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Star mining technology Ethereum blockchain breakthrough

Publish: 2021-05-14 12:11:53
1.

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

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  • 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

    2.

    Shenzhen Qianhai Ethereum blockchain Technology Co., Ltd. is a limited liability company incorporated in Shenzhen, Guangdong Province on June 19, 2018, with its registered address at Room 201, building a, No. 1, Qianwan 1st Road, Shenzhen Hong Kong cooperation zone, Qianhai, Shenzhen (settled in Shenzhen Qianhai business secretary Co., Ltd.)

    the unified social credit code / registration number of Shenzhen Qianhai Ethereum blockchain Technology Co., Ltd. is 91440300ma5f6ge058, and the enterprise legal person is Fang Jiawen. At present, the enterprise is in business

    Shenzhen Qianhai Ethereum blockchain Technology Co., Ltd., within the province, the current registered capital of the enterprise is general

    view more information of Shenzhen Qianhai Ethereum blockchain Technology Co., Ltd. through network enterprise credit

    3. Ethereum blockchain has exposed three major problems, and its founder vitalik buterin has been unable to interpret them for a long time. The first is the low performance and TPS of Ethereum blockchain as a whole; The second is that resources are not isolated. The event of cryptokitties virtual cat once occupied 20% of the traffic of the whole Ethereum, which directly caused Ethereum network users unable to carry out timely transactions, which is the biggest pain point of resources not isolated; The third problem lies in the embodiment of Ethereum's governance structure. As a decentralized distributed ledger, the founder team of Ethereum has dominated its network development in the past. The over centralized governance mode has led to the bifurcation of eth, etc and ETF in Ethereum, and the Ethereum community is now in a state of fragmented governance. In the view of Ma Haobo, founder and CEO of "aelf", all kinds of disadvantages of Ethereum are unacceptable. Therefore, the positioning of "aelf" is born for the next generation of decentralized underlying computing platform of Ethereum, which focuses on solving the problems of insufficient performance, non isolation of resources and governance structure of Ethereum.
    4. Based on the current consensus of the instry, there are two milestone practices in the development of blockchain. One is bitcoin, which is called the first generation blockchain, and the other is Ethereum, which is called the second generation blockchain. The key breakthrough lies in the realization of smart contract. Blockchain is still in the early stage of development. Now, blockchain policies in various regions are released in competition, and blockchain applications in various regions are constantly landing, Changsha high tech Zone has officially launched a blockchain project, which is called SMIC blockchain service platform. It is a government enterprise service platform. It cooperates with Bank of Changsha, Dean justice, etc., and now it is the stage of collecting enterprises on the chain.
    5. Ethereum is a low-level system that can realize intelligent contract and open source on the blockchain. At present, the biggest development problem of Ethereum is that all applications use the main chain, which leads to the main chain not being separated and blocking seriously. The mission of aelf (ELF) is to solve it,? LF emphasizes the pure decentralized network, the side chain and the main chain can flow, and the asset side chain is connected to the main chain. It focuses on the "n-side", because it turns the planar blockchain structure into a three-dimensional multi-dimensional structure. It can divert the block trading volume to the greatest extent. Therefore, problems like "blocking" or even "paralyzing" existing in Ethereum will not appear on aelf. This is also the reason why elf token will double in two weeks, indicating the development direction of the next regional chain technology.
    6. Hello, you're right. Bitcoin is popular, so many of them are bitcoin miners. Compared with Ethereum miner, it's really less
    7.

    In our lives, we create an unprecedented amount of data. From social media to digital footprint, we use services such as Netflix, Fitbit or networked systems. Every second, 900000 people click on Facebook, 452000 log on to twitter, and 3.5 million use Google search

    this happens so fast that the amount of data now doubles every two years, and this growth (and the opportunities it provides) is what we call big data

    the absolute value of this data means that an instry and an enthusiastic, non-commercial driven community develop around big data. Just a few years ago, however, only large companies had the resources and expertise to take advantage of this scale of data. The shift to a "service" platform has reced the need to spend heavily on infrastructure. The explosion of data makes many other trends possible today, and learning how to use it will increase the prospects of anyone in any field

    8. Ethereum, the world's second largest cryptocurrency, once broke through $3400

    Ethereum, the world's second largest cryptocurrency, broke through $3000 for the first time on Monday, and rose further on Tuesday, once breaking through $3400, reaching a new high. Its market value once reached US $395.2 billion, ranking 18th in the global asset market value, surpassing MasterCard and NVIDIA and approaching Wal Mart. Traders attribute the rise of bitcoin to the rise of bitcoin at the end of 2020, and the upgrade of blockchain Ethernet makes bitcoin more useful. So far this year, Ethereum has grown by about 365%

    bitcoin network is actually a distributed database, and Ethernet goes a step further. It can be seen as a distributed computer: the blockchain is the ROM of the computer, the contract is the program, and the miner of Ethernet is responsible for the calculation and plays the role of CPU. Of course, this computer is not and can not be used for free, otherwise anyone can store all kinds of junk information and carry out all kinds of trivial calculations

    OK, that's what we're going to share in this issue

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