• What is blockchain technology? How does blockchain work?

    What is blockchain technology? How does blockchain work? What is blockchain technology? Blockchain, sometimes referred to as distributed ledger technology (DLT), makes the history of any digital asset immutable and transparent through the use of decentralization and cryptographic hashing. Google Doc is a simple analogy for understanding blockchain technology. When we create a document and share it with a group of people, the document is distributed rather than copied or transferred. This creates a decentralized distribution chain so that everyone can access the document at the same time. No one…

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  • Basic concepts: How did blockchain develop?

    Blockchain has become a modern buzzword, and blockchain technology is currently the hottest. Both companies and individuals have joined the blockchain industry. Blockchain is a further development based on the Internet and a further upgrade of the Internet society. However, the emergence of a new thing is always accompanied by a lot of questioning, research and discussion. So, how did blockchain develop? What is it like now? Let’s find out together. 1. Popular blockchain Those who know blockchain should be familiar with the name Satoshi Nakamoto. Although it is not…

  • Blockchain: Sharing of basic blockchain terms

    Blockchainis a term in the field of information technology. Essentially, it is a shared database, and the data or information stored in it is “unforgeable”, “full traces are left”, “traceable” and “open and transparent” Features such as “collective maintenance”. Based on these characteristics, blockchain technology has laid a solid foundation of “trust” and created a reliable “cooperation” mechanism, which has broad application prospects. NextShare some terms in blockchain through articles: (1) Address: A Bitcoin address (for example: 1D1DSrfJdB2AnWaFNgSbv3MZC2m74996JafV) consists of a string of characters and numbers. It is actually the…

  • The essence of blockchain is a distributed shared database

    Blockchain is essentially a distributed shared database. Blockchain is a chain data structure that combines data blocks in a specific order in chronological order. It stores records of all transactions since the birth of the system. The data on the blockchain is jointly maintained and stored by nodes throughout the network, and cryptography ensures that the block data cannot be tampered with or forged. Blockchain allows any number of nodes participating in the system to generate associated data blocks (i.e. blocks, blocks) through cryptographic methods. Each data block contains data…

  • What is blockchain? Basic concepts and principles of blockchain technology

    Blockchain technology has the characteristics of decentralization, information cannot be tampered with, information is transparent and can be jointly maintained. The basic concepts and principles of blockchain technology will be explained below. 1. Blockchain concept Blockchain can use cryptography to concatenate and protect concatenated transaction records (also known as blocks) of content. In the blockchain, the content of the block is difficult to tamper with. Each block contains the encrypted hash of the previous block, the corresponding timestamp, and transaction data (usually represented by a hash value calculated by a…

  • What is the working principle and process of blockchain technology?

    The evolution of accounting technology triggered by the blockchain will promote changes in business collaboration and organizational forms. The core value of distributed ledger technology is to provide a trusted foundation for future multi-party collaborative networks. When a user initiates a transaction through the Bitcoin client, the message is broadcast to the Bitcoin network for confirmation. Nodes in the network will pack together the received transaction requests waiting for confirmation, and add information such as the hash value of the previous block header to form a block structure. Then, try…