Ethereal wave virtual currency

Ethereum energy coin is not MLM

Ethereum is an open source public blockchain platform with smart contract function. Ethereum provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum

in 2013, vitalik buterin, 19, first mentioned the idea of Ethereum in a book entitled "Ethereum white paper: next generation intelligent connection and decentralized application platform". Then, in 2014, the algorithm and protocol of Ethernet coin were officially implemented, and $150 million was raised. The system itself was finally completed on July 30, 2015

as the representative of blockchain 2.0, the mainstream currency Ethernet is regarded as the wind vane of crypto digital currency market. However, over the past week, the price of ether currency has continued to fall. On August 14, 2018, the ethereal currency plummeted by 20%, reaching a record low of $257 this year. Compared with this year's peak of $1295, the price of Ethernet currency has shrunk by more than 80%. Affected by this, on August 15, 2018, none of the top ten mainstream currencies in the digital money market was spared, falling across the board, with a number of single day declines exceeding 10%

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Ethereum started planning almost in 2013, and started to implement the project in 2015. Before that, there were many digital currencies imitating bitcoin in the market, and they made various modifications on the basis of bitcoin code. In this way, it is very difficult to develop a new blockchain application, to re deploy a new chain, and then to develop an application on this chain. Using a consensus mechanism of pow alone is a huge maintenance workload. It's like developing an app on a mobile phone and developing the Android system together

after Ethereum comes out, it is equivalent to the underlying operating system of the blockchain. On Ethereum, it is very convenient to develop various dapps without considering the underlying development, and it can also share the computing power and storage of Ethereum. For programmers, the threshold of blockchain development is lowered instantly. The emergence of Ethereum has played a very important role in the development and popularization of blockchain applications. That's why Ethereum is called blockchain 2.0

They are:

bitcoin

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software was designed and released, and the P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

bitcoin cash

bitcoin cash is a new version of bitcoin with different configurations launched by a small number of bitcoin developers

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virtual currency refers to non real currency. Well known virtual currency, such as network company's network currency, Tencent company's Q currency, Q point, Shanda company's voucher, Sina's Micro currency (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver pattern (used for bixue Qingtian game)

the popular digital currencies in 2013 are bitcoin, Leyte coin, infinite coin, quark coin, zeta coin, BBQ coin, pennies (Internet), invisible gold bar, red coin and prime currency. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"

First of all, we need to understand what is MLM:

MLM refers to the illegal behavior of organizers and development personnel to obtain wealth by calculating and paying remuneration to the developed personnel based on the number or performance of the personnel directly or indirectly developed, or requiring the developed personnel to pay certain fees to obtain the qualification to join. The essence of MLM is "Ponzi scheme", that is to say, the money of later comers is distributed to the income of former comers

then judge whether the ether coin is a kind of MLM, whether you need membership fee, whether you need to ask your relatives and friends to join

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Ethereum is an underlying technology platform on which developers can create distributed applications. With the application, there will be transactions. With a transaction, you need money to complete the transaction. In this way, money has value, and investors' investment has a return. If the transaction volume on the platform is larger and larger, the demand for money will be higher and higher, and the money will be more and more valuable

from the perspective of image, bitcoin creates a kind of digital gold, while Ethereum creates a country, and Ethereum is the credit currency of the country

after bitcoin, there are thousands of digital virtual currencies in the world, many of which are completely deceptive in the guise of "digital currency". Previously, Haikou Municipal Public Security cracked down on a pyramid selling organization called "Eurasian currency", which operated on the internet pyramid selling platform, making more than 40000 investors cheated, involving 4.06 billion yuan. The field of virtual currency has just started, so we need to be cautious

resources : Ethernet money network

Bitcoin is not the only digital currency on the Internet. There are also ripple, stellar, litecoin, Ethereum and other digital currencies. Of course, the most popular is still bitcoin. But many times, some developers, entrepreneurs or enterprises will let us know that we need better digital currency. A programmer named Jed McCaleb, the father of electric donkeys, developed the reborn coin, which should be better than the bitcoin. Later, he launched the star coin, which is better than the reborn coin. What is more gratifying is that he is not fighting alone

now there is a trend that the instry hopes to develop a technology that enables all these online digital currencies to flow to each other, which means that you can transfer money freely in different online digital currency systems in the future. This technology is known as "interleaver protocol (ILP)", initiated by ripote. However, in recent months, that is, after the company released this idea, they also got the support of many famous companies in the instry, including Microsoft and the world wide web. Obviously, Ruibo currency company wants to set the technical standard of digital currency on the Internet. They want to develop a single global network, which can not only unify all digital currencies, but also unify all enterprises and indivials who use these digital currencies

"we want to be on a higher level and extract the differences between various digital currencies," said Stephen Thomas, chief technology officer of ripple. "We are trying to develop a global standard for payment."

with the launch of this agreement, we hope to enable more people to use online digital currency, expand the scope of use of online digital currency, and let us transfer funds more efficiently. This is actually the goal of many existing projects. For example, the original intention of the design of reborn currency and star currency is to allow users to transfer money to these two digital currency accounts in any currency, and to enable these two digital currencies to be converted into other currencies correspondingly. You can send bitcoin, and then the other party gets it. You can also send us dollars, and the other party will get dogecoin. However, for businesses and the developer community, there are restrictions on their use of these ledgers, so there are some problems because you can't transfer money from one payment network to another. Now, however, the interleaver agreement hopes to change that

to some extent, after ten years of efforts, they hope to develop a new network protocol, which is commonly known as "money Internet". If we go back to the early 1990s, we know that the famous Marc Andreessen founded the Netscape web browser. Now, the project hopes to play a similar role. They want to establish a standard way to send funds on the Internet. In fact, the original Hypertext Transfer Protocol (HTTP, which defined the basic standard of the network) contained code for payment. But this code has never been used. In recent years, many companies (such as coinbase, a bitcoin exchange, and stripe, a company that helps enterprises accept various online digital currencies) are at least trying to create a conventional standard for online digital currencies. In the future, we hope to be able to send and receive money online, just like sending short messages or e-mails. However, we still have a long way to go to this paradise, but at least now we are in the right direction

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