Mine pool docking project party
The first sub chain of ETO public chain, Jingniu chain, is coming online soon, helping the entity enterprises to enter a new era of "blockchain +"
blockchain has been born for more than ten years. In recent years, with the increasingly mature blockchain technology and the continuous enrichment of application scenarios, blockchain has attracted more and more attention. In particular, on April 20 this year, the national development and Reform Commission explicitly proposed for the first time that the blockchain should be included in the scope of China's "new infrastructure". Blockchain has become a key technology to enhance the efficiency of China's stock assets and improve the competitiveness of medium and long-term instries
the significance of chain reform? In essence, through the consistent distribution and rendant storage of data in the whole network, blockchain realizes the openness, transparency and non tampering of data, reces the information asymmetry at the system level, and enables nodes to reorganize business relationships based on new information acquisition capabilities. While the information system of blockchain is decentralized, the overall efficiency is improved by constructing the decentralization of business system and the disintermediation of business process
the essential requirement of real economy reform is to rece cost and increase efficiency. The purpose of developing digital economy is to serve the real economy, and blockchain plays an extremely important role in this process
on the one hand, the so-called "chain reform" is to reconstruct and reorganize the business process of the real economy through the blockchain, and realize the distribution and storage of data on the chain with decentralized business system and disintermediated business process; On the other hand, through the introction of token economy, we can adjust the interest structure of different subjects in the business system, improve the value flow efficiency of the whole supply chain system, and reconstruct the interest distribution model. That's why chain reform is so important
from the technical level, the chain reform can solve the problems of trust, security, privacy protection, cost rection and efficiency through application, information and assets. From the perspective of token economy, chain reform can change the way of economic value output, circulation and distribution, so that all contributors of the whole ecology can get corresponding returns for their own efforts
the chain reform transforms the identity of "consumer" into the identity of "consumer + communicator + investor", transforms the interest pair into the interest community, and improves the stickiness of terminal consumers; Through the design of incentive model, the proction relationship can be liberated, the collaborative value of the upstream and downstream of the supply chain can be improved, and the benefit can be maximized. In the long run, chain reform is of great significance to the development and progress of the whole society and the promotion and protection of personal income
Jingniu chain, which focuses on one-stop chain reform service, is the world's leading one-stop chain reform service platform focusing on real economy chain reform and digital equity of real enterprises. On the one hand, Jingniu chain is committed to help small and medium-sized enterprises solve the internal and external incentive problems through blockchain technology, obtain immediate incentive feedback internally, and improve the efficiency of upstream and downstream collaboration externally; According to the proct characteristics of different enterprises, personalized chain reform scheme is provided to enable enterprises to obtain differentiated competitive advantage
the specific destruction mechanism is as follows: 5% of the amount is always released every day as the destruction pool, and the explosion report mechanism is used to return to the participants. The miner needs 3% equivalent ETO (platform token of ETO equity public chain) as the miner's fee to participate in the explosion report, and the mine pool will get random returns of 2 times, 3 times, 4 times and 5 times according to the destruction amount, The money returned by the miner will be released by 2% of the balance per day until the amount of the destroyed ore pool has been exploded. The amount of money that has not been exploded on that day will be deposited in the destroyed ore pool
in terms of miner's fees, 3% ETO of equivalent value is required for pledge or withdrawal of currency JnL as token, and 0.3% ETO of equivalent value is required for transaction and transfer as handling charge
in addition, 3% of daily proction will be converted into 1% charity fund, 1% Tourism Fund and 1% learning fund respectively
As the world's leading service platform for chain reform and digital equity, Jingniu chain not only has the world's top team, covering the landing cases of chain reform and digital equity service in many instries, but also can provide services such as all-round and multi-channel promotion and operation, investment and merger, digital equity transformation, listing and circulation transaction, JnL, as the circulation medium of the value bearing capacity of the whole ecosystem, plays an important role
in the future, as more and more small and medium-sized entity enterprises realize the importance of blockchain and the continuous development of the chain reform platform represented by Jingniu chain, more "blockchain +" instries will be launched, and the global entity enterprises will enter a new era of "blockchain +"
are there multiple client applications? There are two schools of thought. One assumption is that a single normative client application can concentrate limited resources on one project, and a development team can communicate more easily, which will maximize the success rate and competitiveness compared with other platforms. In addition, a single client application can prevent consensus failure caused by local account book inconsistency of different nodes (at least as long as each node upgrades its software after hard forking). On the other hand, the existence of multiple clients will make the network more likely to survive attacks (one client may stop block proction completely) or consensus failure (one or more clients cannot run the protocol correctly, which may lead to wrong block or stop block proction completely). In fact, both happened in Ethereum. But there are more subtle reasons. Firstly, the parallel application of multiple clients reces the dominant influence of a single core development team on the network, which is one of the biggest problems of bitcoin governance (zcash foundation will also decide to build a second zcash client to balance the power of electric coin). Moreover, different clients may make different architecture decisions and have different advantages (for example, mining, data search), and using different languages to write clients can enable more developers to participate in core development. Although parallel applications and beta applications are very good, the mainstream is the main network client: for example, bitcoin has at least 15 client applications, but 97% of the nodes run a program, that is, bitcoin core
how many organizations control mining computing power? The more parties involved in mining, the more difficult it is to collude with each other to engage in selfish mining, or to engage in double flower attacks (commonly known as 51% attacks, but the actual mathematical principles are more complex). This is not a hypothetical risk, as it has occurred in networks such as Ethereum classic and bitcoin gold. In addition, more miners means a fairer distribution of mining rewards. Although many indivial miners may participate in mining, because of incentives, they will gather in a few mines, and even a seemingly decentralized network may rely on a few entities for Mining: the three largest Ethereum mines jointly control 60% of the total power, while bitcoin's top four mines account for about 56%.