Block chain and transaction method based on block chain

Abstract

The invention discloses a blockchain in which creation blocks are constructed by a central bank or an authority all the time, the central bank or the authority constructs a plurality of creation blocks, each creation block represents sovereign digital currency with a preset denomination, and the size and quantity of the issuing denomination of the sovereign digital currency are determined by the central bank; the interest rate is determined by the central bank autonomously or negotiating with a transaction party user; the user is a natural person or a legal person, identity information of theuser needs to be verified, and if the identity information is incorrect or the user is limited by laws and regulations or department regulations, a central bank or an authority mechanism should refusetransaction behaviors of the user. According to the invention, the problem of overlarge data volume of a traditional block chain can be well solved. And secondly, since the user must submit the identity information, the central bank or the authority can comprehensively monitor the transaction behavior, the problem that the traditional blockchain technology is difficult to monitor the account is well solved, and meanwhile, the foreign exchange supervision institution can also comprehensively supervise all the users.

Description

technical field [0001] The present invention relates to the field of block chains, in particular to a block chain in which a central bank or an authoritative organization always constructs a genesis block, and also to a transaction method based on the block chain. Background technique [0002] The essence of electronic cash transactions is the transfer of the value of currency (or currency-like) assets. In fact, the distributed bookkeeping concept brought by the blockchain can not only serve electronic cash transactions, but can also be used to deal with value transfer in a broader sense: the ownership and circulation of tangible and intangible assets are theoretically independent. Blockchain technology can be used for recording and tracking, and point-to-point value exchange can be completed. This will be a significant innovation for social business information and asset management. [0003] However, due to the non-Turing completeness of Bitcoin system design, its system ...

AI Technical Summary

Problems solved by technology

[0007] Purpose of the invention: In order to solve the problems existing in the prior art, the purpose of the present invention is to provide a block chain that is always constructed by the central bank or an authority. Another purpose of the present invention is to provide a Chain transaction method to solve the problem of excessive data volume of traditional blockchain and difficult account monitoring by traditional blockchain technology. At the same time, foreign exchange regulatory agencies can also conduct comprehensive supervision on all users

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