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A. Blockchain helps the supply chain. How to prevent intermediate nodes from cheating? Where does the intermediate data come from? Is it manually input by the intermediate nodes or automatically generated?

Please clarify first what is Blockchain, and how it is applied in supply chain scenarios, then you will understand what you are saying. Although I will give you popular science, I am giving it to other readers. Do you even know what a block is? Chain, and the essence of blockchain, is that you ask this kind of question without understanding anything. Laymen will look at the questions you ask as professional, while insiders will laugh at you.

So, in application scenarios with blockchain technology as the underlying technology, what is verified is only the accuracy of the data itself, but the authenticity of the associated physical objects cannot be verified. As you said It is said that if the data input is wrong, the data saved in the blockchain will also be wrong, but it cannot be changed again. This is also a drawback of blockchain technology, but this does not mean that blockchain technology has no application scenarios. It still has great uses, but I won’t go into them here.

B. The “virtual currency” scam was exposed, and someone was defrauded out of millions

The “virtual currency” scam was exposed, and someone was defrauded out of millions

“Virtual currency” "The scam has been exposed, and some people have been defrauded of millions. Making profits through blockchain token games is unstable, and it may even be a scam. Don't believe in the so-called good opportunities, and be cautious about claims that you can make quick money in a short period of time. The "virtual currency" scam has been exposed, and some people have been defrauded of millions.

The "virtual currency" scam was exposed, and someone was defrauded of millions 1

With the blessing of the concept of the metaverse, various NFT chain game projects are booming, and criminal gangs are also following the trend to develop so-called chain game projects , issue game tokens and list them on decentralized exchanges.

Ling Feng revealed that such online pyramid schemes using virtual currencies as a gimmick had appeared three or four years ago, and there were more cases abroad. "The characteristics of this type of case are obvious. They basically use new virtual currency-related concepts to hype up and attract people to participate in investment." He said.

Ling Feng said, “On Twitter, Tieba and other platforms, if someone takes the initiative to chat privately and introduce their projects to you, then these can basically be judged as scams; if someone sends an invitation code, it is basically a scam. It can be determined as a pyramid scheme."

According to the "2021 Blockchain and Virtual Currency Crime Trend Research Report" (hereinafter referred to as the "Report") released by Zhifan Technology, virtual currency The models of MLM cases mainly include exchange model, wallet model, false "smart contract" model, smart contract model, mining machine rental model, cloud mining machine model, quantitative robot model, short video model, matrix DAPP model, and chain game yuan. These 10 typical situations of cosmic patterns.

Take the currently popular "Metaverse" as an example. With the support of the Metaverse concept, various NFT chain game projects are booming, and criminal gangs are also following the trend to develop so-called chain game projects and issue gameTokens are listed on decentralized exchanges.

The "Report" pointed out that such cases usually involve project parties attracting investors through hot spots, affiliated with well-known projects, etc., continuously increasing the value of game tokens, and relying on high returns from a combination of dynamic and static To attract more speculators to join, the essence is still to expand the fund pool by relying on users to exchange the mainstream currency consumed by the platform currency, and the project team takes the opportunity to arbitrage money and run away.

According to industry insiders, as a new form of online MLM, virtual currency MLM is highly concealed, but the deception is ever-changing and has nothing more than three typical characteristics: First, the entry fee, investors need to pass Pay a fee to obtain the qualification to join; the second is to attract people, the income of MLM participants comes from the fees paid by the downline members they develop; the third is compound remuneration, and remuneration is based on the number of direct or indirect development personnel.

In response to the above-mentioned situations, relevant departments are also increasing supervision. For example, at the end of February 2022, the Supreme People's Court included virtual currency transactions into the illegal absorption of funds for the first time. In addition, the China Banking and Insurance Regulatory Commission has also previously issued risk warnings on preventing illegal fund-raising in the name of "Yuanverse".

The reporter noticed that during this year’s two sessions, many deputies to the National People’s Congress and members of the Chinese People’s Political Consultative Conference also expressed their views on strengthening the supervision of industries related to the Metaverse. Tan Jianfeng, member of the National Committee of the Chinese People's Political Consultative Conference, president of the Fifth Space Information Technology Research Institute, and honorary president of the Shanghai Information Security Industry Association, said that currently, NFT virtual artworks (such as cartoon portraits, electronic oil paintings) based on blockchain technology When the "Metaverse" becomes popular, but supervision is difficult to implement, new money laundering channels may be formed.

