What will happen to the witness of Leyte's isolation

1.

Litecoin (LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world< better use of digital currency trading platform coin exchange

data expansion:

lightcoin is inspired by bitcoin (BTC), and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol, and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places

2. Brief introction: a kind of currency based on bitcoin protocol, but it does not require extremely high computing power. It can also be mined by ordinary computer. Lightcoin's algorithm comes from the algorithm designed by Dr colinpercival for tarsnap secure online backup service (backup for Linux and other open source operating systems)< Br > release time: lightcoin was released on October 7, 2011 through the open source client on GitHub< Br > maximum supply: 84 million LTC < br > total circulation: 55152208ltc < br > market value: $8882916638

3.

Bitcoin, English name bitcoin, is a digital currency based on blockchain technology, which is composed of a series of computer-generated complex codes. Like RMB's ￥ and US dollar's $, bitcoin has its own symbol, the "B" in the figure below

The inventor of

bitcoin is Nakamoto. Satoshi Nakamoto is the creator of bitcoin protocol and its related software bitcoin QT. In 2008, he published a paper called "bitcoin: a peer-to-peer electronic cash system", describing an electronic currency and its algorithm that he called "bitcoin"

In 2009, he released the first bitcoin software and officially launched the bitcoin financial system

In 2010, he graally faded out and handed over the project to other members of the bitcoin community

Nakamoto is believed to hold about one million bitcoins. If the price of each bitcoin was $2W, it was worth $20 billion at one time. So far, his true identity is still unknown to the outside world, that is to say, no one knows who Nakamoto is

bitcoin appeared after the global financial crisis in 2008. In fact, before that, many people have tried electronic currency, digital currency and virtual currency, but they have not succeeded. There are not only technical reasons, but also social environment and economic background reasons. To some extent, it was the 2008 financial crisis that gave birth to bitcoin

4. How to operate the isolation witness? In fact, it's not so simple ~
isolation witness is a method of blockchain expansion, which has been successfully implemented on lightcoin and bitcoin
at present, each block in the blockchain not only records the specific information of each transfer transaction, that is, at which time point the account receives or transfers out how many bitcoins, but also contains the digital signature of each transaction, which is used to verify the legitimacy of the transaction. The miner needs to verify each transaction one by one with digital signature when packing the block. After confirming that there is no problem, the transaction will be recorded in the block
however, for ordinary users, they only care about the number of assets in each account, and do not need to verify each transaction one by one. Isolation witness is to take out the digital signature information in the block, so that each block can carry more transactions, so as to achieve the purpose of expansion.

5. Friends who are new to the currency circle are dazzled to see all kinds of digital currencies. What are the origins and characteristics of these cryptocurrencies? Here is a brief introction to some mainstream cryptocurrencies< Bitcoin is the earliest cryptocurrency. In 2008, an Internet geek named Nakamoto Tsung published a paper called bitcoin: a peer-to-peer e-cash system. In 2009, the first creation block was g up by Nakamoto Tsung and has been developing ever since. The original block size of bitcoin was only 1m, and the congestion problem was getting more and more serious. As a result, the block expansion was put on the agenda. The core development group advocated the use of isolation witness and lightning network to realize the expansion, while the big block group advocated the direct expansion of the block. At last, on August 1, 2017, bitcoin cash (BCH) forked from bitcoin (BTC) and expanded its capacity by expanding the block. After this split, bitgold, bitdiamond, super bitcoin, bitgod and many other split coins have sprung up. Later, BCH itself encountered a bifurcation. The Australian CSW, who calls himself Nakamoto Tsung, has to continue to expand the block and lock the underlying protocol of bitcoin. He claims to make a bitcoin that meets Nakamoto Tsung's vision. This time, the bifurcation coin is called BSV

apart from BCH and BSV, most of the other bifurcated currencies have declined. BTC, BCH and BSV represent the exploration of three different directions respectively. BTC is the most conservative and cautious, BSV is the most radical, and BCH is relatively mild and graal. At present, BTC enjoys the name of bitcoin in fact and has the largest market value< br />
< At the end of 2013, vitalik buterin (V God), a gifted programmer born in 1994, published a white paper on Ethereum, proposing the idea of adding various smart contracts to cryptocurrency, which can be used in social networking, trading, games and other fields. The market value of Ethereum has soared all the way, and it will soon be second only to bitcoin, Ethereum with smart contracts is also known as blockchain 2.0

