Study Guide for Blockchain Balance Management System

Study Guide for Blockchain Balance Management System

Questions and Answers (Short Answer Questions)

What is a blockchain anchor point and what role does it play in a blockchain system?

How does a blockchain balance management system query balance changes?

What role does the preset change amount play in a blockchain balance management system?

What is the "balance adjustment contract operation"? Under what circumstances is it triggered?

How is the "threshold" set in a blockchain balance management system and what is the basis for setting it?

How does a blockchain balance management system route transactions?

What role does compliance checking play in a blockchain balance management system?

How does a blockchain balance management system perform "water level recovery"?

What does "transaction volume estimation" mean for a blockchain balance management system?

What does the "settlement cycle" mentioned in a blockchain balance management system refer to?

Question Answers

A blockchain anchor point refers to a node in a blockchain network used to store and manage the balance of a specific entity. In a blockchain system, each entity may have a balance on different anchor points, and these balances together constitute the total balance of the entity in the entire blockchain network.

The blockchain balance management system obtains balance change information by querying the transaction records related to the entity in the blockchain ledger. The system will analyze these transaction records and calculate the increase or decrease in the balance.

The preset change amount refers to a balance change range pre-set by the system based on historical transaction data or other prediction models. When the actual balance change exceeds the preset amount, the system will trigger the corresponding operation, such as water level recovery or threshold adjustment.

"Balance adjustment contract operation" refers to the contract operation automatically executed by the system when the balance of an entity at a certain anchor point is lower than the preset change amount, which is used to restore the balance of the entity at the anchor point to the preset level.

"Threshold" refers to the balance critical value that triggers the balance adjustment contract operation. The setting of the threshold is usually based on factors such as the transaction activity of the entity, the volatility of the transaction volume, and the cost of system resources.

The blockchain balance management system analyzes the balance of each node and the trust relationship between each other to find an optimal path to complete the transfer of funds between the two parties of the transaction. This process is called transaction routing.

Compliance check refers to the system's compliance review of both parties of the transaction such as identity authentication and risk assessment before the transaction is executed to ensure the legality and security of the transaction.

"Water level recovery" means that after the settlement cycle ends, the system adjusts the balance on each anchor point according to the blockchain ledger records to ensure that the balance of each anchor point is consistent with the actual balance of the entity.

"Transaction volume estimation" means that the system predicts the transaction volume for a period of time in the future based on historical data or other prediction models. Accurate transaction volume estimation helps the system prepare resources in advance and improve transaction processing efficiency.

"Settlement cycle" refers to the fixed time interval for balance settlement in the blockchain system, such as every day, every three days or every week. After each settlement cycle, the system will perform a "water level recovery" operation on the balance on each anchor point.

Thesis title

Explain the advantages and disadvantages of the blockchain balance management system compared to the traditional centralized balance management system.

Discuss the advantages and disadvantages of different "water level recovery" strategies in the blockchain balance management system and analyze their applicable scenarios.

Design a transaction volume estimation model based on machine learning and analyze its application value in the blockchain balance management system.

Explore the application prospects and challenges of the blockchain balance management system in the field of cross-border payments.

Analyze the potential and risks of blockchain technology in building a more secure, efficient and transparent financial infrastructure.

Key Glossary

Term DefinitionsBlockchain anchorsA blockchain node used to store and manage the balances of specific entitiesBlockchain balance management systemA balance management system built on blockchain technology, used to record, track and manage the asset balances of entities in the blockchain networkBreakdown contract operationsWhen the balance of an entity on an anchor point falls below a preset threshold, the system automatically executes a contract operation to restore the balance to a preset levelPreset change amountThe system triggers a balance change range threshold based on historical transaction data or a forecasting modelThe balance critical value of the balance adjustment contract operationTransaction routing systemFinds the optimal path to complete the transfer of funds between the two parties to the transaction based on the balance status and trust relationship of each nodeCompliance check systemPerforms compliance review such as identity verification and risk assessment on both parties before the transaction is executedWater level recoveryAfter the settlement cycle ends, the system checks the balance of the blockchain ledger Records the adjustment of the balances on each anchor point to ensure that the balances on each anchor point are consistent with the actual balances of the entity Settlement cycle Fixed time intervals for balance settlement in a blockchain system Transaction volume estimation system predicts the transaction volume for a period of time in the future based on historical data or forecasting models Smart contract A piece of code stored on the blockchain that is automatically executed when pre-defined conditions are triggered Distributed ledger A database that is shared and synchronized across multiple nodes, where all participants can access and verify data Consensus mechanism An algorithm used in a blockchain network to ensure that all nodes reach a consensus on transaction data Cryptocurrency A digital or virtual currency that uses cryptographic principles to ensure transaction security and control currency creation Decentralization refers to the transfer of power and control from a central authority to multiple nodes in the network Immutability refers to the inability to change or delete data on the blockchain once it is recorded Note: