What are the characteristics of blockchain technology?

The performance characteristics of blockchain technology are as follows:

With its multi-centralized characteristics, the blockchain makes it impossible for the market makers in traditional betting to control the returns, and no group of betting projects will be controlled by interest groups.

Secondly, all the betting information will be recorded on the blockchain and the information on the blockchain cannot be tampered with, and all the information is open and transparent, which will avoid the phenomenon of black box operation and make the World Cup betting more transparent.

Under the premise that the corresponding "smart contract" can also be set up, players can automatically get rewards after the end of the game, without going through any platform hands.

The era of blockchain is the era of digital currency, and the technical basis is:

1.The structure of continuous bank data blocks in blocks.

2.Shared ledger across the network.

3.Asymmetric encryption.

4.Source**Open source.

Technical Fundamentals in the Blockchain Era:

1.smart contracts; It is an application in the blockchain system, which is a business logic that can be automatically run in code, usually with its own token and a dedicated development language;

3.Virtual Machine: Used to execute the compiled smart contract, the virtual machine is Turing-complete.

With the application and deepening of blockchain technology, the blockchain era has come, and the mode of blockchain collaborative operation can be seen behind the operation of all walks of life, so the blockchain will change the way of life of human beings extensively and profoundly, so the entire life service will enter the blockchain era. In this process of Internet development, blockchain + physical industry, blockchain e-commerce, and blockchain community operation can all apply blockchain technology.

Of course, with the development of modern cryptography, the cryptography applied today is the result of cryptography 20 years ago, so to apply blockchain technology to more participation scenarios, especially in the Internet economy, whether the existing encryption technology meets the needs needs needs need more verification, and more in-depth integration of cryptography cutting-edge technology is needed, and continuous innovation is required.

The five essential features of blockchain technology are as follows:

1. Blockchain technology feature 1: distributed database.

Each party on the blockchain has access to the entire database and its complete history. There is no single party that controls data or information. Each party can directly verify the records of their trading partners without the need for a middleman.

2. Blockchain technology feature 2: peer-to-peer transmission.

Communication occurs directly between peers, not through a central node. Each node stores and sends information to all other nodes.

3. Blockchain technology feature three: transparent anonymity.

Any user with access to the system can see each transaction and its associated value. Each node or user on the blockchain has a unique address composed of more than 30 letters and numbers, which is used to identify itself. Users can choose to remain anonymous or provide proof of their identity to others.

The addition of the blockchain takes place at these addresses.

4. Blockchain technology feature 4: the irreversibility of records.

Once transactions have been entered in the database and accounts have been updated, the records cannot be changed because they are linked to every transaction that preceded them (hence the name "chain"). A variety of different algorithms are employed to ensure that the records in the database are permanent, chronologically sorted, and accessible to all other nodes on the network.

5. Blockchain technology feature 5: calculation logic.

The digital nature of the ledger means that blockchain transactions can be linked to computational logic and are inherently programmable. As a result, users can set algorithms and rules that automatically trigger transactions between nodes.

Extended information: Blockchain is a chain composed of one block after another. Each block holds a certain amount of information, which is connected into a chain in the chronological order in which it was generated.

This chain is kept in all servers, and as long as there is one server working in the entire system, the entire blockchain is secure. These servers are called nodes in the blockchain system, and they provide storage space and computing power for the entire blockchain system. If you want to modify the information in the blockchain, you must get the consent of more than half of the nodes and modify the information in all nodes, and these nodes are usually in the hands of different subjects, so tampering with the information in the blockchain is extremely difficult.

Compared with traditional networks, blockchain has two core characteristics: data is difficult to tamper with and decentralized. Based on these two characteristics, the information recorded by the blockchain is more authentic and reliable, which can help solve the problem of people's mutual distrust.

The three major characteristics of blockchain are that the core idea of blockchain is decentralization, the biggest subversiveness of blockchain lies in the establishment of credit, and the collective maintenance of blockchain gods can reduce costs.

Blockchain is a term in the field of information technology. Essentially, it is a shared database, and the data or information stored in it has the characteristics of "unforgeable", "traceable", "open and transparent", and "collective maintenance".

Blockchain features:

1. Decentralization. Blockchain technology does not rely on additional third-party management institutions or hardware facilities, there is no central control, except for the self-contained blockchain itself, through distributed accounting and storage, each node realizes information self-verification, transmission and management. Decentralization is the most prominent and essential feature of blockchain.

2. Openness. In addition to the private information of the parties to the transaction is encrypted, the data of the blockchain is open to everyone, and anyone can query the blockchain data and develop related applications through the open interface, so the information of the entire system is highly transparent.

3. Independence。Based on consensus specifications and protocols (similar to various mathematical algorithms such as the hash algorithm used by Bitcoin), the entire blockchain system does not rely on other third parties, and all nodes can automatically and securely verify and exchange data within the system without any human intervention.

4. Security。As long as you can't control 51% of all data nodes, you can't arbitrarily manipulate and modify the network data, which makes the blockchain itself relatively secure and avoids subjective and artificial data changes.

5. Anonymity。Unless required by laws and regulations, technically speaking, the identity information of each block node does not need to be disclosed or verified, and the information transmission can be carried out without concealment.