The origin of Ethereum
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
Ethereum energy coin is not MLM
Ethereum is an open source public blockchain platform with smart contract function. Ethereum provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum
in 2013, vitalik buterin, 19, first mentioned the idea of Ethereum in a book entitled "Ethereum white paper: next generation intelligent connection and decentralized application platform". Then, in 2014, the algorithm and protocol of Ethernet coin were officially implemented, and $150 million was raised. The system itself was finally completed on July 30, 2015
as the representative of blockchain 2.0, the mainstream currency Ethernet is regarded as the wind vane of crypto digital currency market. However, over the past week, the price of ether currency has continued to fall. On August 14, 2018, the ethereal currency plummeted by 20%, reaching a record low of $257 this year. Compared with this year's peak of $1295, the price of Ethernet currency has shrunk by more than 80%. Affected by this, on August 15, 2018, none of the top ten mainstream currencies in the digital money market was spared, falling across the board, with a number of single day declines exceeding 10%
extended data
Ethereum started planning almost in 2013, and started to implement the project in 2015. Before that, there were many digital currencies imitating bitcoin in the market, and they made various modifications on the basis of bitcoin code. In this way, it is very difficult to develop a new blockchain application, to re deploy a new chain, and then to develop an application on this chain. Using a consensus mechanism of pow alone is a huge maintenance workload. It's like developing an app on a mobile phone and developing the Android system together
after Ethereum comes out, it is equivalent to the underlying operating system of the blockchain. On Ethereum, it is very convenient to develop various dapps without considering the underlying development, and it can also share the computing power and storage of Ethereum. For programmers, the threshold of blockchain development is lowered instantly. The emergence of Ethereum has played a very important role in the development and popularization of blockchain applications. That's why Ethereum is called blockchain 2.0
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forsage international crowdfunding, the revolutionary smart contract technology of the new generation platform, originated from the development of Russian technical team, provides distributed market participants with the ability to directly engage in personal and commercial transactions. The smart contract of forsage distributed global shared matrix project is open and can always be viewed on the Ethereum blockchain. These are real smart contracts, which will be implemented on the Ethereum public chain forever without any third party tampering. The global shared matrix project is completely decentralized, aiming to preach Ethereum, so that more players can know Ethereum, smart contracts and forsage code btshijie

what is Ethereum
Ethereum is often compared with bitcoin, but the situation is different. Bitcoin is a kind of cryptocurrency and distributed payment network, which allows bitcoin to be transferred between users
the Ethereum project has a bigger goal. As Ethereum said, "Ethereum is a distributed platform running smart contracts.". These smart contracts run on "Ethereum virtual machine", a distributed computing network composed of all devices running Ethernet nodes
"distributed platform" means that anyone can set up and run an Ethereum node just as anyone can run a bitcoin node. Anyone who wants to run "smart contracts" on nodes must pay the operators of these nodes in ether, which is a cryptocurrency related to Ethereum. Therefore, the person running the Ethernet node provides computing power and gets paid in the Ethernet, which is similar to the way that the person running the bitcoin node provides hash power and pays in bitcoin
in other words, although bitcoin is only a blockchain and payment network, Ethereum is a distributed computing network, and its blockchain can be used for many other things. Details are provided in the Ethereum white paper
what is smart contract
smart contracts are applications that run on Ethereum virtual machines. This is a distributed "world computer" with computing power provided by all Ethereum nodes. Any node providing computing power will pay in ether digital currency as a resource
they are named smart contracts because you can write "contracts" that execute automatically when you meet the requirements
