Bitcoin in the age of entrepreneurship

1.

bitcoin has opened the era of blockchain 1.0, which is characterized by providing a different way of thinking for value transfer, that is, value transfer no longer depends on centralized institutions such as banks. During this period, as more and more people were familiar with bitcoin, many people began to learn from the idea of bitcoin, so a large number of counterfeit coins appeared

the reason why these counterfeit coins are called "counterfeit coins" is that their source code is similar to that of bitcoin, and there is no substantive breakthrough. They also have the shortcomings of bitcoin, and there is no breakthrough improvement. However, people do not have the problem of bitcoin. Many people in the bitcoin community hope to solve these problems through a variety of technical means, so as to make the bitcoin system perfect

Among them, there is a Russian teenager named vitalik buterin, who is also eager to make up for the shortcomings of bitcoin system as soon as possible

first, you play games in a lively way, while others play games as gatekeepers

when he was 13 years old, he was a typical Internet addict, addicted to world of Warcraft. One day, the game company of world of Warcraft suddenly cancelled his favorite warlock "life siphon" skill. He was very angry and contacted the company many times to restore the skill. However, the game company did not agree

as a result, Butlin began to reflect that in Internet games, players, as participants, are actually very weak. The strong ones are game developers, who are the center of a game. Has the final say that the game player has no say what the developers want to do, and can only choose to accept or leave passively. p>

Butlin realized the disadvantages of centralization through "world of Warcraft", so he began to look for ways to break the centralization. Butlin realized bitcoin from his father, a programmer, and became so interested that he decided to give up the aura of a famous university and drop out of the University of Waterloo to travel around the world to exchange and learn with blockchain enthusiasts all over the world

at that time, bitcoin enthusiasts were going all out to add more functionality to bitcoin and build bitcoin 2.0. But Butlin believes that the establishment of a new programming language is bitcoin's top priority. So, at the age of 19, Butlin wrote a new white paper, which is the rudiment of Ethereum white paper. Butlin mentioned in the white paper

: he hopes to create a variety of applications based on the common programming language, such as social networking, trading, games... These ideas have been strongly echoed by the bitcoin community, and more and more people have joined in the design of Ethereum. Finally, this project was named "Ethereum" by Butlin, because "Ethereum" is a kind of material that has not been confirmed under scientific theory, implying Butlin's expectation for the project

in June 2015, Ethereum officially released

in the next two years, Ethereum's cryptocurrency "Ethereum" became the most popular digital asset after bitcoin. The price of Ethereum increased 85 times in 2017, and more than 20 global top financial institutions and technology companies, such as JPMorgan Chase, Chicago Board of exchange, Microsoft, Intel and Accenture, established the enterprise Ethereum alliance, Butlin has become a blockchain God "V God" from a young boy

2. The great potential of Ethereum to activate blockchain

the emergence of Ethereum has activated the great potential behind blockchain. Why do you say that

the breakthrough of Ethereum is that it not only upgrades the blockchain to an operating system, so that you can develop an application chain on this basis, but also allows you to publish your own tokens in a very simple way

different from bitcoin's preset trading system operation, Ethereum is a programmable blockchain:

Ethereum allows users to create their own operations that meet their needs and have different degrees of complexity. In this sense, Ethereum is a platform. This "platform" has built a relatively complete "system", which is a bit similar to Android and apple. Application developers can develop various applications on this system

this setting makes Ethereum break through the single "monetary function" of bitcoin, and expand the application scenarios of blockchain technology to all aspects. Now, for example, we can do a lot of things through mobile app: paying fees, ordering meals, taking a taxi, shopping and so on. Similarly, developers can develop DAPP (blockchain application) on Ethereum. In the future, you can use DAPP to replace app, paying fees, ordering meals, taking a taxi, shopping and so on. Ethereum gives us these beautiful visions

Thirdly, the consensus mechanism of Ethereum is different from that of bitcoin. As we mentioned earlier, bitcoin decides its bookkeeping rights through the consensus mechanism of pow. Although the security index of pow is high, the energy consumption and cost of mining are huge, and the transaction processing speed is still very slow. Therefore, Ethereum further enriched the technology of bitcoin and proposed a new mining mechanism, namely, proof of interest (POS)

The "proof of equity" proposed by Ethereum is similar to the shareholder mechanism. The more shares people have, the easier they are to obtain the bookkeeping right. It is a system of interest distribution according to the amount and time of holding money. The core logic of POS mechanism is: who holds the currency, who has the control of the network. It should be noted that in the POS mechanism, there is still computing power mining, which needs to solve a mathematical problem. However, the difficulty of the mathematical problem is related to the "age" of the coin holder. The longer the coin holder holds the coin, the easier the difficulty will be, and the greater the probability of digging the coin

Fourthly, the controversial ICO

Ethereum is an open source system, similar to the current Android and apple systems. Developers can develop various applications on it. Most of the ICO projects are based on Ethereum. If developers want to develop blockchain applications (DAPP) on Ethereum, they need to raise certain funds through ICO as operation and maintenance costs

The concept of ICO was very popular in 2017, which was once considered as the main reason for the bull market in 2017

What's the matter with ICO? ICO (initial coin offering) is a way to raise funds for digital currency / blockchain projects. Because the token has market value, it can be converted into legal currency. In this way, it can be used as the development cost of the project. And early participants can get the initial issue of digital currency in return

generally speaking, if a blockchain game company announces: we are going to issue money for private placement (ICO)! If you are particularly optimistic about this project, if you want to participate, you need to buy a certain number of Ethereum and call the wallet address of the blockchain game project party, which is equivalent to that you have participated in the crowdfunding (ICO) of the blockchain game project party. When the currency of this blockchain game company can be traded on the exchange, then they will pay you back according to certain rules

it seems that ICO in blockchain field is similar to IPO in stock field, isn't it? you 're right! In fact, ICO in the blockchain field is very similar to IPO in the stock field. Let's take a look at their general explanation:

