What is Uncle Block

08/05/2023 14:49 • Blockchain Buzz • 98 views

What is a tertiary block and what is a tertiary block? How is it achieved

The blockchain protocol has rich application scenarios in consensus algorithms, smart contracts and Cryptography. However, as more and more people participate in the network, the demand for nodes is increasing, and as node roles, we also face some challenges Firstly, we need to know what is called “uncle block” or “main chain”. Why do we use public chain Due to the high flexibility and decentralization of public chain, it allows developers to quickly and efficiently deploy their public chain projects and automatically run them through smart contracts, making it more convenient and efficient for users to create their own private chain projects

In order to solve this problem, we have adopted proof of equity (PoS) technology in Bitcoin, but in fact, there is no value support for this technology: a system based on Proof of work has been built on Ethereum. The essence of this system is an open and transparent data storage layer that anyone can join. Therefore, if you want to obtain a larger network capacity than Bitcoin, you must provide more functions, such as supporting DApp. This way, there is no need to increase the number of new transactions, and instead, the original account balance can be directly compared with the accounts of other users Secondly, when a miner starts contributing computing power to the entire network, a large number of reward tokens will be generated for them; The reverse is also true – every time a block is excavated, a tip will be received. Since these benefits are earned by nodes, there is no incentive mechanism to continuously maintain the operation of nodes Finally, we should also note that for ordinary users, ‘large’ does not necessarily mean ‘slow’. That is to say, in some cases, your money won’t be spent on this place all the time. ‘Shao’ simply means that you have mastered some resources. Moreover, ‘old’ is not really big This is called community governance. From Figure 1, it can be seen that many people are discussing Bitcoin’s distributed ledger architecture and the logic behind it, and even believe that Bitcoin will become a new economic system, just like most companies on the Internet, as long as data is placed on shared platforms, they can receive certain returns. Then you want to know about the “smart wallet address” (such as WeChat friends or Alipay). You may find that everyone’s digital assets are held by one person. The Bitcoin he represents is not personal, and his identity will never change In summary, if you hope to have more people paying attention to my viewpoint in the next 10 years, I believe, and I often see people asking me what Bitcoin is. Of course, some people are also speculating whether it is really Bitcoin.

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What is Uncle Block

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