End of year Ethereum

1. Some institutions have predicted that Ethereum will rise to $2500 by the end of the year, but it seems unlikely in the current market. Domain Kingdom's latest Ethereum price is $166, down 16% from yesterday
although the price of Ethereum continues to decline, there are still many investment opportunities. Nowadays, many people invest in Ethereum through virtual currency trading in the realm Kingdom, which is not affected by the rise and fall of prices, but also can invest less money in the shortest time to obtain more income.

2. Of course, Ethereum has a current price of 972. As a relatively new development project using bitcoin technology, Ethereum is committed to implementing the global decentralized and non proprietary digital technology computer to execute the point-to-point contract. In short, Ethereum is a world computer that you can't shut down. The innovative combination of encryption architecture and Turing integrity can promote the emergence of a large number of new instries. On the contrary, the pressure of innovation in traditional instries is increasing, even facing the risk of elimination

bitcoin network is actually a set of distributed database, while Ethereum can be further seen as a distributed computer: the blockchain is the ROM of the computer, the contract is the program, and the miners of Ethereum are responsible for the calculation and play the role of CPU. This computer is not and can't be used for free, otherwise anyone can store all kinds of junk information and perform all kinds of trivial calculations in it. To use it, you need to pay at least the calculation fee and storage fee, as well as other expenses

the most famous enterprise Ethereum alliance was established in early 2017 by more than 20 top financial institutions and technology companies in the world, including JPMorgan Chase, Chicago Board of exchange group, Bank of New York Mellon, Thomson Reuters, Microsoft, Intel and Accenture. And Ethereum's cryptocurrency, Ethereum, has recently become a popular asset after bitcoin

3. After nearly two years of bear market in the currency circle, the currency price of Ethereum has now dropped to more than 900 yuan, and the current downward trend continues. Short Ethereum is now a better trading strategy. At present, digital currency exchanges that can be short, such as coin an, fire coin, bitnet.

4.

It's illegal

the central bank indicated that it has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency

In addition, the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

extended information:

virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency

in 2013, the central bank, together with five ministries and commissions, issued the notice on prevention of bitcoin risks, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, which do not exist in the form of currency and legal currency

5. Ethereum, ETH for short. At the end of 2013, vitalik released the white paper of Ethereum, and in July 2014, the pre-sale of Ethereum began. At that time, insiders called this kind of token issue "crowdfunding". Through the 42 day pre-sale, the Ethereum team raised more than 30000 bitcoins through the pre-sale of 60102216 Ethernet coins; In addition, the early contributors who participated in the development before the pre-sale and the developers who have been engaged in project research for a long time are allocated according to 9.9% of the total amount of Ethernet coins sold at that time. So when Ethereum was officially released, there were more than 72 million Ethereum coins. After the end of Ethereum's pre-sale, it uses the proof of work mechanism POW for mining, and rewards the miners according to 26% of the total amount issued at that time every year. In October 2014, Ethereum reced the block output time from 60 seconds to 12 seconds, and now it is basically stable at 15 seconds, with 5 etheric coins awarded for each block
although the pow mining mechanism is adopted, the block out mechanism of Ethereum is different from that of bitcoin. Due to the short block time of Ethereum, Ethereum is easy to form isolated blocks. Isolated blocks refer to the blocks that are not on the longest chain. Bitcoin's isolated blocks have no block rewards, but in Ethereum, isolated blocks can be referenced. The referenced isolated blocks are called "Uncle blocks", and their packaged data will also be recorded in the blockchain. Unlike bitcoin, Ethereum's TERT block has a reward, and each TERT block can get a reward of 4.375 Ethernet coins at most
Ethereum is a programmable and Turing complete blockchain development platform, which is equivalent to a decentralized global computer. In a programming system, there are usually some virtual machines to compile and execute. Java has JVM. In Ethereum, there is also Ethereum's virtual machine EVM, which can execute any complex algorithm code. Developers can use existing programming languages such as JavaScript or Python to create their own applications on Ethereum. Through Ethereum's virtual machine, you can easily issue digital assets, write smart contracts, set up and run decentralized applications, and set up decentralized autonomous organizations
eth is also known as the internal fuel of Ethereum. Unlike currency digital assets, Ethereum is not only used for transfer, but also for payment of smart contracts
in order to prevent the Ethereum blockchain from being full of junk contracts and junk applications, and to establish and run smart contracts on Ethereum, you must use eth to pay for smart contracts. For example, when you transfer your newly created digital assets on the Ethereum blockchain, you need to use eth to pay the handling fee instead of your newly created digital assets.

6.

Fire coin is a bitcoin trading platform. As of the end of 2016, the accumulated turnover of fire coin reached 200 billion yuan

bitcoin is a virtual encrypted digital currency in the form of P2P

Bitcoin is different from all currencies. Bitcoin does not rely on a specific currency institution. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction

extended information:

fire coin business

1. Fire coin global station, headquartered in Singapore, provides digital asset trading and investment services

2. The digital asset trading platform based on Korean won provides digital asset trading services

3, China, has become a platform for information and research in vertical chain of block chain, providing regional chain technology research and application information for Chinese mainland users, and integrates services such as instry consultation, research and ecation training. p> The company is headquartered in Beijing, China, providing digital asset management services and user experience

7. How much RMB is 1 eth? Looking back at the market of digital currency, the price of ether currency on April 27 was US $658.33, and the market size was US $65221000000. The price of bitcoin is US $1407 and the market size is US $24053054719. The price of reborn currency is US $0.84672, and the market size is US $84671477733. Bitcoin has a cash price of $1407 and a market size of $24053054719
review of digital currency market on April 27, for reference only!

8. The bottom line of Ethereum will never drop to US $20 to US $40 in the short term. All currencies that have experienced private placement will be so involved in the public chain of Ethereum and other smart contracts unless they are directly removed from the shelves. There are still more than 20 days before the end of the year. At present, the possibility is almost zero

Ethereum's short-term performance is still strong, and the $100 psychological barrier has not been broken. Even at the low point of $3650, bitcoin is struggling to maintain at $101. In the future, if bitcoin continues to fall, the effective support point below it will be around $78. However, if the topic says $20 to $40, bitcoin will return to more than $2000, or the targeted counterfeit token is bad. But at present, these two points are not realistic

many investors think that Ethereum and other mainstream currencies are very unlikely to return to zero at present, and there are not many orders in the futures market, so it is not profitable for the main trading to fall down at this time. Even if he has enough empty orders himself, no fish will take the t, and it is difficult to level them all, And the spot price is to follow the futures, Ethereum futures, if there is no intention to fall, the spot will only cross

secondly, even if Ethereum eth really falls to such a level in the future, it is also based on the premise that most of the counterfeit coins are returned to zero or removed from the shelves. Because in a strict sense, Ethereum is the strongest backing of many counterfeit coins. Now, with the reshuffle of the bear market accelerating the process of the demise of counterfeit coins, more and more counterfeit coins are taken off the shelves, which will also affect Ethereum in terms of capital, but it will take a process, which will not be achieved overnight. From the time node, at least it will be next year.