Ethereum fraud

1.

Ethereum energy coin is not MLM

Ethereum is an open source public blockchain platform with smart contract function. Ethereum provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum

in 2013, vitalik buterin, 19, first mentioned the idea of Ethereum in a book entitled "Ethereum white paper: next generation intelligent connection and decentralized application platform". Then, in 2014, the algorithm and protocol of Ethernet coin were officially implemented, and $150 million was raised. The system itself was finally completed on July 30, 2015

as the representative of blockchain 2.0, the mainstream currency Ethernet is regarded as the wind vane of crypto digital currency market. However, over the past week, the price of ether currency has continued to fall. On August 14, 2018, the ethereal currency plummeted by 20%, reaching a record low of $257 this year. Compared with this year's peak of $1295, the price of Ethernet currency has shrunk by more than 80%. Affected by this, on August 15, 2018, none of the top ten mainstream currencies in the digital money market was spared, falling across the board, with a number of single day declines exceeding 10%

extended data

Ethereum started planning almost in 2013, and started to implement the project in 2015. Before that, there were many digital currencies imitating bitcoin in the market, and they made various modifications on the basis of bitcoin code. In this way, it is very difficult to develop a new blockchain application, to re deploy a new chain, and then to develop an application on this chain. Using a consensus mechanism of pow alone is a huge maintenance workload. It's like developing an app on a mobile phone and developing the Android system together

after Ethereum comes out, it is equivalent to the underlying operating system of the blockchain. On Ethereum, it is very convenient to develop various dapps without considering the underlying development, and it can also share the computing power and storage of Ethereum. For programmers, the threshold of blockchain development is lowered instantly. The emergence of Ethereum has played a very important role in the development and popularization of blockchain applications. That's why Ethereum is called blockchain 2.0

2.

There is an essential difference between Ethereum and bitcoin. What is the difference? Bitcoin defines a set of currency system, while Ethereum focuses on building a main chain (which can be understood as a road) to allow a large number of blockchain applications to run on this road

from this point of view, Ethereum's application scenarios are more extensive, which is why we say that Ethereum marks a simple monetary system in the era of blockchain

1.0, and a transformation to other instries and application scenarios in the era of blockchain 2.0

however, there is no perfect thing in the world. Although Ethereum has expanded the application scope of blockchain in all walks of life and improved the speed of transaction processing, it also has some disputes and doubts

first, the solution to the lack of scalability of Ethereum: slicing technology and lightning network

the bottom design of Ethereum, the biggest problem is that Ethereum has only one chain and no side chain, which means that all programs have to run on this chain equally, consuming resources and causing system congestion. Just like last year's very popular Ethereum game "encryption cat", when this game was very popular, it once caused Ethereum network paralysis

to improve the processing capacity, Ethereum proposes two ways: shard and lightning network. Let's introce these two technologies respectively

(1) fragmentation technology

vitalik buterin, founder of Ethereum, believes that the reason why mainstream blockchain networks such as bitcoin process transactions very slowly is that every miner has to process every transaction in the whole network, which is actually very inefficient. The idea of fragmentation technology is: a transaction does not need to be processed by all nodes in the whole network, as long as some nodes (miners) in the network are allowed to process it. Therefore, Ethereum network is divided into many pieces. At the same time, each piece can handle different transactions. In this way, the network performance will be greatly improved

however, the slicing technology is also controversial. As we all know, the important idea of blockchain technology is decentralization. Only when the whole network witnesses (processes) the same transaction can it have the highest authority. The Ethereum slicing technology is similar to the group witness, not all nodes witness together. In this way, it will lose the absolute "decentralization" attribute, and can only achieve the purpose of high performance by sacrificing certain characteristics of decentralization

