Introduction to HBD

1.

virtual currency is the currency used for electronic circulation. Now the scope of virtual currency is very large, including q-coin, bitcoin and so on. With the development of digital currency, virtual currency is becoming more and more abundant, which may become the mainstream in the future. For example, BTC, EOS, bcbot and so on are not only virtual currencies, but also algorithms, landing projects and technologies

virtual currency is mainly issued by online game service providers to purchase game props, such as equipment, clothing, etc. But at present, the use of virtual currency has gone far beyond this category. Virtual currency can be used to buy game cards, physical objects and download services of some movies and software

extended data:

real risk

as the proct of e-commerce, virtual currency has begun to play an increasingly important role, and it is more and more connected with the real world. However, with the growth of virtual currency, the relevant laws and regulations are lagging behind, which has laid many hidden dangers

fraud

the private transaction of online virtual currency has realized the two-way circulation between virtual currency and RMB to a certain extent. The activity of these traders is to buy all kinds of virtual currencies and procts at a low price, and then sell them at a high price to earn profits. With the increase of such transactions, there are even virtual mints. In addition to the virtual currency provided by the main company, there are also some people who specialize in "virtual coin making" to obtain virtual currency by playing games and then resell it to other players

Taking Wenzhou as an example, there are about seven or eight such "virtual mints" with four or five hundred practitioners. This not only creates a bubble for the price of the virtual currency itself, but also causes trouble for the normal sale of the issuing company. It also provides a platform for selling and collecting money and money laundering for various cyber crimes. p>

impact system

in modern financial system, the issuers of money are generally central banks, which are responsible for the management and supervision of money operation. As the equivalent exchange goods used to replace the real currency circulation on the Internet, the virtual currency on the Internet is essentially the same as the real currency. The difference is that the issuers are no longer central banks, but Internet companies

if the development of virtual currency makes it form a unified market, each company can exchange with each other, or virtual currency is integrated and unified, and all of them are based on the same standard and price, then in a sense, virtual currency is currency, which is likely to form a threat impact on the traditional financial system or economic operation

