What does it mean that Ethereum is submitting
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 strong>
mainstream digital currencies such as bitcoin, Puyin, Laite, Ethereum and dogcoin all exist in wallets, and wallets existed before the release of such currencies.
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
Ethereum is an open source public blockchain platform with smart contract function, which provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum. The concept of Ethereum was first inspired by bitcoin by vitalik buterin, a programmer, between 2013 and 2014, and now it's 2.0. Ethereum 2.0 is also something that the whole coin circle is waiting for. In order to celebrate the birth of the genesis block of eth2.0 on December 1, chinacoin officially supports the exchange of eth2.0 verification nodes at 17:00 Hong Kong time on November 20, 2020. It will invest its own eth in the verification node mining and exchange qeth to obtain liquidity. It will participate in the mining as soon as the exchange is received. Now it will give back to the user's welfare. The top 1000 eth enjoy the over exchange of qeth according to the ratio of 1:1.02. Compared with eth2.0, qeth has too many advantages: liquidity is guaranteed, users do not need to bear the technical cost, the threshold of participation does not need 32 eth, as low as 0.1eth, nodes are maintained by the platform, and the revenue is distributed according to eth2.0< br /> < br /> < br />
Eth is the Federal Institute of technology of Zurich, located in Zurich, Switzerland. It is a world-renowned top research university. For many years, it has ranked first in European universities and enjoys the reputation of "the first university in Europe". It ranks sixth in the world in the comprehensive ranking of QS World Universities in 2020
The Federal Institute of technology in Zurich was founded by the Swiss Federation in 1854 and began to teach as a technical college in 1855. Initially, it consisted of six faculties of architecture, civil engineering, mechanical engineering, chemistry and forestry, as well as an organization integrating mathematics, natural sciences, literature, social sciences and politicsthe Federal Institute of technology of Zurich ranked 9th in the world in the 2016 QS World University comprehensive ranking; In 2017, QS ranked the eighth in the world; Ranked 10th in the world in the comprehensive ranking of QS World Universities in 2018; Ranked 7th in the world in the comprehensive ranking of QS World Universities in 2019; In 2020, QS ranked the sixth in the world
the development status of eth
the Swiss Federal Institute of technology was established by the Swiss Federal Government in 1855 for the needs of national instrialization, which is a Federal University. It is not only for its own development, but also for the whole country, Europe and even the world to engage in scientific research. At the beginning, the university only had civil engineering, forest science, mechanical engineering and chemistry, and then added humanities, sociology and political science
the school has 26000 teachers and students from more than 100 countries in 16 departments, and its teaching and research fields include architecture, engineering, mathematics, natural science, social science and management science. For eth, the number of students enrolled and tuition fees are not considered at all. With the support of the federal government, the college receives as much as 9.2 billion Swiss francs a year for ecation, which does not include the use of property management and new teaching facilities
the college has also received up to 3 billion Swiss francs from third-party funding and its own technology transformation. All these funds are used for school running and scientific research, or most of them are directly used for more than 20000 students and 500 professors (full-time equivalent personnel of more than 9000 person years)
Even so, ETH continues to say that it is short of money in its annual reports in recent two years, and the reason is very simple. In order to compete with other institutions (universities), our independence is the most important, so we need a long-term sustainable financial supportlast year, we expanded the enrollment of 4% of the students. At present, the number of students is 156% of that ten years ago, the number of professors has increased by 23%, and the number of scientific research personnel has increased by 53%. However, the government's scientific research funding has only increased by 42%, and the available area for ecation has only increased by 7%. We are facing great challenges
However, it is not surprising in Switzerland. Due to its unique ecation system, all resources in Switzerland are concentrated in 10 universities and 2 federal polytechnics. In other words, there are only 12 universities at the level of higher ecation, and the country is not short of money, so the current situation is formed