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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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