Talking about bitcoin
Publish: 2021-04-24 20:49:20
1. In order to understand the technical principle of bitcoin, we need to understand two important cryptographic techniques: hash code: it converts a long string into a fixed length string, and its conversion is irreversible, that is, it is impossible to guess the original string from hash code. Sha256 is mainly used in bitcoin protocol
public key system: corresponds to a public key and a private key, keeps the private key in the application and publishes the public key. When Party A transmits information to Party B, it can use Party A's private key to encrypt the information, and Party B can use Party A's public key to decrypt the information, so as to ensure that the third party cannot impersonate Party A to send the information; At the same time, when Party A transmits information to Party B, it is encrypted with Party B's public key and sent to Party B, and then Party B decrypts it with his own private key, so as to ensure that the third party cannot eavesdrop on the communication between the two people. RSA is the most common public key system, but the lliptic curve digital signature algorithm is used in bitcoin protocol. What's the difference between cash and bank account? Bitcoin is an electronic currency in BTC. In this article, it is also used to refer to the whole bitcoin system. Like opening an account in a bank, the corresponding concept in bitcoin is address. Everyone can have one or more bitcoin addresses, which are used to pay and collect money. Each address is a string that starts with 1. For example, I have two bitcoin accounts, and. A bitcoin account is uniquely determined by a pair of public key and private key. To save the account, you only need to save the private key file. Unlike bank accounts, banks keep all transaction records and maintain the book balance of each account, while bitcoin's transaction records are jointly maintained by the whole P2P network through a pre agreed protocol. How much money is in my account address? Although the current account balance can be seen by bitcoin software, unlike banks, there is no place to maintain the book balance of each address. It can only calculate the account balance in real time through all historical transactions. How do I pay? When I pay from address a to address B of the other party, the payment amount is e. at this time, both parties will announce the transaction information to each network node, telling address a to pay to address B, and the payment amount is e. In order to prevent the third party from forging the transaction information, the transaction information will be encrypted with the private key of address A. at this time, the network node receiving the transaction information can use the public key of address a to verify that the transaction information is indeed sent by address a. Of course, trading software will help us do these things, we just need to input the relevant parameters in the software. What will the network node do after receiving the transaction information? This is the most important part of the bitcoin system, which needs to be elaborated. For the sake of simplicity, only bitcoin protocol has been implemented. In the current version, each network node will save all transaction information synchronously. There are two kinds of transaction information in history, one is & quot; Verified & quot; The transaction information, that is, the verified transaction information, is stored in a series of "blocks". Each & quot; block" Is the previous & quot; bock" The ID of each block is the hash code of the hash code of the block and the new transaction information (see an actual block). The other category refers to those who also & quot; Unverified & quot; The transaction information just paid above belongs to this category. When a network node receives new unverified transaction information (possibly more than one), it can calculate the book balance of each address at that time because the node keeps all the transaction information in history, so it can calculate whether the transaction information is valid, that is, whether there is enough balance in the payment account. After eliminating the invalid transaction information, it first takes out the last & quot; block" Then, the unverified transaction information is combined with the ID, and a verification code is added to form a new "block". It needs a lot of calculation to build a new block, because it needs to calculate the verification code, so that the above combination becomes a block, that is, the first several bits of the hash code of the block are 1. At present, the first 13 bits need to be 1 (generally, the specific method is uncertain), which means that if the block is generated by enumeration method, the average number of enumerations is 16 ^ 13. Using CPU resources to generate a block is called "gold mining", because the proction of the block will get a certain reward, and the reward information has been included in the block. When a network node generates a new block, it will broadcast to other network nodes. However, this network block may not be accepted by the network, because it is possible that other network nodes have proced the block earlier. Only the earliest block or the block with the largest number of subsequent blocks is valid, and the remaining blocks are no longer used as the initial blocks of the next block. How does the other party confirm that the payment is successful? When the