The sub coin of Ethereum
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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
Ethereum will use a hybrid security protocol. In the early stage, it will use the proof of work (POW) mechanism to distribute Ethernet currency, and then it will switch to the proof of equity (POS) mechanism. Since the launch, there will be 0.26x every year, that is, 60102216
*
0.26
=
15626576 ether coins will be g up by miners every year. After being converted to POS, the annual output of Ethereum will be reced
English Name: Ethereum / eth
Chinese Name: Ethereum
listed exchanges: 156
issuing time: July 24, 2014
I haven't heard of the saying "the sub currency of virtual currency". I don't know if you are talking about the bifurcation of virtual currency. For example, Ethereum and ethereal classics, bitcoin and bitcoin cash, etc. (if you want to know more, you can go to coin easy to have a look), is that what you mean
bifurcation refers to the community's disagreement when the blockchain network is "upgraded", which leads to the blockchain system being divided into two and the emergence of two different blockchains, as shown in the figure below
naturally, a new token appears in the new blockchain, which is what we call bifurcation coin. For example, in July 2017, in order to solve the congestion problem of bitcoin blockchain, several different solutions were proposed, which led to the bitcoin blockchain split in two and formed a new currency BCH (bitcash)
to some extent, BCH is the child of bitcoin, because it was born from the original system of bitcoin
In addition, bifurcations can be divided into "hard bifurcations" and "soft bifurcations", or take bitcoin as an example:1. Hard bifurcations refer to the fact that the old node refuses to accept the blocks created by the new node when the bitcoin code changes. The blocks that do not conform to the original rules will be ignored, and the miners will create new blocks after the blocks they finally verify according to the original rules
2, Soft bifurcation can be compatible both backward and forward
although blockchain forking will not split your currency in two, it may also proce a new currency on the basis of the original, but blockchain forking is not good news most of the time, because it represents great differences in the community
of course, not all blockchains will have forks, and most of the forked currencies appear in digital currencies adopting POW consensus mechanism
