Blockchain Lifecycle Management Study Guide

Blockchain Lifecycle Management Study Guide

Test Questions

What is a blockchain? What is it usually used for?

What are the core advantages of blockchain technology?

What problem does the blockchain lifecycle management method proposed in this invention attempt to solve?

What is a lifecycle trigger? Please give some examples.

What role does a carryover transaction play in a new blockchain?

What does "self-analysis" mean in blockchain lifecycle management?

How can social network analysis be used to determine when a blockchain should be shut down?

What roles can smart contracts play in blockchain lifecycle management?

Please explain the transaction flow described in Figure 2B.

In addition to the factors mentioned in the text, what other factors do you think will affect the timing of blockchain shutdown?

Answer

Blockchain is a decentralized distributed ledger used to record transaction data. It is commonly used in areas such as cryptocurrency, supply chain management, and digital identity.

The core advantages of blockchain technology include decentralization, transparency, security, and immutability.

This method attempts to solve problems such as performance degradation and storage pressure caused by excessive blockchain data volume.

Lifecycle triggers are preset conditions used to determine whether a blockchain should be shut down. Examples include the number of blockchain transactions, time lapse, expiration date, and blockchain size.

The carryover transaction records the final state of the assets on the old blockchain and acts as a pointer to the old chain in the new blockchain to maintain data continuity.

"Self-analysis" means that the blockchain system automatically determines whether it needs to close and create a new blockchain based on its own state and preset rules.

By analyzing the topic relevance and decay rate in social networks, the relevance and life cycle of transactions on the blockchain can be predicted to determine the timing of closure.

Smart contracts can be used to set life cycle triggers, perform blockchain closure operations, manage asset permissions, etc.

The transaction process includes the client submitting a transaction proposal, the endorsement node verifying and simulating transactions, the client collecting endorsements and broadcasting transactions, the sorting node sorting transactions and packaging them into blocks, and each node verifying and submitting transactions to the blockchain.

Other influencing factors include the application scenarios of blockchain, regulatory policies, and technological development.

Thesis title

Discuss the importance of blockchain life cycle management and its impact on the development of blockchain technology.

Compare and contrast different blockchain closure strategies and analyze their advantages and disadvantages.

Explore the application prospects and challenges of social network analysis in blockchain life cycle management.

Design a blockchain life cycle management system based on smart contracts and describe its architecture and functions.

Analyze the specific implementation methods and potential problems of blockchain lifecycle management in specific application scenarios (such as supply chain management, digital identity, etc.).

Glossary

Term Definition Blockchain A decentralized distributed ledger used to record transaction data. Blockchain lifecycle management manages the entire lifecycle of a blockchain from creation to closure, including data migration, permission management, security audit, etc. Lifecycle triggers Preset conditions used to trigger the closure of a blockchain and the creation of a new chain. Carryover transactions Record transactions that record the final state of assets on the old blockchain and are used to maintain data continuity in the new blockchain. Self-analyzing blockchain systems automatically determine whether to close and create new chains based on their own status and preset rules. Social network analysis uses social network data to analyze user behavior and relationships, which is used to predict the relevance and life cycle of transactions on the blockchain. Smart contract A piece of code stored on the blockchain that is used to automatically execute predefined agreement terms. Endorsement node Blockchain node responsible for verifying transactions and simulating transaction execution. Sorting node Blockchain node responsible for sorting transactions and packaging them into blocks. Authorization keys are used to control access to blockchain data. Blockchain Lifecycle Management Study Guide