Welcome to sponsor the server node of EarthCoin Africa
Earthcoins, global village, earth people, EarthCoin Global (International) Volunteer Volunteer At present, the EarthCoin node is established voluntarily, and there are no rewards. Volunteers and friends have established it!
The origin of all things is the earth, and the cornerstone of the earthcoin is the node! Special thanks to the volunteer friends who have provided the coin of the Earth coin:Https://chainz.cryptoid.info/eac/#!network Welcome message thread Posting node IP https://aws.amazon.com/
“The blockchain is a shared distributed database technology. Its advantages are mainly manifested in the three aspects of distributed decentralization, trustless systems, and non-destructive and cryptographic security.”
First, the meaning of blockchain technology
The BlockChain technology is a technology that uses a decentralized consensus mechanism to maintain a complete, distributed, non-maligable database of accounts. It allows participants in the blockchain to establish trust without having to establish a trust relationship. Under the premise of achieving a unified ledger system. Blocks are public accounts, multi-point maintenance; chains are time stamped (Timestamps) and cannot be forged. The blockchain is essentially a technology that focuses on security and credibility over efficiency.
At present, all systems have a database behind them, which is a large book. Then it becomes very important for anyone to remember this book. Whose system is now responsible for accounting, the bank’s account is the bank in mind, Alipay’s account is Ali in mind. But now in the blockchain system, everyone in the system has the opportunity to participate in billing. If there is a change in new transaction data within a certain period of time, everyone in the system can make an accounting. The system will evaluate the fastest and best person during this period, write the contents of the record to the account, and The contents of the booklet will be sent to all other people in the system for backup during this period of time. Everyone in this system has a complete book.
Therefore, these data will become very safe. The tamperer needs to modify more than half of the system node data at the same time to truly tamper with the data. The cost of this tampering is so high that it is almost impossible. For example, Bitcoin has been operating for more than seven years, and numerous hackers around the world have attempted to attack Bitcoin. However, there have been no transaction errors so far, and the Bitcoin blockchain can be considered to be a safe and reliable system. Therefore, it can be argued that blockchain technology is a way for all citizens to participate in accounting, and it will bring about innovations in accounting methods.
Second, the technical advantages of blockchain
1, distributed decentralization
Since every node and miner in the blockchain must follow the same bookkeeping transaction rules, and this rule is based on cryptographic algorithms rather than credit, and each transaction requires the approval of other users in the network, the decentralized trading system is not A set of third-party intermediary structures or trust institutions are required to endorse.
At present, regardless of whether the traditional trading system or the third-party trading system is based on the system of central books, the central book plays the role of an information custodian. Each transaction requires the third party intermediary or trust institution to endorse it. It is a centralized trading network.
2, no need to trust the system
In the blockchain network, through the self-restraint of the algorithm, the behavior of any malicious spoofing system will be rejected and suppressed by other nodes. Therefore, the blockchain system does not rely on central authority support and credit endorsement.
In the traditional credit endorsement network system, participants need to have sufficient trust in the central organization. As the number of participants in the network increases, the security of the system decreases. Contrary to the traditional situation, in a blockchain network, participants do not need to trust anyone, but as the number of participating nodes increases, the security of the system increases, and the data content can be fully disclosed.
3, can not be tampered with encryption security
The blockchain adopts a one-way hash algorithm, and each newly generated block advances strictly in time-linear order. The irreversibility of time causes any behavior that attempts to invade and alter the data information in the blockchain to be easily traced, resulting in being easily traced. The exclusion of other nodes can thus limit related illegal activities.
EarthCoin is an old currency in 2013 and it fully meets the above advantages!