Ppwork blockchain
what is Ethereum:
Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. blockchain technology is one of them
Ethereum platform can safely run any program users want
advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum
what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application
The design of Ethereum is very flexible and adaptable
Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields
blockchain applications of Ethereum
Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc
Ethereum has achieved more than 100 blockchain applications by many start-ups
Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged
the relationship between Ethereum and blockchain:
Ethereum is a programmable blockchain
Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes
in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency
like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"
1. The distribution method of bitcoin is pow (proof of work), which means that if you want to get bitcoin, you have to calculate a mathematical problem with a large amount of calculation. Whoever calculates it first will be allocated the new bitcoin. POW mechanism has great advantages: good security, but there are also a variety of problems: huge energy consumption, low efficiency, the most important thing is that there is a monopoly of mining rights, without joining the mine pool, indivial miners can not dig bitcoin
2. This year's hottest EOS project adopts the dpos mode (entrusted POS), while EOS only allocates 5% of its share! The vast majority of EOS are distributed in the form of ICO (private placement), and the ETH obtained is used to support the development and maintenance of developers. In other projects, most tokens are distributed in the form of ICO, usually 20% of the shares are left to developers, and more than 50% of the shares are used for ICO, and the remaining share users can participate in the allocation
3. The POS mode adopted by quark blockchain is to freeze QKI (quark integral) to obtain computing power, and allocate the output by computing power, with 7200 points per day, 10% of them are allocated to the developer account, and the remaining 6480 points are distributed to each user according to the average computing power. The advantage of POS is that there is no threshold for mining, and everyone's output rate is the same. Take today's (June 19) data as an example: today's total computing power is 854447.792, and the output of each unit's frozen computing power is 0.007583845. For each user, the output is extremely fair
4. Our quark blockchain allocates 90% of its output to users
5. OTC transactions are free of handling charges, and quark blockchain is open, transparent and traceable.
virtual currency is a network currency
gambling is a speculation
