The first exchange of Leyte currency
Litecoin (LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world< better use of digital currency trading platform coin exchange
data expansion:
lightcoin is inspired by bitcoin (BTC), and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol, and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places
bitcoin, lightcoin and other virtual cryptocurrencies are defined by the central bank as a kind of special Internet goods in China. Citizens can buy and sell freely at their own risk, which denies their monetary attribute. Central bank governor Zhou Xiaochuan once said that bitcoin is more like a tradable asset, similar to stamps. Since it's a commodity or asset, it's legal. Citizens' property is sacred and inviolable. Bitcoin house also published the full text of the joint notice on bitcoin risk issued by the central bank and other five ministries and commissions in 2013. You can see it from the emotional point of view
most of the major countries in the world also adopt a cold attitude towards bitcoin, because bitcoin may be used for money laundering, drug trading and other illegal activities.
In July 2017, Zhao CHANGPENG founded coin an. It took him six months to build it into the top three in global digital asset trading, with 6 million registered users. More than 30% of us digital currency players are users of coin an, which is now the largest virtual currency trading in the world
extended information:
value and repurchase mechanism:
1. Preferential dection of transaction fees of coin security platform
for users who participate in transactions on coin security platform, no matter what token they trade, if they hold enough BNB, the system will discount the transaction fees, According to the market value at that time, the equivalent amount of BNB is converted, and BNB is used to complete the payment of handling charges. Discount rate 50% 25% 12.5% 6.75% no discount
2. Buy back mechanism:
after the launch of the coin security platform, we will buy back 20% of the net profit of the current quarter of the coin security platform for BNB every quarter. The bought back BNB will be destroyed directly, and the buyback record will be published at the first time. Users can query through the blockchain browser to ensure transparency until the total number of BNB is 100 million
3. Decentralized trading "fuel"
in the future, BNB will also be the fuel of coin an's decentralized trading platform on the chain. BNB is needed when using coin an decentralized trading platform. It includes various functions such as dection of service charge and reward
