What does computing power mining smart contract mean in the curr

1. Smart contract & quot The term "smart contract" can be traced back to at least 1995 and was proposed by the prolific interdisciplinary legal scholar Nick Szabo. He mentioned the concept of smart contract in several articles published on his website. His definition is as follows:
& quot; A smart contract is a set of promises defined in digital form, including the agreements on which the contract participants can execute these promises& quot;
let's explore the meaning of his definition in more detail
commitment
a set of commitments refers to the (often mutual) rights and obligations agreed by contract participants. These commitments define the nature and purpose of the contract. Take a sales contract as a typical example. The seller promises to deliver the goods and the buyer promises to pay a reasonable price
digital form
digital form means that contracts have to be written into computer-readable code. This is necessary, because as long as the participants reach an agreement, the rights and obligations of smart contract establishment are executed by a computer or computer network
to further explain:
(1) when will the parties to the smart contract reach an agreement? The answer depends on the specific smart contract implementation. Generally speaking, the contract is discovered when the parties are committed to the execution of the contract by installing the contract on the contract host platform< (2) contract execution
& quot; Execute & quot; And the real meaning of it also depends on implementation. Generally speaking, implementation means active implementation through technical means
(3) computer readable code
in addition, the contract needs specific & quot; Digital form & quot; Very much depends on the agreement that the parties agree to use
protocol
protocol is technical implementation, on this basis, the contract commitment is realized, or the contract commitment is recorded. Which agreement to choose depends on many factors, the most important of which is the nature of the assets being traded ring the performance of the contract
take the sales contract as an example. Suppose that the participants agree to pay in bitcoin. The chosen protocol will obviously be bitcoin protocol, on which the smart contract will be implemented. Therefore, the contract must use & quot; Digital form & quot; It's bitcoin scripting language. Bitcoin scripting language is a non Turing complete, imperative, stack based programming language, similar to forth.

2.

The so-called currency circle is the natural circle of digital currency players. The coin circle is not big, but the number of people is not small, and it is basically a minority in the crowd. But Lin Lin is a circle, and there are not many people making money. All kinds of ways of making money have been quickly copied, such as ICO, currency speculation, mining and so on

there are many ways to make money in the coin circle, the most important of which are currency speculation, ICO crowdfunding, brick moving, etc. The legal currency of the currency circle is legal tender, which is issued by the state and the government. It is only guaranteed by the government credit, such as RMB, US dollar and so on

1. Coin Token:

token, usually translated into token. Token is one of the important concepts in blockchain. Its more well-known name is "token". However, in the view of professional "chain circle" people, its more accurate translation is "token", which represents a proof of rights and interests on the blockchain, rather than currency

There are three elements of

token

one is digital proof of rights and interests, which must be in the form of digital certificate of rights and interests, representing a right, an inherent and intrinsic value

the second is encryption. The authenticity, tamper proof and privacy protection of the token are guaranteed by cryptography

Third, it can flow in a network, so it can be verified anytime and anywhere

2. Building a position in a currency circle:

building a position in a currency circle is also called opening a position, which refers to the new purchase or new sale of a certain amount of digital currency by traders

3. Coin circle suoha:

coin circle suoha means to invest all the principal

4, coin circle airdrop:

airdrop is a very popular way of cryptocurrency marketing. In order to let potential investors and cryptocurrency enthusiasts get token related information, token teams often air drop tokens

5. Coin ring lock position:

lock position generally refers to that investors open new positions opposite to their original positions after the sales contract, when the market appears the opposite trend to their own operation, which is also called lock, lock order, or even the name of butterfly Shuangfei

6. Doughnut candy:

doughnut candy is a kind of free digital currency issued to users when all kinds of digital currencies are just issued in ICO, which is a kind of momentum and publicity of the project itself by the issuers of virtual currency projects

7. Currency circle breaking:

breaking refers to falling, and issuing refers to the issuing price of digital currency. Broken currency circle refers to the price of a digital currency falling below the issue price

8. Private placement in the currency circle:

private placement in the currency circle is a way to invest in cryptocurrency projects, and it is also the best way for the founders of cryptocurrency projects to raise funds for the operation of the platform

9. View of the K-line of the coin circle:

the K-line chart is also known as candle chart, Japanese line, Yin Yang line, stick line, red and black line, etc., which is commonly referred to as "K-line". It is based on the opening price, the highest price, the lowest price and the closing price of each analysis cycle

