Jindian community blockchain
a brief history of etheric Classics (etc)
etheric classics began with an unfortunate event
in May 2016, the decentralized autonomous organization (DAO) held a token sale with the goal of establishing a blockchain based venture capital to fund future decentralized applications (dapps) in the Ethereum ecosystem
basically, Dao is a complex smart contract that operates in a decentralized way - computer code that automatically performs tasks between multiple parties when conditions are met
despite its ambitious goals and successful token sales, Dao's code has a major vulnerability that allows attackers to steal eth from decentralized organizations
the attacker took advantage of this vulnerability in June 2016, triggering the infamous Dao hacking event, and maliciously stole eth worth about US $50 million
there is no doubt that Dao hacking has shocked Ethereum community and made eth price drop from $20 to $13
after the Dao hacking, the Ethereum community has to choose from three options
< UL >do nothing and try to bear the consequences of the attack
start soft bifurcation to recover funds
deploy a hard fork to recover the lost eth
both soft and hard bifurcations are significant network upgrades. However, soft fork allows users who are not upgraded to communicate with upgraded users, while hard fork is not backward compatible with previous versions
as developers realize that deploying soft forks will expose the network to distributed denial of service (DDoS) attacks, Ethereum community decides to initiate hard forks to recover the funds lost in Dao hacking attacks
although this scheme is supported by most people, a small number of people in Ethereum community oppose it. They think that "code is the law" and blockchain network should be unchangeable
the failure of both sides to reach an agreement on the solution eventually led to the fragmentation of Ethereum blockchain
those who tried to recover the lost eth chose the hard fork and opened the Ethereum (ETH) blockchain as we know it today, while another group stayed on the original Ethereum classic (etc) chain
what problems does ethereal classic solve Ethernet classic (etc) is a blockchain platform that allows developers to deploy smart contracts and dapps although this function is the same as Ethereum (ETH), etc blockchain has two main differences first of all, Ethereum classic community opposes tampering with distributed ledger and supports the view that "blockchain network cannot and should not be modified" secondly, although there is no rigid upper limit on the total supply of eth, it is allowed to create 230 million etc at most by adopting the monetary policy of constant supply as a bonus item, ethereal classic launched Atlantis hard bifurcation last year to increase the interaction with Ethereum and improve the privacy protection of transactions through ZK snarks the trading platforms recommended by ethereal classic etc are: Fire coin, okex, AAX, etc
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about the variability of blockchain
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eth, if most people agree to modify the chain, that is, variability, then they can modify the blockchain records and contracts
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etc, blockchain records and contracts can't be modified, that is, they can't be tampered with
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here are the advantages and disadvantages of the two methods
The advantage of -
variability is that people can make timely changes to make the right decisions. Therefore, modifying the specification is more practical than finding loopholes
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non modifiability means that no matter how smart people are at that time, it is impossible not to make mistakes. Therefore, when problems arise in this scheme, it is best to find and solve the loopholes through the existing legal framework
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differences in development
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eth, whether it is intentionally arranged or since its birth, the core decisions of blockchain are made by Ethereum foundation with the participation of the community and most of them are developed by it
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etc, the decision-making of blockchain is mainly decided by the feedback of three loose, collaborative teams with community participation
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in any case, anyone can put forward improvement suggestions for the two kinds of blockchains. This is the benefit of open source, and it is also very common. You will find that developers of the two chains communicate with each other through GitHub and reddit. I hope to improve the frequency of communication in order to achieve the common goal
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about compatibility
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at present, the two kinds of blockchains are compatible with each other. Contracts or applications written by eth can be applied on etc, and vice versa
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eth, focusing on ewasm, is committed to providing a platform for more and more developers, while the issue of contract security is secondary, such as viper
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etc focuses on making developers create more secure contracts, such as viper, iohk research, at the cost of consuming the number of potential developers
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it's obvious that both chains can accept each other, regardless of whether their wishes are the same or not. My view is that the number of developers is not necessarily related to the quality of the proct
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about the transaction speed
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eth, the average is 25 seconds, which will be shortened after upgrading
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etc, with an average time of 14 seconds, maintained at 10-14 seconds after upgrade, according to ecip-1010 and ecip-1036 protocols
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about the block capacity
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eth, with the daily trading volume of eth graally reaching 5 million, the block capacity is graally saturated. This situation is similar to the recent transaction cost of bitcoin. This problem can be solved by expanding the block capacity by increasing the default fuel limit
ETC， At present, there is still a lot of room for block capacity. As more and more people accept etc, the block capacity will also increase, just like eth
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about community
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eth, mainly discuss on reddit
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etc, mainly discuss on slack
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about monetary policy
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eth, the planned supply is growing steadily, resulting in an average inflation of 3% in eth blockchain in its life cycle
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etc, before 2025, inflation will reach 3%, and then the total supply will reach 200 million etc, and then there will be deflation
As for the regional distribution of trading volume, China accounts for 20%, South Korea 25% and the United States 25% In etc, China accounts for 50%, South Korea 25% and the United States 10% About securities, at present, investors do not have the option to trade securities. Recently, one of eth's ETFs, trading open-end index funds, was denied by the regulators -
etc owns etc trading trust, which allows investors to own etc instead of the asset itself
Ethernet classic has an application that runs completely according to the program, with no failure, no review, no fraud and no interference from third parties. Ethereum classic is the continuation of the original Ethereum blockchain, which retains the history of the classic version without modification; Free from external interference and subjective tampering transactions
etc fans is a new trend to promote the research cooperation between ethereal classic and blockchain instry ecology, and promote the development of ethereal classic ecology.
the change of Russia's attitude has a lot to do with the economic downturn in recent years and the Western sanctions
Russia's unreasonable economic structure and excessive dependence on oil resources have become the consensus of all walks of life at home and abroad. At the end of 2013, the conflict between Russia and Ukraine, the outbreak of the crisis in Ukraine, western countries imposed economic sanctions on Russia, the global crude oil price plummeted
in November 2014, Russia's GDP began to grow negatively, falling by 3.7% and 0.2% respectively in 2015 and 2016
Second, community autonomy. All decisions are made by community members. Under the hybrid consensus mechanism, both POS krypton players and pod technology players have higher yield and discourse power, which effectively avoids the impact of centralized computing power and financial resources on the whole game ecology, and thus reces the risk of bifurcation. If a node wants to propose a bifurcation for a certain protocol or standard, all nodes need to participate in the voting. If the pod + POS weighted value of the voting result exceeds 50%, the system defaults to the chain with high weighted value as the effective chain, and all nodes will migrate to the new chain mining at the time agreed in the voting result
thirdly, because game players have requirements for the performance and bandwidth of hardware devices, vs public chain sets the node players involved in accounting into two categories: full node and light node. Players can manually switch between full node and light node. Generally, light node mode is adopted in the process of the game to provide more hardware support for the game, and full node mode is started after the end of the game and ring the hang up period
fourthly, all the transaction rights in the game come from the players. Only after the players are authorized by the exclusive secret key, the game assets can be circulated. At the same time, all transaction data are encrypted by ECC (elliptic encryption algorithm), which is a modern cryptography technology, to ensure the information security of blockchain
fifthly, as a vertical public chain in the game field, vs will first complete the overall solution of decentralized game proction, virtual asset distribution and token economy operation. It includes game engine, developer environment, standard SDK, etc., which reces the difficulty and threshold for game developers to enter blockchain game development from various environments, greatly reces the workload and cost of game development team, and also makes vs public chain highly scalable.