Ethereum synchronization protocol
mainstream digital currencies such as bitcoin, Puyin, Laite, Ethereum and dogcoin all exist in wallets, and wallets existed before the release of such currencies.
Ethereum is an open source public blockchain platform with smart contract function. It provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency ether (also known as "Ethereum")
The token on theblockchain is called ether, and the code is eth. It can be traded in many foreign exchange markets of cryptocurrency, and it is also the medium used to pay transaction fees and computing services on Ethereum
the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, with the general meaning of "next generation cryptocurrency and decentralized application platform", and began to develop through ICO crowdfunding in 2014. As of February 2018, Ethernet is the second highest cryptocurrency in market value, second only to bitcoin
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Ethereum platform has no characteristics and value. Like programming languages, it's up to entrepreneurs and developers to decide what to use. However, it is clear that some application types benefit more from the functions of Ethereum than others. Ethereum is especially suitable for those applications that automatically interact directly between points or promote group coordination activities across networks
for example, coordinate the application of point-to-point market, or the automation of complex financial contracts. Bitcoin enables indivials to exchange money without the help of financial institutions, banks or governments. The impact of Ethereum may be more profound
in theory, any complex financial activities or transactions can be automatically and reliably carried out on Ethereum with coding. In addition to financial applications, any application scenario with high requirements for trust, security and persistence, such as asset registration, voting, management and Internet of things, will be affected by Ethereum platform on a large scale
Ethereum is an open source public blockchain platform with smart contract function, which provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum. The concept of Ethereum was first inspired by bitcoin by vitalik buterin, a programmer, between 2013 and 2014, and now it's 2.0. Ethereum 2.0 is also something that the whole coin circle is waiting for. In order to celebrate the birth of the genesis block of eth2.0 on December 1, chinacoin officially supports the exchange of eth2.0 verification nodes at 17:00 Hong Kong time on November 20, 2020. It will invest its own eth in the verification node mining and exchange qeth to obtain liquidity. It will participate in the mining as soon as the exchange is received. Now it will give back to the user's welfare. The top 1000 eth enjoy the over exchange of qeth according to the ratio of 1:1.02. Compared with eth2.0, qeth has too many advantages: liquidity is guaranteed, users do not need to bear the technical cost, the threshold of participation does not need 32 eth, as low as 0.1eth, nodes are maintained by the platform, and the revenue is distributed according to eth2.0< br /> < br /> < br />
what is Ethereum
Ethereum is often compared with bitcoin, but the situation is different. Bitcoin is a kind of cryptocurrency and distributed payment network, which allows bitcoin to be transferred between users
related: what is bitcoin? How does it work
Ethereum has a bigger goal. As Ethereum says, "Ethereum is a distributed platform running smart contracts.". These smart contracts run on "Ethereum virtual machine", a distributed computing network composed of all devices running Ethernet nodes
"distributed platform" means that anyone can set up and run an Ethereum node just as anyone can run a bitcoin node. Anyone who wants to run "smart contracts" on nodes must pay the operators of these nodes in ether, which is a cryptocurrency related to Ethereum. Therefore, the person running the Ethernet node provides computing power and gets paid in the Ethernet, which is similar to the way that the person running the bitcoin node provides hash power and pays in bitcoin
in other words, although bitcoin is only a blockchain and payment network, Ethereum is a distributed computing network, and its blockchain can be used for many other things. Details are provided in the Ethereum white paper
what is ether
Ethernet is a digital token (or cryptocurrency) related to Ethereum blockchain. In other words, Ethereum is the token and Ethereum is the platform. But now people often use these terms alternately. For example, coinbase allows you to buy Ethereum, which stands for Ethereum
this is technically "altcoin", which actually means a non bitcoin cryptocurrency. Like bitcoin, ether is supported by distributed blockchain - in this case, Ethereum blockchain
developers who want to create applications or Ethereum smart contracts on Ethereum blockchain need Ethernet token to pay for nodes to host it, while users of Ethereum based applications may need Ethernet to pay for services in these applications. People can also sell services outside the Ethereum network and accept Ethernet payments, or they can sell Ethernet tokens in cash - just like bitcoin
The total number of atomic coins issued was 100 billion, and the total number of atomic coins was 1; 10 mapping