reference: network virtual currency

2. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on December 17, 2017, bitcoin reached an all-time high of $19850. On July 27, 2020, bitcoin broke through the $10000 mark again [2]<
Chinese name
bitcoin
foreign name
bitcoin
type
encrypted digital currency
circulation platform
Network
founder
Nakamoto Tsung
quick
navigation
founder generation principle currency characteristics currency trading legal status external evaluation
development process
what is the single bitcoin selected
01:07
from the transaction of things In 2008, the global financial crisis broke out. On November 1 of the same year, a person who called himself Satoshi Nakamoto published the white paper bitcoin: a peer-to-peer e-cash system [6] on the P2P foundation website, stating his new idea of e-money bitcoin came out. On January 3, 2009, bitcoin Genesis block was born
there are three bitcoins in total
compared with legal tender, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacture of bitcoin, and it can circulate all over the world. It can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can dig, buy, sell or receive bitcoin, And in the transaction process, foreigners can not identify the user's identity information. On January 5, 2009, bitcoin, which is not controlled by the central bank and any financial institutions, was born. Bitcoin is a kind of digital currency, which is composed of a series of complex codes generated by computer. The new bitcoin is made by preset program
whenever bitcoin comes into the view of mainstream media, mainstream media always ask some mainstream economists to analyze bitcoin. Earlier, these analyses always focused on whether bitcoin was a scam. Now the analysis is always focused on whether bitcoin can become the mainstream currency in the future. The focus of the debate is often on the deflationary nature of bitcoin[ 7]
many bitcoin players are attracted by the fact that bitcoin can not be added at will. Contrary to the attitude of bitcoin players, economists have a polarized attitude towards the fixed amount of 21 million bitcoin
Keynesian economists believe that the government should actively regulate the total amount of money, and use the tightness of monetary policy to timely fuel or brake the economy. As a result, they believe that bitcoin's fixed aggregate currency sacrifices its adjustability, and worse still, it will inevitably lead to deflation, thereby harming the overall economy. Austrian economists hold the opposite view. They think that the less the government intervenes in money, the better. The deflation caused by the fixed amount of money is not a big deal, even a sign of social progress
bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system. Bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network will get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer[ 6]
in 2009, when bitcoin was born, block rewards were 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25. When the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million[ 3]
bitcoin is a virtual currency with limited quantity, but it can be used to cash out: it can be converted into the currency of most countries. You can use bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use bitcoin to buy real-life items
on February 25, 2014, the opening price of "bitcoin China" was 3562.41 yuan. By 4:40 p.m., the price had dropped to 3185 yuan, down more than 10%. According to the historical market data of the platform, on January 27, 2014, 1 bitcoin could be exchanged for 5032 yuan. This means that in less than a month on the platform, the price of bitcoin has dropped by 36.7%
on September 9 of the same year, the US e-commerce giant eBay announced that Braintree, its payment processing subsidiary, would start accepting bitcoin payments. The company has entered into a partnership with coinbase, a bitcoin trading platform, to begin to accept this relatively new means of payment
although the eBay market trading platform and paypal business do not accept bitcoin payment, Braintree customers such as airbnb, a travel house rental community, and Uber, a car rental service, will be able to start accepting this virtual currency. Braintree, whose main business is to provide payment processing software to enterprises, was acquired by eBay in 2013 for about $800 million
on the evening of January 22, 2017, fire coin, bitcoin China and okcoin announced on their respective official websites that in order to further curb speculation and prevent drastic price fluctuations, all platforms will start to collect transaction service fees from 12:00 noon on January 24, and the service fees will be charged at a fixed rate of 0.2% of the transaction amount, and the active transaction and passive transaction rates are the same[ 8] On May 5, according to the latest data of okcoin, the price of bitcoin has just set a new record, reaching a high of 9222 yuan by the time of publication. From 12:00 noon on January 24, China's three major bitcoin platforms officially began to collect transaction fees. On September 4, the central bank and other seven ministries and commissions announced that China banned virtual currency trading
on December 17 of the same year, bitcoin reached an all-time high of $19850
on November 25, 2018, bitcoin broke the $4000 mark and then stabilized at more than $3000[ 9] On November 19, cryptocurrency resumed its decline, and bitcoin fell to the $5000 mark for the first time since October 2017, e to BCH's hard bifurcations and the regulatory authorities' enhanced scrutiny of the initial token issue (ICO)[ 9] At 4:30 a.m. on November 21, the offer of bitcoin on the coinbase platform fell below $4100, a 13 month low
in April 2019, bitcoin broke the $5000 mark again, reaching a new high in the year[ 10] On May 12, bitcoin broke through $7000 for the first time in nearly eight months[ 11] On May 14, according to the offer of coin market cap, bitcoin stood at $8000, up 14.68% in 24 hours[ 12]
on June 22 of the same year, the price of bitcoin broke through the $10000 mark. Bitcoin prices fluctuated around 10200, rising nearly 7% in 24 hours[ 13] On June 26, the price of bitcoin broke through $12000, a 17 month high since January last year[ 14] In the morning of June 27, the price of bitcoin was close to $14000, reaching a new high of the year[ 15]
on February 10, 2020, bitcoin broke through $10000. According to trading data, bitcoin's price rose more than 3%, breaking the psychological limit of $10000 for the first time since October 26 last year[ 16]
on March 12, according to the data of bitstamp, the cryptocurrency trading platform, the lowest price of bitcoin dropped to US $5731 at 19:44[ 17]
on May 8, bitcoin broke through the $10000 mark, a new high since February[ 18]
from 8:00 a.m. on May 10, the unit price of bitcoin fell by thousands of dollars from $9500 in half an hour, with the lowest price falling below $8200 and the highest price difference exceeding $1400[ 19]
at 6 p.m. on July 26, bitcoin rose rapidly for a short time, reaching a maximum of 10150.15usdt, with a maximum increase of more than 4% within the day. This is the first time since June 2, 2020 that bitcoin has exceeded the $10000 level[ 2]
bitcoin has been "forked" more than 100 times in two years. How about those forked coins now
a financial book
like 67
reading 6113
it's easy to be attacked by hackers and ask for bitcoin! Network threat has been related to the life and death of enterprises<
heart of rock
Zan 18
reading 1886
I bet that bitcoin will never die out
entrepreneurial state
Zan 96
reading 15000
visiting bitcoin mine in Xinjiang
Huchou net
Zan 27
reading 4553
overseas mining rise: batch construction of us factories, On November 1, 2008, a self styled Satoshi Nakamoto published a bitcoin white paper, bitcoin: a peer-to-peer electronic cash system, on the P2P foundation website, stating his new idea of electronic money bitcoin came out
Wang yuexinyi, Professor of mathematics at Kyoto University, was born on January 3, 2009. Bitcoin uses distributed ledger to get rid of the constraints of third-party institutions, which Nakamoto calls "blockchain". Users are willing to dedicate the computing power of CPU and run a special software to be a "digger", which will form a network to maintain the "regional chain". In the process, they also generate new money. Business is also extended on this network. Computers running this software are scrambling to solve the problem of irreversible code, which contains several business data. The first miner to deal with the problem will get a 50 bitcoin reward, and the relevant trading area will join the chain. As the number of "miners" increases, the difficulty of each puzzle also increases, which keeps the proctivity of bitcoin in each trading area at about 10 minutes
in 2009, Nakamoto designed a digital currency, namely bitcoin. The booming bitcoin market has gone up and down, and the identity of its founder "Nakamoto" has always been a mystery. Rumors about "the father of bitcoin" involve from the US National Security Agency to financial experts, and also give bitcoin a mysterious aura
according to foreign media reports, computer scientist Ted Nelson released a video on the Internet on Sunday, saying that he has determined that the founder of bitcoin is Shinichi Mochizuki, a professor of mathematics at Kyoto University. The founders of bitcoin have always used

