区块链的tps,tit区块链

区块链是一种分布式的、去中心化的数据库技术，它可以用来记录任何形式的交易，包括金融交易、科技交易等。它的最大特点就是它的安全性，因为数据可以在多个节点上同时存储，如果有人想要篡改数据，那么他就必须同时篡改所有节点上的数据，这是几乎不可能的。

Tit区块链是一种新型的区块链技术，它具有更高的安全性和可扩展性，并且具有极高的交易处理能力，即TPS（每秒交易处理能力）。Tit区块链拥有专有的智能合约系统，可以实现更加安全、可靠、高效的交易，而且可以支持更多的应用场景，比如金融、供应链等。

Tit区块链的TPS是其最大的优势之一，它可以支持每秒数千笔交易，这是其他类型的区块链所无法比拟的。Tit区块链的TPS能力是由它的独特的技术架构支持的，它可以支持大量的并发交易，而不会影响交易的安全性和可靠性。

Tit区块链的另一个优势是它的可扩展性，它可以根据需要支持更多的交易处理能力，而不会影响系统的性能和可靠性。Tit区块链的智能合约系统也可以支持更多的应用场景，比如金融、供应链等。

Tit区块链的技术特性使它成为未来区块链应用的有力支撑，它可以提供更高的安全性、可靠性和可扩展性，并且可以支持每秒数千笔交易，支持多种应用场景，是未来区块链应用的有力支撑。

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1. China Mobile proposes 8 core elements of "ABCDNETS" for computing power network integration. What elements does T stand for?

China Mobile proposes 8 core elements of "ABCDNETS" for computing power network integration. The core elements, where T stands for terminal, the full name (Terminal).
1. Cloud and Edge together constitute a multi-layered ubiquitous computing architecture.
2. On the basis of providing computing power and network, the computing power network needs to integrate rich technical elements to provide users with integrated services that integrate multiple elements.

2. Ultra-detailed collection of blockchain and cryptocurrency industry terms (recommended collection)

Bitcoin Glossary: ​​Every blockchain and cryptocurrency phrase you need to know< /p>

Despite the difficulties, blockchain technology has become mainstream. Bitcoin has become a household word, with financial institutions around the world investing in the cryptocurrency or allowing their clients to do so. At the same time, NFT has attracted the participation and appreciation of celebrities from all walks of life.

But despite this, blockchain technology remains very mysterious. Only talented engineers - many of whom were early adopters of cryptocurrencies like Bitcoin and Ethereum - can truly understand this, while it can still be difficult for laypeople.

Below is a glossary of blockchain terms you may find useful. (All phrases in alphabetical order)

Airdrop

An airdrop is when a company drops a cryptocurrency or NFT directly into your wallet. Instead of an IPO, the blockchain service will launch tokens and airdrop them to users who have used the service. There are several reasons for this: it could be pure marketing, as the airdrop raises awareness of the tokens people can invest in, or it could provide governance tokens for the DAO.

A recent example: the Ethereum Name Service allows users to change their wallet number to a wallet name (such as CNET.eth). Last December, it launched its own ENS token, airdropping a certain amount to everyone who uses the service. The more people use the Ethereum name service, the more tokens they get airdropped — worth tens of thousands of dollars in some cases.

Altcoin

Any cryptocurrency that is not Bitcoin or Ethereum is called an Altcoin. Sometimes called "shitcoins."

Binance

The world's largest cryptocurrency exchange, where people buy and trade cryptocurrencies. it isUnder investigation by the U.S. Department of Justice and the Internal Revenue Service for tax evasion and money laundering.

Blockchain

Blockchain is a "distributed database". Simply put, it is a decentralized ledger that records information in digital “blocks.” Once a block is mined and added to the chain, it cannot be changed, so the blockchain provides a public record of unchangeable data.

There are many different blockchains with varying degrees of decentralization, efficiency, and security. Many people have their own cryptocurrencies - for example, Ethereum is a cryptocurrency built on the Ethereum blockchain.

Bitcoin

Bitcoin is the first cryptocurrency, built on the Bitcoin blockchain. It was created in 2009 by a person or group of people under the pseudonym Satoshi Nakamoto. Only 21 million pieces can be minted, of which approximately 18.9 million are already in circulation.

