• Blockchain: The overall architecture of the blockchain

    The overall architecture of the blockchain includes six layers: data layer, network layer, consensus layer, incentive layer, contract layer, and application layer. Data layer The underlying dependence of all blockchain technologies is also the essence of blockchain. Network Layer The part that carries out point-to-point transactions and broadcast multicast ensures the smooth progress of transactions and transaction confirmations. It is precisely because of the point-to-point transaction characteristics of the blockchain that data transmission is dispersed among various nodes. The destruction of some nodes or networks will have little impact on…

  • What is consensus and how does the blockchain consensus mechanism work?

    Blockchain has become a buzzword in modern networks, and blockchain technology is also the hottest technology at present. 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. Whether it is Bitcoin, Ethereum, or the development of other blockchain networks, they all have their own consensus algorithms. In a distributed network like the blockchain, all nodes…