Ten most expensive domain names of Ethereum
DTV share, Ethereum is an open source public blockchain platform with intelligent contract function. It provides decentralized virtual machines to handle point-to-point contracts through its private cryptocurrency, Ethernet. Key points: open source, smart contract function, public chain platform, Ethernet
Ethereum is a platform and a programming language, which enables developers to build and release the next generation of distributed applications
Ethereum can be used to program, distribute, guarantee and trade anything: voting, domain names, financial exchanges, crowdfunding, corporate management,
contracts and most of the agreements, intellectual property, and smart assets that benefit from hardware integration. At present, if you want to invest in Ethereum, you can trade in the bitnet exchange.
Ethereum is an open source public blockchain platform with smart contract function. It provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency ether (also known as "Ethereum")
The token on theblockchain is called ether, and the code is eth. It can be traded in many foreign exchange markets of cryptocurrency, and it is also the medium used to pay transaction fees and computing services on Ethereum
the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, with the general meaning of "next generation cryptocurrency and decentralized application platform", and began to develop through ICO crowdfunding in 2014. As of February 2018, Ethernet is the second highest cryptocurrency in market value, second only to bitcoin
extended data:
Ethereum platform has no characteristics and value. Like programming languages, it's up to entrepreneurs and developers to decide what to use. However, it is clear that some application types benefit more from the functions of Ethereum than others. Ethereum is especially suitable for those applications that automatically interact directly between points or promote group coordination activities across networks
for example, coordinate the application of point-to-point market, or the automation of complex financial contracts. Bitcoin enables indivials to exchange money without the help of financial institutions, banks or governments. The impact of Ethereum may be more profound
in theory, any complex financial activities or transactions can be automatically and reliably carried out on Ethereum with coding. In addition to financial applications, any application scenario with high requirements for trust, security and persistence, such as asset registration, voting, management and Internet of things, will be affected by Ethereum platform on a large scale
etc (Ethereum Classic) is a bifurcated currency that Ethereum hard bifurcates after 1920000 blocks, and its function is very similar to Ethereum. Etc adheres to the concept of decentralization and supports the consensus mechanism of blockchain guarantee. Etc firmly believes that once the blockchain starts to run, its development direction will not be controlled by any central team, but will be determined by the consensus of the people participating in the whole network and the consensus of the computing power of the whole network
the Ethereum blockchain hard branching in July 2016 aims to transfer the Dao funds stolen by hackers to an account controlled by investors, and let the old transaction records be forgotten by history. Most Ethereum developers are involved in the reversal, as are exchanges, startups and other members of the ecosystem. A few days later, the project returned to normal. But not everyone wants to forget the old record. As a result, a small number of miners continued to use the original blockchain as a protest. They described the hard fork as a capital withdrawal for the abandoned project of the Dao. So Ethereum classic (etc) was born
2. Detailed parameters
Chinese Name: Ethereum classic English Name: Ethereum classic English abbreviation: etc
developer: Ethereum Classic team core algorithm: ethash consensus proof: POW
release date: 2016 / 7 / 20 block time: About 15-17 seconds / block
total currency: fixed at 210 million, up to 230 million, Every 5 million blocks decelerate by 20%, and the first proction rection is expected to be in December 2017
main features: independent cryptocurrency
I. the meaning of blockchain
in a narrow sense, blockchain is a kind of chained data structure composed of data blocks connected in sequence according to the time sequence, and it is a distributed account book that can not be tampered with and forged by means of cryptography
broadly speaking, blockchain technology is a new distributed infrastructure and computing paradigm, which uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, uses cryptography to ensure the security of data transmission and access, and uses intelligent contract composed of automated script code to program and operate data
ENS is Ethereum domain name service, a distributed, open and extensible domain name system based on Ethereum. Some hash addresses used in Ethereum ecosystem are usually very long, such as Ethereum wallet address and swarm file hash address, while ENS domain name system is designed to provide users with short and easy to read domain names. Ens does not grant any trademark or declare any ownership. The domain name application of ENS is a completely decentralized process. The domain name is not obtained through purchase. You need to deposit a certain amount of ether coin in the corresponding registration contract as a deposit for at least one year. In order to avoid garbage and meaningless operation, the process of auctioning domain names includes locking deposit and destroying penalty, trying to ensure that the domain name will be registered by the actual user. The ether money spent in the process will eventually be returned to the successful bidder and destroyed in breach of contract. It will not generate income and is completely non-profit.