1. Mining with your own equipment

　　Now, some people have invented ‘mining machines’ specifically for mining, making it relatively simple for individuals to participate in mining. As long as you plug in the power and network cable to the mining machine, it can be turned on and operated. However, mining also has risks. The output of Bitcoin is halved every four years. In addition to the cost of mining machines, electricity, and maintenance, there are also risks such as unstable calculation and power outages. Moreover, the running sound of the mining machine is very loud, which can affect rest if placed at home. Therefore, it is necessary to choose a mining machine with high computing power and low power consumption, and then find a basement or warehouse to mine. In general, the cost is very high, and if the bear market in the cryptocurrency circle occurs, the worst-off will be the miners.

　　2. Participate in cryptocurrency trading or hoarding

　　As the most successful project of blockchain technology, virtual currency is truly suitable for most investors to participate in investment. ‘Trading virtual currency itself may not be within the capital of everyone; however, trading the virtual currency trend trading method launched by Jinsheng Options, which costs only 5 dollars, is something that many ordinary investors can easily do. Moreover, the characteristic of making a profit regardless of whether the price goes up or down will multiply the possibility of investors’ profits.’ Said a investor with 3 years of virtual currency investment experience.

　　3. Do blockchain self-media

　　In the early stage of the blockchain market, many people do not understand what blockchain is, but they want to participate. This inevitably led to the emergence of the blockchain knowledge paid market. So far, there are not many media doing blockchain, so there is still a vast population dividend. You can write articles, record videos, broadcast voice messages, and even create live content with infinite possibilities: investment insights, project analysis, industry news, welfare selection, and knowledge popularization.

　　4. ICO

　　ICO (Initial Coin Offering) is the abbreviation, which stands for the first coin issuance. It is essentially a blockchain crowdfunding and a way for blockchain startup companies to raise funds from the public. Some friends may want to participate in ICO projects, thinking that the returns are higher than trading coins, just like the listing of original shares is stronger than buying and selling stocks in the secondary market. However, at present, there are many ICOs on the market that deceive people, and many white papers are not written and are fundraising extensively, most of which are air coins and pyramid coins. The risk of ICO is extremely high, and it is also defined as illegal in China, so it is not recommended for ordinary investors to participate.

　　5. IFO

　　IFO (Initial Fork Offerings) is the first fork coin issuance. They generate new tokens by forking the Bitcoin blockchain and claim to be able to achieve functions superior to Bitcoin, and are currently also a way that has attracted attention.

　　Investing in blockchain is similar to high-risk investments such as stocks, with high costs and risks, and the pressure to bear is also beyond the comparison of general investments. Therefore, before entering the cryptocurrency circle, everyone must think it through carefully.

　　What does ‘enterprise-level blockchain’ mean?

　　In many cases of blockchain enterprise applications, we can always see the word ‘BaaS’. BaaS is the abbreviation of ‘Blockchain as a Service’, which is translated into Chinese as ‘区块链即服务’. So, what is Blockchain as a Service (BaaS)? Let’s explore it in detail with Xiao Wang from the人人链 blockchain technology team, with this question in mind.

　　According to Xiao Wang’s introduction: Blockchain as a Service (BaaS) is a concept mainly proposed by the two giants Microsoft and IBM. To put it simply, it is actually a new type of cloud service, a cloud service combined with blockchain technology. For example, Microsoft’s Azure cloud computing platform and IBM’s Bluemix Garage cloud platform both provide Blockchain as a Service (BaaS).

　　Blockchain as a Service (BaaS) is a space opened up by enterprises such as Microsoft and IBM from their own cloud service networks to run a blockchain node. Compared to ordinary nodes and exchange nodes, the main purpose of BaaS nodes is to: quickly establish the required development environment, provide a series of operations such as blockchain-based search queries, transaction submissions, and data analysis, which can be either centralized or decentralized, to help developers quickly verify their concepts and models. The service nature of BaaS nodes is reflected in: stronger tooling, convenient for creating, deploying, running, and monitoring blockchain.