for example, imagine building a KickStarter like crowdfunding service on Ethereum. Someone can set up an Ethereum smart contract to pool funds to others. The smart contract can be written as follows: when $100000 of currency is added to the pool, it will be sent to the recipient. Or, if the $100000 threshold is not reached within a month, all currencies will be returned to the original holder of the currency. Of course, this would use ether instead of dollars
all this will be done according to the smart contract code, which can automatically execute the transaction without the need for a trusted third party to hold the currency and sign the transaction. For example, KickStarter charges 5% above the 5% payment processing fee, which means it will charge $8000 to $10000 for a $100000 crowdfunding project. Smart contracts don't have to pay a fee to a third party like KickStarter
smart contracts can be used for many different things. Developers can create smart contracts to provide functions for other smart contracts, similar to the way software libraries work. Alternatively, smart contracts can simply be used as applications to store information on the Ethereum blockchain
in order to really execute the smart contract code, someone has to send enough Ethernet tokens as the transaction fee - how much depends on the required computing resources. This costs the Ethereum nodes to participate and provide computing power. The global shared matrix project, which is completely decentralized, aims to preach Ethereum and let more players know Ethereum, smart contracts and forsage code btshijie
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 formedDuring Iwasaki's lifetime, the Meiji government once purchased a steamboat for Mitsubishi company and provided supplementary funds to help the struggling Mitsubishi company. However, the Meiji Government prohibited Mitsubishi from developing any business other than shipping. The only exception is that the Meiji government also allowed Mitsubishi to develop maritime related businesses, such as coal mine development, which can be used for maritime transportation
mitaro has paid attention to Gao coal mine in Kyushu for a long time. The high island coal mine was first mined by the British, Gulliver. Gulefei is a famous "God of death", he is the director of Nagasaki agency of Jiading Madison company. In 1873, in order to avoid the manipulation of foreign capital, the Japanese government changed the mining instry to government-owned. It was later sold to Kojiro goto in September 1874. Houteng xiangerlang did not change his loose management attitude, and his debts became more and more. Finally, Fukuzawa Yukichi intervened and asked mitaro to buy Gao coal mine in March 1881. The mine later became Mitsubishi's cash cow at the same time as Jigang mine. Mitaro is very enterprising and actively expands his business scope. In July of that year, the meeting of promoters for the establishment of marine insurance companies was held in Tokyo. This was originally a kind of company set up by the former princes and civil servants to raise funds for Quanlu bonds (bonds issued in 1876 to compensate the salaries of the Chinese, gentry and other hereditary nobles). The general agent of the company was shizawa Rongyi. Seize's calculation is that Mitsubishi will be the company's biggest customer and must be wooed. He took the initiative to negotiate with mitaro. Mitaro had already felt the urgency of the marine insurance instry. Therefore, of the 600000 yen capital of Tokyo Marine Insurance Company, 110000 came from mitaro. Mitaro became the largest shareholder, but turned the marine insurance company into a company that he could control< In 1881, mitaro iwazaki founded Meiji Life Insurance Company, the first life insurance company in Japan. In addition, in order to better compete with the P.O. steamship company in the UK, mitaro, with the full support of his younger brother mitaro, started the Tokyo Osaka documentary finance business. In April 1880, Mitsubishi exchange, with a capital investment of 1 million yen, officially opened. Since then, mitaro has established Mitsubishi Bank on the basis of these companies
