Lightcoin lightning online payment
Litecoin (LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world< better use of digital currency trading platform coin exchange
data expansion:
lightcoin is inspired by bitcoin (BTC), and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol, and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places
At 10:00 a.m. on July 3, the opening price of Leyte was 283 yuan / piece, and the highest price was 324 yuan / piece at 13:00 a.m. on July 3, with a 3-hour rise of 14%
First of all, all parties need to establish a multi signature wallet (more than one signature is needed for transaction). This wallet has some bitcoin in it. Then the wallet address is saved in the bitcoin blockchain. In this way, payment channels are established. Both parties can now conct an unlimited number of transactions without touching the information stored on the blockchain. For each transaction, both parties sign an updated balance sheet to always reflect the ownership of bitcoin stored in the wallet and the number of each transaction
after both parties complete the transaction and close the channel, the balance generated will be recorded on the blockchain. In the event of a debt dispute, both parties can use the recently signed balance sheet to recover their share of the wallet. There is no need to establish a direct channel for flash trading, users can send payment to someone through the channel of the person they have contact with. The network will automatically find the fastest trading channel
with the adoption of segwit in bitcoin and lightcoin networks, the development of this technology has been greatly promoted. Because if there is no upgraded transaction scalability patch, the transaction risk on the lightning network will be too large to implement. Without the blockchain security behind it, lightning network will not be so secure, which means that it will be widely used in small or even micro transactions with less risk
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then why should I say that lightning bitcoin is a great currency experiment? We compare lightning bitcoin to a free economy with three major stakeholders: developers, miners and holders
so far, no blockchain project can effectively govern the three. Why? The reason is very simple. In an ICO project, the developers, coin holders and even miners are the same group. It's easy to understand. Why should he give the best interests to the ICO holders? This is obviously not in line with human nature. The reason why lightning bitcoin dares to do chain governance is related to the issuing mode of lightning bitcoin. LBTC's "governance on the chain" is another attempt to "decentralize", which is also very eye-catching. Dpos mechanism determines that there are 101 nodes in the network. At the same time, unlike pow, the right of choice is in the hands of the coin holder. These nodes will be elected by the vote of the coin holder. When the node does not act, the user can vote out of the network. According to last week's weekly report, LBTC's block browser has also added this function, which can view the operation of nodes in real time. It also paves the way for LBTC's "chain governance". In the LBTC system, all coin holders can vote to decide whether the project development proposal will go or stay, and all members of the organization can participate in the decision-making and operation of the organization. In addition, the 5000 standard of lockup after the election of the lightning node ensures that the node is both a mine pool and a coin holder. In this way, the relationship among miners, developers and users is well balanced, and the foundation of an autonomous organization is formed.
Jybusd: the lucky dollar is a kind of digital currency, but it has been proved to be a kind of digital currency fraud
digital currency investment needs to pay attention to the following matters:
1. Regular security platform
we must trade through regular digital currency investment platform. If we want to trade through digital currency investment, we can choose digital currency with business license and corresponding company service telephone, which will be relatively safe
2, a small amount of capital investment
investment in digital currency investment leverage investment risk is greater, novice early do not blindly pursue money and profit, can survive in this investment market is the most critical. At the same time, in order to prevent the loss of too much money after being cheated, we must keep an optimistic attitude according to our own situation, and we must participate in a small amount of money to rece the investment risk
3. If you are cheated, report to the police in time. Although the police may not help, but at least let the police on record, so as to recover the loss also has a certain help
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common digital currency:
1, bitcoin (BTC)
bitcoin the concept of bitcoin was first proposed by Nakamoto in 2009, which is a P2P digital currency based on SHA-256 algorithm. Point-to-point transmission means a decentralized payment system, The total issue amount is 21 million
2. Ethereum (ETH)
Ethereum is a public blockchain with smart contract function, and its founder is vitalik buterin
3. XRP
ripple is a decentralized asset transmission network, which is used to solve the asset conversion and trust problems between financial institutions and users
4. Bitcoin cash (BCH)
BCH is a kind of hard bifurcated bitcoin, which modifies the code of bitcoin, supports large blocks, and does not include segwit. To solve the problem of capacity expansion
5. Lightcoin (LTC)
lightcoin is derived from bitcoin, and its founder, Li Qiwei, went online on June 22, 2017
6. Dash
changed its name to dash after its original name was darkcoin. It is a digital currency that supports real-time transactions and aims at protecting users' privacy. Based on bitcoin, its unique two-layer network can make it more comprehensive for testing and updating
7. Xem
Xinjing coin is a new type of digital virtual coin based on Java, which adopts a new synchronous solution based on POI of proof of importance, and is said to be the first encrypted coin to realize multi signature at the block chain level
Small ant stock (NEO)Neo, using blockchain technology and digital identity for asset digitization, using intelligent contract for automatic management of digital assets, realizes a distributed network of "intelligent economy". In June 2015, GitHub launched a real-time open source project in 2014, with a total amount of 100 million. Founder Da Hongfei, Zhang Zhengwen
9. Monroe is a new generation of virtual currency based on cryptonote protocol and dedicated to privacy protection
bitcoin, Leyte, Ruitai and Weimeng are all decentralized digital currencies. Bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system.