In 2017, huocoincom sold Laite coin and frozen bank card
lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central authority. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places.
With digital currency bitcoin in the spotlight in 2017, it's hard to remember the shadow of other cryptocurrencies
according to a new report, 1000 bitcoin holders have 40% market share
it is said that these major investors, known as "whales", may cause the value of cryptocurrency to plummet at any time
bitcoin once approached the $20000 mark. At the beginning of the year, bitcoin was worth just $970
However, cryptocurrency is very unstable. The value fell below 14000 yuan on December 10 and rose above 16000 yuan on December 11 Moreover, financial experts believe that bitcoin may be more unstable than people think. Recently, some Chinese bitcoin players have taken to court in a rage over losses
according to the bitcoin player, from November 2013 to June 2016, he paid 321966 yuan to fire coin, withdrawn 104772 yuan from fire coin, and lost 217194 yuan. The losses were caused by the bitcoin and lightcoin exchanges with 20 times leverage through the accounts on bitvc website
because bitvc website does not accept RMB recharge, it only accepts virtual currency recharge, so its transactions on the website are all through the purchase of bitcoin and Leyte coin by recharging cash on fire coin, and then transfer the purchased virtual currency to the account of bitvc website
the bitcoin player also said that although fire coin knows that virtual futures trading is illegal, it still lures registered users of fire coin to enter bitvc website for virtual currency futures trading with 20 times leverage by opening bitvc website and setting up links on fire coin website, using high leverage incement and telephone invitation. Fire money network further through the control of background data, false transactions and other means of fraud, resulting in his damage, so it asked fire money network to compensate for the loss of 52.8567 bitcoin, 815.9731 lightcoin
the court held that the arbitration clause agreed by the bitcoin player and the fire coin company has come into effect, and the ruling is confirmed to be valid. The dispute in this case should be arbitrated by the arbitration organization, and the court has no jurisdiction, so the lawsuit should be rejected
blockchain technology will be applied to the credit investigation, transaction security and information security of the financial instry. Financial data security, information privacy and network security are just suitable for distributed block technology and blockchain, which can form point-to-point digital value transfer in finance, so as to improve the security of transmission and transaction
the domestic blockchain technology companies started late, but there are many ICO projects and they are developing very rapidly. At present, the well-known blockchain technology companies include Shanghai Wanxiang blockchain Co., Ltd. (Shanghai), Weilian (Shanghai), Beijing ruizhuoxitou Technology Development Co., Ltd. (Beijing) and Hangzhou complex beauty Technology Co., Ltd. (Hangzhou). Chongqing yinlian Technology Co., Ltd. (Chongqing)
in these well-known companies, the price of token varies, but those who use blockchain technology for commercial application, such as yinlian technology in Chongqing, develop commercial application technology, and provide more competitive proction management, warehousing management, anti-counterfeiting traceability, precision marketing and other services for enterprises and consumers with blockchain commodity Internet of things integrated service platform as the core
with the increase of ICO projects, supervision is bound to follow the trend. Therefore, whether it is well-known or not, only by truly doing application technology and applying blockchain technology to commercial applications, can it really go further.