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Ethereum official miss

Publish: 2021-05-21 00:11:52
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; 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

    2.

    At present, there are many channels for domestic users to buy Ethereum. Here are some common channels:

    < H2 > 1. Coincola is an over-the-counter trading platform for indivials to trade bitcoin

    coy Cola is affiliated to Hong Kong coincola limited, which is developed and operated by a professional international team, focusing on providing convenient and reliable blockchain services for global users. Coincola gathers global users and is committed to building a world-class blockchain asset platform

    in coy cola, people from different countries can buy bitcoin with their own currency. The seller of the website publishes the advertisement of selling bitcoin, and explains the payment method and exchange rate. You can choose to trade directly online according to the content of the advertisement. Bitcoin is stored in Ke Ying Cola's Internet wallet. You can transfer bitcoin directly

    2. How to buy eth

    < UL >
  • register the coincola account, and then click "buy" in the top menu of the home page to enter the advertisement list page

  • select the appropriate advertisement from the advertisement list and click "buy eth" to enter the transaction page

  • enter the amount of money to be purchased or the number of digital currency (please understand the message information of the other party, payment method, and transaction instructions of the platform before entering), click buy now, and the order confirmation pop up. After checking and confirming the information, click confirm purchase to enter the order page

  • in the chat box of the platform, you can inquire whether the other party is online according to the template statement, and make offline payment according to the collection information and collection method provided by the other party

  • after the completion of offline payment, click the mark that the payment has been completed at the first time (please complete this operation within 15 minutes at the beginning of placing an order, so as to avoid the payment cannot be recovered e to the cancellation of the order e to overtime), and then customize the input information in the chat box to confirm the payment and ask the seller to confirm the collection and release the digital currency

  • the progress bar in the top column shows that the goods have been received, indicating that the digital currency has arrived in the wallet. Make comments according to the seller's behavior, and click submit to complete the transaction

  • < / UL > < H2 > 2. C2C trading on trading platform

    with the rapid increase in the number of trading platforms and competitive pressure, many trading platforms will have their own C2C trading. Here we take the relatively large ZB trading platform as an example to illustrate

    What is C2C

    C2C transaction is a customer to customer transaction, which is guaranteed by the transaction platform. There are many such platforms, such as: Fire coin, otcbtc, bitpai OTC, etc., which are guaranteed by the platform and traded between users. We can simply understand it as: our shopping situation on Taobao is the same as that. In case of dispute, the platform will arbitrate. As long as the transaction is carried out according to the normal process, the security of the transaction is guaranteed

    2. ZB's C2C business

    ZB platform has two choices: QC and usdt. The basic logic is the same. There are many usdt platforms. QC is the feature of ZB, EXX and other platforms. Here we focus on QC

    < H2 > about QC

    QC is a token. At present, you may know more about usdt and bitcny. At present, there is a special area for QC transaction on ZB. Simply put, QC can buy all other digital currencies (BTC, ETH, EOS, etc.) on ZB. Therefore, after purchasing QC with RMB recharge, you can conct currency transaction on ZB station

    The advantage of the < H2 > QC token is that the exchange ratio between the < H2 > < UL >
  • and RMB is 1:1, which is easier to convert

  • purchasing other tokens with QC can be directly understood as purchasing RMB, and has an intuitive understanding of the currency price

  • it takes about half an hour to get to the account. It will take about two hours to get to the account in congestion

  • ZB platform is relatively reliable, and the reputation of ZB is still very good in the past

    How to operate C2C of ZB

    < UL >
  • log in to ZB trading platform and click "C2C trading" on the page

  • to get to the QC transaction page, you need to first bind your bank card. Then, in the buy QC interface, enter the quantity of QC you want to buy. At present, the ratio of QC to RMB is 1:1. Enter the purchase quantity and click "buy now"

  • after clicking "buy now", you will be prompted to complete the payment within 30 minutes. At the same time, payment information is generated. Please note that the payment must be made according to the prompt

  • < / UL > < H2 > official statement:

    business processing time 9:00-21:00. Non processing time orders will be processed at 9:00 the next day, and the payment will be completed within 24 hours after receiving the order

    this means that the merchant you paid will transfer QC coin to your account within 24 hours. According to my experience, you can get to the account in 2 hours ring the day

    < H2 > the following points should be paid attention to:

    1) make sure to use the newly bound bank card for transfer and payment

    2) note information (that 6 digit) must fill in

    3) do not use Alipay, WeChat and other transfers. p>

    4) do not fill in the opposite account incorrectly

    < UL >
  • about 1-2 hours, you can check whether your QC has arrived in the financial center

