Where is the boss of Ethereum

1. Vitalik buterin, the founder of Ethereum and the younger brother of the post-90s generation, is known as "V God" in the Jianghu
bitcoin is a digital currency designed by Nakamoto in 2009. The identity of its founder "Nakamoto" has always been a mystery. Rumors about "father of bitcoin" involve from the US National Security Agency to financial experts, and also give bitcoin a mysterious aura. Matcha exchange can find out more about Ethereum bitcoin

2. Eth is a kind of digital token of Ethereum, which is regarded as "bitcoin version 2.0". It adopts the blockchain technology "Ethereum", which is different from bitcoin. It is an open-source public blockchain platform with intelligent contract results, and a resonance network composed of tens of thousands of computers around the world. Developers need to pay eth to support the application. Like other digital currencies, ether currency can be bought and sold on the trading platform

warm tips: the above explanations are for reference only, without any suggestions. There are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
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3.

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 the

blockchain 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

4. Many institutional investors have begun to pay attention to Ethereum. Ethereum also rose and institutional investors have a lot to do with admission. I think Ethereum will go up. The stock exchange proposed to go to Zhongyuan, which is a seven-year-old stock exchange and has never had any security incidents. Trustworthy.

5. No, simply speaking, first of all, Ethereum trade is a platform created on the basis of applications created on smart contracts and distributed Internet. Secondly, Ethereum trade has its own profit model, which is to automatically compare the prices of bitcoin, Ethereum and other digital currencies in different countries around the world through regional block links. Once the price difference is found, the transaction can be completed in milliseconds instantly, that is to say, from the low price platform to the high price platform, Make a profit on the difference between the two.

6. 0.0002351, you can exchange RMB about 9.87.

7. It's easy to see the Ponzi scheme, isn't it? It's easy for the etheric side to advocate profit and pull people's heads without entity support

8. Core developer Mike Hearn: why bitcoin should be forked
2015-08-17 09:17:38 Views: key words: Mike

related reading: Mike Hearn: internal contradictions in the enterprise prevent Google from accepting bitcoin

Yes, it's coming. The community is beginning to separate, and bitcoin is about to bifurcate: including software, and perhaps blockchain. The two sides of the split are bitcoin core and the micro variant program based on the same program, called bitcoin XT. On August 16, Beijing time, there is now a full version of bitcoin XT

this bifurcation has never happened before. I want to explain this from the perspective of bitcoin XT developers: it can't be said that it hasn't been communicated enough

bitcoin bifurcation, this topic may make many people curious, so this article is written for ordinary readers. It doesn't involve the knowledge that has been debated before

the original version of bitcoin was carefully arranged by Nakamoto, and has always been very clear. The debate is about growth. In 2008, he answered the first question about the design of bitcoin, saying:

visa processed 37 billion transactions in fiscal year 2008, or an average of 100 million transactions per day. So many deals require 100GB of bandwidth = 12 DVDs or 2 HD quality movies = about $18 of bandwidth at the current price

assuming that the bitcoin network reaches this scale, it will take several years. By then, sending two HD movies over the Internet may not be a big deal

at that time, he was more tired of bitcoin expansion than any of us. His plan is to make bitcoin popular from the beginning, and he knows that this success will change how people use his system. In 2010, he said, "it's good that we keep [blockchain] files as small as possible

the final solution will not care how big it (blockchain file) becomes

but now, while it is still small, keep it in a small state, and the growth of new users will be faster. When I finally implement client only mode, it's no longer a problem
"
in 2011, through a series of calculations, I expanded the expansion intuition of Nakamoto in detail: if bitcoin becomes so popular, will it completely replace visa? The answer is that his plan is credible - you don't need anything else but a computer, even if there's so much traffic. Before he left, I also implemented the model he talked about

it was Nakamoto's plan that brought us together. It has changed the lives of thousands of people around the world. Some of us give up our jobs, others devote their spare time to the project, others set up companies and even travel around the world. This is an idea that ordinary people can complete mutual payment through blockchain and create this global community

that's the vision I signed, and that's the vision Gavin Andresen signed, and that's the vision signed by millions of developers, founders of startups, evangelists, and users around the world

and this vision is now in danger. In recent months, it's clear that a small group of people have completely different plans for bitcoin. These people have never really understood Nakamoto's intention because they are worried about success, if the technology has never been improved, if people can't run bitcoin on their home computers? Doesn't this make bitcoin move away from centralization and more like banking? What if people start to rely on bitcoin, even if it's imperfect

now, Nakamoto has chosen to disappear, and they want to make a major change: substantially increase transaction costs, end support for mobile P2P wallets, give up unconfirmed transactions, and many things that have never been found in the project's founding documents

the so-called lightning network, which is about to be promoted as a substitute for Nakamoto's design, does not exist. The white paper describes that it was announced earlier this year, and if it can be realized, it will be a huge departure from the bitcoin we know and love. Pick one of the many differences, and a bitcoin address won't work. What they will be replaced with has not yet been worked out (because no one knows). There are many other surprising pitfalls that I mentioned in another article. What will it eventually proce to make our existing bitcoin network better? It is still extremely unclear

what happened to the free market

in theory, none of this should be a problem. Lightning network is built on the blockchain, but it needs a rather trivial upgrade process to achieve the best function. Of course, people are willing to explore this direction, which is entirely possible. If the jobs they set up are better than the existing ordinary bitcoin network, then the market will choose their way, if so... It is fair competition for them! The current design of bitcoin is unlikely to be the final version for payment. This is a reasonable imagination, one day it will be eliminated in the competition, or enhanced by something else

but our system is working today. It has an ecosystem, including developers, exchanges, wallets, ATMs, books, applications, conferences, and many people have learned how it works

if there was a free choice, would people decide to move to a completely different system

