Blockchain Primer Basics

Blockchain Concepts:

Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism and encryption algorithm. The
so-called consensus mechanism is a mathematical algorithm for establishing trust and acquiring equity among different nodes in a blockchain system.

Characteristics:

1, de-centrality
2, openness
3, Autonomy
4, information non-tamper
5, anonymity

Distributed data Storage consensus mechanism

Definition:    because of the high network latency under the point-to-point network, the sequence of transactions observed by each node cannot be exactly the same. Therefore, blockchain systems need to devise a mechanism to agree on the sequencing of transactions that occur in almost the time. This algorithm for agreeing on the sequence of transactions within a time window is called a "consensus mechanism".
The dbft mechanism of 1,pow 2,pos 3,dbft small ant is suitable for financial scene

Point-to-point transmission Encryption Algorithm

Blockchain + various industries, so that the system generated trust becomes more reliable than the "centralized intermediary" generated trust, which leads to the "non-intermediary" trust the arrival of the world, "machine-generated trust" has become a driving the world's important way forward. This change is very far-reaching for human society. Together with AI and big data, it has become an important source of change in human life and work.

Blockchain and Finance

Http://www.8btc.com/blockchain-value
1. First, blockchain is a more efficient value exchange technology appearing under the Internet.
Https://sanwen8.cn/p/25bwoo6.html

Celebrity interpretation:
Mr. Xiaofeng, Chairman of the Summit and the founder of the Wanxiang Blockchain Laboratory, said:
Blockchain technology announces the value of Internet from transmitting information to Internet to transfer value Internet Evolution data

The China blockchain white paper

On the bitcoin blockchain technology from the Byzantine general question,
The technology's contribution to the world may be greater than the digital currency itself:
http://www.cy598.net/BBS/thread-747-1-1.html Practice

Ubuntu System Building Ethereum development platform process:
http://blog.csdn.net/u013137970/article/details/52255001

Ethereum Local private chain development environment build:
Http://ethfans.org/posts/ethereum-private-network-bootstrap