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Blockchain enters a new era. Which encrypted digital currencies are worth looking forward to?

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  • Time of issue:2021-06-11 17:37
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(Summary description)With the implementation of the central bank's digital currency in 2019, a new era of blockchain will be opened, which contains huge opportunities and business opportunities.

Blockchain enters a new era. Which encrypted digital currencies are worth looking forward to?

(Summary description)With the implementation of the central bank's digital currency in 2019, a new era of blockchain will be opened, which contains huge opportunities and business opportunities.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2021-06-11 17:37
  • Views:
Information

With the implementation of the central bank's digital currency in 2019, a new era of blockchain will be opened, which contains huge opportunities and business opportunities.

区块链进入新时代 那些加密数字货币值得期待?

The issued corporate currency can be used in various fields of commercial insurance, equity financing, and commerce to eliminate counterfeit products and establish a new trust mechanism.

Blockchain is a hot topic widely discussed in the field of financial technology today. It is the fifth subversive innovation of the computing paradigm after mainframes, personal computers, the Internet, and the mobile Internet. In recent years, the attention and research on this technology has shown an explosive growth trend. Blockchain is expected to completely reshape the form of human social activities like the Internet, and realize the transformation from the current information Internet to the value Internet.

Blockchain has almost become the hottest Internet vocabulary in the past two years. Many Internet giants are also looking at the development and application of blockchain technology, but there may not be too many people who really understand it. The most popular applications are Bitcoin and Bitcoin mining. Obviously, there is a close relationship between them.

区块链进入新时代 那些加密数字货币值得期待?

Understanding "decentralization" means understanding blockchain, and blockchain technology is to practice the concept of "decentralization". The Bitcoin system can be said to be an excellent demonstration project of the concept of blockchain decentralization.

The blockchain is built on blocks, which are represented by a unique password hash and are permanently recorded on the blockchain. These pieces of information are strung together to form a blockchain and carry a set of system updates that encode the state. The blockchain uses a consensus protocol to determine how to expand its ledger. This includes the parties who can update/extend the blockchain and how to choose.

The blocks in Filecoin are sorted by EPOCH. Each new block refers to at least one block (parent) generated in the previous EPOOCH. The hint set consists of valid blocks that have the same parent and are mined in the same EPOCH.

Like Ethereum, this system incentivizes collaboration and generally increases chain throughput by ensuring that no work is wasted. In addition, since it is strictly required that all its blocks have the same parent and are mined at the same height, in the case of a fork, the chain can achieve rapid convergence.

In the end, Filecoin weighs the blocks that provide more storage functions, because its core is the storage network. Over time, miners will gather on the heaviest chains, and those chains are creating value. The lighter chain becomes an isolated block.

区块链进入新时代 那些加密数字货币值得期待?

The goal of Filecoin is to bring a distributed data storage model to people all over the world. The Filecoin reputation system functions as an infrastructure layer and can be integrated into other projects and applications. To this end, it will be provided through a public API and web application to facilitate use and allow other application developers to integrate it into their projects.

In this way, the Filecoin network will promote the emergence of a truly decentralized economy, which can be more open, transparent and convenient than previous systems. According to these goals, Filecoin's reputation system is designed to be as fair, efficient and decentralized as possible. To this end, its design will be based on four key principles: trustworthiness, flexibility, customization and transparency.

Filecoin's reputation system will be the key to the sustainable development of the ecosystem. We encourage interested parties to establish different systems and develop trust between parties in a decentralized manner, with the goal of improving the overall quality of the Filecoin market. Through a strong, transparent, and credible reputation system, Filecoin can bring distributed storage and the ever-evolving decentralized economy to more people.

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