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① What is the relationship between blockchain and digital renminbi
Differences:
1. Blockchain and digital currency complement each other and are inseparable. Blockchain is a digital currency One of the means of circulation.
2. Blockchain is the theoretical basis of digital currency. Digital currency is established on the basis of blockchain technology. Blockchain has certain guarantees for the security of digital currency. At the same time, digital currency is a block chain. The most successful application of chain technology.
Since the concept of "digital renminbi" was proposed, digital renminbi has often been compared to cryptocurrencies such as Bitcoin and Ethereum that use blockchain technology. So let’s first figure out what is digital renminbi?
Digital RMB is a legal currency in digital form issued by the People's Bank of China. It is operated by designated operating agencies and redeemed by the public. It is based on a broad account system and supports the loose coupling function of bank accounts. It is compatible with paper Banknotes and coins are equivalent, have value characteristics and legal compensability, and support controllable anonymity.
The concept of digital renminbi has two key points. One is that digital renminbi is a legal currency in digital form; the other is that it is equivalent to banknotes and coins. Digital renminbi is mainly positioned at M0, which is cash and currency in circulation. coin.
But in fact, the digital renminbi only draws on blockchain technology, but as a legal currency, the digital renminbi has centralized characteristics. Executives from major European central banks said that issuing central bank digital currencies does not actually require the use of blockchain technology. The core elements of the digital RMB system framework are "one currency, two databases, and three centers". The technologies used in the use process include NFC and distributed ledger technology.
02 What is blockchain technology?
From a broad perspective, blockchain technology actually uses fast-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 security, a new distributed infrastructure and computing method that uses smart contracts composed of automated script codes to program and operate data.
03 Digital RMB just draws on blockchain technology
Digital RMB has the same characteristics as blockchain technology, such as traceability and non-tamperability. As a legal currency issued by the state, the most important feature of the digital renminbi is the "centralized management model", and one of the core features of the blockchain is "decentralization".
Previously, many countries have issued digital currencies relying on blockchain technology, such as Uruguay, Iran, Senegal, etc., but none of them have become popular.
Executives of major European central banks stated in September 2020: If central banks around the world want to issue digital currencies, they do not actually need to use blockchain technology. Central banks provide central bank digital currencies. "Trust", so after the central bank intervenes, there is no need to use blockchain technology.
In the financial field, blockchain technology is currently used in digital currency, payment and clearing, digital bills and other aspects have received corresponding experimental and small-scale applications.
04 “One coin, two treasury, three centers”
As mentioned earlier, the core elements of the digital RMB system framework are “one currency, two treasury, three centers”. Here we will briefly explain “one coin, two treasury, three centers”. Two warehouses, three centers.” The “one currency” here actually refers to the central bank’s digital currency; the “two databases” refer to the digital currency issuance database (the database that stores the central bank’s digital currency issuance fund) and the digital currency bank database (the database where commercial banks store the central bank’s digital currency); The “three centers” refer to the certification center (responsible for identity information management), registration center (responsible for digital currency ownership registration) and big data issuance center (responsible for analysis of anti-money laundering, payment behavior, etc.).
② Use the relevant knowledge of dialectical materialism to talk about how to draw a bright future for blockchain technology
To create a bright future for blockchain technology, we should insist on using connections Look at problems from a perspective and apply blockchain technology to all aspects of our life, work and study. In addition, we should insist on looking at problems from a development perspective, and adhere to the unity of progress and twists and turns in quantitative and qualitative changes.
③ The philosophical basis of blockchain is
Dialectical materialism and historical materialism
④ How to view the rise of blockchain to national strategy from a dialectical perspective
How to view the rise of blockchain to national strategy from a dialectical perspective
If a new technology is expected to allow China to reform the world level core game rules, then it's just the right time. It just so happens that "blockchain" is exactly the banner we need at this time.
However, the development of blockchain technology still needs time, and its application fields also need to be explored
⑤ Why did someone ask me to learn materialist dialectics
Because it is a high-level way of thinking.
⑥ What is "blockchain"
Blockchain technology is a technology that jointly maintains reliable databases through decentralization and elimination of trust. Four keywords can be used to describe blockchain technology: trust reduction, decentralization, collective maintenance and reliable database.
When we talk about the concept of "blockchain", Bitcoin is definitely a topic that will not be ignored. In recent years, Bitcoin has begun to enter the public eye, especially in 2017, which has continued to skyrocket throughout the year, making many people aware of this emerging thing.
Blockchain is actually the underlying technology of Bitcoin. Bitcoin exists because people on the Internet who don’t know each other can move and trade digital currency through the Bitcoin network. And this is driven by blockchain technology. All Bitcoin transactions are recorded on the blockchain ledger. To a certain extent, in the application of Bitcoin, the blockchain plays the role of the underlying database of the bank transaction system. Both are for "keeping accounts".Although it is not very prudent to refer to the blockchain directly as a "database", for the sake of ease of understanding, let's temporarily call it a decentralized, shared and encrypted database. If described in professional terms, blockchain is a distributed ledger technology.
Blockchain can usually be divided into the following types:
1. Public blockchain. Anyone can access data on a public blockchain, and anyone can issue transactions waiting to be written to the blockchain. Participants in the consensus process (corresponding to miners in Bitcoin at the time) maintain the security of the database through cryptography and built-in economic incentives.
2. Collaborative blockchain. The nodes participating in the blockchain are pre-selected, and there are likely to be good network connections between the nodes. Other consensus algorithms other than proof-of-work can be used on such a blockchain. For example, a blockchain has been established among a hundred financial institutions, and it is stipulated that more than two-thirds of the institutions must agree to reach a consensus. The data on such a blockchain can be either public or shared internally by these node participants.
3. Private blockchain. The participating nodes are only individual users, and the access and use of data are subject to strict permission management. Most of the internally used blockchain technologies announced by some financial institutions recently are vague and may fall into this range.
The blockchain is a public ledger. There is no centralized hardware or management organization. Anyone can automatically verify the authenticity of the ledger and easily discover whether the ledger has been tampered with by others.
In a word, the blockchain is a public ledger that can be verified by everyone.
The concept of being verifiable by everyone is crucial to blockchain.
Bitcoin uses the blockchain to record all transactions, so anyone knows the number of Bitcoins on each account.
So, as a publicly verifiable ledger, what are some use cases for blockchain?
In fact, there are many use cases that can be thought of. Blockchain is suitable for any data that can be recorded on a public ledger. Here are 4 examples:
1. Decentralized domain name server, namely domain currency. The domain name server is actually a ledger that records domain names.
2. Trustless public key encryption, such as https that discards unreliable certification authorities.
3. Ownership records, truthfully record the items and their corresponding owners.
4. Contracts and performance guarantees, the account book truthfully records the parties to the contract and saves the contract text.
But don’t forget that blockchain also has a very important component.
The ledger recorded using blockchain technology will always be updated. New data such as transactions, domain name inputs, records and contracts will be converted into hash values of the same length by the hash algorithm and saved. However, hashing algorithms are not only not free but also very expensive.
Therefore, the ledger itself needs to have a recognition system to recognize the person who enters the block hash value.
