Ethereum deflation
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on December 17, 2017, bitcoin reached an all-time high of $19850. On July 27, 2020, bitcoin broke through the $10000 mark again [2]<
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from the transaction of things In 2008, the global financial crisis broke out. On November 1 of the same year, a person who called himself Satoshi Nakamoto published the white paper bitcoin: a peer-to-peer e-cash system [6] on the P2P foundation website, stating his new idea of e-money bitcoin came out. On January 3, 2009, bitcoin Genesis block was born
there are three bitcoins in total
compared with legal tender, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacture of bitcoin, and it can circulate all over the world. It can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can dig, buy, sell or receive bitcoin, And in the transaction process, foreigners can not identify the user's identity information. On January 5, 2009, bitcoin, which is not controlled by the central bank and any financial institutions, was born. Bitcoin is a kind of digital currency, which is composed of a series of complex codes generated by computer. The new bitcoin is made by preset program
whenever bitcoin comes into the view of mainstream media, mainstream media always ask some mainstream economists to analyze bitcoin. Earlier, these analyses always focused on whether bitcoin was a scam. Now the analysis is always focused on whether bitcoin can become the mainstream currency in the future. The focus of the debate is often on the deflationary nature of bitcoin[ 7]
many bitcoin players are attracted by the fact that bitcoin can not be added at will. Contrary to the attitude of bitcoin players, economists have a polarized attitude towards the fixed amount of 21 million bitcoin
Keynesian economists believe that the government should actively regulate the total amount of money, and use the tightness of monetary policy to timely fuel or brake the economy. As a result, they believe that bitcoin's fixed aggregate currency sacrifices its adjustability, and worse still, it will inevitably lead to deflation, thereby harming the overall economy. Austrian economists hold the opposite view. They think that the less the government intervenes in money, the better. The deflation caused by the fixed amount of money is not a big deal, even a sign of social progress
bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system. Bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network will get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer[ 6]
in 2009, when bitcoin was born, block rewards were 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25. When the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million[ 3]
bitcoin is a virtual currency with limited quantity, but it can be used to cash out: it can be converted into the currency of most countries. You can use bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use bitcoin to buy real-life items
on February 25, 2014, the opening price of "bitcoin China" was 3562.41 yuan. By 4:40 p.m., the price had dropped to 3185 yuan, down more than 10%. According to the historical market data of the platform, on January 27, 2014, 1 bitcoin could be exchanged for 5032 yuan. This means that in less than a month on the platform, the price of bitcoin has dropped by 36.7%
on September 9 of the same year, the US e-commerce giant eBay announced that Braintree, its payment processing subsidiary, would start accepting bitcoin payments. The company has entered into a partnership with coinbase, a bitcoin trading platform, to begin to accept this relatively new means of payment
although the eBay market trading platform and paypal business do not accept bitcoin payment, Braintree customers such as airbnb, a travel house rental community, and Uber, a car rental service, will be able to start accepting this virtual currency. Braintree, whose main business is to provide payment processing software to enterprises, was acquired by eBay in 2013 for about $800 million
on the evening of January 22, 2017, fire coin, bitcoin China and okcoin announced on their respective official websites that in order to further curb speculation and prevent drastic price fluctuations, all platforms will start to collect transaction service fees from 12:00 noon on January 24, and the service fees will be charged at a fixed rate of 0.2% of the transaction amount, and the active transaction and passive transaction rates are the same[ 8] On May 5, according to the latest data of okcoin, the price of bitcoin has just set a new record, reaching a high of 9222 yuan by the time of publication. From 12:00 noon on January 24, China's three major bitcoin platforms officially began to collect transaction fees. On September 4, the central bank and other seven ministries and commissions announced that China banned virtual currency trading
on December 17 of the same year, bitcoin reached an all-time high of $19850
on November 25, 2018, bitcoin broke the $4000 mark and then stabilized at more than $3000[ 9] On November 19, cryptocurrency resumed its decline, and bitcoin fell to the $5000 mark for the first time since October 2017, e to BCH's hard bifurcations and the regulatory authorities' enhanced scrutiny of the initial token issue (ICO)[ 9] At 4:30 a.m. on November 21, the offer of bitcoin on the coinbase platform fell below $4100, a 13 month low
