Blockchain 94 announcement

1.

The definition of blockchain is called encrypted distributed accounting technology

now there are three different explanations, one is that decentralization is the essence of blockchain, the other is that distributed accounting is the essence of blockchain, and a group of people think that incentive technology is the essence of blockchain

2. Traditional transactions on the Internet need to rely on trusted third-party institutions to process electronic payment information, and both parties trust the third-party institutions However, the third-party intervention also has many disadvantages:< Br > - high transaction cost (a certain handling charge)< Br > - Privacy exposure (the third party needs to provide the information of both parties in order to verify the information)< Br > -... < br > imagine that if the third-party organization is removed and the two parties trade directly, how can the transaction take effect? The emergence of blockchain technology is to solve this problem. Blockchain is based on the principle of cryptography rather than trust mechanism, which makes the two parties reach an agreement to trade directly and publish it to all witnesses.

3.

As of May 2020, blockchain and digital currency are illegal in China

according to the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risks of token issuance and financing, Article 2 no organization or indivial shall illegally engage in token issuance and financing activities. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects

Article 3 strengthen the management of token financing trading platform

from the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell token or "virtual currency" as a central counter party, and shall not provide pricing for token or "virtual currency" Information intermediary and other services

extension data

"illegal financial institutions and illegal financial business activities ban" stipulates that:

eleventh, the criminal suspect, funds and property involved in illegal financial institutions and illegal financial activities, and the public security organs shall take compulsory measures according to law to prevent suspect from escaping and transferring funds and property. p>

Article 12 the people's Bank of China shall, after investigation and confirmation, make a decision to ban the illegal financial institutions and financial business activities, declare them illegal, order them to stop all business activities, and make an announcement

Article 13 if the people's Bank of China discovers that a financial institution opens an account, handles settlement and provides loans for an illegal financial institution or illegal financial business activities, it shall order the financial institution to stop the relevant business activities immediately. No unit or indivial may use the relevant funds without authorization

4. They will record proction information, logistics information, sales information and other data on the chain. It's equivalent to a person who has an ID card, but the ID card is a code. When you go in, you can see complete information. Family name, even "parents" can know, but also can't change! With this kind of blockchain for anti-counterfeiting traceability, even the labor cost of playing Jia is saved.

5. Blockchain 94 refers to that on September 4, 2017, the central bank, together with seven ministries and commissions, stopped the ICO event in the blockchain and defined ICO as illegal fund-raising. At the beginning, fire coin, coin an, Bitai, OK, Bitai and so on moved abroad

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7. TTC is the abbreviation of time
treaty
chain in English. There is a branch in Shenzhen called time treaty blockchain Technology (Shenzhen) Co., Ltd. Time
treaty
chain (TTC), for short, is committed to building a decentralized, open-source, compound contract function chain ball ecological platform with block identity technology as the core. The initiative of block identity aims to realize the global block identity traffic ecology of (public chain +
alliance chain + private chain) * side chain in the digital world.

8. It seems that it is retained in Ethereum. Now the blockchain is becoming more and more popular. Changsha high tech Zone has also built a SMIC blockchain service platform, which is oriented to enterprise users. If the enterprise is on the chain, everyone has to trade in good faith. I hope the answer will help you. If you have any questions, you can continue to ask.