区块链价值在哪里查,区块链价值在哪里查询

查询区块链价值是投资者最关心的问题，要查询区块链价值，投资者需要了解的3个关键词分别是：数字货币交易所、区块链数据分析平台、区块链市场指数。

数字货币交易所是指提供数字货币交易服务的交易所，是投资者查询区块链价值的最重要的参考指标。数字货币交易所主要提供数字货币的买卖交易服务，投资者可以根据交易所上的实时价格查询数字货币的价格，从而了解区块链价值的变化情况。

区块链数据分析平台是指专门提供区块链数据分析服务的平台，是投资者查询区块链价值的另一个重要参考指标。区块链数据分析平台提供各种区块链数据，包括区块链市场深度、交易量、价格趋势等，投资者可以根据这些数据来分析区块链价格的变化情况，从而更好地把握区块链价值的变化。

区块链市场指数是指由一组数字货币组成的指数，用来衡量数字货币市场的总体表现。投资者可以通过区块链市场指数来查询数字货币的总体价格变化情况，从而分析区块链价值的变化趋势。区块链市场指数也是投资者查询区块链价值的重要参考指标。

总之，投资者查询区块链价值的最重要的参考指标是数字货币交易所、区块链数据分析平台、区块链市场指数，投资者可以根据这些指标来查询区块链价值的变化情况，从而更好地把握区块链价值的变化趋势。

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⑴ The value of blockchain technology

1. The value of blockchain technology

2. Blockchain technology is suitable for practical application fields

1) Supply chain finance, which enables the upstream and downstream of core enterprises to reduce financing costs, improve efficiency, and reduce risks.

2) Applications related to certificate storage. Relatively speaking, applications in this area are relatively mature. At present, the Beijing Internet Court has launched the Tianping Chain, and the Hangzhou Internet Court and Qingdao Arbitration Commission are exploring the application of evidence storage.

3) Application scenarios for cross-system information sharing and exchange. Because security, trustworthiness and efficiency must be contradictory. The more complex your system is and the more interested parties are involved in the data process, the more suitable it is to use blockchain to solve it. For example, the sharing of information resources in our e-government, the medical and health fields for each of us, and the field of traceability, there are still many application scenarios in this direction.

⑵ How to introduce the blockchain in 3 minutes in a simple and easy-to-understand manner, and what its commercial value will be in the future

There is a real joke, an engineer from Ant Financial, he wrote I submitted a blind date resume, and the job description in it was "code farmer", but no one clicked it for a long time. Later, he changed his work experience to "blockchain" and received 381 love letters at once.

From workers in high-tech industries to square dancing aunties, it seems that everyone is participating in the blockchain carnival. So what exactly is the seemingly mysterious blockchain? After reading the following content, you will have completed the journey from beginner to beginner.

1. What is blockchain?

To put it bluntly, the blockchain is "everyone keeps accounts together." Any database needs a big housekeeper to be responsible for "accounting" (maintaining the system and entering data). But after using blockchain technology, the concept of this "central steward" disappears, and each of us can participate in accounting. So the question is, whose record will ultimately prevail? Of course, it is the person who completes the work well and quickly. A system that strictly adheres to fairness will select this person based on the algorithm, write the contents of his records into the ledger, and send the contents of the ledger during this period to everyone in the system. of others to perform backups.

2. What is so powerful about blockchain technology?

Any new thing that wants to develop rapidly must have a uniqueAdvantages, so does blockchain technology. First of all, blockchain technology ensures the security of the system. In the absence of a central steward, everyone is a defender of the home, which means that destroying some nodes has no impact on the system at all. Second, the recording process cannot be cheated. Everyone in the blockchain system has the same ledger, and the entire process is open and transparent. The system will determine the final result based on the opinions of the majority. It is difficult for an individual to hack into so many computers at the same time, and it is meaningless to just modify one's own results. Who would do such a thankless task? Third, and most importantly, the blockchain completely abandons the existence of "credit intermediaries". Credit intermediaries are the platforms we must pass through when transferring money, such as traditional banks. Now any two strangers can directly complete mutual trust transfers, and the efficiency has been improved not only a little!

3. What is the use of blockchain technology? ?

As mentioned earlier, the main advantages of blockchain are that it does not require intermediary participation, the process is efficient and transparent, the cost is very low, and the data is highly secure. That is to say, any industry that has needs in these three aspects can use blockchain technology. Here are a few examples:

In the banking industry, the use of blockchain technology is equivalent to updating a digital, secure and tamper-proof General ledger books. In fact, Swiss bank UBS and Barclays Bank in the UK have already begun experiments, hoping to use it as a way to accelerate back-end system functions and clearing and settlement capabilities. Some institutions in the banking industry claim that blockchain may reduce middleman costs by 20 billion.

In terms of car rental, blockchain also has great potential. A future customer selects the car they want to lease, entering it into the blockchain's public ledger; then, sitting in the driver's seat, the customer signs the lease agreement and insurance policy, while the blockchain updates the information simultaneously. This is a foreseeable future for car sales and car registrations.

In terms of medical and health care, blockchain technology allows hospitals, patients and all parties in the medical benefit chain to share data in the blockchain network, and Don’t worry about data security and integrity. This means more accurate diagnosis, more effective treatment, and an improvement in the health system’s overall ability to deliver cost-effective care.

Blockchain is not cold-blooded. It has been implemented in applications that are closely related to our lives. For example, the application of Ant Blockchain ranges from public welfare, to mutual aid insurance, to product authenticity traceability, and then trace the source of the rental property.

In 2018, blockchain will "return to the world."

Blockchain, do you really understand it? Since it says three minutes, let’s give a simple answer.

1. What is blockchain;

2. What are the benefits of blockchain;

3. What are the uses of blockchain;

4. Blockchain technology and existing problems;

Let’s first look at the first question: What is blockchain

Let’s look at it literally. Blockchain is called Blockchain in English. This is a very good word. The English name is well chosen and the Chinese translation is also very beautiful.

