What is the use of blockchain addresses (the positioning of blockchain)
What is the use of blockchain addresses? In daily life, we often use digital cur
What is the use of blockchain addresses? In daily life, we often use digital currencies such as Bitcoin, Ethereum, and Litecoin.
For ordinary people, they can encrypt their private keys and store them in wallets or other places for safekeeping. If someone wants to contact you through email or other means, they can obtain the private key by sending a small payment. For example, using a Bitcoin address, it can also be used as an email address for transferring funds. So what are the uses of blockchain addresses? Here are some specific examples:(1) Used for managing transaction information or receiving payments in public chains (such as EOS) for tokens.(2) Providing services or asset security protection for personal accounts.(3) Serving as information/credentials for hiding user identities.(4) Helping people establish trust and ensure their compliance with laws and regulations.
The positioning of blockchain
Blockchain technology is a disruptive technology of the Internet age. In the past few years, people have become more and more interested in and recognized its potential. However, as its development progresses and diversifies, it has gradually formed its own ecosystem. Currently, although there are over 100 professionals in the industry, there are only about 20 people who can truly achieve the scale of development in this industry. This indicates that the development of this industry still needs time to verify. Therefore, we believe that the positioning of blockchain as a new technology is very important. So what is blockchain?
Firstly, it is a Liquidity Transfer System, which is a way of transferring information to nodes in the network to create value. By sending this data to the user’s specified address for circulation, rewards, storage, and other operations, the goal can be achieved. Based on this mechanism, credible transaction records (tokens) can be generated. Due to the anonymity and tamper-proof nature of blockchain itself, if someone knows the source of funds in a specific account or wallet, it can automatically verify whether this account or other accounts have been stolen. Secondly, smart contracts, or the so-called distributed ledger, are used to create decentralized financial services. When individuals have digital assets, they can use these digital currencies to pay interest and even conduct loan business without the need for third-party involvement. If there is a very successful public chain project now, it is EOS, and the underlying protocol of EOS today is an open-source platform called EOSIO, with a dedicated development team responsible for code development. Another application is the private key manager, which is used in encrypted cat applications such as Bitcoin and Litecoin. It allows participants to initiate authentication of anyone’s identity using their private keys. The last method is to let everyone set cryptographic parameters to save and control their identity identification.
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