(2) lightning network

lightning network uses the way of transaction under the chain. What does that mean? It means: when the participants of lightning network transfer money to each other, they do not need to confirm the transaction through the main chain of Ethereum, but create a payment channel between the participants and complete it under the chain

however, lightning network is not separated from the main chain. Before establishing a payment channel, you need to use the assets on the main chain as collateral to generate a balance proof, which indicates that you can transfer the corresponding balance. In the case that both parties of the transaction hold the balance certificate, both parties can make unlimited number of transfers under the chain through the payment channel

only when the off chain transaction is completed and the assets need to be transferred back to the chain, the balance change information of the main chain account will be registered on the Ethereum main chain, and no matter how many transactions occur ring this period, there will be no record on the main chain

another real benefit of lightning network is that it can save the cost of miners for you. At present, when we trade on the main chain of Ethereum, we need to consume gas and pay for miners. Once we move the transaction to the lower chain, we can save this part of the cost

Of course, lightning network is not perfect. When using the lightning network, the assets on the main chain should be used as collateral; And this part of assets as collateral can not be used before the user completes the transaction under the chain. This also determines that lightning trading is only suitable for small transactions

the above is the problem of insufficient scalability of Ethereum, as well as the two main solutions: fragmentation technology and lightning network

Second, there are loopholes in Ethereum's smart contract and the infamous Dao event

Ethereum's smart contract is very powerful, but there are loopholes in any code. The biggest controversy of Ethereum's smart contract lies in the so-called loopholes, that is, security issues. According to relevant research, 34200 (about 3%) of the nearly 1 million smart contracts based on Ethereum contain security vulnerabilities, which will allow hackers to steal eth, freeze assets or delete contracts, such as the infamous Dao incident

(1) what does Dao mean

before introcing the Dao event, let's first introce what Dao is. Dao is the abbreviation of decentralized

autonomous organization, which can be understood as decentralized autonomous organization. From the perspective of Ethereum, Dao is a kind of contract or a combination of contracts on the blockchain, which is used to replace the government's review and complex intermediate proceres, so as to achieve an efficient and decentralized trust system. Therefore, Dao is not a specific organization, that is to say, there can be many Dao, all kinds of Dao

(2) the infamous Dao event

however, when we talk about Dao now, we basically refer to the Dao event, that is, the infamous hacker attack event we just mentioned. As we know, the English word "the" refers to "the Dao event". The Dao event

refers to "the Dao event", because we just said that Dao is not a specific organization, there can be many Dao, all kinds of Dao

in 2016, slock.it, a German company focusing on "smart locks", launched the Dao project on Ethereum in order to realize decentralized physical exchange (such as apartments and ships). Since April 30, 2016, the financing window has been open for 28 days

unexpectedly, this Dao project is very popular. It raised more than US $100 million in just half a month. By the end of the whole financing period, it raised a total of US $150 million. Therefore, it has become the largest crowdfunding project in history. However, it didn't last long. In June, hackers took advantage of the loopholes in the smart contract to successfully transfer more than 3.6 million Ethernet coins and put them into a Dao sub organization, which has the same structure as the Dao. At that time, the price of Ethernet currency fell directly from more than $20 to less than $13

this event shows that there are loopholes in smart contracts, and once the loopholes are exploited by hackers, the consequences will be very serious. This is why many people criticize Ethereum and say that its smart contract is not smart

to solve this problem, many foreign companies begin to provide code audit services in order to solve the vulnerability problem of smart contract. From a technical point of view, some teams are currently testing smart contracts. Most of these teams are led by professors from Harvard, Stanford and Yale, and some of them have obtained investment from leading institutions

in addition to the problems of insufficient expansibility and loopholes in smart contracts, the controversy over Ethereum lies in the POS consensus mechanism it pursues, that is, the proof of equity mechanism. Under the proof of equity mechanism, if anyone holds more money and holds it for a longer time, he will get more "rights" (interests) and have the opportunity to get bookkeeping power, Bookkeeping can also be rewarded. In this way, it is easy to create the oligarchic advantage of "the stronger the stronger"

Another problem is the chaos of ICO. ICO is a common way to raise funds for blockchain projects, which we can understand as pre-sale. The outbreak of ICO projects on Ethereum has caused illegal activities such as fund allocation and money fraud under the banner of ICO, which has caused security risks to social and financial stability

3.

