In addition to the economics of calculations, outsourcing calculations usually require protection of the privacy of input data and output calculation results, that is, Party B must complete the caBitcoin mining chrome extensionlculation tasks without knowing what Party A is going to do. The traditional cryptographic solution for outsourcing computing privacy is to use secure multi-party computing or fully homomorphic encryption computing. The disadvantage of the former is that it requires interaction between participants, which is not suitable for blockchain scenarios. The main disadvantage of the latter is its efficiency. low.
Third, the people have insufficient confidence in banks. Although what the user withdraws from the bank account is the "cash" issued by the national government, and is no longer the "banknote" issued by the bank, but in essence, the user's money in the bank account is the same as the "banknote". For the bank’s "vouchers of credit", the bank uses its own credit as a guarantee for repayment. If the bank goes bankrupt, the value of the user’s credit will greatly depreciate or even be cleared. Only later with the establishment of central bank systems in various countries, the bankruptcy risk of commercial banks backed by central banks was greatly reduced.
According to news on May 18, according to btc.com data, as of press time, a mining pool named lubian.com currently has a Bitcoin hashrate of 6,930.85 PH/s, and is currently ranked 5th in hashrate. , Bitcoin computing power has surpassed Huobi Mining Pool, Binance Mining Pool, SlushPool and other mining pools. According to the official website, the mining pool is known as the safest high-yield mining pool in the world. At the same time, Bitcoin recently produced a large number of blocks with Unknown or is the main body of the mining pool.
Of course, the increase in network speed alone does not mean that mobile phones can be used as full nodes similar to Bitcoin. After all, mobile phones are still completely incapable of computing and storage requirements. However, some new blockchain projects, especially those focusing on the Internet of Things, are likely to establish a blockchain based entirely on mobile. Use smart phones or IoT devices to build a large-scale decentralized consensus mechanism.
During the early hours of November 15th, the price of Bitcoin began to fall sharply, from $6,200 to about $5,830, and then continued to fluctuate. At 22:45, it fell to a minimum of $5,400 and then rebounded. After the hard fork, Bitcoin was quoted at US$5,668, a 25% drop in 24 hours.
The team is responsible for maintaining ClassicGeth, the main client oBitcoin mining chrome extensionf ETC. They also initiated a series of projects. For example, Emerald is used to help developers develop on the ETC blockchain, Emerald wallet is for end users, and SputnikVM is a stand-alone, embeddable virtual machine that can realize IoT functions. .
The current smart contract is still written in one shard as much as possible, and cross-shard communication is still quite troublesome. We are currently rewriting the Ethereum virtual machine EVM. After rewriting, the EVM will be replaced by the new virtual machine eWASM. One idea is that we let different shards have their own different execution implementations, so that the shards are not executed on the chain and only provide data that can be executed on the virtual machine, which will be more efficient.
With reference to the Nasdaq and crude oil markets, mature Bitcoin is gaining an advantage. BloombergIntelligence believes that the new crown virus is making Bitcoin more and more mature, especially comparing the Nasdaq and crude oil markets, which will further support the appreciation of Bitcoin prices. The traditional stock market and oil, the most important commodity in the world, have both recorded historical declines, while the price of Bitcoin rebounded rapidly after bottoming out, indicating that the foundation of Bitcoin's price is very strong.