in 2016, Ethereum encountered a serious hacker coin theft incident (DAO), and God V decided to delete the coin theft record by using rollback method. However, some people who insisted that the blockchain should not be tampered with opposed rollback, so Ethereum also split. Unlike bitcoin, the original Ethereum chain has become a minority, known as the Ethereum classic (etc), and the new chain that has been rolled back has become a majority, the de facto Ethereum (ETH)

stable currency system

stable currency is generally anchored legal currency, which can be used to exchange legal currency 1:1 to the issuer. The currency value is relatively stable, but sometimes there will be a small amount of premium in transactions, which is widely used in cryptocurrency transactions. Now the most common stable currency is the usdt issued by tether company, 1 usdt = 1 dollar. Stable currency is generally issued on other cryptocurrency networks, such as bitcoin Omni protocol, Ethereum erc20 protocol, etc< br />


in anonymous currency

on bitcoin, every transaction is clear and searchable, although we don't know who the person behind the address is. Some people think that the privacy of bitcoin is not enough, so some anonymous coins, such as XmR, dash and zcash, which can cover up user information, have emerged. Monroe coin uses ring signature technology, dasey coin adopts mixed coin technology, and big zero coin uses zero knowledge proof, which can play an anonymous effect in different degrees

platform currency system

some digital currency trading platforms often release their own platform currency, and there are certain discounts for trading with platform currency, such as okb of okex, HT of fire currency, BNB of coin security, etc<

some other mainstream currencies

lightcoin (LTC) has copied the code of bitcoin, replaced the consensus algorithm, and shortened the block out time. When bitcoin wants to upgrade, it often does experiments on bitcoin first. Lightcoin is known as "bitcoin, lightsilver"

XRP is currently the third largest currency in market value. It is an Internet transaction protocol, allowing users to transfer money around the world quickly and cheaply

grapefruit coin (EOS), known as blockchain 3.0 and Ethereum upgrade, attempts to introce more functions and application expansion on it

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"bitkangaroo" is the first digital currency financial service platform in the world that allocates theoretical revenue from its own mines and machines without power failure. The platform is mainly based on cloud computing procts, and the theoretical revenue is allocated by "1tash" of Wanyou computing power's professional mine, a strategic partner, on a regular basis every day, integrating high-yield, security, liquidity, transparency and professionalism

High Yield: the platform aims at "increasing users' assets", and customers can choose a variety of derivatives to prevent systemic risks

Security: the team stores the standby digital assets in the cold multi signature wallet, and in case of any accident, the reserve fund will be used to distribute revenue to customers

Liquidity: the platform allocates income every day, and can withdraw as soon as it reaches the minimum currency withdrawal standard

transparency: mine data and mine logs are open and transparent, and users can monitor the actual computing power of the mine at any time through the data center monitoring system

Professional: the mine is operated and managed by professional personnel who have been engaged in deep mining for many years. Each unit is isolated by professional network interruption to prevent virus invasion. Multiple standby networks are used in the computer room to eliminate non systematic risks in an all-round way

6. I am also a victim of this platform
fortunately, I have solved the problem of letting back the principal. How dangerous! I've been cheated by more than 100000 people, and my problem has been solved.

7. Hanging order is the number of orders waiting to be bought and sold behind the five trading prices transmitted from the exchange ring the market trading period. Together with five trading prices, these ten data constitute the most original public data in the whole trading system

8. Isolated witness (usually abbreviated as segwit) is an update of bitcoin software, which aims to solve a series of serious problems faced by bitcoin
segwit is a proposed update to bitcoin core developed by bitcoin's long term team. Bitcoin core is the most popular bitcoin standard client, which is used by most enterprises in the instry.

9. It should be valuable to see the function schele of isolation witness and lightning network

10.

In 2017, digital assets are like sitting on the "Renaissance" and running all the way. In addition to bitcoin (BTC), lightcoin (LTC) and ether coin (ETH) have also been listed in the list of celebrities in the coin circle

among them, the lightcoin rose from 25 yuan at the beginning of the year to 380 yuan, a 15 fold increase, while the ethereal coin rose from 70 yuan to 2800 yuan, a 40 fold increase. It has to be said that bitcoin has become the asset leader of the new generation

the only problem is that the price is rising too fast. And there has never been an investment proct that only goes up but not down in the market

The above is the reason for the price fluctuation of eth

generally speaking, there are risks in currency speculation and investment should be cautious. In addition, before investing in ICO projects, we must do a good background investigation. We must not be blinded by the so-called huge returns. This loss can not be rolled back

finally, I hope investors can invest rationally, and don't let your favorite investment proct become speculative, otherwise it will lose its own value and become worthless. I also hope you remind the investors around you to be rational