Burning

Cryptocurrency is "burned" by sending to a wallet that can only receive but not send. Burning mechanisms are often used to create a deflationary effect: the fewer tokens in circulation, the scarcer the tokens held by investors.

Buy the dip

This refers to buying more of an asset after its price has fallen. For example, if the price drops by $10,000, a Bitcoin holder might “buy the dip.”

Cold Wallet

A cryptocurrency wallet that is not connected to the Internet. These wallets are safer and less susceptible to scams.

Cross-chain

The ability to send data, tokens or assets from one blockchain to another. This is different from “multi-chain” services that are built to work on multiple blockchains.

Cryptography

A form of information encryption in which data can only be decrypted using a key. Blockchains using a proof-of-work protocol rely on solving extremely complex cryptographic puzzles in order to mine and verify new blocks.

Cryptocurrency

Cryptocurrency is a token native to the blockchain. Cryptocurrencies are typically minted with each new block mined. For example, every time a new Ethereum block is mined, twoEther as compensation for miners.

A cryptocurrency is a token. Their birth is their defining factor: other tokens are created using platforms and applications built on top of the blockchain, while cryptocurrencies are built into the blockchain’s protocol.

Decentralized Applications (Dapps)

Abbreviation for Decentralized Applications.

Dao (DAO)

A decentralized autonomous organization. The DAO is an organization that makes decisions through consensus: all holders of governance tokens receive voting rights in organizational decisions, and the solution with the most votes is the DAO's action plan. Imagine a decentralized investment bank, but instead of fund managers making investment decisions, holders of their governance tokens vote on how to invest the funds in their treasury.

Decentralized exchange

Decentralized exchanges are used to buy and trade cryptocurrencies. Unlike typical exchanges, these exchanges use peer-to-peer trading that bypasses any centralized authority. These include Uniswap and Sushiswap.

Decentralized Finance (DeFi)

Abbreviation of "decentralized finance". DeFi is any financial instrument that uses blockchain technology to bypass centralized institutions, such as smart contracts or DAOs.

Diamond Hands

A diamond hand is a person who holds financial assets for the long term or during periods of price volatility.

DYOR

Abbreviation for "Do Your Own Research".

Ethereum (ETH)

A cryptocurrency mined on the Ethereum blockchain. Ethereum has a market capitalization second only to Bitcoin, but is a more commonly used cryptocurrency. Most altcoins are also built on Ethereum and are therefore pegged to Ethereum. Most NFTs are also built on Ethereum, which is why Ether is the primary token used in NFT transactions.

Ethereum

A blockchain that competes with Bitcoin. It aims to take the blockchain technology pioneered by Bitcoin developers and use it for more complex financial instruments such as smart contractsabout .

Flash loan

Flash loan is a DeFi tool that allows loans to be made without collateral. Flash loans allow you to borrow money to buy an asset, but only if you can buy the asset and repay the interest within the same block. Imagine using a loan to purchase a $1 million house, but the loan will only be approved if you have lined up another buyer who is willing to pay enough for you to repay the loan plus interest.

These loans use smart contract technology.

FUD

Abbreviation for "fear, uncertainty and doubt". This could be legitimate, such as people expressing concerns about the safety or legality or safety of a token or NFT project, such as an organized move to encourage people to sell, lowering the price of an asset.

Gas

Gas is the price you pay to use the Ethereum network. Each transaction requires a gas fee, which depends on how overloaded the blockchain is. Prices typically range from $50 to $500 per transaction, but prices can spike when the network is under heavy load.

Governance token

Governance tokens are cryptocurrencies that give their owners voting rights on a given project. See also: DAO.

GWEI

The cost of gas is expressed in GWEI. As a rough guide, when gwei is below 50, gas will be cheap, and when gwei is above 100, gas will be expensive.

HODL

An intentional misspelling of "hold" used to encourage people to hold their coins during price drops.

Layer 1 and Layer 2

If you dabble in cryptocurrency, you will have heard of Layer 1 and Layer 2 solutions. Layer 1 is the blockchain architecture itself, while Layer 2 refers to the architecture built on top of the blockchain.

