Understand what is the core technology of blockchain in three minutes

  In the past two years, the hottest topic in the technology field has inevitably been inseparable from blockchain technology. This underlying technology, born out of Bitcoin, has proven its highly secure and reliable architecture and algorithm design with more than 7 years of stable operation. At the same time, with innovative technologies such as distributed ledgers and smart contracts, it has upgraded industries in many industries. Open up a huge space for imagination. Some industry experts even predict that blockchain technology will set off a second Internet revolution. 


      Core Technology:

  1. Blockchain identity: Based on blockchain technology, once created, it will be unique and cannot be tampered with.

  2. Information security storage: All the user's information will be encrypted and stored through blockchain technology. If others need to view the user's information, they must obtain the consent of the user.

  3. Decentralized value exchange: help users to comprehensively manage personal information data, mine their own value, and then realize the commercialization of personal information data value.

  4. Consensus mechanism: It is how to reach a consensus among all accounting nodes to determine the validity of a record. This is not only a means of identification, but also a means of preventing tampering. The blockchain proposes four different consensus mechanisms, which are suitable for different application scenarios and strike a balance between efficiency and security.

  The last core technology is that smart contracts are based on these credible and immutable data, and Tel-130 can automatically execute some pre-defined rules and terms.


  Multiple parties in the blockchain jointly verify the data in the super large ledger. Each participant can verify the data in the super large ledger, so that the validity of the data can be verified by all participants. Coupled with its own non-tamperable line, this will give you a sense of security and can unconditionally trust the various data in it.

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