Why should blockchain projects produce tokens

1. I've learned about this TTC project and participated in the activities. The main network of this project just launched this year is also making wallets. It's building their own TTC ecology, payment, social networking, advertising and so on. It's a big game of chess

I understand that their ecological goal is

master-slave chain structure
the main chain is used for asset trading, with high security requirements; The slave chain is used for data transaction with fast speed

payment solution
the solution for TTC asset transfer. By accessing the TTC payment SDK, anyone can take TTC as a new payment method

win-win ecosystem
TTC is committed to building a stable ecosystem for super nodes, voting users, DAPP developers, users, users, etc Businesses provide value

TTC connect
TTC connect builds a bridge between users and TTC, users can transfer assets, reward synchronization, vote for super nodes, pay with TTC, etc.

TTC is a blockchain solution for large transaction volume and a sustainable token economy model. In foreign well-known market website coinmarketcap and domestic well-known market website non small can query<

TTC is developing rapidly. In March this year, TTC released version 2 of TTC white paper, launched TTC main network and launched TTC connect. In addition, TTC has already been online in major exchanges, such as upbit, the largest exchange in South Korea, coinzest, tokocrypto, bitrex, bibox and bitforex

consensus mechanism is the core of blockchain. After decades of development, consensus mechanism has derived a variety of consensus algorithms from the initial single workload proof pow, such as asset proof mechanism POS, proxy asset proof mechanism dpos, Byzantine fault-tolerant algorithm BFT and so on. Each consensus algorithm has its own advantages and disadvantages. TTC platform is designed to deal with large-scale transactions and support rapid verification. It uses multi-layer bft-dpos as the consensus mechanism

multilayer BFT dpos is a consensus algorithm based on dpos, and a series of super nodes generate blocks on behalf of all users, which improves the speed of transaction confirmation through BFT mechanism

this is the most I know, many of them are seen on the website, I hope it can help you;

2. Blockchain is an emerging instry, which has been highly valued by all countries. It is called the fourth instrial revolution and will have an immeasurable impact on society. Blockchain is the literal translation of block and chain. Each block stores the transaction data within a specified time, and forms a non tamperable, all staff shared distributed ledger through cryptography
digital currency and virtual currency are actually different names. They are tokens issued based on blockchain technology. Behind them are a series of computer-generated complex codes. At present, there are thousands of digital currencies in the market. The safest and most powerful digital currency is bitcoin
digital currency is also a high-risk and high return investment proct, through appropriate investment strategies, you can get rich returns. If you have spare money, you might as well put some of it into the digital currency. There will be unexpected surprises.

3. We know that the state has always advocated "no money" blockchain. That is to say, don't use the chain&# 8204;&# 8204;&# 8204; Currency, support technology development, do not support issuing currency

of course, the coin here is what we often call token, which originally means token (temporary) in computer identity authentication. With the popularity of blockchain and digital currency, people have a variety of translations for token, including token, integral, certificate, logo, indicator, etc

the understanding of token in the market can be divided into two categories

in the first category, 99% of the people think token means token, because 99.9% of the projects do the same thing. Set up a foundation, build a website, write a white paper, and then go to ICO. Because most of the projects are still in the conceptual stage, token itself has no other meaning except trading, so people call it token, which performs the function of currency to some extent

in the second category, professionals and institutions are more willing to translate token into proof of equity, or token. For example, a person's identity certificate, academic certificate, equity, bonds, points, bills, etc., are authentic and tamperable because of the proof of rights and interests. Every proof of interest becomes more secure and reliable through the protection of cryptography

therefore, blockchain is not only a technology, but also a new mode of proction and organization, even a new thinking

so, the question now is, does the blockchain project have to issue currency

answer: you may not issue currency. Not all blockchain projects need to be issued with currency, and it is not necessarily blockchain projects that issue currency

for example, the alliance chain does not need to issue coins. For example, Tencent's q-coin, in principle, is also a kind of currency, but it is not a blockchain project

therefore, the two are not related, but if they are public chains, they need to issue coins. Why

let's take bitcoin as an example. Bitcoin system as a public chain must rely on the existence of bitcoin. Public chain obtains the stability and non tamperability of its system through the nodes distributed all over the world, and these properties are the basis for the existence of public chain

imagine that if the bitcoin system is unstable or can be easily tampered with, bitcoin will be worthless. These nodes are not set up by one or several companies, otherwise they are equivalent to private chain or alliance chain. These nodes must be built dynamically by many participants. And the existence of these nodes must need some kind of incentive, otherwise why do the builders of these nodes want to participate in your system. And this kind of incentive must be integrated with the blockchain system, and it must be money

then why is it currency, not legal currency, such as RMB, as an incentive

if RMB is used as incentive, because RMB should be stored in the RMB account, and the account itself is centralized, so it's easy to be controlled. Just think about why domestic bitcoin exchanges are so afraid of the central bank, and they are afraid of being weaned. In addition, RMB can't react with smart contracts within the blockchain

the electronic currency issued by the central bank can not be used as the original currency and incentive of a blockchain system. Why

if the central bank or a rich person wants to destroy a project, they just need to take out enough e-money to do enough nodes and attack 51%. Therefore, it is impossible to use the e-money issued by the central bank as the original currency and incentive blockchain system. However, blockchain projects with independent native currency and incentives have no such worries

If a person or organization wants to get enough nodes to carry out 51% attacks, it must first get more than 50% enough coins, and the amount of coins in the market is certain, so before it gets enough coins, the soaring price will make it hard for him to bear

therefore, a public chain project must have money. A public chain project without money is like a castrated person

in addition, only through the token and reasonable stimulation of output, can the proction relationship be changed and the value of blockchain be brought into play. Therefore, the project must have token, which can promote the development of the project faster. Token solves the problem of incentive and consensus, and incentive solves the problem of autonomy. The positive autonomous economic ecosystem and the underlying technology of blockchain are a perfect combination.

