Xiaofeng blockchain

1. Tianyuan currency editor
Tianyuan currency is a new type of digital currency, which is based on the Internet, stored in the computer system in the form of electronic data, and realizes the circulation and payment function in the form of electronic information transmission through the network system. Its purpose is to explore a new payment currency in the process of social and economic development in the future. It envisages that it will become a universal electronic payment means in the world to compete with bitcoin in the future
the acquisition of Tianyuan currency adopts the mode of issuance and subscription, not the same mining mode as bitcoin, lightcoin and other digital currencies. The total number of Tianyuan coins is 100 billion, and its issuing institution does not belong to the central bank. Instead, it is proced by Chongqing Tianyuan Xianbao Technology Development Co., Ltd. through the mine pool, and then it is issued by stages and the user subscribes to obtain Tianyuan coins<
Chinese name
Tianyuan coin
alias
Tianyuan Xianbao
attribute
digital currency
issue time
September 26, 2014
contents
1 Introction
2 evaluation
3 media reports
4 development prospects

1 Introction editor
definition: Tianyuan coin is a new type of digital currency, which is based on the Internet, A currency that is stored in a computer system in the form of electronic data, and circulates and pays through a network system in the form of electronic information transmission. Its purpose is to explore a new payment currency in the process of social and economic development in the future. It envisages that it will become a universal electronic payment currency competing with bitcoin in the world in the future
acquisition method: Tianyuan currency is acquired in the form of issuance and subscription, not in the same mining mode as bitcoin, lightcoin and other digital currencies. The total number of Tianyuan coins is 100 billion, and its issuing institution does not belong to the central bank. Instead, it is proced by Chongqing Tianyuan Xianbao Technology Development Co., Ltd. through the mine pool, and then it is issued by stages and the user subscribes to obtain Tianyuan coins
issuing method: the trading platform of Tianyuan currency adopts the limited interval trading method to ensure that the value of Tianyuan currency is not controlled by the strong market, and ensure the orderly growth of the value of Tianyuan currency
in the first stage, the subscription price is 0.01 yuan, and the free trading range is [0.01 yuan-0.09 yuan], and the free trading price shall not be lower than 0.01 yuan and higher than 0.1 yuan
in the second stage, the subscription price is 0.1 yuan, and the free trading range is [0.1 yuan-0.99 yuan], and the free trading price shall not be less than 0.1 yuan and not more than 1 yuan
in the third stage, the subscription price is 1 yuan, and the free trading range is between 1 yuan and 4.99 yuan. The free trading price shall not be less than 1 yuan and not more than 5 yuan
in the fourth stage, the subscription price is 5 yuan, and the free trading range is between 5 yuan and 9.99 yuan. The free trading price shall not be less than 5 yuan and not more than 10 yuan
in the fifth stage, the subscription price is 10 yuan, and the free trading range is between 10 yuan and 19.99 yuan. The free trading price shall not be less than 10 yuan and not more than 20 yuan
...
and so on, the price of Tianyuan coin continues to rise with the issue price. After entering the next issue subscription stage, the price of Tianyuan coin will never be lower than the current lowest price
development history:
in September 2014, Tianyuan official trading platform was officially launched and opened to the outside world
in January 2015, Tianyuan global strategic development committee was established<

