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."

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.

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.

Founded in 2016 and headquartered in Australia, energy trading technology company Powerledger aims to improve the efficiency of the energy market and enable peer-to-peer energy trading using blockchain's technology to track, trace and trade energy, with the technology now available in 12 countries.

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.

Although a variety of cryptographic assets focus more directly on privacy through technology, there are still many possible ways to increase the privacy of Bitcoin, including point-to-point transactions. In the field of encryption, some familiar privacy assets include Monero (XMR), Zcash (ZEC), Verge (XVG), Beam and Grin. Dash is also on the list because it allows for increased anonymity, although the currency is not technically classified as a private asset.

It is reported that at present, many people compare cash and bitcoin. After all, although they understand that they are different virtual currencies, they still can not break the relationship between them.

When blockchain projects show that their technology can provide something that the traditional Internet does not have, large investors will participate.

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.