What is the working principle of blockchain?

What kind of technology is the blockchain technology that is very popular recently? Blockchain technology is regarded as the brightest star in financial technology and may continue to develop blockchain technology in the future. It has many characteristics, including data distribution, data credibility and collective knowledge mechanism. The most important words are openness and transparency, anonymity and privacy. According to the data in these blockchains, we can get some basic information of contemporary society.

To understand the working principle of blockchain, we must first understand several concepts. The first concept is what the blockchain is, and the blockchain is some data, which is already correct. Then the computer inputs the data currency network and records it permanently on this platform. In other words, when we need to find these materials, it can be found. Therefore, the blockchain means that some data is correct and then added to the end of the blockchain. Therefore, the blockchain is very powerful. You also need to know the structure table of the block.

The structure table of a block consists of different bytes, including 4 bytes and 80 bytes, representing different data. These technical terms may be difficult to understand, but the basic meaning is that blocks are determined by these characters, and different character lengths represent different information. The last one is called a block header and consists of metadata. When we query some block information in the browser, we can see information such as the length of characters and what the block header is made of. Through this information, we can probably understand what all the content is.

Blockchain technology is such a safe and scientific database. It can be simply understood as an authoritative database, and its basic contents are all true, all of which have been verified and audited by others. In financial technology, it is very easy to find some desired data, which is very good for business people.