Prevent Ethereum from blocking
money, as a measure of transaction value, does not necessarily have value in itself, it can only be used as an intermediate unit of measurement. It's just like China has only RMB as legal tender, that is to say, government guarantee has value. For example, in those war-torn areas, ten jin currency may not buy an egg, which is the reason
back to digital currency, digital currency, until now, no country has recognized it as the currency in circulation of its own country. It seems that last year or the year before last, our country also banned some. In this case, digital currency can only be sold at a price higher than your purchase price, so that you can make money. But digital currency itself does not have any value. Unlike stocks, it is your ownership of listed companies. So if you can't find someone to buy digital currency, it's worthless
the Ponzi scheme in history, the Dutch tulip, when it was the most expensive, a tulip was worth buying a house. When no one bought it, all the tulips rotted. In addition, they couldn't get a potato. Therefore, Buffett said that digital money is a bubble, which is a hoax.
in addition, there is a saying in the stock market that when all the ladies in the vegetable market begin to discuss the stock market, it is the time when the stock market reaches its peak. In my opinion, this also applies to digital currency. When many people are discussing how to make money and how to make a lot of money, the risk has accumulated to a great extent. Most of the time, when the stock begins to fall, many people are still in the previous inertial thinking, thinking that it will rebound soon, and then it will get lower and lower, and they are more reluctant to sell it. This is why many people hold a high position on it
I'm not sure whether it is the highest point of digital currency, but I think that digital currency, which can be issued by anyone, has no purchase value and can only be sold to others. I think it's a fraud.
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
Ethereum is an open source public blockchain platform with smart contract function. It provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency ether (also known as "Ethereum")
The token on theblockchain is called ether, and the code is eth. It can be traded in many foreign exchange markets of cryptocurrency, and it is also the medium used to pay transaction fees and computing services on Ethereum
the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, with the general meaning of "next generation cryptocurrency and decentralized application platform", and began to develop through ICO crowdfunding in 2014. As of February 2018, Ethernet is the second highest cryptocurrency in market value, second only to bitcoin
extended data:
Ethereum platform has no characteristics and value. Like programming languages, it's up to entrepreneurs and developers to decide what to use. However, it is clear that some application types benefit more from the functions of Ethereum than others. Ethereum is especially suitable for those applications that automatically interact directly between points or promote group coordination activities across networks
for example, coordinate the application of point-to-point market, or the automation of complex financial contracts. Bitcoin enables indivials to exchange money without the help of financial institutions, banks or governments. The impact of Ethereum may be more profound
in theory, any complex financial activities or transactions can be automatically and reliably carried out on Ethereum with coding. In addition to financial applications, any application scenario with high requirements for trust, security and persistence, such as asset registration, voting, management and Internet of things, will be affected by Ethereum platform on a large scale
According to the data of okcoin, a well-known digital asset trading platform in China, the price of bitcoin fluctuated in a narrow range ring most trading hours yesterday (July 30). The fluctuation range was less than 300 points from the market opening to the afternoon of Asian market, and then slightly expanded. It closed flat at the close. As of today's press release, the price is still in yesterday's closing price region, the latest trading around 18550
According to analysts of okcoin, the moving average system (5, 10, 20) is in a state of bonding and short running at the 4-hour level, and M60 has a negative effect on the price again. The weak area below the zero axis of MACD index is running, and this level is biased to the space; 1 hour level, the price rebound yesterday did not effectively break the 1410 line of long short watershed, the current price in the fall in large volume phenomenonto sum up, as the sharp rebound of prices yesterday did not effectively reverse the short position, and the current price has shown a downward trend again, we still can not be too optimistic about the future market and continue to maintain a cautious wait-and-see attitude. During the day, the long short watershed continued to focus on the 1410 line, and the price did not catch up before breaking up. The lower support focused on the lower 1030-1080 range. The price fell down for the first time, and there was a stop sign in this range. We can participate in the short-term rebound of light positions and strictly stop losses
In terms of instry, the New York Times recently published an article saying that in the past two years, different factions have been competing fiercely to control bitcoin and its global computer and support network. Now, one of the main camps is ready to leave bitcoin and create a competing version - "bitcoin cash.". Some investors and entrepreneurs, mostly from Asia, have announced plans to start creating a virtual currency next week called bitcoin cashpeople from all walks of life have been arguing about what the bitcoin should be. The plan will put an end to the row, separate the parties and lead to two competing virtual currencies under the name of bitcoin. Many people who were initially excited by the unique technology behind the bitcoin are already taking advantage of the open and open source features of the technology to create their own new virtual currencies, such as Ethereum, ripple and litecoin. These other systems use different rules than bitcoin, some of which emphasize more quickness and complexity, while others focus more on anonymity and security
although bitcoin cash will not appear until next week, a few exchanges have started trading futures contracts related to the expected price of bitcoin cash. On Tuesday, bitcoin cash traded at around $450, well below the $2600 price of regular bitcoin. When bitcoin cash comes out, everyone who now owns bitcoin will get the same amount of bitcoin cash, but after that, the two systems will go their separate ways
in the coming weeks, bitcoin enthusiasts from all sides of the debate will pay close attention to which bitcoin companies will support those who want to hold, trade and mine bitcoin cash