"To deepen the development of the digital economy, it must be integrated with the real economy. However, at the same time, we must beware of capital taking advantage of national development plans and hot concepts to create new virtual economic bubbles and prevent individuals from taking advantage of policy dividends." ', cutting investors' leeks." Tan Jianfeng said.

Wang Peng, associate professor at Renmin University of China, told reporters that online fraud, including telecommunications fraud and illegal fund-raising, is currently emerging in an endless stream, mainly taking advantage of two public mentality. One is the emergence of new technologies, new elements or new applications. , everyone generally does not understand it; the second is the speculative psychology, speculating without understanding and trying to make a quick buck.

To this end, Wang Peng put forward the following suggestions to prevent online fraud using concepts such as the Yuanverse and NFT as gimmicks. First, relevant government regulatory authorities should strengthen crackdowns, discover relevant clues in a timely manner, and cut off, Deal with it in a timely manner, rather than deal with it after turning small problems into big social problems;

Second, industry associations and other relevant professional institutions should target the Metaverse and NFT Wait for new technologies to introduce relevant industry codes and strengthen public education; third, the mass media should strengthen relevant publicity. On the one hand, it should strengthen publicity on the technology application itself and remove the mystery of the technology; on the other hand, it should increase everyone's risk awareness. .

"Finally, I think from my own perspective, firstly, we should strengthen the study of technology, and don’t follow what others say. Risks and returns are directly proportional. The higher the returns, the higher the risks; secondly, don’t believe in the so-called good opportunities. You should be cautious when talking about making quick money, and consider the problem from a long-term perspective. "Wang Peng said.

The "virtual currency" scam was exposed, and someone was defrauded of millions 2

Recently, more than 150,000 young people in the Philippines are addicted to playing a pet-raising game to make money. The principle is that players E-cards are obtained by raising an elf. This card is actually a kind of virtual currency that players can freely trade on a dedicated online encryption trading platform in exchange for real-life currency.

These young people By "mining" to obtain virtual currency, you can earn an income ranging from several hundred dollars per month. This is essentially a blockchain token game wrapped in a game. However, in the Philippines, where the per capita monthly income is about US$200, playing games You can also earn a lot of money, which is undoubtedly a huge attraction for young people.

However, it must be noted that making profits through blockchain token games is unstable, and even It is very likely to be a scam. For example, the "Mars Volunteers" blockchain game became popular at the beginning of this year. Although it has attracted the attention of Metaverse and Musk, promoting "playing and earning" and earning up to 10,000 times, it needs to be first After spending more than 600 yuan to purchase virtual currency, the high profits promoted by the game were ultimately wiped out due to the collapse of currency value.

In response to this type of behavior, the China Banking and Insurance Regulatory Commission issued a notice on February 18 this year. The "Risk Warning on Preventing Illegal Fund-raising in the Name of "Yuanverse"" mentioned that some criminals took advantage of the hot spots and absorbed funds under the names of "Yuanverse Investment Project" and "Yuanverse Chain Game", and were suspected of illegal fund-raising and fraud. and other illegal and criminal activities. In essence, how much money can be exchanged for virtual tokens obtained under the guise of playing games is based on extremely unstable market transaction values. Once it collapses, it will eventually become a bubble game.

Therefore, China has always focused on the supervision of Bitcoin. In May last year, the Financial Stability and Development Committee of the State Council held a meeting, requiring resolute prevention and control of financial risks and crackdown on Bitcoin mining and trading. From pure technology From a professional perspective, professional mining machines are far more efficient than ordinary game-playing machines in terms of blockchain "mining" efficiency. China once accounted for more than 60% of the global "mining farm" computing power, and many "miners" are looking for small hydropower in China. A large number of mining machines have been deployed in places where energy is cheap.

However, even though China can obtain some overseas income by mining various currencies such as Bitcoin, it still resolutely shuts down mines in various places and has the largest computing power in the world. The proportion quickly dropped to less than 5%. This is the right decision, because a huge amount of energy is wasted just to produce casino chips, which is not beneficial to China as a whole. Many people have found that the price of graphics cards has increased sharply before, which is related to the large number of graphics cards. Related to being used for mining. If young people are induced to participate in blockchain currency speculation, the consequences will be even worse.