　　Blockchain is a term in the field of information technology. Essentially, it is a shared database where the data or information stored has characteristics such as ‘non-forgery’, ‘全程留痕’, ‘可追溯’, ‘公开透明’, ‘集体维护’, and others. Based on these features, blockchain technology has laid a solid ‘trust’ foundation, created a reliable ‘cooperation’ mechanism, and has a broad application prospect.

　　Essentially, it is a decentralized database, and also the underlying technology of Bitcoin. It is a series of data blocks linked together using cryptographic methods, with each block containing information about a batch of Bitcoin network transactions, used to verify the validity (anti-counterfeiting) of the information and generate the next block.

　　Extended information:

　　Blockchain technology does not rely on any additional third-party management institutions or hardware facilities. There is no central control. In addition to the self-contained blockchain itself, through distributed accounting and storage, each node achieves information self-verification, transmission, and management. Decentralization is the most prominent and essential feature of blockchain.

　　The foundation of blockchain technology is open source. In addition to the encrypted private information of the parties involved in the transaction, the data of the blockchain is open to everyone, and anyone can query blockchain data and develop related applications through public interfaces, making the entire system information highly transparent.

　　Through the layered network structure connected by nodes, blockchain can realize the comprehensive transmission of information throughout the network and can verify the accuracy of the information. This feature has improved the convenience and intelligence of Internet of Things transactions to a certain extent.

　　What industry is the blockchain industry?

　　Blockchain is an advanced internet infrastructure technology that does not belong to a single industry. Nowadays, some fields have already started to use these technologies and apply them. Blockchain (blockchain) is an important concept of Bitcoin. The ‘2014-2016 Global Bitcoin Development Report’ jointly released by Huobi, Tsinghua University’s Peking University School of Finance Internet Finance Laboratory, and Sina Technology mentioned that blockchain is the underlying technology and infrastructure of Bitcoin. Essentially, it is a decentralized database and also the underlying technology of Bitcoin. Blockchain is a series of data blocks linked together using cryptographic methods, with each block containing information about a Bitcoin network transaction, used to verify the validity (anti-counterfeiting) of the information and generate the next block.

　　[Expanded Information]

　　Blockchain is a credible network that can be transmitted. Huawei Cloud Blockchain focuses on building secure and reliable blockchain infrastructure, enabling enterprises and governments to quickly and efficiently build blockchain networks and industry applications, realizing the credible and rapid flow of capital flow, logistics, and information flow, achieving efficient and credible collaboration, and helping to reduce collaboration costs and improve efficiency.

　　Blockchain originated from Bitcoin. On November 1, 2008, a person claiming to be Satoshi Nakamoto published an article titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’, elaborating on the framework concept of an electronic cash system based on P2P network technology, encryption technology, timestamp technology, and blockchain technology. This marked the birth of Bitcoin. Two months later, theory turned into practice, and the first genesis block with serial number 0 was born on January 3, 2009. A few days later, on January 9, 2009, the block with serial number 1 appeared and connected with the genesis block with serial number 0, forming a chain, marking the birth of blockchain.

　　In recent years, the world’s attitude towards Bitcoin has fluctuated, but as one of the underlying technologies of Bitcoin, blockchain technology has increasingly received attention. In the formation process of Bitcoin, a block is a storage unit that records all communication information of the nodes in the Bitcoin network within a certain period of time. Blocks are linked through random hashing (also known as hash algorithm), and the subsequent block contains the hash value of the previous block. As the expansion of information exchange, one block follows another, forming the result called blockchain. What is a blockchain company?

　　Blockchain companies are responsible for managing lottery and How to find it, controlling the network base stations of blockchain, and belong to a type of virtual company that can control the transactions and odds of lottery and How to find it. What is the meaning of blockchain?

　　Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. Blockchain is an important concept of Bitcoin.

　　In essence, it is a decentralized database, and as the underlying technology of Bitcoin, it is a series of data blocks linked by cryptographic methods. Each data block contains a batch of transaction information of the Bitcoin network, which is used to verify the validity (anti-counterfeiting) of the information and generate the next block.