payment information is distributed to the network node, the network node begins to calculate whether the transaction is valid (that is, whether the account balance is enough to pay), and attempts to generate blocks containing the transaction information. When six blocks (one direct block and five subsequent blocks) contain the transaction information, the transaction information is considered "verified", so that the transaction is formally confirmed, and the other party can confirm the successful payment. A possible problem is that I will pay the balance of address a to address B, and at the same time pay to address C. If I only verify that the single comparison transaction is valid. At this point, my way of cheating is to generate six blocks including B to B and six blocks including C to C before the truth is revealed. Because I need a very long CPU time to generate a block, compared with the whole network, the probability of my cheating success is very small. What is the motivation of network nodes to proce blocks? As can be seen from the above description, in order to make the transaction information effective, the network node needs to generate 1 and 5 subsequent blocks to contain the transaction information, and such block generation is very CPU intensive. How to let other network nodes help to proce blocks as soon as possible? The answer is very simple. The agreement stipulates that BTC will be rewarded for the address where the block is proced, as well as the Commission promised by both parties. At present, the reward for procing a block is 50btc, which will be halved every four years in the future. For example, the reward will be 25btc from 2013 to 2016. Is the transaction anonymous? Yes, and No. All bitcoin transactions are visible. We can check all transaction records of each account, such as mine. But what's different from the banking monetary system is that everyone's account itself is anonymous, and everyone can open many accounts. In general, anonymity is not as good as it claims. But bitcoin has another advantage in doing black market trading: it can't be frozen. Even if the police trace a bitcoin address, there is nothing they can do unless they trace the computer used by the exchange based on the Internet address. How to ensure that bitcoin does not depreciate? Generally speaking, in the case of equivalent trading activities, the value of money is inversely proportional to the amount of money issued. Unlike the traditional money market, the central bank can determine the amount of money issued. Bitcoin does not have a central issuing institution. Only by procing blocks can we get a certain amount of BTC currency. Therefore, bitcoin's new amount of money depends on: 1. The speed of procing blocks: bitcoin's agreement stipulates that the difficulty of procing blocks is fixed at an average of 2016 every two weeks, about 10 minutes. Moore's law of doubling CPU speed every 18 months will not speed up the proction of block. 2. The number of rewards for block proction: at present, 50 BTC is awarded for each block proced, which is halved every four years. In 2013, 25 BTC is awarded, and in 2017, 12.5 BTC is awarded. Considering the above two factors, bitcoin's currency issuing speed is not controlled by any single node in the network. Its protocol makes the currency stock known in advance, and the maximum stock is only 21 million BTC
public key system: corresponds to a public key and a private key, keeps the private key in the application and publishes the public key. When Party A transmits information to Party B, it can use Party A's private key to encrypt the information, and Party B can use Party A's public key to decrypt the information, so as to ensure that the third party cannot impersonate Party A to send the information; At the same time, when Party A transmits information to Party B, it is encrypted with Party B's public key and sent to Party B, and then Party B decrypts it with his own private key, so as to ensure that the third party cannot eavesdrop on the communication between the two people. RSA is the most common public key system, but the lliptic curve digital signature algorithm is used in bitcoin protocol. What's the difference between cash and bank account? Bitcoin is an electronic currency in BTC. In this article, it is also used to refer to the whole bitcoin system. Like opening an account in a bank, the corresponding concept in bitcoin is address. Everyone can have one or more bitcoin addresses, which are used to pay and collect money. Each address is a string that starts with 1. For example, I have two bitcoin accounts, and. A bitcoin account is uniquely determined by a pair of public key and private key. To save the account, you only need to save the private key file. Unlike bank accounts, banks keep all transaction records and maintain the book balance of each account, while bitcoin's transaction records are jointly maintained by the whole P2P network through a pre agreed protocol. How much money is in my account address? Although the current account balance can be seen by bitcoin software, unlike banks, there is no place to maintain the book balance of each address. It can only calculate the account balance in real time through all historical transactions. How do I pay? When I pay from address a to address B of the other party, the payment amount is e. at this time, both parties will announce the transaction information to each network node, telling address a to