  • after the account is received, you can trade in the "QC" zone of the "spot trading". You can choose the transaction you want to buy and buy the order

  • 3. At the top of Ethereum is DAPP. It exchanges with the smart contract layer through Web3. JS. All smart contracts run on EVM (Ethereum virtual machine) and use RPC calls. Below EVM and RPC are the four core contents of Ethereum, including: blockchain, consensus algorithm, mining and network layer. Except DAPP, all other parts are in the Ethereum client. The most popular Ethereum client is geth (go Ethereum)
    4. Whether a currency is counterfeit depends on whether it meets the basic characteristics of blockchain. Blockchain is divided into public chain and private chain. The public chain is a block chain based on the principle of decentralized open consensus, which has two characteristics: 1. Decentralized, single point can not be controlled; 2; 2. Open, all people or institutions can participate in any part of the blockchain ecology; Private chain or alliance chain is a local decentralized and non open block chain based on internal or self trust. It has two characteristics: 1. Local decentralization. For example, several banks run one node and have equal computing power; 2. In closed operation, only officially designated participants can participate in the core work of blockchain operation, and even block queries are limited or not open to the outside world at all; Ethereum started as a community project and is still on the road of decentralization. However, Ethereum chooses to become more and more decentralized and public chain like bitcoin. At present, Qube is the largest trading platform of Ethereum in China, followed by oke, and the trading volume of bitmex abroad is not small. Its recognition is second only to BTC.
    5.

    It does not belong to MLM

    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 proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, to the effect of "next generation cryptocurrency and decentralized application platform", and began to develop through crowdfunding in 2014. The market value of Ethernet currency is second only to bitcoin, and it is the second largest encrypted digital currency in the world

    extended data

    bitcoin has created the first decentralized cryptocurrency, and has fully tested the feasibility and security of blockchain technology in more than five years. In fact, bitcoin's blockchain is a set of distributed database. If a symbol bitcoin is added into it and a set of protocol is specified, the symbol can be transferred safely on the database without trusting a third party. The combination of these features perfectly constructs a currency transmission system bitcoin network

    however, bitcoin is not perfect, and the scalability of the protocol is a deficiency. For example, there is only one symbol in the bitcoin Network - bitcoin, and users can't customize other symbols. These symbols can represent the company's stocks or debt certificates, which will lose some functions

    In addition, a stack based scripting language is used in bitcoin protocol. Although this language has some flexibility to realize functions such as multi signature, it is not enough to build more advanced applications, such as decentralized exchanges. Ethereum is designed to solve the problem of insufficient scalability of bitcoin

    6. With the upgrading of Ethereum to version 2.0 this year, the consensus mechanism will be converted to POS, which will have a huge impact on miners. There are two choices for miners. One is to sell mining equipment and buy eth to adapt to the stacking mechanism of POS; The second is to switch the miner to other networks supporting GPU miner. Nick foster, a representative of kabombacks, a US mining equipment distributor, said most eth miners would choose the latter

    after Ethereum is upgraded to version 2.0 POS mechanism, miners may switch mining machines to other networks
    as Ethereum is finally ready to start its Ethereum 2.0 upgrade later this year, thus eliminating the long-term delay, the network will start to move towards the proof of rights model

    therefore, the network will give up the workload proof consensus algorithm, so that eth miners have little choice. As their equipment will become obsolete, they will be forced to start mining counterfeit coins or re qualify as eth mortgagors. So, what is the current situation of Ethereum mining? With the coming transition, what will happen to the whole instry< At present, Ethereum consensus is based on POW system, which is similar to bitcoin (BTC). As a result, Ethereum's mining process is almost the same, as miners use their computing resources to earn rewards for each block they try to complete< However, there are still major differences between these processes. Although bitcoin mining has relied almost entirely on ASIC (large, loud machines designed specifically for cryptocurrency mining, most of which are concentrated in areas with low electricity prices), Ethereum's pow hash algorithm ethash is designed to support global chip manufacturers (such as NVIDIA and AMD). As Thomas Heller, global business director of cryptocurrency mining pool f2pool, explained in a conversation with cointegraph, GPU is much cheaper and easier to access than ASIC

    "as ASIC is a very professional machine, when a new generation of procts is released, it is usually a huge technological leap. As a result, they have a much higher hash rate and are more energy efficient than the previous generation. This means that those manufacturers have spent a lot of money to research and develop it. Their machines are usually very expensive, and GPUs are much cheaper. "