because the government has banned Mitsubishi from engaging in other businesses outside the shipping instry, mitaro has tried every means to set up and operate some promising companies in the name of subsidiary businesses of the shipping instry, which has laid the foundation for Mitsubishi to move towards enterprise alliance and "land kingdom" in various aspects. After the death of mitaro, mitaro's successors, in line with the spirit of Iwasaki, made Mitsubishi move step by step towards a large, organized and modernized enterprise alliance. Mitarao's first successor was his brother mitarao. After returning from studying in the United States, mitsuke immediately joined the Mitsubishi chamber of Commerce as the vice president to assist Mitsuro. In 1874, mitsuke married his eldest daughter, Zaomiao. In Mitsubishi's leadership, only mitarao has stayed abroad. Therefore, only mitarao can plan the company's strategy and strategy in a new way of thinking. Mitarao attaches great importance to him. When mitsuke became president, the Mitsubishi chamber of Commerce was in an extreme predicament. As mentioned earlier, mitsuke boldly decided to merge his shipping company (the main body of Mitsubishi chamber of Commerce) with the joint company to establish Japan Post shipping company, and skillfully transferred the control of the new company from the other party to the hands of Mitsubishi first generation
because the main body of Mitsubishi, namely the shipping company, has been separated, mitsuzuki is preparing to transform "Mitsubishi of the sea" into "Mitsubishi of the land" on the basis of the coal mining instry, copper mining instry and shipbuilding instry of the former subsidiary Mitsubishi. He changed the name of the original Mitsubishi company to Mitsubishi society. At the same time, because the address of the original company had been transferred to Japan Post shipping company, mizuke also moved the headquarters of the new company to hamamachi, Lingan island near yutanakawa, and then applied to the official for business registration again
mizuke made a rule for the new company Mitsubishi: the company's staff's advance and retreat and business execution, regardless of the size of the matter, are all decided by the president, and employees are not allowed to make their own decisions. This completely inherited the concept of "one enterprise" and the organization of "President dictatorship" in the "company regulations" formulated by mitaro. However, in the actual operation, mitsuke's practice is different from that of his brother mitaro. He is better at listening to the opinions and suggestions of his subordinates than mitaro. He is not so arbitrary as mitaro
the Gao coal mine purchased in the mitarao era is the pillar of Mitsubishi society. In 1889, mitsuke bought Xinru coal mine and LiuTian coal mine, then operated Zhufeng coal mine, and applied the new technology of coal mining and transportation to his coal mine business. In addition to coal mining, mitsuke is also committed to the operation of metal mining. He bought mining instries such as weiquze, Shengye, zou, Qifeng and miangu, and laid tunnels and rails for them. He used Balton water wheel, Hamilton mill, water jacket smelting furnace and other facilities. It is precisely because he boldly promoted various technological innovations and improved proctivity. Finally, the coal and copper mining instry will become the largest source of income for Mitsubishi in mizuke era
Mi Zhizhu was not satisfied. He used the income from mining to invest in shipbuilding. In 1884, the Japanese government rented the Nagasaki shipyard, which had been in deficit, to Mitsubishi. At that time, the Meiji government, which was partial to Mitsubishi (Mitsubishi's rival), rented Nagasaki shipyard to Mitsubishi, not to help Mitsubishi, but to send a burden to Mitsubishi to weaken the competitiveness between Mitsubishi and Mitsubishi< In June 1884, Mitsubishi decided to lease Nagasaki shipyard. Three years later, mitsuke applied to the government to stop the lease and buy the shipyard directly. He hoped to take shipbuilding instry as the core business of revitalizing Mitsubishi society
the Meiji government quickly approved the application of Mizuki, because the Meiji government has invested 1.13 million yen in Nagasaki shipyard, and there is no sign of turning from loss to profit. Now, Mitsubishi is willing to buy it for 450000 yen. Why not? Mizhu was not impulsive to buy the shipyard either. He skillfully negotiated with the government to obtain the transfer right of the shipyard by paying 459000 yen in five years, and then applied for the return of the shipyard with 10% interest per year in cash, that is, 910170 yen per year. In this way, Mitsubishi can find a big bargain. Mizuki made Nagasaki shipyard "the largest shipyard in the East". Kobe shipyard was opened in 1905. At that time, it was said that mitsuke "mastered the Japanese postal and shipping company with his right hand, set up a shipyard with his left hand, and absorbed the capital of the shipping instry. The skill is really amazing."