In Bitcoin, this system is called mining and is rooted in the Bitcoin protocol. Bitcoin miners use a hash algorithm to convert transactions waiting for verification into hash values, and charge a certain amount of Bitcoin as a service fee.
Therefore, for non-monetary use cases, blockchain needs to find a way to bear the high cost of hashing algorithms.
I would like to remind everyone that my answer mainly focuses on the possible use cases of blockchain technology, and does not cover all aspects of blockchain, such as why hashing algorithms are so expensive. I'm sure you can find a lot of detailed information about Bitcoin and other blockchain applications online.
Supplement
Although blockchain technology has many advantages, there are still some less than ideal use cases. For example, there is no way to convert Bitcoin into any national currency; a ledger with billions of data entries would take up space and be impractical.
Bitcoin has shown the world that blockchain technology is feasible in principle, and people are also trying to solve these increasingly prominent problems, such as technological transformation of Bitcoin or the introduction of a completely Different blockchain technologies. I think the following two methods are worth trying: one is to split the ledger according to certain standards such as the payer address, and the other is to introduce a main blockchain to verify the sub-blockchain. Blockchain technology is ever-changing and dazzling, and it’s unknown whether someone is already making such an attempt. But Bitcoin is still the world's first currency blockchain, what others call a cryptocurrency.
Whether in the technology circle or the financial circle, blockchain has become the hottest word, no one. Blockchain has core advantages such as decentralization and trustlessness, and can perfectly solve problems such as information asymmetry, high transaction costs, and trust of strangers in the development of the sharing economy, making "individual economy" possible. Based on this, blockchain technology is considered to be the core technology that has the greatest potential to trigger the fifth wave of disruptive revolution after steam engines, electricity, information and Internet technology.
In this context, a blockchain craze was born in society, and everyone praised it overwhelmingly. Dialectics tells us that everything has flaws, and only by seeing the pros and cons of things can we make rational decisions. Therefore, in this article, Xue Hongyan (Hong Yanweiyu), a senior researcher at Suning Financial Research Institute, focuses on pouring some cold water on the blockchain.
| What is Blockchain
Blockchain, English Blockchain, has a rather mysterious technological flavor in its name, and can be simply broken down into "data blocks" and "links".Each data block contains all the information exchange data of the system within a certain period of time, and is encrypted using cryptographic methods; the link means that each block has a link relationship with the next block, thus forming a blockchain.
It is generally believed that blockchain has two major characteristics: decentralization and trustlessness. A brief introduction is as follows:
Since each block contains all the information exchange data of the system within a specific period of time, Therefore, each block is equal, and the damage of a single block does not affect the security of the entire system, so the blockchain has decentralized characteristics.
Similarly, since each block contains all the information of the system, the authenticity of the information can be cross-verified. Only by breaking through more than 51% of the nodes can the information be tampered with. In a large enough blockchain system , the cost is extremely high, it can be considered that the information in the blockchain is true, so the blockchain has the characteristics of trustlessness.
Most people’s understanding of blockchain begins with Bitcoin. The relationship between the two is that blockchain is the underlying technology and concept, and Bitcoin is only the most popular application of blockchain at present. .
Maybe the above is not popular enough. Finally, let me summarize, what do you think the blockchain is? Is it a disruptive new technology? NO! According to Xue Hongyan (Hong Yanweiyu), a senior researcher at Suning Financial Research Institute, blockchain is not so much a new technology as it is a new ideological concept. The information encryption and other technologies included in the blockchain have been around for a long time, and it is more of a conceptual innovation. This is also the reason why the blockchain has a huge impact. New technologies will be surpassed sooner or later, ranging from one or two years to four to five years; only innovative ideas have enough energy to affect all aspects of the economy and society.
| Blockchain is expected to change the underlying rules of the financial system
In applications in the financial field, blockchain will change the transaction process and record keeping methods, thus significantly reducing transaction costs. It has significantly improved efficiency and is considered to have a broad market environment in digital currency, cross-border payment and clearing, bill trading, securities issuance and trading, property rights transactions, customer credit reporting, anti-fraud, and anti-money laundering.
Such a good technology is naturally sought after by everyone. Like many traditional financial people, Hong Yanweiyu resisted it at first, thinking that this thing was not that great, and did not do any research specifically. Later, as the research on financial technology gradually deepened, it was discovered that blockchain was an obstacle that could not be bypassed, because whether it was robo-advisory, big data risk control or online lending, they were only technological innovations at the financial business level and risk control level. It has not penetrated the bottom layer of the financial system. What is the underlying layer of the financial system? Naturally, it is payment and settlement, transaction rules and system interaction. What the blockchain changes is precisely the underlying rules.
Therefore, throughout the world, financial institutions are the most active in researching blockchain. If nothing else, they are really afraid. After the decentralization and trustless characteristics of the blockchain are fully utilized,What else do we need as intermediaries from financial institutions? It is estimated that this is also the first feeling of many people who have a preliminary understanding of blockchain.
In this article, Hong Yanweiyu focuses on pouring cold water on this view.
| Subverting the financial system, blockchain still faces two mountains
Marxist dialectics tells us that everything has two sides. The more prominent the advantages, the more obvious the flaws. It’s just the perspective. Just different. The two major problems with blockchain subverting the financial system lie precisely in the two major advantages of decentralization and trustlessness.
First, let’s talk about decentralization. First, we need to clarify a truth. Does centralization necessarily mean low efficiency? Of course not. Within a specific scope, the concentration of resources brought about by centralization can greatly improve efficiency. This is also the reason why human beings evolve from individuals to villages to tribes and then to countries in the process of evolution. Take UnionPay as an example. UnionPay is the clearing and settlement center for the domestic banking industry. After UnionPay is established, each bank only needs to connect with UnionPay to realize transactions with all banks. If it is decentralized, without UnionPay, each bank will need to When communicating with all counterparties, which one is more efficient? Therefore, there is no need to beat centralization to death with a stick. The decentralization feature of blockchain is destined to only play a role in specific fields (that is, fields that are not suitable for centralization). How can it subvert everything?
Furthermore, it is a matter of trust. There is nothing wrong with detrusting itself, but the technical logic behind it is deeply flawed. Blockchain relies on universal accounting to achieve trustlessness, that is, all transaction information is retained in each block for system cross-verification to identify authenticity. Here comes the problem. Each block retains all transaction information. There is no problem on a small blockchain. However, as more and more information is added, it will inevitably lead to an explosive growth of transaction information and will also bring information. Dramatic increase in storage costs. At the same time, the greater the amount of information, the longer cross-validation takes and the lower the efficiency. Therefore, the blockchain solves the trust problem, but it brings about rising costs and declining efficiency.
Nothing in the world is perfect, and the same is true for blockchain.
As a conclusion, Hongyanweiyu wants to clarify that blockchain, as a conceptual innovation, does have great value and can also have a disruptive impact in specific fields. However, the current one-sided thinking about blockchain is problematic. Eastern wisdom tells us that "the most brilliant and the golden mean", in the face of anything, it is wisest to maintain the golden mean.