1. What is a "block"?

You can think of it as a record, or anything, which forms such a record during the production stage. This thing can be any physical or virtual object in the Internet of Everything.

For example, if you generate a Bitcoin, which is a thing, it actually corresponds to a block. This block is a record of what it is.

When you produce a bottle of medicine in the future, a block is actually generated when this bottle of medicine is produced. When it leaves the factory, it needs to be recorded once, and this corresponds to it one-to-one.

This is the first dimension.

To make it easier to understand, for example, each of us is born with a unique identifier, which is our DNA. All species in the world have different DNA. Every individual's DNA is different.

Your parents can name you Zhang San, Li Si, Wang Wu. These names can be repeated, just like a bottle of medicine, whether it is aspirin or penicillin, these can also be repeated. Famous. However, human DNA is different. Even if you have identical brothers and sisters, your DNA is different, so this is your unique identifier. And once your DNA is formed, it cannot be changed. This is a benefit of the blockchain.

2. What is "chain"? The chain is actually a process. You can think of it as a transaction process. After this bottle of medicine leaves the factory, it enters the warehouse from the workshop and passes through a certain door, and it will record the process.

Of course, this requires automatic computer recording, and the cost of human recording is too high. Then, packing is a process, and transportation to the cargo transfer station is another process. Then it is loaded into a car and transported to the wholesale station, which is the next process.

Every step of the process is recorded. It is a process to go from the wholesale station to the store, it is another process for the people in the store to receive this batch of medicines and put them on the shelves, and it is still a process for you to buy them. Finally, the whole process is tied together and you have a way to track the bottleThe entire process of the medicine, knowing whether it is true or false, is because once the bottle of medicine is produced, it will be bound to the blockchain, just like how humans and DNA are bound. It cannot be changed, but it can be seen and tested.

The doctor can also determine whether this person is you by testing DNA. So in terms of nature, if we virtualize it, it is actually a smart contract. You have signed a sales relationship with one of your customers. Once this happens, it cannot be changed. Then everyone can only execute it. This execution process is the same as the tracking of drugs I just talked about.

Second question: What are the benefits of blockchain?

1. Mathematically speaking, it is very beautiful. It changes from the past that you had to own something before you could know its properties to that you don’t own it, but you can ask questions Learned many details about it.

Mathematically speaking, this is a perfect asymmetric situation. You can tell whether it's true or false, but you can't change it.

2. Theoretically speaking, blockchain is very safe. For example, if you participate in the process of a bottle of medicine, others cannot see this information. When you buy this bottle of medicine, you can know where it comes from, but others cannot.

For the same reason, for example, if we sign a contract, others can verify the contract. If you go to a bank for a loan, he can ask you the amount.

However, he cannot obtain this contract, and he cannot steal this contract from your computer.

Blockchain also has some very interesting properties. For example, a block chain can be divided into two at will, or several can be combined into one, etc.

3. Blockchain is transparent, which means that everyone abides by this algorithm and there is no special agreement in private. So, if you believe in this algorithm, it means you believe in me and believe that I didn't do anything fishy. I will not secretly do anything in the contract to make you suffer losses.

This is a beautiful place theoretically and mathematically.

In the third block, let’s take a look at the uses of blockchain

1. Bitcoin is a cryptocurrency, and the Ethereum currency that everyone uses now is also a cryptocurrency. Of course, you can make another one based on it, either Zhang three coins or Li four coins. As for whether it can replace the currency of the future, this is doubtful.

2. Financing, we used to divide financing into three stages: the first stage is to get a loan from the bank. If you want to open a restaurant, you need to mortgage something. The second stage is that you issue some stocks and I sell 10% of the stocks, so that I can obtain part of the funds.

The third stage is actually crowdfunding. For example, if I want to write a book, the publisher may need 50,000 yuan to publish it.Money, if any of you can give me 50 yuan at the beginning, I will write the book in the future and give each person a copy. You will get the book, and of course I will publish it. But there is a problem. For example, I sell this book for 100 yuan and you get it for 50 yuan. What if my book sells very well, assuming I sell 100,000 copies, but you don’t seem to benefit from me? what to do?

Is there a fairer way to measure everyone's contribution? One way is to issue a cryptocurrency (ICO). When the business we do becomes bigger in the future, you can benefit from it.

3. Smart contract, for example, sign a contract. In the future, the smart contract can become like this. All the nodes in the middle are determined when the contract is signed, such as building or decorating a house for you. , your payment must be given to me at any stage of the decoration. If you accept it, no problem, the payment will be automatically given to me.

You can even sign with my supplier, which means that as soon as my money arrives in my account, I will give it to my supplier immediately. This will save many triangular debt problems in the future, including the problem of arrears to migrant workers.

Blockchain can also be used for property registration, car registration, etc. Of course, another great use is gambling. In fact, gambling is the most willing to adopt new technologies because it is closely related to money.

After talking about the benefits of blockchain, let’s take a look at the technology and existing problems of blockchain.

Today’s blockchain is basically the second generation and the first generation. It is the Bitcoin generation. It has many problems. It is not a platform, but is actually a specific application.

The second generation is represented by Ethereum. It is a platform on which you can issue your own coins, and it removes the concept of mining machines, so its transaction costs will be much lower. . The reason why ICOs are everywhere today is because with Ethereum, you can issue coins. Unlike in the past with Bitcoin, you had to completely copy its set and copy it again. Today you are on Ethereum. , it is easy to issue your own currency, just like you can easily make your App on the Android operating system today.

There are three problems with Bitcoin transactions

1. The transaction delay is very long. I have asked people who specialize in Bitcoin transactions and the delivery time ranges from two hours to two hours. Days wait, so it is very inconvenient for you to use it to launder money. After the RMB is converted into US dollars, it may fall by 20% in two days, and you will lose 20% of your money.

