Is blockchain a scam?

The reason why the word blockchain was mentioned first is because after Bitcoin came into people’s sight, with the fermentation of Bitcoin craze and the proliferation of topics, blockchain became a topic familiar to the general public. Once upon a time It has become a greeting among entrepreneurs (Are you working on blockchain? Is your entrepreneurial project related to blockchain? etc.) The application of blockchain in the market is now very crowded, and ordinary people are almost stuck in the stage of speculation about its concept. .What is Blockchain? Is blockchain a lie?

From a global perspective, it is not only our listed companies, shareholders, everyone in the currency circle and investors who are fascinated. In 2016, Citibank, BBVA, JPMorgan Chase, Morgan Stanley, Swiss Bank of China and other leading financial institutions have jointly established the R3CEV Alliance (Goldman Sachs Group has now separated from the R3CEV Blockchain Alliance). Therefore, from this perspective, blockchain technology has been applied to a certain extent around the world, and at this level Blockchain is a new invention, no lie. Many readers are curious why many people now hear that blockchain (digital currency) is like a scam. Buffett said: Stay away from Bitcoin, it is just an illusion. In my opinion, there are many The idea of ????big intrinsic value is a joke.

The author believes that there are no correct mistakes in technical books, but the mistakes that the users think are correct. Many people envy the currency circle (application of blockchain) to make a fortune overnight, but Forget about returning to poverty overnight (its multiple currency operation methods are the same as those of the silver spot stamp card, etc. at the time). This should be people’s most intuitive concept of the blockchain.

What is the blockchain? Is blockchain a lie?

The definition of encyclopedia blockchain is a new application model of computer technology such as distributed data storage, point-to-point transmission, authentication mechanism, encryption algorithm. The authentication mechanism is in the block chain system A mathematical algorithm to establish trust and obtain rights and interests between different nodes.