(Text/Xue Hongyan, senior researcher at Suning Financial Research Institute; WeChat public account: Hongyan Weiyu)
As early as a few years ago, the word "mining" came with Bitcoin is well known for its popularity. Many people know about Bitcoin first and then the blockchain, and they even don’t know about the blockchain yet. By definition, a blockchain is a series of data blocks generated using cryptographic methods. Each data block contains a piece of information about the Bitcoin network.Transaction information is used to verify the validity of its information (anti-counterfeiting) and generate the next block.
I am not a computer technology expert. The following introduction to blockchain comes from reading and comments from expert friends and is for reference only.
If you want to use one word to explain blockchain, it is: distributed accounting.
To understand what this word means, you need to first understand that traditional accounting has a center. For example, in a bank, when you withdraw money from a bank deposit or lend money to others through the bank, the bank is the center. All these transactions are based on the bank's credit. What if the bank cheats? Or is it more serious, is the country cheating? The Kuomintang's indiscriminate issuance of gold yuan coupons at the end of its rule in mainland China, as well as the hyperinflation in Weimar Germany and Zimbabwe, which made the currency less valuable than toilet paper, are very famous examples.
Golden Yuan Coupons
This is the problem that blockchain is aimed at. They believe that decentralized accounting is non-modifiable and non-repudiable. How to achieve decentralized accounting? The basic idea is that all users store all transaction records, and through mathematical methods, it becomes very difficult to illegally modify the ledger. In this way, the reliability of the ledger is guaranteed.
Specifically, all users exhaustively enumerate random number variables, and the first user to obtain a specific required hash function value (Hash) will have the right to record this round of transactions and obtain the corresponding Bitcoins award. It is transmitted in the form of data blocks, and the data blocks are connected into a chain by appending at the end, so it is called a block chain.
After listening to the introduction, you may feel that this idea is interesting, but it is not as exciting or revolutionary as advertised. Your feeling is right. In fact, the basic logic of blockchain has some unavoidable problems.
For example, the current size of the complete Bitcoin public ledger has exceeded 150 G, and is rapidly increasing at a rate of tens of G per year - just to support 5 million users and 30 million transactions per year. If its processing volume is one day comparable to that of Alipay, the size of the Bitcoin ledger will increase by more than 500 terabytes per year. This is equivalent to backing up the Alipay server's storage data on all users' personal computers. Do you think this is a good idea?
For another example, in the traditional banking system, if you lose your password, it is no big deal. Just report it to the system in time, and your wealth will not disappear. But in the blockchain system, if you lose your password, it will be a huge trouble, and your currency will not be recovered. Not happy? Is it surprising?
Blockchain is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithms. The so-called consensus mechanism is the blockchain systemA mathematical algorithm for establishing trust and obtaining rights and interests between different nodes in the system
In layman’s terms, playing mahjong is like playing mahjong. Four people can take turns to be the dealer, playing tricks on each other. The four people have their own ledger records, but If you want to modify the ledger, you must have more than 50% of the modification rights, so the cost of cheating on the ledger is very high.
In the future, blockchain will be used more in finance to combat money laundering and fraud, because all information can be traced, and in culture it can be used for copyright protection, etc.
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I have seen a lot of people’s explanations of blockchain in official terms, and some may not even be clear to the person explaining it. I will explain blockchain in vernacular below to ensure that everyone can read it. Gotta understand.
What is blockchain? Let me give an analogy. In 50 years, you can buy an electric fan from the supermarket. This electric fan will automatically mine coins for you when it is blowing. You can mine coins automatically while using the electric fan. When you use this electric fan, When the fan breaks down, you can use the mined coins to repair the electric fan. Of course, you can also use the mined coins to buy a new electric fan. Many people think wrongly! Wouldn’t the profits of merchants be less? Let me tell you about a certain brand. When the products of this brand are sold to you, the products themselves may even be sold to you at a loss. However, once the number of users becomes large and the users become more sticky, they can be paid through membership fees or service fees. Such small fees or other ways to make profits. Just like this, the mined coins can be purchased and repaired. Although the merchant's profit may be reduced, the merchant has gained more users and greater user stickiness. By this time, it only takes a minute for the merchant to make money.
And the electric fan you bought is equivalent to winding it up for you. What is winding up? If you put your electric fan on the street now, and 10 people come to snatch it, you have no way to prove that the ownership of this electric fan is yours. Once you put it on the chain, it is equivalent to being tied to you. Once it’s settled, you can prove it.
Therefore, the essence of blockchain is to help make people’s lives more convenient. It is equivalent to upgrading on the basis of the Internet, making it safer and more convenient. This is blockchain! It's that simple.
The security of the blockchain is reflected in its irreversibility and the data cannot be tampered with. We all know that in today's society, any data can be modified and conquered by hackers, but the data in the blockchain cannot be changed. Once generated, it cannot be modified unless all users in the blockchain work together. Agree to modify the data, but this is unlikely to happen.
The current blockchain is still very immature, just like the Internet bubble burst in 2000. When the bubble bursts, truly valuable blockchains will be hatched.Internet company.
The wheel of history will not go backwards. Many people are unwilling to accept blockchain. Just like telling you that you can shop online 20 years ago, this is the same ridiculous thing. Time will eventually prove it. .
1. The main function of blockchain is to store information. Any information that needs to be saved can be written to the blockchain and read from it, so it is a database.
2. Anyone can set up a server, join the blockchain network and become a node. In the world of blockchain, there is no central node. Every node is equal and stores the entire database. You can write/read data to any node, because all nodes will eventually be synchronized to ensure that the blockchain is consistent.
3. Everyone works on the same blockchain, everyone publicly shares the current state of the blockchain, everyone agrees on the rules for new data submission and tampering with the blockchain is prohibited. It is difficult to operate in terms of computing power.
If we assume that the database is a ledger, reading and writing the database is an accounting behavior:
Anyone can verify this public ledger, but there is no single The user can control it. Participants in the blockchain system will jointly maintain the update of the ledger: it can only be modified according to strict rules and consensus, and there is a very exquisite design behind this.
(1) Accounting, the system will find the person with the fastest and best accounting within a period of time, let this person do the accounting, and then broadcast the information on this page of the account book to everyone else on the entire network. node, which is equivalent to changing the database record; (consensus mechanism, cryptography)
(2) Verification, other valid nodes in the entire network check the correctness of the block accounting, and stamp the time Stamp to confirm that the block is legal; (timestamp, mathematics)
(3) Form a single chain, that is, compete for the next block after the previous legal block; (smart contract, encryption technology)
p>(4) Storage, the account book is stored in blocks. As transactions increase, new data blocks will be appended to the existing chain to form a chain structure; (distributed structure, information technology) < /p>
(5) Backup, every participating trader is a node of the block network, and each node has a complete backup of the public account book, which is a distributed ledger.
Features
1. The blockchain has no administrator and is completely centerless. It is precisely because it cannot be managed that the blockchain cannot be controlled. Without an administrator, everyone can write data into it. In order to ensure the trustworthiness of the data: the technology of blockchain makes it impossible to tamper with the data once it is written.
