IBC blockchain developer

1.

It's illegal

the central bank indicated that it has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency

In addition, the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

extended information:

virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency

in 2013, the central bank, together with five ministries and commissions, issued the notice on prevention of bitcoin risks, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, which do not exist in the form of currency and legal currency

2. blockchain is a technology, but it is not a single technology, but the result of the integration of a variety of technologies, including cryptography, mathematics, economics, network science and so on. You can think of it as a distributed shared accounting technology, or as a database, but the database is jointly maintained by all nodes in the chain, and each node has an account book. Because the account books of all nodes are consistent, different nodes can trust each other, and there is no doubt about the data, so we all say that the blockchain has realized trust technically. For detailed professional technology, you can consult some professional technology companies, such as Jinbo technology, which focuses on the development of blockchain related procts, professional R & D team and perfect after-sales service, and you can consult by telephone.

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.

According to reports, blockchain has the advantages of decentralization, distrust and tamper proof

compared with the Internet, the blockchain network conceived by Cosmos not only realizes information interaction, but also realizes the transmission of asset value. Through the IBC cross chain protocol, the token can be transferred across the chain between the blockchains based on Cosmos' tendermint core. For the public chains based on POW consensus mechanism like Ethereum, pegged zone can be used to bridge

Article source: bit110 network

5. McGonagall is a real corporate currency. Issued by the company's internal, the company's capital is in your company, the company lost your capital will follow the drift

then let's take a look at the real virtual currency:
1: Decentralization -- not subject to self, company and state regulation
2: quantitative issuance, the real virtual currency is a measure of issuance, the amount of issuance will not be more or less
3: it can be freely traded on the international trading platform. In other words, only the virtual currency that can be traded on the international trading platform is real
4: there is a mining pool website, open source code, real virtual currency is open source code, is g out, you can mine freely, many players have been engaged in this kind of "miner" work
5: you have your own E-wallet. All real virtual currencies have their own E-wallet. The computer version of offline wallet is programmed, without any plug-in links.

6. Since 2017, the crypto money market has continued to boom. From the early big bull in the coin circle to today's "leek" Xiao, digital currency has graally become a popular investment choice in the world. But according to bitdata, the booming digital money market is still in the stage of savage growth. Knowledge asymmetry, lack of credit evaluation system, lack of professional investment platform and other pain points have always existed

bitdata is a proct based on these requirements. When everyone goes to the West for gold, selling water to gold miners may also be a good business

according to the public information, bitdata relies on the intergrated block chain (IBC) credit evaluation system to build the underlying financial service facilities in the digital cryptocurrency market, build a digital asset investment and exchange community, and provide users with optimized basic trading functions, information and market analysis, quantitative trading tools, intelligent investment advisory and related financial derivatives

after the public beta of bitdata.pro was launched, Dujiao blockchain was invited to experience the v1.0 version of this proct. From the interface design to the content, bitdata v1.0 is very similar to the mainstream stock software on the market. For old investors, it is not too difficult to transition from the stock market to the digital currency market. However, there is no online trading function at present, which has something to do with the current regulatory policy

bitdata synthesizes the market conditions of several exchanges, aggregates multiple information sources, and reflects market sentiment with data through quantitative calculation. According to Zheng Yong, CTO of bitdata, in the future, we will try to use token to encourage authors to proce high-quality content, so that users can get more transparent quotations and valuable information< However, digital currency securitization and digital currency transaction are sensitive topics in China. How to do one stop digital currency transaction terminal? How to solve disputes and problems? Dujiao blockchain made an exclusive interview with Zheng Yong, bitdata CTO

d = Unicorn blockchain z = Zheng Yong

D: when did you join bitdata? What was the opportunity then

Z: two months ago. I have been in the field of Internet since I graated from University, doing technology research and development and team management, but I have been concerned about the field of digital currency for a long time. As technicians, they have been paying more attention to new technologies. Now everyone is exploring application scenarios. Digital currency is a scenario where blockchain technology is applied more quickly. What is the pain point of this market? After communicating with the team, we found that everyone had similar ideas and started a business together.

7. Unknown_Error