Mining abbreviation

1.

mining is a nickname for the exploration method of acquiring bitcoin. Because of its working principle is very similar to mining minerals, so named. In addition, bitcoin explorers who do mining work are also known as miners

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 can get a qualified answer about every 10 minutes

then the bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer

extended data:

to be a miner, just "mine" bitcoin and search for 64 bit numbers by computer. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network

if the computer can successfully create a set of numbers, it will get 25 bitcoins. Bitcoin is decentralized. It needs to create a fixed number of bitcoins per unit of computing time. It can get 25 bitcoins every 10 minutes

by 2140, the upper limit of bitcoin in circulation will reach 21 million. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging< br />

2. When it comes to money, mining is indispensable. In ethereum network, if you want to get Ethereum, you also need to mine it. When it comes to mining, there must be a consensus mechanism
do you remember what the consensus mechanism of bitcoin is? The consensus mechanism of bitcoin is pow. To put it simply, the more work you do, the higher the amount of computation you pay, the more likely you will be the first to find the correct hash value, and the more likely you will be rewarded with bitcoin
however, there are some defects in the pow of bitcoin, that is, it is too slow to process transactions, and miners need to constantly collide hash values through calculation, which is costly and inefficient. Friends who are interested in blockchain knowledge should see such a saying:
in order to make up for the deficiency of bitcoin, Ethereum has proposed a new consensus mechanism, called POS (this is the abbreviation of English, which means "proof of equity", also translated into "proof of equity")
POS simply means the same as its literal meaning: equity, equity. The more currency you hold, the more equity you have, the higher your equity
Ethereum's POS means that the more money you hold, the longer you hold it, the less difficult it will be to calculate and the easier it will be to mine
in the initial setting of Ethereum, Ethereum hopes to build a relatively stable system by using POW in the early stage, then graally adopt POW + POS, and finally completely transition to POS. So, it's true that the consensus mechanism of Ethereum is POS, but POS is only a plan or goal at the beginning of Ethereum's release. At present, Ethereum has not yet transitioned to POS, and the consensus mechanism adopted by Ethereum is still pow, that is, the pow of bitcoin, but it is slightly different from the pow of bitcoin
the amount of information here is a bit large,
the first information point is that the consensus mechanism currently adopted by Ethereum is also pow, but it is slightly different from the pow of bitcoin. So, what's the difference between the pow of Ethereum and bitcoin: in short, the mining difficulty of Ethereum can be adjusted, but the mining difficulty of bitcoin can't be adjusted. Just like our college entrance examination, because the teaching situation and the number of students in different provinces are not the same, so the college entrance examination is divided into national papers and provincial independent proposition
Ethereum said that I am in favor of the topic by region. Bitcoin said: No, it must be the same volume in the whole country. The difficulty is the same for everyone
the popular explanation is that bitcoin uses computer computing power to do a lot of hash collisions, enumerate various possibilities to find a correct hash value. The Ethereum system has a special formula to calculate the difficulty of each block. If a block is verified faster than the previous block, Ethereum protocol will increase the difficulty of the block. By adjusting the block difficulty, the time needed to verify the block can be adjusted
according to the Ethereum protocol, the dynamic adjustment method of difficulty is to make the time interval of creating new blocks in the whole network 15 seconds, and the network uses 15 seconds to create blockchain. In this way, because the time is too fast, the synchronization of the system is greatly improved, and it is difficult for malicious participants to launch 51% (that is, more than half) of the computing power to modify historical data in such a short time
the second information point is: in the initial setting of Ethereum, we hope to achieve the transition from POW to
POS through phased upgrade
dating back to 2014, at the beginning of Ethereum's launch, the team announced that the launch of the project would be divided into four stages, namely, Froniter, homestead, metropolis and serenity. In the first three stages, the consensus mechanism adopts pow (workload proof mechanism), and in the fourth stage, it switches to POS (equity proof mechanism)
on July 30, 2015, the first phase "frontier" of Ethereum was officially released. This phase is only suitable for developers. Developers can write smart contracts and decentralized application DAPP on Ethereum network, and miners begin to enter Ethereum network to maintain network security and get Ethereum coins. The leading-edge version is similar to the beta version, proving whether the Ethereum network is reliable or not
on March 14, 2016, Ethereum entered the second stage of "homeland". In this stage, Ethereum provides the wallet function, so that ordinary users can easily experience and use Ethereum. There is no obvious technology improvement in other aspects, but it shows that Ethereum network can run smoothly
in September 2017, Ethereum has reached the third stage of "metropolis"“ "Metropolis" is composed of Byzantine and Constantinople. The goal of this stage is to introce the hybrid chain mode of POW and POS, so as to prepare for the smooth transition from POW to POS. This is the latest popular "Ethereum Constantinople upgrade". In the Constantinople upgrade, Ethereum will make some changes to the underlying protocols and algorithms to lay a good foundation for the implementation of POW and
POS
how much reward will Ethereum get for mining? Miners who win the block creation competition will get the following income:
1. Static reward, 5 ethereums
2. The fuel cost in the block, i.e. gas, we talked about in the last issue
3. As a part of the block, it includes the extra reward of "Uncle block". Uncle is uncle of uncle, and each uncle block can get 1 / 32 of the mining reward as a reward, that is, 5 times 1 / 32, which is equal to 0.15625 ethereums. Here, let's briefly explain the concept of "TERT block". The concept of "TERT block" was proposed by Ethereum. Why should we introce the concept of TERT block? This also starts with bitcoin. In the bitcoin protocol, the longest chain is considered absolutely correct. If a block is not part of the longest chain, it is called a "orphan block". An isolated block is a block, which is also legal, but it may be found later, or the network transmission is slower, and it does not become part of the longest chain. In bitcoin, the solitude is meaningless and will be discarded later, and the miners who find the solitude will not receive mining related rewards
however, Ethereum does not think that isolated blocks are worthless, and Ethereum system will give rewards to miners who find isolated blocks. In Ethereum, isolated blocks are called "Uncle blocks", which can contribute to the security of the main chain. Ethereum's ten second block interval is too fast, which will rece the security. By encouraging the use of tertiary blocks, the main chain can obtain more security guarantees (because the isolated block itself is legal). Moreover, paying the tertiary block can also stimulate the miners to actively mine and actively use tertiary blocks. Therefore, Ethereum thinks that it is valuable.