2. Close to zero trust cost.
The cycle time required for Internet companies to build their credit is extremely long.For example, it often takes several years for Taobao to build credit. In the blockchain, everyone trusts the code, algorithm and rules, so the cost of trust is extremely low.
3. The marginal cost of constructing and trading assets approaches zero.
If traditional assets are to be used for trading, they need to rely heavily on third parties, such as investment banks, banks, securities firms, etc., for packaging and endorsement, and the fees and thresholds are extremely high. With blockchain, these will not be a problem, and the cost is extremely low.
The value transfer attribute of the blockchain also naturally solves the payment problem, and has the genes to support global payments.
Blockchain, simply put, is the underlying technology that supports ICO (virtual currency). The popular Bitcoin is an application of ICO. In other words, the connotation of blockchain is richer, and its main features are:
1. Blockchain is equivalent to digital trust. Both parties to the transaction can independently enter into digital contracts, and companies providing blockchain services are equivalent to Digital trust company;
2. The purpose and characteristics of the blockchain are "3 de-intermediaries" - de-intermediation, de-currency, and de-sovereignty; yes
3. Bitcoin is An application of blockchain, Bitcoin is a cryptocurrency, and all blockchains apply digital encryption technology;
4. The "3 Go" feature is targeted at the financial industry, and only when high frequency is required Blockchain is only needed in the financial field of transactions;
5. Large platforms with a user base are more suitable for applying blockchain, and small companies’ participation is of little value, so Zuckerberg’s 2018 New Year’s wish includes To study digital cryptocurrency. Kodak also launched a digital currency, sending its stock price soaring.
Furthermore, when it comes to Bitcoin, it can be cashed out and exchanged into the currencies of most countries. Users can use Bitcoin to purchase some virtual items, and they can also use Bitcoin to purchase real-life items. In this sense, Bitcoin is similar to the world's currency, close to gold.
Peter Thiel, co-founder of PayPal and an early investor in Facebook, believes that Bitcoin is "undervalued" by people and compares it to gold. He said: "If one day Bitcoin becomes the online equivalent of gold, then it will have room for appreciation."
But on January 3, the "People's Daily" published an article saying, "Whether it is from The increase can still be seen from the value of the currency itself. There is a bubble in the price of Bitcoin. This is an issue that needs no discussion." Data show that in the past 2017, Bitcoin has skyrocketed and plummeted: within a year, the price skyrocketed by about 20 times, and in one day It fell more than 40% within the period.
Indeed, Bitcoin has risks. However, blockchain with richer connotations obviously still has greater room for development.
Last night, it was revealed on the Internet that Xu Xiaoping, the founder of ZhenFund, encouraged embracing the blockchain in an internal groupScreenshot of Chain Revolution. In his view, the blockchain revolution has indeed arrived. “I strongly encourage everyone internally to embrace the blockchain revolution and learn blockchain technology. This is my understanding after long-term observation and thinking. I feel the responsibility to tell our entrepreneurs. I don’t want my understanding of blockchain The views have been misunderstood as views on ICO."
However, in the context of the collective entry of Internet companies and investment institutions, the government will definitely take measures.
Recently, the U.S. Securities and Exchange Commission (SEC) has expressed concerns about this and shelved the proposal of two U.S. companies to launch a Bitcoin exchange-traded fund (ETF).
In fact, this is only a matter of time. Because the "three-go" feature of blockchain is inherently contradictory to government centralization.
⑦ Analysis of the development path of blockchain technology which is the smooth commercial path
The bright development of blockchain technology has been criticized and praised by major media to this day. , there has been some precipitation. The year 2018 is a hot topic for the application of blockchain. Major companies and start-ups have revealed their own blockchain project news, which has attracted countless attention. There are currently only two blockchain paths in the world.
1. Public chain
Public chain is a decentralized blockchain technology development path. It is mostly used in to C, such as BTC and Ethereum. It is usually Considered a “fully decentralized” blockchain.
The advantages are: 1. Protect users from the influence of developers, absolutely fair and notarized.
2. The access threshold is low and anyone with sufficient technical ability can access.
3. All data is made public by default (participants’ identities are hidden), and their publicity is used to identify and exclude
their own security.
The disadvantages are: 1. The public chain is too "centralized" and is not suitable for commercial-level applications at the current stage, and application expansion is limited.
2. The transaction computing power of the public chain is low (BTC7 transactions/s, ETH40 transactions/s), which cannot match the speed of current commercial transaction volume.
2. Alliance chain
Alliance chain is mainly cooperation between institutions. The nodes between institutions participate in a few transactions, and ordinary users do not participate in a few transactions. The developed applications are mainly for B-end users, and can also be extended to B to C. They are in line with the development and application of commercial-level blockchain technology. Currently, they are in the fields of "blockchain + supply chain finance", "blockchain traceability" and "electronics". It has many applications in “certificate deposit” and has obvious advantages.
Advantages: 1. Not absolutely decentralized, the form of alliance cooperation is more in line with the current commercial-level application of blockchain technology.
2. The participating nodes have high credibility. Participants are all relatively reliable institutions writing into the blockchain nodes, and the application is stable.
3. Transaction processing is efficient, using the consensus algorithm with an average of 20,000 transactions/s and a peak of 100,000 transactions/s, which meets the current market requirements of commercial transactions
.
Through the above comparison, it is not difficult for us to see the differences between the two mainstream approaches to blockchain technology development. Although the public chain meets the requirements of absolute fairness and low-threshold access, some privacy issues need to be redesigned and integrated for the industry. The matching is lacking and the amount of work is huge. At this stage, it is not suitable for practical implementation in commercial applications. A series of advantages of the alliance chain are in line with the requirements of commercial-grade blockchain!
On the issue of how to reasonably develop the alliance chain, the general manager of Wuhan Xianda Blockchain Technology talked about "FBA" The "Federal Byzantine" blockchain technology development model uses multi-node alliance chain consensus certificates to dialectically verify the authenticity of information. The computing power of the consensus algorithm can also efficiently handle a large number of commercial transactions, which can solve commercial price irregularities, certificate traceability, It also has a very good effect on counterfeiting and anti-counterfeiting for complex issues in the transaction process! It is an important path for the development of commercial-grade blockchain technology in the future.
⑧ Why is Ethereum the representative of Blockchain 2.0?
The Blockchain 1.0 era usually refers to the period between 2009 and 2014, represented by Bitcoin. In the development stage of blockchain applications, they were mainly committed to solving the decentralization problem of currency and payment methods; after 2014, developers became more and more focused on solving the technical and scalability deficiencies of Bitcoin. At the end of 2013, Vitalik Buterin released the Ethereum white paper "Ethereum: The Next Generation of Smart Contracts and Decentralized Application Platform", introducing smart contracts to the blockchain, opening up the application of blockchain beyond the currency field, thus opening up the area. Blockchain 2.0 era. (A better digital currency trading platform is in "Bihui")
The so-called smart contract is actually a computer contract that can be automatically executed based on prescribed trigger rules, and can also be regarded as a traditional contract. The digital version was proposed more than 20 years ago by Nick Szabo, an interdisciplinary legal scholar and cryptography researcher. This technology was once not used in actual industries due to the lack of programmable digital systems and related technologies, until the emergence of blockchain technology and Ethereum provided a trusted execution environment.
