What is the block wallet system
Blockchain wallet system is a tool for storing our blockchain cryptocurrency such as bitcoin, which is developed from bitcoin technology. Later, with the popularity of bitcoin, many people know about blockchain. Blockchain technology is mainly distributed accounting technology and data storage technology. Blockchain wallet system is developed based on these two technologies, and its function is far more than storing digital assets.
For the blockchain wallet system, here is a key word: distributed accounting technology.
The decentralized ledger technology and data storage technology of blockchain wallet system are not new technologies, and they have existed many years ago. However, in the ten years since the birth of bitcoin, people have paid attention to the combination and innovation of Distributed Accounting Technology and data storage technology to form bitcoin. These two technologies have a proper term blockchain. The distributed computing of blockchain wallet system is to decompose the difficult problems into small parts and deal with them separately through the communication between computers in the computer network, so as to achieve the purpose of improving the performance.
Bitcoin not only distributes bookkeeping to computers all over the world, but more importantly, it has no central server! The network composed of numerous computers (mining machines) does not rely on the central server for centralized data processing. Blockchain distributed ledger technology makes bitcoin a digital cash system. Digital cash system is also a kind of blockchain wallet system, but blockchain wallet system is a primary category, and there are many secondary categories of blockchain products.
The distributed ledger technology used in blockchain wallet system is the innovation of blockchain, and the innovation of this technology has set off a storm in the development of Internet technology.