3. Here's a brief introction to several mainstream digital currencies to give you a rough idea. After that, I will talk about the specific currency from time to time

bitcoin is the originator of digital currency and the most valuable virtual currency. Because blackmail virus only takes bitcoin, it has entered the public view. The soaring price of bitcoin in 2017 has attracted a large number of investors to enter the digital money market. Because the number is small, it is only 21 million, which has a strong deflationary attribute
of course, I am extremely optimistic about the future of bitcoin. Of course, many people are not optimistic about digital currency. Here, it is most pertinent to quote Krugman's view:
"at least for now, buying bitcoin is still a good investment. But that doesn't mean the experiment was successful. The original intention of establishing a monetary system is not to make those who hold money rich, but to make transactions convenient and benefit the whole economy. And none of these bitcoins came to us. "
reborn currency
a protocol currency issued by reborn, which is the base currency of reborn network. It can circulate in the whole reborn network, with a total amount of 100 billion, and graally decreases with the increase of transactions. Reborn currency is the only common currency in ripple system, which is different from other currencies in ripple system, Ripple labs (formerly known as opencoin) is the operating company of ripple coin
unlike bitcoin, reborn is a kind of transaction protocol, which is called smart contract in technical terms. It supports people to pay in any currency, and does not need a central data exchange center, so the transaction confirmation time of ripple is only 35 seconds, while that of bitcoin is 10-40 minutes

Ethereum
Ethereum is the name of currency used in Ethereum, which is used for payment calculation in Ethereum virtual machine. Ethereum is a blockchain that can be used to deploy decentralized applications. It is an open source computer platform and blockchain platform. At the end of 2013, it was founded by vitalik buterin, a Russian programmer
there is a key difference between the blockchain technologies used by Ethereum and bitcoin. Ethereum's data processing speed is faster than that of bitcoin, because once agreed, Ethereum's system will automatically apply to the terms and conditions in the contract
unlike bitcoin, the value of Ethereum depends on whether the applications on the platform of Ethereum are prosperous or not, just like the price of oil will rise with more machines using oil

bitcoin cash
bitcoin cash is a branch of bitcoin. In order to solve the problem of long transaction time of bitcoin, at 20:20 on August 1, 2017, a small number of mining machines began to use 8m block to start mining, and the transaction confirmation speed was thousands of times faster than that of bitcoin using 1m block
strictly speaking, however, there are different opinions on whether this is a new branch of bitcoin or another kind of "counterfeit currency". But now the offer of bitcoin cash is nearly 20000 yuan, so it's not too much to use it as a kind of "Shanzhai coin" to divide bitcoin traffic

