Research on Data Security Technology Based on Blockchain Technology

Blockchain started with Bitcoin, but it is higher than Bitcoin. With the deepening of applied research on blockchain technology, this new technology has brought new vitality to many industries. People admire the decentralized nature of the blockchain and hope to solve the problems caused by the operation of traditional centralized institutions in a more fair and effective way. Of course, as an emerging technology, blockchain has many areas for improvement. This article explains the blockchain technology from many aspects. Starting from the typical architecture of the blockchain, the data structure and system model of the blockchain are first introduced. Then it expounds the development of consensus algorithms and compares typical consensus algorithms. Later, the focus will be on smart contracts and their application platforms. After analyzing some of the challenges currently faced by the blockchain technology, some scenarios where the blockchain is currently developing well are listed. Finally, it summarizes and looks forward to the blockchain technology.