Aicoin decentralization
blockchain blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism and cryptocurrency algorithm. Is a shared distributed ledger in which transactions are permanently recorded through additional blocks
2, block - block
in the bitcoin network, data will be permanently recorded in the form of files, which we call blocks. A block is a set of records for some or all of the latest bitcoin transactions and is not recorded by other previous blocks
3. Node -- a of the ledger operated by the participants of the blockchain network
Decentralization is a phenomenon or structure, which can only appear or exist in a system with many nodes or in a group with many indivials. The influence between nodes will form nonlinear causality through the network5. Consensus mechanism
consensus mechanism is to complete the verification and confirmation of the transaction in a very short time through the voting of special nodes; For a transaction, if several nodes with unrelated interests can reach a consensus, we can think that the whole network can also reach a consensus
6. POW -- proof of work refers to how much money you get depends on the amount of work you contribute to mining. The better the performance of the computer, the more money you will be given
In POS mode, your "mining" income is directly proportional to your currency age, and has nothing to do with the computing performance of the computer8. Smart contract
smart contract is a kind of computer protocol which aims to spread, verify or execute the contract in an information way. Smart contracts allow trusted transactions without a third party, which are traceable and irreversible
9, time stamp
time stamp refers to the string or encoding information used to identify the recorded time and date. The international standard is ISO 8601
Turing completion refers to the ability of a machine to perform calculations that any other programmable computer can perform DAPP decentralized application is an open source application that runs automatically, stores its data on the blockchain, motivates it in the form of cryptocurrency token, and operates with protocols showing valuable proof Dao, a decentralized autonomous organization, can be regarded as a company that operates without any human intervention and gives all forms of control to a set of unbreakable business rules13. Privatekey - private key
a private key is a string of data that allows you to access a token in a specific wallet. As cryptocurrency, they are hidden except for the owner of the address
14. Publickey -- public key
is paired with private key. The public key can calculate the address of the currency, so it can be used as a certificate to own the address of the currency
15, miner
try to create a block and add it to the computing device or software on the blockchain. In a blockchain network, when a new effective block is created, the system will automatically give the block creator (miner) a certain number of tokens as a reward
16. The mine pool is a fully automatic mining platform, which enables mining machines to contribute their computing power to mine together to create blocks, obtain block rewards, and distribute profits according to the proportion of computing power contribution (that is, mining machines access the mine pool - provide computing power - obtain income)
17, public chain
fully open blockchain, refers to anyone can read, anyone can send transactions and transactions can be effectively confirmed, people all over the world can participate in system maintenance, anyone can read and write data through transactions or mining
18. Private chain
write permission is only for the blockchain of a certain organization or a specific few objects. Read permission can be open to the outside world or restricted to any extent
19, alliance chain
consensus mechanism is a blockchain jointly controlled by several designated institutions
20, side chain
wedged side chains technology, which will realize the transfer of bitcoin and other digital assets between multiple blockchains, which means that users can access the new cryptocurrency system when they use their existing assets
21, cross chain technology
cross chain technology can be understood as a bridge connecting the blockchains, and its main application is to realize atom transaction, asset conversion, information exchange within the blockchain, or solve Oracle problems among the blockchains
22. The hard fork
blockchain has permanent divergence. After the release of the new consensus rules, some nodes that have not been upgraded cannot verify the blocks proced by the upgraded nodes, and usually the hard fork will occur
23, soft forking
when the new consensus rules are released, nodes that have not been upgraded will proce illegal blocks because they do not know the new consensus rules, which will lead to temporary forking
24, hash -- hash value
generally translated as "hash", but also directly transliterated as "hash". In short, it is a function that compresses messages of any length to a message digest of a fixed length
25, main chain
the word "main chain" comes from the main network (, relative to the test network), that is, the officially online and independent blockchain network
for those who don't know the "jargon" in the currency circle, let's learn it as soon as possible:
1. What is legal currency legal currency is legal tender, which is issued by the state and the government. It is only guaranteed by the government credit, such as RMB, US dollar and so on 2. What is a token token, usually translated into token. Token is one of the important concepts in blockchain. Its more well-known name is "token". However, in the view of professional "chain circle" people, its more accurate translation is "token", which represents a proof of rights and interests on the blockchain, rather than currency token one is digital proof of rights and interests, which must be in the form of digital certificate of rights and interests, representing a right, an inherent and intrinsic value
3. What is warehouse building
the establishment of a position in a currency circle is also called opening a position, which refers to a trader's new purchase or sale of a certain amount of digital currency
What is Sohasuoha refers to investing all the principal
What is airdrop
airdrop is a very popular marketing method of cryptocurrency. In order to let potential investors and cryptocurrency enthusiasts get token related information, token teams often air drop tokens
6. What is lockup position locking generally refers to investors opening a new position opposite to their original position when the market moves in the opposite direction after the sale and purchase contract, which is also called lock, lock order, or even butterfly double flying doughnut candy is a kind of free digital currency issued to users when all kinds of digital currencies are just issued in ICO. It is a kind of momentum and publicity of the project itself by the issuers of virtual currency projects
breaking refers to falling below, and issuing refers to the issuing price of digital currency. Broken currency circle refers to the price of a digital currency falling below the issue price