IDA coin, ADA in English, is a proct of Cardano project. The total amount of Aida is 4.5 billion yuan, and 3 billion yuan will participate in the subscription. Among them, 2.5 billion ADA will be used for platform subscription, 500 million for the financial support of the development company's operating company, and 1.5 billion ADA coins will continue to be issued in the form of block awards
Cardano is a project started in 2015 to change the way cryptocurrency is designed and developed. This project is aimed at technical reformers, technical improvements to bitcoin and existing platforms. If bitcoin, Ethereum and other projects have many other shortcomings, Cardano can solve them<

lightcoin
a currency based on bitcoin protocol, but it does not require very high computing power, and it can also be mined by ordinary computer. Lightcoin's algorithm comes from the algorithm designed by Dr Colin Percival for tarsnap secure online backup service (backup for Linux and other open source operating systems)
for a long time, there has been a voice that "lightcoin will replace bitcoin", which is impossible. In the future, there will probably be a variety of cryptography currencies in the world, but any kind of counterfeit currency can not replace the mainstream position of bitcoin, no matter how excellent its algorithm is compared with bitcoin<

stellar currency
stellar currency, a digital currency project initiated by Jed McCaleb, the former founder of ripple, is used to build a decentralized gateway between digital currency and legal tender. It will be provided to users in the form of free distribution, and its supply online is 100 billion, of which 95% of the amount of star coin is used for free distribution
star is a diversified team. The board members include Keith rabois, former COO of square, Patrick collison, CEO of stripe, Jackson Palmer, co-founder of dogcoin, and naval Ravikant, co-founder of angellist, who will be the consultant of the project< New economy movement, or NEM, was founded on January 19, 2014. The founder is a mysterious person in bitcointalk.org forum called utopianfuture. The original intention of utopian future was to build a second-generation digital currency NXT. He then realized that NXT's distribution model was unreasonable, so he devoted himself to NEM with egalitarian distribution
as a kind of cryptocurrency, new coin does not need much computing resources to maintain the operation of nodes. The proof of importance (POI) engine of NEM reces the threshold of computing resources to participate in non-traditional blockchain<

dascoin
formerly known as black coin, is a kind of counterfeit currency of bitcoin, which focuses on anonymous function. There are many innovations, such as master node network, fast payment, mixed currency anonymous technology, proposals can vote, and developers have fixed budget support. The core consists of a unique incentive P2P network. Miners are rewarded for maintaining blockchain security; The main node holders are rewarded for verifying transactions, storing data and providing a variety of services
the feature of anonymity meets the needs of some investors for absolute privacy. Although bitcoin is also widely used in money laundering and other illegal transactions e to its anonymity, it is only "pseudo anonymity", and the transaction of bitcoin can still be traced back to the traders themselves.

4. POW: full name of proof of work

What does this mean? That is to say, how much money you get depends on the effective work you contribute to mining. In other words, the better the performance of your computer, the more money you will be allocated. This is to allocate money according to your work certificate. Most virtual currencies, such as bitcoin, Leyte and Ruitai, are based on the pow mode (the higher the computing power and the longer the mining time, the more money you get)

pos: proof of stake

What does that mean? In short, it is a system to pay you interest according to the amount and time of currency you hold. In the POS mode of certificate of equity, there is a term called currency age. Each currency has one currency age every day. For example, if you hold 100 currencies for 30 days, then your currency age is 3000. At this time, if you find a POS block, Your currency age will be cleared to 0. Every time you are cleared 365 coins, you will get interest of 0.05 coins from the block (which can be understood as 5% annual interest rate). In this case, interest = 3000 * 5% / 365 = 0.41 coins, which is very interesting. Holding coins has interest, very good!

5. 1. Digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy

2. Digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
response time: January 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

6. Eco eco money free mining machine is not MLM, this really can not be nonsense, I suggest you call 110 report or help, request the people's police of public security organs to help identify or verify
the investigation conclusions of public security organs are the most authoritative< After the br / > report, the public security organ will investigate after filing a case. If the fraud is indeed known, the public security organ will arrest the suspect and give it legal sanction.

7.

The abbreviation of Australia is AUS

the Commonwealth of Australia is referred to as "Australia". With an area of 7692024 square kilometers and surrounded by the sea, it is the only country in the world with territory covering an entire continent, so it is also called "Australia". Australia, with its unique flora, fauna and natural landscape, is a multicultural immigrant country

the word Australia, originally meaning "the continent of the South", is derived from the Latin terraaustralis. When Europeans discovered this continent in the 17th century, they mistook it for a piece of land leading to the south pole, so they named it "Australia"

Australia is a highly developed capitalist country with Canberra as its capital. As the most developed country in the southern hemisphere, the 12th largest economy in the world and the fourth largest exporter of agricultural procts in the world, it is also the country with the largest export volume of various minerals in the world, so it is called "the country sitting on the harvester"

extended data:

about 70% of the territory of Australia belongs to arid or semi-arid areas, and most of the central region is not suitable for human habitation. There are 11 large deserts in Australia, which account for about 20% of the total area of the continent. Australia is the flattest and driest continent in the world. Lake Eyre in the middle is the lowest point in Australia, with the lake level 16 meters below sea level. Only 260000 square kilometers of land can be used for animal husbandry and farming, mainly distributed in the southeast coastal areas

