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Ethereum chain team

Publish: 2021-05-06 06:50:34
1.

a brief history of etheric Classics (etc)

etheric classics began with an unfortunate event

in May 2016, the decentralized autonomous organization (DAO) held a token sale with the goal of establishing a blockchain based venture capital to fund future decentralized applications (dapps) in the Ethereum ecosystem

basically, Dao is a complex smart contract that operates in a decentralized way - computer code that automatically performs tasks between multiple parties when conditions are met

despite its ambitious goals and successful token sales, Dao's code has a major vulnerability that allows attackers to steal eth from decentralized organizations

the attacker took advantage of this vulnerability in June 2016, triggering the infamous Dao hacking event, and maliciously stole eth worth about US $50 million

there is no doubt that Dao hacking has shocked Ethereum community and made eth price drop from $20 to $13

after the Dao hacking, the Ethereum community has to choose from three options

< UL >
  • do nothing and try to bear the consequences of the attack

  • start soft bifurcation to recover funds

  • deploy a hard fork to recover the lost eth

  • both soft and hard bifurcations are significant network upgrades. However, soft fork allows users who are not upgraded to communicate with upgraded users, while hard fork is not backward compatible with previous versions

    as developers realize that deploying soft forks will expose the network to distributed denial of service (DDoS) attacks, Ethereum community decides to initiate hard forks to recover the funds lost in Dao hacking attacks

    although this scheme is supported by most people, a small number of people in Ethereum community oppose it. They think that "code is the law" and blockchain network should be unchangeable

    the failure of both sides to reach an agreement on the solution eventually led to the fragmentation of Ethereum blockchain

    those who tried to recover the lost eth chose the hard fork and opened the Ethereum (ETH) blockchain as we know it today, while another group stayed on the original Ethereum classic (etc) chain

    what problems does ethereal classic solve

    Ethernet classic (etc) is a blockchain platform that allows developers to deploy smart contracts and dapps

    although this function is the same as Ethereum (ETH), etc blockchain has two main differences

    first of all, Ethereum classic community opposes tampering with distributed ledger and supports the view that "blockchain network cannot and should not be modified"

    secondly, although there is no rigid upper limit on the total supply of eth, it is allowed to create 230 million etc at most by adopting the monetary policy of constant supply

    as a bonus item, ethereal classic launched Atlantis hard bifurcation last year to increase the interaction with Ethereum and improve the privacy protection of transactions through ZK snarks

    the trading platforms recommended by ethereal classic etc are: Fire coin, okex, AAX, etc

    2.

    Blockchain includes public blockchain, joint (instry) blockchain and private blockchain. Public chain point-to-point e-cash system: bitcoin, smart contract and decentralized application platform: Ethereum

    blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies

    blockchain is an important concept of bitcoin. In essence, it is a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains a batch of bitcoin network transaction information, Used to verify the validity of its information (anti-counterfeiting) and generate the next block



    extended data

    according to the different degree of blockchain network centralization, three kinds of blockchains under different application scenarios are differentiated:

    1. The blockchain with the whole network open and without user authorization mechanism is called public chain

    2. The authorized nodes are allowed to join the network, and the information can be viewed according to the authority. It is often used in the inter agency blockchain, which is called alliance chain or instry chain

    3. All the nodes in the network are in the hands of one organization, which is called private chain

    alliance chain and private chain are also called licensing chain, and public chain is called non licensing chain

    blockchain features

    1, decentralization. Blockchain technology does not rely on additional third-party management institutions or hardware facilities, and there is no central control. In addition to the self-contained blockchain itself, each node realizes information self verification, transmission and management through distributed accounting and storage. Decentralization is the most prominent and essential feature of blockchain

    2. Openness. Blockchain technology is based on open source. In addition to the private information of all parties involved in the transaction is encrypted, the data of blockchain is open to everyone. Anyone can query blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent

    3. Independence. Based on consensus specifications and Protocols (similar to various mathematical algorithms such as hash algorithm used by bitcoin), the whole blockchain system does not rely on other third parties, and all nodes can automatically and safely verify and exchange data in the system without any human intervention

