The latest news of Ethereum V God
although the price of Ethereum continues to decline, there are still many investment opportunities. Nowadays, many people invest in Ethereum through virtual currency trading in the realm Kingdom, which is not affected by the rise and fall of prices, but also can invest less money in the shortest time to obtain more income.
what is Ethereum:
Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. blockchain technology is one of them
Ethereum platform can safely run any program users want
advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum
what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application
The design of Ethereum is very flexible and adaptable
Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields
blockchain applications of Ethereum
Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc
Ethereum has achieved more than 100 blockchain applications by many start-ups
Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged
the relationship between Ethereum and blockchain:
Ethereum is a programmable blockchain
Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes
in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency
like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"
Bitcoin has opened the era of blockchain 1.0, which is characterized by providing a different way of thinking for value transfer, that is, value transfer no longer depends on centralized institutions such as banks. During this period, as more and more people were familiar with bitcoin, many people began to learn from the idea of bitcoin, so a large number of counterfeit coins appeared
the reason why these counterfeit coins are called "counterfeit coins" is that their source code is similar to that of bitcoin, and there is no substantive breakthrough. They also have the shortcomings of bitcoin, and there is no breakthrough improvement. However, people do not have the problem of bitcoin. Many people in the bitcoin community hope to solve these problems through a variety of technical means, so as to make the bitcoin system perfect
Among them, there is a Russian teenager named vitalik buterin, who is also eager to make up for the shortcomings of bitcoin system as soon as possiblefirst, you play games in a lively way, while others play games as gatekeepers
when he was 13 years old, he was a typical Internet addict, addicted to world of Warcraft. One day, the game company of world of Warcraft suddenly cancelled his favorite warlock "life siphon" skill. He was very angry and contacted the company many times to restore the skill. However, the game company did not agree
as a result, Butlin began to reflect that in Internet games, players, as participants, are actually very weak. The strong ones are game developers, who are the center of a game. Has the final say that the game player has no say what the developers want to do, and can only choose to accept or leave passively. p>
Butlin realized the disadvantages of centralization through "world of Warcraft", so he began to look for ways to break the centralization. Butlin realized bitcoin from his father, a programmer, and became so interested that he decided to give up the aura of a famous university and drop out of the University of Waterloo to travel around the world to exchange and learn with blockchain enthusiasts all over the world
at that time, bitcoin enthusiasts were going all out to add more functionality to bitcoin and build bitcoin 2.0. But Butlin believes that the establishment of a new programming language is bitcoin's top priority. So, at the age of 19, Butlin wrote a new white paper, which is the rudiment of Ethereum white paper. Butlin mentioned in the white paper
: he hopes to create a variety of applications based on the common programming language, such as social networking, trading, games... These ideas have been strongly echoed by the bitcoin community, and more and more people have joined in the design of Ethereum. Finally, this project was named "Ethereum" by Butlin, because "Ethereum" is a kind of material that has not been confirmed under scientific theory, implying Butlin's expectation for the project
in June 2015, Ethereum officially released
in the next two years, Ethereum's cryptocurrency "Ethereum" became the most popular digital asset after bitcoin. The price of Ethereum increased 85 times in 2017, and more than 20 global top financial institutions and technology companies, such as JPMorgan Chase, Chicago Board of exchange, Microsoft, Intel and Accenture, established the enterprise Ethereum alliance, Butlin has become a blockchain God "V God" from a young boy
2. The great potential of Ethereum to activate blockchain
the emergence of Ethereum has activated the great potential behind blockchain. Why do you say that
the breakthrough of Ethereum is that it not only upgrades the blockchain to an operating system, so that you can develop an application chain on this basis, but also allows you to publish your own tokens in a very simple way
different from bitcoin's preset trading system operation, Ethereum is a programmable blockchain:
Ethereum allows users to create their own operations that meet their needs and have different degrees of complexity. In this sense, Ethereum is a platform. This "platform" has built a relatively complete "system", which is a bit similar to Android and apple. Application developers can develop various applications on this system
this setting makes Ethereum break through the single "monetary function" of bitcoin, and expand the application scenarios of blockchain technology to all aspects. Now, for example, we can do a lot of things through mobile app: paying fees, ordering meals, taking a taxi, shopping and so on. Similarly, developers can develop DAPP (blockchain application) on Ethereum. In the future, you can use DAPP to replace app, paying fees, ordering meals, taking a taxi, shopping and so on. Ethereum gives us these beautiful visions
