Ripple pool
Publish: 2021-04-22 07:23:37
1. Author: Feng Chiyu
link: https://www.hu.com/question/22023800/answer/22741288
source: Zhihu
the right belongs to the author. For commercial reprint, please contact the author for authorization. For non-commercial reprint, please indicate the source
the first conclusion: ripple is not a currency, but a payment network; XRP currency used in the network is a kind of currency. Compared with bitcoin, the former is a payment system, while the latter is money, which is not the same kind of things, so there is no substitutability
bitcoin has been fried rotten, and hushang's answer is close to saturation, so we don't need to repeat our work. Let's focus on ripple
what is ripple
ripple is an open payment network. Just like ripple, the word ripple emphasizes the flow and transmission of funds
in life, acquaintances borrow money from each other and may not write IOU. Sometimes, several friends borrow money from each other, generate multi angle debts, and may adjust the relationship of debts and creditor's rights according to the alienation of relatives. For example, a owes B 5 yuan, B owes C 5 yuan, and a and C are familiar with each other. Once three people discuss, they may directly ask a to repay C. In fact, not only between acquaintances, many small shops and small companies will allow acquaintances to write off on credit
that is to say, everyone is more willing to have debt relationship with the people they trust or are familiar with, and through the trust network between people, funds can flow smoothly
the above is the money network between people in the real world. If all this happens in the Internet world, it is the money flow system that ripple is trying to achieve
but in this network, the relationship between you and your trusted acquaintances is transformed into the relationship between you and your trusted gateway. As the name suggests, a gateway is a "gateway" between one network and another, that is, a network gateway. To go from one room to another, you have to go through a door. Similarly, to send information from one network to another, you have to go through a "gateway", which is the gateway. As the interface between network and network, network and the real world, gateway is like a bank counter, which converts your currency into a series of numbers in your account
what happens in ripple is just like the reality. When you change 100 RMB into FCY issued by gateway a through gateway a, you will have an extra amount of 100fcy in your ripple account. You can transfer the 100fcy to a stranger through gateway a, such as Xiao Ming, Xiaoming can exchange the money into real-world RMB through gateway a. In the whole process, the relationship between creditor's rights and debt changes as follows:
1. You deposit 100 RMB into gateway a, and gateway a owes you 100 RMB and gives you a 100fcy IOU
2. You pass the IOU of 100fcy to Xiaoming through gateway A. at this time, gateway a no longer owes you money, but owes Xiaoming RMB 100, because the IOU is in Xiaoming's hands
3. Xiao Ming takes the IOU to go to gateway a to cash RMB 100
in the whole process, you and Xiao Ming only establish a trust relationship with gateway a, but you and Xiao Ming do not need to establish a trust relationship
what is XRP coin
what is XRP coin at the beginning? Its main function is to pay transaction costs
XRP is a kind of cryptocurrency embedded in ripple system. Unlike bitcoin, ripple issued 100 billion XRP coins at the beginning of its establishment, and the total amount is no longer increasing, that is to say, it has g up the mine ahead of time. Each transaction (for example, you transfer 100fcy to Xiaoming) requires a small amount of XRP currency, which is technically destroyed directly. At the same time, XRP coins are also used as margin. When you open a ripple account, you need to put 50 XRP coins in it as a guarantee
according to opencoin, the issuing and maintenance company of ripple, the first 100 billion XRP coins will be given to investors and founders, 50 billion will be distributed free of charge (that is, opening accounts for free for a period of time), and the other 30 billion will be held by opencoin, which will be sold from time to time to make profits. Opencoin also admits that holding and selling XRP coins is the only way to make a profit<
ripple's influence
at the beginning of ripple's birth, rumors abound. Many people claim that ripple is more in line with the operation mode of money flow in reality, and will replace bitcoin in the future
but in fact, it is too early to judge whether ripple system can succeed. As soon as ripple started to operate, many problems have been exposed, including that its security is not as good as the official propaganda
at the beginning, ripple itself is just a new currency circulation system or payment network, and the essence of XRP currency is the lubricant to assist the currency circulation in the system. If this system is successful one day, it will only have a positive impact on the circulation of bitcoin. To say that "Ripple can replace bitcoin" is actually equivalent to saying that "Alipay can replace the renminbi" is wrong: the former is the payment system, the latter is the currency, not the same thing, so there is no replaceability. The emergence of Alipay has facilitated the payment and flow of RMB. Similarly, if the Ripple system is successful, its role is only to facilitate the payment and circulation of legal tender and bitcoin.
