To know something new that you have never seen before, it is important to understand its origins and its origins in order to know why.
The idea of ​​blockchain first appeared in the famous Bitcoin open source project. In the birth and development process, the Bitcoin project drew on technical achievements from various fields such as digital currency, cryptography, game theory, distributed systems, and cybernetics. It can be said to be a long-standing, long-standing, and as its core supporting structure. The blockchain technology is a remarkable innovation.
So,
What is a blockchain?
Blockchain is a distributed database system with different nodes involved. It is an open ledger system.
It is composed of a string of data blocks or data packets generated in accordance with a cryptographic method, namely a block. Each block of data information is automatically time-stamped to calculate a data encryption value, that is, a hash. The value (hash).
Each block contains the hash value of the previous block, which is chained from the genesis block to the current area, thereby forming a block chain.
How does a blockchain save the credit crisis?
In so many ways for people to increase mutual trust, there is a blockchain to save the crisis of confidence. The blockchain is the core technology in the Bitcoin financial system. Its essence is a growing and growing settlement database, which can perfectly solve the trust crisis in the information system.
It originated from the following question: Why do you believe in a stranger? Why do people believe you?
The blockchain uses an algorithm proof mechanism to guarantee this trust. With it, all nodes in the entire system can automatically and safely exchange data in a trusted environment. Compared with other time-consuming and costly tool technologies, it can be automatically coupled and enforced in real time with low cost.
Instead of believing people, it's better to believe in technology. Blockchain technology brings about an intelligent trust. As an example, the government of Honduras used blockchain technology to establish a new registration and trading system for real estate contracts because Honduras had been turbulent and government workers were lazy so that registration was not known or records were lost. Such disputes are global universal. With the secure encryption and blockage of blockchain technology, people no longer have to worry about government corruption leading to their property being tampered with.
In the future, digital information can be added to the blockchain. As long as you can enter the chain, information property rights can be clearly defined, you can set protection conditions, you can automatically initiate and enforce trading contracts, and you do not have to worry about trust verification and trust execution, because the blockchain can help you achieve.
In the real world, transactions between people and people, people and companies, companies and companies require public credibility to provide support. Public credibility refers to the trust power of fairness, fairness, openness, humanity, democracy, and responsibility demonstrated by public power in the face of time differences, public contacts, and exchange of interests in public life. In current society, credibility is generally provided by government, state agencies, or third-party organizations authorized by the government.
The blockchain technology can well meet the demand for credibility, and it abstracts the credibility as an independent rather than a government or a third-party organization to control the existence of a new pattern of public trust that the government, the public, the blockchain and public trust will supervise each other. ".
Trust is built on the blockchain, rather than being controlled by a single organization, so that credibility can be verified and supervised by multiple parties.
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