in addition to the mining and shipbuilding instries, the banking instry has also been the focus of mizuke. After the merger of Mitsubishi's shipping company and joint company, the Japanese government changed its previous policy towards Mitsubishi and allowed it to develop in the banking instry. At that time, the banks were all known as national banks. In fact, they were purely private banks, but they did not have the right to issue silver coins. Later, because of the change of conditions, the national bank can obtain huge benefits. As a result, a total of 151 banks sprang up to issue banknotes, causing great confusion. At that time, the 119th and 49th banks were on the verge of bankruptcy, so they asked for help. As the investors of the two banks were founded by a group of old samurai, mizuke, who was born in a declining Samurai family, was said to have deep sympathy for this and had a "chivalrous heart" to save people, so he took over the business. Of course, although he is bold, he is not careless. He predicted that the prospect of the banking instry is very good, and calculated the careful plan after taking over, and then began to take action. He took the commodities deposited in Mitsubishi Tokyo warehouse company as guarantee to carry out "commodity guarantee finance", which ensured the bank's profit
mitsuke later appointed his prudent and capable cousin, Liangping FengChuan, as the chairman of the bank. Not only was he very active in the financial circles, but most of the famous Japanese politicians at that time were his friends. At the same time, he also insisted on the policy of helping others, and dared to seek development cautiously in the face of difficulties and dangers. Therefore, even after 1895, the Bank of Mitsubishi was more stable than other banks and got rid of the trouble quickly
mining, shipbuilding and banking are the three pillars of Mitsubishi's revitalization. On this basis, mitsuzuki has continuously expanded its business to real estate, comprehensive business, railway, electric machinery, heavy instry, paper making, glass, beer, etc
in Marunouchi, in front of the imperial residence in Tokyo, Japan, there are many buildings of Mitsubishi society. The place used to be a training ground full of weeds. The Japanese government sold it to Mitsubishi in 1889. The land of 135000 square meters sold for 1.5 million yuan, so each square meter is worth about 11 yuan and 10 cents. At that time, the highest land price was Qu Ting, which was only 2.34 yuan per ping. Because the price is exorbitant and the land is sold in bulk, no one will pay attention to this land. However, when he was young, mitsuke, who had traveled abroad and seen many beautiful metropolises, had his own plans in mind. He bought the land quickly. Many people are either surprised or sneer at the decision of mitsuzuki: "what's the use of buying such a large piece of land?" Mi Zhizhu just gave a faint smile to these people, or casually replied: "no purpose, just want to grow bamboo and raise tigers." Having said that, he was not idle. Mitsuzuki started to build a modern office building in this area called "the origin of Mitsubishi". He abandoned the traditional wooden houses in Japan and replaced them with stone, brick and other western building materials. In terms of the folk customs at that time, it was a pioneering work for the first time. Later, the office street was named "one London". The beautiful red bricks used in the building not only attract people from Tokyo, but also visitors from all over the world. In addition, mizuke also invested in the new land of Haipu in Ji Bay of Gangshan, the forest planting of ganyeyinfan and the farmland of Niigata. He also partnered with others to buy a large plain in the Iwate mountain area, and named it after several people. Mizuke's attention to land became the foundation for the formation of Mitsubishi real estate. Mizuke is also interested in investing in railways. Most of the railways in Japan today were laid by civilians in the Meiji era. In addition to the Japanese railway developed in mitarao's time (today's northeast line in Japan), mitarato also invested in the construction of Shanyang Railway (Shanyang line) and Kyushu Railway (Kagoshima line and Nagasaki line). The railway instry can not only transport coal mines, but also be the main consumers of coal mines
mizuke pays special attention to improving the technology made in Japan. Under the guidance and support of mizuke, Nagasaki shipyard has made full efforts to manufacture the first turbine made in Japan. Due to the appearance of steam turbine made by Nagasaki shipyard, Mitsubishi internal combustion engine manufacturing instry and Mitsubishi Electric Instry soon separated from shipbuilding instry, and graally formed Mitsubishi Heavy Instry< As early as 1889, mizuke was optimistic about the development of paper instry. He first sponsored the Kobe paper mill company set up by the Washoe brothers, and later bought that company, which is the origin of Mitsubishi paper instry. Mizuke sent his third son, junmi, to London to study applied chemistry. After returning home, mizuke founded a glass instry,
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