Australia is a highly developed capitalist country. In 2013, the gross domestic proct (GDP) ranked 12th in the world, with a per capita GDP of US $67742, ranking fifth in the world, ranking first among countries with a population of more than 20 million, far higher than other major English speaking countries such as the United States and the United Kingdom. Australia is well-developed in agriculture and animal husbandry and rich in natural resources. It is known as "a country riding on the back of sheep", "a country sitting on a harvester" and "a country holding ears of wheat"

for a long time, Australia has earned a lot of income by exporting agricultural procts and mineral resources. It is rich in sheep, cattle, wheat and sucrose, and is also an important procer and exporter of mineral resources in the world. Australian resources are the envy of many countries. There is even a phrase in English that specifically describes Australia as "the lucky country"

it means that Australia's climate, history and lifestyle are relatively lucky. People do not need to work too hard. As long as cattle and sheep are allowed to eat grass and mine on the ground, they can enjoy a high standard of living, and they have not been disturbed by the two world wars. Agriculture, animal husbandry and mining are traditional instries in Australia

8. "BTD" of infinite is the abbreviation of before the dawn, which means before the dawn
hope to support us a lot! Infinite!!!!

9. BlackRock Abyss: BRD (BlackRock depth)
razor swamp: WD (RFB)
razor highland: WFD (RFD)
bloody Abbey: SM
zulfalek: ZF
maraden: Mara / 124
Temple: St
death mine: DM / VC
Warsong gorge Valley: WSG
wailing Cave: WC
audaman: uld (Uldaman)
Doom: DM
shadow tooth Castle: SFK
fury Rift Valley: RFC< br />How are you! Can you do a quest for me? Hello, can you do a task for me< br />So you need how much ? So how much do you need< br />OK! its a deal! OK It's a deal Oral English is OK! Do it)
W8 = wait and so on
M8 = mate = friend
BRB = be right back soon
GL = good luck
Hello, would you like to run instance? Ask someone if they want to go to the or not:
No, thanks.im kinda busy now. I'm a little busy now.)
hey there, can I have some food plz? I need 100 stacks.
Hello, are you enchanter? I wanna be enchanted + 15agi on my web. Enchant + 15
LFG DM North / East / West, PST, CyA. Say goodbye to foreigners after typing the
Hello, you can make a port to org plz, ill tip for 30s. You need a portal to org and give it to the other party for 30s
Horde / alliance. Take care. The tribe / alliance is nearby. Be careful.
he killed me again and again. & gt& lt; He killed me several times.
WTB + things want to buy $u001f
WTS + things want to sell
Gratz when someone was promoted. Congratulations
good job.
nice drop, They (object) em. people
CyA. Later. Goodbye
nice / bro / de Man
GN good night
may I join? Can you add me
Nijia: don't rob anything in the next . The name of the robber is
can anyone do the policy chill? Who can enchant ice< Thank you very much. Thank you very much? Do you need him<
lol laughing
noob / newbie swearing is probably the meaning of rookie
kick you. Sock. Shit don't say that
/ spit spit. Ha ha ha, I used to use to bow after killing people now
guy = M8
miner miner is burning all day, We are always called by foreigners)
SRY I'm sorry
UBRS black up lbrs black down school channeling strat stansom
hey man = hi Hello
full run when people are full, group channel calls are common
don't worry

10. Guess what the landlord wants.
the following are just some of the meanings I know

W8 = wait, etc.
M8 = mate = friend
BRB = be right back soon
GL = good luck
LFG DM North / East / West, PST, Thank you for inviting me, CyA, The old foreign name for us)
UBRS black up lbrs black down school channeling strat stansom
GD good El
JK job
NVM never mind
ALT trumpet
Twink battlefield trumpet
GJ good job
lag delay. When a foreigner loses, he often uses this as a reason.
of course, the most common one is hi, CyA.

abbreviated collection of some copies of Warcraft
BlackRock Abyss: BRD (BlackRock depth)
razor swamp: WD (RFB)
razor highland: WFD (RFD)
bloody Abbey: SM
zulfalek: ZF
maladon: Mara / 124
Temple of God: St
death mine: DM / VC
Warsong Canyon: WSG
wailing Cave: WC
audaman: uld (Uldaman)
E Fortune: DM
shadow tooth Castle: SFK
fury Rift Valley: RFC