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This article mainly introduces "what is the core concept in the block chain". In the daily operation, I believe that many people have doubts about what the core concept in the block chain is. The editor consulted all kinds of materials and sorted out a simple and useful method of operation. I hope it will be helpful for you to answer the doubt of "what is the core concept in the block chain"! Next, please follow the editor to study!

Intelligent contract

In order to support consistent updates of information-and to enable all account book functions (transactions, queries, etc.)-the blockchain network uses * * smart contracts * * to provide controlled access to account books.

Smart contracts are not only a key mechanism to encapsulate information and keep it simple on the network, but they can also be written to allow participants to automatically execute specific aspects of transactions.

For example, an intelligent contract can be written to specify the transportation cost of the goods, where the freight varies according to the speed at which the goods arrive. According to the terms agreed by both parties and written in the account book, the corresponding funds will automatically change hands when the goods are received.

Consensus

The process of keeping account transactions synchronized throughout the network is called consensus, which ensures that the books are updated only when the transactions are approved by the appropriate participants, and when the books are indeed updated, they are updated in the same transaction order.

At this point, the study of "what is the core concept in the blockchain" is over. I hope to be able to solve your doubts. The collocation of theory and practice can better help you learn, go and try it! If you want to continue to learn more related knowledge, please continue to follow the website, the editor will continue to work hard to bring you more practical articles!

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