US SEC ruling on Ethereum
Publish: 2021-05-25 14:32:35
1.
Policies and regulations
2. Recently, the scale of financing in the ICO market has been reced to 1 / 10 of that at the beginning of the year, and the financing mode of STO in the market has become the financing mode expected by investors
in practice, the US ICO is mainly supervised by the SEC and CFTC. The securities and Futures Commission of the United States classifies all the tokens except bitcoin and Ethernet into securities, and regulates all the securities tokens
the SEC will test the project itself according to specified standards to determine whether it is a "security." If it is judged to be a security, the project will be regulated by the sec. It is in violation of U.S. securities laws if it has been ICO registered or exempted from registration in accordance with relevant securities regulations. There are mainly three relevant securities regulations, regulation a + (small listing), regulation D (private investment), and regulation s
to put it simply, register an American company, standardize token according to SEC standards, and issue it with sto certification.
in practice, the US ICO is mainly supervised by the SEC and CFTC. The securities and Futures Commission of the United States classifies all the tokens except bitcoin and Ethernet into securities, and regulates all the securities tokens
the SEC will test the project itself according to specified standards to determine whether it is a "security." If it is judged to be a security, the project will be regulated by the sec. It is in violation of U.S. securities laws if it has been ICO registered or exempted from registration in accordance with relevant securities regulations. There are mainly three relevant securities regulations, regulation a + (small listing), regulation D (private investment), and regulation s
to put it simply, register an American company, standardize token according to SEC standards, and issue it with sto certification.
3. Lightning bitcoin has not been well known because it is a bifurcated coin of bitcoin. Many users in the coin circle instinctively dislike this kind of token. Fork coin has now become synonymous with money and running. But what you may not know is that all bifurcated bitcoin can be called currency in the eyes of foreign regulators. The US SEC only recognizes bitcoin and Ethereum as currencies because they have not concted ICO in public channels. Accordingly, these bifurcated currencies are regarded as currency. And lightning bitcoin is the only one that doesn't pre dig in the fork coin. You can imagine that bitcoin is 100 banknotes issued by a bank, and all kinds of bifurcated banknotes are equivalent to banknotes of different denominations issued by the bank. You may not be able to understand the valuable value of this. When it comes to the circulation of entities, if you are a bifurcated coin of bitcoin, it is easy to pass the government compliance. In short, the reason why the Grand Prince BCH can get through the physical circulation in Japan so quickly is just the light of bitcoin
then why should I say that lightning bitcoin is a great currency experiment? We compare lightning bitcoin to a free economy with three major stakeholders: developers, miners and holders
so far, no blockchain project can effectively govern the three. Why? The reason is very simple. In an ICO project, the developers, coin holders and even miners are the same group. It's easy to understand. Why should he give the best interests to the ICO holders? This is obviously not in line with human nature. The reason why lightning bitcoin dares to do chain governance is related to the issuing mode of lightning bitcoin. LBTC's "governance on the chain" is another attempt to "decentralize", which is also very eye-catching. Dpos mechanism determines that there are 101 nodes in the network. At the same time, unlike pow, the right of choice is in the hands of the coin holder. These nodes will be elected by the vote of the coin holder. When the node does not act, the user can vote out of the network. According to last week's weekly report, LBTC's block browser has also added this function, which can view the operation of nodes in real time. It also paves the way for LBTC's "chain governance". In the LBTC system, all coin holders can vote to decide whether the project development proposal will go or stay, and all members of the organization can participate in the decision-making and operation of the organization. In addition, the 5000 standard of lockup after the election of the lightning node ensures that the node is both a mine pool and a coin holder. In this way, the relationship among miners, developers and users is well balanced, and the foundation of an autonomous organization is formed.
then why should I say that lightning bitcoin is a great currency experiment? We compare lightning bitcoin to a free economy with three major stakeholders: developers, miners and holders
so far, no blockchain project can effectively govern the three. Why? The reason is very simple. In an ICO project, the developers, coin holders and even miners are the same group. It's easy to understand. Why should he give the best interests to the ICO holders? This is obviously not in line with human nature. The reason why lightning bitcoin dares to do chain governance is related to the issuing mode of lightning bitcoin. LBTC's "governance on the chain" is another attempt to "decentralize", which is also very eye-catching. Dpos mechanism determines that there are 101 nodes in the network. At the same time, unlike pow, the right of choice is in the hands of the coin holder. These nodes will be elected by the vote of the coin holder. When the node does not act, the user can vote out of the network. According to last week's weekly report, LBTC's block browser has also added this function, which can view the operation of nodes in real time. It also paves the way for LBTC's "chain governance". In the LBTC system, all coin holders can vote to decide whether the project development proposal will go or stay, and all members of the organization can participate in the decision-making and operation of the organization. In addition, the 5000 standard of lockup after the election of the lightning node ensures that the node is both a mine pool and a coin holder. In this way, the relationship among miners, developers and users is well balanced, and the foundation of an autonomous organization is formed.
