What does the main chain of virtual currency mean

1.

This is two different concepts. According to different standards, blockchain can be classified into three categories:

& # 8195&# 8195; 1) According to the network scope of blockchain, it can be divided into public chain, private chain and alliance chain

 &# 8195; 2) According to the docking type of blockchain, it is divided into single chain, side chain and interconnection chain

 &# 8195; 3) According to the display environment of blockchain deployment, it can be divided into main chain and test chain

the main chain can be understood as a formal online and independent blockchain network, while the public chain refers to a blockchain that can be read by anyone, can send transactions and can be effectively confirmed by anyone, and can participate in its consensus process

2. All virtual currencies run on the blockchain, and your assets are called the balance on the chain

3. virtual currency refers to the currency that does not exist in reality and exists in a virtual state, such as bitcoin, lightcoin, Ethereum and so on; Token refers to the form of money that can be used as a monetary function and can be used to purchase goods
virtual currency can be used for shopping transactions in certain situations, such as in some places abroad; At this time, it counts as a token and plays the role of currency
but token, such as the shopping card voucher printed by the company itself, can be used for the internal consumption of the company. To some extent, it is equivalent to token; However, it is not a virtual currency
that is to say, virtual currency may be token; But token is not necessarily a virtual currency.

4. When the currency is online to the exchange, it is called online currency, which means online this project

5. Connecting with the wallet on the first floor is equivalent to calling LTC to him. It's really bad. It's a cheat for novices
please accept if you are satisfied

6. Jinwowo will focus on blockchain technology to promote the legal circulation and commercial application of big data. The following is the development trend of blockchain in 2018 analyzed by jinwowo:
1. Asia and the Middle East will actively promote blockchain
2. Network security requirements will drive the popularization of blockchain
3 - all instries will fully invest in blockchain application technology
4 - automation and privatization are coming.

7. I'll give you a connection. See for yourself

8. Wxr of the alien Alliance launched in August

9. 1. Lightning network

lightning network is a kind of chain breaking technology, which uses layer 2 to eliminate the transaction processing capacity of bitcoin

examples of terminology usage

bitfinex plans to implement tether based lightning network (usdt)

detailed description

if lightning network is introced, it is possible to trade outside the crowded blockchain, so as to speed up the transaction speed and rece the cost. If you can speed up transactions and rece costs, you can make small payments, which is expected to create new procts and services

6. mining pool

Mining pool is an organized server, which is created to collect the hash value of each miner and cooperate in mining

examples of terminology usage

the rewards earned by the virtual currency exchange binance in the mining pool can be directly traded by binance

detailed description

in the mining business of vital scale, a mechanism for multiple miners to cooperate in mining. The reward is paid according to the contribution of the mining

7. Half life

half life refers to the time when the mining reward (= new circulation) of bitcoin and other virtual currencies is reced by half

examples of terminology usage

cryptocurrency bitcoin (BTC) will reach its third half-life on May 12, 2020, and the mining reward will be reced from 12.5 BTC to 6.25 BTC

detailed description

many virtual currencies have "issuance limits" to prevent inflation, and the new issuance will be reced by half every certain interval of half-life. This is also a noteworthy event unique to virtual money, because with the decrease of supply and the rising of price, the scarcity value increases significantly