editor on February 22, 2014
10428 comments
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collection thanks put away
Huang Qi
the operation of not chasing new fans is not a good code farmer
included in the editor's recommendation · 78 people agreed with the answer
@ Feng Chiyu
only mentioned the scene of ripple when users and users pay, but ripple is far more than that. I add two points: trading system and automatic path search
through a gateway, you can deposit RMB, US dollars or virtual currencies, such as bitcoin and Leyte currency, into ripple wallet. And in this system, you can achieve any currency to buy or sell a single transaction. Trading here is better than trading platform. The transaction information of traditional trading platform is not open and opaque. In ripple, every order, cancellation and transaction record can be fully inquired. Through websocket interface, developers can also implement automatic trading program, and basically get real-time data in addition to network delay Network delay depends on the situation, the delay of using US server may be less than 0.1 second!) However, most of the traditional trading platforms have a certain cache time for the API interface. A few seconds of cache time may be fatal to the automatic trading program
with this trading market, ripple can realize a very advanced means of payment - automatic path search
to give a practical example, if I was a Chinese programmer working for a company in the United States, I might get us dollars through Western Union remittance or other ways before, and then I would go to the bank to exchange them for RMB. In the middle of this, the handling cost is relatively high. With ripple, I can do this now:
I trust a RMB gateway, such as ripplecn or ripplechina gateway, which is one of the best RMB gateways in China. Then American companies deposit bitcoin or US dollars through bitsmap gateway and send them to ripple. The service charge is only about 0.000012xrp, It is equivalent to about RMB 0.00000108. Then I will directly receive the CNY quota in the ripple system and withdraw it at the RMB gateway. The service charge for withdrawal is 3% for ripple CN gateway and 6% for ripple China gateway. It only takes a few seconds to complete the automatic exchange payment in ripple system
the full-automatic exchange in the payment step is the automatic path search of ripple, which is the essence of ripple system. Path automatic search relies on the above-mentioned hanging single transaction system. If the above American company deposits bitcoin, the system will complete the following calculation in a few seconds: query the amount of XRP after BTC / XRP exchange, and then the amount of CNY after XRP / CNY exchange. If there is a more appropriate path, such as BTC / USD - & gt; USD/XRP-> XRP / CNY, or BTC / USD - & gt; USD / CNY, the system will also automatically calculate and find the cheapest path for the sender to complete the exchange payment
once, I used ripplecn gateway CNY, and my friend only trusted ripplechina. He wanted me to give him 10 yuan, so I entered the sending interface to input 10 yuan, but the system showed that I only needed to send 9.9998 yuan. Because there is a price difference between the two gateways in the CNY / XRP trading market, the system automatically realizes the path search and provides me with the cheapest payment path
there will be many applications on ripple in the future, and ripple's second payment experience is excellent. If you have a ripple wallet, try clicking send in the wallet and the recipient enters it [email protected] perhaps [email protected] There will be a call fee and Q coin recharge interface, which is an application I made for ripple. You can use XRP, U.S. dollar, RMB, bitcoin and other currencies to purchase q-coin, and exchange it into RMB in seconds to complete the recharge request automatically
ripple is likely to go against the weather in the future. As for bitcoin? His role in the virtual currency instry is similar to that of legal currency, which is totally different from ripple's payment system<
editor on February 27, 2014
7832 comments
share
collection thank you put away
Zhihu user
1 person agreed with the answer
ripple basic concept and principle, others have answered, simply speaking, it is a payment network, anyone can become a node of this network to issue currency and then circulate throughout the network. There are some innovations
but in the long run, it must grow faster than bitcoin, otherwise it is likely to lose in the competition, because at present, most of its functions can be realized in bitcoin network
from a technical point of view, because bitcoin has "dyeing" technology, anyone can issue currency, stocks, funds and so on by becoming a node on the bitcoin network. Assuming that the bitcoin is fully legalized, Alipay will turn 1 bitcoin "dyed" into the one and only special bitcoin that is unique and unforgery in the bitcoin network. Then it will promise the public that the stained coin can be exchanged for Alipay by 1 yuan. So the public can use Renminbi to exchange Alipay's "bit yuan" for consumption and payment. So these special bitcoins have what experts call "guarantee" or "anchor". As long as Alipay is credible, these "bit yuan" will always be valuable and can be used safely. At the same time, as bitcoin transactions are open throughout the network, everyone can see how much Alipay has issued "bit yuan", whether it has spammed money and oversold its own assets to guarantee the currency. So the only advantage of ripple in technology is that it can transfer money quickly. It doesn't need bitcoin to wait for dozens of minutes. But in the long run, bitcoin can speed up the transfer speed to a few minutes in the future through technical upgrading
link: https://www.hu.com/question/22023800/answer/22741288
source: Zhihu
the right belongs to the author. For commercial reprint, please contact the author for authorization. For non-commercial reprint, please indicate the source
the first conclusion: ripple is not a currency, but a payment network; XRP currency used in the network is a kind of currency. Compared with bitcoin, the former is a payment system, while the latter is money, which is not the same kind of things, so there is no substitutability
bitcoin has been fried rotten, and hushang's answer is close to saturation, so we don't need to repeat our work. Let's focus on ripple
what is ripple
ripple is an open payment network. Just like ripple, the word ripple emphasizes the flow and transmission of funds
