What does the main chain of virtual currency mean
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
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.
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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.
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
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 lifehalf 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