Ethereum RLP protocol
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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 theblockchain 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
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
related: what is bitcoin? How does it work
Ethereum has a bigger goal. As Ethereum says, "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 ether
Ethernet is a digital token (or cryptocurrency) related to Ethereum blockchain. In other words, Ethereum is the token and Ethereum is the platform. But now people often use these terms alternately. For example, coinbase allows you to buy Ethereum, which stands for Ethereum
this is technically "altcoin", which actually means a non bitcoin cryptocurrency. Like bitcoin, ether is supported by distributed blockchain - in this case, Ethereum blockchain
developers who want to create applications or Ethereum smart contracts on Ethereum blockchain need Ethernet token to pay for nodes to host it, while users of Ethereum based applications may need Ethernet to pay for services in these applications. People can also sell services outside the Ethereum network and accept Ethernet payments, or they can sell Ethernet tokens in cash - just like bitcoin
Constantinople includes five different Ethereum improvement proposals (EIPs), which were completed on August 31. Once released on Ethereum, these proposals will permanently change the blockchain through a series of new backward compatible upgrades
this means that the nodes of the computer network running the Ethereum software must be updated with the whole system, or continue to run as separate blockchain entities
the system wide upgrade has caused quite a lot of dramatic events in the past, which should be more formally referred to as "hard fork". Most notably, when some users disagree with this change, it may lead to two different versions of the same blockchain running at the same time. At present, if you want to invest in Ethereum, you can trade in the bitnet exchange.
The total number of atomic coins issued was 100 billion, and the total number of atomic coins was 1; 10 mapping
token is a tool to measure the transmission and transformation of value. As the parties participating in the construction of the system, token is the qualification basis for the distribution of rights and interests. Atomic chain will issue endogenous currency, which we call ATOS. In the initial stage of the system, it will be released based on erc20. In the medium-term stage, the 1:1 smooth migration to the main network of the atomic chain. Erc20 is a standard protocol on Ethereum network. It uses the protocol interface to create a token, which is used as the basis of warrant and qualification of each role. ATOS is the basic circulation value of the whole ecosystem. Through ATOS, users can realize transaction, value transfer, enjoy value preservation and increase, and vote. Atos is also the basic reward condition for each role to participate in. Through the reward, the enthusiasm among the roles can be stimulated, and the virtuous cycle of the ecosystem can be promoted. In order to fight against inflation and maintain and increase the value of contracts, we will issue a fixed number of ATOS. Through ecological operation, ATOS will maintain a certain minimum value. We use push in the ecosystem to push the ecological event report according to a certain period< ATOS is divided into circulation pool and lock pool. Under the condition of constant total amount, the total amount of market circulation and lock pool will maintain a certain proportion, so as to achieve the balance point within the pool