in life, acquaintances borrow money from each other and may not write IOU. Sometimes, several friends borrow money from each other, generate multi angle debts, and may adjust the relationship of debts and creditor's rights according to the alienation of relatives. For example, a owes B 5 yuan, B owes C 5 yuan, and a and C are familiar with each other. Once three people discuss, they may directly ask a to repay C. In fact, not only between acquaintances, many small shops and small companies will allow acquaintances to write off on credit
that is to say, everyone is more willing to have debt relationship with the people they trust or are familiar with, and through the trust network between people, funds can flow smoothly
the above is the money network between people in the real world. If all this happens in the Internet world, it is the money flow system that ripple is trying to achieve
but in this network, the relationship between you and your trusted acquaintances is transformed into the relationship between you and your trusted gateway. As the name suggests, a gateway is a "gateway" between one network and another, that is, a network gateway. To go from one room to another, you have to go through a door. Similarly, to send information from one network to another, you have to go through a "gateway", which is the gateway. As the interface between network and network, network and the real world, gateway is like a bank counter, which converts your currency into a series of numbers in your account
what happens in ripple is just like the reality. When you change 100 RMB into FCY issued by gateway a through gateway a, you will have an extra amount of 100fcy in your ripple account. You can transfer the 100fcy to a stranger through gateway a, such as Xiao Ming, Xiaoming can exchange the money into real-world RMB through gateway a. In the whole process, the relationship between creditor's rights and debt changes as follows:
1. You deposit 100 RMB into gateway a, and gateway a owes you 100 RMB and gives you a 100fcy IOU
2. You pass the IOU of 100fcy to Xiaoming through gateway A. at this time, gateway a no longer owes you money, but owes Xiaoming RMB 100, because the IOU is in Xiaoming's hands
3. Xiao Ming takes the IOU to go to gateway a to cash RMB 100
in the whole process, you and Xiao Ming only establish a trust relationship with gateway a, but you and Xiao Ming do not need to establish a trust relationship
what is XRP coin
what is XRP coin at the beginning? Its main function is to pay transaction costs
XRP is a kind of cryptocurrency embedded in ripple system. Unlike bitcoin, ripple issued 100 billion XRP coins at the beginning of its establishment, and the total amount is no longer increasing, that is to say, it has g up the mine ahead of time. Each transaction (for example, you transfer 100fcy to Xiaoming) requires a small amount of XRP currency, which is technically destroyed directly. At the same time, XRP coins are also used as margin. When you open a ripple account, you need to put 50 XRP coins in it as a guarantee
according to opencoin, the issuing and maintenance company of ripple, the first 100 billion XRP coins will be given to investors and founders, 50 billion will be distributed free of charge (that is, opening accounts for free for a period of time), and the other 30 billion will be held by opencoin, which will be sold from time to time to make profits. Opencoin also admits that holding and selling XRP coins is the only way to make a profit<
ripple's influence
at the beginning of ripple's birth, rumors abound. Many people claim that ripple is more in line with the operation mode of money flow in reality, and will replace bitcoin in the future
but in fact, it is too early to judge whether ripple system can succeed. As soon as ripple started to operate, many problems have been exposed, including that its security is not as good as the official propaganda
at the beginning, ripple itself is just a new currency circulation system or payment network, and the essence of XRP currency is the lubricant to assist the currency circulation in the system. If this system is successful one day, it will only have a positive impact on the circulation of bitcoin. To say that "Ripple can replace bitcoin" is actually equivalent to saying that "Alipay can replace the renminbi" is wrong: the former is the payment system, the latter is the currency, not the same thing, so there is no replaceability. The emergence of Alipay has facilitated the payment and flow of RMB. Similarly, if the Ripple system is successful, its role is only to facilitate the payment and circulation of legal tender and bitcoin.
editor on February 22, 2014
10428 comments
share
collection thanks put away
Huang Qi
the operation of not chasing new fans is not a good code farmer
included in the editor's recommendation · 78 people agreed with the answer
@ Feng Chiyu
only mentioned the scene of ripple when users and users pay, but ripple is far more than that. I add two points: trading system and automatic path search
through a gateway, you can deposit RMB, US dollars or virtual currencies, such as bitcoin and Leyte currency, into ripple wallet. And in this system, you can achieve any currency to buy or sell a single transaction. Trading here is better than trading platform. The transaction information of traditional trading platform is not open and opaque. In ripple, every order, cancellation and transaction record can be fully inquired. Through websocket interface, developers can also implement automatic trading program, and basically get real-time data in addition to network delay Network delay depends on the situation, the delay of using US server may be less than 0.1 second!) However, most of the traditional trading platforms have a certain cache time for the API interface. A few seconds of cache time may be fatal to the automatic trading program
with this trading market, ripple can realize a very advanced means of payment - automatic path search
to give a practical example, if I was a Chinese programmer working for a company in the United States, I might get us dollars through Western Union remittance or other ways before, and then I would go to the bank to exchange them for RMB. In the middle of this, the handling cost is relatively high. With ripple, I can do this now:
I trust a RMB gateway, such as ripplecn or ripplechina gateway, which is one of the best RMB gateways in China. Then American companies deposit bitcoin or US dollars through bitsmap gateway and send them to ripple. The service charge is only about 0.000012xrp, It is equivalent to about RMB 0.00000108. Then I will directly receive the CNY quota in the ripple system and withdraw it at the RMB gateway. The service charge for withdrawal is 3% for ripple CN gateway and 6% for ripple China gateway. It only takes a few seconds to complete the automatic exchange payment in ripple system
