Why Control Blockchain (Why Should Blockchain Go to the Exchange)

Why control blockchain? Editor’s Note: This article is from the Blockchain Camp (ID: blockchain_camp), Author: NickChong, authorized publication of the StarDaily.

Blockchain technology is one of the most influential emerging technologies in the world today. Its development speed and breadth far exceed any other industry due to its characteristics of decentralization, scalability, and immutability, making it a highly popular technology. It can not only be used as a medium of value exchange for transactions but also be used in many financial activities such as loan businesses.

However, without a powerful consensus algorithm or security protocol to manage the use of distributed ledger technology, true transparency and trust-minimized systems cannot be achieved, and this is precisely what blockchain can provide.

In order to enable users to participate in the smart contract ecosystem and gain profits, we need to consider some key issues, including: 1. How to make decisions on the smart contract network? 2. Are the operations on the chain legal? 3. Degree of interaction and mode of interaction with the external environment, and other issues; 4. Risks and impacts of blockchain application scenarios; 5. Impacts on different node operators. Why should we control the Ethereum blockchain? Let’s take a look at a few interesting questions first. 1. By storing the code in a separate data block, the data cannot be tampered with. For blockchain, this type of information is susceptible to malicious software exploits because attackers have highly concentrated computing resources and it is difficult to identify errors or fraudulent behavior. On the other hand, although developers can verify an address by building their own client and uploading it to a local node, in most cases, this would prevent a large number of miners from accessing block space and ultimately disrupt the network’s ability. 2. How to create new blocks? Forks may occur over time. However, even the smallest blockchain can do this because they have different features such as scalability, performance, security, etc. However, despite these designs being able to greatly change the functionality of the blockchain, there are still some challenges that are worth noting, including: blockchain itself is not suitable for all purposes, such as payment processors, wallet service providers, and exchanges. 3. Blockchain networks are not suitable for use as currency or commodities and are also difficult to support various uses, especially cross-border settlements. 4. “Bitcoin” is a good example, but it also has two other drawbacks: one is the lack of sufficient capacity to ensure the security of transactions, two is “blockchain is not perfect”. Third, it is an alternative to existing computer systems: blockchain provides a better solution to this problem.

Why Should Blockchain Go to the Exchange

According to “Finance” reports, the birth of exchanges began in May of this year. Why should blockchain go to the exchange? We know that the top three domestic trading platforms, such as Binance and OKex, have launched their own digital currency futures contract markets, but currently there are no products or services being traded on them. So most people now believe that if the crypto scene doesn’t have a good exchange to go public, then someone will say, “Look at those projects that have been regulated and popular, they all came out with real money.”