4. If you want to ask what's the most popular in 2018, I believe you will say it's blockchain

since last year, a variety of digital currencies have emerged in an endless stream, and blockchain has also been on fire

many people are connected with blockchain as soon as they mention currency speculation; As soon as you hear that an enterprise is doing a blockchain, you will immediately ask if you want to issue money

it seems that blockchain is equivalent to digital currency, and the purpose of studying blockchain is to speculate in currency< br />


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when you are new to blockchain or digital currency, it is reasonable to equate blockchain with currency speculation

after all, if it wasn't for the growing popularity of bitcoin, no one might have paid attention to blockchain technology so far. If it wasn't for more and more people investing in bitcoin, no institution would have issued a variety of other digital currencies

however, after in-depth understanding of blockchain and digital currency, we still think that blockchain is money speculation, so our understanding is really a bit biased

blockchain is the underlying technology of bitcoin. No matter bitcoin, Ethereum, lightcoin or other various tokens, they are all applications based on blockchain technology

but this does not mean that the blockchain can only be used to issue money, just like fish is raised in the water, but it can not be said that fish is water, and hairy crabs and crayfish can grow in the water

in addition to the various tokens we see at present, blockchain has a very broad application prospect

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so what is a blockchain

to put it clearly, blockchain is: "blockchain is a kind of technical mole or encryption algorithm that is both basic application and top-level design. It breaks the barrier that an information is only saved by one central server or multiple services in the past, and copies the same information to more places at the same time, such as 1 million servers. Only when more than half of the stored information has been tampered with can chaos be caused. "

in a word, understand the relationship between bitcoin and blockchain:

blockchain is a technical concept born from bitcoin encryption technology

bitcoin is a kind of digital virtual currency, followed by the payment currency as a contribution to storage computing power

if you want to store the same information in countless servers, who will store it for free? There has to be a reward. Bitcoin is a reward for accepting free storage. This reward is a virtual thing called bitcoin.

6. The fourth type of blockchain project is asset token project. What are the characteristics of asset token project? What are the typical representatives
the fourth category is the asset token blockchain project. Asset token refers to linking blockchain assets to physical assets such as gold and US dollars. It is the blockchain mapping of physical assets. At present, there are no more than 10 varieties. The typical representative is usdt against US dollars, digix Dao against gold, digix. Each token represents 1 gram of Gold Certified by London Bullion Market Association
asset token has the advantages of convenient transaction and storage. First of all, asset token is more convenient for transaction. Because blockchain assets can be split, it has better liquidity. For example, at present, real estate needs to be transferred as a whole. If the real estate can be token, it can be split and purchased, which is more convenient for transaction
secondly, the token of physical assets is more concive to custody. Gold is easy to wear out and cause losses in physical transactions. However, after the token of physical assets, there is no need for physical transfer, which is more concive to the custody of physical assets.

7. Classification and application of blockchain:
1. According to different scenarios, design systems and attribution, blockchain is generally divided into three categories: public chain (public service), private chain (focusing on the application of an enterprise or instry) and alliance chain (generally belonging to an instry or a supply chain)
2. It is basically divided into three kinds of applications:
blockchain applications of well-known enterprises: (Netease blockchain cat (game), thunderbolt chain customer, storm's cool broadcast cloud (BFC points), Renren's social rrcoin, Meitu's e-commerce + blockchain, 360's router, cheetah and other well-known enterprises)
start up companies based on blockchain (Ethernet wallet, Babbitt, fire coin)<
social public applications (the bank has set up a research and development laboratory)
current market situation and development of blockchain:
currently, blockchain applications in the market still focus on issuing "token", realizing "point management"
, pet games, etc., with relatively single functions, and the data of blockchain related apps is even less, and more of them are financial apps.

8. In my opinion, risk and security awareness must be understood. You can see whether the token issued by the blockchain project you want to invest in has been put on a large trading platform. If the token of a project is not put on the exchange or the landing trading platform is a small exchange unheard of, then investors need to be more vigilant. At present, the largest exchange in China is okex, and small trading platforms have the risk of running away. New people should never touch it. You can go directly to the official website of okex.

9. In order not to let you control the sovereignty, if you hold two companies, what you say is in charge, if you say it is expensive, if you say it is cheap, it is cheap

10. It's hard to explain. It is a data block connected with encrypted data to ensure that it will not be tampered with illegally. The encrypted data is calculated by the miner's mining machine.