For example, take the high gas cost problem of Ethereum as an example. Layer 1 solutions are to make the Ethereum blockchain more efficient, for example by adopting a proof-of-stake protocol. An example of a Layer 2 solution is Immutible X, an exchange built on Ethereum that uses smartContract technology allows for gas-free, carbon-neutral transactions.

Liquid Market

A liquid market is a market with a large number of buyers and sellers, which allows buy and sell orders to be completed almost immediately. Cryptocurrency markets are liquid, NFT markets are not. Most legal cryptocurrencies can be bought and sold at any time, as NFT traders are required to list items for sale in the hope that buyers will purchase them manually.

Mainnet

A blockchain protocol for public use will be put into the mainnet. This distinguishes it from a testnet, which is more like a beta release of a blockchain protocol.

Memecoins

Many cryptocurrencies are designed to provide utility or services. Memecoins offer no practical prospects and exist purely as speculative assets. Dogecoin is the most well-known, but there are many, many more.

MetaMask

A browser-based online digital wallet, mainly used on the Ethereum blockchain transaction.

Mining

Mining is the process of verifying transactions and adding blocks to the blockchain. This usually involves powerful computers solving complex password problems. Crucially, this is also how new cryptocurrencies are added into circulation.

Mining Rig

A powerful computer set up for the specific purpose of mining cryptocurrency.

Mining Farm

A warehouse (or room) of mining equipment that operates around the clock and is used to mine cryptocurrency.

Mint

On the blockchain, minting means verifying information and making it a block on the blockchain.

To "mint" an NFT means to purchase it from its creator during a public sale. The "mint price" is the price at which its creator sells it - for example the "mint price" of Bored Ape Yacht Club is 0.08 Ether. After all NFTs in a collection have been minted, traders who want exposure to the collection need to purchase them from a secondary market like OpenSea.

Multi-chain

Designed for multipleBlockchain applications or services. This is different from cross-chain applications and services, which are designed to send data or assets from one blockchain to another.

MOON

A sharp surge in price is called "mooning" or "a moon". "To the moon" is a common phrase.

NFT

Non-fungible token. These are digital contracts that prove ownership of digital assets. Currently, they are associated with art, but NFTs can prove ownership of any number.

Off-Chain/On-chain

On-chain refers to things that exist on the blockchain, and off-chain refers to things that exist on the blockchain something other than something. Cryptocurrencies are on-chain currencies, and fiat currencies are off-chain currencies.

OpenSea

It is the largest NFT marketplace, specializing in Ethereum-based NFTs. (NFTs built on different blockchains are often sold on specialized marketplaces. For example, Solana NFTs are sold on Solanat.)

Play to Earn (P2E)

Play to Earn (P2E) games integrate blockchain and reward players with in-game cryptocurrency. Cryptocurrencies in these games can be exchanged for Bitcoin or Ethereum. The most prominent example is Axie Infinity, where players can earn Smooth Love Potion ($SLP).

Proof of Work

Proof of Work (POW) is a consensus mechanism by which blocks are added to the blockchain. Proof-of-work requires miners to solve complex cryptographic puzzles, which require large amounts of energy from powerful mining equipment, in order to verify new blockchain transactions.

Proof-of-work is a secure and decentralized consensus mechanism, but it is notoriously inefficient. This is how the Bitcoin and Ethereum blockchains work, although Ethereum will soon move to a more efficient Proof of Stake.

Proof of Stake

Faced with the huge energy demand of proof of work,Proof of Stake (POS) is a newer consensus mechanism that allows for more efficient block mining. Proof of Stake allows cryptocurrency holders to validate new blocks on the relevant blockchain.

They do this by staking their cryptocurrency. Network users stake their cryptocurrency, and if their stake is selected via a random algorithm, they have the opportunity to validate a new block – for which they are rewarded in the form of more cryptocurrency. The more cryptocurrencies are staked, the greater the chance that users will be selected to validate new blocks.

Proof-of-work rewards those who expend the most computing power to solve cryptographic puzzles, while proof-of-stake rewards those who have invested in the cryptocurrency for the long term.

Pump and dump (Pump and mp)

Pump and dump schemes involve artificial incentives for a product, causing people to buy it and raising its price. The pump-and-dump coordinators then sell their assets at inflated prices, causing prices to fall sharply.