    4. Safety. As long as 51% of all data nodes cannot be controlled, the network data cannot be arbitrarily manipulated and modified, which makes the blockchain itself relatively safe and avoids subjective and artificial data changes

    5. Anonymity. Unless there are legal requirements, technically speaking, the identity information of each block node does not need to be disclosed or verified, and the information can be transferred anonymously

    3. Minerhub's wondermole system is a "diskless" mining system based on Linux kernel, which is deeply customized for miners' friends

    solve the problem in an all-round way

    1. Miracle Moore's Linux kernel has been deeply optimized for more than 200 times to avoid the problem that some hardware failures will directly lead to system crash
    2. In view of the situation that many mining software in the market can't connect to the mining pool after restart, miracle Moore perfectly solves the problem by using the function of resetting the image after each restart of the mining machine
    3. After testing, the average computing power error and delay share of miracle Moore system in each mine pool are not more than 1.5%, which significantly improves the mining revenue of users
    4. After numerous experiments, miracle Moore development team has obtained the optimized VBIOS overclocking setting of graphics card. Compared with the traditional overclocking method, it can further improve the computing power of graphics card by 5% and rece the power consumption by 15%!
    4.

    what is Ethereum:

    Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. Blockchain technology is one of them
    Ethereum platform can safely run any program users want

    advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum

    what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application

    The design of Ethereum is very flexible and adaptable

    Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields

    blockchain applications of Ethereum

    Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc

    Ethereum has achieved more than 100 blockchain applications by many start-ups

    Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged

    the relationship between Ethereum and blockchain:

    Ethereum is a programmable blockchain

    Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes

    in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency

    like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"

    5. Ethereum blockchain has exposed three major problems, and its founder vitalik buterin has been unable to interpret them for a long time. The first is the low performance and TPS of Ethereum blockchain as a whole; The second is that resources are not isolated. The event of cryptokitties virtual cat once occupied 20% of the traffic of the whole Ethereum, which directly caused Ethereum network users unable to carry out timely transactions, which is the biggest pain point of resources not isolated; The third problem lies in the embodiment of Ethereum's governance structure. As a decentralized distributed ledger, the founder team of Ethereum has dominated its network development in the past. The over centralized governance mode has led to the bifurcation of eth, etc and ETF in Ethereum, and the Ethereum community is now in a state of fragmented governance. In the view of Ma Haobo, founder and CEO of "aelf", all kinds of disadvantages of Ethereum are unacceptable. Therefore, the positioning of "aelf" is born for the next generation of decentralized underlying computing platform of Ethereum, which focuses on solving the problems of insufficient performance, non isolation of resources and governance structure of Ethereum.
    6. Many blockchain projects are developed on the basis of Ethereum's open source technology. Ethereum is a common public chain technology, and the deployment of applications on Ethereum has high requirements for developers. Developers need to consider many technical details and business processing logic, as well as security vulnerabilities such as smart contract overflow
    the trust union credit alliance chain is located in the financial public chain, which is oriented to the high-frequency financial application scenarios in the field of credit and assets. It does not use eth, EOS, Neo and other general public chains, but uses the account structure of star network, adopts the lightweight intelligent contract layer, and the whole technical architecture is molarized according to "high aggregation and low coupling", This enables the trust union credit alliance chain to adapt to the requirements of rapid development, rapid implementation and timely response of Internet financial procts.
    7. Ethereum, ETH for short. At the end of 2013, vitalik released the white paper of Ethereum, and in July 2014, the pre-sale of Ethereum began. At that time, insiders called this kind of token issue "crowdfunding". Through the 42 day pre-sale, the Ethereum team raised more than 30000 bitcoins through the pre-sale of 60102216 Ethernet coins; In addition, the early contributors who participated in the development before the pre-sale and the developers who have been engaged in project research for a long time are allocated according to 9.9% of the total amount of Ethernet coins sold at that time. So when Ethereum was officially released, there were more than 72 million Ethereum coins. After the end of Ethereum's pre-sale, it uses the proof of work mechanism POW for mining, and rewards the miners according to 26% of the total amount issued at that time every year. In October 2014, Ethereum reced the block output time from 60 seconds to 12 seconds, and now it is basically stable at 15 seconds, with 5 etheric coins awarded for each block
    although the pow mining mechanism is adopted, the block out mechanism of Ethereum is different from that of bitcoin. Due to the short block time of Ethereum, Ethereum is easy to form isolated blocks. Isolated blocks refer to the blocks that are not on the longest chain. Bitcoin's isolated blocks have no block rewards, but in Ethereum, isolated blocks can be referenced. The referenced isolated blocks are called "Uncle blocks", and their packaged data will also be recorded in the blockchain. Unlike bitcoin, Ethereum's TERT block has a reward, and each TERT block can get a reward of 4.375 Ethernet coins at most
    Ethereum is a programmable and Turing complete blockchain development platform, which is equivalent to a decentralized global computer. In a programming system, there are usually some virtual machines to compile and execute. Java has JVM. In Ethereum, there is also Ethereum's virtual machine EVM, which can execute any complex algorithm code. Developers can use existing programming languages such as JavaScript or Python to create their own applications on Ethereum. Through Ethereum's virtual machine, you can easily issue digital assets, write smart contracts, set up and run decentralized applications, and set up decentralized autonomous organizations
    eth is also known as the internal fuel of Ethereum. Unlike currency digital assets, Ethereum is not only used for transfer, but also for payment of smart contracts
    in order to prevent the Ethereum blockchain from being full of junk contracts and junk applications, and to establish and run smart contracts on Ethereum, you must use eth to pay for smart contracts. For example, when you transfer your newly created digital assets on the Ethereum blockchain, you need to use eth to pay the handling fee instead of your newly created digital assets.
    8.

