The historical law of Leyte coin

1. Similar to bitcoin, lightcoin is the most successful digital currency to imitate bitcoin
all three major domestic exchanges can trade: bitcoin China BTCC, bank okcoin and currency network Huobi. In addition to bitcoin, only lightcoin can trade in these three exchanges. It can be seen that lightcoin is comparable to bitcoin in terms of security and recognition

whether you can invest or not depends on the specific situation of the indivial. You can't give specific suggestions
there will be an important upgrade of Leyte soon, and the K-line chart shows that the current price is at a historical low

finally, I would like to remind you that many MLM teams now see the value of bitcoin and lettercoin, such as global circulation, anonymity, decentralization and so on. We must carefully distinguish between bitcoin and lettercoin in the name of MLM.

2. Lightcoin can still be bought now. It can be bought according to the market fluctuation in the realm of the realm, and so can bitcoin, Ethereum and other virtual currencies. However, the price fluctuation in the currency market will be slightly larger, so we should pay attention to risk prevention, and do not actively pursue orders when the market goes up or down, and leave when it is time to leave.

3. Up to 380. In December 2013. The strongest rebound in 2014 was from 40 to 188
litecoin (LTC, currency symbol: Ł) 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
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.

4. The development history of bitcoin in China is as follows:
trading platform launched on June 9, 2011
price of bitcoin in China reached 150 yuan on June 9, 2011
registered users exceeded 8000 on May 27, 2012
trading volume on May 9, 2012 exceeded 2000
trading volume on May 27, 2012 ranked second in the world
trading volume on May 29, 2012 ranked eighth in the world
double authentication function launched on August 28, 2012
February 2013 -The price of 15 bitcoin in China returned to 100 yuan
on April 10, 2013, the trading volume reached 28600 yuan
on April 10, 2013, the price of bitcoin in China reached 1944 yuan
on April 21, 2013, the United One Foundation launched a donation of bitcoin and donated 15 bitcoin to one foundation, For Sichuan disaster relief
launch mobile phone verification function on May 15, 2013
launch recharge free service charge on July 1, 2013
launch TenPay online banking automatic recharge online on September 3, 2013
implement transaction free service charge on September 24, 2013
transaction volume exceeded 50000 on October 22, 2013
bitcoin China price reached 1300 yuan on October 22, 2013
launch market price list function on October 28, 2013
CCTV on October 30, 2013 The price of bitcoin in China reached 2630 yuan on November 9, 2013, according to the report of Taiwan's two sets of "global financial link"
PayPal, the world's largest online payment platform, announced that it will cooperate with three bitcoin payment service providers to test bitcoin payment, but the payment service is only limited to virtual proct transactions, and users can only use bitcoin to buy e-books, electronic music, electronic games, electronic music, electronic games, etc And mobile phone ringtones
bitcoin is a new type of virtual currency, which is generated by a large number of calculations based on special algorithms. According to rigorous calculations, the stock of bitcoin is limited, with a total of 21 million, no more or less. After being created, bitcoin has rapidly become a "fixed asset" pursued by Internet speculators
in February 2014, mtgox, the world's largest trading platform, went bankrupt, casting a shadow on the whole bitcoin instry. Since the middle of 2014, the price of bitcoin has been in a downward trend for a long time
on August 12, 2015, the price of a bitcoin was only close to 1700 RMB
on the afternoon of February 8, 017, the inspection team of the business management department of the people's Bank of China interviewed the main principals of nine bitcoin trading platforms in Beijing, including "China bitcoin", "bitcoin trading network", "bitcoin", "yuncoin", "Yuanbao", "btc100", "jucoin", "coin shell" and "dahonghuo", which are engaged in bitcoin trading, Report the current problems of bitcoin trading platform, prompt the possible legal risk, policy risk and technical risk of the trading platform, understand the operation of the nine trading platforms, and put forward clear requirements: it is not allowed to engage in financial business such as financing currency, participate in money laundering activities, and violate the relevant national anti money laundering and anti money laundering regulations Foreign exchange management, payment and settlement and other financial laws and regulations shall not violate the state tax and instrial and commercial advertising management laws and regulations. If any bitcoin trading platform is found to have violated the above requirements and the circumstances are serious, the inspection team will request the relevant departments to shut down and ban it according to law

References: http://money.163.com/15/0926/09/B4E9TIAH00253B0H.html
http://www.ke.com/wiki/%E6%AF%94%E7%89%B9%E5%B8%81%E4%B8%AD%E5%9B%BD