These exist in traditional markets but are more common in cryptocurrency trading because the low liquidity of micro-cap cryptocurrencies makes their prices easier to manipulate.

Rug pull

A rug pull is when the creator of a cryptocurrency disappears, taking the funds with them. A recent example is the counterfeit Squid Game coins, although these coins are far from rare. “Carpet” is essentially shorthand for “scam.”

Satoshi Nakamoto

A pseudonym for the creator of Bitcoin. The white paper explaining the need for decentralized finance and explaining how Bitcoin works was signed by Satoshi Nakamoto, but no one knows who the real person was. It is speculated that Satoshi Nakamoto was actually several people.

Seed Phrase

When you create a cryptocurrency wallet, you are given a 12-word seed phrase . Every time you log into your wallet on a new device, you will need to use a mnemonic phrase. Never give your mnemonic phrase to anyone.

Sharding

Sharding distributes the network load on the blockchain, allowing more transactions to be processed per second. This sounds boring, but it's very important. Ethereum will integrate sharding next year, which will make using it cheaper and less damaging to the environment.

Shitcoin

Shitcoin is a currency that does not provide any utilityof altcoins, whether memecoins or invalid altcoins.

Silk Road

Silk Road was an online black market that was shut down by the FBI in 2013. This is where many people are first exposed to cryptocurrency, as Bitcoin is a popular payment method for illegal goods on the site.

Smart contract

A smart contract is a digital contract that executes itself when required conditions are met. For example, if Wallet X sends 0.08 ether to Wallet Y, Wallet Y sends NFT Z to Wallet X. They are most commonly used for automated trading, but can also be used for more complex purposes, such as quick loans.

Stable coin

Stablecoin is a cryptocurrency pegged to the US dollar. These include Tether and USDC. Their purpose is to allow cryptocurrency traders to keep their coins within the crypto ecosystem without experiencing the volatility of Bitcoin and Ethereum price fluctuations.

Staking

Equity staking is to lock the funds held in the cryptocurrency wallet to support the operation of the blockchain network. Essentially, it involves locking up cryptocurrency to earn rewards. In most cases, the process requires users to participate in blockchain activities using a personal crypto wallet.

The concept of equity staking is closely related to the Proof of Stake (PoS) mechanism. It is used in many other blockchain systems based on PoS or similar.

TLT

Abbreviation for "think long term".

Token

Tokens are various forms of blockchain assets. A cryptocurrency like Bitcoin is a type of token. Other types include governance tokens , which grant holders voting rights in a DAO or service, or utility tokens , which grant access to services based on the number of tokens held.

TXN

Abbreviation for transaction.

Utility Token

A token designed to provide a certain function. These can be for applications, services or gamesAccess. Examples include Filecoin, which grants access to blockchain-based digital storage, and Link, which connects smart contracts for off-chain type data.

Vanity Address

Personalized wallet addresses provided by companies such as Ethereum Name Service. It allows you to change your wallet address to a word or phrase of your choice, such as CNET.eth.

Vaporware

Products that were promised but never actually made it to market. The term became popular in the late 1990s with the original dot-com boom and has seen a revival thanks to shady cryptocurrency creators.

Vitalik Buterin

The creator behind the Ethereum blockchain.

Wallet

A cryptocurrency wallet is a place where you can store cryptocurrencies and NFTs. These wallets can be hot or cold wallets – i.e. browser wallets connected to the internet or physical hardware not connected to the internet. Wallets are read-write, which means they can receive information as well as signatures or online IDs.

Web 3

Web3 is the next iteration of the Internet imagined by blockchain enthusiasts. From the invention of the Internet until around 2005, Web1 was the read-only Internet. Web2 refers to the emergence of users being able to produce content and upload it to the Internet. Web3 will be an Internet integrated with blockchain. Imagine owning your social media posts as NFTs, using a cryptocurrency like Ethereum as a universal currency, and having your wallet as a form of ID rather than an email/password combination.

Whale

A person who holds a large amount of cryptocurrency.

Whitelist

Pre-sale list of cryptocurrencies and NFTs. Whitelisted investors can purchase assets ahead of a public offering, sometimes at a discount.

WAGMI

Abbreviation for "we're all going to make it".

