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This article shows you what the characteristics of blockchain technology are, the content is concise and easy to understand, it can definitely brighten your eyes. I hope you can get something through the detailed introduction of this article.

In essence, a blockchain is a shared database in which the data or information stored has the characteristics of "unforgeable", "leaving a mark in the whole process", "traceable", "open and transparent", "collective maintenance" and so on. Based on these characteristics, blockchain technology has laid a solid foundation of "trust", created a reliable "cooperation" mechanism, and has a broad application prospect.

Blockchain is a new application mode of computer technology, such as distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and so on. Blockchain, an important concept of Bitcoin, is essentially a decentralized database and, as the underlying technology of Bitcoin, a string of data blocks associated with cryptography. Each data block contains a batch of information about sub-Bitcoin network transactions, which is used to verify the validity of its information (anti-counterfeiting) and generate the next block.

Features:

Decentralization. Blockchain technology does not rely on additional third-party management agencies or hardware facilities, there is no central control, in addition to the self-integrated 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 block chain.

Openness. The technical foundation of blockchain is open source. In addition to the private information of all parties involved in the transaction, the data of blockchain is open to everyone, and anyone can query blockchain data and develop related applications through open interfaces. Therefore, the information of the whole system is highly transparent.

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

Security. As long as you cannot control 51% of all data nodes, you cannot arbitrarily manipulate and modify network data, which makes the blockchain itself relatively safe and avoids subjective and artificial data changes.

Anonymity. Unless there are legal requirements, 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 anonymously.

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