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BlockchainBlockchainisatermusedininformationtechnology.Inessence,itisashareddatabase,inwhichthedataorinformationisstored,withsuchcharacteristicsas"non-forgery",”trace",”traceable","openandtransparent"and"collectivemaintenance".Basedonthesecharacteristics,blockchaintechnologyhaslaidasolidfoundationof"trust",createdareliable"cooperation"mechanism,andhasabroadapplicationprospect.blockchainn.区块链forgeryn.伪造,伪造物traceablea.可追踪的,可描绘的transparenta.透明的,显然的A
blockchain,
originally
blockchain,isagrowinglistof
recordscalled
blocks,whicharelinkedusing
cryptography.
Eachblockcontainsa
cryptographichash
ofthepreviousblock,a
timestamp,andtransactiondata(generallyrepresentedasa
Merkletree).Bydesign,ablockchainisresistanttomodificationofthedata.Itis"anopen,distributedledgerthatcanrecordtransactionsbetweentwopartiesefficientlyandinaverifiableandpermanentway".Foruseasa
distributedledger,ablockchainistypicallymanagedbya
peer-to-peer
networkcollectivelyadheringtoa
protocol
forinter-nodecommunicationandvalidatingnewblocks.cryptographyn.密码学,密码hashn.哈希,散列timestampn.时间戳,时间标记resistanta.抵抗的,反抗的modificationn.修改,修正,修饰ledgern.总账,账簿permanenta.永久的,永恒的validatinga.确认的,有效的
Oncerecorded,thedatainanygivenblockcannotbealteredretroactivelywithoutalterationofallsubsequentblocks,whichrequiresconsensusofthenetworkmajority.Althoughblockchainrecordsarenotunalterable,blockchainsmaybeconsidered
securebydesign.retroactivelyad.追溯的,逆动的unalterablea.不变的,不能改变的Blockchainwasinventedbyapersonusingthename
SatoshiNakamoto
in2008toserveasthepublictransaction
ledger
ofthe
cryptocurrency
bitcoin.TheidentityofSatoshiNakamotoisunknown.Theinventionoftheblockchainforbitcoinmadeitthefirstdigitalcurrencytosolvethe
double-spending
problemwithouttheneedofatrustedauthorityorcentral
server.decentralizeda.分散管理的,去中心的consensusn.一致,共识bitcoinn.比特币Thebitcoindesignhasinspiredotherapplications,andblockchainswhicharereadablebythepublicarewidelyusedby
cryptocurrencies.Blockchainisconsideredatypeof
payment.Privateblockchainshavebeenproposedforbusinessuse.Sourcessuchas
Computerworld
calledthemarketingofsuchblockchainswithoutapropersecuritymodel"snakeoil".inspirev.激发,鼓舞cryptocurrency
Thefirstworkonacryptographicallysecuredchainofblockswasdescribedin1991byStuartHaberandW.ScottStornetta.Theywantedtoimplementasystemwheredocumenttimestampscouldnotbetamperedwith.In1992,Bayer,HaberandStornettaincorporated
Merkletrees
tothedesign,whichimproveditsefficiencybyallowingseveraldocumentcertificatestobecollectedintooneblock.Cryptographicallyimplementv.实施,执行tamperv.做手脚,破坏Thefirstblockchainwasconceptualizedbyaperson(orgroupofpeople)knownas
SatoshiNakamoto
in2008.Nakamotoimprovedthedesigninanimportantwayusinga
Hashcash-likemethodtoaddblockstothechainwithoutrequiringthemtobesignedbyatrustedparty.
ThedesignwasimplementedthefollowingyearbyNakamotoasacorecomponentofthecryptocurrency
bitcoin,whereitservesasthepublic
ledger
foralltransactionsonthenetwork.conceptualizev.使概念化ledgern.总账
Currently,therearethreetypesofblockchainnetworks—publicblockchains,privateblockchainsand
consortium
blockchains.Apublicblockchainhasabsolutelynoaccessrestrictions.Anyonewithan
Internet
connectioncansend
transactions
toitaswellasbecomea
validator
(i.e.,participateintheexecutionofa
consensusprotocol).Someofthelargest,mostknownpublicblockchainsarethebitcoinblockchainandtheEthereumblockchain.restrictionn.限制,约束validatorn.验证器,验证程序Aprivateblockchainispermissioned.
