Digital currency GMPC
As of July 24, 2020, the state has not issued any laws to prove that bitcoin mining machine is illegal
bitcoin mining machine is one of the ways to obtain bitcoin. Bitcoin is a kind of network virtual currency proced by open source P2P software
it doesn't rely on the issuance of specific monetary institutions, and it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
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the issue and transaction of bitcoin are realized by mining, and it is cast at a certain but slowing rate. Each new block is accompanied by a certain number of new bitcoin from scratch, which is used as a coinbase transaction to reward the miners who find the block
the reward for each block is not fixed. For every 210000 blocks mined, it takes about four years, and the currency issuance rate is reced by 50%. In the first four years of bitcoin's operation, each block created 50 new bitcoins. Each block creates 12.5 new bitcoins. In addition to the block award, the miner will receive a handling fee for all transactions within the block<
source: Internet - bitcoin mining machine
G payment (GMPC pay) solves the pain point of digital asset payment, realizes transactions between different currencies, effectively solves the current payment dilemma, and brings more traffic to businesses. The hybrid payment system not only supports GMPC payment, bitcoin, Ethereum, member groups, but also not only the current Columbus members, including tens of millions of people in China, People eager to consume digital assets. The biggest problem solved by the hybrid chain is that it can let the national digital assets circulate freely
Brian Choi, founder of GMPC hybrid chain, said that GMPC hybrid chain technology is the first technology in the world to realize data interaction, traffic transmission and asset transfer between different cross chains and alliance chains. It pioneers gbft consensus protocol, integrates the latest hotstuff BFT idea, and its performance and stability far surpass those of traditional public chains and alliance chains. GMPC hybrid chain technology provides a solid technical background support for global application scenarios of g-payment, and g-payment will also be one of the important landing applications of GMPC hybrid chain. The advent of G payment will break the awkward situation of the existing blockchain payment application, become the pioneer of digital finance, and promote the reform and development of the whole blockchain instry and the existing payment instry
Author: GMPC
link: https://xueqiu.com/5597329794/138698184
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