Russia's war with Ethereum

1.

Buterin, the founder of Ethereum, is a Russian

at the end of 2013, vitalik buterin, founder of Ethereum, released the first edition white paper of Ethereum and launched the project. From July 24, 2014, Ethereum has carried out a 42 day pre-sale of Ethereum coins. In early 2016, Ethereum's technology was recognized by the market, and its price began to soar, attracting a large number of people other than developers to enter Ethereum's world. Two of China's three major bitcoin exchanges, huocoin.com and okcoin.com, both officially launched Ethereum on May 31, 2017

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extended materials:

in 2011, butrin began to realize bitcoin under the influence of his father when he was 17 years old in high school. Butrin showed a strong interest in this new thing. In order to better understand this fully distributed currency, butrin began to read bitcoin forum and technical materials. He wrote bitcoin blog articles to earn bitcoin, although his hourly salary was only $2 an hour

when he made 20 BTCs, he took 8.5 to buy a shirt. But he realized at that time that if thousands of people from all over the world join the bitcoin community, an independent financial system can be created, and the application of blockchain is not limited to cryptocurrency, but applicable to all walks of life. Since then, Butlin has been working in this direction

in late 2011, butrin graally became famous in the community. A man from Romania invited him to co-founder bitcoin magazine and serve as the chief writer

2. Introction: Ethernet currency is the name of currency used in Ethereum, which is used for payment calculation in Ethereum virtual machine. Ethereum is a blockchain that can be used to deploy decentralized applications. It is an open source computer platform and blockchain platform. At the end of 2013, it was founded by vitalik buterin, a Russian programmer< Br > release time: 2014. At present, Ethernet is the second highest cryptocurrency in market value, second only to bitcoin< < br > circulation supply: 97524469eth (the total amount is not constant) < br > trading volume share: at present, it accounts for 19.5% of the cryptocurrency market< Br > market value: $85966171144 < br > Future Prospects: the value of Ethereum depends on whether the application on Ethereum platform is prosperous, and Ethereum may have the momentum of "taking over" bitcoin to continue to soar.

3. At 5 o'clock this morning, when we were still sleeping, bitcoin rose sharply to US $5300, accompanied by the rapid rise of the leading currencies. After the rapid rise, bitcoin fell sharply. When it fell to US $4700, it quickly returned to US $4900-5000 and stabilized, then the leading currencies also followed bitcoin.

4. Please make it clear that no matter Ethernet, Vicat, bitcoin or any other virtual currency is called differently, it is essentially a kind of virtual currency
although the potential value and development prospect of the so-called virtual currency are widely spread, it is just like the stock price in the stock market does not depend on the actual operating capacity of the company, Their value is speculated by speculators
at present, no country recognizes that these virtual currencies have the status of complete currency, which can be regarded as an equivalent between legal currency and virtual currency at most, just like you buy game currency in a game. In some cases, you can directly exchange goods with virtual currency as long as the seller accepts it, But it's not that virtual currency is equal to money.
the so-called "so and so countries accept virtual currency payment", which is popular in virtual currency, is the concept of deliberately mixing up food, giving people the illusion that virtual currency can replace legal tender or is developing in that direction. This is a common method used by speculators.
legal tender is endorsed by national credit, As an important part of national sovereignty, it is impossible to be so-called Internet-based and international, especially the speculative nature of virtual currency, which makes it not have the price as a general equivalent - no one can accept a thing whose price fluctuates more than 50% in one day as a general equivalent of daily trading
therefore, the definition of this thing by the state is very clear, This is a kind of commodity. You can speculate or speculate as long as you flow according to the rules of the commodity. If you earn or lose money, you can bear it yourself. It's no problem to regard it as similar to stocks or securities, but it's not a currency.
the source of the news that vikat is valued by Putin is actually a report in the cointegraph, This media is the famous bitcoin media and the mouthpiece of virtual currency speculators. Its credibility is very suspicious; Traditional foreign media, such as BBC, CNN, Fox and even the domestic Xinhua network, just reprinted the report, not confirmed it; In fact, it's very common for fake news like this to be reprinted at will, so as to make a joke. It's just that speculators of virtual currency are willing to see this situation, so as to add fuel to the flames and find the so-called thigh for their speculation. Therefore, to understand this, we should not blindly believe in the prospect of the so-called virtual currency and maintain a normal mentality, When dealing with virtual currency investment rationally, we must bear in mind that we should treat these things as stocks or securities. We should not gamble with the so-called mentality of making steady profits without losing money

5.

On October 10, it was reported that Russian President Vladimir Putin was ringing the alarm bell for cryptocurrency, suggesting that Russia may soon introce measures to crack down on the expanding cryptocurrency market

But in recent days, Russia's attitude has suddenly changed 180 degrees. Sergei shvetsov, the first deputy governor of the Russian central bank, said on Tuesday that the Russian government plans to block trading websites for cryptocurrencies such as bitcoin. According to the news, the price of bitcoin fell slightly for a time, but soon recovered to the previous level, because Russia's share in the bitcoin market is extremely limited

6.

