Gongxinbao compatible with bitcoin

1.

bitcoin (BTC)

issue date: 2009

market value: US $163 billion

advantage: as the first cryptocurrency issued, bitcoin is the world's largest and most popular blockchain network and the most experienced cryptocurrency that can resist hacker attacks

disadvantage: the increasing demand brings great pressure to bitcoin network, which makes the transaction cost high. The system can only process about seven transactions per second, but its power consumption is amazing. This is mainly e to its workload proof mechanism and consensus principle, which makes mining become a labor-intensive activity

eth

release date: 2015

market value: US $70 billion

advantage: its built-in programming language allows developers to write their own smart contract computer programs running on the blockchain. So far, most of the first token sales are based on Ethereum's smart contracts

Disadvantages: Ethereum also uses the consistency protocol of workload proof, so it is relatively slow and consumes a lot of power. Many early smart contracts are vulnerable to hacker attacks, and the development of smart contract security is still immature

XRP

issue time: 2012

market value: US $32 billion

advantage: XRP claims that its XRP cryptocurrency can become the "bridge currency" of major financial institutions, and can settle cross-border payments more quickly and at lower cost. Ruibo uses a new consistency protocol, which can achieve faster transactions, faster than t-coin and Ethereum

disadvantages: as a private company, Ruibo has important control over the system, some people think that XRP is not decentralized enough, which is in contrast to bitcoin, which anyone can mine

bitcoin cash (BCH)

issue time: 2017

market value: US $19 billion

advantage: this kind of currency is a "hard fork" of bitcoin, and its founder has adjusted compared with bitcoin, so that it can handle a larger transaction volume

disadvantage: critics say bitcoin cash is too centralized - a few miners create most of the money

lightcoin (LTC)

time of issue: 2011

market value: US $10 billion

advantage: lightcoin is a kind of "alternative currency" - almost a clone of bitcoin, but there are still several differences. Lightcoin processes transactions four times faster than bitcoin, and the mining process remains open to amateurs - very different from bitcoin, because bitcoin's professional miners use expensive hardware

disadvantages: although it is faster than bitcoin, lightcoin is still too slow and consumes a lot of power. These factors make it unable to become an ideal payment method, and there is another disadvantage: it is not very famous

recommend an article: brief introction of the top 100 currencies in the market value ranking of digital currency. This article summarizes the brief introction of the top 100 currencies in the market value ranking (according to the market value ranking of coinmarket cap on July 30, 2018), hoping to be helpful to friends who have just entered the currency circle

2. If your mobile phone gets stuck, runs slowly, and sometimes doesn't respond, it is recommended that you:
1. Try to restart the device
warm tips: if the mobile phone is stuck for a long time and can't be used, don't worry. Please press and hold the power button and volume button at the same time for more than 7 seconds to restart the device
2. End the background program. If there are many background programs, it will affect the running speed of the mobile phone
3. Due to insufficient memory, please delete unnecessary files or programs
4. The third-party software is stuck. It is recommended to try to re install other channel versions
5. Try to restore the factory settings. When restoring, be sure to back up the important data in advance
if the above methods are invalid, please bring the purchase invoice, warranty card and the machine to Samsung service center, and the professional after-sales engineer will handle it for you.

3.

I think some people might give up. But on the whole, I won't give up. How far can bitcoin go? It's hard to say. There are too many unknowns. You have invested in so many costs. Although you can stop losses in time if you give up now, some small investors may give up, but it is impossible for large investors. Because stop loss can't stop that much. In addition, although bitcoin has plummeted, the confidence of the masses in it has not completely collapsed. After all, bitcoin was very brilliant at that time. After the crash, many people believe it will rebound{ RRRRR}

I feel that bitcoin has a long way to go. The future market is full of uncertainty. How can bitcoin survive and go further. We need to think it over

4. I happened to see an activity in my circle of friends, BHT's new application for bitcoin. Now the market can continue to do activities, but I just want to continue to watch the market, have an in-depth understanding, and find something very interesting. The first time I saw BHT new, I was very confused about what it was. Internet search for BHT new didn't give much detailed explanation. Instead, it was stock new. I found that this BHT new came from stock new, which is not very different from stock new operation.

5. Mining Algorithm in GXS DAPP; The first is the original pod algorithm (proof of data), & 12060; It is called data quantity proof.

6. It can be divided into three situations:
1. One is that bitcoin and RMB are traded on the trading platform. Most of the domestic platforms are free, while most of the foreign platforms are charged, generally less than 1%. This is the safest way to trade
2. For third-party secured transactions, there are special third-party institutions and indivials providing services, and they usually charge a handling charge of less than 1%. But there is a risk that it may be targeted by the government and suspected of money laundering
3. Another way is face-to-face transaction, where buyers and sellers directly trade in bitcoin and RMB, which is free of charge, and the two sides can just negotiate the price.

7. Digital currency, similar to bitcoin, but gongxinbao has an app to play as a small game. Its official website https://gxs.gxb.io/

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