Is Ethereum ALC a MLM

1.

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

2.

First of all, we need to understand what is MLM:

MLM refers to the illegal behavior of organizers and development personnel to obtain wealth by calculating and paying remuneration to the developed personnel based on the number or performance of the personnel directly or indirectly developed, or requiring the developed personnel to pay certain fees to obtain the qualification to join. The essence of MLM is "Ponzi scheme", that is to say, the money of later comers is distributed to the income of former comers

However, the new type of MLM does not restrict personal freedom, does not accept ID cards and mobile phones, and does not take classes collectively. Instead, it uses capital operation as a banner to pull people to cheat money, drives luxury cars, wears gold and silver, and uses money to attract your relatives and friends to join in, and finally makes you lose all your money

then judge whether the ether coin is a kind of MLM, whether you need membership fee, whether you need to ask your relatives and friends to join

extended materials:

Ethereum is an underlying technology platform on which developers can create distributed applications. With the application, there will be transactions. With a transaction, you need money to complete the transaction. In this way, money has value, and investors' investment has a return. If the transaction volume on the platform is larger and larger, the demand for money will be higher and higher, and the money will be more and more valuable

from the perspective of image, bitcoin creates a kind of digital gold, while Ethereum creates a country, and Ethereum is the credit currency of the country

after bitcoin, there are thousands of digital virtual currencies in the world, many of which are completely deceptive in the guise of "digital currency". Previously, Haikou Municipal Public Security cracked down on a pyramid selling organization called "Eurasian currency", which operated on the internet pyramid selling platform, making more than 40000 investors cheated, involving 4.06 billion yuan. The field of virtual currency has just started, so we need to be cautious

resources : Ethernet money network

3.

It does not belong to MLM

Ethereum is an open source public blockchain platform with smart contract function, which provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum

the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, to the effect of "next generation cryptocurrency and decentralized application platform", and began to develop through crowdfunding in 2014. The market value of Ethernet currency is second only to bitcoin, and it is the second largest encrypted digital currency in the world

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bitcoin has created the first decentralized cryptocurrency, and has fully tested the feasibility and security of blockchain technology in more than five years. In fact, bitcoin's blockchain is a set of distributed database. If a symbol bitcoin is added into it and a set of protocol is specified, the symbol can be transferred safely on the database without trusting a third party. The combination of these features perfectly constructs a currency transmission system bitcoin network

however, bitcoin is not perfect, and the scalability of the protocol is a deficiency. For example, there is only one symbol in the bitcoin Network - bitcoin, and users can't customize other symbols. These symbols can represent the company's stocks or debt certificates, which will lose some functions

In addition, a stack based scripting language is used in bitcoin protocol. Although this language has some flexibility to realize functions such as multi signature, it is not enough to build more advanced applications, such as decentralized exchanges. Ethereum is designed to solve the problem of insufficient scalability of bitcoin

4. EGD super is a technical improvement and upgrade based on the design principle of encrypted digital currency bitcoin. It abandons the shortcomings of bitcoin and inherits the advantages of bitcoin. Its properties are basically the same as those of real gold. But it also has the network attribute that real gold does not have. Decentralized, total amount limited, anonymous transaction, global transaction, instant receipt, no high fees.

5. ADC, audiocoin, the issuing time of virtual currency is unknown, the total amount of issuance and circulation is 900 million, and the current price is 0.0045. There are only two small trading platforms in the secondary market, and the 24-hour trading volume does not exceed 2000 RMB. The market value is only 4 million RMB. There is no news from the project side, and the official website is closed
from the above data analysis, the virtual currency has completely lost its vitality and belongs to the real air currency
I'm not sure if you have a friend who asked you to buy this coin or some other MLM coins with the same name, but neither of them is suitable for investment. The final result of this money investment is basically zero. If it is other MLM money of the same name, whether it is the so-called mining or investment return, it is deceptive. If you have to play the gold plate, you also need to consult professionals for analysis to avoid losses caused by running before the end of its life cycle.

6. Digital currency and MLM are basically different. Digital currency is a new thing, and its essence is a program written by people. MLM has a long history and is a model. But now the digital currency is a bit like Ponzi scheme, so if you want to get into the scheme, you should consider it first. Whether it is MLM or not depends on the behavior. 1. Pay a certain fee as the entry fee, whether it is to pay or spend money to buy procts as a condition to join. 2. The most basic thing is that the revenue mainly comes from pulling people, not from selling procts. 3. To develop 3 or above of the offline is considered MLM, and offline income you can share, offline offline income you can also share, offline offline offline you can also share. 4. Finally, it developed into a pyramid model. 5. Then a five level three-level system will be set up, so that the boss will be out with millions. So you first compare whether it's this model or not.

7. No, Lycra is a regular counterfeit currency. Only those mutual aid and split coins are MLM coins. Please recognize the essence of MLM.

8. You can be a pyramid scheme

9. No, but remember there's no pie in the sky. If you join in the form of membership, you have to pay es or buy high priced procts. It is in line with the characteristics of pyramid selling to draw high profits from it by pulling people's hair off the line. Join cautiously.