2. It cannot be distributed. Like Bitcoin, a few people in the early days took away a lot of its shares, so how to distribute it in the future is also a problem. No one understands it clearly, so it is difficult to use it as a currency. a currency. Because if it really becomes a currency that everyone uses, it will be equivalent to the first few people taking away a large part of the world's property.

3. Transaction costs are high. For example, a cup of coffee at Starbucks in the United States costs $2.50 on average. You usually pay money at the counter, and the transaction time is only one minute. If you want to use Bitcoin, you have to wait two hours before you can get your coffee, and the transaction costs are extremely high, the electricity bill alone is $20. In other words, if you pay $2.50 for coffee, the transaction cost of electricity is $20, so this is unrealistic.

Blockchain has high risks. This risk is not only a technical risk, but also a policy risk. In fact, this is also an opportunity. Whoever solves this problem will get the opportunity. Its transaction costs are also very high, so whoever can develop new underlying technologies and reduce this transaction cost will make a lot of profits in the future.

Some people say it is the next generation of the Internet. I don’t agree with this, but it will definitely be a supplement to the Internet. Some people say whether it can subvert the central bank, but this is not certain, because there is no reason why the central bank or these big banks cannot do this themselves, so those who expect it to subvert the central bank may be too happy too early.

Perhaps in the end it was these large financial institutions in the past that used the blockchain to update themselves.

Talk in the vernacular and get useful information!

Literally, blockchain is blocks and chains, and some relationship between them. It is essentially a distributed accounting method and a network database system that cannot be tampered with.

The current development directions include digital currency, payment, smart contracts, defi finance, web3 and so on. It is still in the initial stage of development and is a back-end technology. Most projects are still speculating and financing.

Today’s Afghanistan may best prove the value of Bitcoin, and there is no problem with value storage

Blockchain is not just a technology, it is a way of trust transfer, value The way it is delivered may have huge potential in the future.

Keywords: block, chain, database, ledger, Afghanistan, currency speculation, value, technology, market

First, what is a blockchain? Blocks and chains are an accounting method and a form of network data storage.

Literally speaking, blockchain refers to blocks and chains. This block actually records the transaction records of the entire network, or the execution process result data of smart contracts, etc.

Every once in a while, the entire network will produce a block. This block records all transfer data, and the blocks need to be connected by some kind of "chain".

This chain is an encryption algorithm. Some information of the previous block is used to calculate and obtain some information of the next block. They are linked together. The latter block can trace back the previous block and needs to be modified. The next block must modify the previous block, all the way to the first block. Regarding the details of these issues, I have written many articles before. If you are interested,You can go back and take a look.

Blockchain is actually an accounting method, or a database storage method. Please pay attention to what I say below. The whole process is the operating mechanism of blockchain.

Each node in the entire network has the same status and runs the same program. This program is used to collect, encapsulate and package all transaction record data records that occurred in the entire network within a period of time. Then broadcast it to the entire network

Let’s take Bitcoin as an example. Once this packaging and encapsulation is completed, you can obtain the right to produce the block. A certain amount of Bitcoin can be issued every time a block is produced. Since the nodes in the entire network run the same program, there is no center to control everyone. Therefore, the currency issued is irrevocable and cannot be changed.

How to decide who has the right to make a block? This requires the use of the so-called consensus mechanism, which is to establish a rule and use who produces the block as the benchmark to solve the problem of network consistency. The mainstream consensus mechanisms include POW mechanism and POS mechanism. Proof of work and proof of stake. Proof of work, who does more work, and proof of equity, who stakes more assets

Pow means that everyone calculates a difficult mathematical problem together, whoever calculates it Whoever comes out has the right to produce the block. Pos means that everyone takes out their family assets as mortgage, and whoever mortgages more. It is possible to be selected as a block producing node.

The essence of this approach is that you have to pay a certain price and receive a certificate of investment, which essentially builds a kind of trust.

When all these tasks are completed, a block can be produced, and the block will be connected to the previous block one by one. This is the entire block sequence. Note that the entire blockchain world will produce many blocks, connected to one chain after another, but everyone will only recognize the longest chain, and short chains will be discarded.

To put it simply, each network node uses a program to package transactions within a period of time, and then connects the transaction blocks one after another and saves them in each node, but an encryption algorithm will be used in the process. Ensure that node information is not leaked, ensure that user information is encrypted, and ensure that the information in the block is not hacked or tampered with

Second, the block The current development of the chain, various projects and significance, at this stage are more about currency speculation, and there is no problem with value storage.

Blockchain has been developing for twelve or three years since the Bitcoin white paper in 2008. It has also experienced various evolutions and developments.

For example, now it has gone from being able to issue currency in a distributed way to now having huge functional expansion. The landmark event is the birth of the Ethereum smart contract.

I have explained many times that a smart contract is an automatic contract signed by two or three parties.The contract is automatically executed as long as the conditions are met. It is essentially a program with infinite possibilities and is the judge in the blockchain world. Various functions can be input into the program, and the program exists. Blockchain has become rich and colorful.

Current blockchain applications mainly include the following aspects: smart contracts, payments, cross-chain assets, oracles, defi, web3 storage, etc. I will briefly mention two. Let’s take an example and talk about its commercial application.

For example, defi applications are quite popular on Ethereum now. Defi is decentralized finance. Abbreviation for decentralized finance.

What does it probably mean? It is to move all financial-related businesses in real life, such as mortgages, insurances, and loans, onto the blockchain.

This field is very popular now, and the reason is simple. It is very suitable for blockchain. As I said, a smart contract on the blockchain is a contract. If the contract conditions are met, execution can be automatically triggered.

In the past, it might have been very troublesome for you to go to the bank to apply for a loan. You had to sign various signatures and verify them, and the bank might not be open on weekends and nights

But with blockchain The network operates 24 hours a day. If you want to run various assets on it and do various mortgage transactions, you only need to click and there is a software terminal.

