Search Results: blockchain (46)

Blockchain Wallet is a digital wallet that allows users to manage bitcoin and ethereum.Blockchain Wallet is powered by Blockchain, a software company founded by Peter Smith and Nicolas Cary.

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."

Since the launch of the white paper in 2008, Bitcoin has received unprecedented attention, especially since the first transaction of Bitcoin and its ten million fold increase in ten years, every sharp rise and fall of Bitcoin has become the focus of attention and caused huge controversy.

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.

Blockchain technology is an Internet database technology that is characterized by decentralization, openness and transparency, where everyone can participate in the database records, and it can also be applied in a variety of different fields.