4. Compared with BCH and BSV, lightning bitcoin LBTC is also derived from bitcoin, and its original intention is to solve some shortcomings and defects of bitcoin itself. However, the biggest difference of LBTC is that it adopts dpos consensus mechanism instead of pow consensus mechanism. The most significant advantages of LBTC are as follows:
first, it greatly improves performance, As we all know, the number of transfers per second of bitcoin, that is, TPS, is only about 7, and other bitcoin forked coins using POW consensus mechanism are almost the same. The theoretical value of TPS of LBTC can reach 2800, and the current actual level can reach more than 1000, and the performance has been improved by several orders of magnitude. The slogan "fast as lightning" is by no means empty words. If you are interested, you can download a wallet from the official website of LBTC or Cobo to experience it
Second, it greatly reces the energy consumption and participation threshold. As we all know, the high energy consumption caused by POW mining represented by bitcoin has been criticized by the outside world. At the same time, because mining has already become a heavy asset instry, mining machinery, mining and other fields have been monopolized by a few big players, ordinary small and medium-sized investors and new manufacturers have little room to survive, It has formed a situation in which the strong are always strong. However, POS / dpos currencies only need ordinary PCs or even mobile phones to run wallets and stack, so as to obtain revenue
thirdly, it introces chain governance, which achieves a good balance between democracy and efficiency. At the same time, it encourages users to actively participate in community affairs through voting and staging mechanism. In the world of pow, power is power, simple and crude; In the world of POS, those who hold more money will have more right to speak and gain
in the world of dpos, it is not simply to see who holds more money. At the same time, it needs the extensive support of the community to exercise power on behalf of the community. At the same time, the majority of small and medium-sized users also have the opportunity to launch motions, express their demands, and participate in decision-making
because bitcoin has carried too many interests, we are very cautious about any improvement of bitcoin, and the pace is very slow, which leads to the division of the community and the proction of many forked coins. However, in fact, compared with bitcoin, the improvements made by BCH and BSV are quite limited, so the improvement in all aspects is also very limited
therefore, if you take a closer look at LBTC, you will find that it is actually a very interesting bitcoin fork coin. I think it is a very bold and imaginative experiment based on bitcoin. If lightcoin has been used as a testing ground for new technologies and new ideas for bitcoin in many cases, LBTC can be regarded as a testing ground for bitcoin with greater and more thorough changes
just mentioned, one of the biggest obstacles in the promotion and use of bitcoin is that TPS is too low to carry high-frequency transactions. Compared with bitcoin and some well-known bifurcated currencies such as BCH and BSV, the performance of LBTC is improved by several orders of magnitude, and the actual TPS can reach more than 1000
increasing TPS can rece verification time, but it will inevitably sacrifice security or decentralization. If TPS increases blindly, blockchain will completely sacrifice "decentralization". At the same time, the requirements on the miner's machine configuration will be more stringent. If it can not upload the transaction in time, it will proce more unfinished transactions, and the hidden danger will be greater. Although EOS uses 21 super nodes to achieve high efficiency, it also sacrifices some "decentralization" and security, and introces potential risks such as DDoS
in the past two years, many public chain projects blindly pursue high TPS, and often claim to have achieved tens of thousands, hundreds of thousands or even millions of TPS. In order to improve TPS, some project parties buy millions of equipment to test in a laboratory, which only plays a PR effect or amuses themselves. Such a high TPS is meaningless. Even if it can reach or close to such a number, for the current market demand, it also belongs to excess performance, which is bound to cause unnecessary waste of resources
according to the calculation of relevant research institutions, even if the public chain processes 100 million transactions every day, thousand level TPS is enough. It's worth noting that the TPS of Libra, which is to be launched by Facebook, is also around 1000. You should know that Facebook has as many as 2.7 billion users in the world, which should be determined by them after careful consideration
this means that LBTC's TPS can meet the needs of processing 100 million transactions per day, which is quite pragmatic and can fully meet the needs of global users in the next few years. Moreover, LBTC also has a high degree of scalability. With the further improvement of global Internet infrastructure, the performance of LBTC will continue to improve. It can be said that the current LBTC has found a good balance in the "Impossible Triangle" of efficiency, security and decentralization
in the view of many bitcoin fundamentalists, only the pow path chosen by Nakamoto is the only right way. POW consensus mechanism has experienced nearly 10 years of stable operation and continuous market test, and dpos has been more than 6 years since its birth. So how about doing an experiment to see what wonderful chemical reactions can be proced by combining bitcoin with dpos
if this dpos version of bitcoin can also withstand the continuous test of 10 years, will we still insist that only POW is the only right way for bitcoin? Of course, we don't have a definite answer to this question. Time will tell
although I also claim to be a believer of bitcoin, I think the existence of LBTC is very meaningful. This significance does not mean to replace bitcoin, or like some fans of other forked coins, I think that only the branch I support is the real bitcoin, but to explore more and wider possibilities in technology and form a useful supplement to bitcoin.