Of course, the real assets will be frozen in the process and mapped to virtual assets. After the transaction is completed, they will be exchanged for real assets. Cross-chain technology and oracle technology may also be used in this process, which I have written in detail in other articles.

It roughly means cutting off banks through decentralization, and direct point-to-point transactions. The security of transactions is guaranteed by blockchain technology, code and cryptography.

There is also the current web3 storage class. For example, the leading project fil. His vision is to take out all the scattered hard drives. Break all the data and information that need to be stored on the network into small pieces

and then distribute them to the entire network. When we want to use network data in the future, we no longer need large network database or server. In this way, Internet giants cannot charge high service fees. There is no way to maintain a monopoly.

If you want to obtain stored information, just take a taxi online like dd. You pay for a taxi, so that information on the Internet can flow freely. Costs will drop significantly.

Of course, these visions are grand and huge, and the current blockchain development is still in its early stages. There are still some technical difficulties to be overcome and some underlying systems to be established, but there is no problem in this direction.

The original digital asset projects like Bitcoin have now been proven to be very safe. Just like this situation in Afghanistan, the first thing that comes to my mind is Bitcoin. heIt is the first asset that cannot be looted by violence.

Your house may be occupied and blown up, and your gold may be robbed. And if you have Bitcoin, it's much easier. He can't snatch this thing away, because the mnemonic phrase and private key are in your mind, and he doesn't even know whether you have this thing in your mind. If you want to pass it on to your child, just ask him to memorize the key and mnemonic phrase.

It is precisely because we are now in a stage of financing and bubbles that all the news you see on the Internet is still speculation.

Also, this thing is a back-end technology. For example, Guangdong Province already has blockchain invoices. For example, there are already some blockchain apps for judicial certification, but for the front-end For you, you can't feel it. There is an extra string of hash codes on the invoice, can you tell the difference?

This is why when it comes to blockchain now, everyone is speculating on coins, but in fact it has certain applications and future technical logic.

Third, it is essentially a mechanism of trust, a method of value transmission, and an exploration of social governance methods.

What is the essential value of blockchain? The most important thing is that it is a way of credit transfer. Because there is enough credit, real-life assets and property values ​​can be spread on the Internet in the form of information codes.

Mainly in these aspects.

First, before Bitcoin, people did not know how to protect a piece of information, because information on the Internet can actually be copied. Bitcoin solves the problem of uniqueness of information assets. With scarcity, there is value in transactions and storage.

The second is decentralization and disintermediation. We used to do everything. All require some kind of intermediary. For example, when you borrow money, a bank acts as an intermediary, and when you buy a house, various institutions and real estate agencies act as intermediaries.

You cannot buy or sell directly. Because you don't have enough credit. We usually come to find a third party, but the third party is usually made up of people and may also do evil.

For example, the master who could whip five lightning whips a while ago. If he calls you all kinds of names at the beginning, you may be frightened. You won't know he is a liar until he is punched and lying straight there. This is human credit, which is unreliable

Blockchain ensures credit through code, cryptography, and consensus mechanisms. We no longer need a powerful third party. Note that this third party will often become a monopoly boss.

The third is to reduce the cost of coordination, communication and entry barriers.

If we want to become richer, we need to trade in the market. And transactions require coordination and division of labor. Essentially, the companies and organizations we work for are intermediaries.

You have to pass thisThe intermediary integrates your resources, transforms your labor force, your brainpower, and your ingenuity into final products and sells them on the market.

The smart contract technology of blockchain technology can break up these contracts in a decentralized manner. People in the market can combine freely to establish a new type of organization that is completely transparent and cannot tamper with the rules, which is a blockchain autonomous organization. The future of this kind of organization may be more promising than that of ordinary joint-stock companies.

You can join or quit an organization at will, and the trust between you and others has been resolved. You can cooperate with others and sign smart contracts to complete joint collaboration and complete a certain product. We no longer have to worry about some big capitalist taking advantage of everyone and getting the bulk of the profits.

So the Bitcoin blockchain is essentially a big social experiment, through the consensus mechanism, the decentralized decision-making method, and the distributed signing of smart contracts. Gradually and completely change the original appearance of our society. Restore the original ideal of market economy, peer-to-peer, direct transactions between people.

To summarize. Blockchain is a block of information connected together through an encryption algorithm. It is essentially an accounting method and a network data structure

Through decentralization, you can do finance, storage, and decentralize many things, but now it is still very In the initial stage, most projects are still in the stage of speculation, financing and concept development.

The value storage capability of the blockchain has been proven to be problem-free, very safe, and cannot be plundered by violence.

The essence of blockchain solves the problem of credit intermediary, and at the same time can reduce the cost for people to work together, lower the threshold for enterprise entry, improve social efficiency, make social transactions larger, and allow We are richer.

I recommend the book linked below, it is easy to understand. Like You Pump tells the history of the birth of blockchain, the underlying technical logic of blockchain, and some mainstream projects. Learn some knowledge about blockchain, feel more at ease, and no longer worry about whether it is a scam.

⑶ What is blockchain and what role does blockchain play

It is important to understand blockchain, which will help you quickly identify various fake blocks. The trick of respecting the chain is very important.

If someone uses a bunch of professional terms to explain the blockchain, it will be difficult for you to understand, and they may not really understand it themselves.

So, we first establish a psychological line of defense. Anyone who sells you concepts and uses a lot of unfamiliar technical terms may be a liar. Be very careful!

To understand blockchain, you must know what the core appeal of blockchain is. What do you think you are most worried about in today's highly developed Internet world?

Privacy, yes, privacy. How to protect privacy? You may be monitored at any time, and your personalAny information can be stolen at any time. If personal privacy is not absolutely protected, the Internet will become another pyramid of power. Who is standing on top of the pyramid? He is the smartest technical master, a platform provider, and an information regulator. You and I may be the people at the bottom of this pyramid.

