What is the role of blockchain technology in Tao Tao classroom?

Blockchain is essentially a decentralized distributed ledger database. It uses cryptographic methods such as hash function and asymmetric encryption to ensure that the existing data can not be tampered with, without centralized agent, and makes point-to-point direct interaction, making efficient, large-scale and decentralized information interaction a reality.

However, as a decentralized value delivery system, the role of blockchain can be more than just the production of bitcoin. As a machine for making credit, blockchain has the characteristics of anonymity, decentralization, openness and transparency, its content cannot be tampered with, it is globally networked and its cost is low. Based on the above points, blockchain has a wide range of applications.

With the continuous maturity and gradual improvement of blockchain technology, the blockchain industry has accelerated its application, infiltrated into the non-financial field from digital currency, and integrated with innovations from all walks of life. For example, social management fields such as file management and patent protection, Internet of Things fields such as traceability and anti-counterfeiting, and public welfare fields such as charitable donations make full use of the characteristics of information transparency and tamper resistance in blockchain; Financial services such as transaction settlement and private placement take advantage of the low transaction cost; Socialization, communication, * * * enjoy the lease, while others * * * enjoy the economy and take advantage of the global connectivity.

The application prospect of blockchain is huge, which is mainly divided into the following four categories.

The first category is money. Currency mainly acts as a "medium of exchange" in the field of blockchain assets. At present, in addition to the earliest bitcoin, there are many electronic currencies, such as Big Coin and Ethereum. It has been recognized as a means of trading in some countries, but it is still strongly controlled in China.

The second category, platform class. It refers to the establishment of a technical platform to meet the development of various blockchain applications, which can lower the threshold for the development and application of blockchain. Simply put, developers can issue digital assets directly on the blockchain and write smart contracts.

The third category, the application category. Covering many fields such as finance, games, socialization and intellectual property rights, it is the largest, hottest and fastest-growing project of blockchain technology application. For example, the Tao Tao class is such an application. It fully integrates the characteristics of "decentralization", breaks the oligopoly, establishes its own small ecosystem of content creators to open stores in one minute, and truly realizes seamless docking with fans.

The fourth category is asset tokenization. It refers to the blockchain mapping of physical assets. Simply put, it is to establish a conversion system between electronic currencies such as Ethereum and gold.

Some people say that blockchain can change the world like the Internet. As far as the current environment is concerned, in the words of Wang Le, a hacker of Zhihu Big V blockchain, the blockchain is still in the initial stage of development, and it needs further development in technology and rules. The so-called distrust problem solved by blockchain is also limited to the data of blockchain. If the blockchain wants to connect with the physical business, it is necessary to further promote the establishment of game rules between entities and data.

But it is undeniable that the blockchain is much stronger than we thought. It is worth looking forward to where the combination of blockchain and various industries will take mankind.