3.

EOS: EOS can be understood as enterprise operation system, which is a blockchain operating system designed for commercial distributed applications. EOS is a new blockchain architecture introced by EOS software, which aims to realize the performance expansion of distributed applications. Note that it is not a currency like bitcoin and Ethereum, but a token based on the EOS software project, known as blockchain 3.0

The main features of

EOS are as follows:

1. EOS is a bit similar to Microsoft's windows platform. By creating a developer friendly underlying platform of blockchain, it supports multiple applications to run at the same time and provides the underlying template for the development of DAPP

EOS solves the problems of delay and data throughput by means of parallel chain and dpos. EOS can process thousands of data per second, while bitcoin has about 7 transactions per second, and Ethereum has 30-40 transactions per second

There is no service charge for EOS, and the general audience is more extensive. The network and computing resources needed to develop DAPP on EOS are allocated according to the proportion of EOS owned by developers. When you have EOS, it is equivalent to having computer resources. With the development of DAPP, you can lease your EOS to others. From this point alone, EOS has a wide range of value. To put it simply, if you have an EOS, it is equivalent to having a set of rent to collect rent for others, or having a piece of land to rent for others to build a house. Digital currency exchange "currency exchange"

development prospects

through a more in-depth understanding of EOS, EOS is quite valuable for investment. First of all, as the first to launch smart contracts, ETH runs smart contracts on eth, which is not free and depends on your gas. If gas runs out, the contract will stop. According to people who have used eth trading platform, it runs slowly and is very expensive, However, there is no such problem in EOS. The operation contract on EOS depends on the number of EOS you have. The more EOS you have, the more you can rent. With the continuous development, the more expensive the price will be; Secondly, it's very simple to develop DAPP on EOS, and you don't need to write many moles, because EOS itself builds the bottom mole for developers, which provides a platform and greatly reces the threshold of development; Thirdly, as an ordinary investor, owning EOS is equivalent to owning real estate, which can be used to rent and earn money. With the development of DAPP, the number of users increases, and the price increases irresistibly

4.

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

6. Beijing fire coin World Network Technology Co., Ltd.
fire coin network generally refers to Beijing fire coin World Network Technology Co., Ltd.

