Decentralized autonomous organization Dao
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
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; Or
start soft bifurcation to recover funds; Or
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 etc hot money, okex, AAX, etc
at present, the most popular bank is ICBC, which handles etc free of charge
at present, ICBC handles the preferential activities launched by etc.
1, and the toll is reced to 10% discount, which will last until the end of 2019, and then there will be a 9.5% discount
2, payment discount: when you shop on ICBC e-life platform, you can enjoy the great benefit of random rection
3, free equipment: one OBU on-board equipment free of charge
(1) strengthen organizational leadership. A leading group for deepening the reform of toll road system and canceling provincial boundary toll stations on expressways, led by the Ministry of transport and participated by the national development and Reform Commission, the Ministry of instry and information technology, the Ministry of public security, the Ministry of justice, the Ministry of finance, the Ministry of human resources and social security, the people's Bank of China, the state owned assets supervision and Administration Commission, and the China Banking and Insurance Regulatory Commission, will be set up to coordinate relevant worksummarize and analyze the work progress regularly, and report major problems to the State Council in time Under the leadership of the Ministry of transport, a leading group led by the provincial people's government and participated by relevant departments will be set up in all localities to simplify the infrastructure construction proceres and accelerate the project construction in accordance with the emergency engineering The provincial people's government is responsible for (2) refining the work plan. Adhere to the people-centered, more from the user's point of view, in-depth investigation and research, find out the basic situation, improve policies and measures. It is necessary to clarify the timetable and road map, consolidate responsibilities at all levels, actively and steadily promote various work, and ensure smooth and orderly local debt management Relevant departments of the State Council and provincial people's governments shall be responsible for it)
in my personal opinion, instrial and Commercial Bank of China, China Construction Bank and postal savings bank are the best automatic electronic toll collection system, etc toll collection system is one of the service functions of intelligent transportation system, especially suitable for expressway or busy bridge and tunnel environment. At present, there are special etc toll stations in expressway toll stations
I. ICBC is currently the leader of etc market, and its preferential activities are still very friendly to the people. By the end of 2019, the toll will be reced to 10%, and then you will enjoy a discount of 9.5%. When you buy various procts on the electronic life platform of ICBC, you can enjoy the discount at will, and after processing, you will provide OBU on-board equipment for free, New users who participate in the activities and meet the standards can get the opportunity of purchase and exchange in e-life. By binding ICBC credit card to aigou etc of Suning e-buy, 20 yuan will be reced for auto supplies over 99 yuan and 20 yuan for gas cards over 200 yuan 
the question of which bank is better to handle high-speed etc is explained here today
you can apply for free or pay 99 yuan for membership service through credit card
most of the bank's etc equipment is bound with the credit card. When handling the credit card, the bank will give the etc equipment free of charge. The application process is similar to that of the ordinary credit card, but the driver's license of the bound vehicle needs to be added and copied. After the application is successful, the bank will mail the credit card and etc equipment, and users can go to the designated outlets for installation. Etc card and customer credit card binding, automatic dection, no recharge. In addition, in terms of online acceptance, ICBC recently took the lead in supporting the whole process of online processing of national etc label application, card binding, inquiry and activation business
therefore, from the perspective of convenience, wechat etc is definitely the most convenient. You can apply directly through wechat app, and wechat etc devices will be sent to users by express delivery. Relatively speaking, the processing proceres of bank etc are relatively troublesome, so you have to go to the bank in person
although wechat is better in terms of convenience, some banks have lower prices in terms of equipment fees and tolls than wechat, while bank etc has more preferential activities! So I think bank etc will be more cost-effective
I hope it can help you, please accept it!