birth. Blockchain is a distributed accounting technology that solves the shortcomings of centralized accounting and solves the problem of distributed consistency. It is also a The connected Internet is upgraded to a value network that ensures the safe and efficient transmission of valuable information.
Blockchain Technology Concept 3Blockchain: Blockchain is like a globally unique account book, or database, which records the history of all transactions in the network.
Ethereum Virtual Machine (EVM): It allows you to write more powerful programs on Ethereum and script programs on Bitcoin. It is also sometimes used to refer to the Ethereum blockchain, which is responsible for executing smart contracts and everything.
Node: You can run a node to read and write to the Ethereum blockchain, that is, using the Ethereum Virtual Machine. Full nodes require downloading the entire blockchain. Light nodes are still under development.
Miner: Mining, that is, the node that processes blocks on the blockchain. You can see some of the currently active Ethereum miners on this page: stats.ethdev.com.
Proof of Work: Miners are always competing to solve some mathematical problem. The first one to solve the problem (calculate the next block) will be rewarded with Ether coins. All nodes then update their own blockchain. All miners who want to figure out the next block have an incentive to stay in sync with other nodes and maintain the same blockchain, so the entire network can always reach consensus. (Note: Ethereum is planning to move to a proof-of-stake system (POS) without miners, but that is beyond the scope of this article.)
Ethereum: Abbreviation ETH. A true digital currency that you can buy and use. Here is a chart from one of the exchanges where you can trade Ethereum. At the time of writing, 1 Ether is worth 65 cents.
Gas: Executing programs and saving data on Ethereum consumes a certain amount of Ethereum. Gas is converted from Ethereum. This mechanism is used to ensure efficiency.
DApp: The Ethereum community calls applications based on smart contracts decentralized applications (Decentralized App). The goal of DApp is (or should be) to have a friendly interface for your smart contracts, plus some extras, such as IPFS, a decentralized network that can store and read data, not from the Ethereum team but in a similar spirit ). DApp can run on a centralized server that can interact with Ethereum nodes, or it can run on any Ethereum equal node. (Take a minute to think about this: Unlike ordinary websites, DApps cannot run on ordinary servers. They need to submit transactions to the blockchain and read important data from the blockchain rather than a centralized database. Compared to typical users When logging into the system, the user may be represented as a wallet address and other user data is stored locally. Many things will be structured differently from current web applications.)
Ethereum client, smart contract language
p>Writing and deploying smart contracts does not require you to run an Ethereum node. Browser-based IDEs and APIs are listed below. But if you are just learning, you should still run an Ethereum node to understand the basic components, and running a node is not difficult.
Clients available for running Ethereum nodes
Ethereum has many client implementations in different languages, that is, multiple methods of interacting with the Ethereum network, , including C++, Go, Python, Java, Haskell, etc. Why do we need so many implementations? Different implementations can meet different needs. For example, the goal of Haskell implementation is to be mathematically verifiable, to make Ethereum more secure, and to enrich the entire ecosystem.
At the time of writing this article, I am using the client geth (go-ethereum) implemented in the Go language. At other times, I also use a tool called testrpc, which uses the Python client pyethereum. Later examples will use these tools.
About mining: Mining is fun, a bit like caring for your houseplant, but also a way to learn about the entire system. Although the current price of Ethereum may not even cover the electricity bill, who knows in the future. People are creating many cool DApps that may make Ethereum more and more popular.
Interactive console: Once the client is running, you can synchronize the blockchain, create a wallet, and send and receive Ethereum. One way to use geth is through the Javascript console. You can also use cURL-like commands to communicate with clients via JSON RPCterminal interaction. The goal of this article is to take you through the process of DApp development, so I won’t go into details about this. But we should remember that these command line tools are useful for debugging, configuring nodes, and using wallets.
Running the node on the test network: If you run the geth client on the official network, it will take quite a while to download the entire blockchain and synchronize with the network. You can determine if synchronization has occurred by comparing the last block number printed in the node logs with the latest block listed on stats.ethdev.com. ) Another problem is that running smart contracts on the official network requires real Ethereum. Running the node on the test network does not have this problem. At this time, there is no need to synchronize the entire blockchain. Just create your own private chain, which saves time for development.
Testrpc: Use geth to create a test network. Another faster way to create a test network is to use testrpc. Testrpc can help you create a bunch of test accounts with funds at startup. It also runs faster and is therefore better suited for development and testing. You can start with testrpc, and then as the contract slowly takes shape, move to the test network created by geth - the startup method is very simple, you only need to specify a networkid: geth --networkid "12345". Here is the code repository for testrpc, we will talk about it again below.
Next, let’s talk about the available programming languages, and then we can start the real programming. Solidity is the programming language used to write smart contracts.