the full-automatic exchange in the payment step is the automatic path search of ripple, which is the essence of ripple system. Path automatic search relies on the above-mentioned hanging single transaction system. If the above American company deposits bitcoin, the system will complete the following calculation in a few seconds: query the amount of XRP after BTC / XRP exchange, and then the amount of CNY after XRP / CNY exchange. If there is a more appropriate path, such as BTC / USD - & gt; USD/XRP-> XRP / CNY, or BTC / USD - & gt; USD / CNY, the system will also automatically calculate and find the cheapest path for the sender to complete the exchange payment
once, I used ripplecn gateway CNY, and my friend only trusted ripplechina. He wanted me to give him 10 yuan, so I entered the sending interface to input 10 yuan, but the system showed that I only needed to send 9.9998 yuan. Because there is a price difference between the two gateways in the CNY / XRP trading market, the system automatically realizes the path search and provides me with the cheapest payment path
there will be many applications on ripple in the future, and ripple's second payment experience is excellent. If you have a ripple wallet, try clicking send in the wallet and the recipient enters it [email protected] perhaps [email protected] There will be a call fee and Q coin recharge interface, which is an application I made for ripple. You can use XRP, U.S. dollar, RMB, bitcoin and other currencies to purchase q-coin, and exchange it into RMB in seconds to complete the recharge request automatically
ripple is likely to go against the weather in the future. As for bitcoin? His role in the virtual currency instry is similar to that of legal currency, which is totally different from ripple's payment system<
editor on February 27, 2014
7832 comments
share
collection thank you put away
Zhihu user
1 person agreed with the answer
ripple basic concept and principle, others have answered, simply speaking, it is a payment network, anyone can become a node of this network to issue currency and then circulate throughout the network. There are some innovations
but in the long run, it must grow faster than bitcoin, otherwise it is likely to lose in the competition, because at present, most of its functions can be realized in bitcoin network
from a technical point of view, because bitcoin has "dyeing" technology, anyone can issue currency, stocks, funds and so on by becoming a node on the bitcoin network. Assuming that the bitcoin is fully legalized, Alipay will turn 1 bitcoin "dyed" into the one and only special bitcoin that is unique and unforgery in the bitcoin network. Then it will promise the public that the stained coin can be exchanged for Alipay by 1 yuan. So the public can use Renminbi to exchange Alipay's "bit yuan" for consumption and payment. So these special bitcoins have what experts call "guarantee" or "anchor". As long as Alipay is credible, these "bit yuan" will always be valuable and can be used safely. At the same time, as bitcoin transactions are open throughout the network, everyone can see how much Alipay has issued "bit yuan", whether it has spammed money and oversold its own assets to guarantee the currency. So the only advantage of ripple in technology is that it can transfer money quickly. It doesn't need bitcoin to wait for dozens of minutes. But in the long run, bitcoin can speed up the transfer speed to a few minutes in the future through technical upgrading
2. Digiccy is the digital currency. If you look at the ranking of digital currencies in the world in 2018, you can know it as follows:
1. Bitcoin / BTC
founder: Nakamoto Tsung
originally proposed by Nakamoto Tsung in 2009, according to the idea of Nakamoto Tsung, we designed and released open source software and built P2P network on it. Point to point transmission means a decentralized payment system, which once had no more than 10.5 million in four years, and then the total number will be permanently limited to 21 million
2. Ethereum / eth
founder: Geoffrey Welk
it is not only a virtual currency, but also a platform and a programming language, enabling developers to build and release the next generation of distributed applications. Ethereum can be used to program, distribute, guarantee and trade anything: voting, domain names, financial exchanges, crowdfunding, corporate governance, contracts and most agreements, intellectual property, and smart assets that benefit from hardware integration< 3. Ripple / XRP is the base currency of ripple network. It can circulate in the entire ripple network, with a total amount of 100 billion, and graally decreases with the increase of transactions. The operating company of ripple is ripple labs (formerly known as opencoin)
4. Bitcoin cash (BCC) / BCH
founder: Roger ver
bitcoin forked coin. Viabtc, a mining giant owned by bitcoin mainland, has prepared a set of hard forked system based on the original chain of bitcoin
5. EOS
founder: Daniel Larimer
BM (Daniel Larimer), a blockchain architecture platform similar to the operating system, is developed to realize the performance expansion of distributed applications
6. Litteoin / LTC is an internet currency based on peer-to-peer technology and an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world
7. Stellar
founder: Jed McCaleb
the digital currency project initiated by Jed McCaleb, the former founder of ripple, is used to build a decentralized gateway between digital currency and fiat money. It will be provided to users in the form of free distribution, and its supply online is 100 billion, of which 95% of the amount of star coin is used for free distribution
8. Cardano
founder: Charles hoskinson
the end result of ADA cryptocurrency, which can be used to send and receive digital funds. This kind of digital cash represents the future currency, through the use of encryption technology, can be fast, direct transfer, to ensure its security
9. Tether
founder: Craig sellers
tether USD, a token launched by tether company, is based on the stable value currency USD. Users can query funds on tether platform to ensure transparency. Each TEDA coin is symbolically associated with government supported legal tender< Iota
10, iota
founder: David sonstebo
a crowdfunding project started in 2014, which is a revolutionary transaction settlement and data transfer layer specially designed for the Internet of things. It's based on a new type of distributed ledger, tangle, which is like a blockchain, but it uses a network structure instead of a chain structure, which makes it more scalable and stable.
