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What this article shares with you is about what are the main features of blockchain technology. The editor thinks it is very practical, so share it with you as a reference and follow the editor to have a look.

The main characteristics of blockchain technology are: 1, decentralization; 2, openness; 3, independence; 4, security; 5, anonymity. In essence, blockchain is a shared database, in which the data or information stored has the characteristics of non-forgery, leaving traces in the whole process, transparency and collective maintenance.

Characteristics of blockchain technology:

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.

What is a blockchain?

Blockchain is a term in the field of information technology. In essence, it is a shared database, and the data or information stored in it has the characteristics of "not to forge", "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.

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