There are several languages to choose from for writing smart contracts: Solidity, which is somewhat similar to Javascript, has a file extension of .sol. Serpent, which is similar to Python, has a file name ending in .se. There is also a Lisp-like LLL. Serpent has been popular for a while, but now the most popular and stable one is Solidity, so just use Solidity. I heard you like Python? Use Solidity.
solc compiler: After writing the smart contract with Solidity, you need to use solc to compile it. It is a component from a C++ client implementation. Again, different implementations complement each other. Here is how to install it. If you don't want to install solc, you can also use a browser-based compiler, such as Solidity real-time compiler or Cosmo. The programming sections below will assume you have solc installed.
web3.js API. After the Solidity contract is compiled and sent to the network, you can use Ethereum's web3.js JavaScript API to call it, build web applications that can interact with it.
G. What does blockchain mean and what are its main uses
In recent years, a hot word has appeared frequently on the Internet, and that is "blockchain". This word gives It gives people a very noble and powerful feeling, but many people don’t know what blockchain means? And what are the main uses of blockchain? Let’s take a look at the relevant content that has been issued.
Blockchain Blockchain is actually equivalent to a disintermediated database, which is composed of a string of rubber data blocks. Each of its data blocks contains information about a Bitcoin network transaction, which is used to verify the validity of the information and generate the next block. In other words, blockchain is essentially a decentralized database.
In a narrow sense, blockchain is a chain data structure that combines data blocks in a chronological order and is cryptographically guaranteed. Distributed ledger that cannot be tampered with or forged. Broadly speaking, blockchain is actually a distributed infrastructure and computing method that is used to ensure the security of data transmission and access.
In addition, the blockchain is composed of six infrastructures: data layer, network layer, consensus layer, incentive layer, contract layer and application layer. Regarding its role, blockchain is mainly used to solve the trust and security issues of transactions. The above is the relevant content about the meaning and function of blockchain. I hope it can help friends in need.
H. What are the core blockchain technologies of blockchain technology?
What is the hottest Internet topic at the moment? You don’t need to explain it to the editor to know that it is the area. Blockchain technology, but many friends have only heard of this technology and do not have much in-depth understanding of it. So what are the blockchain technologies? Below we will bring you an introduction to the core technology of blockchain for your reference.
What are the core elements of blockchain technology?
Blockchain technology can be a public ledger (visible by anyone) or a permissioned network (visible only by those authorized), which solves supply chain challenges , because it is an immutable record that is shared among network participants and updated in real time.
Blockchain technology----data layer: designing the data structure of the ledger
Core technology 1. Block + chain:
Technically speaking, block is a data structure that records transactions. Reflects 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.
Each block consists of a block header and a block body. The block body is only responsible for recording all transaction information in the previous period, mainly including the number of transactions and transaction details; the block header encapsulates the current version number, previous A block address and timestamp (recording the time when the block was generated)time, accurate to seconds), random number (the value that records the answer to the math question related to the block), the target hash value of the current block, the root value of the Merkle number and other information. From a structural point of view, most functions of the blockchain are implemented by the block header.
Core technology 2. Hash function:
The hash function can convert data of any length into a set of fixed-length codes through the Hash algorithm. The principle is based on a cryptographic one-way hash function. This kind of function is easy to verify, but difficult to crack. Usually, the industry uses y=hash(x) to represent it. This hash function implements operations on x to calculate a hash value y.
Commonly used hash algorithms include MD5, SHA-1, SHA-256, SHA-384 and SHA-512, etc. Taking the SHA256 algorithm as an example, inputting any string of data into SHA256 will result in a 256-bit Hash value (hash value). Its characteristics: the same data input will get the same result. As long as the input data changes slightly (for example, a 1 becomes a 0), a completely different result will be obtained, and the result cannot be predicted in advance. Forward calculation (calculating the corresponding Hash value from the data) is very easy. Reverse calculation (cracking) is extremely difficult and is considered impossible under current technological conditions.
Core technology 3. Merkle tree:
Merkle tree is a hash binary tree, which can be used to quickly verify the integrity of large-scale data. In the blockchain network, the Merkle tree is used to summarize all transaction information in a block, and ultimately generates a unified hash value of all transaction information in the block. Any change in transaction information in the block will cause Merkle tree changes.
Core technology 4. Asymmetric encryption algorithm:
Asymmetric encryption algorithm is a key secret method that requires two keys: public key and private key. The public key and the private key are a pair. If the public key is used to encrypt data, only the corresponding private key can be used to decrypt it, thereby obtaining the corresponding data value; if the private key is used to sign the data, then only the corresponding public key can be used to sign the data. In order to verify the signature, the sender of the verification information is the holder of the private key.
Because encryption and decryption use two different keys, this algorithm is called an asymmetric encryption algorithm, while symmetric encryption uses the same key in the encryption and decryption processes.
Blockchain technology----network layer: realize the decentralization of accounting nodes
Core technology 5. P2P network:
P2P network (peer-to-peer network), also known as point-to-point technology, is no Central server, Internet system that relies on user groups to exchange information. Unlike a centralized network system with a central server, each client in a peer-to-peer network acts as both a node and a server. Domestic Xunlei software uses P2P technology. The P2P network has the characteristics of decentralization and robustness.
