Ethereum, a securities company

1.

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 information of bitcoin network transactions, Used to verify the validity of its information (anti-counterfeiting) and generate the next block

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most blockchain public chains are limited by scalability. The biggest feature of blockchain technology is decentralization, which requires that all accounts in the network need to deal with the accounting process. Distributed accounting has high security, low misoperation rate, political neutrality and correctness

however, blockchain technology embraces these features at the same time, sacrificing scalability, unable to meet the personalized supervision, and slightly insufficient in protecting data privacy. Moreover, with the increase of the number of ledger, the interaction delay will increase exponentially, that is to say, the more ledger in the blockchain network, the higher the delay

2.

1. about the variability of blockchain

2. eth, if most people agree to modify the chain, that is, variability, then they can modify the blockchain records and contracts

3. etc, blockchain records and contracts can't be modified, that is, they can't be tampered with

4. here are the advantages and disadvantages of the two methods

   The advantage of

5. variability is that people can make timely changes to make the right decisions. Therefore, modifying the specification is more practical than finding loopholes

6. non modifiability means that no matter how smart people are at that time, it is impossible not to make mistakes. Therefore, when problems arise in this scheme, it is best to find and solve the loopholes through the existing legal framework

7. differences in development

8. eth, whether it is intentionally arranged or since its birth, the core decisions of blockchain are made by Ethereum foundation with the participation of the community and most of them are developed by it

9. etc, the decision-making of blockchain is mainly decided by the feedback of three loose, collaborative teams with community participation

10. in any case, anyone can put forward improvement suggestions for the two kinds of blockchains. This is the benefit of open source, and it is also very common. You will find that developers of the two chains communicate with each other through GitHub and reddit. I hope to improve the frequency of communication in order to achieve the common goal

11. about compatibility

12. at present, the two kinds of blockchains are compatible with each other. Contracts or applications written by eth can be applied on etc, and vice versa

13. eth, focusing on ewasm, is committed to providing a platform for more and more developers, while the issue of contract security is secondary, such as viper

14. etc focuses on making developers create more secure contracts, such as viper, iohk research, at the cost of consuming the number of potential developers

15. it's obvious that both chains can accept each other, regardless of whether their wishes are the same or not. My view is that the number of developers is not necessarily related to the quality of the proct

16. about the transaction speed

17. eth, the average is 25 seconds, which will be shortened after upgrading

18. etc, with an average time of 14 seconds, maintained at 10-14 seconds after upgrade, according to ecip-1010 and ecip-1036 protocols

19. about the block capacity

20. eth, with the daily trading volume of eth graally reaching 5 million, the block capacity is graally saturated. This situation is similar to the recent transaction cost of bitcoin. This problem can be solved by expanding the block capacity by increasing the default fuel limit

21. ETC­， At present, there is still a lot of room for block capacity. As more and more people accept etc, the block capacity will also increase, just like eth

22. about community

23. eth, mainly discuss on reddit

24. etc, mainly discuss on slack

25. about monetary policy

26. eth, the planned supply is growing steadily, resulting in an average inflation of 3% in eth blockchain in its life cycle

27. etc, before 2025, inflation will reach 3%, and then the total supply will reach 200 million etc, and then there will be deflation

    As for the regional distribution of trading volume, China accounts for 20%, South Korea 25% and the United States 25%
    In etc, China accounts for 50%, South Korea 25% and the United States 10%
    About securities, at present, investors do not have the option to trade securities. Recently, one of eth's ETFs, trading open-end index funds, was denied by the regulators

28. etc owns etc trading trust, which allows investors to own etc instead of the asset itself

3. According to the Shanghai headquarters of the people's Bank of China, in recent years, speculation related to virtual currency (such as ICO, IFO, IEO, IMO and STO) has been in vogue, prices have gone up and down, and risks have gathered rapidly. Relevant financing entities raise funds from investors or virtual currencies such as bitcoin and Ethereum through illegal sale and circulation of tokens. In essence, they are illegal public financing without approval. They are suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal crimes, which seriously disrupt the economic and financial order

on September 4, 2017, the people's Bank of China and other seven ministries and commissions issued the "notice on preventing the financing risk of token issuance", which cleaned up the ICO and virtual currency trading venues. The scale of domestic virtual currency transactions decreased significantly, effectively avoiding the impact of virtual currency prices on China's financial market.

4. You are basically leeks, ~ ~ any currency without hard currency endorsement is rubbish and can collapse at any time,

no matter which country's currency is, it is not just a piece of paper. Behind it is the corresponding gold or silver or crude oil, which can only be issued with us dollars as the corresponding hard currency reserve,

otherwise, anyone can print money, And it can be printed infinitely, but once it is linked with gold, silver and other hard currencies, it can't be printed casually. Once it is printed casually, it will rece the purchasing power of domestic currency.

to sum up, bitcoin, which is purely used to cut leeks, must not participate in the game, and it will die miserably Because it doesn't have any hard currency or corporate endorsement,)

because it can declare bankruptcy and collapse at any time, or plummet to a point you can't imagine, which can make you lose a lot at once.