However, there are not many countries in the world that are as resolute in regulating and shutting down various blockchain currency speculations as China. Due to the huge pressure in life, Korean youths have participated in digital currency games, hoping to get rich overnight. In the winter of 2017, two-thirds of the world’s largest Bitcoin transactions occurred in South Korea.

There is no doubt that the development of digital technology is the highlight of the global economy in the new century, but it is not necessarily a good thing for young people in the "e era". Young people in most countries around the world grew up in an era of rapid development of digital technology. Influenced by various myths about getting rich, their perception of wealth is also changing. The way that the previous generation worked hard on factory assembly lines to accumulate wealth is "gone" in the minds of young people and is no longer attractive.

In fact, for countries with a large labor force and lack of employment opportunities, such as the Philippines, even factory assembly line jobs with average incomes are a good starting point for young people, and factories can also provide a large number of jobs. The local government Very welcome. However, electronic culture invaded these countries before industrial culture, and only low-end computers and mobile phones were enough to make young people in the entire country addicted to it.

Therefore, some countries are aware of this problem and will guide digital technology to the right uses, such as promoting remote teaching during the epidemic, limiting the time for teenagers to play games, and Game content is regulated. However, the development levels of countries around the world are different. It is no longer easy to enjoy the fruits of digital technology through development. To further promote the advantages and eliminate the disadvantages, it poses higher challenges.

No matter how advanced science and technology are, if the country wants to achieve long-term development, the spirit of young people’s hard work cannot be lost. It is the proper meaning of a positive energy society to get rid of the fog woven by technology and correctly understand the Ponzi schemes or bubble economic hype under various new packages.

With the continuous advancement of various technologies such as artificial intelligence, robots, and new energy, the nature of labor in traditional industries may one day fundamentally change, but this change requires leading young people to real jobs. scientific and technological innovation, rather than increasingly indulging in the bubble game of "capital and human nature".

"Virtual currency" scam exposed, someone was defrauded out of millions

In daily life, there are often calls from strangers claiming to recruit people into stock groups for free; there are also often advertisements for various stock lectures on online platforms. Many people have the mentality of just joining the group to watch and listen to the classes without spending any money. Unexpectedly, they fall into the whirlpool of being cheated step by step and suffer heavy losses. During the investigation, the reporter found that the so-called "teachers" in these stock groups first recommended stocks. After gaining trust, they would recommend self-issued virtual digital currencies to defraud investors of their money.

"Virtual currency" claimed to be 100 times premium, and the website closed down and ran away

After lurking into the stock group as an investor, the reporter found that there were many victims across the country because of free money. And join the group.

Sound source - a certain stock group talkLesson Audio: Bateman is my country’s first and only digital currency platform that is about to go online. The platform wants to issue its platform currency equivalent to its stock, which is equivalent to an IPO. I expect its platform currency to have a premium of 10 to 20 times, or even 100 times.

Under the temptation of so-called huge profits of 10 times to 100 times, many people buy large amounts of "virtual coins". Suddenly, the Bateman virtual currency trading platform was closed overnight without warning, the stock group was disbanded, and no so-called "teacher" or "customer service" could be contacted anymore, and all the funds invested by the victims could not be withdrawn. Some victims said that the amount of money they were defrauded reached up to one million yuan.

Beijing investors: At 1 o'clock in the morning on April 9, I woke up in the middle of the night and took a look at the disk on my mobile phone. I found that the platform could not be opened, all the numbers were gone, and my account number was also gone. It's empty, those groups are gone, and all links can't be opened. In total, I was defrauded of more than 400,000 yuan, and some were defrauded of more than 1 million yuan.

Investor from Shenzhen City, Guangdong Province: My husband was sick, and we took out a loan. Basically, the more than 1 million yuan was borrowed. The main problem now is that I have children who are studying. If I can't pay off my credit card, my credit score will be affected. If my children can't study, my credit will be in trouble. I'm at my wits end.

A woman with nearly 20 years of stock trading experience is very cautious in investing and feels that she will not be cheated. At first, she watched other people in the group follow the teacher to operate digital currencies. Unmoved either. However, as people in the group kept posting some super-profitable profit screenshots, and the "teachers" continued to brainwash them, they invested their first money with the mentality of giving it a try.

Investors from Pingdingshan City, Henan Province: I still couldn't resist the temptation. I transferred 4,000 yuan first, then won the lottery again during the new lottery. I bought it again at 12 o'clock in the evening, which was equivalent to a total investment of 44,000 yuan. After investing in it, he said it was a lock-up period and started to issue platform coins again. The platform coins were 10 times more profitable.