pay to address B, and the payment amount is e. In order to prevent the third party from forging the transaction information, the transaction information will be encrypted with the private key of address A. at this time, the network node receiving the transaction information can use the public key of address a to verify that the transaction information is indeed sent by address a. Of course, trading software will help us do these things, we just need to input the relevant parameters in the software. What will the network node do after receiving the transaction information? This is the most important part of the bitcoin system, which needs to be elaborated. For the sake of simplicity, only bitcoin protocol has been implemented. In the current version, each network node will save all transaction information synchronously. There are two kinds of transaction information in history, one is & quot; Verified & quot; The transaction information, that is, the verified transaction information, is stored in a series of "blocks". Each & quot; block" Is the previous & quot; bock" The ID of each block is the hash code of the hash code of the block and the new transaction information (see an actual block). The other category refers to those who also & quot; Unverified & quot; The transaction information just paid above belongs to this category. When a network node receives new unverified transaction information (possibly more than one), it can calculate the book balance of each address at that time because the node keeps all the transaction information in history, so it can calculate whether the transaction information is valid, that is, whether there is enough balance in the payment account. After eliminating the invalid transaction information, it first takes out the last & quot; block" Then, the unverified transaction information is combined with the ID, and a verification code is added to form a new "block". It needs a lot of calculation to build a new block, because it needs to calculate the verification code, so that the above combination becomes a block, that is, the first several bits of the hash code of the block are 1. At present, the first 13 bits need to be 1 (generally, the specific method is uncertain), which means that if the block is generated by enumeration method, the average number of enumerations is 16 ^ 13. Using CPU resources to generate a block is called "gold mining", because the proction of the block will get a certain reward, and the reward information has been included in the block. When a network node generates a new block, it will broadcast to other network nodes. However, this network block may not be accepted by the network, because it is possible that other network nodes have proced the block earlier. Only the earliest block or the block with the largest number of subsequent blocks is valid, and the remaining blocks are no longer used as the initial blocks of the next block. How does the other party confirm that the payment is successful? When the payment information is distributed to the network node, the network node begins to calculate whether the transaction is valid (that is, whether the account balance is enough to pay), and attempts to generate blocks containing the transaction information. When six blocks (one direct block and five subsequent blocks) contain the transaction information, the transaction information is considered "verified", so that the transaction is formally confirmed, and the other party can confirm the successful payment. A possible problem is that I will pay the balance of address a to address B, and at the same time pay to address C. If I only verify that the single comparison transaction is valid. At this point, my way of cheating is to generate six blocks including B to B and six blocks including C to C before the truth is revealed. Because I need a very long CPU time to generate a block, compared with the whole network, the probability of my cheating success is very small. What is the motivation of network nodes to proce blocks? As can be seen from the above description, in order to make the transaction information effective, the network node needs to generate 1 and 5 subsequent blocks to contain the transaction information, and such block generation is very CPU intensive. How to let other network nodes help to proce blocks as soon as possible? The answer is very simple. The agreement stipulates that BTC will be rewarded for the address where the block is proced, as well as the Commission promised by both parties. At present, the reward for procing a block is 50btc, which will be halved every four years in the future. For example, the reward will be 25btc from 2013 to 2016. Is the transaction anonymous? Yes, and No. All bitcoin transactions are visible. We can check all transaction records of each account, such as mine. But what's different from the banking monetary system is that everyone's account itself is anonymous, and everyone can open many accounts. In general, anonymity is not as good as it claims. But bitcoin has another advantage in doing black market trading: it can't be frozen. Even if the police trace a bitcoin address, there is nothing they can do unless they trace the computer used by the exchange based on the Internet address. How to ensure that bitcoin does not depreciate? Generally speaking, in the case of equivalent trading activities, the value of money is inversely proportional to the amount of money issued. Unlike the traditional money market, the central bank can determine the amount of money issued. Bitcoin does not have a central issuing institution. Only by procing blocks can we get a certain amount of BTC currency. Therefore, bitcoin's new amount of money depends on: 1. The speed of procing blocks: bitcoin's agreement stipulates that the difficulty of procing blocks is fixed at an average of 2016 every two weeks, about 10 minutes. Moore's law of doubling CPU speed every 18 months will not speed up the proction of block. 