The people who originally invented the blockchain had serious concerns about being completely swallowed up by the Internet, and tried to create an absolutely safe encryption technology to lock up personal privacy. This technology completely subverts traditional encryption technology. In fact, rather than locking up privacy, it is better to tear it into pieces and then distribute the pieces to different people for private keeping. Unless everyone agrees to take out the pieces and spell out the complete code, the truth cannot be revealed. This is the first mechanism of blockchain, which is decentralization.

But decentralization alone is not enough. Those who steal password fragments must also be given nowhere to hide, so that every action of the thief is recorded indelibly and spread everywhere on the Internet. , made public. This is the second mechanism of the blockchain, the non-anonymous mechanism. Do you think, who snoops into privacy is not sneaky?

To sum up, the blockchain is to hide privacy in a decentralized manner, record any actions that reproduce this privacy, and make it public. Seeing this, you may want to applaud the blockchain. Don't worry, how can there be such a good thing in the world? Is there any utopia that is absolutely safe? If blockchain can be realized in an absolute sense, will the existence of the government still be meaningful? Yes, blockchain was originally the embodiment of anarchy. Its ultimate meaning is destined to never be realized. Its survival may have to rely on power, and it is destined to become another beautifully packaged lie and a pretense to deceive people. In this sense, the government must also specify a framework for the development of the blockchain, reconstruct the value of the blockchain, and drive out the anti-government and anti-national attempts contained in the blockchain. Some blockchain technologies can be used in concrete applications, but decentralization must not be promoted. In short, we must remain highly vigilant about blockchain. Beauty often hides its sting. Absolutely ideal recipes often turn out to be poison. The person who says he can absolutely protect your privacy and financial security is the real voyeur and vampire.

The best way to protect our privacy is to not have any privacy and live a completely open life, either like a sun or like a god of wine.

⑷ The value of wallets to blockchain

For entrepreneurs, the development of wallets is at the infrastructure level in the blockchain industry ecological map and belongs to digital asset storage subdivided areas, the technical threshold is relatively high.

Many users who have never used a digital wallet have almost no idea about it, and even think that digital wallets are just for "storing" digital currencies. This article gives a rough definition of a wallet. A wallet application has a series of key pairs, and each wallet address corresponds to a key pair - a private key and a public key.

The private key is not availableMeasurable and unrepeatable, therefore unique. And the private key has ownership and control of the wallet and is used to sign and verify every transaction. In order to lower the user's threshold for use, the private key also has another form of expression - a mnemonic phrase to help users remember complex private keys.

How is the private key related to the public key? It generates a public key through a certain encryption algorithm, so that the private key corresponds to the public key one-to-one. The encryption algorithm is one-way, that is, the private key can derive the public key, but the public key cannot derive the private key. Therefore, it can be understood that mastering the private key is equivalent to mastering its ultimate control.

Security issues of digital wallets

First of all, everyone must know that digital wallets are decentralized, and most hot wallets inherit this attribute. Since the private keys are managed by the users themselves, they cannot be retrieved if lost, and transactions cannot be rolled back, making many users feel unsafe.

Here are ten wallet usage suggestions given by industry experts:

[if !supportLists]1. [endif] Use a backup wallet;

[if !supportLists]2. [endif] Do not transfer private keys to others at will;

[if !supportLists]3. [endif] Do not use WeChat collections or cloud backup to store private keys ;

[if !supportLists]4. [endif] Cannot take screenshots or take photos to save private keys;

[if !supportLists]5. [endif] Cannot use WeChat or QQ Transfer the private key;

[if !supportLists]6. [endif] Do not choose email or cloud storage private key;

[if !supportLists]7. [endif]Don’t Use wallet applications from unknown sources provided by third parties;

[if !supportLists]8.     [endif]Avoid Apple IDs provided by others;

[if !supportLists]9. [endif]Do not send private keys to the group;

[if !supportLists]10. [endif]Do not import private keys to unknown third-party websites .

Security is the foundation of digital wallets, as well as cryptocurrency and even the entire blockchain industry. In addition to ensuring the complete functions of the wallet, wallet developers should also pay attention to security.

How to manage digital wallets

We should pay attention to several issues about wallets:

[if !supportLists]First, [endif]Private The key determines the property rights of the digital currency you own and must be managed properly by yourself.

[if !supportLists]Second, [endif]The public key is public and the address is also public. Anyone who transfers coins to your address can only truly own the coins if they control the private key.

[if !supportLists] Third, [endif] The transaction flow is stored on the blockchain and has nothing to do with the private key address. The transaction accounts are public, and as long as you know the address, you can check how much the corresponding digital assets are.

[if !supportLists] Fourth, [endif] If the wallet installed on a mobile phone or computer or other equipment, the backup key or mnemonic phrase is damaged, lost, stolen, etc., you should immediately reset it through Install or transfer assets to other wallets.

[if !supportLists] Fifth, [endif] No matter what kind of wallet it is, it is relatively safe. There is no absolute security. The private key or mnemonic phrase must be backed up and kept, and it is portable. It is difficult to have both.

How digital wallets operate in commercial banks

It was previously reported that the People’s Bank of China has a two-layer architecture design for digital currencies, and the central bank is also preparing to issue Digital currency.

Bank accounts and digital wallets of commercial banks have common management aspects. In this case, bank accounts and digital wallets are positioned differently. Then according to the wallet standards designed by the central bank, the wallet is a safe deposit box. The bank will manage the customer's safe deposit box according to the customer's requirements, which can be said to have all the attributes of cryptocurrency. So in this framework, a digital currency wallet is added to the bank account.D field. In this case, the digital currency wallet not only functions as a safe deposit box, but also does not participate in business, avoiding affecting the core business of the bank.