in April 2019, bitcoin broke the $5000 mark again, reaching a new high in the year[ 10] On May 12, bitcoin broke through $7000 for the first time in nearly eight months[ 11] On May 14, according to the offer of coin market cap, bitcoin stood at $8000, up 14.68% in 24 hours[ 12]
on June 22 of the same year, the price of bitcoin broke through the $10000 mark. Bitcoin prices fluctuated around 10200, rising nearly 7% in 24 hours[ 13] On June 26, the price of bitcoin broke through $12000, a 17 month high since January last year[ 14] In the morning of June 27, the price of bitcoin was close to $14000, reaching a new high of the year[ 15]
on February 10, 2020, bitcoin broke through $10000. According to trading data, bitcoin's price rose more than 3%, breaking the psychological limit of $10000 for the first time since October 26 last year[ 16]
on March 12, according to the data of bitstamp, the cryptocurrency trading platform, the lowest price of bitcoin dropped to US $5731 at 19:44[ 17]
on May 8, bitcoin broke through the $10000 mark, a new high since February[ 18]
from 8:00 a.m. on May 10, the unit price of bitcoin fell by thousands of dollars from $9500 in half an hour, with the lowest price falling below $8200 and the highest price difference exceeding $1400[ 19]
at 6 p.m. on July 26, bitcoin rose rapidly for a short time, reaching a maximum of 10150.15usdt, with a maximum increase of more than 4% within the day. This is the first time since June 2, 2020 that bitcoin has exceeded the $10000 level[ 2]
bitcoin has been "forked" more than 100 times in two years. How about those forked coins now
a financial book
like 67
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it's easy to be attacked by hackers and ask for bitcoin! Network threat has been related to the life and death of enterprises<
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Zan 18
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I bet that bitcoin will never die out
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visiting bitcoin mine in Xinjiang
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overseas mining rise: batch construction of us factories, On November 1, 2008, a self styled Satoshi Nakamoto published a bitcoin white paper, bitcoin: a peer-to-peer electronic cash system, on the P2P foundation website, stating his new idea of electronic money bitcoin came out
Wang yuexinyi, Professor of mathematics at Kyoto University, was born on January 3, 2009. Bitcoin uses distributed ledger to get rid of the constraints of third-party institutions, which Nakamoto calls "blockchain". Users are willing to dedicate the computing power of CPU and run a special software to be a "digger", which will form a network to maintain the "regional chain". In the process, they also generate new money. Business is also extended on this network. Computers running this software are scrambling to solve the problem of irreversible code, which contains several business data. The first miner to deal with the problem will get a 50 bitcoin reward, and the relevant trading area will join the chain. As the number of "miners" increases, the difficulty of each puzzle also increases, which keeps the proctivity of bitcoin in each trading area at about 10 minutes
in 2009, Nakamoto designed a digital currency, namely bitcoin. The booming bitcoin market has gone up and down, and the identity of its founder "Nakamoto" has always been a mystery. Rumors about "the father of bitcoin" involve from the US National Security Agency to financial experts, and also give bitcoin a mysterious aura
according to foreign media reports, computer scientist Ted Nelson released a video on the Internet on Sunday, saying that he has determined that the founder of bitcoin is Shinichi Mochizuki, a professor of mathematics at Kyoto University. The founders of bitcoin have always used
bitcoin is the originator of digital currency and the most valuable virtual currency. Because blackmail virus only takes bitcoin, it has entered the public view. The soaring price of bitcoin in 2017 has attracted a large number of investors to enter the digital money market. Because the number is small, it is only 21 million, which has a strong deflationary attribute
of course, I am extremely optimistic about the future of bitcoin. Of course, many people are not optimistic about digital currency. Here, it is most pertinent to quote Krugman's view:
"at least for now, buying bitcoin is still a good investment. But that doesn't mean the experiment was successful. The original intention of establishing a monetary system is not to make those who hold money rich, but to make transactions convenient and benefit the whole economy. And none of these bitcoins came to us. "
reborn currency
a protocol currency issued by reborn, which is the base currency of reborn network. It can circulate in the whole reborn network, with a total amount of 100 billion, and graally decreases with the increase of transactions. Reborn currency is the only common currency in ripple system, which is different from other currencies in ripple system, Ripple labs (formerly known as opencoin) is the operating company of ripple coin
unlike bitcoin, reborn is a kind of transaction protocol, which is called smart contract in technical terms. It supports people to pay in any currency, and does not need a central data exchange center, so the transaction confirmation time of ripple is only 35 seconds, while that of bitcoin is 10-40 minutes
Ethereum