1. Bitcoin / BTC
founder: Nakamoto Tsung
originally proposed by Nakamoto Tsung in 2009, according to the idea of Nakamoto Tsung, we designed and released open source software and built P2P network on it. Point to point transmission means a decentralized payment system, which once had no more than 10.5 million in four years, and then the total number will be permanently limited to 21 million
2. Ethereum / eth
founder: Geoffrey Welk
it is not only a virtual currency, but also a platform and a programming language, enabling developers to build and release the next generation of distributed applications. Ethereum can be used to program, distribute, guarantee and trade anything: voting, domain names, financial exchanges, crowdfunding, corporate governance, contracts and most agreements, intellectual property, and smart assets that benefit from hardware integration< 3. Ripple / XRP is the base currency of ripple network. It can circulate in the entire ripple network, with a total amount of 100 billion, and graally decreases with the increase of transactions. The operating company of ripple is ripple labs (formerly known as opencoin)
4. Bitcoin cash (BCC) / BCH
founder: Roger ver
bitcoin forked coin. Viabtc, a mining giant owned by bitcoin mainland, has prepared a set of hard forked system based on the original chain of bitcoin
5. EOS
founder: Daniel Larimer
BM (Daniel Larimer), a blockchain architecture platform similar to the operating system, is developed to realize the performance expansion of distributed applications
6. Litteoin / LTC is an internet currency based on peer-to-peer technology and an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world
7. Stellar
founder: Jed McCaleb
the digital currency project initiated by Jed McCaleb, the former founder of ripple, is used to build a decentralized gateway between digital currency and fiat money. It will be provided to users in the form of free distribution, and its supply online is 100 billion, of which 95% of the amount of star coin is used for free distribution
8. Cardano
founder: Charles hoskinson
the end result of ADA cryptocurrency, which can be used to send and receive digital funds. This kind of digital cash represents the future currency, through the use of encryption technology, can be fast, direct transfer, to ensure its security
9. Tether
founder: Craig sellers
tether USD, a token launched by tether company, is based on the stable value currency USD. Users can query funds on tether platform to ensure transparency. Each TEDA coin is symbolically associated with government supported legal tender< Iota
10, iota
founder: David sonstebo
a crowdfunding project started in 2014, which is a revolutionary transaction settlement and data transfer layer specially designed for the Internet of things. It's based on a new type of distributed ledger, tangle, which is like a blockchain, but it uses a network structure instead of a chain structure, which makes it more scalable and stable.
3.
Policies and regulations
4. The first part: build your own blockchain directory from 0 to 1:
1.1 start with imitation, First knowledge of blockchain
1.2 basis of blockchain: analysis of consensus mechanism
1.3 design principle and method of consensus mechanism
1.4 how to quickly clone a blockchain
1.5 how to turn bitcoin into its own private chain - bifurcated bitcoin
1.6 how to turn Ethereum into its own private chain - bifurcated Ethereum
1.7 how to turn ripple into its own private chain - bifurcated Ripple
1.8 how to turn stellar into a private chain of its own, How to develop your own blockchain wallet (windows and MAC) 1.11 how to develop your own blockchain wallet (Android and IOS) 1.12 how to develop an online wallet similar to blockchain.info 1.13 how to increase the security and robustness of your own blockchain network 1.14 how to use coin to handle recharge withdrawal business
1.15 How to use the fund pool to build a mixed currency service
1.16 how to design a new mining algorithm
this process is generally used, but it is also very difficult for ordinary people to complete. The mature projects of blockchain include Ethereum, decent, bitcoin and so on.
1.1 start with imitation, First knowledge of blockchain
1.2 basis of blockchain: analysis of consensus mechanism
1.3 design principle and method of consensus mechanism
1.4 how to quickly clone a blockchain
1.5 how to turn bitcoin into its own private chain - bifurcated bitcoin
1.6 how to turn Ethereum into its own private chain - bifurcated Ethereum
1.7 how to turn ripple into its own private chain - bifurcated Ripple
1.8 how to turn stellar into a private chain of its own, How to develop your own blockchain wallet (windows and MAC) 1.11 how to develop your own blockchain wallet (Android and IOS) 1.12 how to develop an online wallet similar to blockchain.info 1.13 how to increase the security and robustness of your own blockchain network 1.14 how to use coin to handle recharge withdrawal business
1.15 How to use the fund pool to build a mixed currency service
1.16 how to design a new mining algorithm
this process is generally used, but it is also very difficult for ordinary people to complete. The mature projects of blockchain include Ethereum, decent, bitcoin and so on.
5.
Blockchain platforms include Ethereum, Asch and other underlying application development platforms
Ethereum, an open source public blockchain platform with smart contract function, provides decentralized Ethereum virtual machine to process point-to-point contract through its special cryptocurrency ether (ETH)
arch, a decentralized application platform based on side chain technology. Asch is designed to lower the threshold of developers, such as using JavaScript as the application programming language and supporting relational database to store transaction data, which is believed to be very attractive to developers and small and medium-sized enterprises
extended data
in 2008, Nakamoto first proposed the concept of blockchain. In the following years, blockchain has become the core component of electronic currency bitcoin: public account book for all transactions
by using peer-to-peer network and distributed timestamp server, the blockchain database can be managed independently. The blockchain invented for bitcoin makes it the first digital currency to solve the problem of repeated consumption. Bitcoin's design is a source of inspiration for other applications
bitcoin is the absolute mainstream of digital currency, and digital currency is in full bloom. Bitcoin, litecoin, dogecoin, dashcoin are common. In addition to currency application, there are various derivative applications, such as Ethereum, Asch and other underlying application development platforms, as well as NXT, SIA, bitstocks, maidsafe, ripple and other instrial applications
6. At present, the excessive investment in mining is a great pressure for new friends. The regeneration group (ITGC) is a good entry point. The most important thing is that ITGC client has built-in one click mining! One click mining! One click mining! Important things are to be repeated for 3 times. For Xiao, in fact, mining is not so difficult, as long as there is a computer, a mobile phone can, today teach you a key mining
first of all, we need to download ITGC's wallet client. We can search eppool, Download professional mining tools, and now support PC's win, Linux, MacOS's CPU and graphics card mining, as well as Android mobile phone mining! The second step is to download the official wallet client. After downloading and installing, we start ITGC wallet. Step three, start mining Mining command] enter go and enter to start your mining journey. It's so simple! It's amazing!
first of all, we need to download ITGC's wallet client. We can search eppool, Download professional mining tools, and now support PC's win, Linux, MacOS's CPU and graphics card mining, as well as Android mobile phone mining! The second step is to download the official wallet client. After downloading and installing, we start ITGC wallet. Step three, start mining Mining command] enter go and enter to start your mining journey. It's so simple! It's amazing!