The monetary gold and silver Bureau of the people's Bank of China issued the "risk warning on issuing or promoting digital currency in the name of the people's Bank of China". In the risk warning, the central bank stressed: our bank has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency. The central bank stressed that the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

if you are interested in more anti fraud information, you can pay attention to my "Laohan anti pyramid scheme", which will continue to update the inside routines and reveal the secrets of pyramid scheme. I hope you can be more vigilant and stay away from the pyramid scheme

4. Beijing fire coin World Network Technology Co., Ltd.
fire coin network generally refers to Beijing fire coin World Network Technology Co., Ltd.

Beijing digital currency trading company
Beijing fire coin World Network Technology Co., Ltd. is a digital currency trading company, founded by Li Lin in Beijing on May 1, 2013. On April 4, 2014, huoyuan.com won a round of tens of millions of RMB investment from Sequoia Capital, the top venture capital institution on Wall Street. On August 5 of the same year, fire coin acquired bitcoin wallet "fast wallet" and qukuai.com<

Chinese name
Beijing huoyuantianxia Network Technology Co., Ltd.

foreign name
Huobi Technology Co, Ltd.

headquarters location
Liangsheng building, Middle Road, Xierqi, Haidian District, Beijing

business scope
digital currency transaction

founder
Li Lin

total transaction volume
200 billion yuan (as of 2016)

all authoritative information
legal representative
Li Lin

business status
in business


registered capital
100

registration time
December 18, 2013

registered address
the first floor of 29b building, No.11 anningzhuang Road, Haidian District, Beijing The above information is provided by tianyancha

94% of the people have also seen the
China coin exchange
blockchain news platform
reliable and profitable blockchain app
Company Profile
fire coin is committed to building a safe bitcoin trading platform, and the team has many years of financial risk control experience. The core members graated from Tsinghua University, Peking University, Fudan University and other domestic famous universities, and came from domestic Internet and financial enterprises such as Goldman Sachs, Internet, Oracle, Tencent and Alibaba

in April 2015, fire coin set up fire coin blockchain Research Center, and established "digital asset research project" with Internet Finance Laboratory of Wukou School of finance, Tsinghua University (former Graate School of central bank) [1]. In July 2016, together with the Internet Finance Laboratory of Wukou College of Finance and sina science and technology, huobi.com released the 2014-2016 global bitcoin Development Research Report [2]. In the same month, the fire coin blockchain research center and the Mechanical Instry Press published the book "blockchain: defining the new pattern of Finance and economy in the future" [3]<

Proct Introction
flash player: a short-term trading tool tailored for traders. It provides 250 real-time transaction records per second for 20 outlets, 0-delay flash trading, supports split screen display of trading window and quotation window, and allows users to analyze quotation chart

hotcoin app: an app with comprehensive functions in bitcoin instry. A bitcoin trading app providing registration, recharge, trading, cash withdrawal and information integration services. This app has a price reminder function<

organizational structure
Li Lin
founder and chairman

Mr. Li Lin is the founder and chairman of fire coin and the promoter of global digital currency trading. Since the establishment of fire coin, he led the team to develop fire coin into a leading digital currency trading platform in the world. By the end of 2016, the accumulated trading volume was RMB 200 billion. Before the founding of fire coin, Mr. Li Lin worked in Oracle Asia Research Center and served as a R & D Engineer; In 2009, we founded the social proct Youyi based on MSN; In 2010, the second largest independent group buying search company in China was founded. Mr. Li Lin led the team to break the instry records repeatedly, and has rich experience in Internet Finance entrepreneurship and team management<

Du Jun, co-founder and director

Mr. Du Jun is the co-founder and director of fire coin, and a world-famous digital asset investment and manager. Prior to the establishment of fire coin, Mr. Du Jun worked in Kangsheng chuangxiang, a well-known community software company, and successively served as marketing director, operation director and proct manager; After Tencent acquired Kangsheng chuangxiang, it became its core proct Discuz! Proct leader, lead Discuz! Proct design of X series and Application Center. Mr. Du Jun has outstanding performance in marketing, operation, creativity and other fields.

