Ethereum uses POW consensus protocol

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%

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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.

They are:

bitcoin

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software was designed and released, and the P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

bitcoin cash

bitcoin cash is a new version of bitcoin with different configurations launched by a small number of bitcoin developers

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virtual currency refers to non real currency. Well known virtual currency, such as network company's network currency, Tencent company's Q currency, Q point, Shanda company's voucher, Sina's Micro currency (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver pattern (used for bixue Qingtian game)

the popular digital currencies in 2013 are bitcoin, Leyte coin, infinite coin, quark coin, zeta coin, BBQ coin, pennies (Internet), invisible gold bar, red coin and prime currency. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"

3. At the top of Ethereum is DAPP. It exchanges with the smart contract layer through Web3. JS. All smart contracts run on EVM (Ethereum virtual machine) and use RPC calls. Below EVM and RPC are the four core contents of Ethereum, including: blockchain, consensus algorithm, mining and network layer. Except DAPP, all other parts are in the Ethereum client. The most popular Ethereum client is geth (go Ethereum)

4.

POW: full name of proof of work

pos: proof of stake

both of them are the consensus mechanism of blockchain and the bookkeeping method of digital currency

the difference is:

1. POW mechanism: workload proof mechanism, that is, the proof of workload, is the requirement that must be met when generating a new transaction information (that is, a new block) to be added to the blockchain. In the blockchain network based on workload proof mechanism, the ability of nodes to obtain the correct numerical solution to generate blocks by calculating the numerical solution of random hash hash is the specific performance of node computing power

POS mechanism: the proof of rights and interests requires the certifier to provide a certain amount of ownership of cryptocurrency. The operation mode of the proof of rights and interests mechanism is that when creating a new block, the miners need to create a "currency right" transaction, and the transaction will send some coins to the miners themselves according to the preset proportion. According to the proportion and time of token owned by each node, the equity proof mechanism reces the mining difficulty of nodes proportionally according to the algorithm, so as to speed up the speed of searching for random numbers

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the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software and the P2P network on it were designed and released. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction

5. All are the underlying consensus algorithms of blockchain, power consumption of pow. The dpos used by EOS has 21 super nodes, but it's always bribed to vote, so now dpos is basically labeled as a centralized blockchain. I also think it's against the spirit of blockchain. Por consensus protocol is a new consensus mechanism proposed by Baker chain. It is hatched by Whitfield Diffie's cryptic labs, the father of public key and winner of Turing prize. This lab is the world's best network security lab, and Baker chain is the best network security lab in the world

6. POW: proof of work (POW), a simple explanation is a proof to confirm that you have done a certain amount of work. Because the whole process of monitoring work is usually extremely inefficient, and it is a very efficient way to prove that the corresponding workload has been completed through the certification of the work results. For example, in real life, graation certificate, driver's license and so on, are obtained by means of test results. That is to say, how much money you get depends on your effective contribution to mining. Simply understand, the better your computer performance, the more revenue you will get. This is to allocate money according to your workload. Most digital currencies, such as bitcoin, lightcoin, etc., are virtual currencies based on POW mode (the higher the computing power, the longer the mining time, the more coins you get)
pos: POS is a consensus algorithm in the public chain, which can be used as a replacement of pow algorithm. POW is a mechanism to ensure the security of bitcoin, Ethereum and many other blockchains, but POW algorithm is criticized for destroying the environment and wasting power in the process of mining. POS tries to solve these problems by replacing the concept of mining with a different mechanism
POS mechanism can be described as a kind of virtual mining. POS mainly relies on the token in the blockchain itself. In pow, a user may buy a computer for 1000 dollars, join the network to mine and proce new blocks, and get a reward. In POS, users can buy tokens of equal value with us $1000 and put them into the POS mechanism as deposit, so that users have the opportunity to generate new blocks and get rewards. In pow, if users spend $2000 on hardware equipment, they will of course get twice the computing power to mine, thus getting twice the reward. Similarly, if you invest twice as much token as the deposit in the POS mechanism, you have twice as much chance to get the right to generate new blocks.

7. It's like a coin called yunbaolian. I searched for a paragraph to see if it's useful
cloud chain is the first risk protection platform in the world to guarantee the blockchain world. In the cloud insurance chain platform, each user can use CIC token to complete the whole risk hedging process of insurance, underwriting and automatic claim settlement. The cloud insurance chain guarantees the intelligent contract to realize the automation of claims settlement, at the same time to disintermediate the guarantee of the blockchain world, which greatly reces the trust cost and operation cost. On February 5, okex, the world's largest digital currency trading platform, announced the global launch of cloud insurance chain (CIC), and opened the trading markets of CIC / BTC, CIC / Eth and CIC / usdt.

8. Casper is a consensus mechanism of the next generation of Ethereum, which belongs to POS. Casper's consensus was reached by blocks, not by chains, as pos did. Currency exchange of digital currency

9. 1. POW is the proof of workload, which is familiar with mining. Through mathematical operation, we can calculate a random number that meets the rules, that is, we can obtain the bookkeeping right, send out the data that need to be recorded in this round, and store it together with other nodes in the whole network after verification. In a word, nineteen is one hundred and sixty; The more you do, the more you get, that is socialism, distribution according to work, more work, more gain
2. POS is the proof of rights and interests of POS, which is an upgrade consensus mechanism of pow; According to the token proportion and time of each node; It can rece the difficulty of mining in equal proportion, so as to speed up the speed of finding random numbers. In a word: the more you hold, the more you get. POS is capitalism, distributing according to money, money makes money
3. I read the news a few days ago that God V wanted to solve this problem. Pgpow algorithm is proposed by biut public chain. Polling group proof of work integrates the advantages of POS and POW consensus algorithm to realize decentralized POW mining.

10. Bitcoin system will allow each node to join the network to carry out hash operation. Whoever works out a suitable solution first can get the accounting right this time. Once the bookkeeping right is robbed, all nodes will start to fight for the next bookkeeping right, that is, hash operation.