Which is the best currency to invest in virtual currency
Background: the financial application of blockchain technology brings high investment value
2018 China international big data instry Expo opened in Guiyang City, Guizhou Province on the 26th. At the meeting, it was pointed out that China will vigorously develop the digital economy in the future, deeply implement the action plan for the development of big data and cloud computing, and deeply study blockchain technology and application. Especially in the field of finance, the landing application has become the focus of the scientific and financial circles
1. The value source of blockchain is that it can perfectly solve the pain points of the current financial instry:
in today's asset securitization, insurance, supply chain finance, commodity trading, asset custody and other financial scenarios, e to many participants, high cost of credit evaluation, low settlement efficiency of intermediary institutions and other reasons, Traditional financial service methods are difficult to effectively solve the long-standing core pain points in the instry, such as information asymmetry, complex and rendant processes, and high information verification cost
2. Why can blockchain solve the above pain points:
blockchain technology integrates many basic technologies, such as distributed accounting, tamper proof, built-in contract, etc., and constructs a trust building mechanism with lower cost. The financial application based on blockchain technology can realize the ability of all market participants to obtain all transaction information and asset ownership records in the market without discrimination, and effectively solve the problem of information asymmetry; Smart contract embedding reces the error rate of payment and settlement, simplifies the process and improves efficiency; At the same time, based on transparent information and brand-new trust mechanism, there is no need to spend manpower, material resources and financial resources to confirm information among participants, which will greatly rece the trust cost between institutions, and then rece the price of financial services and transaction costs
3. The application of blockchain technology in the financial field mainly includes the following aspects:
among which bitcoin is the most famous. On the basis of bitcoin, a large number of other types of decentralized digital currencies have been derived. Such as: the heyday of bits
Compared with the traditional payment system, blockchain payment can directly carry out end-to-end payment for both parties without the help of the banking system, which can greatly improve the speed and rece the cost③ digital bills
④ bank credit management: the advantage of blockchain is that it can rely on program algorithm to automatically record credit related information and store it on every computer in the blockchain network, with transparent information, tamper proof and low cost
The major financial institutions and exchanges in Europe and the United States have explored the application research of building the next generation of financial asset trading platform based on blockchain technology4. The development prospect of blockchain. The future development of blockchain technology will have the most vitality with alliance chain as the entry point, and will have a significant effect and far-reaching impact on the transformation of traditional financial instry pain points
in response to the good investment prospects of blockchain, domestic enterprises such as Alibaba, Jingdong and Netcom have entered the market. The application of financial scenarios based on blockchain technology not only brings us security and convenience, but also provides us with broader investment space. The rise and price surge of digital currency represented by bitcoin (bitcoin was about RMB 20 cents when it was first listed in 2009, and its current price is about US $7300!) It's the best proof that people with a keen sense of smell have made a lot of money from it
Abstract: This is an encrypted digital currency based on the bitcoin developed by Nakamoto Tsung, which improves and adds many new functions, such as the double-layer reward system network, also known as the main node network. It also includes anonymous payment to improve the interchangeability (bitage) and real-time payment function docking to realize real-time transaction confirmation without relying on the authority of the center (P2P mall) In 2009, Nakamoto put forward the concept of bitcoin. Since then, bitcoin has spread rapidly in mainstream applications and commercial uses, becoming the first digital currency to attract a large number of users, which is a milestone in the history of digital currency. However, from the perspective of completing the transaction, we can find an important problem, that is, it takes too long for bitcoin block to confirm the transaction. Traditional payment companies have found a solution to enable the buyer and the seller to realize zero confirmation of bitcoin transaction, but this solution usually requires a trusted third party to complete the transaction outside the agreementbitcoin provides pseudonym transaction, realizes the one-to-one transaction relationship between sender and receiver, and can always record the transactions occurred in the whole network. Bitcoin only provides low-level privacy protection, which is well known in academia. Despite this deficiency, many people still believe in the transfer history recorded by blockchain
based on Nakamoto's achievements, bitshengshi is an encrypted digital currency with the purpose of protecting privacy. We have made a series of improvements on the basis of the concept of bitcoin, resulting in a decentralized cryptocurrency with good anonymity. It supports tamper proof real-time transactions, and has a point-to-point sub network that can provide service reward system for bitsheng network
2. Master node network
