Blockchain is an innovative application model that combines technologies such as distributed data storage, peer-to-peer transmission, consensus mechanism, and encryption algorithms in computer technology to be applied to the Internet era. There are three main types of blockchains:
The first is the public chain, which serves as the technical underlayer of the blockchain. The advantage of public chains is that everyone can become a node. Whenever a transaction is completed, 51% of the nodes on the public chain have to record the transaction. This is more open and transparent for users, and the information cannot be tampered with, so the trust of the public chain is higher. One of the problems with this system is that it can process too many transactions at the same time, which requires high server performance. Also, because of this, the reaction speed of transactions will also be slower.
A private chain is a kind of underlying technology, which is usually controlled by an independently developed enterprise. In a private chain, each node represents an enterprise itself. However, due to the fact that the private chain cannot achieve complete openness and transparency, its information circulation has certain limitations. User consensus has become lower, and the amount of concurrency has decreased. As a result, the server requirements are not very high, and the cost of setting up is low.
The consortium chain is built on the foundation of Tencent Cloud and uses Tencent TBS technology to provide technical support. It allows multiple enterprises to issue blockchain points together and supervise each other to ensure the openness and transparency of the blockchain. In this way, there is a certain consensus on the issuance of points. We can solve the problem of excessive concurrency by making the enterprise the center, which can save the high cost of the server. At the same time, we can also build a CTC platform to ensure that digital products and points can flow more smoothly.