For digital asset trading website construction (+V letter RUIEC2723), the integration of blockchain technology not only increases the supply and demand of digital assets in the market. At the same time, blockchain technology is still leading the market, perhaps many people do not understand why the current blockchain technology is so hot? What is the relationship with digital asset trading website? Today, I will talk about the innovation of blockchain technology from the following four points:
1. Distributed storage — Decentralized and immutable blockchain decentralized distributed ledger technology is very popular. The data generated by each transaction is distributed across multiple nodes in different places around the world, but each of our nodes records complete data. At the same time, we also call blockchain technology as the common accounting method for all people. Unlike traditional centralized accounting ledger, no node on blockchain technology can modify the data independently, and even if it modifies the data, it is invalid, because many nodes store the data together. Thus avoiding the possibility that many single bookkeepers are controlled or bribed and write false accounts. Another advantage is that the account data is always there and there is no possibility of loss.
2. Asymmetric encryption and authorization — security, anonymity
For blockchain storage technology, our transaction information is public, I believe many players who trade bitcoin can understand this. Of course, our own account identity is highly encrypted and can only be accessed with the authorization of the data owner. Of course, this is also the strong credibility of our blockchain technology. To ensure the transaction data can also ensure personal security and privacy.
3. Consensus mechanism — autonomy and openness
Common consensus mechanisms in blockchain mainly include proof of work, proof of interest and certificate of share authorization. That’s what we call consensus algorithms like POW, POS, DPOS, etc. The main function is to enable highly dispersed nodes to effectively reach consensus on blockchain data in a decentralized system. While putting forward such different consensus mechanisms, blockchain is also applicable to different application scenarios to effectively reach consensus between nodes, identify the validity of the record, prevent tampering, and improve efficiency and security.
4. Smart Contracts — irreversibility, mandatory
Smart contracts are compiled on the basis of reliable and immutable data, and the benefits of smart contracts can be established first. In fact, this is the same as the system to develop a set of audit standards, but this is based on the blockchain technology to set up the contract, as long as the process involved will be automated according to this standard to execute.
For blockchain technology, blockchain is also constantly expanding application scenarios. In this era of blockchain boiling, we are unwilling to lag behind to understand blockchain, to understand blockchain, to invest in blockchain, to build blockchain digital asset trading websites and so on. All of these are a way for us to promote the development of blockchain technology, which is also the beginning of our trend towards blockchain.