we don't know, but the people who are pushing these things don't want the market to make a decision. That's what happened

a long time ago, Nakamoto set up a temporary "mixed brand assembly computer": he limited the size of each block to 1 MB. He did so in order to keep the blockchain in a small state in the early days, until we now call it the creation of SPV wallet (that is, what Nakamoto calls "client only mode"). As mentioned above, when the time comes, it can be adjusted. It has never been said that it is permanent. In the end, it becomes irrelevant. In 2011, I wrote the first SPV tool with my respected colleague Andreas schildbach, and we built the first and most popular Android wallet together. Since then, SPV wallets have been used on major platforms. Therefore, Nakamoto's reasons for this temporary restriction have been solved a long time ago

with the continuous growth of bitcoin, its blocks are also growing. Reasonable traffic forecasts show that the block will reach the current system limit sometime next year, at the latest in 2017. Another bubble or pressure cycle will force us to exceed that limit before, and the result may not be beautiful.

so it's time to raise the upper limit, or delete it completely. That's our plan, and the problem starts: those who don't want to see bitcoin expand have decided to postpone the process. They saw a beautiful, one-time opportunity to forcibly transfer bitcoin's predetermined path to a completely different technological trajectory. They don't know what this alternative design will be, and of course they haven't built it yet. But it doesn't matter. They believe that by blocking the growth of the blockchain, they can "motivate" (that is, force) the bitcoin community to switch to different things, something more in line with their personal technical taste

why restrict blockchain

so far, I haven't explained much about these people or who they are. I think it's a very time-consuming and laborious thing to name names in this article, and it seems to be futile in the end. Presumably those who care about this matter already know it, and those who don't know it can't recognize the people who are involved in it

I just want to say that they are very few people who have access to the bitcoin core code base, or those who are convinced by their arguments

therefore, we will not discuss these arguments here, which has been too much. Gavin and I have written articles to analyze the questions raised by everyone to refute them. Sometimes the answer is some common sense, some will be more in-depth, need more work, such as network simulation

the best place to understand these controversies is in Gavin's blog. I hope to find a link to a collection of opinions similar to those refuting Gavin's point of view, but none of them

to sum up, in the long and hard debate, several different opposition groups:

if bitcoin approaches this limit, we will be stimulated to create something better
the limit should be raised, but it is not ready (the actual time is not specified)
if bitcoin is expanded and becomes more centralized, it will no longer be bitcoin< Other people: if the objections you support are not listed above, please check Gavin's blog and find out the answer

the first point may become a reality one day, but it is not comparable with the theoretical system on paper. But no one who has seen any alternative solutions on the table thinks they can be implemented within 12 months (see another example in the last paragraph, for example)... Even assuming they are better. This is also an example of the nirvana fallacy:

the nirvana fallacy refers to the name of the informal fallacy of some unrealistic and idealized substitutes for something more practical. It can also refer to the tendency to think that there is a perfect solution to a specific problem, so it is also called perfectionism fallacy
it's obviously advantageous to create an imitative dichotomy for a current choice. But it's also totally incredible. One who uses the nirvana fallacy can attack any opposing idea because it is imperfect. According to this fallacy, the choice is not between real-world solutions. One is a realistic solution, and the other is an impractical solution, which is the "better" choice between the two

the answer to the second objection is too vague. It is reasonable to believe that the overall upgrade of each bitcoin node may take one year, and the actual bitcoin network capacity overload will cause serious damage. We really should be ready before that. In the bitcoin development mailing list, there are two people who have professional capacity planning experience, and both of them have

9.

The bitcoin white paper was first published at the end of 2008, when the creators sent it to multiple recipients on an encrypted mailing list. Strangely, its creator pretended to be Satoshi Nakamoto, hiding behind the pseudonym

Another reason for Nakamoto's anonymity can be explained as that the creators of alternative currencies easily put themselves at risk

In 1998, Hawaiian resident Bernard von nohaus created a private currency called free dollar. It has been popular for some time, but its coinage was suddenly raided by the FBI and secret service in 2007. After a criminal lawsuit in 2009, the money was confiscated and Bernard von norhaus was convicted of "making private coins that compete with the official currency of the United States."

In addition, in 2007, a digital currency called e-gold was accused of being illegal because it did not collect enough customer information. Its owner was sentenced to house arrest and the company was shut down. The arrest of entrepreneurs in alternative currencies by government agencies may have been a factor in China's decision to remain anonymous

everyone can use bitcoin. This means it can be used to pay for legal and illegal services, as well as legal bids however, it has always been a popular payment method in the black net market. Ross Ulbricht, the notorious dark Internet market maker and operator, was jailed for facilitating the trading of drugs and other contraband

Ross Ulbricht appealed to the US Supreme Court in December 2017, but is still in prison. If Nakamoto reveals his true identity, it can be inferred that he may face a similar fate

who would he be

in 2016, Craig Wright, an Australian programmer, claimed to be Chinese. He provided some evidence, but later found that it was not conclusive because it could be obtained publicly from books. He was also accused of falsifying announcements and blog posts to show his real Chinese version. For example, vitalik buterin, founder of Ethereum, recently called Craig white a liar

The other is Hal Finney. He is a famous cryptopunk and Cryptologist. He was also the first person to receive bitcoin from Nakamoto in 2009. He was also the first to download a bitcoin client. Before his death in 2014, however, Hal fini refuted the claim that he was Chinese

Some people think that Nick Saab, a famous Cryptologist, may be Nakamoto. Before the launch of bitcoin, he designed the architecture of distributed digital currency, which he called bitcoin. Although the architecture has never been moved, it is similar to the design of bitcoin. This led to widespread speculation. But he repeatedly denied it

although the real identity of Nakamoto may never be disclosed, it is important that the operation of the technology will not be affected