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1. Is ADC mining gone?

"ADC mining" is an online pyramid scheme, and the relevant suspects have been arrested by the police.

On August 29, 2018, the police in Jian'an District, Xuchang City, Henan Province destroyed a very large online MLM gang, namely Hangzhou I Am a Clown Network Technology Co., Ltd., which was suspected of "ADC mining" online MLM. The picture shows the scene when the police went to Jinhua, Zhejiang to seize the cash involved in the case.

What the police did not expect was that the criminal suspect bought a villa worth tens of millions of dollars specifically to hide illegal gains. The police seized as much as 1.3 billion yuan in cash at the scene.

Hangzhou I Am a Clown Network Technology Co., Ltd. first launched "IAC". Members join through the recommendation registration system, set a certain entry threshold, and form a fixed relationship based on the recommendation relationship. The up-and-downline relationship is based on virtual seeds as the object of membership transactions, and the number of direct or indirect development personnel is used as the basis for membership level promotion and remuneration rebates.

In June 2018, the IAC scam was exposed, and the IAC official team announced that it would transform ADC into a new mining model. ADC claimed to be a global advertising communication system, and mining was an operation developed by ADC based on blockchain technology. The system continues to use the new coat of virtual currency to come back online.

(1)adc blockchain background extended reading:

IAC is the abbreviation of "I AM CLOWN", which claims to help everyone A platform for ordinary clowns to realize their dreams of creating wealth is ultimately nothing more than a pyramid scheme for their own benefit.

According to the "Regulations on Prohibition of Pyramid Selling" of the State Council, "The following behaviors are classified as pyramid schemes: the organizer or operator requires the persons being developed to pay fees through the development of personnel, or pays fees in disguised form by subscribing for goods, etc., to obtain membership. Or develop the qualifications of other personnel to join and seek illegal benefits."

The police remind everyone to invest carefully and pay attention to risks.

2. What is the background of blockchain?

Transactions on the traditional Internet require the use of trusted third-party institutions to process electronic payment information, and both parties to the transaction trust the third-party institutions. . (Taobao buyer - Taobao platform - Taobao seller)
But third-party intervention also has many disadvantages:?
-High transaction costs (a certain handling fee is charged)?
-Exposed privacy (third parties in order to verify information , need to provide information on both parties to the transaction)?
-…
Imagine if the third-party institution is removed and the two parties trade directly, how can we ensure that the transaction is effective? The emergence of blockchain technology is to solve such problems. Blockchain is a mechanism based on cryptography principles rather than trust, allowing both parties to reach an agreement to directly trade and publish it to all witnesses.

3. What is the development trend of blockchain and the future development trend of blockchain?

Dual-level drivers of policy and marketThe development prospects of the blockchain industry are broad
Driven by both policy and market, China’s blockchain-related industries are expected to move from virtual reality to reality
In the context of the rapid development of blockchain, China is adapting to the needs of globalization and is closely following the needs of globalization. Follow the international pace and actively promote the research, standardization and industrialization development of domestic blockchain-related fields. Compared with the background of increasingly strict supervision of digital currencies such as Bitcoin, support and encouragement for blockchain technology has reached a global consensus, and domestic blockchain technology will also receive national and local policies in the next few years. support. Driven by the dual layers of policy and market, blockchain-related industries are expected to move from reality to reality, and blockchain technology will accelerate the exploration of possible application scenarios.
Forecast of global blockchain market size
According to the "In-depth Analysis Report on Business Model Innovation and Investment Opportunities in the Blockchain Industry" released by the Qianzhan Industry Research Institute, the global blockchain market size is expected to increase from 2017 to 2017. It will increase from US$411.5 million in 2022 to US$7.6837 billion in 2022, equivalent to a compound annual growth rate of 79.6%. Given the wide range of applications for distributed ledgers and the rising market value of cryptocurrencies, there is a strong need to improve transparency, security, efficiency and streamline processes, as well as blockchain as a service (
BaaS). As a hot topic of development, the blockchain market will expand rapidly. In addition, communication services, international trade, supply chain management, program platforms, payments, smart contracts, digital identity verification, etc. also urgently need blockchain technology and will create a large number of growth opportunities.
Blockchain, as an integrated application of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other technologies, has become a hot topic of research and discussion by international organizations such as the United Nations and the International Monetary Fund as well as many national governments in recent years. The industry has also increased investment. At present, the application of blockchain has extended to many fields such as the Internet of Things, intelligent manufacturing, supply chain management, and digital asset transactions, and will bring new opportunities to the development of new generation information technologies such as cloud computing, big data, and mobile Internet. , has the ability to trigger a new round of technological innovation and industrial change.
By 2022, the payment sector may occupy the largest share of the blockchain market
Relying on blockchain technology, instant payment of assets can be realized, which not only has the characteristics of non-tampering and digital identity verification, but also can provide Financial institutions and banks significantly save settlement costs. In addition, blockchain makes it possible to automate payments, eliminating the need for middlemen, saving labor costs and time for buyers and sellers. Thanks to the many advantages mentioned above, it is expected that the payment sector will be the most important segment in the entire blockchain market.
The fastest growing region will be Asia-Pacific
Blockchain service providers in the Asia-Pacific region are good at designing and developing user-friendly, cost-saving, and fast cryptocurrency platforms, extending blockchain to multiple Industry application tentacles. Both large enterprises and small and medium-sized enterprises are actively seeking venture financing and investing in the research and development of cutting-edge blockchain technology. In addition, the Asia-Pacific regionThe real estate industry in some countries is expected to rapidly transform from semi-transparent to fully transparent, which will also help enhance the development prospects of blockchain in the Asia-Pacific region.

4. What does blockchain mean and what applications does blockchain have in cross-border payments

Why is it said that the Internet era is coming to an end and the blockchain era is coming?

Once the blockchain develops, more innovations will burst out. Since the birth of Bitcoin, the first product of the blockchain, many innovations have been born. For example, small-amount cross-border payments, recording transfers between currencies, recording various stocks, registering house property rights, recording program codes, etc.

The steam age liberated social productivity, the electrical age revitalized social collaboration capabilities, and the Internet The era has connected the world together, and the blockchain era will allow us to truly achieve freedom.

5. What is the development background of blockchain?

Blockchain technology originated in 2008, and then in the past two years, the Internet has risen relatively. Currently, there are four domestic Feng Guodong, an outstanding engineer from Block Technology, led the business and had abundant funds to start the business.