2. The number of rewards for block proction: at present, 50 BTC is awarded for each block proced, which is halved every four years. In 2013, 25 BTC is awarded, and in 2017, 12.5 BTC is awarded. Considering the above two factors, bitcoin's currency issuing speed is not controlled by any single node in the network. Its protocol makes the currency stock known in advance, and the maximum stock is only 21 million BTC
2. Users can buy bitcoin, and at the same time, they can use computers to do a lot of calculations according to the algorithm to "mine" bitcoin. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins. Due to the decentralized programming of the bitcoin system, only 25 bitcoins can be obtained every 10 minutes. By 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes
warm tips:
1. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
3. The above explanation is for reference only. Investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: February 5, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
warm tips:
1. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
3. The above explanation is for reference only. Investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: February 5, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
3. First, bitcoin is not issued by the monetary authority. It does not have the monetary attributes of legal compensation and compulsion. It is not a real currency. Here, we have to compare the properties of bitcoin and currency. Take bitcoin as an example, it belongs to a virtual asset of the network, and there is no specific issuing institution, while bitcoin is calculated by network nodes. In contrast, money is a commodity separated from commodities and fixed as a general equivalent. As a result, bitcoin cannot replace traditional currency. Today, management has made it clear that bitcoin is not a real currency, that is, it denies the currency status of bitcoin. Second, bitcoin websites should earnestly fulfill the legal anti money laundering obligations such as customer identification and suspicious transaction reporting, and effectively prevent the money laundering risks related to bitcoin. As a virtual asset of network, bitcoin has an unpredictable regulatory risk. Due to the anonymity and decentralization of the ownership and circulation of bitcoin, it is difficult to guess the regulatory risk of bitcoin. With the significant improvement of bitcoin's global influence, it has graally become a place for some criminals to commit money laundering and other violations. Undeniably, this also provides an effective way to deal with the regulatory loopholes of bitcoin. Third, all financial institutions and Payment institutions are not allowed to carry out business related to bitcoin, price procts or services with bitcoin, buy or sell bitcoin or act as central counterparties. In essence, the management prevents a series of unpredictable problems by blocking the bitcoin related business of financial institutions. Of course, this move is to a greater extent considered from the perspective of national strategy.
4. What's the matter? Bitcoin needs the computing power of high-performance graphics card. It costs a lot of electricity to run. And the transaction is very troublesome. Let's make it realistic
5. Bitcoin system mainly uses hash algorithm and asymmetric encryption algorithm in cryptography to ensure the security of the transaction: on the premise of the transaction information being open in the whole network, the one-way property of hash algorithm protects the privacy information of both sides of the transaction; Asymmetric encryption algorithm can ensure that your bitcoin will not be transferred to other people's pocket ring the transaction< In theory, these cryptography principles can guarantee the realization of bitcoin's basic functions as a "decentralized currency", but it has some problems:
the first problem is system security:
we say that in the world of bitcoin, all information is expressed in the form of code through hash operation
then, where there is code, there must be loopholes, which give hackers an opportunity to take advantage of
as early as 2010, shortly after the emergence of bitcoin, a hacker took advantage of the vulnerability of bitcoin's core software to create hundreds of billions of bitcoins. It's like a person mastering the banknote printing machine. It's terrible. Or, hackers directly hack into our computers and steal our private keys, which will also cause us heavy losses
the second problem is that the transaction processing speed is too slow:
in the bitcoin system, there are up to seven transactions per second, which obviously can not meet the normal transaction requirements. We need to know that Alipay, Taobao and WeChat can handle hundreds of thousands or even millions of transactions every second. A deal can only be processed in 1-2 seconds. If bitcoin is used for daily money, then we will pay 1-2 yuan to handle it successfully.
