Automatic division of virtual currency
The real virtual currency must first have open source code, decentralization, and constant distribution
if the initial mining scale of this coin is large, it can be split
In fact, it mainly depends on whether it can circulate, that is, it is recognized by peoplevirtual 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 materials:
real risk
as the proct of e-commerce, virtual currency has begun to play an increasingly important role, and more and more 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
virtual currency doesn't need to be split, and it can't be split at will. So far, no split virtual currency can exist for long. The quantity of real virtual currency is fixed, which is calculated by computer through complex algorithm, which can also be said to be mining. For example, bitcoin, Ruitai coin and Qianjin card, the only difference is the promotion mode.
matchmaking transaction refers to the transaction mode in which the seller entrusts the sales order / sales order in the trading market and the buyer entrusts the purchase order / purchase order in the trading market, the trading market determines the transaction price of both parties according to the principle of price priority and time priority, generates the electronic transaction contract, and makes physical delivery according to the delivery warehouse specified in the transaction order
bitcoin, Ruitai coin, Laite coin, Qianjin card and other related trading platforms mostly use this method.
new transactions need to be included in a block with mathematical workload proof before they can be confirmed. This kind of proof is hard to generate because it can only be generated by trying billions of calculations per second. Miners need to run these calculations before their blocks are accepted and rewarded. As more people start mining, the difficulty of finding effective blocks will be automatically increased by the network to ensure that the average time to find a block remains at 10 minutes. Therefore, the competition for mining is very fierce, and no indivial miner can control the content contained in the block chain
workload proof is also designed to rely on previous blocks, which forces the time sequence of block chain. This design makes it extremely difficult to cancel previous transactions, because the workload proof of all subsequent blocks needs to be recalculated. When two blocks are found at the same time, the miner will process the first block received, and once the next block is found, it will be transferred to the longest block chain. This ensures that the mining process maintains a global consistency based on processing capacity
bitcoin miners can neither increase their rewards by cheating, nor deal with the fraulent transactions that destroy the bitcoin network, because all bitcoin nodes will reject the blocks containing invalid data that violate the bitcoin protocol rules. Therefore, even if not all bitcoin miners can be trusted, the bitcoin network is still secure.
it's better not to touch the split order, mutual aid order and subscription order. They may run away at any time, and there is a very big investment risk. If you don't understand digital currency, don't play it. If you are interested, play bitcoin, Ruitai coin and Ethereum, which have a certain market depth.