Compared with Bitcoin, Ethereum is a Turing-complete scripting language that supports developers to create and publish any decentralized applications on the platform. From its birth to the present, the world’s Ethereum-based There are more than 200 decentralized applications.
The chief researcher of BitWindow Blockchain said: The blockchain 2.0 era represented by Ethereum has gradually expanded blockchain technology from the currency and payment fields to the financial field. With the development of technology and the wider application of blockchain, the blockchain 3.0 era that transcends the currency and financial fields will be just around the corner. The article is excerpted from BitWindow, China’s professional blockchain and digital currency industry analysis media, adhering to a neutral, objective and dialectical attitude to gain insight into and interpret the latest trends in blockchain and digital currency.
⑨ What is "blockchain"
Blockchain is a public ledger. There is no centralized hardware or management organization and anyone can Automatically verify the authenticity of the ledger and easily detect whether the ledger has been tampered with by others.
In a word, the blockchain is a public ledger that can be verified by everyone.
The concept of being verifiable by everyone is crucial to blockchain.
Bitcoin uses the blockchain to record all transactions, so anyone knows the number of Bitcoins on each account.
So, as a publicly verifiable ledger, what are some use cases for blockchain?
In fact, there are many use cases that can be thought of. Blockchain is suitable for any data that can be recorded on a public ledger. Here are 4 examples:
1. Decentralized domain name server, namely domain currency. The domain name server is actually a ledger that records domain names.
2. Trustless public key encryption, such as https that discards unreliable certification authorities.
3. Ownership records, truthfully record the items and their corresponding owners.
4. Contracts and performance guarantees, the account book truthfully records the parties to the contract and saves the contract text.
But don’t forget that blockchain also has a very important component.
The ledger recorded using blockchain technology will always be updated. New data such as transactions, domain name inputs, records and contracts will be converted into hash values of the same length by the hash algorithm and saved. However, hashing algorithms are not only not free but also very expensive.
Therefore, the ledger itself needs to have a recognition system to recognize the person who enters the block hash value.
In Bitcoin, this system is called mining and is rooted in the Bitcoin protocol. Bitcoin miners use a hash algorithm to convert transactions waiting for verification into hash values, and charge a certain amount of Bitcoin as a service fee.
Therefore, for non-monetary use cases, blockchain needs to find a way to bear the high cost of hashing algorithms.
I would like to remind everyone that my answer mainly focuses on the use cases in which blockchain technology may be used, and does not cover all aspects of blockchain. For example, the hash algorithm isWhy is it so expensive? I'm sure you can find a lot of detailed information about Bitcoin and other blockchain applications online.
Supplement
Although blockchain technology has many advantages, there are still some less than ideal use cases. For example, there is no way to convert Bitcoin into any national currency; a ledger with billions of data entries would take up space and be impractical.
Bitcoin has shown the world that blockchain technology is feasible in principle, and people are also trying to solve these increasingly prominent problems, such as technological transformation of Bitcoin or the introduction of a completely Different blockchain technologies. I think the following two methods are worth trying: one is to split the ledger according to certain standards such as the payer address, and the other is to introduce a main blockchain to verify the sub-blockchain. Blockchain technology is ever-changing and dazzling, and it’s unknown whether someone is already making such an attempt. But Bitcoin is still the world's first currency blockchain, what others call a cryptocurrency.
Whether in the technology circle or the financial circle, blockchain has become the hottest word, no one. Blockchain has core advantages such as decentralization and trustlessness, and can perfectly solve problems such as information asymmetry, high transaction costs, and trust of strangers in the development of the sharing economy, making "individual economy" possible. Based on this, blockchain technology is considered to be the core technology that has the greatest potential to trigger the fifth wave of disruptive revolution after steam engines, electricity, information and Internet technology.
In this context, a blockchain craze was born in society, and everyone praised it overwhelmingly. Dialectics tells us that everything has flaws, and only by seeing the pros and cons of things can we make rational decisions. Therefore, in this article, Xue Hongyan (Hong Yanweiyu), a senior researcher at Suning Financial Research Institute, focuses on pouring some cold water on the blockchain.
| What is Blockchain
Blockchain, English Blockchain, has a rather mysterious technological flavor in its name, and can be simply broken down into "data blocks" and "links". Each data block contains all the information exchange data of the system within a certain period of time, and is encrypted using cryptographic methods; the link means that each block has a link relationship with the next block, thus forming a blockchain.
It is generally believed that blockchain has two major characteristics: decentralization and trustlessness. A brief introduction is as follows:
Since each block contains all the information exchange data of the system within a specific period of time, Therefore, each block is equal, and the damage of a single block does not affect the security of the entire system, so the blockchain has decentralized characteristics.
Similarly, since each block contains all the information of the system, the authenticity of the information can be cross-verified. Only by breaking through more than 51% of the nodes can the information be tampered with.In a sufficiently large blockchain system, the cost is extremely high. It can be considered that the information in the blockchain is true, so the blockchain has the characteristics of trustlessness.
Most people’s understanding of blockchain begins with Bitcoin. The relationship between the two is that blockchain is the underlying technology and concept, and Bitcoin is only the most popular application of blockchain at present. .
Maybe the above is not popular enough. Finally, let me summarize, what do you think the blockchain is? Is it a disruptive new technology? NO! According to Xue Hongyan (Hong Yanweiyu), a senior researcher at Suning Financial Research Institute, blockchain is not so much a new technology as it is a new ideological concept. The information encryption and other technologies included in the blockchain have been around for a long time, and it is more of a conceptual innovation. This is also the reason why the blockchain has a huge impact. New technologies will be surpassed sooner or later, ranging from one or two years to four to five years; only innovative ideas have enough energy to affect all aspects of the economy and society.
| Blockchain is expected to change the underlying rules of the financial system
In applications in the financial field, blockchain will change the transaction process and record keeping methods, thus significantly reducing transaction costs. It has significantly improved efficiency and is considered to have a broad market environment in digital currency, cross-border payment and clearing, bill trading, securities issuance and trading, property rights transactions, customer credit reporting, anti-fraud, and anti-money laundering.
Such a good technology is naturally sought after by everyone. Like many traditional financial people, Hong Yanweiyu resisted it at first, thinking that this thing was not that great, and did not do any research specifically. Later, as the research on financial technology gradually deepened, it was discovered that blockchain was an obstacle that could not be bypassed, because whether it was robo-advisory, big data risk control or online lending, they were only technological innovations at the financial business level and risk control level. It has not penetrated the bottom layer of the financial system. What is the underlying layer of the financial system? Naturally, it is payment and settlement, transaction rules and system interaction. What the blockchain changes is precisely the underlying rules.
Therefore, throughout the world, financial institutions are the most active in researching blockchain. If nothing else, they are really afraid. After the decentralization and trustless features of the blockchain are fully utilized, what else will the intermediaries of financial institutions do? It is estimated that this is also the first feeling of many people who have a preliminary understanding of blockchain.
