Progress and Application Analyses in Blockchain Technology

Abstract

The Blockchain is a new technology developed on the basis of Bitcoin system. In fact, the developing blockchain technology has been going beyond the single application scope of cryptocurrency, and becoming one of a core support to solve financial, economic and even social problems on Internet. Based on the Bitcoin system, this paper first analyzes the basic issues of implementing distributed storage, consensus negotiation and cryptographic security in the blockchain. On this basis, several representative blockchain technologies are analyzed, including Smart-contracts, Super-ledger and Stable-currency system. Finally, the trend of his applications are prospected.