Ether 470 calculation power
Graphics cards can't dig out bitcoin right now. Your calculation power is the calculation power of ethereum. The calculation method is also wrong
Ethereum energy coin is not MLM
Ethereum is an open source public blockchain platform with smart contract function. Ethereum provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum
in 2013, vitalik buterin, 19, first mentioned the idea of Ethereum in a book entitled "Ethereum white paper: next generation intelligent connection and decentralized application platform". Then, in 2014, the algorithm and protocol of Ethernet coin were officially implemented, and $150 million was raised. The system itself was finally completed on July 30, 2015
as the representative of blockchain 2.0, the mainstream currency Ethernet is regarded as the wind vane of crypto digital currency market. However, over the past week, the price of ether currency has continued to fall. On August 14, 2018, the ethereal currency plummeted by 20%, reaching a record low of $257 this year. Compared with this year's peak of $1295, the price of Ethernet currency has shrunk by more than 80%. Affected by this, on August 15, 2018, none of the top ten mainstream currencies in the digital money market was spared, falling across the board, with a number of single day declines exceeding 10%
extended data
Ethereum started planning almost in 2013, and started to implement the project in 2015. Before that, there were many digital currencies imitating bitcoin in the market, and they made various modifications on the basis of bitcoin code. In this way, it is very difficult to develop a new blockchain application, to re deploy a new chain, and then to develop an application on this chain. Using a consensus mechanism of pow alone is a huge maintenance workload. It's like developing an app on a mobile phone and developing the Android system together
after Ethereum comes out, it is equivalent to the underlying operating system of the blockchain. On Ethereum, it is very convenient to develop various dapps without considering the underlying development, and it can also share the computing power and storage of Ethereum. For programmers, the threshold of blockchain development is lowered instantly. The emergence of Ethereum has played a very important role in the development and popularization of blockchain applications. That's why Ethereum is called blockchain 2.0
Ethereum uses fog computing. The data processing and applications of fog computing are concentrated in the devices at the edge of the network, rather than almost all stored in the cloud, which is an extension concept of cloud computing, which is more in line with the spirit of decentralization of blockchain. If all the storage and operations still stay on the centralized server, then it will not be a real blockchain
recently, the hot "ethereal cat" on Ethereum network has led to the congestion of Ethereum network. The problem is that the TPS concurrency per second of Ethereum is too low. The emergence of ethereumfog with fog computing will break the embarrassing situation of Ethereum network congestion, and add powerful decentralized storage and additional computing power to the chain
the concept of fog computing may be unfamiliar to many chain friends, but it is the most important aspect of ether fog to attract investors. In fact, I have heard about the concept of fog computing for a long time, and I have always thought that fog computing is the future development direction. When it comes to fog computing, we should start with cloud computing. In fact, the cloud computing we see now evolves from the cluster of independent servers, that is, from the original centralized independent servers to large server clusters, but in the final analysis, it is still a form of centralized computing. Compared with cloud computing, which is the evolution of centralized computing, fog computing is to share computing tasks with various computing power devices around us, and realize the evolution of decentralized and distributed computing, which coincides with the philosophy of blockchain itself.
BVI company cooperates with Singapore foundation for al structure information confidentiality
how to legally operate the ICO issue has always been the focus of attention of people in the instry
today we will talk about the concept of al structure of BVI company and Singapore foundation. In fact, the al structure is not new to many people, But in fact, many people may not be familiar with the project development applied to the ICO field.
first of all, let me talk about BVI company in the al structure
Introction to BVI company
as we all know, BVI is one of the overseas offshore investment centers with the fastest development of 9370 and 6165 in the world, and the company registered here is called BVI company, It is commonly used in the vie trading framework for listing overseas or in Hong Kong. According to the law of the island, all companies incorporated in the island are exempt from tax except for the statutory annual registration fee (very small). Many well-known international companies set up tax avoidance companies in the island for their tax avoidance operations, and carry out complex international tax avoidance business activities. The information is confidential. It is one of the preferred architectures for the majority of investors.
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the basic way to build the compliance architecture is as follows:
1. Register BVI, as the issuing entity, keep personal identity information confidential, and completely avoid taxes.
2. Set up the Singapore Foundation (CLG), as the project operator, to legally operate blockchain projects and digital currency operations
3. Only the promotion and technical teams are reserved in China, which are clean and compliant with the operation and distribution
legal compliance of compliance framework:
1 legal opinion: (white paper compliance + token uncertified certificate)
legal opinion issued by lawyers to determine whether the tokens issued by the project comply with the relevant laws and regulations of the monetary authority of Singapore (MAS), especially the white paper project with al currency, needs to be strictly reviewed by lawyers
2 government compliance endorsement: issue official endorsement to further enhance project compliance (provided that a legal opinion has been issued)
3 Singapore sto compliance: assets with certificate attributes To facilitate compliance and issuance under the current sto management guidelines in Singapore, the following proceres are needed:
1 to register BVI company
2 to register Singapore foundation
3 to issue Singapore legal opinion
4 to issue ICO
the project party registers a limited liability company in BVI and claims that the main body of the foundation is BVI company. Then we set up a public welfare foundation (CLG) in Singapore. BVI company cooperates, authorizes and operates ICO related projects. Of course, each currency needs an independent foundation to operate, so as to avoid the risk of currency trading on the foundation body. Finally, Singapore commonweal foundation authorized domestic marketing team and technology R & D team to carry out project promotion and technology R & D
Mining requires powerful computing power and a large number of repeated operations. Although the performance of CPU is powerful, because the logic is too complex, it is more suitable for complex logic operation, and it is not suitable for mining, which is simple and brainless but has a huge amount of calculation. And the graphics card, especially amd graphics card, because of its own design of multiprocessor characteristics and naturally suitable for a large number of violent computing and other characteristics, is very suitable for mining this "heavy physical work"
that's why the price of graphics card is soaring e to mining.