7. Lightning bitcoin has not been well known because it is a bifurcated coin of bitcoin. Many users in the coin circle instinctively dislike this kind of token. Fork coin has now become synonymous with money and running. But what you may not know is that all bifurcated bitcoin can be called currency in the eyes of foreign regulators. The US SEC only recognizes bitcoin and Ethereum as currencies because they have not concted ICO in public channels. Accordingly, these bifurcated currencies are regarded as currency. And lightning bitcoin is the only one that doesn't pre dig in the fork coin. You can imagine that bitcoin is 100 banknotes issued by a bank, and all kinds of bifurcated banknotes are equivalent to banknotes of different denominations issued by the bank. You may not be able to understand the valuable value of this. When it comes to the circulation of entities, if you are a bifurcated coin of bitcoin, it is easy to pass the government compliance. In short, the reason why the Grand Prince BCH can get through the physical circulation in Japan so quickly is just the light of bitcoin
then why should I say that lightning bitcoin is a great currency experiment? We compare lightning bitcoin to a free economy with three major stakeholders: developers, miners and holders
so far, no blockchain project can effectively govern the three. Why? The reason is very simple. In an ICO project, the developers, coin holders and even miners are the same group. It's easy to understand. Why should he give the best interests to the ICO holders? This is obviously not in line with human nature. The reason why lightning bitcoin dares to do chain governance is related to the issuing mode of lightning bitcoin. LBTC's "governance on the chain" is another attempt to "decentralize", which is also very eye-catching. Dpos mechanism determines that there are 101 nodes in the network. At the same time, unlike pow, the right of choice is in the hands of the coin holder. These nodes will be elected by the vote of the coin holder. When the node does not act, the user can vote out of the network. According to last week's weekly report, LBTC's block browser has also added this function, which can view the operation of nodes in real time. It also paves the way for LBTC's "chain governance". In the LBTC system, all coin holders can vote to decide whether the project development proposal will go or stay, and all members of the organization can participate in the decision-making and operation of the organization. In addition, the 5000 standard of lockup after the election of the lightning node ensures that the node is both a mine pool and a coin holder. In this way, the relationship among miners, developers and users is well balanced, and the foundation of an autonomous organization is formed.
then why should I say that lightning bitcoin is a great currency experiment? We compare lightning bitcoin to a free economy with three major stakeholders: developers, miners and holders
so far, no blockchain project can effectively govern the three. Why? The reason is very simple. In an ICO project, the developers, coin holders and even miners are the same group. It's easy to understand. Why should he give the best interests to the ICO holders? This is obviously not in line with human nature. The reason why lightning bitcoin dares to do chain governance is related to the issuing mode of lightning bitcoin. LBTC's "governance on the chain" is another attempt to "decentralize", which is also very eye-catching. Dpos mechanism determines that there are 101 nodes in the network. At the same time, unlike pow, the right of choice is in the hands of the coin holder. These nodes will be elected by the vote of the coin holder. When the node does not act, the user can vote out of the network. According to last week's weekly report, LBTC's block browser has also added this function, which can view the operation of nodes in real time. It also paves the way for LBTC's "chain governance". In the LBTC system, all coin holders can vote to decide whether the project development proposal will go or stay, and all members of the organization can participate in the decision-making and operation of the organization. In addition, the 5000 standard of lockup after the election of the lightning node ensures that the node is both a mine pool and a coin holder. In this way, the relationship among miners, developers and users is well balanced, and the foundation of an autonomous organization is formed.