IPO refers to an enterprise or company (limited company) selling its shares to the public for the first time

ICO refers to an enterprise or company (mostly blockchain start-ups) selling its token to the public for the first time

however, normally speaking, it is very difficult for an enterprise or company to go through the IPO process. It is very difficult to go through "BP seed round Angel round a round B round C round D pre IPO IPO IPO" without five to eight years. However, ICO in the field of blockchain can only be realized in three to eight months by "white paper - cornerstone investment - Private Placement -

- ICO - Stock Exchange"

This is also the reason why ICO is controversial. At present, many countries define ICO as an illegal act. It is not unreasonable to ban ICO, because at present, the state has no relevant supervision on this aspect, so it is very easy for the project party to illegally raise funds and circle money, which not only causes great losses to investors, but also disrupts the normal financial order

Fifthly, the most important feature of Ethereum is the introction of "smart contract". What does smart contract mean? Smart contract is to define a set of trading rules in the form of code. In our daily life, we usually sign paper contracts, and the implementation of paper contracts needs centralized institutions, that is, the court to supervise. The "smart contract" proposed by Ethereum is to realize decentralized automatic execution through program

the account called "smart contract account" will only be executed according to the code. This technology has a wide range of applications, including insurance, equity, trust and so on. It can be said that this technology can be applied to all activities that need trust

Sixth, the significance of Ethereum: it represents the blockchain 2.0 era. After the glorious period of 2017, now, in the face of bear market, some ICO projects are worried about being tired by the bear market and cash out one after another, leading to a sharp drop in the price of Ethereum. V God, the founder of Ethereum, is also deeply involved in all kinds of rumors. There are often rumors that he is going to quit Ethereum and he is running away

However, Ethereum is indeed a leap forward in blockchain technology, which represents the era of blockchain

2.0. If bitcoin represents the era of blockchain 1.0, it provides new ideas and new methods for value transfer; Then, the blockchain 2.0 era represented by Ethereum makes the commercial application of blockchain possible

2.

In China, there are some highly developed people who are not like ordinary people. They are submissive in life and earn the most basic salary. In fact, from the very beginning, they are very keen to understand current events and find business opportunities that are beneficial to them. In the end, they make their property constantly double, so they stand out from ordinary people, Become a millionaire

Today's Li Xiaolai has long been successful and has become a generation of rich people relying on his extraordinary investment vision. Now many people join in the trend of virtual currency and want to appreciate by buying and selling currencies like him. I don't know if they can have such good luck as him

3.

The hero of this story is Li Xiao, an English teacher in a middle school. In the eyes of many people, teachers are teaching knowledge on the platform. Generally, they don't pay attention to stock speculation in the market, and they don't buy financial procts. If they don't have professional financial knowledge to buy stocks, they are taking risks. Li Xiao is very special, he likes to do some exciting games since childhood

when bitcoin was just listed, people were not optimistic about this kind of virtual currency, thinking that it would close down soon and disappear in people's world

conclusion: if we want to make a fortune, we should be down-to-earth and willing to work in our work. We don't have to choose a shortcut. The people who can take the shortcut are all very capable people. As a common people, if we do our own work well, we can also be promoted and become rich. We need to understand that the wealth under the heaven is not so easy to get, we need to make great efforts

4. two thousand and nine hundred ÷ 12 = 212, 212 Raffles are needed. two hundred and twelve × 6 = 1272, a total of 1272 yuan. If you don't hit it, the number of times will increase and the money will also increase. It's better to buy one directly so as not to get poor.

5. It's Guangxi Sports Center. It's on Wuxiang Avenue. You can take Qingshan Road, cross Nanning Bridge and take a turn. You'll be there in a moment
take bus 601 in the city.

6.

In the king's glory, you need 270 diamonds for every five strokes. You can divide 270 by 5, 270 ÷ 5 = 54, which is equivalent to 54 diamonds for a single draw. However, it takes 201 lucky points for diamond to be full. Then you can use 54 times 201, 54x201 = 10854, so it takes 10854 diamonds to be full. The king's glory diamond can be operated according to the following steps

The first step is to open up the glory of the king

7. China's new financial scams may break out in a concentrated way! Now in this era, we are talking about equity investment everywhere. If we don't have any original stocks, we seem to be embarrassed to live. Everywhere "investment", "crowdfunding", "new capital", "original stock" and "dream of becoming rich" are promoted one after another, one after another, and some of them have turned into new financial scams. The numerous cases exposed by the media should be highly valued. Case 1: equity crowdfunding case: September 16, 2015: e to the untrue information provided in the crowdfunding agreement by the entrepreneur nomidor catering company: 1. The house in the agreement is inconsistent with the house actually rented; 2. The rent set by the company is much higher than that of the lot. Therefore, he was sentenced by the court to violate the law and make relevant compensation. Case 2: elimination of P2P platform stock: previous data show that in the Spring Festival every year, affected by the seasonal tightening of funds, the number of P2P problem platforms will reach a "new high", and then there will be a significant decline. However, the same curve has not been repeated this year. As of March 31, 2016, there were 2241 problem platforms (excluding Hong Kong, Macao and Taiwan) in the data center of zero one research institute, accounting for 54.2% of the total number of platforms. Among them, in March 2016, there were 67 platforms with problems, and 44 platforms lost contact and closed websites, accounting for 65.7% of the total number of problematic platforms in that month; As many as 13 platforms have closed down. Case 3: "two options" fraud: Beijing News in July: "Biwei capital" group's "Diwei two options" is suspected of fraud, the enterprise with high profits as a t, defraud investors hundreds of millions