The origin of blockchain

1. This is where the myth of bitcoin really takes over. According to legend, Satoshi Nakamoto, an unknown person, released an agreement on the digital point-to-point system of decentralized digital currency on October 31, 2008. I urge you to read this short and wonderful paper. While the idea behind bitcoin is revolutionary, it can now begin to make more sense in the context of all other systems, not all of them. Bitcoin proposed blockchain as a synchronous network to solve the probability consensus. According to BFT, from having less than 50% of the total network hash rate of Byzantine rivals Security is achieved in different ways than other historical protocols. Blockchain is designed to support availability rather than consistency, and can support thousands of distributed nodes. The cost of decentralization is much lower throughput in terms of transactions per second (TPS).

2. In the 1980s, a group of talented programmers explored this problem in the password mail group. In 1982, David Chaum proposed an untraceable cryptography network payment system. Eight years later, he extended this idea to cryptology anonymous cash system, namely ecash.
2 in 1998, Wei Dai's paper elaborated an anonymous and distributed e-cash system: B-money. At the same time, Nick Szabo invented bitgold and put forward the workload proof mechanism. Users solve mathematical problems competitively, and then publish the results in series with encryption algorithm to build a property rights authentication system. Hal Finney improved the mechanism as a "reusable workload proof"
3 on the basis of previous work, in 2008, the little-known "Nakamoto Tsung" published "bitcoin: a peer-to-peer cash payment system" in the cryptography mailing list of metzdowd.com. On January 3, 2009, bitcoin network was born, and Nakamoto himself released the first version of open source bitcoin client
since then, the monetary history of mankind has opened a new page.

3. The underlying technology is the blockchain technology, and the rest doesn't matter

4.

The origin of Wall Street in the United States is that the Dutch built a section of wooden wall, which was later demolished and became Wall Street

at first, New York was a Dutch colony, a settlement of Dutch immigrants, which was called New Amsterdam at that time

In 1640, small plots of land in the New Amsterdam colony were separated by pickets and fences. In order to effectively control the slaves from Africa, Peter steiversant, a representative of the Dutch West India Company, led the immigrant groups from the Netherlands to build stronger fences. The fence was strengthened into a 3.65-meter (12 foot) high wall of mud and wood

Since then, in order to resist the Indian tribes, the New England colonists and the British, the wooden wall has been graally expanded and strengthened. In 1664, New Amsterdam was captured by the British, and the city was transferred from the Dutch to the British. In 1685, surveyors marked a road along the original fence, wall street

In 1699, the British demolished the wall. The name of Wall Street has been preserved

{rrrrrrr}

extended materials

the cultural influence of Wall Street

1, essence

compared with commercial street, Wall Street usually refers to the companies whose commercial influence is greater than that of small and medium-sized enterprises and middle class, and sometimes it is especially used to represent analysts, shareholders, and financial institutions such as investment banks. Wall Street is generally regarded as the pronoun of "American enterprises" which are private and attach importance to their own interests. Sometimes Wall Street distinguishes investment banks and fortune 500 companies from small businesses in terms of influence, culture and lifestyle

2. Views

Wall Street is more representative of financial and economic forces than anything else. For Americans, sometimes Wall Street is equivalent to elitism, power politics and cut throat capitalism, but at the same time, Wall Street also arouses Americans' pride in market economy. In the eyes of Americans, Wall Street is a symbol of a country and economic system that grew up relying on trade, capitalism and innovation, rather than colonialism and plunder

3. Literature

Herman Melville's short story Bartleby the clerk, whose subtitle is a story of Wall Street, has an excellent description of a kind and rich lawyer

In William Faulkner's voice and anger, Jason Compson blames Jews for the poor performance of his stocks, highlighting the public's view of Wall Street

5.

Wall Street is a transliteration of "Wall Street"

the childhood of Wall Street is from 1949 to the end of the 19th century. The rapid development of New York and the rise of financial instry in New York have a lot to do with the Dutch business spirit. Although the early sprouting of capitalism began in Renaissance Italy, the real capitalism was graally perfected in Holland in the middle of the 17th century

at that time, the Netherlands formed a very complete financial system, including banks, stock exchanges, credit, insurance, limited liability companies, etc. the development of the financial system gave birth to the Dutch economic take-off, making this small European country once one of the most powerful countries in the world. When the Dutch immigrated to North America, they brought the business spirit of capitalism to New Amsterdam

{rrrrrrr}

extended data:

the influence of Wall Street

compared with commercial street, Wall Street usually refers to the companies whose commercial influence is greater than that of small and medium-sized enterprises and the middle class. Sometimes it is especially used to represent analysts, shareholders, and financial institutions such as investment banks

On the other hand, Wall Street is generally regarded as a synonym for private and self-interest "American enterprises". Sometimes Wall Street distinguishes investment banks and fortune 500 companies from small businesses in terms of influence, culture and lifestyle

Wall Street is more representative of financial and economic forces than anything else. For Americans, sometimes Wall Street is equivalent to elitism, power politics and cut throat capitalism, but at the same time, Wall Street also arouses Americans' pride in market economy

in the eyes of Americans, Wall Street is a symbol of a country and economic system that grew up relying on trade, capitalism and innovation rather than colonialism and plunder

6. The main technical members of their team are senior people in the Internet, financial and economic instries, who have in-depth understanding of Internet Finance and blockchain.

7. How to issue
token with the Singapore foundation for blockchain registration? Do you use the offshore company to control the Singapore entity or the Singapore entity to control the offshore company
1. The main role of offshore companies in token issuing structure: privacy protection and tax planning; The comparison of the two different holding structures is as follows:
structure 1: Singapore non-profit CLG holding offshore company

structure 2: offshore company holding Singapore PDE Ltd

in structure 2, using offshore main body to hold Singapore private limited company, there is a high risk of being refused to open an account in Singapore Corporate Bank
topic 3: after the issuance of token, How to deal with the problem of capital liquidity? How to deal with accounting and auditing
although Singapore's banks are still in a highly sensitive state in opening bank accounts for digital currency related businesses e to their inability to handle the fixed source of funds, KYC / AML barriers, and MAS's support and encouragement for financial innovation, Singapore is still the most friendly international financial center for digital currency instry among the coastal countries. The main problems of token change in banks are all caused by the unknown large amount of funds recorded in accounts
in the later operation of token issuance, four problems need to be treated carefully
1) the choice of the country where the operator is located: the company tax of the country, the friendliness to digital currency and the policy trend should be considered
2) to open a public bank account, the operator should obtain professional account opening guidance to avoid rejection
3) compliance operation in the process of token realization: it needs a compliant trading partner without regulatory risks to conct transactions, so as to avoid the bank account being closed
4) daily financial and tax work of operation entities: timely obtain professional service guidance, and strictly carry out daily accounting and tax audit report work