Digital currency transfers can be transferred directly in the commercial banking system, or through the issuing bank using a client digital wallet for direct point-to-point transactions. In this case, there is no need to rely on inter-bank payments between account banks.

The current competitive situation of digital wallets

The first is the competition for traffic, mainly to attract new users and promote activation, in order to have a large user base.

The second type is competition in gameplay, mainly reflected in community rewards, in order to enhance user stickiness.

Another option is to expand more extensive services, such as CTGPay, which can realize functions such as currency exchange and financial management with different countries. It saves users the trouble of exchanging currency and managing multiple legal currencies, and also greatly expands the application scenarios of digital currencies. Financial management can also guarantee an income of about 5% per month, so it is very popular among users.

The value of wallets to blockchain

The purpose of wallets is to store private keys. As mentioned at the beginning, it is not to store cryptocurrency. It can be said that as long as you have a private key, it means you have the corresponding token.

However, the current digital currency market has problems such as inconvenient digital management, high transaction and exchange thresholds, insufficient blockchain performance and unreasonable design, high blockchain development costs, difficulty in connecting to reality, and lack of scenario applications. And other issues. To put it simply, tokens developed based on different public chains require their own wallets.

Summary

If you still stay in the competition for basic functions, you will undoubtedly be left behind. Today's digital wallets should pay attention to building an ecosystem that covers multiple functions such as user community, transaction, interaction, financial management, etc. In order to have a large user base and ensure extremely high daily activity.

⑸ 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, among which Some 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.

However, due to the difficulty in confirming data rights, tracing back, and dividing interests, data cannot yet achieve efficient market-oriented allocation and orderly circulation, seriously restricting the development of the digital economy. develop.

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 expanded humanThe radius of activity has shortened the geographical distance between people; the invention of communication tools has expanded the radius of human "conversation" and shortened the physical distance; the invention of the Internet has expanded the radius of human beings' access to information and shortened the distance of information; the invention of artificial intelligence has expanded The radius of cognition shortens 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 apart, 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 , human society 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 machine for building trust. 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 passing off substandard products 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 People's Publishing House]

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⑹ What is blockchain and what role does blockchain play

What is blockchain? What changes will it bring to your future life?

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

Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. 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 of the information (anti-counterfeiting) and generate the next block.

In the original English version of the Bitcoin white paper, the word blockchain does not actually appear, but chain of blocks is used. In the earliest Chinese translation of the Bitcoin white paper, chain of blocks was translated into blockchain. This is the earliest time when the Chinese word "blockchain" appeared.

The Cyberspace Administration of China issued the "Blockchain Information Service Management Regulations" on January 10, 2019.》, effective from February 15, 2019.

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-tamperable. Unforgeable 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 security, a new distributed infrastructure and computing method that uses smart contracts composed of automated script codes to program and operate data.

In fact, to understand it very simply and vividly, we can imagine that everything in life is realized in digital form, including food, clothing, housing, transportation, medical treatment, education, etc., based on the Internet, it can be easily done at home Get it done, no matter where you go to do business or trade, you can completely operate it with your mobile phone. With the continuous development, everything we do can be easily completed online, such as volumetric work, production, planting, etc. Of course, the rise of 5g will bring about the end No one can accurately predict what it is now, but it will definitely bring about earth-shaking changes in life and social form!

Blockchain was born from Satoshi Nakamoto’s Bitcoin. Since 2009, various Bitcoin-like digital currencies have appeared, all based on public blockchains.

The current situation of digital currencies is that a hundred flowers are blooming. Here are some common ones: bitcoin, litecoin, dogecoin, OKcoinetc. In addition to currency applications, there are also various derivative applications, such as NXT, SIA, and BitShares. , MaidSafe, Ripple, Ethereum and many more.

On January 20, 2016, the People’s Bank of China Digital Currency Seminar announced that it had achieved phased results in digital currency research. The meeting affirmed the value of digital currency in reducing the issuance of traditional currency and stated that the central bank is exploring the issuance of digital currency.

Some areas where blockchain can be used can be:

▪ Smart contracts

▪ Securities trading

▪ E-commerce

▪ Internet of Things

▪ Social communication

▪ File storage

▪ Proof of existence

▪ Authentication

▪ SharesCrowdfunding

The development of blockchain can be compared to the development of the Internet itself. In the future, something called finance-internet will be formed on the Internet, and this thing is based on blockchain. Its The precursor is bitcoin, that is, traditional finance starts from private chains and industry chains (local area network), and the bitcoin series starts from public chains (wide area network). They all express the same concept - digital assets (Digital Asset), and finally converge to an intermediate balance point.

The core advantages of the blockchain architecture include:

Any node can create a transaction, and after a period of confirmation, it can reasonably confirm whether the transaction is Effectively, blockchain can effectively prevent problems from happening on both sides. The cost of trying to rewrite or modify transaction records is very high. Blockchain implements two types of records: transactions and blocks. Transactions are the actual data stored on the blockchain, while blocks are records confirming when and in what order certain transactions became part of the blockchain database. Transactions are created by participants using the system in the normal course (in the case of cryptocurrencies, a transaction is created by Bob sending tokens to Alice), while blocks are created by what we call Units of miners are responsible for creation.

So in conclusion, this is undoubtedly a new technology that changes life. In the future, the production activities of the entire society will be carried out with blockchain as the underlying logic, and many things will be within our reach. , coupled with the integration of artificial intelligence and big data, we can easily handle things that may seem cumbersome now, such as some securities market transactions and intelligent matching of financial management activities.

To put it simply, blockchain is a network computing center that integrates people, property, machines, and goods, and packages it into a whole; putting it on an infrastructure to run the network computing center .

Now the author’s imagination is not big enough to imagine what the future world will be like. I am looking forward to it!

I know a thing or two about this issue. Let’s get to know this mysterious thing - blockchain.