In this article, Hong Yanweiyu focuses on pouring cold water on this view.
| Subverting the financial system, blockchain still faces two mountains
Marxist dialectics tells us that everything has two sides. The more prominent the advantages, the more obvious the flaws. It’s just the perspective. Just different. The two major problems with blockchain subverting the financial system lie precisely in the two major advantages of decentralization and trustlessness.
First, let’s talk about decentralization. First, we need to clarify a truth. Does centralization necessarily mean low efficiency? Of course not. Within a specific scope, the resource set brought by centralizationThe efficiency can be greatly improved, which is why human beings evolved from individuals to villages to tribes and then to countries in the process of evolution. Take UnionPay as an example. UnionPay is the clearing and settlement center for the domestic banking industry. After UnionPay is established, each bank only needs to connect with UnionPay to realize transactions with all banks. If it is decentralized, without UnionPay, each bank will need to When communicating with all counterparties, which one is more efficient? Therefore, there is no need to beat centralization to death with a stick. The decentralization feature of blockchain is destined to only play a role in specific fields (that is, fields that are not suitable for centralization). How can it subvert everything?
Furthermore, it is a matter of trust. There is nothing wrong with detrusting itself, but the technical logic behind it is deeply flawed. Blockchain relies on universal accounting to achieve trustlessness, that is, all transaction information is retained in each block for system cross-verification to identify authenticity. Here comes the problem. Each block retains all transaction information. There is no problem on a small blockchain. However, as more and more information is added, it will inevitably lead to an explosive growth of transaction information and will also bring information. Dramatic increase in storage costs. At the same time, the greater the amount of information, the longer cross-validation takes and the lower the efficiency. Therefore, the blockchain solves the trust problem, but it brings about rising costs and declining efficiency.
Nothing in the world is perfect, and the same is true for blockchain.
As a conclusion, Hongyanweiyu wants to clarify that blockchain, as a conceptual innovation, does have great value and can also have a disruptive impact in specific fields. However, the current one-sided thinking about blockchain is problematic. Eastern wisdom tells us that "the most brilliant and the golden mean", in the face of anything, it is wisest to maintain the golden mean.
(Text/Xue Hongyan, senior researcher at Suning Financial Research Institute; WeChat public account: Hongyan Weiyu)
As early as a few years ago, the word "mining" came with Bitcoin is well known for its popularity. Many people know about Bitcoin first and then the blockchain, and they even don’t know about the blockchain yet. By definition, 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 (anti-counterfeiting) and generation of its information. Next block.
I am not a computer technology expert. The following introduction to blockchain comes from reading and comments from expert friends and is for reference only.
If you want to use one word to explain blockchain, it is: distributed accounting.
To understand what this word means, you need to first understand that traditional accounting has a center. For example, in a bank, when you withdraw money from a bank deposit or lend money to others through the bank, the bank is the center. All these transactions are based on the bank's credit. What if the bank cheats? Or is it more serious, is the country cheating? At the end of its rule in mainland China, the Kuomintang issued gold yuan coupons indiscriminately, and Weimar GermanyHyperinflation in Zimbabwe, which makes currency less valuable than toilet paper, are very famous examples.
Golden Yuan Coupons
This is the problem that blockchain is aimed at. They believe that decentralized accounting is non-modifiable and non-repudiable. How to achieve decentralized accounting? The basic idea is that all users store all transaction records, and through mathematical methods, it becomes very difficult to illegally modify the ledger. In this way, the reliability of the ledger is guaranteed.
Specifically, all users exhaustively enumerate random number variables, and the first user to obtain a specific required hash function value (Hash) will have the right to record this round of transactions and obtain the corresponding Bitcoins award. It is transmitted in the form of data blocks, and the data blocks are connected into a chain by appending at the end, so it is called a block chain.
After listening to the introduction, you may feel that this idea is interesting, but it is not as exciting or revolutionary as advertised. Your feeling is right. In fact, the basic logic of blockchain has some unavoidable problems.
For example, the current size of the complete Bitcoin public ledger has exceeded 150 G, and is rapidly increasing at a rate of tens of G per year - just to support 5 million users and 30 million transactions per year. If its processing volume is one day comparable to that of Alipay, the size of the Bitcoin ledger will increase by more than 500 terabytes per year. This is equivalent to backing up the Alipay server's storage data on all users' personal computers. Do you think this is a good idea?
For another example, in the traditional banking system, if you lose your password, it is no big deal. Just report it to the system in time, and your wealth will not disappear. But in the blockchain system, if you lose your password, it will be a huge trouble, and your currency will not be recovered. Not happy? Is it surprising?
Blockchain is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithms. The so-called consensus mechanism is a mathematical algorithm to establish trust and obtain rights and interests between different nodes in the blockchain system
In layman’s terms, it is to play mahjong. Four people can take turns to be the banker, and each other can shoot four people. They all have their own ledger records, but if you want to modify the ledger, you must have more than 50% of the modification rights, so the cost of cheating on the ledger is very high.
In the future, blockchain will be used more in finance to combat money laundering and fraud, because all information can be traced, and in culture it can be used for copyright protection, etc.
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I have seen a lot of people’s explanations of blockchain in official terms, and some may not even be clear to the person explaining it. I will explain blockchain in vernacular below to ensure that everyone can read it. Understand.
What is blockchain? Let me give an analogy. In 50 years, you can buy an electric fan from the supermarket. This electric fan will automatically mine coins for you when it is blowing. You can mine coins automatically while using the electric fan. When you use this electric fan, When the fan breaks down, you can use the mined coins to repair the electric fan. Of course, you can also use the mined coins to buy a new electric fan. Many people think wrongly! Wouldn’t the profits of merchants be less? Let me tell you about a certain brand. When the products of this brand are sold to you, the products themselves may even be sold to you at a loss. However, once the number of users becomes large and the users become more sticky, they can be paid through membership fees or service fees. Such small fees or other ways to make profits. Just like this, the mined coins can be purchased and repaired. Although the merchant's profit may be reduced, the merchant has gained more users and greater user stickiness. By this time, it only takes a minute for the merchant to make money.
And the electric fan you bought is equivalent to winding it up for you. What is winding up? If you put your electric fan on the street now, and 10 people come to snatch it, you have no way to prove that the ownership of this electric fan is yours. Once you put it on the chain, it is equivalent to being tied to you. Once it’s settled, you can prove it.
Therefore, the essence of blockchain is to help make people’s lives more convenient. It is equivalent to upgrading on the basis of the Internet, making it safer and more convenient. This is blockchain! It's that simple.
The security of the blockchain is reflected in its irreversibility and the data cannot be tampered with. We all know that in today's society, any data can be modified and conquered by hackers, but the data in the blockchain cannot be changed. Once generated, it cannot be modified unless all users in the blockchain work together. Agree to modify the data, but this is unlikely to happen.
At present, the blockchain is still very immature, just like the Internet bubble burst in 2000. When the bubble bursts, a truly valuable blockchain Internet will be hatched. company.
The wheel of history will not go backwards. Many people are unwilling to accept blockchain. Just like telling you that you can shop online 20 years ago, this is the same ridiculous thing. Time will eventually prove it. .