Onecannotjoinitunlessinvitedbythenetworkadministrators.Participantandvalidatoraccessisrestricted.Thistypeofblockchainscanbeconsideredamiddle-groundforcompaniesthatareinterestedintheblockchaintechnologyingeneralbutarenotcomfortablewithalevelofcontrolofferedbypublicnetworks.Typically,theyseekto
incorporate
blockchainintotheiraccountingandrecord-keepingprocedureswithoutsacrificingautonomyandrunningtheriskofexposingsensitivedatatothepublicinternet.permissionn.允许,许可participantn.参与者,参加者sacrificev.牺牲,献祭autonomyn.自制,自主权
Aconsortiumblockchainisoftensaidtobesemi-decentralized.It,too,ispermissionedbutinsteadofasingle
organization
controllingit,anumberofcompaniesmighteachoperatea
node
onsuchanetwork.Theadministratorsofaconsortiumchainrestrictusers'readingrightsastheyseefitandonlyallowalimitedsetoftrustednodestoexecuteaconsensusprotocol.consortiumn.财团,联盟executev.实行,执行consensusn.一致,共识Ablockchainisa
decentralized,
distributed
andpublicdigitalledgerthatisusedtorecordtransactionsacrossmanycomputerssothatanyinvolved
record
cannotbealteredretroactively,withoutthealterationofallsubsequentblocks.Thisallowstheparticipantstoverifyandaudittransactionsindependentlyandrelativelyinexpensively.Ablockchaindatabaseismanagedautonomouslyusinga
peer-to-peer
networkandadistributedtimestampingserver.Participantverifyv.核实,查证inexpensivelyad.廉价地,不贵地Theuseofablockchainremovesthecharacteristicofinfinite
reproducibility
fromadigitalasset.Itconfirmsthateachunitofvaluewastransferredonlyonce,solvingthelong-standingproblemof
doublespending11.Ablockchainhasbeendescribedasa
value-exchangeprotocol.
Ablockchaincanmaintain
titlerights
because,whenproperlysetuptodetailtheexchangeagreement,itprovidesarecordthatcompels
offerandacceptance12.infinitea.无限的,无穷的reproducibilityn.再现性,再生性compelv.强迫,迫使Bystoringdataacrossitspeer-to-peernetwork,theblockchaineliminatesanumberofrisksthatcomewithdatabeingheldcentrally.Peer-to-peerblockchainnetworkslackcentralizedpointsofvulnerabilitythat
computercrackers
canexploit;likewise,ithasnocentralpointof
failure.Blockchainsecuritymethodsincludetheuseof
public-keycryptography.
eliminatev.消除,排除vulnerabilityn.易损性,脆弱性crackern.黑客,解密高手exploitv.开发,利用A
publickey
(along,random-lookingstringofnumbers)isanaddressontheblockchain.Valuetokenssentacrossthenetworkarerecordedasbelongingtothataddress.A
privatekey
islikeapasswordthatgivesitsowneraccesstotheirdigitalassets.Datastoredontheblockchainisgenerallyconsideredincorruptible.tokenn.代币,记号,令牌incorruptiblea.清廉的,不能收买的
Openblockchainsaremore
user-friendly
thansometraditionalownershiprecords,which,whileopentothepublic,stillrequirephysicalaccesstoview14.Becauseallearlyblockchainswerepermissionless,controversyhasarisenovertheblockchaindefinition.Anissueinthisongoingdebateiswhetheraprivatesystemwithverifierstaskedandauthorized(permissioned)byacentralauthorityshouldbeconsideredablockchain.
permissionlessn.无需许可verifierProponentsofpermissionedorprivatechainsarguethattheterm"blockchain"maybeappliedtoanydatastructurethatbatchesdataintotime-stampedblocks.Thegreatadvantagetoanopen,permissionless,orpublic,blockchainnetworkisthatguardingagainstbadactorsisnotrequiredandno
accesscontrol
isneeded.Thismeansthatapplicationscanbeaddedtothenetworkwithouttheapprovalortrustofothers,usingtheblockchainasa
ponentn.支持者,建议者batchn.一批,批处理
Blockchaintechnologycanbeintegratedintomultipleareas.Theprimaryuseofblockchainstodayisasa
distributedledger
for
cryptocurrencies,mostnotably
bitcoin.Mostcryptocurrenciesuseblockchaintechnologytorecordtransactions.Forexample,the
bitcoinnetwork
and
Ethereum
networkarebothbasedonblockchain.
Blockchain-based
smartcontracts
areproposedcontractsthatcouldbepartiallyorfullyexecutedorenforcedwithouthumaninteraction.
Oneofthemainobjectivesofasmartcontractis
automated
escrow.An
IMF
staffdiscussionreportedthatsmartcontractsbasedonblockchaintechnologymightreduce
moralhazards
andoptimizetheuseofcontractsingenera
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