Ethereum is the name of currency used in Ethereum, which is used for payment calculation in Ethereum virtual machine. Ethereum is a blockchain that can be used to deploy decentralized applications. It is an open source computer platform and blockchain platform. At the end of 2013, it was founded by vitalik buterin, a Russian programmer
there is a key difference between the blockchain technologies used by Ethereum and bitcoin. Ethereum's data processing speed is faster than that of bitcoin, because once agreed, Ethereum's system will automatically apply to the terms and conditions in the contract
unlike bitcoin, the value of Ethereum depends on whether the applications on the platform of Ethereum are prosperous or not, just like the price of oil will rise with more machines using oil
bitcoin cash
bitcoin cash is a branch of bitcoin. In order to solve the problem of long transaction time of bitcoin, at 20:20 on August 1, 2017, a small number of mining machines began to use 8m block to start mining, and the transaction confirmation speed was thousands of times faster than that of bitcoin using 1m block
strictly speaking, however, there are different opinions on whether this is a new branch of bitcoin or another kind of "counterfeit currency". But now the offer of bitcoin cash is nearly 20000 yuan, so it's not too much to use it as a kind of "Shanzhai coin" to divide bitcoin traffic
IDA coin, ADA in English, is a proct of Cardano project. The total amount of Aida is 4.5 billion yuan, and 3 billion yuan will participate in the subscription. Among them, 2.5 billion ADA will be used for platform subscription, 500 million for the financial support of the development company's operating company, and 1.5 billion ADA coins will continue to be issued in the form of block awards
Cardano is a project started in 2015 to change the way cryptocurrency is designed and developed. This project is aimed at technical reformers, technical improvements to bitcoin and existing platforms. If bitcoin, Ethereum and other projects have many other shortcomings, Cardano can solve them<
lightcoin
a currency based on bitcoin protocol, but it does not require very high computing power, and it can also be mined by ordinary computer. Lightcoin's algorithm comes from the algorithm designed by Dr Colin Percival for tarsnap secure online backup service (backup for Linux and other open source operating systems)
for a long time, there has been a voice that "lightcoin will replace bitcoin", which is impossible. In the future, there will probably be a variety of cryptography currencies in the world, but any kind of counterfeit currency can not replace the mainstream position of bitcoin, no matter how excellent its algorithm is compared with bitcoin<
stellar currency
stellar currency, a digital currency project initiated by Jed McCaleb, the former founder of ripple, is used to build a decentralized gateway between digital currency and legal tender. It will be provided to users in the form of free distribution, and its supply online is 100 billion, of which 95% of the amount of star coin is used for free distribution
star is a diversified team. The board members include Keith rabois, former COO of square, Patrick collison, CEO of stripe, Jackson Palmer, co-founder of dogcoin, and naval Ravikant, co-founder of angellist, who will be the consultant of the project< New economy movement, or NEM, was founded on January 19, 2014. The founder is a mysterious person in bitcointalk.org forum called utopianfuture. The original intention of utopian future was to build a second-generation digital currency NXT. He then realized that NXT's distribution model was unreasonable, so he devoted himself to NEM with egalitarian distribution
as a kind of cryptocurrency, new coin does not need much computing resources to maintain the operation of nodes. The proof of importance (POI) engine of NEM reces the threshold of computing resources to participate in non-traditional blockchain<
dascoin
formerly known as black coin, is a kind of counterfeit currency of bitcoin, which focuses on anonymous function. There are many innovations, such as master node network, fast payment, mixed currency anonymous technology, proposals can vote, and developers have fixed budget support. The core consists of a unique incentive P2P network. Miners are rewarded for maintaining blockchain security; The main node holders are rewarded for verifying transactions, storing data and providing a variety of services
the feature of anonymity meets the needs of some investors for absolute privacy. Although bitcoin is also widely used in money laundering and other illegal transactions e to its anonymity, it is only "pseudo anonymity", and the transaction of bitcoin can still be traced back to the traders themselves.
the reaction of cryptocurrency to the Fed's interest rate increase shows that cryptocurrency is regarded as a safe haven investment against the background of the continuous dilution of the value of major legal currencies. That's why demand for bitcoin has risen in countries where fiat currencies have fallen, such as India and Venezuela
however, if the Federal Reserve continues to raise interest rates, the market demand for cryptocurrency may decrease. The reason is that when the Fed stops printing new money, there will be less new money flowing into assets such as real estate, stocks and cryptocurrency. As a result, investor demand for anti inflation assets will decline.
