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What currency does Ethereum fork out

Publish: 2021-05-18 02:06:02
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.

    The capacity of a block in bitcoin is 1m (megabytes). A transaction is between 250 and 500 bytes

    according to this algorithm, a block contains about 4194.3 transactions

    the confirmation time of a block in bitcoin is 10 minutes, so the seven transactions that a block can process per second may sometimes be less than seven

    What are the consequences

    The bifurcations of

    bitcoin are divided into hard bifurcations and soft bifurcations

    hard fork means that when the block format or transaction format of bitcoin changes, the UN upgraded nodes refuse to verify the blocks proced by the upgraded nodes

    the upgraded nodes can verify the blocks proced by the non upgraded nodes, and they continue the chain they think is correct, so they are divided into two chains

    What is soft bifurcation

    soft bifurcation means that when the data structure of bitcoin transaction changes,

    UN upgraded nodes can verify the blocks proced by upgraded nodes,

    and upgraded nodes can also verify the blocks proced by UN upgraded nodes

    3. After the hard bifurcation of etc, ETH came into being. The relationship between the three currencies is just like that between yen, won and US dollar
    4. Ethereum can be said to be a very successful currency in technology. In a short period of time, it has formed a trend of convergence. No matter in the technical level or in the market level, it has received global support, and the applications developed around it are emerging in an endless stream. At present, its price has been hovering at 3000 yuan for nearly half a month. I believe that with the progress of the bifurcation, its price is likely to exceed 4000 yuan by the end of the year. As the second largest market value of blockchain projects and bitcoin projects, its value is obviously likely to rise

    Ethereum uses fog computing. The data processing and applications of fog computing are concentrated in the devices at the edge of the network, rather than almost all stored in the cloud, which is an extension concept of cloud computing, which is more in line with the spirit of decentralization of blockchain. If all the storage and operations still stay on the centralized server, then it will not be a real blockchain
    recently, the hot "ethereal cat" on Ethereum network has led to the congestion of Ethereum network. The problem is that the TPS concurrency per second of Ethereum is too low. The emergence of ethereumfog with fog computing will break the embarrassing situation of Ethereum network congestion, and add powerful decentralized storage and additional computing power to the chain.
    5. Ethereum fog, or ETF for short, is a branch chain of Ethereum, which is designed to solve the problem of distributed storage and distributed computing power that Ethereum lacks. In the later stage, it will switch to the hybrid mining of pow + POS. The original coin is ETF

  • after Ethereum bifurcates into etheric fog, the two will exist and develop together< br />

  • 6. This number is not fixed, because the price of bitcoin is constantly changing. The highest price of bitcoin is more than $19000. At present, the price of bitcoin is around $4000. You can log in to the bitcoin exchange to view the bitcoin market in real time.
    7. SMCC
    calculate a
    official account virtual currency 168
    detailed explanation
    8. If you want to play the game well, you have to have a way to make money. Each player has his own way to make money. For example, some players of "happy love" will become rich through running business, but how to operate it<

    buy at a low price and sell at a high price
    it's very easy to get the business running task. There is no qualification requirement. As long as there is a gang, you can get it from the sect master. After receiving the task, a silver note will appear in your backpack, which is the principal of your business! How to do a good job in business is the next thing you need to consider. It's worth noting that at this time you will enter a state of being unable to transmit, and everything will be done step by step with your legs
    here's a reminder to all players: at this time, your name has become "XX Gang businessman". This is to tell you that you are doing business for the gang, and no one is allowed to disturb you. However, be careful. Some young swordsmen with bandit temper like to rob businessmen. Although they will lose their popularity, their gangs will increase the money of the corresponding banknotes and commodities. This is a business that can make no loss. So don't expect other young Xia to give up robbing you for fear of popularity. In the process of running a business, you must take good weapons and be ready to accept challenges at any time. Only with strong strength and courage can you defend the glory of the gang
    selective buying and selling
    there are four kinds of goods for us to buy from the specialty merchants in Chang'an city. The purchase price and selling price of each kind of goods are different. In order to save time and complete the business as quickly as possible, players should use their brains here to selectively purchase several kinds of goods according to the income and earn the maximum price difference
    the next step is to run back and forth between several maps with specialty goods suppliers. The purchase prices of different goods vary in different locations. At present, there are two main business routes, one is from Chang'an city to Taohuawu and then to Loulan, the other is from Chang'an city to Kunlun mountain to Wangxian town. Find out your favorite business route and make the most profit for the gang
    it's hard to run a business, but the target amount is not enough. Remember to go back to the gang and hand over the task to the master before it's really over. You will be rewarded with money, experience and tribute when you finish running business. You also have the chance to get all kinds of treasures in the gang warehouse!
    9. 1、 It's not always held by Mr. Buffett. What he always held was held by a holding company because he was afraid of losing control.
    2. Mr. Buffett went from a 100000 dollar private placement supported by relatives and friends to a large financial group integrating banking and insurance. He is not so much an investor as a financial entrepreneur.
    3 The second point is that China can't get Warren Buffett's investment performance, and it can't get Warren Buffett's financial management wisdom. There are policy reasons as well as personal reasons.
    4. The name of Warren Buffett's company is Berkshire Hathaway. The stock price of his company is about 200000 US dollars per share. You can check it on your own network or financial website
    10. It's got to be in the expeditionary mission, but it needs the protagonist to be above level 35 to do the expeditionary mission.
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