first, it greatly improves performance, As we all know, the number of transfers per second of bitcoin, that is, TPS, is only about 7, and other bitcoin forked coins using POW consensus mechanism are almost the same. The theoretical value of TPS of LBTC can reach 2800, and the current actual level can reach more than 1000, and the performance has been improved by several orders of magnitude. The slogan "fast as lightning" is by no means empty words. If you are interested, you can download a wallet from the official website of LBTC or Cobo to experience it
Second, it greatly reces the energy consumption and participation threshold. As we all know, the high energy consumption caused by POW mining represented by bitcoin has been criticized by the outside world. At the same time, because mining has already become a heavy asset instry, mining machinery, mining and other fields have been monopolized by a few big players, ordinary small and medium-sized investors and new manufacturers have little room to survive, It has formed a situation in which the strong are always strong. However, POS / dpos currencies only need ordinary PCs or even mobile phones to run wallets and stack, so as to obtain revenue
thirdly, it introces chain governance, which achieves a good balance between democracy and efficiency. At the same time, it encourages users to actively participate in community affairs through voting and staging mechanism. In the world of pow, power is power, simple and crude; In the world of POS, those who hold more money will have more right to speak and gain
in the world of dpos, it is not simply to see who holds more money. At the same time, it needs the extensive support of the community to exercise power on behalf of the community. At the same time, the majority of small and medium-sized users also have the opportunity to launch motions, express their demands, and participate in decision-making
because bitcoin has carried too many interests, we are very cautious about any improvement of bitcoin, and the pace is very slow, which leads to the division of the community and the proction of many forked coins. However, in fact, compared with bitcoin, the improvements made by BCH and BSV are quite limited, so the improvement in all aspects is also very limited
therefore, if you take a closer look at LBTC, you will find that it is actually a very interesting bitcoin fork coin. I think it is a very bold and imaginative experiment based on bitcoin. If lightcoin has been used as a testing ground for new technologies and new ideas for bitcoin in many cases, LBTC can be regarded as a testing ground for bitcoin with greater and more thorough changes
just mentioned, one of the biggest obstacles in the promotion and use of bitcoin is that TPS is too low to carry high-frequency transactions. Compared with bitcoin and some well-known bifurcated currencies such as BCH and BSV, the performance of LBTC is improved by several orders of magnitude, and the actual TPS can reach more than 1000
increasing TPS can rece verification time, but it will inevitably sacrifice security or decentralization. If TPS increases blindly, blockchain will completely sacrifice "decentralization". At the same time, the requirements on the miner's machine configuration will be more stringent. If it can not upload the transaction in time, it will proce more unfinished transactions, and the hidden danger will be greater. Although EOS uses 21 super nodes to achieve high efficiency, it also sacrifices some "decentralization" and security, and introces potential risks such as DDoS
in the past two years, many public chain projects blindly pursue high TPS, and often claim to have achieved tens of thousands, hundreds of thousands or even millions of TPS. In order to improve TPS, some project parties buy millions of equipment to test in a laboratory, which only plays a PR effect or amuses themselves. Such a high TPS is meaningless. Even if it can reach or close to such a number, for the current market demand, it also belongs to excess performance, which is bound to cause unnecessary waste of resources
according to the calculation of relevant research institutions, even if the public chain processes 100 million transactions every day, thousand level TPS is enough. It's worth noting that the TPS of Libra, which is to be launched by Facebook, is also around 1000. You should know that Facebook has as many as 2.7 billion users in the world, which should be determined by them after careful consideration
this means that LBTC's TPS can meet the needs of processing 100 million transactions per day, which is quite pragmatic and can fully meet the needs of global users in the next few years. Moreover, LBTC also has a high degree of scalability. With the further improvement of global Internet infrastructure, the performance of LBTC will continue to improve. It can be said that the current LBTC has found a good balance in the "Impossible Triangle" of efficiency, security and decentralization
in the view of many bitcoin fundamentalists, only the pow path chosen by Nakamoto is the only right way. POW consensus mechanism has experienced nearly 10 years of stable operation and continuous market test, and dpos has been more than 6 years since its birth. So how about doing an experiment to see what wonderful chemical reactions can be proced by combining bitcoin with dpos
if this dpos version of bitcoin can also withstand the continuous test of 10 years, will we still insist that only POW is the only right way for bitcoin? Of course, we don't have a definite answer to this question. Time will tell
although I also claim to be a believer of bitcoin, I think the existence of LBTC is very meaningful. This significance does not mean to replace bitcoin, or like some fans of other forked coins, I think that only the branch I support is the real bitcoin, but to explore more and wider possibilities in technology and form a useful supplement to bitcoin.