Beijing digital currency trading company
Beijing fire coin World Network Technology Co., Ltd. is a digital currency trading company, founded by Li Lin in Beijing on May 1, 2013. On April 4, 2014, huoyuan.com won a round of tens of millions of RMB investment from Sequoia Capital, the top venture capital institution on Wall Street. On August 5 of the same year, fire coin acquired bitcoin wallet "fast wallet" and qukuai.com<

Chinese name
Beijing huoyuantianxia Network Technology Co., Ltd.

foreign name
Huobi Technology Co, Ltd.

headquarters location
Liangsheng building, Middle Road, Xierqi, Haidian District, Beijing

business scope
digital currency transaction

founder
Li Lin

total transaction volume
200 billion yuan (as of 2016)

all authoritative information
legal representative
Li Lin

business status
in business


registered capital
100

registration time
December 18, 2013

registered address
the first floor of 29b building, No.11 anningzhuang Road, Haidian District, Beijing The above information is provided by tianyancha

94% of the people have also seen the
China coin exchange
blockchain news platform
reliable and profitable blockchain app
Company Profile
fire coin is committed to building a safe bitcoin trading platform, and the team has many years of financial risk control experience. The core members graated from Tsinghua University, Peking University, Fudan University and other domestic famous universities, and came from domestic Internet and financial enterprises such as Goldman Sachs, Internet, Oracle, Tencent and Alibaba

in April 2015, fire coin set up fire coin blockchain Research Center, and established "digital asset research project" with Internet Finance Laboratory of Wukou School of finance, Tsinghua University (former Graate School of central bank) [1]. In July 2016, together with the Internet Finance Laboratory of Wukou College of Finance and sina science and technology, huobi.com released the 2014-2016 global bitcoin Development Research Report [2]. In the same month, the fire coin blockchain research center and the Mechanical Instry Press published the book "blockchain: defining the new pattern of Finance and economy in the future" [3]<

Proct Introction
flash player: a short-term trading tool tailored for traders. It provides 250 real-time transaction records per second for 20 outlets, 0-delay flash trading, supports split screen display of trading window and quotation window, and allows users to analyze quotation chart

hotcoin app: an app with comprehensive functions in bitcoin instry. A bitcoin trading app providing registration, recharge, trading, cash withdrawal and information integration services. This app has a price reminder function<

organizational structure
Li Lin
founder and chairman

Mr. Li Lin is the founder and chairman of fire coin and the promoter of global digital currency trading. Since the establishment of fire coin, he led the team to develop fire coin into a leading digital currency trading platform in the world. By the end of 2016, the accumulated trading volume was RMB 200 billion. Before the founding of fire coin, Mr. Li Lin worked in Oracle Asia Research Center and served as a R & D Engineer; In 2009, we founded the social proct Youyi based on MSN; In 2010, the second largest independent group buying search company in China was founded. Mr. Li Lin led the team to break the instry records repeatedly, and has rich experience in Internet Finance entrepreneurship and team management<

Du Jun, co-founder and director

Mr. Du Jun is the co-founder and director of fire coin, and a world-famous digital asset investment and manager. Prior to the establishment of fire coin, Mr. Du Jun worked in Kangsheng chuangxiang, a well-known community software company, and successively served as marketing director, operation director and proct manager; After Tencent acquired Kangsheng chuangxiang, it became its core proct Discuz! Proct leader, lead Discuz! Proct design of X series and Application Center. Mr. Du Jun has outstanding performance in marketing, operation, creativity and other fields.

7. Mainstream investment is in BTC, Eth and usdt, and other new currencies and counterfeit currencies emerge one after another. Specific attention can be paid to professional platform.

8. All digital currency virtual currencies are illegal in China, and a large part of them are pyramid schemes fraud organizations. Be careful of pyramid schemes fraudsters
digital currency virtual currencies are illegal in China, even if they are legal in foreign countries, and are not protected by Chinese laws. If the platform collapses, you will lose all your money, and safeguarding your rights is a problem