What does virtual currency org mean
virtual currency ICO (abbreviated as initial coin offering) is a kind of blockchain, which is a common way to raise funds for cryptocurrency / blockchain projects. This kind of blockchain is a kind of data structure with relatively complex arrangement, and it is a kind of distributed ledger that can not be forged
virtual currency is different from check and telegraphic transfer. The value that virtual currency can't realize can't be transferred by bank. At present, it can only circulate in the network world. Virtual currency is released by various network organizations, and there is no unified issuance and management standard
extended materials:
virtual currency refers to a kind of virtual money on the Internet. That is to say, the information flow or data flow that replaces the circulation of real money in high technology. Today, with the rapid development of information technology, real money is far from meeting people's demand for capital flow
blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. The so-called consensus mechanism is a mathematical algorithm to establish trust and obtain interests between different nodes in the blockchain system
blockchain is an important concept of bitcoin, which is essentially a disintermediated database, as well as the underlying technology of bitcoin. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of a bitcoin network transaction, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block
reference materials: Network: virtual currency
Network: ICO
Network: blockchain
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the up and down limit system of futures refers to that the transaction price of a futures contract in a trading day cannot be higher or lower than a certain range of rise and fall based on the settlement price of the previous trading day of the contract. If the quotation exceeds this range, it will be deemed invalid and cannot be traded. The price limit system implemented in China has the characteristics of "non-stop touch", that is, after the stock price or futures contract price reaches the price limit, there is no restriction on trading, and trading at or within the price limit can still be carried out until the end of the day.
the price limit rules of domestic futures market are as follows: Dou 1, Dou 2, Dou 2 Soybean meal, soybean oil and corn were settled yesterday ± 4%, there is no expansion rule. Zhengzhou Commodity Exchange: hard wheat: ± 3%, strong wheat: ± 3%, cotton: ± 4%, sugar: ± 4% expansion rules: T2 = T1 * 150%, T3 = T1 * 150% copper and aluminum of Shanghai Futures Exchange: ± 4%,T2: ± 5%,T3: ± 6% rubber: ± 3%,T2: ± 6%,T3: ± 6% note: T2: the second trading day; T3: the third trading day