In the past year, the number of cryptocurrencies has been growing rapidly, including bitcoin led cryptocurrencies focusing on payment and Ethereum led functional cryptocurrencies focusing on infrastructure. No matter what kind of cryptocurrency you are optimistic about, the most important thing you are concerned about is the rise of the currency price. However, in the process of many currency price rises and falls, the most important thing is the rise of the currency price, There is a type of cryptocurrency that is most sought after by investors. That is the trading points launched inside the trading platform, which is also known as platform currency
the BC points of bgj.io, the money manager, will be sold to the public from May 3, with a total amount of 60 million pieces and a daily quota of 8 million pieces for seven days. The sales of 300000 pieces in a single account will be limited. As of May 9, all of them have been snapped up. It can be seen that money friends are very optimistic about the points of this platform. I believe every senior investor has heard or experienced the grand competition of HT. On January 26, the amount of ht28.56 million was robbed in 32 seconds! The players who get it are jubilant, while those who don't get it are dejected. Why are platform points so popular? In fact, it's very simple. Just refer to coin an's BNB. According to the data of coin market cap platform, the global average price of BNB at the beginning of its issuance was US $0.1, which rose to US $2.6 in less than a month, up 26 times! In addition to the currency price income, the platform will also give fixed dividend income to the platform currency holders. Take coin an as an example, the daily dividend of coin an is as high as more than 20 million yuan. However, when these well-known platform currencies rise to the present, it is not meaningful to buy them again, because the space for currency price rise is extremely limited. Today, Xiaobian will dig out a high-quality platform currency and exchange for you - currency Manager (bgJ. IO) and platform integral BC (guanjiayuan), so as to give you more investment options
Xiaobian learned about the exchange because the platform recently launched its own platform, coin BC. As a "steady" old leek, he is very interested in the platform points launched by various exchanges. After a detailed understanding of the exchange, he thinks that the platform has great potential, In particular, the sales and dividend model of the platform's points make Xiaobian's eyes bright. The following Xiaobian lists several highlights of the exchange based on the information she inquires, so that investors can judge the pros and cons by themselves
the first bright spot: the steady growth of user volume
as a blockchain asset trading platform, coin housekeeper was officially launched in March. Although the launch time was short, coin housekeeper has accumulated hundreds of thousands of users in more than one month. And it is understood that the daily growth of money manager's user registration is stable at 70% - 85%. In such a competitive situation of the exchange, it is not easy for a new exchange to have such a large number of user growth in a short time, which is enough to show that the trading platform has at least achieved the ultimate in user experience<
the second bright spot: the highest platform bonus in all exchanges
money manager recently launched the platform bonus BC (family currency), with a total issue of 200 million pieces (never increasing), of which 100 million pieces were locked for one to three years, and released in batches in three years after the platform was launched for one year. In order to ensure the currency deflation, the platform promised that after the platform was launched for one year, Every quarter, 20% of the profit will be used for BC repurchase to ensure that there will be no more than 100 million pcs in the market, which is similar to coin an's BNB
the biggest difference between BC and BNB is that all users holding BC will participate in the dividend except for the locking part of the platform, and the dividend proportion is 80% of the monthly transaction fee profit of the platform! According to the announcement of the platform, this substantial profit transfer is in the hope that the whole people will hold shares and jointly promote the development of money management. And in the later dividend process, adjust the dividend date at any time according to the number of users and profit status, and carry out dividend every week or every day. Coin an's daily dividend can be as high as more than 20 million. Over time, the daily dividend amount of BC, which has the largest dividend strength, should be more exaggerated
the third bright spot: BC's unlimited rising space
no matter what kind of platform currency, there are few on-line currencies that don't rise, and they all soar, which is a tacit fact in the currency circle, because platform currency reflects the strength and reputation of an exchange. BNB (currency security currency), at the beginning of its launch, was US $0.1, only 10 months after it was launched, with a maximum increase of 245 times. At present, the currency price is US $13.76, even though it has dropped a lot, it has also increased 138 times compared with the original
the development path of BC is similar to BNB in many aspects, including the amount of currency issued and the quarterly repurchase ratio. The only difference is that BC has greater dividend strength and is more friendly to ordinary investors
for users, they can pay transaction fees and enjoy a certain discount after purchasing BC. In addition, you can give priority to experience some new functions and have exclusive activities. With the continuous expansion of money manager business, BC will also undertake the function of legal money circulation. Users with BC can purchase cryptocurrency without handling charge and without the influence of block confirmation speed, and further enjoy platform dividends and share platform profits
in a word, whether BC can rise or not depends on the earning power of money manager platform. Money manager can stand out from many competitors and maintain stable user growth every day, relying on good user experience, excellent exchange currency, professional and responsible customer service attitude and maximum dividend mode. With the increase of transaction volume and profit of money manager platform, there is no doubt that BC will rise in the future. According to the current development trend of money manager, 100 times BC is not impossible
