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The decentralization of REBO's circulation

Publish: 2021-04-12 13:03:50
1. Hello, just buy bitcoin
advantages
complete decentralization, without issuing institutions, it is impossible to manipulate the number of issues. Its distribution and circulation are realized through open-source P2P algorithm

anonymity, tax exemption and supervision free

robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally. Bitcoin price may fluctuate and collapse, and many governments may declare it illegal, but bitcoin and its huge P2P network will not disappear

cross border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties. But if you trade with bitcoin, enter the digital address directly, click the mouse and wait for the P2P network to confirm the transaction, a lot of money will pass. It does not go through any regulatory agencies and will not leave any cross-border transaction records

it is difficult for the cat to survive. Because bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, recompile, and create a new P2P currency. But these counterfeit currencies are fragile and vulnerable to 51% attacks. Any indivial or organization, as long as it controls 51% of the computing power of a P2P currency network, can manipulate transactions and currency value at will, which will be a devastating blow to P2P currency. Many Shanzhai coins die in this link. The bitcoin network is robust enough. If you want to control 51% of the computing power of the bitcoin network, the number of CPUs / GPUs required will be astronomical.
2. Brief introction: a protocol currency issued by reborn, the base currency of reborn network, can circulate in the whole reborn network, with a total amount of 100 billion, and graally decreases with the increase of transactions. Reborn is the only common currency in the ripple system, which is different from other currencies in the ripple system. The operating company of reborn is ripple labs (formerly known as opencoin)< < br > issue time: 2011 < br > maximum supply: 10000000000 XRP < br > current total circulation: 39029011631xrp < br > trading volume share: currently accounting for 10.1% of the cryptocurrency market< Br > market value: $44270765264
3. In addition to bitcoin, Ruitai, Laite and Ruibo, the mainstream digital currencies have certain liquidity, other Shanzhai currencies basically have no liquidity. The related application is even more deficient, just staying in the theoretical stage

of course, it is not ruled out that large institutions will develop liquid digital currencies in the future.
4. You can use Ethernet currency to buy Ruibo currency, display order quotation, sales order and current transaction price, and create Ruibo currency trading platform.
5. You are very good ~ this is my world automatically generated artificial mine, here is for you to mine. However, there will be a pile of cobwebs in some places. Behind the cobwebs is a spider brush cage. It may be a poisonous spider. When approaching, there will be a flame. The spider inside will rotate at high speed and brush out the spider quickly. Just insert a torch on it. The monster will only brush out in a very dark place. Of course, it has a range. The brush cage can also be removed with manuscript.
6.

According to the information released yesterday by the office of the people's Government of Heshun County, Shanxi Province, a slope landslide accident occurred in the a6-1 mining area of the fourth mining area of Lvxin coal instry in the county from 15:00 to 17:00 on August 11. After preliminary inquiry of the person in charge of the mine, five excavators were buried, four people died and five people were missing. At 0:52 a.m. yesterday, the person in charge of the mine surrendered himself

On the morning of August 15, the office of Heshun county government issued a notice saying that under the strong working pressure of the municipal and county governments, Gao Yang, the legal representative and general manager of Lvxin coal instry, surrendered to the County Public Security Bureau at 0:52 on August 15. At present, Gaoyang has been controlled by the police. Rescue headquarters have been set up at the municipal and county levels to further verify the number of missing persons and search and rescue. Seven working groups have been set up, and relevant work is in progress