the third problem is that bitcoin mining consumes too much power: Mining requires professional mining machines, which have high computing power, but consume a huge amount of power. Moreover, according to the current market, it is difficult to recover the cost of buying a mining machine for a year. Therefore, some people doubt: what is the significance of consuming so much power to maintain a system with such slow trading speed
the fourth problem is the regulatory attitude:
at present, the attitude of various countries towards bitcoin is very polarized: the supporting countries and retail stores accept bitcoin for payment, and there are also bitcoin ATMs; Countries that don't support it will crack down on it
to sum up, if bitcoin is measured by a monetary system, it must have various shortcomings. However, we can not deny the brilliance of bitcoin: bitcoin represents not only a new set of "decentralized" currency system, but also the origin of blockchain technology and a new ideology, which has far-reaching influence
from the perspective of bitcoin's own function currency:
bitcoin is the largest digital currency so far. It is an important application in the era of blockchain 1.0 and the first application of blockchain. Under the premise of decentralization, bitcoin realizes the functions of digital currency in the stages of issuance, payment and circulation, which is a new means of payment
from the perspective of bitcoin's underlying technology, blockchain:
with the increasing attention of bitcoin, blockchain, as its underlying technology, is becoming more and more well known by the public. Blockchain has graally separated from digital currency and penetrated into many commercial fields. Different instries hope to apply bitcoin Technology to our real life, Through a variety of application scenarios, let us get a better experience
from the perspective of bitcoin ideology:
it has set off a great ideological storm. The "decentralization" and consensus mechanism of bitcoin is a new ideology in the current centralized society. Throughout history, whether the Renaissance or the enlightenment, these are all ideological changes under specific historical conditions. The popularization of these new ideas and new consciousness will take a long time to be accepted by all. In terms of the influence of bitcoin:
digital currency has been accepted and recognized by some national markets, resulting in a large number of digital currency trading platforms and the emergence of a large number of counterfeit currencies. These counterfeit currencies have further evolved into a new financing mode, writing the myth of sudden wealth, which has also led to the proliferation of cheating under the banner of digital currency, such as air currency and pyramid selling currency
in short, bitcoin has outlined a grand blueprint, that is, the currency in the future will no longer depend on the release of central banks, but on the global currency unification. However, from the current situation, the blockchain 1.0 era, represented by bitcoin, only meets the basic functions of digital currency and cannot be popularized to other instries
however, in a word, bitcoin: there are shortcomings in the United States and China, and it is hard to cover up the edge.
the first problem is system security:
we say that in the world of bitcoin, all information is expressed in the form of code through hash operation
then, where there is code, there must be loopholes, which give hackers an opportunity to take advantage of
as early as 2010, shortly after the emergence of bitcoin, a hacker took advantage of the vulnerability of bitcoin's core software to create hundreds of billions of bitcoins. It's like a person mastering the banknote printing machine. It's terrible. Or, hackers directly hack into our computers and steal our private keys, which will also cause us heavy losses
the second problem is that the transaction processing speed is too slow:
in the bitcoin system, there are up to seven transactions per second, which obviously can not meet the normal transaction requirements. We need to know that Alipay, Taobao and WeChat can handle hundreds of thousands or even millions of transactions every second. A deal can only be processed in 1-2 seconds. If bitcoin is used for daily money, then we will pay 1-2 yuan to handle it successfully.
