What's the meaning of Ethereum's suspension of withdrawing
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
bitcoin does not rely on specific currency institutions to issue. It is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
bitcoin is very similar to cash
the advantages of bitcoin are: no freezing, no tracking, no taxes, and extremely low transaction costs. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
I trade directly on dobby trading platform, fire coin, coin security and OK. Maybe the platform needs to be upgraded. To be specific, you can ask the customer service of the platform why it can't be mentioned, which has no impact on Ethereum's money collection
Liu Changyong, director of the blockchain Economic Research Center of Chongqing University of technology and instry, told the science and technology innovation board daily that the main reason for the exchange's suspension of withdrawal / withdrawal of currency is the popularity of cryptocurrency trading. In particular, recently Dog Coin and chaidog coin have become social hot spots, bringing a large number of new users to the exchange, which directly leads to the overloading of several major exchange systems, "This phenomenon has appeared in all previous bull markets, mainly e to technical problems, which is not surprising."
a person from the encryption asset investment instry also told the science and technology innovation board daily that from the perspective of network technology, Ethereum network sometimes faces upgrading, and the charging function will be suspended at this time
stricter supervision of exchanges
since the beginning of this year, with the continuous influx of capital, the virtual currency has risen sharply, and the total market value of the encryption asset instry has also risen. According to the statistics of relevant instry institutions, the total market value of encryption assets has soared from about 780 billion US dollars at the beginning of the year to more than 2.5 trillion US dollars (about 16 trillion yuan)
although the withdrawal suspension on the evening of May 10 was solved, it still touched the nerves of the market for cryptocurrency exchange Reporter's note: cryptocurrency is used for trading through the exchange account, and this asset is kept by the exchange, so users can't control it completely; By withdrawing the balance of the exchange account into their own wallet, users can really control their own assets)
On May 10, coin an announced on twitter that it would suspend all withdrawals from the platform. In fact, you don't have to worry too much. It doesn't mean that there is something wrong with the currency, and the normal withdrawal has been resumed in less than an hour. So it's not about the currency, not about the degree of freedom of withdrawal, it's about the technology of the platform, Because there are too many people trading on the platform, the platform collapsed{ RRRRR}
try not to touch this thing, which is for you. It's a stable and really effective suggestion. Don't think that you can make money if others can make money. There are still people who can make money in the stock market. When they can make 30% or even double their profits a year, more than 80% of the retail investors in the stock market are losing money, you think you are 20%, and you don't know when you become leek