5. At present, one view of lightcoin is that it will eventually survive and become an auxiliary currency other than bitcoin. There is a famous slogan on the official website of lightcoin: "bitcoin is gold, lightcoin is silver." Another point of view demonstrates that Leyte coin and other counterfeit coins can not succeed from a logical point of view: if the counterfeit coin succeeds, there will be more counterfeit coins, and the proliferation of counterfeit coins will lead to the collapse of value, and people finally find that bitcoin is the best way to maintain its value; If Shanzhai coin is not successful, there will be no imitators, and the failed Shanzhai coin will eventually disappear. The author tends to think that cryptography currency will eventually become an important member of the world's mainstream currency, and bitcoin is not necessarily the only one, just like the coexistence of US dollar, euro, yen and RMB in real life. There will not be only one kind of cryptocurrency, but there will not be innumerable kinds in the world. In the end, only bitcoin and the other 2-3 counterfeit currencies will survive. In fact, the key to the survival of an open source currency is the public's confidence in it, which comes from its long-term and stable use. In the two years since the invention of Leyte coin, public confidence in it has been graally established. Whether this confidence can be maintained or not, there are still many unstable factors. One of them is that lightcoin is more vulnerable to 51% attacks than bitcoin. Previously, FTC (feather coin), which uses the same algorithm as Wright coin, has been attacked by 51% and led to the collapse of public confidence. In fact, FTC is graally withdrawing from the stage of history. Whether it can resist 51% attacks and survive is a problem that lightcoin must solve. As for whether Leyte can replace bitcoin, we should go a step further: is there a counterfeit coin that can eventually replace bitcoin? The answer is simple: No. In the future, there will probably be a variety of cryptography currencies in the world, but any kind of counterfeit currency can not replace the mainstream position of bitcoin, no matter how excellent its algorithm is compared with bitcoin. We have to admit that bitcoin is not perfect compared with many counterfeit currencies. Its confirmation time is as long as 10 minutes, which is really time-consuming for transactions; 51% attack the sword of Damocles, which is always hanging overhead; From the perspective of environmental protection, the energy consumed by mining is almost wasted. Therefore, many new counterfeit currencies claim that their advantage lies in making up for the defects of bitcoin. But some of the flaws in bitcoin itself are not real. In other words, these defects are deliberately preserved by its inventors after weighing the pros and cons. For example, the 51% attack is rooted in the distributed mining characteristics of bitcoin, a P2P currency. While ripple's XRP currency doesn't need to worry about 51% attacks, and it doesn't need to spend a lot of energy on mining. However, its mode of relying on trust gateway for transaction and centralized currency issuance means that it is very easy to be controlled by government agencies. In addition, even if the design of some counterfeit coins is more ingenious, we should also understand the fact that no matter how excellent the indicators of a proct are, it can not guarantee that it can beat its competitors and achieve success.

6.

Bitcoin is a kind of electronic currency / network virtual currency

bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats, equipment, etc. in online games. Internet users can also use bitcoin to buy real goods

on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees

extended data:

currency features:

1, decentralization: bitcoin is the first distributed virtual currency, the whole network is composed of users, and there is no central bank. Decentralization is the guarantee of bitcoin's security and freedom

2, global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

3, exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

4, low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution

5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay

6, cross platform Mining: users can explore the computing power of different hardware on many platforms

advantages of bitcoin:

1, it is completely decentralized, without issuing institutions, it is impossible to manipulate the number of issues. Its distribution and circulation are realized through open-source P2P algorithm

2, anonymity, tax exemption and supervision free

3, robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally. Bitcoin price may fluctuate and collapse, and many governments may declare it illegal, but bitcoin and its huge P2P network will not disappear

4, borderless and cross-border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties. But if you trade with bitcoin, enter the digital address directly, click the mouse and wait for the P2P network to confirm the transaction, a lot of money will pass. It does not go through any regulatory agencies and will not leave any cross-border transaction records

5, Shanzhai people are difficult to survive. Because bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, recompile, and create a new P2P currency

but these counterfeit currencies are very fragile and vulnerable to 51% attacks. Any indivial or organization, as long as it controls 51% of the computing power of a P2P currency network, can manipulate transactions and currency value at will, which will be a devastating blow to P2P currency

many counterfeit coins die in this link. The bitcoin network is robust enough. If you want to control 51% of the computing power of the bitcoin network, the number of CPUs / GPUs required will be astronomical

the weakness of bitcoin

1, the fragility of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities

2, the transaction confirmation time is long. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. While bitcoin transaction, in order to confirm the accuracy of data, it will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed

3, the price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading

4, the public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control

but the public doesn't understand, and many people can't even distinguish between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless

7.

Bitcoin, English name bitcoin, is a digital currency based on blockchain technology, which is composed of a series of computer-generated complex codes. Like RMB's ￥ and US dollar's $, bitcoin has its own symbol, the "B" in the figure below

The inventor of

bitcoin is Nakamoto. Satoshi Nakamoto is the creator of bitcoin protocol and its related software bitcoin QT. In 2008, he published a paper called "bitcoin: a peer-to-peer electronic cash system", describing an electronic currency and its algorithm that he called "bitcoin"

In 2009, he released the first bitcoin software and officially launched the bitcoin financial system

In 2010, he graally faded out and handed over the project to other members of the bitcoin community

Nakamoto is believed to hold about one million bitcoins. If the price of each bitcoin was $2W, it was worth $20 billion at one time. So far, his true identity is still unknown to the outside world, that is to say, no one knows who Nakamoto is

bitcoin appeared after the global financial crisis in 2008. In fact, before that, many people have tried electronic currency, digital currency and virtual currency, but they have not succeeded. There are not only technical reasons, but also social environment and economic background reasons. To some extent, it was the 2008 financial crisis that gave birth to bitcoin

8. Some are speculation, no real value, stock hot off, no speculation, prices rise

9.

In theory, it's impossible, unless it's a pyramid scheme. It is suggested to take a look at the data: