Tencent, the Chinese technology giant, has been constantly exploring and innovating, especially in the field of blockchain, which has attracted much attention. In 2019, how can Tencent Blockchain find its own path to success in this booming field? Let's explore the mysteries together.

Tencent’s exploration in the field of blockchain is not only a technological breakthrough, but also a discussion and layout for the future. In 2019, through continuous innovation, Tencent deeply integrated blockchain technology with various industries, explored many eye-catching application scenarios, and set an example for the entire industry.

First of all, Tencent has shown strong strength in the financial field. Through blockchain technology, Tencent has created a safe and efficient financial settlement system, providing users with more convenient and transparent financial services. For example, Tencent Blockchain has made breakthroughs in the field of cross-border payments. Through smart contract technology, cross-border payments can be received in seconds, which greatly improves user experience, reduces costs, and leads the future development direction of financial technology.

Secondly, Tencent also has unique insights and practices in supply chain management. Taking advantage of the non-tamperable nature of blockchain, Tencent has created a supply chain traceability system that can achieve full traceability from raw material procurement to manufacturing to product sales, ensuring the quality and safety of goods and improving consumer trust. . For example, in the food industry, the traceability system applied by Tencent's blockchain helps consumers scan the QR code on product packaging to learn about the entire production process of the product and protect the health of consumers.

In addition, Tencent has also demonstrated the huge potential of blockchain in areas such as intellectual property protection and charity. Through blockchain technology, Tencent can ensure the authenticity and non-tamperability of intellectual property rights and safeguard innovation. In the field of public welfare and charity, Tencent uses blockchain technology to establish a public welfare donation platform, achieving transparency and openness of donations, and improving the efficiency and transparency of public welfare undertakings.

In general, Tencent has demonstrated strong technical strength and innovation capabilities on the road to blockchain gold nuggets in 2019, setting a model for industry development. In the future, as blockchain technology continues to mature and application scenarios continue to expand, it is believed that Tencent’s exploration path in the blockchain field will become wider and wider, injecting new vitality and impetus into the development of the industry. Let us wait and see and witness the glorious moments of Tencent Blockchain in the future!

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How to use Tencent blockchain for mining in 2019? Not long ago, Tencent blockchain product TrustSQL passed the authoritative trusted blockchain evaluation of China Academy of Information and Communications Technology. Guo Rui believes that the blockchain industry has entered into an effective combination of technology and application scenarios. The era of blockchain+. Tencent’s blockchain products have been implemented in multiple application scenarios, and the BaaS cloud open platform will be launched in the near future to “provide users with a more complete and convenient blockchain development and operation experience.”

Guo Rui said that Tencent’s blockchain open platform is positioned as: open sharing and a value linker between enterprises. "We are committed to building an independent and controllable blockchain open platform. Why do we do independent research and development? We are concerned that the core technologies of many blockchain platforms come from friends or overseas companies. We believe that in this key technology Tencent should shoulder the responsibility of being a leading technology company, so we have independently developed a complete set of blockchain underlying platforms and actively participated in the formulation of trusted blockchain standards by the China Academy of Information and Communications Technology.”

Guo Rui said that blockchain is a technology with historical significance. "Blockchain uses technical means to solve the problem of mutual distrust. For the first time, all parties involved can make decisions together on an equal, open, and transparent platform. In all walks of life, blockchain has There’s room to make a difference.”

Guo Rui pointed out that Tencent’s blockchain open platform has refined two service models, one is shared ledger and the other is digital assets. There are problems such as information asymmetry and low transmission efficiency between people. "Shared ledgers can allow everyone to join together to complete one thing on an equal footing." In addition, digital assets based on blockchain can achieve compliance supervision and flexible circulation. , while ensuring safety. For example, in terms of circulation, after assets are put on the chain, they can be dismantled and issued without relying on the issuer for circulation.

Technically, Guo Rui said that Tencent Blockchain TrustSQL has two major innovations at the technical level: first, it is a database-based delivery method that supports SQL interface access, so users can continue to use previous development habits; second, it is an original built-in smart contract. The execution is more secure and efficient, and it is convenient for users to migrate their business models to the blockchain.

He also revealed that a new blockchain BaaS cloud service platform will be launched in the near future. Users can better leverage Tencent Cloud’s mature architecture and financial cloud’s high-quality services to build stable and convenient blockchain applications. In the future, the BaaS platform will also It will provide more plug-in services such as big data and credit information that combine Tencent’s advantages.

Guo Rui is optimistic about the joint application of blockchain with banking, insurance, securities, supply chain finance and other industries. Guo Rui shared three cases at the scene: In the cooperation case with Qianhai Lianyirong, blockchain technology solved the financing difficulties and expensive financing problems of small and medium-sized enterprises in the supply chain due to information asymmetry and lack of collateral. Problem; In the cooperation project with the China Federation of Logistics and Purchasing, "blockchain + TMS" solved the problems of mutual distrust among parties in the logistics industry, the risk of tampering with logistics information, and inconvenient supervision; in the cooperation project with Guangzhou Huishi Technology During the cooperation, the electronic evidence storage system based on the blockchain solved the two major risks of information tampering and business privacy leakage, and at the same time facilitated judicial evidence collection.

Tencent Blockchain Mining

In terms of private Bitcoin mining, the price of folding price and performance Bitcoin mining machines ranges from two to three hundred yuan to 200,000 yuan. From 2011 to 2013, the price of high-configuration Bitcoin "mining machines" increased from 10,000 yuan to 300,000 yuan, but the performance was also much better than before. According to industry insiders, it took 100 days for old machines to mine 1 Bitcoin, but today’s (2013) machines can mine 3.5 Bitcoins in 100 days. According to the mining machine information released by the domestic assembly team, a minimum configuration mining machine priced at 3,000 yuan can pay back its investment in more than 30 days according to the Bitcoin mining speed.

A machine with a mining speed of 10G/s can mine approximately 0.03 Bitcoins 24 hours a day, while a machine with a mining speed of 13G/s can mine approximately 0.035 Bitcoins 24 hours a day based on the computing power and difficulty of the entire network in 2013. According to the calculation formula of Bitcoin output, the folding output value will be halved almost every four years, eventually reaching the extreme value of 21 million. At this time, the value will rise significantly. This kind of currency without central bank control will continue to appreciate compared with the real currency that continues to be quantitatively easing.

By 2013, more than 11 million Bitcoins had been produced. Folding hardware expenditure mining is actually a competition of performance and equipment. A mining machine composed of many graphics cards, even if it is only a mid-to-low-end graphics card such as HD6770, the computing power after "grouping" can still surpass most users. For a single graphics card. And this is not the scariest thing. Some mining machines are composed of more such graphics card arrays. Dozens or even hundreds of graphics cards are used together. The graphics card itself also costs money. Taking into account various costs such as hardware prices, mining There are considerable expenditures.

Withdrawing all Bitcoin requires a key of hundreds of digits, and most people will record this long series of numbers on their computers. However, frequent problems such as hard drive damage will cause the key to be permanently lost. It also led to the loss of Bitcoin. "A rough estimate is that the number of lost Bitcoins may reach more than 1.6 million. Although Bitcoin advertises itself as "anti-inflation," it is easily controlled by large bookmakers who hold large amounts of Bitcoins, and has the risk of devaluation. Call it a roller coaster.

Therefore, Tencent’s blockchain mining can be seen as a practice in Tencent’s cloud computing field. Its purpose is not to let people make a fortune through this sector, but to self-test its own cloud computing capabilities. But you can also take advantage of this opportunity to make a small profit