Blockchain is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithms. Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. As the underlying technology of Bitcoin, it is a series of data blocks generated using cryptographic methods. Each The data block contains information about a batch of Bitcoin network transactions, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block

The more popular it becomes, the more we must keep away from the false and preserve the true. First of all, we must first figure out what the real blockchain technology is.

As an example, take buying fruits online.

The process of purchasing fruits online is as follows:

Using blockchain technology and decentralization, the process of purchasing fruits is as follows:

Summary:

1. We found that the original transaction process is: buyers and sellers make transactions, and all key processes are dealing with the payment platform. The advantage of this is that if there is a problem in any link, both sellers and buyers can seek help through the platform and let the platform arbitrate. However, a major bug or hacker attack occurs on the platform, resulting in the loss of all transfer records within a period of time. How to deal with the loss is a troublesome matter.

2. The transaction process using blockchain technology is: everyone’s ledger has exactly the same transaction record. Even if Alipay’s ledger server is broken, the seller’s ledger still exists, and the buyer’s ledger still exists. Still exists. Once this transaction occurs, the traces will never be erased.

This is the core of the blockchain, which is the four words "accounting + accounting".

The development and maturity of blockchain technology cannot be separated from the foundation and foreshadowing of the above new generation of Internet technology. Blockchain is not only a technology, but also provides a service model and solution. , which has played an extremely important role in promoting the further development of the Internet industry.

1. Blockchain + Finance

2. Blockchain + Supply Chain Management

3. Blockchain + Intelligent Manufacturing

4. Blockchain + Public Services

5. Blockchain + Education and Employment

6. Blockchain + Culture and Entertainment

7. Blockchain + payment

8. Blockchain + invoice {Already enabled in Shenzhen}

Traceability and non-tamperability of blockchain , perfectly combined with the inherent nature and needs of the financial industry, which makes the application of blockchain in the field of financial services the most in-depth and relatively mature field so far. Blockchain technology has broad application prospects. The future technological competition will also be a blockchain competition.

It is important to understand blockchain, which is important to see through various pseudo-blockchain scams.

If someone uses a bunch of professional terms to explain blockchain, it will be difficult for you to understand, and they may not really understand it themselves.

Therefore, we first establish a psychological line of defense. GiveIf you sell concepts and use a lot of unfamiliar technical terms, you may be a liar. Be very careful!

To understand blockchain, you must know what the core appeal of blockchain is. What do you think you are most worried about in today's highly developed Internet world?

Privacy, yes, privacy. How to protect privacy? You may be monitored at any time, and any of your personal information may be stolen at any time. If personal privacy is not absolutely protected, the Internet will become another pyramid of power. Who is standing on top of the pyramid? He is the smartest technical master, a platform provider, and an information regulator. You and I may be the people at the bottom of this pyramid.

The people who originally invented the blockchain had serious concerns about being completely swallowed up by the Internet, and tried to create an absolutely safe encryption technology to lock up personal privacy. This technology completely subverts traditional encryption technology. In fact, rather than locking up privacy, it is better to tear it into pieces and then distribute the pieces to different people for private keeping. Unless everyone agrees to take the pieces and piece together the complete code, the truth cannot be recreated. This is the first mechanism of blockchain, which is decentralization.

But decentralization alone is not enough. It is also necessary to make those who steal password fragments have nowhere to hide, so that every action of the thief can be recorded indelibly and posted everywhere on the Internet. Diffuse and make it public. This is the second mechanism of the blockchain, the non-anonymous mechanism. Do you think, who snoops into privacy is not sneaky?

In summary, the blockchain is to hide privacy in a decentralized manner, record any actions that reproduce this privacy, and make it public. Seeing this, you may want to applaud the blockchain. Don't worry, how can there be such a good thing in the world? Is there any utopia that is absolutely safe? If blockchain can be realized in an absolute sense, will the existence of the government still be meaningful? Yes, blockchain was originally the embodiment of anarchy. Its ultimate meaning is destined to never be realized. Its survival may have to rely on power, and it is destined to become another beautifully packaged lie and a pretense to deceive people. In this sense, the government must also specify a framework for the development of the blockchain, reconstruct the value of the blockchain, and drive out the anti-government and anti-national attempts contained in the blockchain. Some blockchain technologies can be used in concrete applications, but decentralization must not be promoted. In short, we must remain highly vigilant about blockchain. Beauty often hides its sting. Absolutely ideal recipes often turn out to be poison. The person who says he can absolutely protect your privacy and financial security is the real voyeur and vampire.

Perhaps the best way for us to protect privacy is not to have any privacy, to live a completely open life, either to live like a sun or to live like a god of wine.

Viewpoint: 1. The concept of blockchain originated from the technical attributes of Bitcoin (divided intoDistributed data storage and accounting, decentralization, inability to tamper with transaction records, point-to-point information transmission, sharing mechanism...), but later some people continued to extend and expand the concept to many business fields to facilitate capital speculation, 2. Blockchain in reality (The current blockchain on the market is very confusing). Most of the hype concepts are used to make money in the stock market. There are also a lack of regulatory loopholes, legal and regulatory issues, etc., and there is even money laundering (the actual operation of blockchain products is one thing, behind the scenes) Capital operation is another matter). At present, the world’s computer systems cannot meet the technical requirements of blockchain attributes (such as distributed data storage and accounting, decentralization...,), network bandwidth and storage technology Neither the computer computing system nor the computer computing system can meet the transaction operation requirements (it is easy to use computer technology to block your network or be unable to complete distributed data storage or transaction interruption or delay at any time and other practical application risks. In addition, the current global computer system It is very easy to crack the underlying program of the blockchain (this is a fatal flaw in the current global computers, 0 and 1 binary logic). In addition, if the reverse blockchain mode calculation algorithm is used, it is very easy to crack the blockchain. This reverse calculation mode is also It is completely possible to tamper with all transaction records. If a real quantum computer comes to the market in the future, it can directly break all blockchain computer systems in seconds. Bitcoin mining is a Ponzi scheme. 3. Most of the current blockchains on the global market are basically It is a concept of capital speculation to make money.

