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1. What is Ethereum/Ethereum

Ethereum (ETH) is a digital token of Ethereum, Ethereum and other digital currencies Likewise, you can buy and sell on the trading platform. However, due to the recent instability in currency prices, few people speculate in currencies now!
But you don’t have to only speculate to get the virtual currency ETH. You can also get it through mining. Salmon miners can quickly obtain Ethereum, so you can quickly understand what Ethereum is!

2. Blockchain, 4 types, how much do you know

——Hello, I am mentality, focusing on sharing my understanding of blockchain and investment thinking. hope this helps.

Based on different usage requirements and scenarios, blockchain is divided into 4 types: public chain, alliance chain, private chain and hybrid chain.

1. Public chain

Public chain means that anyone at any node in the world and at any geographical location can enter the system to read data, send transactions, and compete. Blockchain that participates in consensus such as accounting. No institution or individual can tamper with the data in it, so the public chain is completely decentralized.

Bitcoin and Ethereum are both representatives of public chains. Public chains generally encourage participants to compete for accounting (i.e. mining) by issuing tokens to ensure data security and consensus updates.

Bitcoin generates one block every 10 minutes on average, and its POW mechanism is difficult to shorten the block time. The POS mechanism can shorten the block time relatively speaking, but it is more likely to cause forks. So the transaction needs to wait for more confirmations before it is considered safe.

It is generally believed that a block in Bitcoin is secure enough after 6 confirmations, which takes about an hour. Such a confirmation speed is difficult to meet commercial-level applications. Therefore, public chains such as ETH and EOS that support more writing speeds are constantly developing.

2. Alliance chain

Alliance chain refers to a blockchain that is jointly participated and managed by several institutions, with each institution running N nodes.

The data of the alliance chain only allows different institutions in the system to read, write and trade. The PKI-based identity management system transactions or proposals are initiated through digital certificates and are verified by the joint signature of the participants. A consensus is reached, so there is no need for proof of work (POW), and there is no digital currency (token), which improves the efficiency of transaction completion and saves a lot of computing costs (computing hardware investment and electricity energy consumption).

Normally, nodes participating in the alliance chain will be divided into different read and write permissions, which can support more than 1,000 data writes per second.

3. Private chain

Private chain and public chain are completely decentralizedThe access rights to the private chain are controlled by an organization, and the participation qualifications of each node are authorized and controlled by the organization.

Since the participating nodes are limited and controllable, private chains often have fast processing speeds and can support more than 1,000 data writes per second, while reducing the transaction costs of internal nodes.

Nodes can participate under real names and therefore have financial attributes to confirm identity. The value of the private chain is mainly to provide a safe, traceable, non-tamperable, and automatically executed computing platform, which can prevent both internal and external security attacks or tampering of data, which is difficult to achieve in traditional systems.

The application scenarios of private chains are generally within enterprises, such as inventory management of branches, summary statistics of data from various places, etc. It can also be used in areas that can be supervised by the public, such as government budgeting and execution. Large financial groups are also currently inclined to use private chain technology.

4. Hybrid chain

When the respective advantages of public and private chains are combined, a hybrid chain will appear. The development of hybrid chains is difficult, but the prospects are broad.

In the future market, there will definitely be giant companies that develop underlying technologies and protocols. These giant companies will set up public chains, private chains or alliance chains for different purposes, based on performance and security. and the different needs of application scenarios, and then grafted on applications in different industries. For example, a communication public chain that supports high concurrency, a payment alliance chain that focuses on security, etc.

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3. What are the three major public chains of blockchain?

Public chain, the abbreviation of public chain, means that anyone in the world can read it, and anyone can send and trade transactions. A blockchain that can effectively confirm that anyone can participate in the consensus process.

1. The top three public chains in the world
BTC, ETH, and EOS (by market capitalization) are three heavyweight products, representing Blockchain 1.0, Blockchain 2.0 and Blockchain 3.0 respectively. Three stage.

1. Bitcoin BTC (Blockchain 1.0)
Bitcoin has emerged as a new type of digital currency and global payment network since its birth in 2009. BTC is also the most successful and mature application of blockchain. , now in many situations, BTC is much more famous than blockchain.

2. Ethereum ETH (Blockchain 2.0)
In layman’s terms, Ethereum is an open source platform digital currency and blockchain platform that provides developers with a platform to build and publish applications on the blockchain. . Ethereum can program, decentralize, guarantee, trade anything, vote domain names, financial exchanges, crowdfunding, company management contracts and most agreements, intellectual property, and hardware-integrated smart assets, etc..

3. Yuzu EOS (Blockchain 3.0)
EOS appears as an enterprise-level blockchain operating system based on Bitcoin and Ethereum, which is easier to use and more powerful than the former. EOS provides all application developers with many functions such as database account permission settings, execution scheduling authentication, and network communication.

2. The world's three major exchange public chains: Huobi Chain, Binance Chain, and OKEx Chain OKChain
1. Developed by Huobi Chain, the world's largest trading platform, Huobi Chain is An independently innovative supervised blockchain operating system for the financial field, based on blockchain global asset digitization and financial market infrastructure. At the same time, based on the consideration of injecting the long-term value of HT into a unified value carrier, HT will serve as the only underlying token of the Huobi public chain.
2. Developed by Binance, the world's second largest trading platform, Binance Chain started early in application and is currently mainly circulated on DEX and asset chains. Binance Chain is a digital asset creation and exchange platform, with BNB as the main chain token
3. Developed by OKEx, the world's third largest trading platform, OKChain is a more scalable, high-transaction processing capability trading and smart contract platform, OKChain Developed based on Cosmos-SDK, the consensus uses DPOS. OKB is the underlying token of the OKEx ecosystem.

4. Ethereum public chain block height

According to previous news, the Ethereum block height is now adjusted to 4730660! Ethereum is a brand new open area Blockchain platform, which allows anyone to build and use decentralized applications running on blockchain technology in the platform.
Just like Bitcoin, Ethereum is not controlled or owned by anyone - it is an open source project co-created by many people around the world. Unlike the Bitcoin protocol, Ethereum is designed to be very flexible and adaptable. It is very easy to create new applications on the Ethereum platform, and with the release of Homestead, anyone can safely use applications on the platform.
Ethereum is a programmable blockchain. Rather than giving users a series of preset operations, it allows users to create complex operations according to their own wishes. In this way, it can serve as a platform for many types of decentralized blockchain applications.