Understanding of Blockchain

Three key points of blockchain:

Decentralization, openness and transparency, full traceability

 

 

Decentralized:

Say "chestnut"

 

When WeChat; Alipay, the cheap payment software suddenly crashed the server

You can't find all your transaction records online

any information from the seller

Will you panic!

Will it cause a huge stir

This result is inevitable

This is the centralized approach, and it is the two central institutions, Taobao and Alipay, that maintain the bond between buyers and sellers. (Even if there is no electronic payment tool, direct bank transfer between buyers and sellers, there is still a centralized structure, and the bank itself is a large national intermediary.)

 

The emergence of blockchain is precisely to solve such problems. Buyers and sellers can book together and trust each other. Even if Alipay collapsed, online shopping could continue.

 

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 that realizes the establishment of trust between different nodes and the acquisition of rights and interests in the blockchain system.

 

In the past year, whether it is the entertainment industry, the technology industry, or the investment industry that was the first to smell the opportunity, anyone who has never heard of the term "blockchain" is really out.

 

Even in the entertainment industry, which has been lagging behind, a lot of businesses have been developed: such as the NetEase blockchain cat raising game "NetEase Lucky Cat"; the virtual artificial intelligence image created by the girl group SNH48 using blockchain; Meitu in the block chain Meitu Smart Pass (MIP) created with facial features on the chain.....

 

 

The development of blockchain technology is divided into three stages: 1.0 period, programmable currency; 2.0 period, programmable finance; 3.0 period, programmable society, "It corresponds more to the changes in human organization, including health, science, culture, etc. and blockchain-based justice, voting, etc.

 

 

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