Ethereum to break 500
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; Or
start soft bifurcation to recover funds; Or
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 etc hot money, okex, AAX, etc
ether clown is a blockchain pet cultivation game launched by IAC advertising platform, which combines with pet entertainment to make money easily, and at the same time combines with blockchain technology to ensure the interests of players. Experience the fun of raising, working, earning and reselling, beautiful pictures, rich experience and happy income! Make a real game, let players get a more comfortable experience, with the game this well-known proct form, the human into the era of full intelligence
ether clown is a digital collection, a non-standard digital currency (ether currency, etc.), which is based on blockchain and can never be changed. It can be verified by a third-party platform to clearly query the relevant data information! Cryptoclow is a digital and collectable blockchain game based on Ethereum blockchain. Using ether money to adopt clowns can not only resell them, but also use them to breed a new generation of clowns with strange shapes. It can also cultivate them to work and earn money, making the digital collection of clowns more sustainable and playable# Ethereum clown#
Eth is the Federal Institute of technology of Zurich, located in Zurich, Switzerland. It is a world-renowned top research university. For many years, it has ranked first in European universities and enjoys the reputation of "the first university in Europe". It ranks sixth in the world in the comprehensive ranking of QS World Universities in 2020
The Federal Institute of technology in Zurich was founded by the Swiss Federation in 1854 and began to teach as a technical college in 1855. Initially, it consisted of six faculties of architecture, civil engineering, mechanical engineering, chemistry and forestry, as well as an organization integrating mathematics, natural sciences, literature, social sciences and politicsthe Federal Institute of technology of Zurich ranked 9th in the world in the 2016 QS World University comprehensive ranking; In 2017, QS ranked the eighth in the world; Ranked 10th in the world in the comprehensive ranking of QS World Universities in 2018; Ranked 7th in the world in the comprehensive ranking of QS World Universities in 2019; In 2020, QS ranked the sixth in the world
the development status of eth
the Swiss Federal Institute of technology was established by the Swiss Federal Government in 1855 for the needs of national instrialization, which is a Federal University. It is not only for its own development, but also for the whole country, Europe and even the world to engage in scientific research. At the beginning, the university only had civil engineering, forest science, mechanical engineering and chemistry, and then added humanities, sociology and political science
the school has 26000 teachers and students from more than 100 countries in 16 departments, and its teaching and research fields include architecture, engineering, mathematics, natural science, social science and management science. For eth, the number of students enrolled and tuition fees are not considered at all. With the support of the federal government, the college receives as much as 9.2 billion Swiss francs a year for ecation, which does not include the use of property management and new teaching facilities
the college has also received up to 3 billion Swiss francs from third-party funding and its own technology transformation. All these funds are used for school running and scientific research, or most of them are directly used for more than 20000 students and 500 professors (full-time equivalent personnel of more than 9000 person years)
Even so, ETH continues to say that it is short of money in its annual reports in recent two years, and the reason is very simple. In order to compete with other institutions (universities), our independence is the most important, so we need a long-term sustainable financial supportlast year, we expanded the enrollment of 4% of the students. At present, the number of students is 156% of that ten years ago, the number of professors has increased by 23%, and the number of scientific research personnel has increased by 53%. However, the government's scientific research funding has only increased by 42%, and the available area for ecation has only increased by 7%. We are facing great challenges
However, it is not surprising in Switzerland. Due to its unique ecation system, all resources in Switzerland are concentrated in 10 universities and 2 federal polytechnics. In other words, there are only 12 universities at the level of higher ecation, and the country is not short of money, so the current situation is formedI think the first reason why Ethereum has been setting new records is that it has a lot of capital
the second reason is that many ordinary people have paid attention to virtual currency . These ordinary people have strong purchasing power, and they may have been speculators in stocks or funds before. When they find that the virtual currency is rising well, they will bring a lot of money into the market. The admission of these ordinary people will increase more capital admission, because in the view of capital, these ordinary people are a crop of leeks
the third reason is e to the soaring price of bitcoin, bitcoin is now rising very rapidly, from $20000 a bitcoin in 2020 to $60000 a bitcoin now. It's terrible. For a lot of capital, they can't speculate on bitcoin. Because bitcoin's plate is too big, they have to go back and speculate on Ethereum
first, a large amount of capital has entered the market
at present, the global economy is not very good, there are not many things that can be invested, and the global currencies are devaluing and inflating for a lot of capital, their money will depreciate one day if they hold it in their hands. They need to invest their money. At this time, they find that the virtual currency can keep the value and will not inflate. At this time, there will be a lot of capital, with a lot of money to buy Ethereum. When a lot of people go to buy Ethereum, it is normal for Ethereum prices to rise