What is B-chain (what are the symptoms of B-chain)

What is a b-chain and what is a b-chain? What is Blockchain blockChain (BNB)? Blockchain is a distributed network. On traditional internet platforms, users can directly purchase and sell digital currency through smart contracts, without the need for any intermediary institutions to complete transactions and records. However, currently, most business scenarios for financial products or services have not achieved this goal, and even some industry applications have not achieved this goal So, ‘blockchain blockchain’ is a project that provides the underlying infrastructure for blockchain. It mainly consists of two parts: one is consensus algorithm, and the other is supported by public cloud service providers, both of which are aimed at making blockchain operation more secure and efficient

For Bitcoin, its design idea is a “zero knowledge” Cryptography technology based on the Proof of work mechanism. Its characteristic is that it can ensure the security of data and effectively verify transactions; At the same time, it also has the characteristic of being tamperproof Therefore, we usually refer to Bitcoin as a type of encrypted asset. Because it is a completely transparent, auditable Electronic cash system without a central control node, and Bitcoin itself is not a source of Passive income, but a means of storing value. The essence of Bitcoin is a protocol form for peer-to-peer payment systems. It concentrates all these costs on computing resources and uses a hash function to determine the entire process Due to the emergence of blockchain technology, people’s cognitive style and participation threshold have changed, making it no longer necessary for people to trust third-party companies. For example, Alipay and WeChat belong to such a model, but what about other applications? It is this business logic that cannot be satisfied Of course, many enterprises are also trying to use this concept to build blockchain systems, hoping to solve many of the current problems in blockchain. The most typical example is that technology giants such as Google, Microsoft and Amazon have begun to develop new functions based on Ethereum network. With the development of the Internet of Things, more and more traditional industries will adopt blockchain solutions to reduce productivity in the future. For example, large banks like IBM are attempting to create a brand new and versatile blockchain ecosystem to help more people understand more information and improve efficiency

What are the symptoms of blockchain?

What are the symptoms of blockchain? There are many phenomena of information being tampered with on the chain. After the emergence of Bitcoin, many blocks appeared, but only these transactions have value and use scenarios, which led to a large number of unsolved problems in the network and could not be solved, thus causing people to worry about Cryptocurrency and related technologies and ecosystems. And when we talk about Bitcoin, what do we mention? Is Bitcoin digital gold or a way to replace legal cash or bank deposits? It is a type of data stored and transmitted based on computer systems Currently, there are many virtual currency forms represented by Bitcoin in the market, but in reality, they are not such an asset type, and this token form cannot be used as a payment method for daily settlement. If Bitcoin is a decentralized Electronic cash protocol, it is a digital bill system, a smart contract system, and even a network with immutability and traceability similar to Internet applications In addition, due to the characteristics of blockchain technology, many nodes generate new blocks through mining. In order to make its operation more stable, some consensus mechanisms have also been formed. Over time, these algorithms will continue to be upgraded, iterated, and refined, gradually moving towards a higher level of standardization. For example, the Bitcoin community believes that this protocol can maintain sufficient security without any security vulnerabilities; Another person expressed that the project will continue to develop; Finally, some people pointed out other issues, such as the impact of Bitcoin forking and how Bitcoin ensures its security.