3. What is tbcc?

tbcc is a digital cryptocurrency. adopted by tbccWhat is more, the technology of blockchain and the decentralized trading method allow investors to conduct transactions freely regardless of designated places and time. This kind of digital cryptocurrency has a common function, which is blockchain technology. Blockchain is a term in the field of information technology, that is, a shared database. It is this technology that makes digital cryptocurrency open and transparent and cannot be manipulated by humans.

Introduction to blockchain

Blockchain mainly originated from Bitcoin and was widely used after the birth of Bitcoin on January 3, 2009. Blockchain technology has the characteristics of being unforgeable, leaving traces throughout the process, being traceable, and being open and transparent. It is these characteristics that give digital cryptocurrency a good space for development and attract the attention of investors. For example, since Bitcoin was officially issued, its digital currency has been very rigorous and rare due to its scarce total amount and the production of a large number of specific algorithms. Since the issuance of Bitcoin has had a very good effect, new digital currencies such as Ethereum and Tether have begun to appear one after another.

4. What do the C and T in the game coin pusher mean?

Core heroes and tank heroes.
1. C is the abbreviation of CARRY. CARRY means core, so C can be understood as the core hero in the game coin pusher. This kind of hero has excellent GANK ability in the coin pusher and can make one's own side A hero on his way to victory.
2. T is the abbreviation of TANK. TANK means tank, so T can be understood as a human shield hero in the game coin pusher. The function of this hero in the game coin pusher is to attract firepower and rush. The array creates an output environment for one's own side.

5. Zihang talks about currency: Newbies in the currency circle don’t even know what “blockchain” is

First of all, I believe that before everyone understands blockchain, You’ve heard of Bitcoin first, right? Because we all know that the first people to hold Bitcoin made money!

But one point of view is wrong: What point of view? Many people believe that Bitcoin is the blockchain. In fact, Bitcoin is just a type of blockchain asset, and it is the earliest blockchain asset. The concept of blockchain comes from Bitcoin. The reason why Bitcoin can be so arrogant and exist independently without relying on any organizational structure is because the bottom layer is supported by blockchain technology.

Just like our mobile phones can run, the bottom layer is supported by Android or ios system. So what kind of technology is blockchain? Why is it so powerful? Can make Bitcoin so valuable! The English name of blockchain is block chain, and block means block. You can imagine that if you fall or bump into something, you may have bruises, right? The blocks in the blockchain contain some A data block of transaction information, something, there may be bruises on itNo, the blocks in the blockchain contain data blocks of transaction information, and the chains in the blockchain connect the data blocks. This is like a big ledger. All people who use this blockchain ledger, You can directly query any transaction information arranged in order, and it is difficult to tamper with. So how does it do it?

Let’s give a simple example based on local materials: There are now a total of 100 readers, who are linked through the Internet to form a blockchain network system. Please pay attention! We are not reading this article now, but a blockchain network system. In this system, I ask one of the people, say this person is called panda, to borrow 10 yuan, and then panda transfers the 10 yuan to me in the network system. Then my account or wallet increased by 10 yuan. As for panda, who lent money to Bibi, his account lost 10 yuan. After this transaction is completed, other people in our blockchain network system, after seeing it, will take a small notebook and record the matter. My account will increase by 10 yuan, and panda's account will decrease by 10 yuan.

That’s not right, then what are you doing when you are full and have nothing to do? Why should we record these small and medium-sized "bad things"? It’s because the network system will pay wages to those who participate in recording. As long as she records it once, the system will automatically reward tokens that are common in the network system. As long as there is money, everyone is willing to do anything. In reality, there are actually countless individuals in a blockchain system, which means that our group not only has only 13 people, but they don’t know each other yet, but they can all communicate with each other on the system chain and record them in the blockchain in order. For this transaction in the network, if one day I want to default on the debt and no longer plan to pay back 10 yuan to panda, then I must convince more than 51% of the people in the blockchain network system to delete this record or tamper.

If it were replaced by real-world computing power, it would be almost impossible and would require huge costs. This is the characteristic of blockchain technology - decentralized collaboration, transaction data is difficult to tamper with, and transaction information is transparent and queryable. Its main function is to solve two problems that are difficult to solve on the Internet - one is trust and the other is value transfer.

