cheap wholesale jewelry thailand MORSE Information: How to operate digital currency transactions

hand stamped jewelry supplies wholesale To understand how digital currency operates, you must first understand how digital currency comes, and why we need digital currency. I hope to help you help you.
What is the blockchain?
Blockchain () refers to the technical solution that collectively maintains a reliable database in a way to pass decentralization and trust.
Moly speaking, blockchain technology refers to a way for the whole people to participate in accounting. There is a database behind all systems. You can think of the database as a big ledger. Then whoever remembers this book becomes important.
So what is our current bookkeeping method different from the blockchain?
For example, for the Internet giant company, WeChat's ledger is Tencent's record, Taobao's ledger is Ali Ji.
but in the blockchain system, everyone in the system can have the opportunity to participate in the bookkeeping. If there are any data changes in a certain period of time, everyone in the system can come to account for bookkeeping. The system will judge the fastest and best person in this period of time. During a period of time, the contents of the ledger were sent to all others in the system to back up. Everyone in this system has a complete ledger. In this way, we call it blockchain technology.
If the blockchain will be eliminated by the times?
Although the blockchain is hot, for ordinary people, you don't need to panic to master this technology. It has nothing to do with us. After the development of the blockchain, we only need to use related applications. Just like we don't need to know what the TCP/IP protocol is the bottom of the Internet, as long as we enjoy the services provided by the Internet. Blockchain is more similar to the underlying technology such as TCP/IP, and it will expand to more and more industries in the future.
How to apply the blockchain?
The most important thing about blockchain is to solve the problem of intermediary credit. In the past, it is difficult for two people who do not know and trust each other to achieve cooperation, and they must rely on third parties. For example, in the past, any kind of transfer must have institutions such as banks or Alipay.
So blockchain can subvert many industries, so that these industries do not need intermediary participation, process efficient and transparent, low cost, and highly safe data. So if there are any industries in these three aspects, there are opportunities to use blockchain technology.
What is Bitcoin? Is Bitcoin the blockchain?
Blockchain technology is the underlying technology of Bitcoin. Through blockchain technology, Bitcoin is the first time that human beings have completed the transfer behavior that both parties can trust each other without any intermediary participation. And this system has been operating autonomous and very stable for many years, and has not had any problems.
So many people noticed that the underlying technology may have a large mechanism, but it can not only be used in Bitcoin, but may be able to apply this technology in many fields. So the bitcoin technology was abstracted as blockchain technology, or distributed ledger technology. Therefore, from a certain perspective, Bitcoin can be regarded as the first application of the blockchain, and the blockchain is more similar to the underlying technology such as TCP/IP, which will expand to more and more industries in the future.
What is "mining"?
The mining is a narrow sense of "mining" in Bitcoin. The operation of Bitcoin uses a mechanism called "Proof of Work (POW)". With more powerful computing capabilities, a math problem will be published at a time. Only the computer that solves this problem as soon as possible can the bookkeeper be performed. The computing opportunity to grab the bookkeeping rights gets 25 Bitcoin rewards. This behavior is usually called "mining", and the obtained bitcoin is regarded as a reward for successful mining.
In broad, it is a process of bookkeeping rewards. Any industry or digital currency can be used.
What is a smart contract?
Sminton contract is a contract that replaces legal language with computer language to record the terms. Smart contracts can be automatically executed by a computing system. If the blockchain is a database, smart contracts are the application layer that can be applied to the reality in reality. In the traditional sense, the contract is generally not directly connected to the computer code that executes the content of the contract. Paper contracts are archived in most cases, and the software will execute the contract terms written in the form of computer code. The potential benefits of smart contracts include reducing the cost of signing contracting, execution, and supervision; therefore, for many contracts related to low -value transactions, this is a great reduction in labor costs.
: How to use smart contracts?
If the central bank can issue fiat currency through the blockchain, then the code can also be embedded in the issuance of fiat currency through smart contract technology, then this part of the fiat currency can be called "programmable currency". For example, if the central bank designated a part of the funds to be issued to agricultural -related accounts, then you can write the corresponding procedures for this part of the funds, and the specified part of the funds can only enter the agricultural -related account, then this part of the funds will undergo any circumstances under any circumstances It is not possible to be misappropriated into other accounts. If most currencies have become "programmable currencies", then we can imagine that the financial environment of them becomes "programmable finance".
What is digital currency?
D digital currency refers to digitalization of currency. Digital currency is divided into two types of non-currency (ie, digital gold currencies, such as E-Gold, and the company issued by the company, such as XRP) and currency (that is, Bitcoin Bitcoin currency).
D digital currency is often mistaken for virtual currency. But virtual currency refers to non -real currency, such as playing "Three Kingdoms" (game) or "Big Navigation" in you, you have money, those money is virtual. Of course, those virtual money will also have its true value. For example, if you buy her/his account from other players, you can get all the virtual assets of that player, and then it will be much easier to continue playing.
does the blockchain project must have some currency?
Answer: No. Bitcoin itself is a payment system, so it needs a tool for value measuring, so Bitcoin must appear. In addition, in order to reward more people to contribute to their computers to provide computing for the system, Bitcoin needs to be rewarded. In some private chain systems, special assets can be designed for transactions, and each node must participate