2 evaluation editor
risk:
since digital currency is still in a blank stage of supervision in China, and there is no specific financial regulation to supervise digital currency suppliers, they operate in a self-regulation way. The digital money supplier is not a bank, so the banking regulations are not applicable. The biggest risk of Tianyuan currency comes from the change of national policy
according to Xinhuanet, on November 5, 2014, an Internet virtual currency seminar was held in Beijing with the theme of "virtual currency development strategy selection under the background of Internet finance". Luo Kaifu, vice chairman of the China Economic Frontier decision making Advisory Center, a Chinese think tank, Yu Jianguo, researcher of the Institute of macroeconomic research of the national development and Reform Commission, Zhang Xu, vice president of the school of Marxism of Renmin University of China, Hu Meijuan, chief editor of Financial World magazine of Xinhua news agency, and other experts and scholars from all walks of life attended the meeting. The experts discussed a series of opportunities, challenges and regulatory risks faced by the government under the current Internet finance background
experts generally said that with the rapid development of Internet technology, the emergence of virtual currency has brought a great impact on the traditional monetary economy, while the public's awareness of virtual currency still stays on High-yield opportunistic investment procts. In the market economy, we should not be one size fits all for the new things such as virtual currency. We should accumulate experience in the development. While strengthening the proper communication between R & D institutions and government departments, we should graally establish corresponding rules and proceres. On the basis of cracking down on illegal transactions using virtual economy system, we should ensure the healthy development of virtual currency system in the future[ 1]
advantages
1 foam less. As the issue of digital currency is vulnerable to price fluctuations, the Tianyuan dollar trading mode is phased out, and its value growth is related to the number of holders. Therefore, the price of Tianyuan coins issued in each issue can meet its real value and will not generate economic bubbles.
2 the risk is small. Because the transaction rules set the lowest transaction price and the highest transaction price for each interval of the transaction, it prevents the price from rising and falling, and also prevents large households from using their own capital strength to smash the market
3 easy to participate. Compared with bitcoin and other digital currencies, e to its high market price and scarcity of total amount, it can only be circulated in the hands of a few people. The entry threshold of Tianyuan coin is low, and the participation of ordinary people is high. Moreover, with permanent repurchase, users are more free to advance and retreat after participation
disadvantages
1 the trading platform is fragile. Tianyuan's trading platform is just a website, which is vulnerable to hacker attacks or national policies
2 is not accepted. As digital currency is a new concept of Internet economy, the concept of ordinary people is still more concerned about the value of paper currency, and they can not fully understand the future development trend of Tianyuan currency. Coupled with the resistance of traditional financial practitioners, it is more difficult to promote Tianyuan currency<

3 media report editor
can virtual coin venture from dark to dawn (group photo) [2]
Tianyuan coin opens up a new way to make money on the Internet [3]
new mode of Internet Finance: Tianyuan wealth reform era has quietly come [4]
will Tianyuan Xianbao be the next Internet miracle after Ali [5]

4 development prospect editor
Beijing time March 2014 In the morning of May 9, Jared Cohen, Google's creative director, said at the Sxsw conference this week that a digital cryptocurrency similar to bitcoin will exist for a long time[ 6]
from December 12 to 14, Sanya International Forum of Finance and economics was held ceremoniously. At this conference, there was an eye-catching sub forum theme, "digital currency: from information network to value network", which also marked that digital currency finally began to enter the mainstream vision
this morning, the keynote speakers of the sub forum included Wu Xiaoling, former vice governor of the central bank, current member of the Standing Committee of the National People's Congress and deputy director of the finance and Economics Commission, Wang Yongli, former vice president of the Bank of China, Xiao Feng, vice chairman of China Wanxiang holding group, Li Lin, founder and CEO of fire coin, and Sha Qian, author of "ownerless currency: China's digital currency Research Report 2014"
Wu Xiaoling, former vice governor of the people's Bank of China, now member of the Standing Committee of the National People's Congress and deputy director of the finance and Economics Commission, expressed his views on digital currency. She said:
"algorithmic currency only solves the credit problem, but if there is no supply regulation mechanism applicable to economic demand, it can not solve the problem of currency fluctuation. It can become a financial proct and financial asset, but it can not become a good currency. However, the coexistence of legal money and private money is the normal state of human society, and digital private money can coexist with legal electronic money. Open source sharing of distributed information technology has created the Internet of information, we can also use this technology to transfer digital currency, low cost and high efficiency to complete the value transfer
when the audience asked whether blockchain technology could replace legal currency, Wu Xiaoling said that a country would not allow legal currency to be replaced by digital currency
Wang Yongli, former vice president of the Bank of China, said that the Internet clearing system based on Internet companies has graally formed, and Ali shuang12 has impacted the traditional clearing system. When talking about the exploration of super sovereign currency, Wang Yongli said that internet currency systems such as bitcoin and reborn currency need to be verified and worthy of discussion. The future trend of currency development may be super sovereign virtual currency
after Xiao Feng, vice chairman of China Wanxiang holding group, discussed the development of digital currency from the perspective of economic and financial theory, as the only entrepreneur of digital currency instry development in the conference, Li Lin, founder and CEO of fire coin, showed relevant data of the instry. At present, the market value of bitcoin is about 30 billion yuan, and there are about 100000 businesses that accept bitcoin, In addition, he said that digital currency and bitcoin technology are still in the early stage of development, and there will be an outbreak period in the next few years. Li Lin also echoed Wu Xiaoling's point of view. He believed that cryptocurrency is a cross era technology, which is worthy of attention and research of traditional financial institutions. It will greatly improve the efficiency of traditional financial institutions
as for the supervision of digital currency, Shaqian thinks that the state should start with tax supervision, but China's new technology cannot be protected and served by the state at present[ 7]

