Here are my views on the block chain and related etheric Square, not necessarily correct, please correct me:
What is the block chain
In my eyes, the chain is a block books, the books record the behavior of everyone in it, such as transactions, such as obtaining money.
What is Bitcoin
Bitcoin is a digital chain on the block, he represents you have a certain amount of bitcoins, this number will be recorded on the block, can not be changed, that is, if there is no bitcoin block chain is an objective reality, but Bitcoin gives real meaning block chain.
What is mining
When Bitcoin transaction generated, we need to record him, then who is going to record, a process called mining, we resolve to fight for the accounting right through a very complex math problems, but ultimately successful accounting people We will get some bitcoins as wages.
How transfer
Each purse has an address, you only need to send the address of the virtual currency on it.
What is a smart contract
Intelligent automatic execution of the contract is a contract, he will be executed automatically according to the code under the condition
Intelligent contract reflects how
Place in the ether, the smart wallet is a contract and address, if the address is sent to a data contract there intelligent code is executed this contract.