　　Blockchain is closely related to the production and life of the people in fields such as public management, energy, hotel management, transportation, and so on. However, the centralized characteristics of these fields also bring some problems that can be transformed by blockchain.sports betting secrets，We need you

　　Decentralized fully distributed DNS services can realize domain name query and resolution through point-to-point data transmission services among various points in the network, which can be used to check whether the operating systems and firmware of some important infrastructure have been tampered with, monitor the status and initialization of monitoring software, detect bad tampering, and ensure that the data transmitted by systems using Internet of Things technology has not been tampered with.

　　The above content is from Baidu Encyclopedia – What is blockchain?

　　Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. The so-called consensus mechanism is a mathematical algorithm that enables different nodes in the blockchain system to establish trust and obtain rights and interests.

　　In a narrow sense, blockchain is a chain-like data structure that combines data blocks in sequence according to time order, and ensures the non-tamperable and non-forgery of the distributed ledger by means of cryptography.

　　In a broad sense, blockchain technology is a brand new distributed infrastructure and computing method that uses block chain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, ensures the security of data transmission and access by means of cryptography, and programs and operates data by means of smart contracts composed of automated script code.

　　Extended information:

　　1. In 2008, the concept of blockchain was first proposed by Satoshi Nakamoto, and in the following years, it became an integral part of the electronic currency Bitcoin: as the public ledger of all transactions.

　　2. By 2014, ‘Blockchain 2.0’ had become a term for decentralized blockchain databases. Economists believe that the achievement of the second-generation programmable blockchain is ‘it is a programming language that allows users to write more precise and intelligent protocols, so that when profits reach a certain level, users can obtain benefits from completed cargo orders or dividends from shared certificates’.

　　3. In 2016, the National Securities Depository of the Russian Federation (NSD) announced a pilot project based on blockchain technology. Many regulatory institutions in the music industry began to use blockchain technology to establish test models for collecting royalties and managing copyrights worldwide.

　　4. Blockchain’s timestamp service and existence proof have permanently preserved the time and events occurring when the first blockchain was created.

　　5. In 2015, Bitcoin company BTCC launched a service called ‘Millennium Chain’, which is a blockchain engraving service using the above principle. Users can engrave text on the blockchain through this service and permanently preserve it.

　　Reference:百度百科_区块链

　　Major enterprises in the industry: China Ping An (601318), Donggang Stock (002117), Information Development (300469), Guangyuan Software (002063), Bosi Software (300525), Feicheng Xinyang (300386), Sifang Jingchuang (300468), Industrial and Commercial Bank of China (601398), SF Holding (002352)

　　Core data of this article: China’s blockchain market size, China’s blockchain bidding volume, and the number of China’s blockchain enterprises

　　Industry Overview

　　1. Definition

　　Narrowly speaking, blockchain is a chain-like data structure that combines data blocks in chronological order and is guaranteed to be tamper-proof and unforgeable through cryptographic methods, forming a distributed ledger.

　　Broadly speaking, blockchain technology is a completely new distributed infrastructure and computing method that uses block chain data structure to verify and store data, distributed node consensus algorithm to generate and update data, cryptographic methods to ensure the security of data transmission and access, and smart contracts composed of automated script code to program and operate data.

　　Blockchain is not a single technology, but a combination of new technologies. Each technology performs its own function, solves different problems, and when combined, forms the blockchainonline lottery online online casinoThe latest plan. A block, as the basic structural unit of the blockchain, consists of two parts: the block header and the block body containing transaction data.

　　2. Analysis of the industrial chain: the downstream industry involves a wide range of applications

　　The upstream of the blockchain industry chain is mainly the underlying technology and infrastructure. The underlying technology includes core basic components, protocols, and algorithms. Represented by Bitcoin, Litecoin, and Ethereum, they have built a network environment based on blockchain technology, including distributed algorithms, digital keys, data storage, P2P network protocols, consensus mechanisms, and network environments, transaction rules, and reward mechanisms for miners joining the network nodes. Representative enterprises include Ant Finance, QuarkChain, and万象Blockchain; the infrastructure is mainly mining machines.

