What is Fabric Blockchain (Introduction to Fabric Blockchain)
Fabric Blockchain is what? Editor\’s note: This article is from 8BTC Finance(ID:
Fabric Blockchain is what? Editor’s note: This article is from 8BTC Finance(ID: bitcoin8btc), written by Wang Jiajian, authorized by Planet Daily.
What is Fabric Blockchain? How does it operate? What is its working principle and application architecture? What can it do? Why do these questions exist? If there is no simple and clear way to achieve this, there may be many technical challenges, but that does not mean you will not study this field, it is a systematic problem. If you do not understand, you can search for an introduction or article about this technology here: Fabrick.network (abbreviated as fabric) – an open platform based on distributed ledger protocol.
Although using peer-to-peer networks for transactions can avoid the risks of centralized institutions and improve efficiency, in most cases, this model cannot meet the needs of large-scale users and provide greater data availability.
To solve this problem, we need a new consensus mechanism. That is, when it comes to complex computations, they are usually performed by multiple nodes. For example, in a single block, each miner can only handle a small amount of hash time. In addition, due to the limited block size, all other clients can request information from the same number of networks.
For ordinary computer developers, this sounds like a “brain” because they hope to be able to easily learn some new concepts.
However, the understanding of non-cryptocurrency enthusiasts is completely different, because most people have not deeply studied any potential issues or vulnerabilities in this field. Instead, they are considering building their own solutions to address the possibility of these issues. Nevertheless, they still need improvement to adapt to the growing user base and reduce costs.
Introduction to Fabric Blockchain
Editor’s note: This article is from 8BTC Finance(ID: bitcoin8btc), written by Fabric, translated and proofread by JOSEPHYOUNG, authorized by Planet Daily.
Blockchain is a technological solution that has nearly 20 million users and 50 million developers worldwide. It enables us to provide a seamless integrated platform for billions of industries, enterprises, and governments.
For users who want to know more, this is a very interesting opportunity, but it’s just the beginning. To understand this project and its development history, click here to read the introduction article about this project. What is a distributed ledger? The database is composed of one or more independent data sources. Each data point has a subset that is used for processing all content related to specific transaction types. These nodes create and manage public databases by using decentralized applications (DApps). They can connect to each other and share data without being tampered with. When you access the database, you will get a set of separate information, including ownership status. What happens if there is a problem? For example, after you communicate with your customers, your system may be attacked or unable to recover; then, when you need to access the database, they usually cannot send you messages to keep the network stable. In addition, since every operation stored on the server is open source, you can view any suspicious records at any time without worrying about data loss.
Although decentralized databases allow people to easily verify data, some people don’t like to do so, such as “CryptoKitties”, because it has many different features – files that are difficult to trace and easy to copy. However, “CryptoKitties” is actually completely transparent and open to some extent: it provides a way to prove itself without a third party.
Now that we know the huge potential of distributed ledger technology and how to solve this challenge, we are building a set of cryptographic-based technologies to fundamentally change our financial situation, eliminating concerns about security and fraud. Why use blockchain technology? First, we must find a way to make it easier to control the validity of data. This is why most blockchain companies rely on smart contracts instead of centralized computers to maintain the network. This is because smart contracts are initiated by a group of people and are almost always publicly visible, just like other financial institutions.
Unfortunately, despite the complexity and volatility of the digital asset ecosystem, distributed ledgers have shown significant growth trends.
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