10. Moving bricks in currency circle:

moving bricks is to buy digital currency from the exchange with low currency price, and then transfer it to the exchange with high price to sell it

3. It's the initial calculation

4. 1. Digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

2. Digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
response time: January 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

5. The reason for computing power contract is that bitcoin mining has become more and more professional, and mining has higher and higher requirements on site and technology. Personal mining has become no longer relaxed and pleasant
therefore, computing power trading platforms like 58hash emerge as the times require. Users only need to purchase computing power, trust computing power to the computing power trading platform, pay a certain maintenance fee, and the computing power hosting platform will uniformly maintain the mining machines, and issue the extracted bitcoin to users on time.

6. Recently, a term "stacking economy" has become popular in the currency circle, which translates into pledge economy
this should be a new term rising after "Tongzheng economy" last year. Compared with the token economy, the pledge economy actually has a much greater interest relationship with our ordinary investors
so today's DDS distributed storage ecological community editor will share with you what is pledge economy and how is its investment
pledge economy is also a kind of mining in essence, but it is different from what we usually call bitcoin mining and Ethereum mining
bitcoin, lightcoin, Ethereum, BCH and other digital currencies are all based on proof of work (POW). Therefore, under this mechanism, the generation of new currencies is all competitive power, so there are all kinds of mining machines. At present, the most popular mining machine with the highest market share is bitmainland mining machine
when we want to participate in the mining of these digital currencies, we usually go to the market to buy mining machines, and then find our own machine room or entrust the mining machines to large mines for operation. The money that the miner digs every day, excluding electricity and operating expenses, is the net income
"piling" is another mining method. Usually, digital currency based on proof of equity (POS) and proxy proof of equity (dpos) adopts this mining method
in this mining method, the nodes in the blockchain system do not need too much computing power, but only need to pledge a certain number of tokens, which can generate new currency after running for a period of time, and the generated new currency is the income obtained through pledge
this is equivalent to that we can deposit money in the bank and get a certain amount of interest every year
2. What are the currencies that support the pledge economy
when the main network of EOS went online last year, the voting of the main node officially opened the prelude of stacking
it is 2020 that really makes this way hot. Since the beginning of this year, a series of digital currencies have been launched in the form of pledge. On the one hand, in order to recruit nodes, the project side carries out extensive publicity. In addition, the powerful operators are willing to cooperate with the project side as nodes to obtain stable income
as a result, the pledge mining economy is booming both inside and outside the circle
data distributed storage (DDS) is also a pledge mining mode
the DDS application circulates and pays for the charging services of the whole ecosystem app, such as: annual fee of video website, online ecation, online Red live broadcast, games, movies, catering, takeout, social networking, etc
DDS issuing mechanism: no private placement, no node selling, no project party. As you go in, as you go out, as you dig, as you sell. There is no big business. Human risk control and ecological empowerment
1. Total distribution: the total distribution of DDS is 180 million, with a constant total. The issue price is anchored at 0.5usdt
2. Design principle: the DDS team made a statistical analysis on the blockchains of data storage related instries with high return on investment in the world and drew a scatter diagram. The analysis results show that, combined with the user experience that the unit price of issue is easy to measure, the total amount of issue is 180 million
3. Distribution ratio:
5% candy distribution
5% pledge circulation
90% mining
according to the number of miners contribution space size mining, strictly in accordance with the hardware equipment involved in mining quantity, pledge certificate and mining output, token price, three trigonometric function output. In the second year, the annual output will be reced by half, and in the eighth year, the remaining output will be excavated.

7. General banks can exchange, but limited to Monday to Friday, I suggest you can go to Bank of China and Bank of communications, especially Bank of China, this business is very perfect, you can also use RMB to exchange US dollars in the future.

8. First of all, you can register a company in Hong Kong of any nationality. Secondly, most of them are not registered in Hong Kong. For example, the famous Biyuan chain, quantum chain, Ethereum and fire coin network are not registered in Hong Kong, most of them are in Singapore. It's also registered in Switzerland
it's very easy to register a Hong Kong company. You only need to provide your ID card and company name. The registration time is 10 to 15 working days. It's very fast.

9. Chongqing jinwowo network analysis: the function of smart contract refers to the combination of electronic contract and blockchain technology. The contract terms are recorded in computer language rather than legal language. When a pre programmed condition is triggered, the smart contract executes the corresponding contract terms.