    Heller added that those who use GPU miners "have more flexibility to mine." For example, the popular NVIDIA geforce GTX 1080 Ti card can mine more than 15 different currencies, while ASIC units usually support only one currency

    nevertheless, Ethereum is not completely immune to ASIC miners - at least in its current state. In April 2018, bitcontinent released antminer E3, an ASIC specially proced for mining Ethereum. Although widely praised for its hash rate of 180 megahashes per second and power consumption of 800 watts, it has received different responses from the Ethereum community. After the ASIC is inserted, a considerable number of GPU rig owners seem to suffer from loss of profits, and some are even forced to switch to other networks

    "in the white paper, ETH must have ASIC resistance. I would like to say that the white paper stands for something "is one of the highest comments on the AR / ethermining topic about the topic discussed when antminer E3 was announced. Another reddit user argued that "the $800 only applies to 180mh."“ Split or die of a nation. "

    some Ethereum users continue to suggest that bitmain's mining devices can lead to greater concentration, thus increasing the possibility of attack by 51%. Soon, a group of developers put forward "programmed workload proof" or progpow, which is an extension of the current Ethereum algorithm ethash, aiming to make GPU more competitive and promote decentralization

    according to a paper published in March by Kristy Leigh Minehan, co-founder of progpow, about 40% of the hash rate of Ethereum is generated by bitmain ASIC. Alejandro de la Torre, the vice president of poolin, is the sixth largest pool of eth. He confirmed to cointegration that "GPU mining is still dominant" in Ethereum network, and added:

    "at present, the profit of eth mining is not high, and the management threshold and cost of GPU equipment are higher than ASIC equipment. Compared with ASIC devices, GPU devices are more flexible, and you can use other algorithms to switch to other coins. "

    progpow has not been integrated into Ethereum, and it is not clear when it will be finally implemented - in March, Ethereum core developers were debating whether progpow will really benefit the network in nearly two hours, and failed to reach a consensus. It is worth noting that a bitmain representative has previously told cointegraph that the mining hardware giant does not intend to extend the service life of antminer E3 to start operation after October 2020: "as far as we know, mining will end in October or some time after that."

    a safe but uncertain future

    indeed, Ethereum will stay away from mining in the future. Ethereum 2.0, which is planned to be launched later in 2020, is a major network upgrade on the blockchain, aiming to transfer its current POW consensus algorithm to a virtual POS (known as "block verifier")

    more specifically, users are randomly selected considering their wealth in the network or their "interests". In other words, the more coins a POS verifier chooses to put in, the more coins accumulated as a reward

    according to vitalik buterin, the co-founder of Ethereum, e to the transition, the network will be more secure and the attack cost will be higher than the network of bitcoin, although the debate about the better consensus algorithm in the encryption community has lasted for many years. However, it is not clear when to start Ethereum 2.0, as many errors and management issues are reported to be delaying the process

    another hypothetical benefit of POS system is that it has higher energy efficiency than pow blockchain. According to digiconomist, the cryptocurrency's total annual footprint is 59.31 terawatts per hour, which is comparable to the electricity consumption of Greece as a whole. However, since a report in July 2019 estimated that 74% of the exploitation of bitcoin was done using renewable energy, the environmental impact of bitcoin does not seem to be so serious

    what will happen to the actual Ethereum miner? According to the documentation of Casper upgrade as part of Ethereum 2.0 roadmap, the network will initially support a hybrid model including both POW and POS, thus providing some space for block verifiers and GPU / ASIC miners. Jack O & 39, CEO of skale network; "There will definitely be a transition period when two networks are running at the same time," Holleran told cointegration The CEO of scale network (based on Ethereum's blockchain platform) gave a detailed description of this process:

    "the transition from eth1 to eth2 takes time of course - it may be years rather than months. The good news about this slow transition is that dapps and defi platforms will be able to roam around based on survivability, security and real-world evidence of adoption. This is a positive impact on the Ethereum ecosystem. "

    dig or not

    once Ethereum is fully in the POS orbit, miners will have two options. One is to sell the equipment and use the money to accumulate more Eth and start mortgage. The other is the choice for GPU miners, which is simply switching to other ethash networks and mining counterfeit money. Nick foster, a representative of kabombacks, a US mining equipment dealer, told cointegration that most eth miners would choose the latter:

