Bitcoin, Ethereum... Is blockchain technology really recognized?

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Author: Zach Exhibition - Published in Cloud + Community Blockchain Column

Recently , the price of Bitcoin has continued to rise, setting off a "bit wave". Bitcoin is more involved in actual transactions. Although the Turkish government has warned about the risks of electronic currency use, according to the British "Daily Mail" report on January 30, Turkish amateur football club Harunustaspor paid 2,500 Turkish lira (about 7,526 yuan) plus 0.0524 bitcoin. (3445 yuan) to sign a 22-year-old player. In addition, foreign media reported that the US payment service provider announced on January 31 that Square's "Cash" (cash) payment application already supports bitcoin transactions, and now almost all states except New York, Georgia, Wyoming and Hawaii have Users can now buy and sell bitcoins on the platform.

Bitcoin's history is not long. After the outbreak of the financial crisis in 2008, someone published a paper under the pseudonym "Satoshi Nakamoto", expounding for the first time the concept of Bitcoin's decentralization and non-additional issuance. In 2009, 50 bitcoins were mined by "Satoshi Nakamoto" on a small server , and bitcoin was born.

Bitcoin hit $30 in June 2011, and the price plummeted shortly after, as Bitcoin was not yet recognized, and a prolonged downturn ensued. But in 2013, the price of bitcoin ushered in its explosion. During the year, its price skyrocketed from more than ten dollars to 1,000 dollars, and continued to rise after 2013, reaching the 30,000-dollar price for the first time in August 2017. close. Although Bitcoin has faced a devaluation crisis recently, its current value and influence cannot be underestimated.

Various basic science articles about Bitcoin and blockchain have made their meaning and role clear. Cryptocurrencies such as Bitcoin and Ethereum all rely on blockchain technology. Blockchain has become one of the most popular words in recent years due to its characteristics of distributed data storage, point-to-point transmission, consensus mechanism and encryption algorithm. At present, people's future ideas for blockchain mainly focus on securities markets, payment systems, network security , medical care and cloud storage.

As of March 2017, 107 blockchain projects/alliances have been established abroad and 52 in China. Domestic and foreign companies have begun to pay attention to the layout of the blockchain. We need to admit that blockchain technology does have great room for development and quite bright prospects.

Now, many different industries are focusing on blockchain. Not only that, although there are still some governments that say they are not optimistic about digital cryptocurrencies, most of them support blockchain technology. IBM's blockchain development report pointed out that 90% of governments around the world are planning blockchain investments. Although my country is also vigorously developing blockchain technology, for now, the popularity and application of blockchain technology is still slightly inferior to foreign countries. For example, Estonia, the most electronically advanced country in the world, has used blockchain technology in taxation systems, business registration systems, and citizens’ electronic health record systems.

It is undeniable that if we want to learn the latest development of blockchain technology , we not only need to read the articles of domestic technical experts, but also pay attention to the latest research results of foreign blockchain technology. However, in the era of information explosion, it is difficult to obtain multiple high-quality blockchain technology dry goods from different foreign websites in the shortest time. So, here I recommend a good place I recently discovered to learn these dry goods - Tencent Cloud + Community Translation Agency . Each issue here provides good articles from foreign technical communities or blogs on different topics, and the current issue is about blockchain . The most important thing is that the members of the translation agency can not only read these articles here, but also translate and share their own articles, exchange knowledge including but not limited to blockchain with friends, share experience, and improve together. . In addition, the long-term adherence to translation to improve the English level does not need to be repeated here. The translation agency will also provide you with exciting gifts, and excellent members will have the opportunity to sign up as long-term translators and win mysterious awards.

The vast number of technology enthusiasts and translation enthusiasts, please click ( https://cloud.tencent.com/developer/translation ) to join the translation agency, explore cutting-edge knowledge, and get exciting benefits.

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Original link: https://cloud.tencent.com/developer/article/1059696

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