　　The middle segment is the platform layer, mainly providing application services based on blockchain technology for developers. It is a productized service provided on the basis of underlying technology, offering smart contracts, information security, data services, and improving the convenience and scalability of application development on the platform layer.

　　The downstream is the application layer of vertical industries. It is manifested as core application components, including smart contracts, programmable assets, incentive mechanisms, and member management.

　　Development history of the industry: currently in the 3.0 era of blockchain

　　Looking at the development history of global blockchain, in 2008, an anonymous person named ‘Satoshi Nakamoto’ published the paper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’, initially hoping to launch a type of freely circulating peer-to-peer electronic cash. The issuance of Bitcoin represented the beginning of blockchain technology; later, the launch of Ethereum in 2013 directly propelled blockchain into the 2.0 era; by the end of 2017, the popularity of stablecoins and the launch of MakerDAO pushed blockchain into the 3.0 era. By June 2019, Facebook’s release of the Libra white paper attracted the attention and discussion of the global community, with regulators from various countries making comments one after another, showing the tremendous potential of blockchain technology in reshaping the global financial infrastructure. After 2021, the identification technology based on NFTs emerged, and was first applied in the art field.

　　Background of industry policy: promoting comprehensive development of blockchain

　　In 2016, the State Council issued the ‘National Informationization Plan for the 13th Five-Year Plan’, which for the first time included blockchain in the category of new technologies and made a frontier layout, marking the beginning of China’s promotion of blockchain technology and application development. Since then, the central and local governments have successively issued relevant blockchain policies, providing a good environment for the development of blockchain.

　　In February 2019, the ‘Regulations on the Administration of Blockchain Information Services’ issued by the National Internet Information Office officially came into effect, regulating the filing basis for the development of China’s blockchain industry. The issuance of the ‘Regulations’ aims to clarify the information security management responsibilities of blockchain information service providers, standardize and promote the healthy development of blockchain technology and related services, avoid the security risks of blockchain information services, and provide effective legal basis for the provision, use, and management of blockchain information services. The issuance of this ‘Administrative Measures’ also signifies the formal arrival of the ‘supervisory era’ for blockchain information services in China.

　　By the end of October 2019, the Political Bureau of the Central Committee of the Communist Party of China conducted the 18th collective study on the current situation and trends of blockchain technology development. The central leaders explicitly emphasized that blockchain should be regarded as an important breakthrough in independent innovation of core technologies and accelerate the promotion of innovative development of blockchain technology and industry. This fully demonstrates that blockchain technology has risen to the national level. Professor Chen Chun, a professor at Zhejiang University and an academician of the Chinese Academy of Engineering, who gave a lecture at the 2019CCF Blockchain Technology Conference hosted by the China Computer Federation on October 12, said that the development of the domestic blockchain industry is ushering in ‘spring breeze’, and the research hotspots of Chinese blockchain technology will focus on the two aspects of key technologies of consortium blockchain and blockchain regulatory technology.

　　Current development status of the industry

　　1. The market size growth rate exceeded 90% in 2020

　　From 2016 to 2018, large IT Internet enterprises successively laid out blockchain, start-up enterprises entered a spurt mode, and the industrial scale expanded continuously. According to IDC data, the Chinese blockchain industry has changed from a market size of 0.85 billion US dollars in 2017 to a 5.61 billion US dollars industrial scale in 2020.

　　2. The rapid growth of related enterprises

　　In terms of the number of enterprises, in 2020H1, China had 303 new blockchain enterprises that provided professional technical support, products, and solutions, with an increase of 274.07% year-on-year. By the end of 2020, the number of blockchain-related enterprises in China reached 64,062, with a year-on-year increase of 52.88%.

　　3. Blockchain finance is the largest downstream application market

　　According to the disclosure of the ‘China Blockchain Development White Paper (2020)’, with the accelerated implementation of blockchain applications, the ‘Blockchain+’ business has become the development focus for Internet backbone enterprises to enter the blockchain industry. In addition to financial services, it actively deploys applications in many fields such as the Internet, traceability, supply chain & logistics, digital assets, government affairs and public services, intellectual property, law, and medical care. Among them, finance is the field with the most exploration of blockchain application scenarios, with specific projects landing in subfields such as supply chain finance, trade financing, payment and settlement, and fund management.