1. The main function of blockchain is to store information. Any information that needs to be saved can be written to the blockchain and read from it, so it is a database.
2. Anyone can set up a server, join the blockchain network and become a node. In the world of blockchain, there is no central node. Every node is equal and stores the entire database. You can write/read data to any node, because all nodes lastAll will be synchronized to ensure that the blockchain is consistent.
3. Everyone works on the same blockchain, everyone publicly shares the current state of the blockchain, everyone agrees on the rules for new data submission and tampering with the blockchain is prohibited. It is difficult to operate in terms of computing power.
If we assume that the database is a ledger, reading and writing the database is an accounting behavior:
Anyone can verify this public ledger, but there is no single The user can control it. Participants in the blockchain system will jointly maintain the update of the ledger: it can only be modified according to strict rules and consensus, and there is a very exquisite design behind this.
(1) Accounting, the system will find the person with the fastest and best accounting within a period of time, let this person do the accounting, and then broadcast the information on this page of the account book to everyone else on the entire network. node, which is equivalent to changing the database record; (consensus mechanism, cryptography)
(2) Verification, other valid nodes in the entire network check the correctness of the block accounting, and stamp the time Stamp to confirm that the block is legal; (timestamp, mathematics)
(3) Form a single chain, that is, compete for the next block after the previous legal block; (smart contract, encryption technology)
p>(4) Storage, the account book is stored in blocks. As transactions increase, new data blocks will be appended to the existing chain to form a chain structure; (distributed structure, information technology) < /p>
(5) Backup, every participating trader is a node of the block network, and each node has a complete backup of the public account book, which is a distributed ledger.
Features
1. The blockchain has no administrator and is completely centerless. It is precisely because it cannot be managed that the blockchain cannot be controlled. Without an administrator, everyone can write data into it. In order to ensure the trustworthiness of the data: the technology of blockchain makes it impossible to tamper with the data once it is written.
2. Close to zero trust cost.
The cycle time required for Internet companies to build their credit is extremely long. For example, Taobao often takes several years to build its credit. In the blockchain, everyone trusts the code, algorithm and rules, so the cost of trust is extremely low.
3. The marginal cost of constructing and trading assets approaches zero.
If traditional assets are to be used for trading, they need to rely heavily on third parties, such as investment banks, banks, securities firms, etc., for packaging and endorsement, and the fees and thresholds are extremely high. With blockchain, these will not be a problem, and the cost is extremely low.
The value transfer attribute of the blockchain also naturally solves the payment problem, and has the genes to support global payments.
According to my current understanding
1. Blockchain is an outlet.
Everyone is talking about itBlockchain, whether you have read it or not, whether you understand it or not, many people’s circle of friends are forwarding blockchain articles. The only new WeChat group is the blockchain-related group.
Investors are talking, entrepreneurs are talking, almost every major Internet company is talking about it, government departments are taking a stand, and tens of thousands of vertical media focusing on blockchain are quickly being born.
If you don’t join any currency circle or chain circle, you will be completely out. Even the well-known investment tycoon Zhu Xiaohu was unilaterally declared to belong to the old world by the rising star Chen Weixing.
2. Blockchain represents the story of sudden wealth.
Although ICO has been stopped by the national level, the most popular word-of-mouth about blockchain is still the increase in wealth by hundreds or thousands of times. Coins that were bought for a few cents or a few dollars are now worth dozens or hundreds of dollars. Everyone is talking about value-added stories.
There are Bitcoin and Ethereum. If you download a digital currency trading platform APP, the various currency codes composed of densely packed letters will feel like a stock exchange.
3. Blockchain is not only a technology, but also a belief at the conceptual level.
The basic layer, application layer, and a lot of blockchain knowledge seem to have a lot to do with the hot artificial intelligence.
Many people say that blockchain technology is mature, but applications have barely found an entrance. We can all shout loudly: Artificial Intelligence +, but if you shout "Blockchain +" now, it's not enough and you will be laughed at. The application scenarios are still being explored.
As for the previous Internet, it was an Internet of confidence. With the addition of blockchain, it became an Internet of value.
Such similar concepts are people’s good expectations for blockchain technology to solve the trust problem. If it is so easy to implement, blockchain can subvert finance, e-commerce, and many intermediaries. But why has the Internet not been subverted for so many years and real estate still relies on intermediaries?
4. Blockchain already has a history, so don’t think it is too new.
Just as many people claim that artificial intelligence is so new that it is a joke, its history can be traced back to the 1950s.
The blockchain is marked by the birth of Bitcoin, which was also 10 years ago. There is also a still mysterious founder Satoshi Nakamoto, who seems to have a Japanese name, and some say he is from the United States. From the Security Bureau, I think it can also be interpreted as "Chinese people are inherently smart", of course the latter is just a joke.
The reason why it has become so popular is because of the skyrocketing price of various digital currencies in 2017, which skyrocketed thousands of times in a few months and days. How could such an amazing speed of growth have happened before?
5. Blockchain is a knowledge system.
For me, whether it is a trend, whether it is a wealth game, or whether it is technology, we cannot ignore it.Otherwise, ignore it.
I started to make two columns to understand the blockchain from the perspective of characters, stories and characters, one is "Blockchain 100 People (Industry People)" and the other is "Blockchain 100 Investors" (Viewpoint)” Learn and spread at the same time.
As for related books, of course, I will accept them all as ordered. I can only be a follower of various trends and follow suit.
The biggest mistake is not how we criticize the blockchain, but to ignore it when we see it has a huge bubble and the crowd is enthusiastic about it. Stay away from it if you think you are noble.
The only way we have left is to be willing to be students, learn, and learn again.
Literal meaning: block, chain, using a chain to connect each block.
Blockchain = distributed data storage + point-to-point transmission + consensus mechanism + encryption algorithm
What is data storage? For example, a supermarket must have a ledger to record the entry and exit of various goods and transactions. This is storage.
What is distributed storage? It is the account book of this supermarket. Every employee has a copy. Every time there is something that needs to be recorded, it will be recorded in everyone's account book in a timely manner. Distributing each ledger (storage) to countless people (places) is distributed storage. (The supermarket employees here can be understood as blocks, and the ledger is the chain)
What is point-to-point transmission? In the same supermarket, there is no yogurt at the front desk. The shopping guide reports it to his superiors, and then reports it to his superiors.... Finally, he reports it to the warehouse. The warehouse records the accounting records in the ledger, and then transfers the goods to the front desk. As for point-to-point transmission, if there is no yogurt at the front desk, the shopping guide directly tells the warehouse, and the quantity sent by the warehouse to the shopping guide is recorded in the ledger. Everyone knows how many goods the warehouse has sent to the front desk. This is point-to-point transmission. There is no intermediate link, but the accounts can be made public for everyone who holds the ledger to see.
What is consensus mechanism? The consensus mechanism mainly includes two points. In a simple summary, the minority obeys the majority and everyone is equal. Similarly, there may be high or low positions in this supermarket, but everyone’s account books are indeed the same and equal. If someone makes a false account, then this person's account must be different from other people's accounts. At this time, it depends on whose account is remembered by more people. In theory, as long as the blockchain is large enough, then there is no need to make false accounts. Limit reduction! Because of the "minority obeys the majority" mechanism, if you want to make false accounts, then the number of false accounts you need to make must be at least greater than 50% of the total! On a network, if you need to change a piece of data, you must control at least 50% of the total number of computers to succeed.
