Three key points of blockchain app development - H
Blockchain. Many people now have a blockchain application in their mobile phones. Blockchain app development was born with the rise of virtual currency. It is a decentralized system with shared database and can be used by anyone. In a society with a lack of credit system, investors hope to establish a new system in trading. Blockchain app development can use algorithms to replace the execution of contracts. As a computer program, it is a decentralized system that can be used by anyone, does not need any intermediary, and eliminates the execution subject and transaction moral hazard. This is in line with the current investment environment and can make investors feel more at ease.
1. Currency participation: no currency transaction is empty talk. Whether using legal currency or encrypted digital currency, in short, currency transaction is required to establish the contract and make subsequent promotion, otherwise the blockchain contract will not be established.
2. Assets should be digitized: it is not difficult to understand asset digitization. For example, the cars we use now are physical, and the delivery of vehicles is basically the delivery of vehicles and keys together. If assets are digitized, the car key is changed into a cryptographic public key, and only those who hold the private key can open the door. In blockchain app, contracts are made for such transactions so that all assets can be protected.
3. High asset security: assets need to be connected to a database they trust, because these assets are important. Once the database is invaded, irreparable losses may be caused.