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Speaking of blockchain, I believe everyone is familiar with it. At least they have heard of this concept. However, when it comes to the computing power system of blockchain, many investors do not understand it. In fact, the calculation of the blockchain computing power system uses a proof-of-work mechanism. This mechanism is to help the system find out who has more powerful computing power. In this mechanism, the community can calculate the area faster. By asking an arithmetic question in the blockchain system, whoever can grab the legal accounting rights of these ten-minute blocks is actually the mining we are familiar with. Many investors still don’t know what the blockchain computing power is used for? Everyone wants to know what exactly blockchain computing power can do? Let the editor of the currency circle talk about it below.

 What is the use of blockchain computing power?

The representative of blockchain application is Bitcoin, and in Bitcoin's PoW model, the computing power of the mining machine is mainly used to calculate Nonce. To explain this matter, first of all, when you understand the content of a block, that is That transaction list generates a SHA256 signature. This signature is called the proof of the transaction list, so that you can prove that you have these transactions inside your block without exposing the transaction list. It’s a bit convoluted, so you only need to know the first step of PoW, first calculate a Hash, and then in order to prove that you have mined this mine, you need to use another Hash to calculate the Hash (Nonce+TransactionsHash), because TransactionHash is in the first step. It has been calculated, so it is necessary to find the hash of the Nonce that makes the Block's Proof. <difficulty. At first glance, how to compare hash sizes, but you only need to know that hash is 32 bits, which can be considered as a 256-bit unsigned number, and the sizes are compared. <
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Then the computing power of Bitcoin is used to find this Nonce, because the requirements of cryptography for the Hash function tell us that it is difficult to find a collision that just makes the Hash in a specified range. Convert it to computer language In other words, we have no way to find this Nonce within a constant time complexity, so our computing power is to constantly violently crack the Nonce, which is the same idea as the BF cracking of information security.

 What exactly can blockchain computing power do?

·Blockchain computing power platform technology

The calculation of the blockchain computing power system uses a mechanism called "proof of work". In order to find out who has more powerful computing power, the blockchain computing power system will issue a When it comes to an arithmetic problem, whichever miner can calculate quickly will be able to grab the legal accounting rights of the ten-minute block and get the corresponding Bitcoin reward. This process is usually called "mining". It is the salary paid to them, and it is also the process of issuance.

·Cloud computing power mining

1. Mining is just a metaphor. Mining of digital assets actually refers to a large amount of calculation work.

2. Players can purchase professional computing equipment (mining machines), and then whoever has high computing power can obtain more digital assets.

3. These calculations are used to construct the ledger (blockchain) data of digital assets; they are also used as a fairer method of issuing digital assets.

Computing power mining can also be regarded as a kind of membership system. Of course, the membership system has more systems to be combined with it, which will also attract players and bring benefits to both players and the platform. This is a win-win project. There will also be many investors involved.

Only after we understand the use of blockchain computing power can we know what blockchain computing power can do. In fact, it seems now that blockchain computing power software still has certain advantages. For example, its computing power program has no geographical restrictions. It is an open and shared system with no geographical or national boundary restrictions. Moreover, the blockchain computing power software is also decentralized, which is also based on the characteristics of blockchain technology. In this way, buyers and sellers can establish trust and conduct transactions without an intermediate platform. Finally, the computing power software of the blockchain is also very convenient. When we purchase goods on the blockchain, as long as the price of the goods is suitable, we can directly use the encrypted digital assets of the blockchain to exchange.