the whole node is the server running on the P2P network, so that small nodes can use them to accept the dynamic changes from the whole network. These all nodes need significant traffic and other resources that consume a lot of cost. Therefore, it will be observed that the number of these nodes on the bitcoin network presents a steady downward trend over a period of time, so that the block broadcast time needs an additional 40 seconds. In order to solve this problem, many solutions have been put forward, such as the introction of Microsoft Research's new incentive plan and bitnodes incentive plan
Figure 6: Mining reward model
first, what is the most important thing about the team? There is a saying in the investment and financing instry that investment is investment. This is the golden rule. Investment can be used for anything
the project is very important, but it is not the most important. If the people are right, everything is right. So the first thing is to look at the team. The most important thing in the team is the founder
has the founder ever been proved to be successful? Anyone in the grassroots team can pull it, but what have you done before? No matter how much luck he has, he has at least some characteristics of a successful person
it doesn't matter if you look at the right person, even if the investment project turns yellow, because an excellent entrepreneur will keep forging ahead, constantly find new things to play with, and his character is reliable
on the contrary, if this point is not judged accurately, no matter how strong the tuyere is, after all, not everyone can succeed in this tuyere, and even if you succeed, you may not get much profit, because it is very easy to kick you out
so for Xiaosan, the only purpose of judging the team is to believe that he can do it successfully. As for whether the market performance in the later stage is excellent or not, you can't see it just by looking at him and PPT. Unless he is a star with many successful cases in front, then when you invest, the investment value has reached the level compatible with the risk, so you can guarantee that he can do it
Second, look at the community
many people look at the project, who's the platform and whether there are big names. Is this important? It's a little useful, but it's not that useful
it's useful in the early stage, because there are few people watching their platform. Fans will think, "Wow, teacher so and so's platform, it must be a good thing that he really recognizes." Later, I learned that some of them were for the sake of friends' face, and some of them were for the sake of collecting money, so it's not very useful in the back of the platform
what is really important? It's the community! The number of people in the community, the degree of recognition of the community, that is, the stickiness of the community
when you buy a currency, you want it to go up. Why? There are enough buyers to go up. Who will buy it? The fans of big names will not come to buy it. The real reason to raise the price of a currency is from the real community users who really want to have this token to use in the ecology and who are proud of holding more tokens
they have piled up the market value of this community with real money and silver, and also realized group profit. The more people they buy, the more profitable they will be, and even direct financial freedom is possible. So you must see how the community construction of this currency is
therefore, the public chain technology of blockchain project is a threshold, but what is higher than the technical threshold is an excellent enough community
Third, project valuation
the first is benchmarking, which is vertical comparison. This proct is similar to what someone is going to do. Let's check the market value of this proct and how much it is. It's a benchmark to see how many times there is room for growth
the second one is horizontal comparison. You can switch it between bull and bear to see where its valuation ranks and whether it is undervalued< Fourth, whether it is necessary to judge whether a blockchain project has prospects depends on whether the project must be transformed by blockchain
in most cases, we should choose those projects that have real innovation and solve practical problems, but this problem has not been completely solved, and its token has irreplaceable application value in the ecology, not just those projects that replace legal currency and bitcoin
the above four conditions are met: reliable team, enough community members, strong stickiness, low project valuation, large appreciation space, and huge irreplaceable ecological value. Not to mention all in, there is no big problem in long-term holding.
money circle, one day, ten years on earth
the high housing prices destroyed the post-80s and post-90s
and then the world came back. Today's virtual currency
the post-80s also pulled back a round. Whether it is worth buying is not to see whether its current price is high or low
but to see whether it has value in the future and whether it will be useful for everyone's life There must be only a few bitcoins in total.
bitcoin has become a kind of value preservation proct corresponding to gold
decentralized anonymity advantage
bitcoin comparable to gold
moreover, more and more businesses have accepted bitcoin transactions
some institutions have also accepted bitcoin donations, and bitcoin ATM has become a hot topic Put into use
the second is
Ethereum (ETH)
it can be said that it is an evolutionary version of bitcoin
bitcoin is gold, Ethereum is silver
Ethereum's technology can be applied to real world applications
JPMorgan Chase, Microsoft, etc. are all optimistic about Ethereum technology
In my opinion, the most stable return is the twoand the other multifarious currencies have gone up and down sharply. Ordinary people's hearts can't stand
at present, domestic users can buy through this website
transactions
it's not the price rise of the currency but the price rise of the currency through the bar The number of coins is rising
I feel that the domestic ordinary silver coin has great potential. Ordinary silver currency is a kind of standard digital currency, behind which there is credit endorsement of tea assets. The appreciation of bad assets also means the appreciation of digital currency. Ordinary silver is a kind of asset certificate. Puyin can also trade freely in the market.