2018! The 10th anniversary of Nakamoto's white paper! Opened a new world, 1994? What do you mean? God founded Ethereum in 2013. Zhao CHANGPENG, the founder of coin an, entered Hurun's first digital currency rich list with us $1.1-2 billion, ranking third in the world. Guan Jianshi, Zhao spent 160 days! There are many examples of ordinary Baishi making millions with one or two million in 2017! In 2017, currencies with a rise of less than 30 times are listed as substandard currencies! In 2018, almost all the big and medium sized Internet giants will enter the block chain. Even today, we believe that digital money is a tulip bubble friend (such as Buffett and Lang Xianping). Go home and write a review and burn it to me. If you want to make one or two hundred times in 2018, please pay attention to me, because I trust my dream to you, for fear that you will not receive enough mana
now let's talk about the promising digital currency in 2018:
< img SRC=“ //www.yuanxue365.com/en/img_9213b07eca806538cb8204909bdda144ac3482cd "/ >1. Bitcoin: don't doubt that you can buy bitcoin at the current price. Of course, there are some ups and downs in a few days. From the end of 2017 to now, bitcoin has dropped by about 60%, which is just the opportunity to enter, Many people think that bitcoin is a proct of energy consumption without any value. I tell you, when bitcoin falls, almost all other currencies are falling, which indicates that bitcoin's price is the wind vane of other currencies. Bitcoin enters into futures trading and has a short mechanism. Then bitcoin plummets. The reason is that it is forbidden or supervised by a certain country, which is just like pulling a calf, We should not think that short selling is a bad thing. With a short selling mechanism, the real price of goods can be reflected, and the risk is relatively small. But if you want to earn dozens of times by buying bitcoin, it's possible, but now you'd better wash and sleep
Ethereum and the top 40 currencies: just one word: the average growth of these currencies will definitely exceed that of bitcoin3. Currencies to be listed or not to be listed soon: if you want to make a hundred times profit in 2018, you must focus on those currencies to be listed or not to be listed soon. With the experience of 2017, the success rate is only 5% - 8%! Very low! But if you invest 10 kinds of money, one of them will increase 100 times, and the others will become rubbish, and the income will be 10 times of the investment! To improve the success rate is what you need to do. Say white point and find valuable currency. Don't believe that XX currency will circulate in the future. Facts have proved that if the total amount of digital currency is constant, human beings will inevitably enter the era of deflation. If the total amount of digital currency is not constant, almost all of them are enterprise currency and have no value! The currency, which was listed soon in 2018, is more optimistic about EOS because it has a great opportunity to get started after the price falls, and the domestic market is more optimistic than the original chain and gongxinbao. After reading the form below, don't feel sorry for those who didn't participate. There are plenty of opportunities in the future
we must make it clear that if we want to increase 100 times, it is definitely not the most famous and mainstream currencies, but those with huge development potential and the current currency price is far undervalued. Centennial is most likely to appear among the tokens with a unit price of 0.01-2 yuan. For the token that will be listed soon, dig out the background of this coin and invest in its value
in the end, if you want to earn 100 times in 2018, just pay attention to me! If you don't believe me, pay attention to me and witness together
reason 1: the cost of mining bitcoin may be further increased
bitcoin is deflationary in nature, which means that the proction of bitcoin will decrease over time. The key is that in the near future, the return of bitcoin mining will be reced from 25 bitcoin to 12.5 bitcoin
the price halving will take place when the 420000th block of bitcoin is g up, which is likely to come in the next few weeks. We don't know how market prices will be affected at that time, but several news reports say that the price surge in the past week may be partly e to the imminent pressure of reced mineral supply< The second reason is that the public's interest in bitcoin has been rekindled by the speculation on the new e-currency.
Ethereum, as a blockchain technology, has been strongly supported by banks and VCs, and has been talked about a lot by experts in science and technology circles. In short, many people think that Ethereum is faster and more reliable than bitcoin, and may even replace bitcoin as a better electronic currency
the emergence of competitors is of course bad news for bitcoin. However, an article on the quartz website assumes that the rise in the price of Ethereum may in turn stimulate the price of bitcoin. But so far, there is no evidence that there is a strong correlation between the two e-money prices
the third reason: China, China, China
China seems to be the most convincing reason behind the soaring price of bitcoin The Wall Street Journal said:
at present, about 92% of the global bitcoin transactions are completed on huobi.com and okcoin, two Chinese bitcoin trading platforms. The rise in bitcoin prices over the weekend may be just the latest sign that Chinese investors are shifting money between different assets in search of higher returns
China's economic situation has influenced the fluctuations of bitcoin in the past. Therefore, we have reason to believe that this round of inflation is also related to China
at the same time, experts also mentioned the Chinese investor effect in their comments on reddit and twitter, and they think that this effect may not last long. If it turns out that the buying frenzy of bitcoin is just a passing stop for asset transfer to other forms, the current crazy situation will end.