When does the domain chain trade (in what fields can regional chain technology be used)
When does the domain chain trade? When does the domain chain trade? It is the sub private key of the Coin Security Exchange Currently, there are two addresses in China that hold domain chain tokens: one is called Xingyun Mining Pool, and the other is called Bitmex. This address has been online for over two months. Does this indicate that domain chains can quickly and securely deploy large-scale networks The first issue is the number of nodes. Because the production time of blocks is too long, the longer it takes to excavate new blocks, the longer it is impossible to determine which regions need to excavate which blocks. Therefore, for nodes, it is necessary to consider which blocks will affect the growth of computing power in the main network and the entire network. Therefore, for nodes, the degree of decentralization is high, but if they want to receive enough block rewards to support the network, they can directly participate in the construction of the entire blockchain ecosystem without purchasing anything else. As long as you control your own resources, you can achieve this. Secondly, the efficiency of information transmission between nodes is not low, which is also conducive to users receiving this information more conveniently and quickly
What fields can regional chain technology be used in
On a global scale, blockchain technology is gradually moving towards mainstream applications. So what areas can regional chain technology be used in? What role can it play? Let’s take a look at this issue together~
Distributed ledger technology (decentralized ledger) is a time series based and immutable encryption method that can provide a decentralized solution for communication between multiple systems. This scheme uses a “double signature” mechanism to prevent data theft, hacker attacks, or tampering. If network failures lead to transaction failures, consensus needs to be achieved through sharding; When blocks are overloaded, nodes may lose support for information. Due to Bitcoin and Ethereum being one of the most commonly used underlying technologies in blockchain, on January 28, 2019, the Digital Asset Industry Development Report showed that the US financial regulatory agency SEC has approved four new plans aimed at promoting the adoption of Central Bank Digital Currency (CBDC). These projects include Ripple, BitGo, and Coinbase, all of which hope to create a government supported network to handle cross-border payments Among these five new technologies, two are distributed, namely side chain technology and non sovereign blockchain technology, among which side chain technology is a very unique concept. Side chain “is a bookkeeping method on a single blockchain, similar to the main network, but without smart contract code vulnerabilities. This new blockchain model allows anyone to access private keys from all other different addresses simultaneously, without relying on third-party verification programs, making it easy for each user to send their own funds In addition, another side chain technology called hash computing also provides similar functionality. The original intention of its design is also to address many pain points in the current market: “Firstly, security.” The second major flaw is that only a few entities participate in this process to maintain their own secure and reliable data storage. But there is another important issue – opacity. Because only some intermediaries can complete the entire process of recording and saving events – and it also involves various operations. For example, at a certain moment, someone tries to expose the user’s identity to unauthorized individuals, then transfers the account and steals someone else’s password, and finally makes them run away with money. So now many companies are using hash algorithms to protect their personal privacy. Of course, except for hardware devices, almost all Almost all development uses the same code, which enables developers to quickly find different tools to perform some complex work, rather than relying on a single party to reach an agreement
The third point is Tamper resistance, because the blockchain can ensure that no errors will occur within a completely certain time, and even may change the status of transactions. Therefore, for companies that want to make decisions faster, ‘even if they encounter significant difficulties, they can choose to implement a more proactive approach, which is to take measures to improve performance’. The fourth point is interoperability and scalability, as it is a specific scenario for working on blockchain. In April,
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