English composition on virtual currency
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Vicat China has internally confirmed that Vicat is "direct selling", but it has not obtained the domestic license. In the list of 61 direct selling enterprises published by the Ministry of Commerce, the reporter did not find the name of Vicat
bitcoin and other virtual currencies are open source programs, and the parameters and methods of their total amount limit are displayed in the open source code, so as to show the operation mechanism of the currency system openly and transparently. However, Vicat does not disclose its source code, which in itself violates the basic principles of virtual currency. " In addition, bitcoin and other virtual currencies are scattered transactions spontaneously formed in the market, and after the scale is formed, the third party graally establishes an exchange to complete the transaction. The Vicat is issued by itself and traded on its own platform. The so-called cooperation with the bank is nothing. Vicat currency, which has problems in basic properties, has high investment risk, so investors need to be cautious Netease News)
in the coin circle, bitcoin home and many mass media have also exposed the pyramid scheme of Vicat under the guise of bitcoin
economists point out that Vicat is a virtual currency with the nature of multi-level pyramid selling, and its investment risk is extremely high, so participants should be cautious China business website)
encryption current
current
English; kʌ r(ə) nsɪ]
beauty; kɜ rə NSI]
n; Currency
more definitions & gt& gt;
[network phrase]
currency, currency, circulation
soft currency, weak currency, soft currency
domestic currency, domestic currency, domestic currency
What's more, people may not be on the notes
e-money? There is no such concept yet. Is it a virtual currency similar to game currency
the most reliable one is credit card
of course, all credit cards are Bank covers.
lightning network is a kind of chain breaking technology, which uses layer 2 to eliminate the transaction processing capacity of bitcoin
examples of terminology usage
bitfinex plans to implement tether based lightning network (usdt)
detailed description
if lightning network is introced, it is possible to trade outside the crowded blockchain, so as to speed up the transaction speed and rece the cost. If you can speed up transactions and rece costs, you can make small payments, which is expected to create new procts and services
Mining pool is an organized server, which is created to collect the hash value of each miner and cooperate in mining
examples of terminology usage
the rewards earned by the virtual currency exchange binance in the mining pool can be directly traded by binance
detailed description
in the mining business of vital scale, a mechanism for multiple miners to cooperate in mining. The reward is paid according to the contribution of the mining
7. Half lifehalf life refers to the time when the mining reward (= new circulation) of bitcoin and other virtual currencies is reced by half
examples of terminology usage
cryptocurrency bitcoin (BTC) will reach its third half-life on May 12, 2020, and the mining reward will be reced from 12.5 BTC to 6.25 BTC
detailed description
many virtual currencies have "issuance limits" to prevent inflation, and the new issuance will be reced by half every certain interval of half-life. This is also a noteworthy event unique to virtual money, because with the decrease of supply and the rising of price, the scarcity value increases significantly