the third problem is that bitcoin mining consumes too much power: Mining requires professional mining machines, which have high computing power, but consume a huge amount of power. Moreover, according to the current market, it is difficult to recover the cost of buying a mining machine for a year. Therefore, some people doubt: what is the significance of consuming so much power to maintain a system with such slow trading speed
the fourth problem is the regulatory attitude:
at present, the attitude of various countries towards bitcoin is very polarized: the supporting countries and retail stores accept bitcoin for payment, and there are also bitcoin ATMs; Countries that don't support it will crack down on it
to sum up, if bitcoin is measured by a monetary system, it must have various shortcomings. However, we can not deny the brilliance of bitcoin: bitcoin represents not only a new set of "decentralized" currency system, but also the origin of blockchain technology and a new ideology, which has far-reaching influence
from the perspective of bitcoin's own function currency:
bitcoin is the largest digital currency so far. It is an important application in the era of blockchain 1.0 and the first application of blockchain. Under the premise of decentralization, bitcoin realizes the functions of digital currency in the stages of issuance, payment and circulation, which is a new means of payment
from the perspective of bitcoin's underlying technology, blockchain:
with the increasing attention of bitcoin, blockchain, as its underlying technology, is becoming more and more well known by the public. Blockchain has graally separated from digital currency and penetrated into many commercial fields. Different instries hope to apply bitcoin Technology to our real life, Through a variety of application scenarios, let us get a better experience
from the perspective of bitcoin ideology:
it has set off a great ideological storm. The "decentralization" and consensus mechanism of bitcoin is a new ideology in the current centralized society. Throughout history, whether the Renaissance or the enlightenment, these are all ideological changes under specific historical conditions. The popularization of these new ideas and new consciousness will take a long time to be accepted by all. In terms of the influence of bitcoin:
digital currency has been accepted and recognized by some national markets, resulting in a large number of digital currency trading platforms and the emergence of a large number of counterfeit currencies. These counterfeit currencies have further evolved into a new financing mode, writing the myth of sudden wealth, which has also led to the proliferation of cheating under the banner of digital currency, such as air currency and pyramid selling currency
in short, bitcoin has outlined a grand blueprint, that is, the currency in the future will no longer depend on the release of central banks, but on the global currency unification. However, from the current situation, the blockchain 1.0 era, represented by bitcoin, only meets the basic functions of digital currency and cannot be popularized to other instries
however, in a word, bitcoin: there are shortcomings in the United States and China, and it is hard to cover up the edge.
6. WCG
full name of the event: World Cyber Games
full name of Chinese: World E-sports
total bonus: US $400000
WCG is held once a year. Since 2001, WCG competition has become the pioneer of digital entertainment culture, known as the Olympic Games of E-sports world. WCG is the first game culture festival with the largest scale in the world. With the slogan of "beyond the game" and the goal of promoting the global development of e-sports, the competition aims to promote people's communication, interaction and exchange in the Internet age and promote the harmony and happiness of human life. The organizers of WCG position it as a global E-sports Olympic Games. It is an E-sports games organized in the form of Olympic Games. It undertakes the responsibility of communicating with the world's top E-sports athletes, concting international exchanges, and becoming the pioneer of new sports forms. After several successful WCG competitions, Samsung Electronics cup WCG world E-sports competition has been recognized and supported in China<
Weg
full name of the event: World E-sports games
Chinese Name: World E-sports League
total bonus: US $400000
Weg is a top league created by South Korea in 2005. Ongamenet, the most professional game TV media in South Korea, is the host of the game. The whole game is exclusively broadcast by Ongamenet. It plans to build Weg into the most formal professional E-sports League in the world in 2005. On this premise, the year is divided into four seasons, and finally the champions of each season are gathered for the world championship. There is no doubt that Weg is the most powerful event in 2005 to impact the traditional three major events (CPL, ESWC and WCG).
full name of the event: World Cyber Games
full name of Chinese: World E-sports
total bonus: US $400000
WCG is held once a year. Since 2001, WCG competition has become the pioneer of digital entertainment culture, known as the Olympic Games of E-sports world. WCG is the first game culture festival with the largest scale in the world. With the slogan of "beyond the game" and the goal of promoting the global development of e-sports, the competition aims to promote people's communication, interaction and exchange in the Internet age and promote the harmony and happiness of human life. The organizers of WCG position it as a global E-sports Olympic Games. It is an E-sports games organized in the form of Olympic Games. It undertakes the responsibility of communicating with the world's top E-sports athletes, concting international exchanges, and becoming the pioneer of new sports forms. After several successful WCG competitions, Samsung Electronics cup WCG world E-sports competition has been recognized and supported in China<
Weg
full name of the event: World E-sports games
Chinese Name: World E-sports League
total bonus: US $400000
Weg is a top league created by South Korea in 2005. Ongamenet, the most professional game TV media in South Korea, is the host of the game. The whole game is exclusively broadcast by Ongamenet. It plans to build Weg into the most formal professional E-sports League in the world in 2005. On this premise, the year is divided into four seasons, and finally the champions of each season are gathered for the world championship. There is no doubt that Weg is the most powerful event in 2005 to impact the traditional three major events (CPL, ESWC and WCG).
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