The evolution of cloud computing 2.0? Blockchain differentiation processing capability, global decentralization boom

Experts in the field of cryptography have given expert advice on blockchain technology and ICO, and they also cover the applicability of virtual currency in different aspects of taxation, regulation and economics. Among them, according to Lei Feng.com (Public No.: Lei Feng.com) AI Financial Review, the comparison between blockchain technology and cloud is particularly prominent. According to the opinion, as the 2.0 evolution version of cloud computing, the blockchain will be able to serve the vertical fields of the market. Provide solutions that greatly enhance system performance and security by decentralizing computing power on a global scale.

Cloud computing innovation has created an ecosystem worth nearly a trillion dollars. But this is only the first step. The blockchain is the breakthrough in logically the next generation of computer science iterations.

Cloud computing is the first step in the evacuation from centralization. On top of that, companies need to store files and provide processing power for applications with sufficient network bandwidth guarantees to meet the needs of day-to-day computing. But in any case, the server room still needs maintenance, and it requires constant security, proper configuration, and regular updates. By moving servers to the cloud, companies can expand their reach and get rid of hardware imprisonment.

Today, companies can actually work anywhere and hire remote employees. Computing and smartphones have become a convenient bridge to centralization.

Decentralization of labor on the cloud

And now, the blockchain is introducing the second iteration of the computing architecture. Through a distributed ledger system, blockchain creates a secure, non-tamperable and democratic computing network. This will enable programs and Web services to be compromised, and will result in a more transparent network environment and greater system reliability.

Blockchain decentralized computing architecture

The blockchain uses mining mechanisms to solve mathematical problems to provide a consensus mechanism. The mining participants exchange their computing power for the blockchain network in exchange for the reward of the virtual cryptocurrency. In general, they network over the blockchain and validate the generated blocks. Each group of miners forms a node system for storing and processing data in the network. Miners have calculators around the world that can allocate processing power to:

• Keep a complete copy of the blockchain

• Verify and process transactions

• Run the app/smart contract

As one of the most well-known blockchain platforms, Ethereum allows developers to access the blockchain through the Ethereum Virtual Machine (EVM). EVM builds decentralized applications, or Dapps, by providing development tools. These applications enable blockchains to host their backend processes.

Dapps are not applications that run on a single server. They are split into pieces and run synchronously just like a seed file. Each computer runs a large amount of redundant fragments of a program at the same time, rather than a single computer to control the back end of the entire application, so there is little chance of being attacked by a single hacker or making mistakes in the blockchain.

Unlike cloud computing, decentralized blockchains. Cloud applications typically carry redundancy on several nodes, while thousands of nodes on the Ethereum network work. The cloud has freed the server from a fixed enterprise campus, and the blockchain continues to differentiate its processing power and spread it around the world.

The blockchain takes advantage of the potential of the entire Internet to shatter its view that virtual cryptocurrencies do not carry any value, breaking the view that it is a new guise of the tech bubble. In fact, as a smarter and more secure system, virtual cryptocurrencies increase the speed at which Internet technologies and applications fall. With the blockchain, we were able to create a non-mandatory network, an Internet/Cloud 2.0 that improves network security and advances in computer science, artificial intelligence, the Internet of Things, and record registration. This is a trillion-dollar solution that applies to all vertical divisions of the market, and we are just getting started.