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How to understand P2P in blockchain?
Everyone must be familiar with the concept of P2P, and the first reaction is peer-to-peer lending. In fact, P2P refers to peer-to-peer networks in the blockchain world.

The concept of peer-to-peer network was put forward after the financial crisis in 2008. One or several people published a paper named "Bitcoin White Paper: A Peer-to-Peer Electronic Cash System" on the Internet under the pseudonym of Satoshi Nakamoto, and a large wave of technical geeks were attracted together. They constantly improved the bitcoin system and finally discovered the blockchain.

Satoshi Nakamoto said in the paper: In the P2P electronic cash payment system, the third party is worthless.

This is my understanding of decentralization.

We are not sure about their ultimate goal, maybe it is to change the world and the future? However, this kind of technological invention really stands on the opposite side of traditional centralized control.

How to understand this peer-to-peer network?

What impact will they have on traditional industries?

Take the previous p2p thunderstorm as an example.

20 18, since June, may be the most severe period of p2p market. There are about five platforms thundering every day, and many investors in thundering platforms are either anxious or on the road to safeguarding rights. A search on the internet will be miserable.

Let's think back now, what did we need to do when we were optimistic about a platform and prepared to invest? Suppose it's not a money plate.

Register, bind bank card, real name of ID card, recharge. At this time, all your money is deposited on the platform, and then the platform lends the money to the borrower who docked in advance and verified his identity. If you invest for one month, you can choose to get the principal back at the end of each month and charge the interest for that month, or you can continue to bid inside without taking it out.

Give another closely related example.

When we usually buy on Taobao, we first need to tie the card to recharge the payment and call Alipay. After confirming the receipt, Alipay will call your money to the merchant. This transaction has been completed.

Analysis of the above two examples will reveal that. Before we invest or trade, our personal privacy information must be disclosed to the third party first. You are optimistic about the platform you choose later, and Ali makes a credit endorsement.

At the moment of the transaction, subconsciously, we have regarded the platform and Ali as a platform to absolutely guarantee that our personal information will not be leaked and the funds will be safe.

At this time, the basis of our transaction is based on trust.

Ali's strong public influence, let's just say that it is more difficult to run away than p2p, and it is more difficult to infringe on its reputation. But suppose, I mean suppose, the data and huge assets kept by our giants were hacked. If such a huge amount of data is leaked, it is certain that we risk losing ourselves and it is completely out of our control.

Needless to say, the information released by the enterprise is untrue, or the borrower's own information has not been strictly verified by the enterprise, which puts layers of shackles on the information that should be honestly disclosed to investors, so the risk is needless to say.

Therefore, let's understand Satoshi Nakamoto's statement that the third party is worthless in the peer-to-peer electronic cash payment system.

Peer-to-peer (p2p) in blockchain is decentralized or weakly centralized, which weakens the concept of intermediate nodes that hold most data in traditional industries and makes all nodes in a blockchain network functionally equal. Each node can provide services for other nodes, and can also use other nodes to provide services for itself.

When this behavior happens, the whole network automatically broadcasts the backup, which is recorded in the account book. Everyone will know there is such a thing. If a person wants to breach the contract, he must change more than half of the books in the network. The cost is huge, and it is impossible to default, which ensures the security of blockchain system data.

The decentralized, safe, transparent, efficient and low-cost characteristics of blockchain will make its application range very wide, but the underlying technology and infrastructure of blockchain are still immature. Now the blockchain industry in China is in the early stage of development, and there are many traps. Therefore, our attention should not only focus on the currency price and market, but also pay more attention to the real blockchain technology.

In the case of insufficient ability, we must stay away from inciting and inducing investment behavior, and would rather miss it than be hot-headed and take risks.

Original link:/article/490959733117816832.