Unlock time of fun digital currency

1.

At present, whether a digital currency is a valuable currency basically belongs to the "angel wheel" stage. There are three criteria to determine whether a digital currency is a valuable currency: one is the team, the other is the economic model, and the third is the instry demand

The randomness of the

team is too great, so we will not discuss it here. This paper first makes a detailed analysis of the economic model of digital currency. In the following article, the author will analyze some digital currencies according to different instries

Strictly speaking, the economic model involved in this paper is not completely equivalent to the concept described in economics. Especially in digital currency, currency consensus mechanism and incentive mechanism

Consensus mechanism is the strategy and method for each node in the blockchain system to reach an agreement, which should be selected flexibly according to the different types of system and application scenarios

common consensus mechanisms include pow, POS, dpos, pbft (and its variants), etc. In addition, based on the different application scenarios of blockchain technology and the characteristics of various consensus mechanisms, this paper evaluates the technical level of various consensus mechanisms according to the following dimensions:

A) compliance supervision: whether super permission nodes are supported to supervise the nodes and data of the whole network

b) performance efficiency: the efficiency of reaching a consensus and being confirmed

Resource consumption: CPU, network input and output, storage and other computer resources consumed in the process of consensus

d) fault tolerance: the ability to prevent attacks and fraud

1 instry background

looking for Instry pain points: asset management needs professional team and knowledge, but now most digital currency investors do not have it; The fluctuation of digital money market is huge, and investors can't keep the value of assets in the falling market

2 own advantages

in the stock and futures markets for many years, has a mature and high-quality asset management team; AI big data team has strong technical strength

3 Market Research

after market research, it is estimated that the market value of asset management will be about US $1 billion in the next five years

4 total amount of digital currency

after considering the expected asset management market value, development cycle and difficulty, we will consider issuing 2 billion pieces of XT based on Ethereum erc20 digital currency, and never issue additional ones

5 allocation method

early stage investors hold 10%, teams hold 20%, business operation 10%, community construction 10%, and investors hold 50%

6 digital currency release / repo mechanism

the release mechanism can be divided into three categories:

the first category: the money holding part of business operation is fully unlocked, and the purpose is limited to business and operation activities

the second type: the release mechanism of community construction is that community members release exclusive information, cooperation platform release exclusive project progress and so on. According to the number of participating IDS, the corresponding proportion of XT is released (publishers and participants get 50% each) until all the releases are completed (after the release, the follow-up reward comes from the platform profit pool)

the third category: investors hold the mainstream digital currency, conct asset management in the platform, release a certain amount of XT according to the exchange ratio, and the early investors and the team hold part of it synchronously and unlock it according to the proportion

the repo mechanism is: 50% of the profit (in XT) will be returned to the holder; The rest goes into the platform profit pool, and 50% of XT in the profit pool is destroyed monthly until the total number of XT is 1 billion; The rest will be used as platform ecological construction fund

7 digital currency equity

profit sharing: holding XT is for platform users, and they can enjoy 50% of platform profits

platform Governance: participating in platform activities, enjoying XT awards and airdrop activities of other project parties

function customization: Based on platform AI big data, investors can purchase services optimized for indivial trading strategies

2.

in terms of cloth storage and mining, I recommend Heshu hardware wallet and jiajiabao intelligent home miner. The core advantage of the proct is safety

take sum hardware wallet as an example. The advantages of sum hardware wallet are as follows:

1. The private key seed is encrypted layer by layer, physically isolated and never touched the Internet.

firstly, when creating the wallet, the seed password is generated and stored in the local encryption chip, and the 10 bit payment password is required

then, the transaction is made in the wallet. At this time, the user needs to enter the payment password to obtain the private key to digitally sign the transaction, and the transaction is completed. In addition, the private key seed is permanently stored in the chip, which is physically isolated and never touches the Internet. There is no need to worry about my password being stolen by hackers

Second, the bank system verifies the financial level motherboard and encryption chip

uses the bank system to verify the financial level motherboard, and the private key seed is stored in the chip. If the proct is stolen or lost, and destroyed by malicious violence, the chip will trigger a self destruct circuit, and immediately permanently and irrecoverably delete all the information in the area

Third, it supports the withdrawal of global bitcoin ATM, which is convenient and fast

the reason why digital assets attract the attention of many fields in the world is that it is creating a global fast circulation, and the larger the circulation field is, the wider the scope is, and the higher its use value is. The core of digital assets is the medium it acts on among currencies. The Heshu wallet has built-in many mainstream exchanges in the world. It can trade digital assets anytime and anywhere. With one machine in hand, it can walk around the world without worry, and no longer have to worry about exchanging foreign currency

Different from conventional digital wallets, multi signature wallets need the authorization of multiple key holders to transfer digital currency, so the security of multi signature wallets is higher. Ordinary Wallet: a wants to transfer a bitcoin to X. A only needs his signature (using the private key) to complete the transaction. Sum Wallet: if a wants to transfer a bitcoin to x, a multi signature verification is set (at least two signatures of Abc3 indivials are required to transfer the money), then a needs B or C to complete the signature (using the private key) when a wants to transfer the money to X. I hope I can help you. Thank you

3.