　　4. The number of blockchain tenders has been increasing year by year

　　From the perspective of years, from 2016 to 2020, the number of government tenders for blockchain-related projects has been growing exponentially. On the one hand, this is due to the increasing application value of blockchain technology, and on the other hand, it also reflects that the government’s demand and attention to blockchain have increased.

　　Industry competition situation

　　1. Regional competition: The most distributed blockchain technology research and development-related enterprises are in Beijing and Guangdong.

　　In terms of company distribution, as of the first half of 2021, the distribution of enterprises shows a clear hierarchical structure. Among them, Beijing and Guangdong rank first with 348 and 341 blockchain development-related enterprises, respectively, followed by Jiangsu, Shanghai, and Zhejiang with 164, 127, and 81 enterprises, respectively.

　　Blockchain industrial parks, as an important carrier for the development of blockchain industrial clusters, are being accelerated in construction by local governments. From the perspective of the distribution of industrial parks, there are a large number of blockchain industrial parks in cities such as Beijing, Shanghai, Hangzhou, Guangzhou, Chongqing, Qingdao, and Changsha, forming the Bohai Rim agglomeration effect mainly with Beijing and Shandong as the core, the Yangtze River Delta agglomeration effect mainly with Zhejiang, Shanghai, and Jiangsu as the core, the Pearl River Delta agglomeration effect mainly with Guangdong as the core, and the Hunan-Xiang-Qianyu agglomeration effect mainly with Chongqing and Hunan as the core. Combined with the positioning and development of industrial parks, the focus is on serving enterprises, creating blockchain innovation platforms and industrial highlands, and this positioning also provides a foundation for the agglomeration effect of enterprises.

　　2. Enterprise competition: Alibaba’s blockchain strength is the strongest

　　In March 2021, under the guidance of the China Mobile Communications Federation Blockchain Professional Committee, the China Science and Technology System Reform Research Association Digital Economic Development Research Group, and the Organizing Committee of the China Blockchain Enterprise Top 100 List, the Chain Tower Think Tank selected and evaluated from thousands of project and enterprise lists, and finally released the 2020 China Blockchain Enterprise Top 100 List.

　　Against the backdrop of the outbreak of the 2020 pandemic, the 2020 Blockchain Top 100 list adjusted the dimensions of enterprise investigation to a certain extent to highlight the performance of outstanding blockchain enterprises in 2020. It is divided into five main dimensions, namely, business operation accounting for 25% of the weight, technological research accounting for 20% of the weight, product application accounting for 30% of the weight, team composition accounting for 15% of the weight, and market promotion accounting for 10% of the weight.

　　Industry development prospects and trend predictions

　　1. It is still in the introduction phase

　　Currently, China’s blockchain industry is in the introduction phase, and the industry shows two main characteristics: First, large-scale industry enterprises actively apply blockchain technology to improve their own business, but mainly for trial purposes, and the main application scenarios are all non-core businesses in the industry. For example, enterprises such as Ping An, China UnionPay, and Ant Financial are limited to non-core business in their exploration of blockchain applications; Second, the business development of enterprises mainly serving blockchain technology services is mostly in the initial stage, the product technology system and business model are not yet mature, and the understanding of blockchain by the demand side needs to be improved. Some application cases have been formed in scenes such as judicial evidence preservation, government management, public services, food traceability, and supply chain management, but they are still waiting to be further optimized and improved.

　　2. It is expected that the market size will exceed 16 billion US dollars by 2026

　　Blockchain technology is a key direction for independent innovation breakthroughs in China’s new generation of information technology, containing vast space for innovation. In fields such as chips, big data, and cloud computing, innovative activities are becoming increasingly active, and innovative elements are continuously accumulating. The application of blockchain technology in various industries is deepening, which will give birth to a large number of new technologies, new products, new applications, and new models.

　　The above data is referenced from the report ‘Prospect Industry Research Institute’s ‘China Blockchain Industry Market Prospective and Investment Strategy Planning Analysis Report’.