The operation mechanism of blockchain technology and its current development.
Throughout the course, we’ll learn blockchain technology and the related cryptography, consensus mechanism and algorithm; we’ll discuss the technical bottleneck it faces, the impossible triangle, and the ways to make trade-offs between decentralization, security and scalability. With the rapid development of the blockchain industry, the need for diversified application scenarios is also increasing. Layer 1 is developed for specific purposes. And layer 2 protocols that may bring better scaling solutions to layer 1 have emerged one after another since 2021. As the public ledger, blockchain holds the top priority of ensuring the security of node-verified data through its consensus mechanism. Although theoretically, blockchain is a secure data structure, i
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