What is the circulation of Ethereum coins
Ethereum is the next generation of cryptography ledger. It intends to support many advanced functions, including user issuing currency, intelligent protocol, decentralized transaction and what we think is the first fully decentralized autonomous organization (Daos) or decentralized autonomous company (DACS) application
Ethereum does not specifically support every single type of function as a feature. On the contrary, Ethereum includes a built-in Turing complete scripting language, which allows you to write code for the feature you want to implement through a mechanism called "contract". A contract is like an automatic agent. Every time a transaction is received, the contract will run a specific code, which can modify the data storage inside the contract or send the transaction. Advanced contracts can even modify their own code
Ethereum was launched on November 1, 2015, and launched on August 22, 2016 on bitcoin trading platform, a well-known domestic trading platform; 30-¥ About 60, current: ￥ 1259.97, the rise is amazing
direct selling, secondary, tertiary or provincial or municipal level, through temptation, to attract people to join MLM refers to: popular point refers to the behavior of selling or promoting goods as the name, county-level and other regional agents, and collecting membership fees as the main way of profit: the sales system built by groups or enterprises, Indivial or team development at the national level
I feel that Babbitt's articles are more complicated, and some of them are more advanced. As a blockchain Xiao, I think the information of chain Oriental is more real-time and can be understood by novices
token Name: sushiswap (sushi)
token symbol: Sushi
token type: erc20
total supply: 119085000 Sushi (the first year)
bitcoin does not have a centralized issuer, but is calculated and generated by network nodes. Anyone can participate in the proction of bitcoin
but bitcoin is not issued in unlimited quantity, and its circulation will be controlled by software algorithms. According to relevant algorithms, the more bitcoins there are, the more difficult it will be to make new ones.
Proctivity (determining the total price of goods) determines the currency circulation of a country
if the country's currency issuing institutions issue excessive amount of money, but the proctivity does not increase correspondingly, that is, the goods proced do not increase correspondingly. In this way, because of the relationship between supply and demand, more money will be used to buy goods, and the currency will depreciate internationally
money is just a form of government controlling the national economy, for example, the government wants to enrich the national treasury, one method is normal taxation, and the other is printing money. The second method is because the proctivity does not develop correspondingly (the number of commodities does not increase correspondingly), and the money on the hands of the common people is worthless, which means that the second method will make the government rich and the common people poor, and then the common people can not afford to buy things, which is not concive to economic development (not concive to the increase of commodity proction)
the formula for calculating the law of money circulation: the amount of money necessary for circulation in a certain period = commodity price × Commodity circulation / unit currency circulation speed = total commodity price / unit currency circulation speed
extended information:
principles of China's currency circulation:
1. Centralized and unified issuance. The right to issue RMB belongs to the state. The central bank formulates and implements monetary policies according to law, issues RMB and manages the circulation of RMB
2. It means that the issuance of RMB must be carried out according to the plan of currency reform and issuance stipulated by the state, and the amount of issuance shall be controlled by the State Council. Decisions made by the people's Bank of China on the annual money supply shall be implemented after being submitted to and approved by the State Council
3. Economic distribution. Also known as credit issuance, refers to the issuance of money is to meet the objective needs of national economic development. With the growth of proction, the expansion of commodity circulation and the corresponding increase of money circulation, we should adhere to the economic issuance of money and oppose fiscal issuance, that is, we should oppose increasing the issuance of money to make up for the fiscal deficit, and oppose excessive issuance of money by banks e to fiscal overdraft
money demand in circulation (m) = quantity of goods to be circulated (q) × The formula of commodity price level (P) / velocity of money circulation per unit (V)
shows the basic law of the change of money demand. From this formula, we can see that the demand for money depends on three factors: the price of goods, the quantity of goods in circulation and the speed of money circulation. The amount of money needed in circulation in a certain period is directly proportional to the total price of goods and inversely proportional to the velocity of the same unit of money. This is the law of circulation of metal money. As for the circulation law of paper money, it is still based on the circulation law of metal money
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the closer the amount of money issued is to the amount of money needed in circulation, the better. If the circulation exceeds, there will be inflation. Other countries follow this principle. It has been learned from relevant parties that in June, the central bank continued to increase the strength of currency withdrawal and tighten market liquidity. Among them, the circulation of central bank bills was 360 billion yuan, 15 billion yuan less than that of last month; The total amount of money withdrawn this month was 545 billion yuan; The corresponding central bank bill matures 275 billion yuan, the repurchase matures 170 billion yuan, and the total amount of money supply is 445 billion yuan. This month, the net return of money was 100 billion yuan, an increase of 20 billion yuan over the previous month.