5. Before Wen Yuan, the character was Han Ze, all pseudonyms! Before they cheated us to buy mythical currency, now the dog cheated us to buy bitcoin on their own fake platform. The data on the platform will be delayed compared with the external disk. In this way, they can control long or short. If they ask you to reverse it, you will be closed, and you will not know how to die! These are all pig plates (three months of harvesting victims, the first month has given lectures for Mingbo's favor, the second month deliberately said that stocks are not easy to do, how good digital currency bitcoin is, and then told you that their own fake digital currency has prospects, deliberately took out their own fake account to cheat people in, the third month after harvesting, the swindler lost contact, and the swindler retreated completely), We have been cheated in the case of 10 people arrested, but this fake article is far from continuing to be a shooter, cheating! Now, there is a group called "competing for the best" and an organization called "JingWuMen". They have a clear division of labor among cheaters (lecturing, entrusting, collecting money, opening an account, assistant, etc.) and really ignore the national law! Now Wenyuan has an account holder named Liu Qian, Zhang Jia (pseudonym) and others. I suggest you buy ukgr digital currency! Lower case (ukgr) don't buy it. The platforms are all made by themselves. You can control the rise and fall at any time. If it's not a real platform, you can close the platform at any time! It's the same as the myth coin recommended by Han Ze (the same person in Wenyuan) before. It's all fake! At present, we have lost hundreds of millions! The whole country has also set up an ad hoc group to solve this case. I hope that more people who have been cheated can read this article, so that this group of swindlers can be less successful! Finally! The most important word! Ask the local police before investing, because they will explain to you that this is a fraud! It's a fraud!

6.

Etheric vision is not MLM. As of February 22, 2019, the enterprise has not been recognized as MLM by relevant departments

ethervision is an international enterprise building a blockchain ecosystem. It is committed to building an Ethereum ecosystem through the platform of ethervision, supplemented by a broad vision, to make a big difference in the world. The core team of the company has more than 5 years of experience in blockchain R & D and operation. It is a blockchain platform integrating blockchain research, digital currency mining, instry information integration, ecation in the digital era and other functions

"vision" in "Horizon" has the meaning of far sightedness, broad vision and broad vision, while "Horizon" in "Horizon" means to reach the summit with unlimited vision. The horizon is the boundless, no matter where the eye reaches or not, it is the horizon. Just like Ethereum, an emerging blockchain technology, has a future that people can't see at a glance

Ethernet horizon uses blockchain technology, with its multiple characteristics of decentralization, openness, autonomy, information tampering and anonymity, and through effective and real data analysis and technology research and development, it has successfully built an open and comprehensive ecosystem of Ethernet wallet, Ethernet club, Ethernet platform and Ethernet assets based on blockchain technology

7.

Zhejiang Yongqi blockchain Technology Co., Ltd. is another limited liability company incorporated in Xihu District, Hangzhou City, Zhejiang Province on August 29, 2018, with its registered address at room a1006, building 13, Xixi Mingyuan business center, Liuliu street, Xihu District, Hangzhou City, Zhejiang Province

the unified social credit code / registration number of Zhejiang Yongqi blockchain Technology Co., Ltd. is 91330106ma2ce0mlxg, and the enterprise legal person is Ge Jibin. At present, the enterprise is in business

in Zhejiang Yongqi blockchain Technology Co., Ltd., the current registered capital of the enterprise is general

view more information of Zhejiang Yongqi blockchain Technology Co., Ltd. through network enterprise credit

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9. More than 90% of Foshan's enterprises are concentrated in Nanhai District, and most of them have settled in the "blockchain +" financial technology instry incubation center of Guangdong financial high tech Zone, which has formed a certain scale of agglomeration effect. As of July 2019, more than 40 enterprises have entered the incubation center, covering such application scenarios as government data management, supply chain management, supply chain finance, cross-border trade, instrialization of intellectual property protection, food traceability, information security testing, etc.