Decentralized smart contract cannot be tampered with
a brief history of etheric Classics (etc)
etheric classics began with an unfortunate event
in May 2016, the decentralized autonomous organization (DAO) held a token sale with the goal of establishing a blockchain based venture capital to fund future decentralized applications (dapps) in the Ethereum ecosystem
basically, Dao is a complex smart contract that operates in a decentralized way - computer code that automatically performs tasks between multiple parties when conditions are met
despite its ambitious goals and successful token sales, Dao's code has a major vulnerability that allows attackers to steal eth from decentralized organizations
the attacker took advantage of this vulnerability in June 2016, triggering the infamous Dao hacking event, and maliciously stole eth worth about US $50 million
there is no doubt that Dao hacking has shocked Ethereum community and made eth price drop from $20 to $13
after the Dao hacking, the Ethereum community has to choose from three options
< UL >do nothing and try to bear the consequences of the attack
start soft bifurcation to recover funds
deploy a hard fork to recover the lost eth
both soft and hard bifurcations are significant network upgrades. However, soft fork allows users who are not upgraded to communicate with upgraded users, while hard fork is not backward compatible with previous versions
as developers realize that deploying soft forks will expose the network to distributed denial of service (DDoS) attacks, Ethereum community decides to initiate hard forks to recover the funds lost in Dao hacking attacks
although this scheme is supported by most people, a small number of people in Ethereum community oppose it. They think that "code is the law" and blockchain network should be unchangeable
the failure of both sides to reach an agreement on the solution eventually led to the fragmentation of Ethereum blockchain
those who tried to recover the lost eth chose the hard fork and opened the Ethereum (ETH) blockchain as we know it today, while another group stayed on the original Ethereum classic (etc) chain
what problems does ethereal classic solve
Ethernet classic (etc) is a blockchain platform that allows developers to deploy smart contracts and dapps
although this function is the same as Ethereum (ETH), etc blockchain has two main differences
first of all, Ethereum classic community opposes tampering with distributed ledger and supports the view that "blockchain network cannot and should not be modified"
secondly, although there is no rigid upper limit on the total supply of eth, it is allowed to create 230 million etc at most by adopting the monetary policy of constant supply
as a bonus item, ethereal classic launched Atlantis hard bifurcation last year to increase the interaction with Ethereum and improve the privacy protection of transactions through ZK snarks
the trading platforms recommended by ethereal classic etc are: Fire coin, okex, AAX, etc strong>
the blockchain will generate a unique fixed length string based on the hash algorithm, and store it in the network distributed ledger maintained by all of us, so as to achieve tamperable ownership records and statements. Here's an explanation: blockchain is mainly the underlying technology, and right is the concept of application layer. For the application layer of right in blockchain, it is not only to confirm rights, but also to protect rights (infringement detection / forensics, etc.) and solidify electronic evidence after discovering infringement, which is equivalent to electronic storage based on blockchain technology.
the smart contract based on blockchain technology can not only give play to the advantages of smart contract in cost efficiency, but also avoid the interference of malicious behavior on the normal execution of the contract. The smart contract is written into the blockchain in digital form, and the characteristics of blockchain technology ensure that the whole process of storage, reading and execution is transparent, traceable and tamperable. At the same time, a set of state machine system is constructed by the consensus algorithm of the blockchain, so that the intelligent contract can run efficiently.
