Position: Home page » Ethereum » Ethereum Dao price

Ethereum Dao price

Publish: 2021-05-25 13:09:35
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.
    1. has a high market value, and ethereal classic is well-known in the top 15

    2. in the market value of digital currency market. As a forked currency of Ethereum, Ethereum has a certain reputation

    3. and relatively stable fluctuations. Compared with air currency, Ethereum classic is less volatile

    4. a better digital currency trading platform "currency exchange"

      < / OL >
    3.

    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 the

    blockchain 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

    extended data:

    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

    4. In fact, most trading platforms support eth Ethereum trading
    5.

    Now the fire of virtual currency is in a mess. Everyone is talking about the blockchain and virtual currency. It feels like they are eliminated without talking about the blockchain. Let's talk about virtual currency today

    concept description: calculation force and force are both mining capabilities. Generally, the higher the mining capacity is, the more mines will be g under the same conditions

    however, I was also tempted by that sentence: "go to sea in the 1980s, speculate in stocks in the 1990s, and engage in Internet in the 1990s? What opportunities have you missed to get rich overnight over the years? " Many people are afraid to miss the tuyere, in fact, any new things should be treated with a normal mind, should not hold too high requirements

    I will first introce several virtual currencies, and analyze whether they are regular or counterfeit through their models

    1. Netease Star:

    no matter who introces the virtual currency of blockchain, Netease star will be the first choice. Although Netease star has no trading platform and can't trade at present, they are all necessary. Maybe they believe that "Netease procts must be high-quality procts", or I have such an attitude

    Netease planet is a virtual currency of blockchain launched by Netease in early 2018

    the app of Netease planet is very concise, clean and tidy. It only shows the growing black diamonds. Here is the list of force value and black diamonds. At present, the highest force value is 223, and the highest force value of black diamond is 60

    through the above methods, although it can't be 100% identified as counterfeit currency, for your reference, you can't blindly invest because you too much virtual currency, you must have a clear mind

    6. I found out from the Shenzhen Bestone software that the shortest walk and the least stops are:
    take airport line 6 (306) to Bao'an passenger station. A total of 12 stations, the whole journey is about 10.4km
    it is recommended that you search "Shenzhen know it" on the Internet. The first is to click in and download the free Shenzhen know it software, which is easy to use.
    7. Walk to the new terminal building of the airport,
    take bus No.
    M371,
    , get off at
    Bao'an Art City (18 stops), and walk to
    Bao'an bus station
    (about 530 meters)
    Hot content
    Inn digger Publish: 2021-05-29 20:04:36 Views: 341
    Purchase of virtual currency in trust contract dispute Publish: 2021-05-29 20:04:33 Views: 942
    Blockchain trust machine Publish: 2021-05-29 20:04:26 Views: 720
    Brief introduction of ant mine Publish: 2021-05-29 20:04:25 Views: 848
    Will digital currency open in November Publish: 2021-05-29 19:56:16 Views: 861
    Global digital currency asset exchange Publish: 2021-05-29 19:54:29 Views: 603
    Mining chip machine S11 Publish: 2021-05-29 19:54:26 Views: 945
    Ethereum algorithm Sha3 Publish: 2021-05-29 19:52:40 Views: 643
    Talking about blockchain is not reliable Publish: 2021-05-29 19:52:26 Views: 754
    Mining machine node query Publish: 2021-05-29 19:36:37 Views: 750