Thirdly, the consensus mechanism of Ethereum is different from that of bitcoin. As we mentioned earlier, bitcoin decides its bookkeeping rights through the consensus mechanism of pow. Although the security index of pow is high, the energy consumption and cost of mining are huge, and the transaction processing speed is still very slow. Therefore, Ethereum further enriched the technology of bitcoin and proposed a new mining mechanism, namely, proof of interest (POS) The "proof of equity" proposed by Ethereum is similar to the shareholder mechanism. The more shares people have, the easier they are to obtain the bookkeeping right. It is a system of interest distribution according to the amount and time of holding money. The core logic of POS mechanism is: who holds the currency, who has the control of the network. It should be noted that in the POS mechanism, there is still computing power mining, which needs to solve a mathematical problem. However, the difficulty of the mathematical problem is related to the "age" of the coin holder. The longer the coin holder holds the coin, the easier the difficulty will be, and the greater the probability of digging the coin Fourthly, the controversial ICOEthereum is an open source system, similar to the current Android and apple systems. Developers can develop various applications on it. Most of the ICO projects are based on Ethereum. If developers want to develop blockchain applications (DAPP) on Ethereum, they need to raise certain funds through ICO as operation and maintenance costs
The concept of ICO was very popular in 2017, which was once considered as the main reason for the bull market in 2017 What's the matter with ICO? ICO (initial coin offering) is a way to raise funds for digital currency / blockchain projects. Because the token has market value, it can be converted into legal currency. In this way, it can be used as the development cost of the project. And early participants can get the initial issue of digital currency in returngenerally speaking, if a blockchain game company announces: we are going to issue money for private placement (ICO)! If you are particularly optimistic about this project, if you want to participate, you need to buy a certain number of Ethereum and call the wallet address of the blockchain game project party, which is equivalent to that you have participated in the crowdfunding (ICO) of the blockchain game project party. When the currency of this blockchain game company can be traded on the exchange, then they will pay you back according to certain rules
it seems that ICO in blockchain field is similar to IPO in stock field, isn't it? you 're right! In fact, ICO in the blockchain field is very similar to IPO in the stock field. Let's take a look at their general explanation:
IPO refers to an enterprise or company (limited company) selling its shares to the public for the first time
ICO refers to an enterprise or company (mostly blockchain start-ups) selling its token to the public for the first time
however, normally speaking, it is very difficult for an enterprise or company to go through the IPO process. It is very difficult to go through "BP seed round Angel round a round B round C round D pre IPO IPO IPO" without five to eight years. However, ICO in the field of blockchain can only be realized in three to eight months by "white paper - cornerstone investment - Private Placement -
- ICO - Stock Exchange"
This is also the reason why ICO is controversial. At present, many countries define ICO as an illegal act. It is not unreasonable to ban ICO, because at present, the state has no relevant supervision on this aspect, so it is very easy for the project party to illegally raise funds and circle money, which not only causes great losses to investors, but also disrupts the normal financial order Fifthly, the most important feature of Ethereum is the introction of "smart contract". What does smart contract mean? Smart contract is to define a set of trading rules in the form of code. In our daily life, we usually sign paper contracts, and the implementation of paper contracts needs centralized institutions, that is, the court to supervise. The "smart contract" proposed by Ethereum is to realize decentralized automatic execution through programthe account called "smart contract account" will only be executed according to the code. This technology has a wide range of applications, including insurance, equity, trust and so on. It can be said that this technology can be applied to all activities that need trust
Sixth, the significance of Ethereum: it represents the blockchain 2.0 era. After the glorious period of 2017, now, in the face of bear market, some ICO projects are worried about being tired by the bear market and cash out one after another, leading to a sharp drop in the price of Ethereum. V God, the founder of Ethereum, is also deeply involved in all kinds of rumors. There are often rumors that he is going to quit Ethereum and he is running away However, Ethereum is indeed a leap forward in blockchain technology, which represents the era of blockchain2.0. If bitcoin represents the era of blockchain 1.0, it provides new ideas and new methods for value transfer; Then, the blockchain 2.0 era represented by Ethereum makes the commercial application of blockchain possible
Ethereum is a blockchain smart contract. Now Ethereum ranks 2-3 in the market value ranking, with a market value of 25% of bitcoin. However, Ethereum also has some problems, such as slow trading, high fuel costs and the mining mechanism that has been criticized repeatedly. Familiar? All of bitcoin's problems are with Ethereum. Some time ago, the Ethereum cloud cat game developed on Ethereum went online in the first week, directly blocking Ethereum's trading network. I tried to pay a high gas fee of nearly 100 yuan, but I still couldn't transfer it successfully. This can't help but lower my expectation of Ethereum. Ethereum is a great idea of V God, but after all, it is a pioneer, and there is a long way to go from perfection.
