OKX Wallet

List of the table of contents of this article:

• 1,OKX WalletBlockchain Meaning
• 2, easy-to-understand explanation of blockchain
• 3, What is the catalog of the blockchain system
• 4, Blockchain System Composition

Blockchain Meaning

In a narrow sense, blockchain is a combination of data blocks in sequential connection in chronological order. It is a kind of chain data structure, and a non-tamperable and non-falsified distributed ledger guaranteed by cryptography.

In a narrow sense, blockchain is a chain data structure that combines data blocks in a sequential way according to chronological order, and a non-tamperable and non-falsified distributed ledger is guaranteed by cryptographic means.

Blockchain has two meanings: Blockchain is a new application mode of distributed data storage, peer-to-peer transmission, consensus mechanism, encryption algorithm and other computer technologies.The so-called consensus mechanism is a mathematical algorithm that establishes trust and obtains rights and interests between different nodes in the blockchain system.

Blockchain is a new application mode of distributed data storage, peer-to-peer transmission, consensus mechanism, encryption algorithm and other computer technologies. Blockchain is an important concept of Bitcoin.

Blockchain is a term in the field of information technology. In essence, it is a shared database in which the data or information stored has the characteristics of "non-counterfeiting", "marking throughout the whole process", "traceable", "open and transparent", "collective maintenance" and so on.

In a narrow sense, blockchain is a chain data structure that combines data blocks in order and connects them in chronological order, and is a distributed ledger that cannot be tampered with and cannot be counterfeited by cryptography.

Easy-to-understand explanation of blockchain

So what is the popular explanation of blockchain? Basically, this model is a decentralized bookkeeping method.

Simply put, blockchain is a decentralized distributed ledger database.

Blockchain is a new application mode of distributed data storage, peer-to-peer transmission, consensus mechanism, encryption algorithm and other computer technologies.

Blockchain refers to the technical scheme of collectively maintaining a reliable database through decentralization and detrust. There is no central ledger in the blockchain. Everyone has the opportunity to participate in bookkeeping. Everyone is the center, and everyone in the system has a ledger.

Blockchain is the underlying technology of Bitcoin, like a database ledger, which records all transaction records. This technology has also gradually attracted the attention of the banking and financial industries because of its safe and convenient characteristics.

What is the catalog of the blockchain system

Explain from an academic perspective,Blockchain is a new application mode of distributed data storage, peer-to-peer transmission, consensus mechanism, encryption algorithm and other computer technologies. Blockchain is essentially a decentralized database. It first appeared in 1991 and was used by a group of researchers to timestamp digital documents.

Blockchain is a new application model of distributed data storage, peer-to-peer transmission, consensus mechanism, encryption algorithm and other computer technologies. The so-called consensus mechanism is a mathematical algorithm that establishes trust and obtains rights and interests between different nodes in the blockchain system.

Blockchain is a new application mode of distributed data storage, peer-to-peer transmission, consensus mechanism, encryption algorithm and other computer technologies. It is essentially a decentralized database. At the same time, as the underlying technology of Bitcoin, it is a string of data blocks generated by using cryptographic methods.

Generally speaking, the blockchain system consists of a data layer, a network layer, a consensus layer, an incentive layer, a contract layer and an application layer.

Blockchain System Composition

Blockchain System As the underlying technology of Bitcoin, the blockchain system is generally composed of data layer, network layer, consensus layer, incentive layer, contract layer and application layer.

Generally speaking, the blockchain system consists of a data layer, a network layer, a consensus layer, an incentive layer, a contract layer and an application layer.

The components of blockchain are as follows: the general block includes two parts: the block header and the block body. The block header contains the identification information of each block, such as version number, hash value, time stamp, block height and other information; the block body mainly contains specific transaction data.

Generally speaking, the blockchain system consists of a data layer, a network layer, a consensus layer, an incentive layer, a contract layer and an application layer. The so-called blockchain technology, also known as distributed ledger technology, is an Internet database technology characterized by decentralization, openness and transparency, allowing everyone to participate in database records.