Zero Blockchain International Entertainment

What is the difference between a centralized wallet and a decentralized wallet? 🧐
🔥Decentralized wallet
Concept: Offline wallets that are disconnected from the network and cannot be accessed by the network, such as paper wallets, hardware wallets, computers or mobile phones that are not connected to the Internet, etc.
Principle: Offline storage of private keys.
⭕️ Advantages: It can be protected from hackers and viruses and ensure absolute security during storage. It is the safest way to store digital currency.
❌ Disadvantage: When the hardware is damaged or the private key is lost, the digital currency may be lost, so it is necessary to make a backup;
🔥Centralized wallet
Concept: Online wallets connected to the network, such as networked desktop wallets, mobile wallets, online wallets.
Principle: The private key is encrypted and stored on the server, and then downloaded and decrypted when needed.
⭕️ Advantages: Can be used to send or query digital currency, easy to use.
❌ Disadvantage: High risk of being hacked to steal wallet information or crack encrypted private keys.
🔥 Simply put, decentralized wallets are safe and centralized wallets are convenient 🔥
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Why is blockchain important? Can it be used as the most fair and just basis for lottery?
Business operations depend on information. The faster the information is received, the more accurate the content, and the more conducive to business operations. Blockchain is ideal for delivering this information because it provides instant, shared and fully transparent information stored on an immutable ledger that can only be accessed by permissioned members of the network. The blockchain network keeps track of orders, payments, accounts, production, and more. With a single, trusted view shared among members, you can see all the details of a transaction end-to-end, giving you greater confidence, opportunity, and efficiency.
🔍Distributed ledger technology, immutable records
All network participants have access to the distributed ledger and its immutable record of transactions. Using this shared ledger, transactions need only be recorded once, eliminating the duplication of effort typical of traditional business networks.
After the transaction is recorded on the shared ledger, no participant can alter or tamper with the transaction. If there is an error in the transaction log, a new transaction must be added to undo the error, both of which are then visible.
🔍 Each block is connected to the blocks that are located before and after it
These data blocks form a data chain as the asset's location changes or ownership changes. Data blocks confirm the exact timing and order of transactions, and by securely linking data blocks together, it prevents any data block from being tampered with or inserting other data blocks between two existing data blocks.
🔍 Transactions are enclosed in irreversible chains: blockchain
Each addition of a block of data strengthens the validation of the previous block, thereby strengthening the entire blockchain. This makes the blockchain resistant to tampering, offering the key advantage of immutability. Not only does this eliminate the possibility of tampering by malicious individuals, but it also creates a ledger of transactions that you and other network members can trust.