token is a tool to measure the transmission and transformation of value. As the parties participating in the construction of the system, token is the qualification basis for the distribution of rights and interests. Atomic chain will issue endogenous currency, which we call ATOS. In the initial stage of the system, it will be released based on erc20. In the medium-term stage, the 1:1 smooth migration to the main network of the atomic chain. Erc20 is a standard protocol on Ethereum network. It uses the protocol interface to create a token, which is used as the basis of warrant and qualification of each role. ATOS is the basic circulation value of the whole ecosystem. Through ATOS, users can realize transaction, value transfer, enjoy value preservation and increase, and vote. Atos is also the basic reward condition for each role to participate in. Through the reward, the enthusiasm among the roles can be stimulated, and the virtuous cycle of the ecosystem can be promoted. In order to fight against inflation and maintain and increase the value of contracts, we will issue a fixed number of ATOS. Through ecological operation, ATOS will maintain a certain minimum value. We use push in the ecosystem to push the ecological event report according to a certain period< ATOS is divided into circulation pool and lock pool. Under the condition of constant total amount, the total amount of market circulation and lock pool will maintain a certain proportion, so as to achieve the balance point within the pool
the reason for the emergence of Moke is that Ethereum, the hottest smart contract platform at present, has insufficient speed and expansion capacity to meet the needs of a large number of token project applications. Compared with Ethereum's 7-14 transactions per second, Moke can achieve 100 times, even 1000 times under optimized conditions
how is Moke, as an "optimized Ethereum", realized technically<
01 layered verification
first of all, layered verification is adopted. Other systems either insist on pow, or insist on POS, or mix POW + POS, which can not effectively use the advantages of both and avoid the disadvantages of both. We use POW in the physical network and POS in the logical network of the smart contract, so that we can take both advantages into account, which can be called pop (POS over POW)<
02 fragmentation technology
the latest fragmentation concept of Ethereum, the main chain is basically unchanged, and a validator management contract is added to manage sharding interface and allocation. The main chain doesn't care what it looks like in sharding. The main chain only cares about the hash of your header. However, in order to achieve fragmentation in technology, according to the route planning of Ethereum, it will not come out until 2019
compared with Ethereum's single network, Moke has successfully broken through and adopted sharding technology, which can divide Moke into numerous logical subnets, making parallel computing possible, solving a major problem in the instry, greatly improving the processing speed, so as to achieve visa level transaction scale<
03 asynchronous call
Ethereum's synchronous smart contract call, the return of smart contract and block consensus are bound in the same block, resulting in the total amount of smart contract processing limited by block time. Moke adopts asynchronous smart contract call, so that the call and return can cross blocks without block time limit, which greatly increases the number of smart contracts to be processed at the same time
04 cross chain
by crossing blocks through asynchronous smart contracts, Moke can carry out atomic cross chain operation on blockchains with different block generation times, making Moke an underlying blockchain system with cross chain capability. Asynchronous call of smart contract can cross blocks from start to completion, and is no longer limited to one block. This greatly speeds up the throughput of MOAC, and has the function of cross chain of different blockchains
different blockchains have different block generation times. For example, if you set a contract to buy Ethereum erc20 token on the MOAC, you can cross the current block of the MOAC in 5 seconds, and then the contract will wait for Ethereum 25 second block to complete the corresponding transaction through off chain communication, and then complete the transaction in the N + 2 MOAC block. This kind of atomic transaction is completely different from the current transactions completed by various cross chain third-party roles through the establishment of an intermediate escrow account
in the contract, you can also define several confirmation blocks to complete the transaction. Other blockchain systems lack the function of asynchronous call contract, so they can't exchange atoms across chains, which is the advantage of MOAC
05 plug in and verify self built blockchain procts
the new idea means to build a new blockchain. We need to set up servers, develop teams, build communities, attract new users, and so on. We need to spend a lot of money to implement new blockchain ideas. After the inker chain goes online, these ideas can be easily tested on the inker chain, without huge additional costs<
06 never bifurcate
once blockchain procts are deployed and put into proction mode, it is difficult to add / modify / delete functions. Such a modification is either a soft fork or a hard fork. Dealing with bifurcation requires great effort and economic consequences. The architecture mode of Moke chain makes it possible to improve blockchain without bifurcation.