The development of blockchain technology

To understand the development of blockchain technology, first of all, you need to understand what blockchain is.

Blockchain is actually not difficult to understand, "blockchain" is a term in the field of information technology. In essence, he is the same as the Internet, is a way to transmit data. Only the blockchain has been upgraded and innovated, assembling many new technologies, such as cryptography, distributed storage, smart contracts, *** knowledge algorithms, etc., so that it has a unique advantage.

It can also be regarded as a clustered database, in which information and data are stored, with the characteristics of "unforgeable", "traceable", "traceable", "open and transparent", and "transparent". "Open and transparent", "collective maintenance" and other characteristics. Based on these features, blockchain technology lays a solid foundation of trust, creates a reliable mechanism of cooperation, and has a broad application prospect.

Although the blockchain originated from Bitcoin, the blockchain is essentially one of these Internet protocols, and it can be said that it is a new method of transmitting data between existing Internet protocols. Its advantage, on the other hand, is that it can use the transmission of data as the basis for changing the existing traditional model of third-party-centered trust endorsement model.

The unique thing about blockchain is its decentralization, which is one of the most important features of blockchain, and the so-called decentralization is to remove this center, so that the original rights belonging to the centralized role of the decentralization, the users can freely carry out peer-to-peer transactions between each other.