Bitcoin surged over 50% in the fourth quarter of 2023, signaling a recovery in market sentiment and valuations. at the same time,RWAThe track has continued to grow, and new concepts such as inscriptions and DePIN have emerged one after another. How to keep up with the rapidly developing encryption industry and master key information about the encryption market is an urgent need for every blockchain user.
As the fastest-growing public chain in the world, TRON is developing rapidly while also hoping to make progress together with the majority of community users. The TRON Knowledge Bureau popular science column launched by TRON is dedicated to integrating basic knowledge and cutting-edge information, and sharing easy-to-understand popular science articles to help everyone sort out relevant tracks, grasp the pulse of the industry, and calmly play in the crypto circle.
In this Spring Festival special issue, we will review the basic concepts of blockchain, Bitcoin-related topics, and cutting-edge industry knowledge.
A new chapter for Bitcoin
On January 10, SEC Chairman Gary Gensler announced that the SEC approved the first batch of Bitcoin spot listings in the United States.ETF, the applications of 11 companies including BlackRock, Fidelity, Invesco, and VanEck were approved. The long-running tug-of-war between the cryptocurrency industry and the SEC has finally come to an end. While we’re savoring the fruits of victory, we also need to clarify what exactly a Bitcoin spot ETF is.
Whether it is the long-awaited Bitcoin spot ETF or the hot inscription market, people have found that the hot spots in the encryption market have begun to return to the origin of cryptocurrency, and Bitcoin has once again become a hot spot creation machine. It has been 15 years since Satoshi Nakamoto released the Bitcoin white paper on October 31, 2008. In April this year, Bitcoin will once again usher in the halving of mining rewards. At this moment, it is also a kind of refreshment to learn about the basic mining principles, mining equipment and mining methods of Bitcoin.
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Security challenges in the crypto world
As we all know, the Bitcoin network uses the PoW consensus mechanism, while the Tron network uses the DPoS consensus mechanism. No matter which technical method is used, everyones common goal is to overcome the fraudulent behavior of dishonest network participants and ultimately reach a consensus. This problem is also known asByzantine Generals Problem, it not only laid the foundation for the development of cryptocurrency, but also paved the way for a new era of decentralized finance.
One of the fundamental reasons why people develop decentralized networks and explore decentralized finance is to prevent centralization from doing evil. So, does the decentralized network itself have systemic risks? The answer is the 51% attack. Whether it is traditional finance or decentralized finance, security is the most important proposition. Since the birth of Bitcoin, various security incidents have occurred in the encryption market, and the most serious security incident is the 51% attack.
51% attack is like a knife hanging over the head of the encryption communitySword of Damocles, urging people to be alert to dangers that may arise at any time. At the same time, it will also force blockchain developers to continue to develop and innovate, and develop products that are popular in the market and are both secure.
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Deep dive into the world of crypto
In 2023, TRON will celebrate the fifth anniversary of its mainnet launch. For the worlds leading public chain infrastructure like TRON, the mainnet launch is an important step in realizing its great vision of enabling eight billion people around the world to achieve financial freedom. The one corresponding to the main network is called the test network, which divides the blockchain types according to different deployment environments. So are there any other classification methods for blockchain? Click the link below to find out.
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The 2023 TRON fourth quarter popular science tour has come to an end. Learning is like sailing against the current. There is a vast amount of information in the encryption industry, endless narratives, and ever-changing market conditions. Everyone needs to be calm and concentrate on learning. TRON will regularly update the content of the TRON Knowledge Bureau column, screen out practical and valuable information and knowledge, and popularize it with popular graphics and texts to help everyone grasp cutting-edge information in a timely manner. Everyone is also welcome to follow TRON’s official B-station science popularization account “TRON Knowledge Bureau” and learn relevant knowledge about the blockchain industry together.
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