The so-called trust, according to the above scenario, is that I may default on the loan and take the money and run away; the value transfer is: my borrowing account should increase by 10 yuan, while the panda account becomes -10 Yuan money exchange. Then we may have questions again, isn't Alipay and WeChat payment solved now? Wouldn’t it be enough to just confirm the account and transfer the money directly and send a red envelope? Yes, Alibaba and Tencent exist based on solving these two problems. but! Thinking about it from another perspective, if a mere blockchain technology can solve these two problems now, then can large and complex institutions like Alibaba and Tencent be able to solve these two problems?Have you given up?

Rebuilding a new network system to apply it to more fields is on the way.

Because, the final conclusion is: this technology builds the value of Bitcoin, then this technical logic can also be used in many other fields. Maybe one day you will be happy to discover - Huh? I am now using a product from a certain blockchain technology company! ? Just like many years ago, one day you unknowingly used QQ and started to learn to watch videos and play games online. Having said that, what does it mean that Bitcoin is an early asset of the blockchain? Why does it add value? According to the scenario mentioned above, the so-called tokens are the tokens issued by the system to everyone in the group by participating in accounting. These tokens are blockchain assets. (The behavior of everyone participating in bookkeeping is commonly known as mining.) Bitcoin itself is the value token of the Bitcoin blockchain network system

Then why is it Will it add value? Because its quantity is limited, the number of issuances is determined at one time from the beginning of the establishment of the network system and will never be issued additionally.

So, in the future, the more people participate in accounting in a certain blockchain network, the number of people who get it will gradually decrease, and value-added will become inevitable. This is like Alibaba's early stocks. After the Alipay application is launched, the more people participate in using it, the more it is needed, and Alibaba's stocks will inevitably increase in value.

Of course, there are currently many projects applying blockchain technology, but most of them have not found a landing scenario. However, the more people believe that a project created using blockchain technology will be used in the future. If necessary, the price of the tokens of this project will be pushed up. Therefore, there are far more investment opportunities in blockchain assets than in the ordinary stock market. If you invest in a value project, then it may skyrocket to over 130,000 per Bitcoin a few years ago, to a little over 40,000 now. In other words, you don’t need to consider any investment opportunities in other varieties. A few years ago, if you bought Bitcoin with your eyes closed and then ignored it and just went about your own business, the return on this investment would be 100 times in one year.

Profit! How much is that right? The opportunities in this industry are far more than these. Almost all currencies will have the opportunity to rise or fall sharply, but this range of rise and fall is not like the 10% daily limit in stocks. Blockchain assets disappear from trading around the world 24 hours a day, and It is T+0, and there is no limit on the increase or decrease. The price of any variety is completely affected by the limit on the increase or decrease and the pursuit of funds. Most varieties have experienced an increase of more than 100% throughout the year. High This kind of investment opportunity is also difficult to find in other markets.

The currency circle is like Tai Chi. Only when one is in a state of tranquility can one feel the opponent's movements in the push hand for the first time.Strength and intention. What I felt at the time was that only by clearing myself could I receive information to the greatest extent and fastest, and make correct judgments and responses. The same is true in the currency circle.

This material is for learning reference only and does not constitute buying or selling advice. Buy and sell based on it at your own risk!

6. What is the meaning of "T" often said in the stock market? Can you explain it to me in detail?

"T" means that you already hold the stock that you want to do T. The stock first fell and then rose on the day it was made. Investors bought it at a low level and then sold the stocks they originally owned while it was rising. In this way, the purpose of making money was achieved and the cost was reduced.

The following two situations are called T:

1. If you have funds in hand and the market opens down that day, you can buy at a low price and wait for the stock to rise. Finally, sell the original chips so that the total number of shares held remains unchanged.

2. If the market opens up that day and is expected to dive during the session, you can sell some stocks at a high price first and then buy them back (buy) when the price drops. Still remains the same.

The Chinese stock market is wandering between T+0 and T+1:

In May 1992, the Shanghai Stock Exchange implemented T+0 trading after canceling the price limit. rule.

In November 1993, the Shenzhen Stock Exchange also canceled T+1 and implemented T+0.

In 1995, based on the consideration of preventing stock market risks, A-share and fund transactions in the Shanghai and Shenzhen stock exchanges were changed from the T+0 reversal trading method back to the T+1 settlement system, which has been used to this day.