5. This question actually leads to a topic worthy of discussion: how do we see the "use" of the existing digital currency? Or how do we divide our understanding of digital currency

this division of cognition not only helps us understand digital currency, but also guides our behavior in the process of investment. So I'm going to analyze this topic in two or three articles
from the perspective of cognition, I divide all digital currencies into the following three categories:

the first category is that their value and consensus have been strongly recognized, almost indisputable, and have been transmitted from within the circle to outside the circle. This kind of currency is the least in the whole field of digital currency
this kind of currency typically includes bitcoin and Taiwan dollar. Bitcoin is recognized as "digital gold" and has repeatedly shown the characteristics of "sea calming needle" when the external political and economic environment is unstable; The profit model of platform currency is clear, especially the top three platform currencies have solid cash flow and income relying on the exchange
when talking about this kind of currency, both their consensus and value are highly recognized in the instry, and ordinary people can understand it outside the instry
when we talk about bitcoin with ordinary people, as long as we tell them that gold goes up, bitcoin goes up; When talking about platform currency with ordinary people, just tell them that platform currency is equivalent to the stock of securities companies, and they will immediately understand what we are talking about
although some people outside the instry do not agree with some consensus (for example, some people still do not agree with the value of bitcoin), this does not prevent ordinary people from understanding what we are talking about
the second type is that consensus has been reached, but the actual use value is still being proved, or the so-called "use value" can not show us the actual effect for the time being. This kind of currency is slightly more than the first kind, but also very few in the whole field of digital currency
this kind of currency typically includes Ethereum, EOS and cross chain projects in the field of smart contract

take Ethereum and EOS for example, they are highly expected by the instry. We hope to see that their smart contract function can proce killer applications and bring higher efficiency and lower cost to our daily life
in the past two years, Ethereum has developed a highly concerned defi Ecology (defi, decentralized finance, often referred to as distributed finance or decentralized Finance) in the instry
however, does this ecology have a direct relationship with the life of ordinary people or bring direct benefits? In fact, it does not exist at all. It is still a "niche ecology" in a small circle, far away from our daily life
the ecosystem developed by EOS in the past two years is far from the areas where we expect to bring value into play, and even there are not many people in the instry who pay attention to it
the concept of cross chain project is very novel when it first came out, and it is also considered by the instry to have great potential demand. But after a period of discussion, some people began to question whether this demand really exists
the instry has a consensus, or even a high consensus, on these currencies, but their current value is not satisfactory. Therefore, even if they are recognized by the instry, it is difficult for this consensus to be transmitted outside the instry, not to mention that ordinary people can understand these consensus and values
so we can't talk with ordinary people about what "defi" and "cross chain" are and what's the use

the third category is the currency whose consensus is still in the process of forming. The design objectives and scenarios of this kind of currency may not be understood or recognized by the instry, or even there are great differences in understanding. Their value is even more difficult to judge. This kind of currency accounts for the vast majority of the current market.

6.

Ethereum is a cryptocurrency whose market value is only lower than that of bitcoin. The emergence of Ethereum also makes up for the lack of scalability of bitcoin. After five years of development, Ethereum has accumulated a large number of fans. Ethereum's concise functional application highlights its own advantages, but Ethereum, which has been developing smoothly, has encountered a "blow", In an interview, SEC Chairman Jack Leighton made it clear that Ethereum was a security, which caused an uproar and led to a crisis of trust in Ethereum

some days ago, people have been worried that once Ethereum is identified as a security, most Ethereum transactions will be banned. Once Ethereum trading stops in the U.S. market for some reason, its currency price will plunge, and other Ethereum related cryptocurrencies will avalanche one after another, or even withdraw from trading. The blow to the coin ring is unimaginable

If Ethereum is really a security, the consequences will be unimaginable. After all, Ethereum has a very small position in the currency circle. Most people have Ethereum in their hands, which may make the Ethereum in the hands of investors depreciate significantly, which will bring a disastrous blow to the currency circle. Whether Ethereum can survive the disaster will make the exchange and investors sweat. For more details, please click