Blockchain has been mentioned for several years. Early last year, I heard a blockchain boss say that 2018 is the best year for the development of blockchain. , after this year, foreign development has fallen behind. What is blockchain? In terms of impact, it is like pig intestines, connected section by section. Blockchain is to connect these blocks together and fix them. Next, computer and Internet encryption technology is used to prevent secrets from being leaked to the outside world. This technology cannot be explained to non-professionals through professional terms, and generally they cannot understand it. It can only be explained with metaphors. Let me give two examples:

1. Four people, A, B, C and D, play mahjong in a mahjong parlor and gamble for money. They use chips for each game and settle the bill at once when they break up. A loses 1,500 yuan, B loses 300 yuan, and C wins 200. Ding won 1,600 yuan. As a result, A only had 1,000 yuan, and everyone else figured it out, but A still owed Ding 400 yuan. Only these four people knew about this, and these four people were in the same block. There is no basis for saying so. , I don’t know how to write an IOU for this kind of thing. What should I do if A doesn’t pay back the money in the future? Except for A, B, C, and D, no one else knows about this matter. If A wants to default on the debt and says that he doesn’t owe money at all, only B, C, and D will know about it. 3 people know that A has defaulted on his debt, and it is difficult for others to judge whether A owes money and refuses to repay. Therefore, the value of the blockchain needs to expand the scope of participation. What if these 4 people were playing mahjong and a dozen friends were watching? The cost of defaulting on a debt is high, right? This is a block of real life. What about extending to the Internet? Then there are infinite possibilities and more scenarios.

2. If there are four A, B, C and DPeople do business in a business group of 500 people, and this group of 500 people is a big block. Once, A asked B for 10,000 yuan of goods, but did not pay B in time. A said at that time that he would pay B within 3 days. Everyone in the group knows this. If A fails to send money to B within 3 days, then the other 498 business partners in the group will know about it. If A defaults on the debt, his reputation in this business circle will be ruined. affected. This is a block.

Later, A wanted to do business with C. C asked A for goods. A said, you pay a deposit of 5,000 yuan and the goods will be shipped immediately. C paid 5,000 yuan to A, but A was delayed. Not shipping, everyone in this group knows, this is another block. When the two blocks are connected, everyone doubts A's credibility. How many times have you done this? Will Mr. A continue to play in the future? This is the value of blockchain.

Blockchain may seem complicated, but it is not complicated at all; it may seem simple, but it is actually very difficult to operate. The blocks are too small and meaningless. If a block wants to grow bigger, privacy and business secrets will be involved. For example, it is inconvenient to talk about falling in love in a large group; for example, it is inconvenient to discuss it openly in the group (block) beforehand when working together to do big business. However, there are still occasions when blockchain technology is used, such as poverty alleviation work, disaster relief fund management, etc. It is exposed to the sun and everyone knows it and supervises each other. I’ve given these two examples. Do you understand them at all?

[The most core and easy-to-understand introduction to blockchain]

1. How does blockchain create trust? We use "1", "2", and "3" to summarize the characteristics of the blockchain:

- "1" summarizes the blockchain: a trusted distributed database;

- "2" core properties: distributed, non-tamperable;

- "3" key mechanisms: cryptography principles, data storage structure, consensus mechanism.

The "distributed" and "non-tamperable" properties ensure the "honesty" and "transparency" of the blockchain, which is the basis for the blockchain to create trust.

2. In terms of industry, it is expected that the financial industry will be dominated by the financial industry in the next 3-5 years, gradually radiating to other real industries, more realistic scenarios will be accelerated, and the industry will develop from "1 to N" to Including entertainment, product traceability, credit reporting, etc.

In the future, in addition to using technologies such as side chains, lightning networks, and cross-chains, blockchain will also need to be deeply integrated with emerging information technologies such as 5G, artificial intelligence, big data, and the Internet of Things to enhance the Technical performance and off-chain data quality and reduce resource waste.

3. Smart contracts may be the most revolutionary application on the blockchain. If smart contracts are widely used on the blockchain, the economic division of labor willWith further refinement in the Internet era, network nodes around the world will directly connect demand and production, and broader social collaboration will be realized.

If the above vision is realized, the combination of blockchain technology and industry is expected to usher in an explosive moment "from 1 to N". Its explosion may not be linear but non-linear. Blockchain Only then can the chain be upgraded from a "trust machine" to an important "engine" leading the industry wave.

Decentralization. Prevent cheating. It used to be that one person kept accounts and could make changes. Now there are 50 people. Each person records an entry and everyone has a record in the account book. Can you make changes to all 50? All 50 ledgers are valid unless they are all changed. So it's very useful.

I saw many people answering that ordinary people cannot understand intuitively. Let me explain it simply and clearly: Blockchain is decentralized. When something happens, everyone writes it down and has their own password, which cannot be tampered with.

Even if a hacker wants to change it, he has to do it one by one, which will tire him out. In fact, it is impossible, at least for now.

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

Blockchain originated from Bitcoin and is an important concept of Bitcoin. It is essentially a decentralized database. As the underlying technology of Bitcoin, it is a series of cryptographic methods. The associated data blocks are generated. Each data block contains a batch of Bitcoin network transaction information, which is used to verify the validity of its information and generate the next block.

Blockchain has potentially huge application value in financial fields such as international exchange, letters of credit, equity registration and stock exchanges. The application of blockchain technology in the financial industry can eliminate the need for third-party intermediaries and achieve direct point-to-point connection, thereby greatly reducing costs and quickly completing transaction payments.

After reading so many expert advices, I am still confused. I only remember that someone used this so-called "blockchain" to do pyramid schemes in the past...