Why does ICO use Ethereum

1.

what is Ethereum:

Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. blockchain technology is one of them
Ethereum platform can safely run any program users want

advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum

what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application

The design of Ethereum is very flexible and adaptable

Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields

blockchain applications of Ethereum

Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc

Ethereum has achieved more than 100 blockchain applications by many start-ups

Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged

the relationship between Ethereum and blockchain:

Ethereum is a programmable blockchain

Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes

in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency

like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"

2. Ethereum is not a kind of currency, but a decentralized intelligent protocol. It can be understood as a huge global account book. The logic of this intelligent protocol does not need a specific server to support its daily operation. Instead, it is the protocol terms given by the executors before entering among the scattered users. This is an application evolved from decentralization
compared with bitcoin, we can find that Ethereum is more difficult to develop a new encryption technology than bitcoin. This breakthrough has greatly reced the development cost and time for developers who apply blockchain technology. The emergence of Ethereum once again reiterated the need to split the center, as well as the feasibility and advantages of decentralized distributed applications, to the existing economic market, the financial sector a new direction of development and throw to the society a new entrepreneurial ideas and opportunities.

3. ICO is actually the instry term of blockchain. It is the abbreviation of initial coin offering. It is the concept of initial public offering (IPO) derived from the stock market. It is the first time that blockchain projects issue tokens to raise bitcoin, Ethereum and other common digital currencies.

4. What was the situation of Ethereum ICO at that time - bitcoin Forum

5.

ICO (abbreviated as initial coin offering) is the concept of initial public offering (IPO) derived from the stock market. It is the behavior of blockchain project to issue token for the first time and raise bitcoin, Ethereum and other general digital currencies

brief introction to ICO:

ICO is a blockchain instry term, which is a common way to raise funds for cryptocurrency / blockchain projects. Early participants can get the cryptocurrency generated initially as a return

because the token has market value, it can be converted into legal currency to support the development cost of the project. The tokens issued by ICO can be based on different blockchains. The common issue is based on Eth and BTS blockchain, which provides bookkeeping service and value consensus to realize global issue and circulation

ICO participants are very important for the success of a project. They will publicize the blockchain project in the community, so that the tokens generated by it can obtain liquidity before the transaction starts. However, the most important value of ICO participants is still the potential benefits brought by the project development or the price appreciation after the token issue

extended information:

domestic prohibition:

at 3:00 p.m. on September 4, 2017, the people's Bank of China led seven ministries and commissions, including the Information Office of the people's Bank of China, the Ministry of instry and information technology, the State Administration for Instry and commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission, to issue the announcement on preventing the financing risk of token issuance (hereinafter referred to as the announcement)

the announcement points out that token issuance financing is essentially an unauthorized illegal public financing behavior, which requires that all kinds of token issuance financing activities should be stopped immediately from the date of the announcement, and at the same time, organizations and indivials who have completed token issuance financing should make arrangements such as refund

6. Now digital currency is a zero sum game, you put money in, I put money in, I take out more, you take out less, then I make money, earn your money, so simple.

7. In short, the current ICO is based on the currency issued by Ethereum, as long as a smart contract is established on it, and financing needs to publicize your contract address, so that others can automatically exchange your currency when they call eth. Finally, it is said that domestic ICO is prohibited

8. Virtual currency and token have different functions

9. The team leader adds a small whale bonus, collects the members' mines, records the quantity and type of minerals of each miner, and has such tools. Then the team leader is responsible for pulling mines and selling them to guitars, and the team leader receives 10%.

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