Blockchain

FAQ

What is the relationship between blockchain and Bitcoin?

Bitcoin is the first successful application of blockchain technology, but blockchain itself is an underlying technology that extends far beyond cryptocurrencies. Blockchain can be used in any scenario requiring decentralized trust, such as supply chain management, digital identity, smart contracts, and more. Bitcoin is merely one instance of blockchain in the financial sector.

Is blockchain data truly immutable?

In theory, once blockchain data is confirmed by multiple nodes and added to the chain, it becomes extremely difficult to tamper with. This is because modifying a block requires simultaneously altering all subsequent blocks and controlling over 51% of the network's computing power or stake, which comes at a very high cost. However, in practice, if an attacker possesses sufficient resources (e.g., a 51% attack), tampering is still possible. For mainstream public chains (such as Bitcoin and Ethereum), such an attack is nearly infeasible. The immutability of private chains or consortium chains depends on the consensus mechanism and the number of nodes.

What are the main types of blockchain?

Blockchain is primarily divided into three types: public chains (e.g., Bitcoin, Ethereum), where anyone can participate in verification and bookkeeping, achieving full decentralization; private chains, controlled by a single organization, where nodes require authorization to join, suitable for internal enterprise use; and consortium chains, jointly managed by multiple organizations, where nodes require authorization, balancing efficiency and trust, commonly used in supply chains, finance, and other fields.

What is a smart contract?

A smart contract is an automatically executing program deployed on the blockchain. When preset conditions are met, the contract automatically executes corresponding actions (such as transferring funds or releasing assets). It requires no third-party intermediary, and the execution results are immutable. Smart contracts are a core component of blockchain for implementing decentralized applications (DApps), widely used in scenarios such as DeFi, NFTs, and supply chain automation.

How does Mangxu Software apply blockchain technology?

Mangxu Software integrates blockchain technology into the "Mother Kong Food·Digital Ecological Strategy Panoramic Solution" for food traceability, data notarization, and trusted sharing. Leveraging blockchain's immutability, it ensures that the entire chain of food data from production to sale is authentic and reliable, enhancing consumer trust and brand value.