The digital currency wallet is the hardware wallet, which means that the private key of digital assets is stored in a single chip, isolated from the Internet, plug and play. Hardware wallet can't guarantee 100% security. For example, if a geek gets your hardware wallet and doesn't know your private key, it may be cracked by violence. It's just one of the safest storage methods compared to other storage methods

many block chain entrepreneurs at home and abroad are optimistic about the development of this field, so they begin to build more hardware wallets. In the case of the exchange being stolen a lot of money and the software wallet being stolen from time to time, many investors regard the hardware wallet as the last moat

extended information:

whether the hardware wallet is safe

the hardware wallet can not guarantee 100% security. For example, if a geek obtains your hardware wallet, it may be cracked violently even if it doesn't know your hardware wallet immediately. It's just one of the safest storage methods compared to other storage methods

of course, there are exceptions, such as you have unlimited brain power and never forget. It's better to save it anywhere than in your own mind

4.

"Transaction is mining" is a typical platform operation mode. Users mine through transactions. Some platforms will issue their own tokens as rewards for users' trading behavior

Relevant introction:

in June 2018, the cryptocurrency exchange fcoin put forward the concept of "trading is mining", and in a short period of time, the daily trading volume rose to the first in the world, triggering a war between exchanges

"transaction is mining" is actually a return mechanism of personal transaction fees based on platform currency. Strictly speaking, there were similar playing methods before the establishment of fcoin. For example, bibox had a mechanism to return a certain proportion of fee income to platform currency holders

extended data

fcoin's "transaction is mining" is repackaged. Following the allocation rules of bitcoin mining, 51% of platform currency ft is taken as the mining reward pool. Through "mining (trading on fcoin)", FT is graally unlocked. Once 51% of FT is fully fed back, "mining" is automatically terminated

in terms of specific implementation, fcoin trading means mining starts at 0 o'clock every day (GMT + 8), and the transaction fees generated by users will be converted into ft for accumulation every hour. The conversion price is calculated according to the average price of FT in that hour (the average price is calculated as total transaction amount / total trading volume)

5. So far, the central bank has not issued digital currency. At present, the digital currency in the market is deceptive. Be careful to be cheated.

6.

Digital currency can be considered as a virtual currency based on node network and digital encryption algorithm. The core characteristics of digital currency are mainly reflected in three aspects:

1. Because digital currency comes from some open algorithm, it has no issuer, so no one or organization can control its issuance

When determining the number of solutions, the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by excessive issuance of virtual currency

3. Because the transaction process needs the approval of each node in the network, the transaction process of digital currency is safe enough

extended information:

the central bank concted a private test on this digital currency, and some civil servants' salaries were received in the form of digital currency

screenshots of the digital currency wallet applications launched by Agricultural Bank of China, China Construction Bank and Bank of China are widely spread on the Internet, showing various functions, including the ability for depositors to track digital currency transactions and associate digital currency wallets with their existing bank accounts

7. Economic downturn
in recent years, the pressure of economic downturn is great, and the global economy has slowed down significantly. In this case, people tend to buy investment goods with value preservation, rather than invest money in consumer goods or proction. Bitcoin is a good place to invest
the number of bitcoin is constant, and it is not controlled by the central organization, which means that bitcoin has good reliability. In addition, bitcoin can be invested through the Internet, while the traditional investment threshold is relatively high, so the speed of capital entering bitcoin is particularly fast. The price of bitcoin has been unstable, which is also related to the fast in and fast out nature of the Internet. And the current economic situation is promoting the rapid flow of capital into bitcoin
foreign exchange control
e to the great downward pressure of the economy, in order to prevent capital outflow and ensure the stability of the exchange rate, all countries have adopted a certain degree of foreign exchange control measures. For example, China has adopted relatively strict RMB exchange control. If you want to exchange RMB into US dollars, there are many restrictions. Ordinary people can only exchange US $50000 a year. At this time, bitcoin has become a means to circumvent foreign exchange restrictions

bitcoin is a money laundering channel
for example, you can use RMB to buy bitcoin and exchange it for us dollars. You can exchange through different trading platforms. For example, you can buy bitcoin in RMB on Chinese websites, and then sell bitcoin into US dollars on American websites. As a result, bitcoin has been welcomed by many money launderers, and its price has gone up all the way
the regulation of bitcoin trading platform is relaxed
the transactions between bitcoins are difficult to monitor, but the bitcoin trading platform can be monitored. For example, if your trading platform is a Chinese website, it will naturally be regulated by the Chinese side. At the beginning of last year, e to the intervention of regulatory authorities, three domestic bitcoin trading platforms suspended the withdrawal of bitcoin, and bitcoin fell sharply. However, in June, these bitcoin trading platforms resumed the withdrawal service, claiming that they had completed the upgrade of the anti money laundering system. This is good news for bitcoin, and the rise of bitcoin price is reasonable
bitcoin blackmail virus impact
the recent bitcoin blackmail virus wannacry is impressive. Wannacry will encrypt computer data and blackmail users to pay for bitcoin decryption. The virus is spreading everywhere, and many people are forced to buy bitcoin to redeem the data (but the data can't be decrypted), which also pushes up the price of bitcoin
bitcoin extortion viruses such as wannacry also push up the price of bitcoin
we can see that there are many factors pushing up the price of bitcoin. In fact, in addition to bitcoin, the prices of other similar digital currencies are soaring. Bitcoin is generated based on algorithms, and other digital currencies with similar principles include lightcoin, Ethereum, dogcoin, etc. The price of these digital currencies, especially Ethereum, has also risen significantly recently. Ethereum and other coins are still profitable even if they use graphics cards for mining. Recently, amd graphics cards are out of stock, and the culprit is Ethereum and other coins. For this reason, AMD and NV intend to launch mining special supply cards to avoid mining affecting the normal sales of graphics cards
as a result, bitcoin has risen.

8. About the current account of nmsa digital currency is locked, you can consult the relevant staff

9. Ah, TD digital currency shows that the lock has been used. What's the situation? In this case, it's better to unlock one, and one is OK