For the blockchain technology, I believe many of my friends have already paid attention to it. The blockchain is a hot topic at the moment. The news media has reported a lot, claiming that it will create the future. So what does the blockchain mean? What are the characteristics of the blockchain? Today, the decoration home decoration network Xiaobian will introduce the blockchain in detail for everyone, I hope you can understand it after reading.
What does the blockchain mean?
Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. The so-called consensus mechanism is a mathematical algorithm for realizing trust and acquiring rights between different nodes in the blockchain system.
Block chain is also an important concept in Bitcoin currency union Wudaokou financial Tsinghua University School of Internet Finance Lab, Sina Technology issued a "2014--2016 global bitcoin Development Report" mentioned block chain is the underlying technology and Bitcoin Infrastructure.
The blockchain is essentially a decentralized database and serves as the underlying technology for bitcoin. A blockchain is a string of data blocks generated using cryptographic methods. Each block contains information about a bitcoin network transaction for verifying the validity of its information (anti-counterfeiting) and generating the next block.
In a narrow sense, a blockchain is a chained data structure that combines data blocks in a chronological order in a sequential manner, and cryptographically guaranteed non-tamperable and unforgeable distributed ledgers.
Broadly speaking, blockchain technology uses blockchain data structures to validate and store data, use distributed node consensus algorithms to generate and update data, and use cryptography to ensure data transmission and access security, using automated scripts. The code consists of a smart contract to program and manipulate data in a completely new distributed infrastructure and computing paradigm.
What are the characteristics of the blockchain?
Through the summary analysis of the blockchain, the characteristics of the blockchain are mainly as follows:
1, the first is to trust disintermediation, which is repeatedly emphasized, also said yesterday and not to the center but disintermediation, coincide.
2 , the second feature is its stability, reliability, continuity, because it is a distributed network architecture, no central node can be attacked or attacked, so the overall technical layout is more stable Sex, reliability and continuity.
3 , third, its strong security, consensus mechanism does not require the entry of a third party, but through a technology to achieve, a previously scheduled technology to achieve the completion of the entire transaction.
4 , the fourth is the open and transparent modification of the transaction, there are many industry practitioners to share these characteristics with you, so this is the four characteristics of the blockchain.
Due to these characteristics, the blockchain can be greatly concerned by many financial institutions and many industries in the future or now.
The above is what the blockchain brought to you by Xiaobian is what it means? What are the characteristics of the blockchain? I believe that everyone has a basic understanding of what the blockchain is after reading this article. If you want to know more about decoration, please click on the decoration knowledge channel .
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