2. What is the most essential difference in economic activities before and after the blockchain comes out
before blockchain, any transaction activity needs an intermediary. Without an intermediary, two strangers can not reach a transaction. Here comes the blockchain, replacing the intermediary with a robot, and using a set of mathematical algorithms to ensure that two strangers complete a transaction
blockchain is a machine of trust, which is its essence
"decentralization" is a result of blockchain. In economic transaction activities, the so-called "decentralisation" is nothing more than these meanings:
first, when we complete a transaction, we no longer need a third party, which is a center
secondly, all the economic activities on the blockchain no longer need the organization and system of "company" to help us complete various transactions
thirdly, when serving for a centralized organization, the centralized organization gives us jobs and wages to encourage us to better serve the cause, but the incentive mechanism on the blockchain is not established by the centralized organization.

3. From now on, the possibility of implementation is relatively small, perhaps because of this

4. One of the three conditions for large-scale implementation of blockchain applications is blockchain 3.0 technology, which can improve the performance, ease of use, operability and scalability of blockchain, and involves new technologies such as side chain, sub chain, cross chain, layering, fragmentation and zoning. According to Xiao Feng's observation, most of these technologies will mature in 2019, and the main network will go online. The launch of these new technologies is the premise of large-scale commercial application of blockchain. So from a technical point of view, after 2019, the large-scale commercial application of blockchain can be expected
the second is that only mature technology is not enough. In order to realize a large number of DAPP and commercial applications on the blockchain, we must be prepared on one hand: that is, the digital currency that can be used as payment tool, exchange medium, value measure and value storage. Xiao Feng said that everyone thinks that bitcoin is a payment system, but the real bitcoin can not meet our demand for payment because its currency value fluctuates too much
for example, he said that a mall sold a bottle of water and accepted bitcoin payment. When he got up the next morning, he found that 20% of the value was gone. So it can't be accepted. After the Japanese parliament made it clear that bitcoin could be used as a payment tool, some Japanese businesses announced that they would accept bitcoin payment. But later found that it caused a lot of trouble for the stability of the company's balance sheet. Your balance sheet is unstable, up or down. This not only affects the value of the things sold, but also affects the credit evaluation of enterprises and the services provided by banks to companies
the third condition is the construction of laws and regulations and supervision system. The digital economy on the blockchain must obtain legal protection and comply with the law. Xiao Feng stressed that there can be no decentralization in this regard
the differences between blockchain and Internet are discussed. He believes that the core difference between the two is that the Internet is a centralized trust mechanism, while the blockchain is a decentralized trust mechanism, and there is no need to trust a third party
the second core difference between the Internet and blockchain is the incentive mechanism, not the digital currency or the ability to issue currency. Economics has been discussing incentive incompatibility. Under the company system and on the Internet, the incompatibility of incentive mechanism has not been solved. However, in the decentralized blockchain, the blockchain achieves complete incentive compatibility. Without shareholders, board of directors and employees, the conflicts of interest between these roles will not happen again.

5. ① What is digital assets
MBA think tank defines "digital assets": digital assets refer to non monetary assets owned or controlled by enterprises, existing in the form of electronic data, held in daily activities for sale or in the process of proction

in our life, direct consumption in Alipay is a common way to use digital assets, that is, the electronic payment system. Besides, we often use network office, Internet stocks, online reading or video broadcasting, which are using digital assets. For enterprises, online coupons or points are the use of digital assets, and some companies also distribute equity in the form of digital assets

2. Why digitalize assets<

as for the allocation of private digital assets, Xiao Feng, vice chairman of Wanxiang holdings and chairman of Tonglian data, said at a financial technology investment summit that in order to get more than expected returns, it means that we must adopt a different way of asset allocation from others. In the future, the most obvious opportunity for alternative asset allocation may be digital assets. In the next 10 years, This new asset class cannot be ignored. For the society, asset digitization is a major trend

the bat empire is soaring in the digital economy of the Internet. In recent years, Didi, meituan, P2P lending and ofo are all inseparable from two key factors: asset circulation and sharing economy. The most convenient way of asset circulation is undoubtedly to digitize assets! The essence of sharing economy is to make the real assets more convenient for resource sharing through intelligent digital way. Through technical means to rece the waste of resources and rece costs

for enterprises, asset digitization is the best solution to rece costs and increase efficiency. If the privacy file is encrypted and saved by technical means, the security will be far greater than that in the entity. And digital assets are also convenient for enterprises to manage. When the era of big asset management comes, asset management needs to face thousands of asset types, involving a large number of calculations, which can not be completed by manpower alone