Xia Yu, a lawyer at Beijing Kangda Law Firm: According to Article 266 of my country’s Criminal Law, suspected of fraud, depending on the specific circumstances of the crime, may be sentenced to a maximum of more than 10 years. Imprisonment, even life imprisonment.

Using stock lectures as a cover to deceive the elderly with human kindness

Why is this common fraud scheme so successful? The reporter found that in addition to playing emotional cards to gain the trust of victims, the most important thing is that these fraud gangs have repeatedly pretended to be large-scale formal financial platforms to endorse themselves, fabricating some false stories of getting rich overnight to lure victims into taking the bait.

The reporter saw in the stock group that this online lecture platform is called "LANXESS Double Lecture Hall". Investors joined through the stock teaching advertisements it released, and many people initially entered the platform to listen to the lessons with the mentality of giving it a try. In addition to lectures, every day at midnightThe so-called "teachers" will also post long articles to answer questions for the "students", and the "assistant teachers" with beautiful girls' avatars will answer the "students'" stock questions at any time. After gradually gaining trust, the "teacher" persuades the "students" to buy virtual digital currency.

Investor in Shenzhen City, Guangdong Province: He started to recommend a few stocks to you and made money. However, he ignored the next few stocks he recommended and kept asking you to hold them. Then he said that the current market is not good. Let you sell all your stocks and buy new coins.

Beijing investors: The profits of virtual currency are too high. They can rise from a few yuan to dozens of yuan in a short while. Our final speculation will reach 10 times. He lectures in a persuasive and instructive manner, with a strong human touch and special concern for people.

Many victims told reporters that they had also had suspicions, but fraud gangs often used the identities of some large brokerage firms as endorsements to confuse investors. The reporter saw in the stock group that once an investor If you express doubts, you will be banned or kicked out of the group immediately. In the end, the victims who have never been exposed to virtual currencies and lack financial knowledge are left behind.

The victims revealed to reporters that until now they have never seen this so-called Mr. Li of the securities company, and they don’t even know his full name.

Moreover, they realized afterward that the "Bateman Virtual Currency Trading Platform" did not actually exist, and the so-called "virtual currency" new prices and price increases and decreases were not real and were completely a fraud. A digital illusion directed and performed by the platform.

Five types of online fraud are repeatedly banned, and the police warn of risks

At present, many victims have reported the crime. During the investigation, the reporter found that there are still many similar fraud gangs still committing fraud. So, how should ordinary investors avoid being cheated?

Multiple victims told reporters that they have recently discovered that new stock lecture platforms and new digital currency trading platforms have emerged. When they registered and logged in using their mobile phone numbers and ID card information, they found that anyone who had previously registered on the Bateman Trading Platform had their accounts frozen after registering on the new so-called "Osman Trading Platform". Enter.

Beijing investor: I discovered an Ottoman platform, which is also a digital currency. The content is the same as Bateman, but the name is different. There are some differences in currency types, but other operation methods, including fund management, new currency subscription, flow inquiry, etc., are exactly the same.

The reporter found on multiple online platforms that many victims were deceived by the same method at different times. Except for the different names of the platforms and lecturers, the other deception methods were almost exactly the same. Many victims have called the police after learning that they were deceived.

Staff of Hongxing Police Station, Daxing Branch of Beijing Municipal Public Security Bureau: This case has been filed and investigation has been launched, and the criminal police will be responsible for the later investigation.

Police said similar fraud casesThere are many. Investors must be vigilant. If they feel abnormal after transferring money to a strange account, they should call the police immediately.

At present, there are more than 50 types of fraud discovered by the public security organs, among which 5 main types of cases occur frequently, namely online bill rebates, false investment and financial management, and false online loans. , pretending to be customer service, and pretending to be public prosecutor.

Xia Yu, lawyer at Beijing Kangda Law Firm: I would like to remind investors to choose formal and legal investment channels. Keep in mind that "pie in the sky will never fall" and be wary of investments with ultra-high returns.

C. [Blockchain blockchain] is more powerful than Bitcoin

New horizons of grassroots influence compiled by Joyce

Bitcoin has been a hot topic in the past two years Coin is already well known, but its influence may not be as influential as the online wallet technology [blockchain]. Whether it is from voting to health care, music to energy production, blockchain not only affects existing banks and securities brokers people, credit card business, and it might even change the way we live our lives.