    A vigorous "blockchain movement" is sweeping like a wave, threatening everyone around. From last year to this year, the debate over blockchain has never stopped. Is blockchain, as its advocate Chen Weixing said, the "spring of mankind", the "antidote to the global economic collapse", or as his doubter Zhu Xiaohu said, "blockchain is a fake outlet, and there is nothing left except currency speculation"

    we think that this instry needs standards, otherwise we will talk about blockchain for a long time, and the concept of talking is not the same, and even some enterprises claim to make their own blockchain, and they just change the database. With the authoritative standard of trusted blockchain, we can screen out the enterprises that obviously sell dog meat, and let the enterprises that really do blockchain technology get endorsement

    Ce: how does Tencent solve the problem of talent scarcity in the blockchain field

    CAI Yige: our technical talents are basically transformed from Tencent. The blockchain instry is very new, and few people have done blockchain. Just like the arrival of mobile network in those years, it's very difficult for you to recruit Android and IOS developers. We all cultivate ourselves

    9.

    1. Wikilink wicc introction:

    wikilink is a complete intelligent contract platform supporting Turing, through which various application scenarios such as guessing games, asset trading, foreign exchange trading can be realized

    wikichain is a public chain. After opening API interface, wikichain, like Ethereum and other blockchain public chains, can be developed and operated by indivials and units around the world, including guessing games, asset trading, foreign exchange trading and other applications

    the main website of wikilink has been officially launched, and the wikilink quiz DAPP was officially released on May 18. Wikilink guessing game application is an attempt by the government to test the stability and security of its public chain operation, and it is also an entry point to obtain users. It needs to be specifically stated that wikilink officially operates only guessing games, and does not involve any gambling or gambling linked with legal coins. The props used in the game are game coins released through smart contracts, The game currency is free of charge from wikilink official, and does not need to be purchased by users. The game currency is not exchanged with any legal currency or digital currency, and wikilink does not provide any direct or indirect exchange channel. However, the game currency won by users in the guessing game can participate in the ranking of points, and wikilink officials can distribute prizes to users free of charge according to the ranking

    the application or website developed and operated by the third party based on wikilink public chain should comply with local laws and policies. If the local laws and policies require the relevant license or qualification, the developer or operator should obtain the relevant license or qualification before publishing and operating the application

    2. Introction to wikilink wicc team:

    wikilink team includes developers who enjoy reputation in the instry and have successful project experience, as well as senior operators and experts who have been immersed in the target instry for many years. Wikichain team is a team focusing on the foundation and application of blockchain instry. Now there are nearly 70 people in the research, technology and business team of blockchain. With the development of wikilink and the increase of its application market share, wikilink will absorb talents who are willing to contribute to the community with an open attitude

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