7. Should the payment system be highly centralized or completely distributed and decentralized? The hyperledger team believes that there should be a balance between the two - power is neither concentrated in one institution nor completely distributed, but reasonably and appropriately divided into several parts
decentralization, a political concept first proposed by the British philosopher John Locke, was used by hyperledger in the distribution of power in the payment system. As shown in the figure below, the first is the "centralized" network of general national and third-party payment systems, the third is the bitcoin type point-to-point "decentralized" network, and the second is the payment protocol system established by hyperledger
hyperledger is an open source platform that allows anyone to issue personal currency. Hyperledger open source payment protocol was first founded by Daniel Feichtinger from Hong Kong. He is the core developer of hyperledger and the inventor of distributed consensus mechanism. Dan o'prey, another member of hyperledger, joined in April as co-founder. Prior to that, o'prey founded a visible cloud computing tool, macdeyun. The company base is in Beijing to help developers use Amazon AWS more easily. It obtained $1.5 million from Sequoia Capital in the early stage. O'prey left his position as CEO three months ago. O'prey joined hyperledger in charge of marketing and business development. Currently, hyperledger's server and client code has been uploaded to GitHub
the proposal of hyperledger payment agreement is largely influenced by ripple. At the end of the Q & a page of the hyperledger website, the team said that hyperledger can be seen as an alternative or supplementary system to ripple
ripple is another promising digital currency after bitcoin. The biggest difference between ripple and bitcoin is that their logic is just the opposite. Bitcoin is first a digital currency, and then a means of payment based on it; Ripple's idea is to make payment easier. First of all, payment. In order to make payment more convenient and currency circulation, ripple created its own virtual currency XRP
in ripple payment network, you can transfer any currency, including US dollar, euro, RMB, Japanese yen or bitcoin, which is easy and fast. The transaction confirmation is completed within a few seconds, and the transaction cost is almost zero. There is no so-called cross-bank and cross-border payment fee
compared with bitcoin, the account book needs six confirmations, 10 minutes each time, and the total confirmation time is nearly one hour. Ripple introces a "consensus" mechanism, which can verify and confirm the transaction in a very short time through the voting of special nodes. Ripple's trade confirmation process can be completed in seconds. Hyperledger is similar to ripple "consensus" mechanism, and the consensus is reached through Byzantine fault-tolerant algorithm mechanism
in addition, the ripple client does not need to download the blockchain (recording historical transaction data), it abandons the verified general ledger chain on the ordinary node, and only keeps the latest verified general ledger and a link to the historical general ledger, so the workload of synchronizing and downloading the general ledger is very small
the increasing volume of blockchain has become another big problem of bitcoin. Every time bitcoin wallet is installed, a lot of time is consumed to download data blocks. In the past year, with the increase in the number of transactions, especially the emergence of a large number of small transactions on gambling websites, the volume of block ring chain has doubled to 15GB
at the same time, under the general ledger and consensus mechanism, yingyunsheng ripple also has an absolutely accurate online IOU marking function, which hides a subversive idea that users can issue their own currency. Users can set the name of the IOU and the exchange ratio with us dollars or bitcoin. This is actually "personal currency". Its core is to subvert the currency with government credit as the core, and give users the choice of every trust
long verification time, growing block chain (recording historical transaction data) and increasing unreliable transactions are the problems bitcoin is facing now. These are also the problems hyperledger tries to solve. Hyperledger inherits the advantages of ripple. By introcing a consensus mechanism similar to ripple, it can shorten the verification time, remove the block ring chain, and use the voting mechanism (two-thirds agree) to automatically detect and remove the damaged nodes through transaction requirements
the concept of ripple appeared as early as 2004, and Ryan Fugger launched the first implementation version of ripple. Its goal is to build a decentralized virtual currency system that allows anyone to create their own currency. Money in ripple network is expressed as "debt", and all transactions show the change of account balance
the original intention of ripple project is to establish a distributed P2P clearing network: everyone is their own bank, which can issue and accept loans, and at the same time act as a lending channel (for example, a wants to borrow money from B, but they don't know each other, but they all know C, so C can act as a channel for a and B. C first borrows money from B, and then lends money to a, indirectly realizing that a borrows money from b)
ripple's design idea is based on acquaintance relationship and trust chain. If a person wants to use ripple network for remittance or loan, the premise is that his friends already exist in the network. Otherwise, it is impossible to establish a trust chain between the user and other users, so there are not many ripple users
the problem of limited users in small circles has been solved after the establishment of the new company opencoin. Opencoin has launched a new version of ripple, which introces two measures to solve the problem of isolated small circle: one is to launch ripple currency, XRP, as the base currency of ripple network, which can circulate in the whole network just like bitcoin, without being limited to the circle of acquaintances; The other is the introction of gateway system, which is similar to currency exchange institutions, allowing people to inject legal money into and withdraw from the ripple network, and can act as a bridge between borrowers and borrowers
What are the differences between hyperledger and ripple
according to the statement given by the hyperledger team:
? In concept, ripple focuses on forming a trust chain according to the reputation of the entity, and finding the simplest way to realize the transaction, which can be cross currency. The purpose of hyperledger is to make it easy for private entities to issue money and to have precise control over the amount of money issued< br />? Ripple and hyperledger share the same "consensus" mechanism and attach the same protocol, but the rules of membership and privacy are different< br />? Hyperledger does not issue a currency of its own in the system< At present, ripple's commercial business can be divided into two types:
one is that ripple directly provides remittance technology and underlying protocol to banking financial institutions, which is equivalent to replacing the original high-cost swift technology. Ripple only serves as the technology provider. Users can open the client of China Merchants Bank and choose to remit by swift or ripple in the remittance column, The significance of ripple is to use technological innovation to help banks rece costs
the other is direct consumer oriented business. Users can log in to ripple's website or download an app of ripple wallet, where they can freely make cross-border remittance, charge accounts or exchange between real currency and virtual currency. The network management can be a bank, a third-party payment enterprise, or even an indivial
how to participate in hyperledger? Its consensus pool is divided into four parts: testpool, mainpool, custompool and premierpool< br />? Testpool is open to everyone for free, in which you can publish your personal ledger (currency) or test third-party applications, or even try to attack the payment system and do what you want to do< br />? Mainpool is the basic pool. Each node in the pool requires a unique domain name and SSL certificate. Now it is added to the mailing list and will be notified as soon as hyperledger is released< br />? Custompool allows users to define pools, which can be limited to a country, a university, etc< br />? Premier pool is a commercial pool. There are more strict restrictions and requirements for operating a "consensus" node. Every request for ledger must be audited, and membership subscription fees must be paid. Specific rules need to be communicated with hyperledger team.
8. Ripple open payment system is a virtual currency network (distributed P2P clearing network) and a future electronic payment platform. In 2004, Ryan Fugger launched the "currency is the main transaction"
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