Fire coin network is not decentralized
Fire coin is a bitcoin trading platform. As of the end of 2016, the accumulated turnover of fire coin reached 200 billion yuan
bitcoin is a virtual encrypted digital currency in the form of P2P
Bitcoin is different from all currencies. Bitcoin does not rely on a specific currency institution. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
extended information:
fire coin business
1. Fire coin global station, headquartered in Singapore, provides digital asset trading and investment services
2. The digital asset trading platform based on Korean won provides digital asset trading services P>
3, China, has become a platform for information and research in vertical chain of block chain, providing regional chain technology research and application information for Chinese mainland users, and integrates services such as instry consultation, research and ecation training. p> The company is headquartered in Beijing, China, providing digital asset management services and user experience
Basic routine: the "trading market" of MLM digital currency is basically controlled by specific institutions. In order to attract investors' investment in the early stage, the currency price may be very high. Once the time is ripe, it will be sold intensively, and the price will plummet, and the investors will lose all their money
There are three characteristics of digital money MLM:1. Digital money is a real proct, and it is highly packaged
2. The participants can get a head pulling reward, and the prize is the digital currency itself
3. Digital currency will appreciate with the increase of participants in the scam. In the cycle of digital currency appreciation, the number of participants who can obtain digital currency will also increase, and the participants, including the lowest level participants, will also gain, but in the cycle of devaluation, the bottom level participants often lose a lot
in 2017, the Internet Finance Association of Jiangsu Province issued the "internet pyramid selling identification guide", which named 26 so-called digital currencies as illegal pyramid selling projects covered or suspected to be covered with digital currency. They are: treasure money, Baichuan money, SMI, MBI, mark money, Diablo money, mmm, Fuda compound wealth management, carat money, V treasure, Vicat money, petroleum money, Huaqiang money, CB aiib Hong Kong Group, Yuansheng, Morgan money, beta money, WorldCom, u money, Jubao, 21st century fox, Wanxi wealth management, Wanfu money, Wuxing money, Yi money, Zhonghua money, etc
extended materials:
five ways to distinguish whether digital currency is pyramid selling currency:
1. Issuance mode
virtual currency does not rely on specific monetary institutions. It is proced by a large number of calculations according to specific algorithms, and is a decentralized issuance mode. Each different terminal node is responsible for maintaining the same account book, and the maintenance process is mainly to package and encrypt the transaction information by the algorithm, while the MLM currency is mainly issued by a certain organization, and the profit is made by pulling the head
2. Transaction mode
virtual currency is a kind of sporadic transaction spontaneously formed in the market, which is graally completed by a third party establishing an exchange after the scale is formed. The MLM currency is issued by an institution and traded on its own platform
3. Implementation method
virtual currency itself is an open source program, which is maintained in GitHub community. The parameters and methods of the total amount limit are shown in the open source code. The open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, so its essence is controlled by the website like Q currency
4, whether to give the source code link
General decentralized digital currency will give the source code link in the prominent position of the official website, so as to show the operation mechanism of the monetary system openly and transparently. The MLM currency focuses on the transaction process of recharge purchase, but does not mention its operation mechanism. Even the website does not have the link address of the source code
5, whether the official website starts with HTTPS
generally, the addresses of the official website and trading website of decentralized digital currency start with HTTPS, and the purpose is that this kind of website can well protect the user's data from illegal theft. But the official website of MLM currency, trading website and other related websites do not start with HTTPS
Web links
hotcoin is a bitcoin trading platform, which has obtained a round of 10 million RMB capital investment from Zhenge fund, Dai Zhikang, Sequoia Capital, etc. hotcoin implements strict risk control management and operates stably. As of the end of 2016, the accumulated turnover of fire currency reached 200 billion yuan
on September 15, 2017, huoyuan.com announced that the registration and RMB recharge services will be suspended from now on, and all users will be informed before September 30 that they will stop trading. At the same time, all transactions of digital assets against RMB will be graally stopped before October 31
fire coin network will carry out five major business in the world, including fire coin global professional station, fire coin South Korea, fire coin China, fire Coin Wallet, fire coin global dollar station. Among them, fire coin China focuses on blockchain technology R & D and application information, while fire coin Korea and fire coin global dollar station will continue to provide local legal currency to digital currency digital asset trading services

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