In February 2001, the B-share markets of the Shanghai and Shenzhen Stock Exchanges were liberalized, and the T+0 reversal trading method was still implemented. In this way, when mainland investors trade A and B shares in the Shanghai and Shenzhen stock markets, they execute two settlement modes: T+0 and T+1 respectively. Therefore, some people suggest that the two cities should unify this system as soon as possible.

In December 2001, the B shares of Shanghai and Shenzhen Stock Exchanges were adjusted from T+0 to T+1. At the same time, the convertible bond trading system was adjusted from T+1 to T+0. Article 106 of the "Securities Law" also clearly stipulates: "Securities purchased by a securities company on a commissioned or self-operated basis may not be sold on the same day." From a legal perspective, this stipulates that transactions in my country’s stock market adopt the T+1 method.

(6) What does T mean in the blockchain? Extended reading:

Regulatory agencies and securities firms conduct research on investor trading behavior in different types of accounts. Specifications:

1. T+0 transactions in cash accounts

The minimum capital requirements for opening a cash account are low, and the total account value is generally less than 2,000 US dollars, so the cash account is suitable for novice investors Or investors who don’t want to make complicated transactions. Reversal transactions in cash accounts are subject to the strictest regulatory restrictions. If you operate improperly, you may face account freezing.

Generally speaking, a cash account can only use the funds to conduct another transaction after the previous transaction has been completed. nowThe reversal transaction of the gold account involves two violations, "free riding" and "integrity violation". The difference between the two is whether there are enough funds in the investor's account to repay the first purchase transaction.

For example, in a cash account, if an investor uses funds that have been delivered to buy stock XYZ on Monday, stock XYZ will be delivered on Wednesday. Regardless of whether the stock has been delivered, the investor can sell stock XYZ at any time (no violation).

On Monday, the investor sold stock XYZ and used the funds from selling stock XYZ to buy stock UVW (which was also illegal), but the investor sold the UVW stock before delivery on Wednesday. If it is sold, this behavior will be judged as a violation.

If at this time, there is sufficient balance in the investor's account or sufficient funds are subsequently added to repay the UVW purchase transaction, it will be judged as a "Good Faith Violation", and each investor can You are allowed to have up to 3 "integrity violation operations" in 12 consecutive months. When the account occurs for the fourth "integrity violation operation", the account will face a 90-day freeze;

If there is not enough replenishment Funds used to repay the first purchase transaction are a "Free Riding Violation" violation, and the investor's account will directly face a 90-day freeze.

2. T+0 transactions of credit accounts

The minimum opening capital requirements for credit accounts are higher than those for cash accounts. Generally speaking, the minimum deposit requirement for this type of account is US$2,000.

Because the previous U.S. stock margin system could not effectively prevent the risks involved in certain reversal trading models, it also led to some bad business behaviors, such as using funds from other accounts as margins and incorrectly placing the funds before conducting reversal transactions. Check whether the customer has sufficient financial ability to engage in reversal transactions, etc.

On August 27 and September 28, 2001, the New York Stock Exchange and Nasdaq respectively revised the provisions on reversal transactions in their respective rules (NASDAQ Rule 2520 and NYSE Rule 431), and made it clear A concept closely related to swing trading is introduced, namely "Pattern Day Traders".

(According to NYSE Rule 431 and NASDAQ Rule 2520, Day Trading is defined as: using a credit account to buy and then sell the same security on the same trading day, or to sell first and then buy the same security.)

When the total value of an investor’s credit account exceeds US$2,000 but is less than US$25,000, there are three intraday reversal trading opportunities within five trading days. If it exceeds 3 times, the account will be prohibited from trading until the funds are delivered. After the funds are delivered, it will automatically be converted to a full settlement similar to a cash account, and the cash account status will be maintained for 90 days. Re-apply after 90 days.Become a credit trading account.

When the total value of an investor's account exceeds US$25,000, if the investor conducts more than 3 intraday reversal transactions in his credit account within 5 trading days, and within these 5 trading days, the reversal If the number of transactions accounts for more than 6% of the total number of transactions, the account will be classified as a typical intraday swing trader, and the investor's account net value is required to remain above $25,000.

Reference source: Internet-T stock