5. The rise of all digital currencies before [cp] is the price bubble.
we saw six big bubbles, one more serious than one, and each was epic. But when you look back, they're like dots on a chart. With every bubble emerging, trading activity soared, which is what we see now.
many investors have heard about the huge profits of early cryptocurrency investment, and they have entered the market to buy cryptocurrency in order to get higher profits. This has driven the valuation of major cryptocurrencies such as bitcoin, Leyte, ethereal and so on to soar
however, recently, the soaring market of the currency circle has ended and replaced by the bear market
just yesterday, bitstamp data showed that bitcoin fell below the $6000 mark, which was broken again after it fell below the $6000 mark at the end of June. In just two weeks, bitcoin has entered a bear market, returning to bear market for the fourth time this year. Compared with the highest level of the year set at the beginning of the year, bitcoin has long been "cut"
recently, ether currency fell by 17%, the biggest one-day drop since March. Ripple, ether and other digital currencies all fell
it is generally believed in the market that the US Securities and Exchange Commission (SEC) delayed the approval of issuing bitcoin ETF is the main reason for this round of slump. As the ETF is the first digital monetary financial proct, the setback on its listing has dealt a huge blow to the market
according to the analysis of Wall Street, if bitcoin and Ethernet become the new mainstream means of financial payment or the underlying foundation of other commercial applications, their prices will naturally drive up. On the contrary, the price downturn of digital currency may last for quite a long time[/ cp]
we saw six big bubbles, one more serious than one, and each was epic. But when you look back, they're like dots on a chart. With every bubble emerging, trading activity soared, which is what we see now.
many investors have heard about the huge profits of early cryptocurrency investment, and they have entered the market to buy cryptocurrency in order to get higher profits. This has driven the valuation of major cryptocurrencies such as bitcoin, Leyte, ethereal and so on to soar
however, recently, the soaring market of the currency circle has ended and replaced by the bear market
just yesterday, bitstamp data showed that bitcoin fell below the $6000 mark, which was broken again after it fell below the $6000 mark at the end of June. In just two weeks, bitcoin has entered a bear market, returning to bear market for the fourth time this year. Compared with the highest level of the year set at the beginning of the year, bitcoin has long been "cut"
recently, ether currency fell by 17%, the biggest one-day drop since March. Ripple, ether and other digital currencies all fell
it is generally believed in the market that the US Securities and Exchange Commission (SEC) delayed the approval of issuing bitcoin ETF is the main reason for this round of slump. As the ETF is the first digital monetary financial proct, the setback on its listing has dealt a huge blow to the market
according to the analysis of Wall Street, if bitcoin and Ethernet become the new mainstream means of financial payment or the underlying foundation of other commercial applications, their prices will naturally drive up. On the contrary, the price downturn of digital currency may last for quite a long time[/ cp]
6.
Plustoken wallet is not reliable
on June 29, 2019, plustoken, the largest blockchain investment project, was reported by users that it was unable to withdraw money, and then six founding team members were arrested in Vanuatu for suspected Internet fraud. In the previous article "tracking the asset transfer of plustoken with pictures and texts", the preliminary tracking statistics showed that there were 1203 BTC inflows into the exchange
At the same time, peckshield found that another transfer address at the beginning of 1m1tfsvb in the monitoring transferred 5575 BTCs through multiple decentralized and small amount transfer out, and it is not sure whether it will flow into the exchange. However, ETH, EOS, XRP and other currency assets have no abnormal trend7. Blockchain technology is a decentralized distributed ledger, which can share and the data of the whole ledger synchronously. It has traceability, tamper proof, openness and anonymity. It is the underlying technology of cryptocurrency
if you want to learn more about blockchain technology and digital currency, you can search relevant blockchain media platforms, such as Baijia and xiongzhang, on the Internet. Here, we recommend a password finance, where you can learn about blockchain and digital currency.
if you want to learn more about blockchain technology and digital currency, you can search relevant blockchain media platforms, such as Baijia and xiongzhang, on the Internet. Here, we recommend a password finance, where you can learn about blockchain and digital currency.
8. Yes, please accept
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