③ why use blockchain technology to digitize assets

1. Distrust. Through the distributed system of the blockchain, the trust between people is transferred to the trust in the machine, and the machine will not cheat people - it has no feelings and only operates in its own way. This greatly reces the number of central links generated by trust. In some instries, intermediaries can even be removed. Supply and demand trust is entirely based on this magical machine

2. Decentralization. At present, if you want to transfer the equity you hold, you have to go through a lot of proceres and find different departments to do it well. It's a waste of time and money. If blockchain technology is combined with electronic contract, this problem can be solved. Shareholders can trade their shares just like buying and selling T + 0 shares, and they are also protected by law. What about cross chain technology Cross chain: for example, you directly use your shares to buy other people's digital rights, recing the steps of exchanging legal currency.) How convenient that would be

3. Highly transparent. Now the business's biggest fear is information opacity. The application of blockchain technology can solve this problem. As long as the public digital assets are set up, everyone can view them. If necessary, the number of assets held by the owner can even be displayed, and some shady transactions can be avoided

4. Anonymization. We often do "streaking" on the Internet carelessly. Our information is sold at a price in some bad companies. We check all the system records of a person for several hundred yuan. We can receive some sales calls from time to time in our daily life, and most of the fraud calls are successful only after we know your information. In the blockchain, we only display one address for transactions, which can effectively protect our own information and rece the possibility of information being sold publicly

blockchain technology is a "customized" technology for its security, confidentiality, openness and transparency in asset digitization.

6. ① What is digital assets
MBA think tank defines "digital assets": digital assets refer to non monetary assets owned or controlled by enterprises, existing in the form of electronic data, held in daily activities for sale or in the process of proction
in our life, direct consumption in Alipay is a common way to use digital assets, that is, electronic payment system. Besides, we often use network assets, Internet stocks, online reading or audio and video broadcasting. We are using digital assets. For enterprises, online coupons or points are the use of digital assets, and some companies also distribute equity in the form of digital assets

2. Why digitalize assets<

as for the allocation of private digital assets, Xiao Feng, vice chairman of Wanxiang holdings and chairman of Tonglian data, said at a financial technology investment summit that in order to get more than expected returns, it means that we must adopt a different way of asset allocation from others. In the future, the most obvious opportunity for alternative asset allocation may be digital assets. In the next 10 years, This new asset class cannot be ignored. For the society, asset digitization is a major trend

for enterprises, asset digitization is the best solution to rece costs and increase efficiency. If the privacy file is encrypted and saved by technical means, the security will be far greater than that in the entity. And digital assets are also convenient for enterprises to manage. When the era of big asset management comes, asset management needs to face thousands of asset types, involving a large number of calculations, which can not be completed by manpower alone

③ why use blockchain technology to digitize assets

1. Distrust. Through the distributed system of the blockchain, the trust between people is transferred to the trust in the machine, and the machine will not cheat people - it has no feelings and only operates in its own way. This greatly reces the number of central links generated by trust. In some instries, intermediaries can even be removed. Supply and demand trust is entirely based on this magical machine

2. Decentralization. At present, if you want to transfer the equity you hold, you have to go through a lot of proceres and find different departments to do it well. It's a waste of time and money. If blockchain technology is combined with electronic contract, this problem can be solved. Shareholders can trade their shares just like buying and selling T + 0 shares, and they are also protected by law. What about cross chain technology Cross chain: for example, you directly use your shares to buy other people's digital rights, recing the steps of exchanging legal currency.) How convenient that would be
3. Highly transparent. Now the business's biggest fear is information opacity. The application of blockchain technology can solve this problem. As long as the public digital assets are set up, everyone can view them. If necessary, the number of assets held by the owner can even be displayed, and some shady transactions can be avoided
4. Anonymization. We often do "streaking" on the Internet carelessly. Our information is sold at a price in some bad companies. We check all the system records of a person for several hundred yuan. We can receive some sales calls from time to time in our daily life, and most of the fraud calls are successful only after we know your information. In the blockchain, we only display one address for transactions, which can effectively protect our own information and rece the possibility of information being sold publicly
in terms of digital assets, blockchain technology is a "customized" technology with its security, confidentiality, openness and transparency.