Blockchain transaction process
first, define the
blockchain as an open network ledger. It originated from bitcoin and is the underlying technology of bitcoin. In bitcoin transactions, all the information of transaction records will be packaged into a "block" for storage. With the expansion of information exchange, one block links with another, forming a blockchain
Second, the digital currency represented by bitcoin is a point-to-point e-cash system. Among them, every transaction will broadcast to all participants in the network, and it will be recorded in the account book after repeated confirmation, which is called "blockchain". Each participant will have his own account book. In this way, when false information occurs, it can be broken through mutual verification, so as to ensure network securityin the blockchain, every node is equal, and there is no centralized management organization. This "decentralized" feature makes the blockchain do not need to rely on a third party, its operation does not need any human intervention, and it can independently conct self verification. In addition, the network of blockchain is open to the world, and anyone can query data through the public port, so the whole system is highly transparent
In a word, blockchain is a reliable database and a reliable "account book". In the future, it will be applied in cross-border payment, securities, loans, voting, etc. For example, in cross-border payment, with the security of blockchain, you can remit money to the world anytime and anywhere, which saves a lot of intermediate links and high feesblockchain is composed of a series of data blocks generated by cryptographic methods. Each block contains the hash value of the previous block, which is connected to the current block from the original block to form a blockchain.
ICO trading is roughly divided into two parts, one is OTC trading, the other is exchange trading. There are three ways to go to the exchange, the first is to vote on the currency, the second is to invest in the currency, and the third is to cooperate with the project party
for the exchange, the more platform coins consumed by voting, the better; For the project side, the lower the cost, the greater the impact of users, the better; But for ordinary social users, the easier it is, the better
What does the project party need to have
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the cost of project docking with the exchange:
at present, the popular Matcha exchange generally has about 12-15 BTCs,
biki and gate exchange have about 10 BTCs,
ZG exchange has many choices when docking with 6-8 BTCs,
2-5 BTCs, such as Lein, ZBG, fcoin, WBF and so on
Fcoin, which is relatively cost-effective, is also a good choice. Later, the project parties can work together with the platform to do activities, whether it is airdrop, IEO or other can be discussedif you sell 10eth with 1btc, 0.2% eth Commission will be dected, and 9.98eth will be obtained from the sale
if you buy 1btc with 10eth, you will get 0.998btc by decting 0.2% BTC handling charge.
the centralized trading platform covers the whole trading process including account opening, recharge, automatic transfer and transaction withdrawal. That is to say, when we put our digital assets into the address of the trading platform, the trading platform becomes the trustee of our digital assets, and the control of the actual assets is in the hands of the trading platform
different from the centralized trading platform, the decentralized platform does not need to register an account. It only needs to undertake the responsibilities of asset custody, matching transaction and asset clearing, and does not need to provide non trading function, account system, kcy and legal currency exchange functions like the centralized exchange; On the other hand, in the decentralized trading platform, all operations are realized through smart contracts, and this transaction needs to wait for the confirmation of the blockchain before it is successfully completed
based on the above attributes, the decentralized platform avoids the moral hazard of the trading platform and the centralized attack of hackers to a certain extent. However, in this trading mode, the security of assets depends on the users themselves.