Voting application

The ballot boxes and online voting platforms that were used to vote in the past can easily be manipulated and cause fraud, while blockchain authenticates identities for transactions and does not need to be managed or guaranteed by a central agency. . Now a new startup called FollowMyVote is developing a blockchain-based system that can ensure the security, transparency and accuracy of the election process and results.

Power Energy Application

Blockchain technology can be applied to power energy: use the unused solar power from the solar panels on the roof to communicate with the solar panels of neighboring buildings, and use the blockchain to Virtual currency settles electricity costs, and the entire transaction process (whether it is power exchange or fee settlement) does not need to go through the energy supplier. Lo3Energy, a new venture under Siemens, is currently launching a microgrid plan for solar power trading in some communities in Brooklyn, New York (such as Park Slope). The blockchain allows homeowners to set their own pricing without paying commissions to middlemen. Thus the cost of sales can be reduced.

Music Media Application

In the past, the traditional music industry structure included layers of so-called "middlemen", such as publishers, music manufacturers, copyright dealers, music platforms, etc., and finally reached the hands of consumers. At this time, the selling price of music products has been driven up due to the layer upon layer stacking, but the actual reward that reaches the pockets of music creators is extremely limited. Blockchain breaks the traditional music industry structure. A blockchain system called Voise allows musicians to set a price themselves. When users consume these music through the platform, musicians can receive almost 100% of the consumption. amount.

Healthcare Applications

In the past, patient records were often scattered acrossDoctors, clinics, laboratories, etc. have caused inconvenience to people in cross-hospital medical treatment, insurance claims, etc. Blockchain health records can be read and updated from multiple repositories, containing detailed records of each visit, and patients can choose who to share the data with. At MIT, researchers are developing a system called MedRec that is expected to be integrated with current medical computer systems. Taipei Medical University Affiliated Hospital also led Taiwan to officially enter the health and medical industry blockchain technology in November 2017.

Humanitarian Relief Application

According to statistics from the United Nations in 2012, 30% of development aid from around the world was not applied to aid recipients due to corruption. The United Nations is currently developing some blockchain projects to solve this problem . For example, in the 2017 United Nations World Food Program experimental project, Syrian refugees in Jordan received cryptocurrency subsidies. When refugees shop in supermarkets in the camp, their identities will be verified through eye iris scans, and the consumption amount will be deducted from the subsidies. This experimental project can not only reduce the cost of UN affairs, but also reduce the chances of fraud and theft.

D. Is the blockchain technology a lie? Does it have any actual connection with our lives?

How can something useful be useless

In recent years In this year, more and more people regard blockchain technology as one of the most promising new technologies in the future. Right now, there is a lot of talk about how cryptocurrencies and blockchain will change the world economy. Although the future of cryptocurrencies is unpredictable, the unshakable status of blockchain may continue to lead the development of the industry in the future. In fact, blockchain has changed not only the world economy, but even the daily lives of ordinary people have been greatly changed by its influence. The emergence of blockchain technology itself is an innovative process. Anyone who understands blockchain technology should know that blockchain is a database that can collaborate on a large scale. It allows many different subjects to collaborate to complete a task without trusting each other. This is the essence of blockchain.

Since this year, there have been numerous cases about blockchain technology supporting the resumption of work and production of small and medium-sized enterprises.

Here we use the combination of China (Fujian) International Trade Single Window and Blockchain to illustrate

The protagonist! !

