1 thought on “Can the blockchain currency change the name?”
Tami
The development of blockchain technology that can be changed is obvious to the development of blockchain technology, but there are still essential differences between blockchain coins and virtual currency. Support, the issued blockchain tokens still have certain value support; if there is no specific entity and application to support virtual currency, just air coins, without any value, the risk is relatively large. It's entire blockchain system, in addition to cryptocurrency security, there is another part of consensus security. Consensus security is mainly a series of algorithms based on computer encryption. The representative algorithm is the Byzantine algorithm and the longest chain consensus, including various Byzantine variable algorithms developed. The Byzantine series algorithm can obtain the final confirmation block at the current time to avoid forks, but its algorithm complexity is too high when multiple nodes (> 20) participation. The longest chain consensus will ensure that the data of the past nodes is credible by extending the final confirmation time by extending the final confirmation time. Relatively speaking, the degree of data credibility on the chain in the case of sufficient time can converge at 1 according to probability. The disadvantage is that there may be countless bifurcation chains. It can be considered that the longest chain consensus is to reduce the node capacity that requires participation in Byzantine by increasing the time dimension, thereby reducing the communication complexity required for each round of consensus.
The development of blockchain technology that can be changed is obvious to the development of blockchain technology, but there are still essential differences between blockchain coins and virtual currency. Support, the issued blockchain tokens still have certain value support; if there is no specific entity and application to support virtual currency, just air coins, without any value, the risk is relatively large.
It's entire blockchain system, in addition to cryptocurrency security, there is another part of consensus security. Consensus security is mainly a series of algorithms based on computer encryption. The representative algorithm is the Byzantine algorithm and the longest chain consensus, including various Byzantine variable algorithms developed. The Byzantine series algorithm can obtain the final confirmation block at the current time to avoid forks, but its algorithm complexity is too high when multiple nodes (> 20) participation. The longest chain consensus will ensure that the data of the past nodes is credible by extending the final confirmation time by extending the final confirmation time. Relatively speaking, the degree of data credibility on the chain in the case of sufficient time can converge at 1 according to probability. The disadvantage is that there may be countless bifurcation chains. It can be considered that the longest chain consensus is to reduce the node capacity that requires participation in Byzantine by increasing the time dimension, thereby reducing the communication complexity required for each round of consensus.