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Ⅰ Understanding Bitcoin

What is Bitcoin

Public understanding (What is Bitcoin?)

Most people understand: Bitcoin is a currency in which you can deposit/convert your money, increase or spend it in a short period of time, and can quickly increase in value similar to stocks and depreciation. This is how I understood it at first, but I finally understood it after asking my boss to do some popular science.

What we should know (What is Bitcoin?)

Bitcoin actually Cryptocurrency refers to a "digital currency" that works and functions like real currency, but does not have any physical presence and is completely digital. It does not involve paper, ink, or any traditional monetary requirements, but is "mined" or created using power software, and anyone and everyone with a powerful enough computer can contribute to and profit from the mining of Bitcoin. What makes Bitcoin revolutionary and future-proof though is that, unlike traditional currencies, it is not controlled by any one person, organization or basically anyone. Additionally, it is transparent yet anonymous, meaning you can verify every transaction done on the blockchain (which is the ledger that records every Bitcoin transaction), fees, confirmations, and everything else is transparent.

However, Bitcoin is anonymous because you can send, receive or use Bitcoin without revealing your identity. Bitcoin is only stored in the "wallet address" ” does not require a name, email, or any other requirement to use Bitcoin, so it cannot be taxed or have any connection to you personally. In short, it is a currency that can be used by anyone and everyone without any special requirements or waste of actual original product, and can remain anonymous at the same time.

To put it simply: Bitcoin is a purely digital virtual anonymous currency. The first public market transaction of Bitcoin was on the dark web.

II How does blockchain empower transactions

Blockchain technology itself is a distributed ledger technology, and its core features include decentralization, Cannot be tampered with, transparent, etc. These characteristics allow blockchain technology to be used to empower transactions. Here are a few examples:

Decentralized payment: With the help of blockchain technology, without any intermediaries, we can realize a global instant transfer method, making currency and virtual The asset trading process is more convenient, safe and reliable.

Smart contracts: Smart contracts are automated contracts based on the blockchain that can be executed without involving a third party.ensure trust between the two participants, thereby reducing operational costs and risks. Smart contracts have the advantages of faster, lower cost, and more accurate execution, making the transaction process more efficient.

Decentralized exchange: By using blockchain technology, a decentralized exchange can be established where participants can trade directly and control their own digital assets in the process, unlike traditional transactions. In comparison, it can avoid the possibility of third-party intervention and improve the transparency and security of transactions.

Digital identity verification: Blockchain technology can be used to establish a secure, decentralized identity verification system, which will help improve users’ trust in digital asset transactions and reduce the risk of fake accounts , improve safety.

In short, blockchain technology can empower the transaction side by providing faster, more convenient, and safer transaction methods.

III The block has been confirmed, has the transfer been successful?

No, it will take a while. Just wait.
Knowledge expansion:
Blockchain asset transfer is divided into three steps: proposal - block confirmation - account entry.
1. Proposal: The successful transfer means that the platform or wallet that withdraws the currency has performed the transfer operation;
2. Block confirmation: Complete the corresponding block confirmation. If there is congestion, delay, etc. in the block at that time, the digital assets will be delayed in being fully confirmed;
3. Account entry: After complete confirmation, the platform will complete the account entry as soon as possible.
If the blockchain transfer is not fully confirmed, please wait patiently. Only after confirmation can the platform credit it.
If the blockchain transfer is confirmed but the OKEx account has not been credited, please contact online customer service or submit a work order for processing.

IV What information and processes are required for exchanges on the ICO blockchain

ICO transactions are roughly divided into two parts, one is over-the-counter trading and the other is exchange trading

There are three ways to list on the exchange. The first is to vote for listing, the second is to invest in listing, and the third is to cooperate with project parties.

For exchanges, the more platform coins consumed by voting, the better; for project parties, it must be lower costs and greater user influence, the better; but for ordinary communities For users, the easier it is, the better.

What does the project party need?

The cost of project docking exchange:

The current popular Matcha exchange is generally 12-15 BTC,

Biki It is about 10 BTC with Gate exchange,

ZG exchange is 6-8 BTC,

2-5 BTC, there are many options to choose from, Leidun, ZBG , Fcoin, WBF and some other exchanges.

Fcoin, which is relatively cost-effective, is also a good choice. In the later stage, project parties can join forces with the platform to do activities, whether it is airdrops, IEO or otherAll can be discussed.

IV What is blockchain STO, how to register a US company for sec filing and compliance with laws

Application requirements for US companies

1. More than one person Company directors and shareholders (natural persons or legal persons without international restrictions);

2. Valid identity document (ID card or passport for those over 18 years old).

Materials required to register a U.S. company

1. Determine the name of the U.S. company (in English);

2. Provide scanned copies of ID cards or passports of directors and shareholders ;

3. Provide the English signature of the chairman;

4. Determine the share distribution ratio for shareholders of the American company.

Common types of registered companies in the United States

1. Inc. (INC): This is currently the most commonly used company form for Chinese companies to register companies in the United States, because it does not involve double taxation. You can buy and sell privately by yourself, and you can go public later. Companies including Apple and Zhubajie use the INC form;

2. Limited Liability Company (LLC): Most Chinese people choose to register a company in the United States to start a business. Register a limited liability company, because this type of company has a simple form, but is relatively expensive and complicated to file taxes, and requires a social security number SSN.

U.S. company registration process

1. Company name search (submit 1 most satisfactory name and 2 alternative names at the same time);

2. Sign the agreement (sign the agreement according to the terms negotiated by both parties);

3. Deliver the fee;

4. Sign the confirmation;

5. Government approval Process (Bajie will follow up with the government to complete relevant procedures throughout the entire foreign-related process);

6. The company is established (reply documents are filed, and company information is mailed).

A complete set of information after U.S. company registration is completed

1. Articles of Incorporation A registration document issued by the Secretary of State;

2. Minutes of the company’s establishment meeting ;

3. Articles of Association and rules and regulations stamped by the state government;

4. A set of legal meeting minutes;

5. Company seal (steel seal, strip);

6. 1 copy of the company’s stock account and 1 copy of the company’s stock;

7. 1 copy of the legal secretary card of the U.S. company;

8 .A list of US company documents;

9. A document box.