8. Virtual currency, or more formally, digital currency. Although it carries the words of currency, it should be a kind of digital financial asset. Its value comes from the application of blockchain technology in payment, clearing, notarization, digital verification and other aspects, which brings efficiency improvement and cost rection
as you can understand it, it's like the stock of these technology service providers. As these technologies become more and more widely used, these virtual coins will become more and more valuable
bitcoin, which appeared in 2009, is the first kind of virtual currency in the world. It is also the first time that it has applied the blockchain technology which is popular all over the world
after bitcoin, there are many imitators in the market. They either improved on the basis of bitcoin, or put forward more grand technical ideas than bitcoin. Virtual currency, which is common in other markets and considered as "regular army" by instry insiders, is collectively referred to as competitive currency. Together with bitcoin, it forms the whole digital currency market, with a total market value of nearly 100 billion US dollars
there are thousands of virtual currencies in the market, most of which are risky; In addition, there are many MLM coins that are simply for the purpose of deceiving people< In order to help you avoid being cheated, the following is a brief introction to the main "regular army":
1. Bitcoin (BTC)
bitcoin is the first virtual currency in the world, with a total of 21 million. At present, more than 16 million bitcoins have been "g up", with a total market value of about US $45 billion, equivalent to half of the total market value of all virtual coins. It is well deserved to be the number one in the coin circle
bitcoin has been accepted as payment currency by hundreds of thousands of businesses around the world; In addition, bitcoin has also become a common money raising currency in various blockchain technology startups. Therefore, with the increasing demand for bitcoin, the value of bitcoin is likely to grow in the long run
2. Eth is regarded as "bitcoin version 2.0" and is the most likely competitor to surpass the market value of bitcoin. Some time ago, the market value of bitcoin was close to that of bitcoin. However, e to the price rection in the recent month, the market value of bitcoin is only about half of that of bitcoin
Ethernet coin was born in the summer of 2014. It is issued on the Ethereum blockchain, which is different from bitcoin. Ethereum blockchain is a decentralized application platform, which solves the problems of bitcoin's technical limitation in currency application and insufficient function expansion, so it has great technical advantages
3. Bitcash (BCH)
BCH inherits a small part of bitcoin's legacy, the name of bitcoin's cash is also good, and the image logo also inherits a part of bitcoin. The ecology of BCH is also good
BCH pursues to be a world currency and an underlying platform for chain application. BCH is actively deploying the main chain expansion and developing the two-tier network to realize the ideal
the whole ecology should be made efforts from two aspects. The first direction is the expansion of the main chain, payment experience and function improvement. Capacity expansion is the guarantee to keep the certainty of monetary transaction fees very low. Improving the payment experience, including popularizing zero confirmation, pre consensus, and possibly shortening block time, are all evolving towards a better payment experience. The main chain function is perfect, including Op_ Return expansion, token issuance, new opcode addition
with the expansion of BCH main chain function, BCH based applications can be developed. The most famous are the decentralized microblog like memo, the paid download seed application like joystream, and the decentralized encrypted communication like Keyport
the second direction is to develop layer-2 network. Build a new blockchain based on BCH network, such as wormhole and kenoken, which are similar to Ethereum network based on BCH. BCH undertakes more complex block chain functions, such as notification contract, through two-layer network. The competition direction of BCH layer 2 network is to compete with the side chain of BTC
4. Lightning bitcoin (LBTC)
bitcoin has been developing for 10 years. In this decade, bitcoin has experienced three important splits, and now it has become four kinds of currencies. The first is BTC, which has inherited most of bitcoin's heritage; The second is BCH; The third is BSV and the fourth is LBTC
LBTC was born to break the power monopoly of big miner and bitcoin core bitcoin, introce more new features and functions for bitcoin, and greatly improve its performance. Lightning bitcoin (LBTC) is a peer-to-peer e-cash system, which is an innovative experiment based on bitcoin. It uses the dpos consensus mechanism based on utxo to separate the voting right and accounting right, so that the token will not be kidnapped by any party. It is a global value Internet transmission protocol with high speed, low handling charge and high scalability. Due to the adoption of dpos consensus mechanism, users can participate without professional mining machines, achieving real decentralization
the above four are the most mainstream bifurcated versions of bitcoin protocol. They are also investment procts that can realize your desire of soaring wealth. Senior managers can play with them, but the premise is that you need to be prepared for huge losses - because they are very volatile
for Xiao, I would like to say: Although virtual currency is a secret weapon for ordinary people to counter attack the sudden wealth, it's very difficult for you to make a lot of money from it
in addition, at present, the price of virtual bitcoin is at a high level, and it can not be ruled out that it will mainly be sideways in 2019. At this time, I think it is a good choice to some other mainstream bifurcation currencies, such as BCH, BSV and LBTC.
as you can understand it, it's like the stock of these technology service providers. As these technologies become more and more widely used, these virtual coins will become more and more valuable
bitcoin, which appeared in 2009, is the first kind of virtual currency in the world. It is also the first time that it has applied the blockchain technology which is popular all over the world
after bitcoin, there are many imitators in the market. They either improved on the basis of bitcoin, or put forward more grand technical ideas than bitcoin. Virtual currency, which is common in other markets and considered as "regular army" by instry insiders, is collectively referred to as competitive currency. Together with bitcoin, it forms the whole digital currency market, with a total market value of nearly 100 billion US dollars
there are thousands of virtual currencies in the market, most of which are risky; In addition, there are many MLM coins that are simply for the purpose of deceiving people< In order to help you avoid being cheated, the following is a brief introction to the main "regular army":
1. Bitcoin (BTC)
bitcoin is the first virtual currency in the world, with a total of 21 million. At present, more than 16 million bitcoins have been "g up", with a total market value of about US $45 billion, equivalent to half of the total market value of all virtual coins. It is well deserved to be the number one in the coin circle
bitcoin has been accepted as payment currency by hundreds of thousands of businesses around the world; In addition, bitcoin has also become a common money raising currency in various blockchain technology startups. Therefore, with the increasing demand for bitcoin, the value of bitcoin is likely to grow in the long run
