Definition of Ethereum account
In Ethereum, all kinds of transfer and other transaction operations need to be completed by accounts. In the transaction platform, such as currency exchange transaction platform, each transaction needs to have a transaction initiation account and a transaction receiving account. Each account corresponds to an address, and the account name is the label of the address. Use a wallet to manage accounts. A wallet can contain multiple accounts. Of course, you can also create multiple wallets
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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what is Ethereum:
Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. Blockchain technology is one of them
Ethereum platform can safely run any program users want
advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum
what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application
The design of Ethereum is very flexible and adaptable
Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields
blockchain applications of Ethereum
Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc
Ethereum has achieved more than 100 blockchain applications by many start-ups
Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged
the relationship between Ethereum and blockchain:
Ethereum is a programmable blockchain
Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes
in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency
like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"
& quot; A smart contract is a set of promises defined in digital form, including the agreements on which the contract participants can execute these promises& quot;
let's explore the meaning of his definition in more detail
commitment
a set of commitments refers to the (often mutual) rights and obligations agreed by contract participants. These commitments define the nature and purpose of the contract. Take a sales contract as a typical example. The seller promises to deliver the goods and the buyer promises to pay a reasonable price
digital form
digital form means that contracts have to be written into computer-readable code. This is necessary, because as long as the participants reach an agreement, the rights and obligations of smart contract establishment are executed by a computer or computer network
to further explain:
(1) when will the parties to the smart contract reach an agreement? The answer depends on the specific smart contract implementation. Generally speaking, the contract is discovered when the parties are committed to the execution of the contract by installing the contract on the contract host platform< (2) contract execution
& quot; Execute & quot; And the real meaning of it also depends on implementation. Generally speaking, implementation means active implementation through technical means
(3) computer readable code
in addition, the contract needs specific & quot; Digital form & quot; Very much depends on the agreement that the parties agree to use
protocol
protocol is technical implementation, on this basis, the contract commitment is realized, or the contract commitment is recorded. Which agreement to choose depends on many factors, the most important of which is the nature of the assets being traded ring the performance of the contract
take the sales contract as an example. Suppose that the participants agree to pay in bitcoin. The chosen protocol will obviously be bitcoin protocol, on which the smart contract will be implemented. Therefore, the contract must use & quot; Digital form & quot; It's bitcoin scripting language. Bitcoin scripting language is a non Turing complete, imperative, stack based programming language, similar to forth.
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with the recent sharp fluctuation of currency prices, a new profession, commonly known as "brick moving", is graally emerging in the circle. These brick moving workers pay close attention to the major bitcoin and Ethereum transactions every day. Once they find the price difference, they buy bitcoin and Ethereum from the low price and sell them from the high price to make profit
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with the increasing number of bitcoin and Ethereum transactions, according to incomplete statistics, the number of current international mainstream bitcoin transactions is graally increasing. Different from A-share and other stock markets, the stock price is globally unified. For example, the stock price of technology has the only pricing in Hong Kong stock market. However, the prices of bitcoin and Ethereum are determined by the transaction itself. Because Ethereum has a large number of transactions and different transaction volumes, the transaction price is very likely to fall. When the price fall is large, it can even reach 8% ~ 10% of Ethereum's price. At this time, many porters have the opportunity to move bricks. The so-called "brick" of moving bricks refers to Ethereum. Porters buy Ethereum from the low price and then transfer it to the high price to get the price difference
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for example, the recent sharp fluctuations in bitcoin and Ethereum markets are a good time to move bricks. Generally speaking, as long as there is a price difference of 5-50 yuan between bitcoin and Ethereum, it is worth moving bricks. However, moving bricks also requires certain transfer costs and labor costs. Sometimes, the withdrawal of bitcoin purchased from low price will not arrive so quickly. In order to speed up the transaction speed and rece the risk of price fluctuation, the porter usually has a turnover of bitcoin. For example, after purchasing bitcoin and Ethereum from a, he immediately transfers the same amount of bitcoin from his wallet to B for sale, After the completion of bilateral transactions, graally withdraw the funds into their wallets, waiting for the next time to move bricks. If you have both cash and bitcoin and Ethereum, it's the safest. You can pay at a low price and register at a high price, and then trade at the same time. The transaction can be completed in a few seconds. At this time, there is little risk in moving bricks, and what you get is pure profit. When the price of bitcoin fluctuates greatly, part of the price response is not so fast, and the profit of moving bricks is the highest
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2. Adopt large-scale high-end cloud computing, short or long currency transactions all over the world (low absorption and high selling), complete the transaction within 0.28 MS, and increase the value by floating trading point without upper limit, so as to ensure the dividend appreciation of each person
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3. They use the money of the participants to earn profits, and then give 50% to the participants, from Monday to Friday, and do not distribute on weekends. How much you earn depends on whether you have a big package or a small one
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if you have any questions, please let me know. 5: 185 plus 654 and 39360
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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