V God refers to V God in happy male voice
is elected by the majority of netizens, who hold the power to blackmail other judges
V God should not only have a high popularity, but also directly veto the judgment of one of the judges, directly affect the competition results, and be the VIP of the judges
{rrrrrrr}
extended materials:
the characters represented by V God:
I. in myth,
V God is a Xuanwu people in Beiping. It was born in the autumn of 1987. When he was young, he was gifted. He was often appointed a date by a university in Beijing. He was famous for his expeditions, which can be said to be noisy. Waiting for V God crown, because from the tribe is a graceful station, elegant manner, closed on shy flowers, sunken fish wild goose beauty you
Second, in the game DOTA,
V God has played an immeasurable role in the process of VP winning mym7. God V's gank power is unmatched. Even if God V starts badly. In recent games, he led the team through the suffocating gank to destroy opponents. God V can be competent for any hero, such as the moon arrow, the fearless bounty hunter, and even the witch doctor. There is no doubt that vigoss will continue to rule the DOTA community< Third, in the water king, vshen is a member of the 5th phase of the 3rd unit of arma3 armed assault of saga, a famous domestic game team. Now he has become a regular member and one of the soul figures of the unit
Third, in the economy, vitalik buterin is the founder of Ethereum. Vitalik buterin, inspired by bitcoin, put forward the idea of "next generation cryptocurrency and decentralized application platform", which began to develop through ICO crowdfunding in 2014
at the end of 2013, vitalik buterin, founder of Ethereum, released the first edition white paper of Ethereum and launched the project. From July 24, 2014, Ethereum has carried out a 42 day pre-sale of Ethereum coins
The core of Ethereum 2.0 upgrade is Ethereum 2.0 fragmentation and POS consensus mechanism. The adoption of POS consensus mechanism is to improve the energy efficiency of Ethereum protocol and increase the security of Ethereum blockchain. Ethereum 2.0 is partitioned, so that the Ethereum chain no longer needs to process each transaction on the chain through each node
in the fragmentation system, each node only needs to process about 1% of the transactions or less, which greatly improves the efficiency of the blockchain. After the implementation of eth2.0, not only the network performance has been greatly improved, but also investors can rece the investment in heavy assets (+ slf0037). The implementation of consensus protocol Casper and fragmentation technology has made great changes to the underlying protocol of the network, and further promoted the development of blockchain expansion technology, and continuously reached the commercial standard. As of 16:00 on January 7, 2021, more than 2.3 million eth have been locked in the network, accounting for 2% of the total supply of Ethereum. However, this is still only the first phase of the update. According to official information, uniswap V3 has been deployed to the Ethereum main network. According to the official article, uniswap V3 is the most powerful version of the agreement so far. Centralized liquidity provides unprecedented capital efficiency for liquidity providers, better execution for traders, and the core infrastructure of decentralized finance. As far as Ethereum's roadmap is concerned, V Shen said that as the merger date approaches, many aspects of the roadmap are becoming more and more feasible. It is optimistic that the upgrade will be completed by the end of this year. After the merger, the execution chain will run within the consensus chain, and each beacon chain block will include a block from the execution chain. He also said that the merger requires a lot of complex technologies to make the whole process as simple as possible. For users, clients, developers and smart contracts, the merger will be smoother and users need not worry too much. At present, many centralized exchanges, decentralized exchanges, decentralized pledge agreements and basic service providers have entered the stacking track of Ethereum 2.0. It is not difficult to imagine that more service providers will emerge in the future, and the Ethereum 2.0 stacking plate will also become the standard configuration of exchanges and wallets. How long can we dig the pow chain of eth 1.0? There is no clear answer. But it is certain that before Ethereum is completely transformed from POW to POS, Ethereum foundation must take a long time to prove that the POS chain is safe. Only in this way can all developers and users safely complete the switch, so that the entire ecosystem worth more than 100 billion US dollars can truly and completely run on the beacon chain
no one knows how long it will take to complete the project, which is a big unknown, and these unknowns may be a great resistance to the transformation of Ethereum 2.0. Therefore, we are optimistic that the pow chain can continue to dig for at least two to three years
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