2. Eth is regarded as "bitcoin version 2.0" and is the most likely competitor to surpass the market value of bitcoin. Some time ago, the market value of bitcoin was close to that of bitcoin. However, e to the price rection in the recent month, the market value of bitcoin is only about half of that of bitcoin
Ethernet coin was born in the summer of 2014. It is issued on the Ethereum blockchain, which is different from bitcoin. Ethereum blockchain is a decentralized application platform, which solves the problems of bitcoin's technical limitation in currency application and insufficient function expansion, so it has great technical advantages
3. Bitcash (BCH)
BCH inherits a small part of bitcoin's legacy, the name of bitcoin's cash is also good, and the image logo also inherits a part of bitcoin. The ecology of BCH is also good
BCH pursues to be a world currency and an underlying platform for chain application. BCH is actively deploying the main chain expansion and developing the two-tier network to realize the ideal
the whole ecology should be made efforts from two aspects. The first direction is the expansion of the main chain, payment experience and function improvement. Capacity expansion is the guarantee to keep the certainty of monetary transaction fees very low. Improving the payment experience, including popularizing zero confirmation, pre consensus, and possibly shortening block time, are all evolving towards a better payment experience. The main chain function is perfect, including Op_ Return expansion, token issuance, new opcode addition
with the expansion of BCH main chain function, BCH based applications can be developed. The most famous are the decentralized microblog like memo, the paid download seed application like joystream, and the decentralized encrypted communication like Keyport
the second direction is to develop layer-2 network. Build a new blockchain based on BCH network, such as wormhole and kenoken, which are similar to Ethereum network based on BCH. BCH undertakes more complex block chain functions, such as notification contract, through two-layer network. The competition direction of BCH layer 2 network is to compete with the side chain of BTC
4. Lightning bitcoin (LBTC)
bitcoin has been developing for 10 years. In this decade, bitcoin has experienced three important splits, and now it has become four kinds of currencies. The first is BTC, which has inherited most of bitcoin's heritage; The second is BCH; The third is BSV and the fourth is LBTC
LBTC was born to break the power monopoly of big miner and bitcoin core bitcoin, introce more new features and functions for bitcoin, and greatly improve its performance. Lightning bitcoin (LBTC) is a peer-to-peer e-cash system, which is an innovative experiment based on bitcoin. It uses the dpos consensus mechanism based on utxo to separate the voting right and accounting right, so that the token will not be kidnapped by any party. It is a global value Internet transmission protocol with high speed, low handling charge and high scalability. Due to the adoption of dpos consensus mechanism, users can participate without professional mining machines, achieving real decentralization
the above four are the most mainstream bifurcated versions of bitcoin protocol. They are also investment procts that can realize your desire of soaring wealth. Senior managers can play with them, but the premise is that you need to be prepared for huge losses - because they are very volatile
for Xiao, I would like to say: Although virtual currency is a secret weapon for ordinary people to counter attack the sudden wealth, it's very difficult for you to make a lot of money from it
in addition, at present, the price of virtual bitcoin is at a high level, and it can not be ruled out that it will mainly be sideways in 2019. At this time, I think it is a good choice to some other mainstream bifurcation currencies, such as BCH, BSV and LBTC.
9. According to the relationship between digital currency and real economy and real currency, it can be divided into three categories:
one is completely closed, has nothing to do with real economy and can only be used in specific virtual communities, such as world of warcraft gold
Second, it can be purchased in real currency but not converted back to real currency, which can be used to purchase virtual goods and services, such as Facebook credit
thirdly, it can be exchanged and redeemed with real currency according to a certain ratio. It can purchase both virtual goods and services and real goods and services, such as bitcoin [2]
transaction mode
at this stage, digital currency is more like an investment proct, because of the lack of a strong guarantee agency to maintain its price stability, its role as a value measure has not yet appeared, and it can not be used as a means of payment. As an investment proct, digital currency cannot develop without trading platform, operating company and investors
trading platforms act as trading agents, and some of them act as market makers. The profits of these trading platforms come from investors' transaction or withdrawal fees and premium income from holding digital currency. Bitstamp, gathub, ripple Singapore, snapswap, Japan's Mt. GOx and China's new star Ruihu are the platforms with large trading volume [4]
the process of digital currency trading through the platform is as follows:
(1) investors should first register their accounts and obtain digital currency accounts and US dollar or other foreign exchange accounts
(2) users can buy and sell digital currency with the money in their cash account, just like buying and selling stocks and futures
(3) the trading platform will sort the buy requests and sell requests according to the rules and start to match them. If they meet the requirements, the transaction will be concluded
(4) a buy or sell request may be partially executed e to the difference between the buy and sell volumes submitted by users.
one is completely closed, has nothing to do with real economy and can only be used in specific virtual communities, such as world of warcraft gold
Second, it can be purchased in real currency but not converted back to real currency, which can be used to purchase virtual goods and services, such as Facebook credit
thirdly, it can be exchanged and redeemed with real currency according to a certain ratio. It can purchase both virtual goods and services and real goods and services, such as bitcoin [2]
transaction mode
at this stage, digital currency is more like an investment proct, because of the lack of a strong guarantee agency to maintain its price stability, its role as a value measure has not yet appeared, and it can not be used as a means of payment. As an investment proct, digital currency cannot develop without trading platform, operating company and investors
trading platforms act as trading agents, and some of them act as market makers. The profits of these trading platforms come from investors' transaction or withdrawal fees and premium income from holding digital currency. Bitstamp, gathub, ripple Singapore, snapswap, Japan's Mt. GOx and China's new star Ruihu are the platforms with large trading volume [4]
the process of digital currency trading through the platform is as follows:
(1) investors should first register their accounts and obtain digital currency accounts and US dollar or other foreign exchange accounts
(2) users can buy and sell digital currency with the money in their cash account, just like buying and selling stocks and futures
(3) the trading platform will sort the buy requests and sell requests according to the rules and start to match them. If they meet the requirements, the transaction will be concluded
(4) a buy or sell request may be partially executed e to the difference between the buy and sell volumes submitted by users.
10. You can search the app directly in Apple's app mall, and just go down
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