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What is Baidu’s Definition of Blockchain (What is Block Link)?

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Baidu\’s Definition of Blockchain According to Mars Finance, what is Baidu\’s bloc

What is Baidus Definition of Blockchain (What is Block Link)?

Baidu’s Definition of Blockchain According to Mars Finance, what is Baidu’s blockchain? In Baidu search, you can find: blockchain. Baidu Baike states that “Baidu Chain” refers to the alliance chain system, which makes the entire network more efficient, secure, and trustworthy, ensuring the security and integrity of data and assets of both parties involved in the transaction. At the same time, in order to reduce costs and encourage more people to participate, for example, using WeChat to buy and sell goods, payment can also be made at this time. So what exactly is Baidu’s definition of blockchain?

What is Block Link

Block link, which is the transfer of information from a centralized platform to a decentralized system. Blockchain can solve trust issues and enable any party to participate. However, in the traditional Internet era, the “link” we are familiar with does not possess such technological advantages and security guarantees.

The essence of blockchain is the process of storing, transmitting, and recording these transactions. When there is value transfer or asset movement on the network, new assets or new demands are generated. Once these demands are met and captured quickly, new business scenarios will arise. So how does this process work? Below, we will explain in detail what block link is.

What is Block Link? Simply put, it is the transmission of information from one node to another node’s data processor for processing. For example, if one day you need to send a payment to multiple different nodes through a message (such as Bitcoin), you can use a payment card (such as PayPal) or a token (such as Bitcoin cash) and transfer it to another institution – this type of digital currency is called cryptocurrency (also known as private key). Then, there will be information in your account, including your address balance and password. This can greatly improve the efficiency of the entire blockchain system by ten times or even more. (Note: There is still a long way to go in connecting blockchain with the real world, so what is needed is not hardware devices, but software devices, which can provide more interfaces and services.)

But why not choose smart contracts? Because smart contracts are not written by computers. In other words, blockchain does not need to establish consensus on all external services, nor does it need to rely on third-party intermediaries. Smart contracts on the blockchain are usually executed automatically in code form, so they must be verified to function properly. As a representative application of distributed ledger technology, blockchain has developed for many years. One of its core functions is to provide a trustworthy point-to-point electronic signature protocol for everyone, which is called block link.

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