Ethereum transaction flow cryptography

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")

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

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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

1. register a digital currency wallet, which can be used to store the digital currency of your transaction

2. register an account number on the currency exchange, where you can trade many types of digital currencies, such as bitcoin, Ethereum, EOS, etc

3. digital currency trading platform "currency exchange"

First enter the official website, find the corresponding currency in the recharge withdrawal, fill in the corresponding information, and then submit the withdrawal

1. Trading time: 7 * 24 hours, all year round

2. Account opening: the account opening process is simple. You only need to register with niubitnet and complete the real name authentication to recharge RMB, and at least recharge RMB 100 to start the transaction

5. No limit on the rise and fall: the stock has a limit on the rise and fall, while bitcoin and other digital asset transactions have no limit on the rise and fall, for example, bitcoin rose more than 20% in a single day on May 28

6. Trading unit: the minimum number of BTCs that can be bought / sold is 0.001 (about 17 yuan), and there is no buy / sell limit of at least one hand (100 shares)