    "what I want to say is that most of the miners have not really entered Ethereum or the mining of specific tokens. Yes, there is a certain amount of mineral deposits and holds, but I oppose the view that a large number of Shanzhai coin miners hold their coins at any time. "<

    foster then described how he used 3gb GPU units to mine ethash's point-to-point blockchain asset ravencoin (RVN). Once it was unable to mine eth, he said, "this is the reason for mining crows. I immediately sold stability to BTC, and then sold it to US dollars to pay for my rights. I would say that a lot of people are adopting this strategy. "

    as foster concludes, he wants eth miners to jump out of the network, and new players - those who don't invest in power infrastructure or drilling rigs - will take a stake in eth. He described the following:

    "I can't imagine if I found a five-year lease with $0.04 of electricity and I was mining eth, I decided to sell everything and then continue to pay the rent so that I could hold eth as a share. Substitute. "

    Marc fresa, founder of asic.to, a mining firmware company, agreed in a conversation with cointegraph: "if you invest in mining, you won't bet because you have enough room to grow."

    one of the main counterfeit coins that may benefit from POW miners leaving Ethereum is Ethereum classic (etc), which is a more conservative version of the blockchain. It is reported that there is no POS related plan. As it also runs on the ethash algorithm, the startup of Ethereum 2.0 may lead to the migration of miners, so its hash rate may have a significant peak

    eth's larger pools have similar options. When asked about the company's plans for Ethereum after pow, Heller told cointegraph that after the announcement of Ethereum's POS upgrade, f2pool launched a sister company called story.fish in early 2018. Story.fish has started to provide mortgage services for other POS and delegated POS projects, such as tezos (xtz), Cosmos (atom) and Cardano (ADA), e to numerous handover delays. For prin, e to the transition to POS, it "may temporarily give up supporting eth mining," de la Torre told cointegraph

    other top eth pools, namely nanopool, ethermine, pool center, sparkpool and spiderpool, did not respond to requests for comment from cointegraph.
    7. There is no problem at all, but relatively speaking, we must buy some reliable ones, because we must pay attention to them.
    8. How to earn money by raising cats
    on cryptokitties, you can buy virtual cats. By 17:00 Beijing time on December 6, 2017, the cheapest kitten had reached 0.037eth. Equivalent to 110 yuan per piece
    then the kittens have some opinions about the generation. For example, Gen 12 indicates that it is the 12th generation, while Gen 20 indicates that it is the 20th generation. Generally speaking, the smaller the algebra, the more valuable it is. And you can make your kittens slap each other. For example, a Gen 1 kitten and a Gen 1 kitten will give birth to a Gen 2 kitten
    you can sell your kittens and their offspring for money
    but what if you don't have two kittens? If you only buy one kitten, you can use your kitten to have fun with other people's high-quality kittens. The fee also depends on the kittens (to be honest, this mechanism is very evil, similar to... Borrowing chickens to have children?) The quality of the proct. If your kitten is of high quality, you can also use your kitten to mate other people's kittens, and then you get Ethereum income
    but kittens also have special fertility rates

    every time a kitten gives birth to one generation, it will have a certain cooling time, and it can't regenerate kittens within the cooling time,
    the cooling time is divided into several grades
    fast: 1 minute
    swift: 2 – 5 minutes
    snappy: 10 – 30 minutes
    brisk: 1 – 2 minutes
    plodding: 4 – 8 minutes
    slow: 16 – 24 minutes
    sluggi Sh (lazy kitten): 2 – 4 days
    catatonic (nervous kitten): 1 week
    so the price of your cat also depends on its birth time
    and generally speaking, the larger the algebra is, the higher the gen value is, and the slower their growth rate is
    but I want to make complaints about it because CryptoKitties is too hot! Ethereum network has a little bit of a crash, the official recommended that every time you buy a cat, the minimum handling charge is 21000. 400000 fuel = 0.01eth. However, it is irritating that I raised the procere to 1.6 million fuel, which is 0.04, and Ethereum still failed. 0.04 Ethereum. That's more than 120 yuan. It's too dark.
    9.

    mist decentralized application browser

    mist is a decentralized application browser. Mozilla, Firefox or Google Chrome was born for Web 2.0, while mist browser was born for Web 3.0 (the 3.0 era will be decentralized). Mister is still in its rapid development stage. Now there is only one available public release, secret open source release 0.3.6. This release allows you to open any Ethereum decentralized application with mist browser

    Ethereum wallet

    all other releases of "mist" are not mist, except a mist browser with independent decentralized application: Ethereum wallet (known as meteor decentralized application wallet) because Ethereum wallet only provides a separate mist browser decentralized application: wallet, Therefore, he is called "Ethereum wallet". In the future, after the release of metropolis, Ethereum wallet will provide a complete mist browser function for any decentralized application. Ethereum wallets will be just one of them< br />

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