Standard explanation: "Blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies."
Simple understanding: "Blockchain is essentially a decentralized distributed database."
Blockchain
It is also necessary to understand the benefits that the Internet of Things can bring to companies, so that companies can make wise decisions about whether to use this technology.
Bitcoin is a cryptocurrency that relies on computer networks to verify transactions. Hash rate refers to the total computing power used to mine and process transactions on the workload proof blockchain.
More and more companies are turning to blockchain in order to improve their supply chain production processes.
Enterprises should consider data privacy and security when considering whether to use a public or private blockchain for storage.
CoinSmart Chain is a new blockchain with a mature environment for developing high-performance decentralized applications. It is designed for cross-chain compatibility with CoinSmartChain to ensure that users get the advantages of both.
By providing players with new options for game ownership, trading and playing games, blockchain has the ability to revolutionize the gaming business.
When blockchain projects show that their technology can provide something that the traditional Internet does not have, large investors will participate.
The decentralized, consensus-driven and lack-of-trust nature of blockchains makes them inherently resilient to attacks.
Speaking of consensus mechanism, in fact, he is a mode of verification and confirmation of the transaction, he is mainly through the vote of the special nodes to complete the confirmation, in general, if for a transaction, a number of interests of unrelated nodes can reach a consensus, then we will be defaulted to the whole network can also reach a consensus.