What is private placementprivate placement is a way to invest in cryptocurrency projects, and it is also the best way for cryptocurrency project founders to raise funds for platform operation
What do you think of the K-line diagram
K-line chart is also called candle chart, Japanese line, yin-yang line, bar line, red and black line, etc., commonly referred to as "K-line". It is based on the opening price, the highest price, the lowest price and the closing price of each analysis cycle
What is hedging
General hedging refers to two transactions which are related to the market, opposite in direction, equal in quantity and balanced in profit and loss. In the futures contract market, buy the same number of positions with different directions. When the direction is determined, close out the positions in the opposite direction and keep the positive direction to make profits
What is the positionposition is a kind of market agreement, which promises the initial position of the sale and purchase contract, and the buyer is long and in the expected position; The selling contract is short and in the expected position
What are the advantagesgood news: refers to the news that the currency gets the attention of the mainstream media, or a breakthrough in the application of a technology, which is concive to stimulating the price rise
14. What is bad news
bad news: news that causes the price of bitcoin to fall, such as technical problems of bitcoin, central bank's crackdown, etc
What is reboundthe phenomenon of currency price rising e to rapid decline in the downward trend. The recovery is less than the decline
What is leverage
leverage trading, as the name suggests, is to use small amount of funds to invest several times the original amount, in order to obtain multiple returns or losses relative to the fluctuations of the investment object
If you know a little bit about technology, you can see "master bitcoin" by Andreas M. antonopoulos, a well-known classic. The author is a famous bitcoin bull, active in overseas social platforms. Other books can selectively read blockchain revolution and so on, but these books seem to have no real feeling, so it's better to start and experience them. We can not rigidly divide the regular software of the currency circle into the following categories:
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digital currency exchange. Don't resist direct contact with exchanges. Digital currencies basically support minimal segmentation. That is to say, you can hold bitcoin for 10 yuan or 100 yuan. The general functions of the exchange include currency trading (digital currency trading, digital currency, usually "stable currency" as intermediate currency), and French currency transactions (buying or selling digital currency directly in French currency), usually in the same sense with OTC or "OTC" in the country, supporting Alipay. Wechat payment, bank card payment and other payment methods) and some high-risk derivatives transactions, including contract transaction and leverage transaction, are not recommended by novices. The operation process is also very simple. Register an exchange account, buy stable currency or other digital currency with RMB, and then trade currency. You can get the price difference by buying low and selling high, which is the basic operation of playing spot. The exchange's choice is nothing more than coin an, fire coin, coin easy, okex and bitfinex
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digital currency wallet. At present, there are a lot of funds calling themselves digital currency wallets in the market, so the risk is very high. So it's better to pay attention to the top wallets with international reputation, and the risk of others stepping on thunder is very high. The purpose of the wallet is very simple, that is to store your digital currency. Because digital currency can only exist in the address of digital currency network, if you don't need to trade digital currency, you can use your wallet to "hoard currency", and then transfer to the exchange account for real-time trading when the currency price rises in the future. Why not store digital currency directly in the exchange? This is because most exchanges adopt centralized management, and your assets will gather in a few wallets of the exchange to meet the demand of capital flow. This kind of wallet with a huge stock has a high risk of being targeted by hackers, so hoarding party will generally choose a personal wallet with a high safety factor to improve the security of their assets
In recent years, blockchain and artificial intelligence have been very popular
first of all, blockchain is to establish a decentralized network. The so-called decentralization means that the network does not belong to you or me
it belongs to everyone
Artificial intelligence is a new technology science that researches and develops the theory, method, technology and application system for simulating, extending and expanding human intelligence. In other words, "machine self-learning"in this way, we can think about the combination of blockchain and artificial intelligence
first of all, we need to understand that blockchain can be divided into three stages
However, in the first three stages, there are some problems, such as the lack of decentralization, low scalability, the mismatching between the incentive of the blocker and the best profit of the whole network, and the network always running at the maximum capacity. Serious waste of resources and rece efficiencyso can we combine artificial intelligence with underlying public chain technology to solve these problems
The answer is yes! And there has been team research and development, and has made a certain progressVelas is a public chain that enhances its consensus algorithm through artificial intelligence (AI) optimized neural network, and carries out self-learning and self optimization. It is committed to improving the security, interoperability and high scalability of the transfer process and intelligent contract. Velas adopts the dpos consensus enhanced by AI, which completely realizes decentralization without recing the security and transaction speed. Not only that, AI chooses who to mortgage the token according to the needs of the blockchain; Velas only blocks when needed; Every 1 second to every 2 minutes; Scalability (up to 30000 TPS); Block procers are selected by artificial intuition
the mainstream digital currencies in the currency circle generally refer to the mainstream digital cryptocurrencies such as bitcoin, Leyte coin and Ethernet coin
coin Ying China focuses on the combination of applied digital currency and crowdfunding. As the asset voucher of crowdfunding projects, digital currency can be traded in the market.
digital coin (DGC) is a kind of currency that has experienced intensive development. It has stable currency value, early launch, stable development and high acceptance. Not as volatile as some cryptocurrencies. This demand for currency stability has been fully considered from the beginning of the design. It makes full optimization to improve the transaction performance, and is one of the fastest transaction methods.