Blockchain technology----Consensus layer: allocate the task load of accounting nodes
Core technology 6. ConsensusMechanism:
The consensus mechanism is how all accounting nodes reach a consensus to determine the validity of a record. This is both a means of identification and a means of preventing tampering. There are currently four main types of consensus mechanisms: PoW, PoS, DPoS and distributed consensus algorithms.
PoW (Proof of Work, proof of work): PoW mechanism, which is like Bitcoin’s mining mechanism, miners package existing transactions that have not been recorded by the network into a block, and then continue to traverse and try to find a random number , so that the hash value of the new block plus the random number meets certain difficulty conditions. Finding a random number that meets the conditions is equivalent to determining the latest block of the blockchain, and is also equivalent to obtaining the current round of accounting rights of the blockchain. Miners broadcast blocks that meet the mining difficulty conditions in the Yuanfu network. After verifying that the block meets the mining difficulty conditions and that the transaction data in the block meets the protocol specifications, other nodes in the entire network will each Blocks are linked to their own version of the blockchain, thereby forming a network-wide consensus on the current network state.
PoS (ProofofStake, Proof of Stake): PoS mechanism requires nodes to provide proof of a certain number of tokens to obtain a distributed consensus mechanism for competing for blockchain accounting rights. If you rely solely on the token balance to determine the bookkeeper, you will inevitably make the rich win, which will lead to the centralization of bookkeeping rights and reduce the fairness of the consensus. Therefore, different PoS mechanisms use different methods to increase the amount of money based on the proof of equity. The randomness of accounting rights avoids centralization. For example, in the PeerCoin PoS mechanism, the Bitcoin with the longest chain age has a greater chance of obtaining accounting rights. NXT and Blackcoin use a formula to predict the next accounting node. The more tokens you own, the greater the probability of being selected as an accounting node. In the future, Ethereum will also switch from the current PoW mechanism to a PoS mechanism. Judging from the information currently available, Ethereum's PoS mechanism will use nodes to place bets on the next block. The winner of the bet will receive an additional Ethereum currency award. Those who do not win will be deducted Ether coins to reach consensus on the next block.
DPoS (DelegatedProof-Of-Stake, share authorization certificate): DPoS is easy to understand and is similar to the modern corporate board of directors system. The DPoS mechanism adopted by BitShares is that shareholders vote to select a certain number of witnesses. Each witness has two seconds of authority to generate blocks in order. If the witness cannot generate a block within the given time slice, The block generation authority is given to the witness corresponding to the next time slice. Shareholders can replace these witnesses at any time by voting. This design of DPoS makes the generation of blocks faster and more energy-saving.
Distributed Consistency Algorithm: Distributed Consistency Algorithm is based on traditional distributed consistency technology. Among them are Byzantine fault-tolerant algorithms that solve the Byzantine Generals problem, such as PBFT (Byzantine fault-tolerant algorithm). In addition, distributed consensus algorithms to solve non-Byzantine problems (Pasox, Raft), the detailed algorithm is not explained in this article. This type of algorithm is currently a commonly used consensus mechanism in alliance chain and private chain scenarios.
Taken together, POW is suitable for public chains. If you build a private chain, it is more suitable to use POS because there is no trust problem in verification nodes; and because there are untrustworthy local nodes in the alliance chain, it is more suitable to use DPOS.
Blockchain technology----Incentive layer: Develop a "salary system" for accounting nodes
Core technology 7. Issuance mechanism and incentive mechanism:
Take Bitcoin as an example. Bitcoins are initially rewarded by the system to miners who create new blocks, and this reward is halved approximately every four years. At the beginning, miners were rewarded with 50 Bitcoins for each new block recorded, and this reward is halved approximately every four years. By analogy, by around AD 2140, newly created blocks will no longer receive rewards from the system. By then, the total number of Bitcoins will be approximately 21 million. This is the total number of Bitcoins, so it will not increase indefinitely.
Another source of incentives is transaction fees. When there are no system rewards for newly created blocks, the miners' income will change from system rewards to transaction fees. For example, when you transfer, you can specify 1% of it as a handling fee to be paid to the miner who records the block. If the output value of a transaction is less than the input value, the difference is the transaction fee, which will be added to the incentive for that block. As long as a given amount of electronic currency has entered circulation, the incentive mechanism can gradually be converted to rely entirely on transaction fees, so there is no need to issue new currency.
Blockchain technology----Contract layer: giving the ledger programmable features
Core technology 8. Smart contract:
Smart contract is a set of programmed rules and logic that respond to scenarios. Implemented by decentralized, trusted shared script code deployed on the blockchain. Normally, after the smart contract is signed by all parties, it is attached to the blockchain data in the form of program code, and is recorded in a specific block of the blockchain after being propagated through the P2P network and verified by nodes. Smart contracts encapsulate a number of predefined states and transition rules, scenarios that trigger contract execution, response actions under specific scenarios, etc. The blockchain can monitor the status of smart contracts in real time, and activate and execute the contract by checking external data sources and confirming that specific trigger conditions are met.
The above is what blockchain technologies the editor has brought to you? All content introduced to the core technology of blockchain.
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