Cost of issuing new currency with Ethereum
bitcoin network is actually a set of distributed database, while Ethereum can be further seen as a distributed computer: the blockchain is the ROM of the computer, the contract is the program, and the miners of Ethereum are responsible for the calculation and play the role of CPU. This computer is not and can't be used for free, otherwise anyone can store all kinds of junk information and perform all kinds of trivial calculations in it. To use it, you need to pay at least the calculation fee and storage fee, as well as other expenses
the most famous enterprise Ethereum alliance was established in early 2017 by more than 20 top financial institutions and technology companies in the world, including JPMorgan Chase, Chicago Board of exchange group, Bank of New York Mellon, Thomson Reuters, Microsoft, Intel and Accenture. And Ethereum's cryptocurrency, Ethereum, has recently become a popular asset after bitcoin
First of all, we need to understand what is MLM:
MLM refers to the illegal behavior of organizers and development personnel to obtain wealth by calculating and paying remuneration to the developed personnel based on the number or performance of the personnel directly or indirectly developed, or requiring the developed personnel to pay certain fees to obtain the qualification to join. The essence of MLM is "Ponzi scheme", that is to say, the money of later comers is distributed to the income of former comers
However, the new type of MLM does not restrict personal freedom, does not accept ID cards and mobile phones, and does not take classes collectively. Instead, it uses capital operation as a banner to pull people to cheat money, drives luxury cars, wears gold and silver, and uses money to attract your relatives and friends to join in, and finally makes you lose all your moneythen judge whether the ether coin is a kind of MLM, whether you need membership fee, whether you need to ask your relatives and friends to join
extended materials:
Ethereum is an underlying technology platform on which developers can create distributed applications. With the application, there will be transactions. With a transaction, you need money to complete the transaction. In this way, money has value, and investors' investment has a return. If the transaction volume on the platform is larger and larger, the demand for money will be higher and higher, and the money will be more and more valuable
from the perspective of image, bitcoin creates a kind of digital gold, while Ethereum creates a country, and Ethereum is the credit currency of the country
after bitcoin, there are thousands of digital virtual currencies in the world, many of which are completely deceptive in the guise of "digital currency". Previously, Haikou Municipal Public Security cracked down on a pyramid selling organization called "Eurasian currency", which operated on the internet pyramid selling platform, making more than 40000 investors cheated, involving 4.06 billion yuan. The field of virtual currency has just started, so we need to be cautious
resources : Ethernet money network
About 1625 RMB
The system ofEthernet coin is the most widely used public blockchain system supporting complete application development
compared with bitcoin, Ethereum belongs to the category of blockchain 2.0, which is a new blockchain system designed to solve some problems of bitcoin network
the design of bitcoin is only suitable for the scenario of encrypted digital currency, it does not have Turing completeness, and it lacks the concept of saving the real-time status of the account, and it also has the problems of efficiency and resource waste caused by POW mechanism
The blockchain network ofbitcoin has the defect of insufficient scalability. As bitcoin attracts more and more attention of developers and technicians, some users try to use bitcoin network for other digital currencies or other applications
However, with the development of Internet, it is difficult to develop blockchain applications independently. Users need to master a lot of software and hardware development capabilities and encryption algorithms, which makes the application of blockchain not so easy for some users