bus line: No.5, the whole journey is about 24.8km
1. Take No.5 from Chengde railway station, pass 45 stations, and reach Guoshan community station (or take No.15)
2. Walk about 710m to Chengde Iron and Steel Group Co., Ltd
you bet with a friend that tomorrow's weather forecast is accurate or not. If you bet 20 yuan, you bet, he bet. Then the next day, the weather is exactly the same as the weather forecast, so he should pay you 20 yuan, but your friend cheat, is not to pay the 20 yuan, the result is you have no way
how to deal with it? In order to ensure that your gambling can be normal, you find a trusted intermediary, and you put each 20 yuan into the intermediary, which is OK
but the next day, the intermediary was in a dilemma, because the weather forecast was cloudy, but there were not many clouds in the sky. At this time, you think this kind of weather is cloudy, while your friends think this kind of weather is not cloudy, and the intermediary is also a person. So there was another problem in judging whether the weather met the conditions of yesterday's weather forecast
after the last quarrel, the intermediary decides that half of the weather is cloudy, and you win the bet. When you are about to give you 40 yuan, you find that you have no money with you, so you have to wait until the next day to give you the money
so you see, traditional contracts are affected by various dimensions, such as automation dimension, subjective and objective dimension, cost dimension, execution time dimension, default penalty dimension, scope of application dimension, etc
smart contract solves these problems to a great extent
you only need to specify the contract content in advance, and the program will automatically execute the contract content when the contract condition is triggered
for example, you stipulate that the contract content is to judge whether the weather is the same as the weather forecast at 12 noon tomorrow. If it is cloudy, more than half of the clouds will be considered cloudy, otherwise it will not be considered cloudy. When the contract is executed at 12 noon the next day, if you win, the money will automatically be paid to your account. Everything is settled
the examples are relatively simple, but you can understand some problems that smart contracts can solve
smart contract and blockchain
"one of the important reasons why the working theory of smart contract has not been realized is the lack of digital systems and technologies that can support programmable contracts. The emergence of blockchain technology solves this problem. It can not only support programmable contracts, but also has the advantages of decentralization, non tampering, transparent and traceable process, so it is naturally suitable for smart contracts. Therefore, it can also be said that smart contract is one of the characteristics of blockchain technology "
excerpt from:" blockchain: from digital currency to credit society "
some friends may ask, young master Jiu, the smart contract you mentioned above is just a code for judging conditions. Now many guarantee websites or systems are the same. For example, the transaction process of Taobao is that the buyer pays into the system, and then the seller delivers the goods. When the buyer receives the goods, the system calls the seller. Isn't that a long time ago
the characteristics of blockchain are as follows:
data can not be deleted or modified, but can only be added, which ensures the traceability of history. At the same time, the cost of doing evil will be very high, because its evil behavior will be forever recorded
decentralized, avoiding the influence of centralized factors
and the payment guarantee system like Taobao mentioned above is still centralized, Whether the contract is just or executed normally also depends on the center. If the center wants to do evil, we still have no way
the smart contract based on blockchain technology can not only give full play to the advantages of smart contract in cost efficiency, but also avoid the interference of malicious behavior on the normal execution of the contract. The smart contract is written into the blockchain in digital form, and the characteristics of blockchain technology ensure that the whole process of storage, reading and execution is transparent, traceable and tamperable. At the same time, a set of state machine system is constructed by the consensus algorithm of the blockchain, so that the intelligent contract can run efficiently.
the suggestion is to redo the system, and then find the guardian God to reinforce the system security for you, so as to completely plug the loopholes.
in addition, find other suspicious processes to avoid viruses having daemons or other hidden processes
start a 100% free on chain game! 100% fair
Plato world, in the name of trust, the coin circle opens the circle revolution< No server, no domain name, no app, no backstage, no customer service, no operator
all programs are built on Ethereum smart contracts and can only participate through formal Ethereum wallets such as imtoken
② funds are safe. All funds are in the contract (non personal address), and no indivial or organization can use the funds without permission. Only when the contract conditions are reached can the proceeds be automatically distributed according to the contract. And all the information on the chain is completely fair, just, open and transparent, and can't be tampered with
③ there is no need to register with mobile phone / email or ID card, as long as there is a decentralized Ethernet wallet address, you can participate in the game, and there is no leakage of any private information, and there is no security risk
④ cash at any time, and the smart contract on the chain is processed, No one, no organization approval required
⑤ never shut down the network, run on the chain, and no background management< (6) business logic is closely linked, dynamic and static distribution is reasonable, large and small reward pools promote, global shareholders are determined by quantitative performance, transparent and profiteering, lasting and stable
how to participate
① with imtoken 2.0, trustwallet, wheat, and other decentralized wallets, you can participate without additional registration< (2) exchange purchases eth or wallet stores eth; (3) exchange eth for tickets (PLT): tickets are 1 / 10 of the amount of money involved in the game<
4 login portal (block browser of major decentralized wallets)
ten highlights of mode innovation
1 Ethereum smart contract, true decentralization
2 fair, open, transparent, tamper proof
3 everyone has the opportunity to participate in enjoying the global performance branch
4 PLT destruction mechanism, with increasing value
5 low threshold investment, With the static exit of xiaoboda
6, the exit account re investment adds infinite circulation
7 eth in and out security, there is no centralized control
8 big prize pool business model, never collapse
9 small prize pool winning amount, everyone has the opportunity
10 Ethernet wallet address registration account, security protection
the era of real blockchain + smart contract has come!
others dig with professional mining machines, which are specially used for mining, and the cost performance is much higher than yours.
even if you dig, the machine will work at full load. If you don't use a good cooling environment, it will aggravate the loss of the machine.
it's better to keep doing something better to make money.
if you don't use a good cooling environment, it will aggravate the loss of the machine If you really want to mine, you can contact me. I think cloud mining is good.
however, you must be prepared for disastrous losses when entering the market. Bitcoin fluctuates too much against RMB and may fall by half at any time.
now bitcoin price is hard to rise again. If you can't bear such risks, don't enter the market.
is there any problem? Please accept