Ethereum emo split coin
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
after Ethereum bifurcates into etheric fog, the two will exist and develop together< br />
buy at a low price and sell at a high price
it's very easy to get the business running task. There is no qualification requirement. As long as there is a gang, you can get it from the sect master. After receiving the task, a silver note will appear in your backpack, which is the principal of your business! How to do a good job in business is the next thing you need to consider. It's worth noting that at this time you will enter a state of being unable to transmit, and everything will be done step by step with your legs
here's a reminder to all players: at this time, your name has become "XX Gang businessman". This is to tell you that you are doing business for the gang, and no one is allowed to disturb you. However, be careful. Some young swordsmen with bandit temper like to rob businessmen. Although they will lose their popularity, their gangs will increase the money of the corresponding banknotes and commodities. This is a business that can make no loss. So don't expect other young Xia to give up robbing you for fear of popularity. In the process of running a business, you must take good weapons and be ready to accept challenges at any time. Only with strong strength and courage can you defend the glory of the gang
selective buying and selling
there are four kinds of goods for us to buy from the specialty merchants in Chang'an city. The purchase price and selling price of each kind of goods are different. In order to save time and complete the business as quickly as possible, players should use their brains here to selectively purchase several kinds of goods according to the income and earn the maximum price difference
the next step is to run back and forth between several maps with specialty goods suppliers. The purchase prices of different goods vary in different locations. At present, there are two main business routes, one is from Chang'an city to Taohuawu and then to Loulan, the other is from Chang'an city to Kunlun mountain to Wangxian town. Find out your favorite business route and make the most profit for the gang
it's hard to run a business, but the target amount is not enough. Remember to go back to the gang and hand over the task to the master before it's really over. You will be rewarded with money, experience and tribute when you finish running business. You also have the chance to get all kinds of treasures in the gang warehouse!
2. Mr. Buffett went from a 100000 dollar private placement supported by relatives and friends to a large financial group integrating banking and insurance. He is not so much an investor as a financial entrepreneur.
3 The second point is that China can't get Warren Buffett's investment performance, and it can't get Warren Buffett's financial management wisdom. There are policy reasons as well as personal reasons.
4. The name of Warren Buffett's company is Berkshire Hathaway. The stock price of his company is about 200000 US dollars per share. You can check it on your own network or financial website
"bifurcation"
so what is bifurcation? What is the effect of bifurcation
blockchain
before talking about forking, we should popularize a little knowledge of blockchain to help us understand what forking is (if you don't have any concept of blockchain, please read my previous articles, which are all popular words to help you understand what blockchain is)
blockchain, as the name suggests, is a chain composed of blocks. Of course, this kind of chain is just a metaphor. To put it bluntly, data blocks are connected in an orderly way. In bitcoin, the transaction records of bitcoin are stored in the block. The size of the block and the space occupied by the transaction records determine how many transactions can be stored in a block. These transaction records are packaged into blocks, and then the blocks are connected one by one to form a blockchain
why should we bifurcate
we know that bitcoin software, like other software, needs to be updated and modified regularly in order to make it better. So a new version will appear, but not everyone will download the new version, so one miner will run the old version, and some will run the new version. If the old and new versions are not compatible, the blockchain will bifurcate. Because there may be differences between the version blocks and the old version blocks, they cannot be connected to the same blockchain, so there will be two or even more chains, which is called bifurcation
soft fork
soft fork refers to that when a new consensus rule is published, nodes that have not been upgraded will proce illegal blocks because they do not know the new consensus rule, resulting in temporary fork. This kind of bifurcation will be graally repaired with the upgrading of nodes
hard fork
hard fork refers to the permanent divergence of the blockchain. After the release of the new consensus rules, some nodes that have not been upgraded cannot verify the blocks proced by the upgraded nodes, and usually hard fork occurs. Therefore, in the field of digital currency, hard bifurcation often leads to the emergence of new currencies. For example, the hard bifurcation of Ethereum leads to the emergence of
eth.
let's talk about the value foundation of Ethereum - blockchain technology. The original idea of the framework proposed by akamoto is to enable indivials to quickly complete online transactions without traditional middlemen or third parties. This technical framework is known as blockchain. Blockchain is an indestructible digital ledger, which can be set to record not only financial transactions, but also almost all valuable information without fear of tampering
in the simplest model, blockchain is a simple distributed ledger. However, the internal meaning of blockchain is far greater than the surface meaning of its name. Blockchain can transfer the value itself in the process of transaction. As Sally rivers, a technology author of the financial times, said, in terms of bitcoin, blockchain means the same to it as Internet means to e-mail.