The encryption algorithm is easy to understand. That is, when you go to the warehouse to adjust goods, the system will protect your privacy very well. It will only record the time, location, and person with a certain number who went to adjust the yogurt. It’s not about time, place, Zhang San’s departureMade yogurt. Taken together, this is the core component of the blockchain.
Personally, I think its main function is to decentralize and protect data from being tampered with! Decentralization and data protection are actually related. A supermarket only has one ledger, and any scheduling needs to go through the person who manages the ledger. If you need to make false accounts, you only need to control the person who manages the ledger. And if that supermarket uses blockchain technology, then he will make false accounts. If this is the case, you need to control more than 50% of the people who hold the total number of accounts of that supermarket. Obviously, controlling so many people will be almost impossible as the number of holders increases.
⑩ How important is blockchain
With its exquisite design concepts and thinking, blockchain can promote the reconstruction of rule systems in economic and social related fields and change the relationship between people and people. Collaborative relationships and benefit distribution mechanisms with organizations, organizations and organizations; at the same time, blockchain technology can effectively solve the "double spend problem", that is, to prevent the same digital asset from being reused due to improper operations.
This provides a solution to the problem of digital asset rights confirmation and transaction circulation, which can break through the problems such as digital asset rights confirmation and double spending that restrict digital development, and build Forming new production relations that adapt to the development of the digital economy has become the most important value of blockchain technology.
01 Reduce transaction intermediate links and promote cost reduction and efficiency improvement
There are a large number of rent-seeking intermediary organizations in various fields of economic and social life. Some of these organizations do not create real value, but only seek profits through the monopoly of business information or data. , artificially increasing unnecessary transaction links and costs.
Through the innovative application of blockchain, a self-organizing mechanism for economic behavior based on technology can be built to replace the business role of some intermediaries, which can greatly improve data acquisition. , consensus formation, accounting and reconciliation, and value transfer efficiency, further open up the upstream and downstream industrial chains, significantly reduce unnecessary intermediary organizations and intermediate links, improve the efficiency of effective docking of supply and demand in various industries, reduce the burden on the public and commercial entities, and promote The real economy reduces costs and increases efficiency.
02 Help confirm the rights of digital assets and stimulate innovation vitality
In the era of digital economy , data resources are becoming more and more important. In 2019, my country has officially regarded data as one of the seven production factors as important as labor, capital, land, knowledge, technology, and management, and has promoted the establishment of a data factor market system.
But because the dataIt is difficult to confirm rights, trace back, and share interests. Data cannot yet achieve efficient market allocation and orderly circulation, which seriously restricts the development of the digital economy.
Distributed, non-tamperable, traceable, With features such as transparency, multi-party maintenance, and cross-validation, data ownership can be effectively defined, data circulation can be tracked and supervised, and data revenue can be reasonably shared, removing obstacles to the efficient market-oriented allocation of data production factors and other digital assets. It is expected that Reversing the current trend of increasing centralization of data ownership, use and benefit distribution, promote the entire society and digital economy to develop in a more trustworthy, shared, and balanced direction, and further release the innovation vitality of the digital economy.
03 Shortening the distance of trust and expanding the space for collaboration
Modern human lifestyle The changes and progress are all directly related to the development of science and technology. Scientific and technological revolutions always dialectically expand the territory of human activities while shortening the distance between them. Every major technological change is always accompanied by the collapse of "distance" in some sense, thus bringing convenience to people.
For example, the invention of transportation has expanded the radius of human activities and shortened the geographical distance between people; the invention of communication tools has expanded the radius of human "conversation" The physical distance has been shortened; the invention of the Internet has expanded the radius of human access to information and shortened the distance of information; the invention of artificial intelligence has expanded the radius of cognition and shortened the distance of cognition of the world.
Blockchain shortens the distance of trust
Today, blockchain has brought us a new radius expansion. Blockchain can form a trust mechanism based on cryptographic algorithms without relying on authoritative centers and market environments, allowing strangers who are thousands of miles away, have never met or even never met to establish a trust relationship, expanding the radius of human trust, thus making strangers Cooperation becomes possible.
Especially in some regions and fields with imperfect market mechanisms and lack of credit systems, the value of blockchain technology is even more precious. Blockchain technology enables strangers to establish production relationships based on technical constraints, making it possible to carry out business cooperation in unfamiliar environments, and is expected to inspire a series of new business models.
04 Driving the Internet Revolution and Accelerating Value Delivery
The first 20 years of the 21st century ,HumanitySociety has experienced the comprehensive baptism and reconstruction of the Internet. "Internet +" has brought about earth-shaking changes in related industries and fields. People's lives have become more convenient because of the Internet, economic activities have become more active because of the Internet, and society has become more fair and open because of the Internet.
However, the Internet mainly solves the problem of dissemination of information. It is difficult to judge the authenticity of information content, and there are still many constraints and obstacles to the transfer of digital assets. While the Internet brings great convenience, it is also filled with more and more false information, and has even become a hotbed for various new types of fraud. While people are becoming more and more dependent on the Internet, they are also increasingly wary of the Internet.
Based on blockchain technology, the next generation of reliable technology based on technical constraints can be built. Trusting the Internet and solving the trust problem of strangers on the traditional Internet will allow digital assets to circulate efficiently on the Internet. Based on blockchain technology, digital assets and intellectual property rights on the Internet can be effectively protected. Asset transactions between people will be as convenient as sending emails. People will put down their guard against the highly dependent Internet because of the innovation of blockchain technology. The Internet will give birth to more valuable applications.
05 Strengthen the constraints of the integrity system and purify the market environment
Blockchain is a Trust the machine. By promoting the deep integration of blockchain and the real economy, a market environment that is convenient, efficient, fair, competitive, stable and transparent can be created. The technical characteristics of blockchain technology that cannot be tampered with and are traceable can play a very important role in the innovation of trust mechanisms in regions and fields with imperfect market mechanisms and incomplete credit systems.
Under the traditional model, market supervision requires a heavy workload and is difficult to implement. Due to insufficient administrative law enforcement resources and regulatory means, it is widely hated by the public. The phenomena of laobao, counterfeit products and fraudulent behaviors are repeated and difficult to eradicate.
Blockchain technology can be formed without the need for intermediaries and laws and regulations. The conditional self-organization and self-supervision mechanism, and the non-tampering, non-repudiation, and non-manipulability of the distributed ledger actually play a role in technical supervision of various economic behaviors.
This will help solve problems such as difficulty in loan financing for small and medium-sized enterprises and difficulties in bank risk control; by recording the entire product production and transaction circulation process, it can significantly reduce the risk of counterfeiting, Various market frauds such as shoddy goods are used to solve problems such as difficulty in market supervision.
[This article comes from the "Popular Reader on Frontier Hot Technologies in the Information Field" published by the People's Publishing House]
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