We quote the China (Fujian) International Trade Single Window

The third issue of "Case Analysis Service" for analysis

Quickly scroll down with your little hands

Get full of knowledge quickly~

E. What are the scams of blockchain

"Blockchain" It is an important concept in the new era. It is essentially a centralized database and the underlying technology such as digital currency. According to our popular explanation, the "blockchain" can be regarded as a ledger, and each bill is a block. However, this ledger is centralized, and it can be said that no company or team has jurisdiction over it. "Blockchain"The technology is unique to informatization because it is centralized and information cannot be cross-changed. Nowadays, this technology has been applied to a series of applications such as electronic invoices and payment codes.
In today's life, many people use this guise to commit fraud. Direct sales disks, capital disks, technology disks and other names are used to lure people to make money and then run away. As a result, many people have lost their funds and have nowhere to defend their rights. In the end, I can only say that "blockchain" is a lie. There is no right or wrong in technology, it’s the people who are wrong.
With the progress of the times and the progress of society, the initial application of any technology will be subject to various positive and negative doubts. However, with the relative application and maturity of technology, coupled with the improvement of technology, various aspects around people have formed. This application will continue to improve, and I believe that these doubts will slowly dissipate in the near future.
The following is a summary of some blockchain scams that are often around you!
Trap 1: Blockchain is about issuing coins to make money
Trap 2: Conducting virtual currency transactions, promising low investment and high returns
Trap 3: Decentralization can solve all problems
Trap 4: With the extension of the blockchain, you can make money with a mining machine
Trap 5: Transactions on WeChat and Alipay to buy and sell virtual currencies
In short, the methods of scammers are also advancing with the times. Through our "eyes of wisdom", we can improve and enhance our adaptability, discover and alert ourselves, and prevent being deceived. Investors must be wary of various deceptive methods that offer low investment and high returns.

F. Does blockchain have compliance risks?

Yes, the application of blockchain technology may involve compliance risks.
First of all, in some countries and regions, governments or regulatory authorities may take different stances on digital currencies and other assets based on blockchain technology, and there will be a certain degree of legal, compliance and policy risks. . For example, some countries restrict or prohibit the use of digital currencies and other Bitcoin or blockchain derivatives. Therefore, when choosing the scope of application of blockchain technology, the local legal and regulatory environment needs to be considered.
Secondly, there are trust issues between participants in private chains or alliance chains, and there are also compliance risks in the construction of trust mechanisms. For example, in the financial field, banks or other financial institutions need to consider which trust model to use when using blockchain technology to comply with social ethics and potential legal requirements. For money-related transactions, legal requirements such as anti-money laundering and counter-terrorism must also be met.
In addition, due to the immutable and public nature of blockchain technology, it may inadvertently leak personal privacy, business secrets and other confidential information, causing privacy data leaks and security risks.
Therefore, enterprises and technology companies should carefully assess potential compliance risks and formulate appropriate compliance security measures, such as complying with legal and regulatory requirements, establishing a sound privacy protection mechanism, and strengthening privacy data protection in multiple dimensions. To ensure compliance and data security of blockchain technology applications.

G. Nine out of ten blockchains are scams

Ponzi scheme is the name for defrauding investment funds in the financial industry. It is the ancestor of the Pyramid scheme. Many illegal groups use this trick to amass money. This type of scam is a scheme by a man named Charles Ponzi. Speculators "create inventions". The Ponzi scheme in our country is called "removing the east wall to pay for the west wall" or "borrowing chickens to lay eggs". To put it bluntly, it is to use the money of new investors to pay loan interest and short-term profits to old investors in order to create the illusion of making money and thereby obtain a large amount of investment funds.

The assets on the blockchain have just entered the stage of explosion, lack of reasonable management and control, and market management is still in its infancy, so it is the most likely place for Ponzi schemes to appear. If 10% of financial products in the traditional world are Ponzi schemes, then the blockchain world has gone backwards, and now 90% are Ponzi schemes!

In fact, blockchain always has this One potential handles things, so there is no need for intermediary services, so many intermediary costs will be reduced. The blockchain solves a problem of trust in blockchain technology. For example, the payment wallet we are using now is all a Centralized.

When you are not a professional and your risk-taking ability is not high, then you are definitely not suitable for today’s blockchain venture capital circle. Because the proportion of Ponzi schemes is too high, 9 out of 10 are scammers (although the elite team does not feel that they are scammers, in fact they have engaged in deception).

However, we also need to be more objective. Although 90% of the market is Ponzi scheme, many people did make a fortune last year by investing in blockchain, such as Bitcoin and Ethereum. , NEO have all risen a lot, and even some gas coins and "MLM coins" have made money.

There are very few people who really make big money by owning blockchain assets. The chance of winning is the same as buying a lottery ticket. Don’t be deceived by the illusion!

H. Is it possible to cheat in the blockchain lottery?

No. Blockchain is applied to lottery and lottery platforms, which can fully ensure the randomness of the lottery algorithm. The lottery algorithm is deployed on the blockchain smart contract. It cannot cheat, is open and transparent, and eliminates tricks. At the same time, each client can verify the lottery process and results on the chain to ensure that the lottery results cannot be tampered with.