In fact, Ethernet is an electronic virtual currency, which is regarded as "bitcoin version 2.0". The blockchain technology "Ethereum", which is different from bitcoin, is the real reason to win Putin's favor

Ethereum is an open-source public blockchain platform with smart contract function. It mainly provides decentralized virtual machine to process point-to-point contracts through its special encrypted currency Ethereum, which is fast and unlimited in quantity. In other words, it is a monetary payment system, but their functions and purposes are different

if bitcoin is considered to be a shared global book that securely records all bitcoin bills. Then Ethereum is to maintain a shared computing platform, which can flexibly and safely run any program users want. Because of this, many countries and enterprises are developing how to use Ethereum technology in the real world

the latest price of eth on btctrade platform of bitcoin trading network is ￥ 2430! The increase is amazing

blockchain Ethereum is widely used

at present, the application of Ethereum technology in Russia is still relatively positive. For example, veb, the state-owned Development Bank of Russia, began to apply Ethereum technology to some administrative functions last week, and Russian steel giants are also testing the application of Ethereum in the safe transfer of international letters of credit. Therefore, Putin believes that this virtual currency can help Russia diversify its economy and support the paving of the way by blockchain technology and the establishment of new businesses

not only Russia, JPMorgan Chase, Microsoft, Intel and others are optimistic about Ethereum technology. At the same time, Ethereum has also been paid close attention by some financial institutions, banking consortia, Samsung, IBM and other large companies, resulting in the simplification and automation of financial transactions, merchant loyalty index tracking, customer satisfaction index tracking, customer satisfaction index tracking, etc Blockchain applications such as gift cards are designed to achieve decentralization of electronic transactions. That's why the etheric currency is rising

the future of ether coin

of course, different from Ethernet, there are 670 bitcoin ATMs in the world, and thousands of outlets support bitcoin payment, but Ethernet has not yet emerged in the field of electronic payment. Mainly used to support the Ethereum network to run the program. Therefore, whether bitcoin will be recognized in the future is still unknown, but what Russian President Vladimir Putin has done may not be a signal

we have said before: it is still difficult to define bitcoin as currency, but it must be an asset, and I think Ethereum must be an asset. Although the application of blockchain technology is not yet mature, in a sense, it will be used sooner or later. After all, in the future era of big data, blockchain technology can better protect the efficiency and privacy of our information

this is why digital currency Ethereum is so popular

hope to adopt

7. No, blockchain is a decentralized distributed ledger. You can understand blockchain as Internet. Will Internet cheat people? No, but some people will use the Internet to cheat others, and blockchain is the same
blockchain is not only about issuing money, but also can be applied in many places. The biggest feature of blockchain is decentralization. General Internet procts are centralized, and blockchain can use decentralization to solve the trust problem between each node. Because in the blockchain, information is traceable and cannot be tampered with
now there are many blockchain landing projects. You can properly understand that it is not a simple coin issuing thing, nor a deceptive project.

8.

The first real milestone should be a local election, and the ultimate goal is a national election

At a time when people's trust in government agencies in western countries is declining at an alarming rate, the Russian government under Putin is taking measures to strengthen people's trust in its system

Russia's democratic system has a long history, but the corruption left by the collapse of the Soviet Union and the plunder by the western world in Yeltsin's reign are still a big problem

Russia's launch of this system coincides with the time when "us special prosecutor Mueller formally filed a lawsuit against 13 Russians and three Russian entities for interfering in the 2016 US presidential election, causing a global sensation". For the anti democratic forces, the incident makes Mueller look more like an available fool

while Washington's bigwigs are still dissatisfied and complaining about the election results they don't like, Russia is taking action to ensure that one of Joseph Stalin's most frequently quoted maxims - "the voter decides nothing, the teller decides everything" does not apply to Russia

9.

Token refers to virtual digital assets, which is the token that we often hear about recently. It is a string of digital codes generated by the underlying technology of blockchain. It is unique, consensus and tamper proof. The more famous tokens include bitcoin, ETH Ethereum, usdt TEDA currency, etc. legal currency is the abbreviation of "legal currency" or "legal compensation currency", which is the currency given by the state in the form of law for compulsory circulation. For example, US dollar, RMB and euro all belong to legal currency. INMARSAT is a digital asset generated based on the underlying technology of blockchain, which belongs to token. INMARSAT is issued by INMC INMARSAT International Club. INMARSAT is registered in the United Kingdom, headquartered in Russia, and has a formal and legal international business license. It is a blockchain application scenario platform with entity operation

the QR code of Yingmai wallet app is attached, which can be downloaded and experienced