7. Hello, I'm glad to answer this question
Switzerland's financial policy follows a decentralized, bottom-up approach. For digital currency dealers, Switzerland's regulatory environment is the most suitable for such bottom-up driven innovative financial technology and blockchain technology companies to establish and operate in Switzerland. The advantages of operating financial instry in Switzerland include:
1. Deep culture of privacy protection, confidentiality and legal certainty
2. Low tax and friendly regulatory environment
3. Friendly and relaxed government business environment
4. Supporting the economic environment of start-ups and having the world's top service enterprises
5. Its per capita GDP has always been in the forefront of the world, and it is one of the most stable economies in the world
6. Perfect infrastructure and ecation are the world's leading research institutions
7. Visionary enterprises and pioneers of digital currency and blockchain in the world
8. Deep capital pool and world-class engineering talents
business scope of Swiss digital currency company:
1. The company can provide digital currency transaction, digital currency bank and digital wallet services; Secondly, it can provide the following other services:
2. Conct credit transactions (related to consumer loans or mortgage loans, factoring business, commercial financing or financial leasing)
3. Provide services related to payment transactions, conct electronic transfer in the name of others, or issue or manage payment methods, such as credit cards and traveler's checks
4. Trading in the customer's own name, or in the form of currency, money market instruments, foreign exchange, precious metals, commodities, securities (stocks, stocks, value rights) and derivatives
5. Asset management
6. Holding or managing securities
7. Provide investment advice
8. Holding or managing securities< br /> < First, about the financial technology license
FINMA is the government department responsible for financial supervision in Switzerland. It supervises banks, insurance companies, stock exchanges, securities dealers and other financial intermediaries (including foreign exchange dealers)
FINMA will issue new financial technology licenses to blockchain companies
the system modifies the original law to allow the licensee to receive public funds of up to 100 million Swiss francs, as long as the licensee does not invest the funds or pay interest on them. Companies with financial technology authorization can also keep and hold customers' asset-based tokens without additional application for FINMA authorization as securities dealers or securities companies< br /> < 2. About Swiss VQF license plate
established in 1998, VQF is the oldest and largest self regulatory organization (SRO) in Switzerland, an international financial center. Headquartered in chug, Switzerland, VQF was initially established as a quality assurance organization of chug financial center. Since its establishment, VQF has been acting as an official self regulatory organization (SRO) recognized by FINMA in accordance with the Swiss anti money laundering Act (amla). VQF has always played an important role in protecting and strengthening the interests of financial intermediaries and their investors
most members of VQF come from private financial intermediaries, such as independent asset management companies, trustees, lawyers, trust companies, providers of collective capital investment plans, etc. For licensed members, VQF will conct regular audits, train on matters related to the anti money laundering law, and represent their interests in the legislative and political fields
having this license means that the company can engage in digital asset related transactions, which is of great significance for developing European business and enriching global layout< br /> < br /> 
the process of applying for a Swiss financial license
to set up a Swiss company: prepare the information required for processing the list
opening a Swiss corporate account: after registering a Swiss company, the company needs to open a Swiss bank account
renting Swiss offices: you can start renting Swiss offices while handling Swiss bank accounts
employment of Swiss employees: an important step in applying for digital currency license is to employ qualified Swiss employees and recruit them immediately
submission of application materials: after preparing the basic conditions for the establishment of the company, all the materials for the preliminary examination shall be submitted to FINMA and reviewed by FINMA
it takes six months or more to apply for a license in Switzerland, depending on the specific situation of the license. If the European market is to be developed, the project party that needs to apply for the Swiss license should make plans in advance;

8.

Algorithm:

price angle:

reverses capital flow through price change. When the stock price is on the rise, the turnover is the driving force for the rise of the stock price, which is defined as capital inflow

the turnover generated when the stock price is in a falling state is the driving force for the stock price to fall, which is defined as capital outflow

define the flow of funds:

define the flow of funds by examining the direction and size of the transaction order. According to the transaction data provided by the Shanghai and Shenzhen stock exchanges, if the transaction price of a single transaction is above the current price, that is, the buyer's willingness is stronger, the transaction is defined as capital inflow

if the transaction price of a single transaction is below the current price, that is to say, the seller's intention is stronger, the transaction is defined as capital outflow

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function of capital flow:

capital flow can help investors see what other people are doing through the fog of index (price) rise and fall. When the index (price) rises by one point, it may be driven by 10 million capital or 100 million capital. These two situations have completely different guiding significance for investors

In general, the trend of capital flow is very similar to the index's rise and fall, but in the following two cases, the capital flow index has obvious guiding significance:

1. The capital flow of the day is opposite to the index's rise and fall. For example, the whole day index of the sector is down, but the flow of funds shows that the whole day net inflow of funds is positive

2. The capital flow of the day deviated greatly from the rise and fall of the index. For example, the whole day index rose higher, but the actual net inflow of funds was very small

when the capital flow deviates from the rise and fall of the index, the capital flow can better reflect the actual situation of the market than the rise and fall of the index