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Ethereum has an upper limit

Publish: 2021-05-19 15:37:39
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

< UL >
  • 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.

    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

    < UL >
  • do nothing and try to bear the consequences of the attack; Or

  • start soft bifurcation to recover funds; Or

  • 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 etc

    hot money, okex, AAX, etc

    3. Due to Ethereum's decentralization, vitalik buterin's decision to roll back transactions must be approved by at least 51% of users. As a result, Ethereum is divided into two groups. One group is Ethereum classic. They insist on the original intention that the blockchain cannot be changed and stay to maintain the original Ethereum. The other is etherum, maintained by the vitalik buterin team. This is the origin of Ethereum classic brought by "Ethereum hard fork". Contributor: bitewang
    4. Etc means electronic toll collection system. I remember that the top limit of etc is 2000 RMB, which is also the top limit of UnionPay for fast payment E-wallet. After all, there is a conflict between the security and convenience of e-payment, so we should consider it in a balanced way. However, this is also a regulation many years ago. I don't know if it has been changed now
    5. There are many exchanges in China, some of which are quite good, such as currency exchange and so on.
    6. If the number of Bluetooth activation times reaches the upper limit, it's better to contact the bank to see if they have any way to deal with it.
    7. There is no upper limit, but it is 98% off in Guangdong.
    8. This is because the activation of etc has failed for many times, resulting in the number of times exceeding the limit. You can call the high-speed customer service and ask them to process it in the background, or see if you can log off and restart it.
    9. If it is a credit card of China Merchants Bank, the amount will be comprehensively assessed according to the information attached to your application and your specific situation at the time of initial audit. Please refer to the audit result for the specific amount. The credit limit (fixed limit) of our bank's credit card starts at ¥ 1000 or equivalent US dollars, and the upper limit is ¥ 50000 or equivalent US dollars. Under normal circumstances, the fixed amount range of general card is ¥ 1000 - ¥ 10000, and that of gold card is ¥ 10000 - ¥ 50000. The amount of platinum card is generally fixed at RMB 50000 plus the temporary amount adjusted for you every month. At that time, you can use the sum of the two parts for consumption. If the card is not divided into Jinpu card, or if there was a gold card before but the cancellation of ordinary card, the limit is between 1000-50000 yuan.
    10. High speed tag can be used last year, but it can't be used now. There are generally two reasons:
    1. Lack of power
    nowadays, OBU is electronic tag. The supplement of battery power generally depends on a solar panel embedded in the shell. Usually, as long as there is light, it can charge the built-in battery of OBU
    if the OBU is placed in a dark place for a long time, e to the self discharge of the battery and the fact that the solar panel can not see light, it can not supply power for the battery, so the battery of the OBU will be fed and cannot be started
    solution:
    put it in a place with sunshine or strong light for a period of time, and try to replenish the power
    2. OBU falling
    after the OBU is installed on the front windshield of the car and activated, once it falls, the OBU will be locked, and "invalid label" will be prompted when the etc card is inserted
    solution:
    go to the etc processing point of the expressway management office and let the staff reactivate it.
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