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㈠ How to make money by mining in the blockchain
The principle of making money by mining: PoW and mining.
In the beginning, Bitcoin could be mined with a graphics card, but in 2013, it was no longer possible to mine Bitcoin BTC with a graphics card’s general computing program. Bitcoins are now all mined using ASIC mining machines. ".
Similarly, the launch of Litecoin ASIC mining machines in 2014 also ended the history of Litecoin mining using graphics cards. The current digital currencies that graphics cards can "mine" are Ethereum ETH, Ethereum Classic ETC, and Zcash Zerocoin ZEC.
Graphics card "mining" is not a profitable business. In fact, the earlier you start, the higher the income will be, and the income will decrease as more miners and graphics cards are added.
To put it bluntly, buying a high-priced graphics card to enter "mining" will definitely kill you. Purchasing a professional mining machine is a more cost-effective choice. Nowadays, the essential tool for personal mining is a mining pool. The function of a mining pool is to gather a large number of mining machine computing power to increase your chances of mining coins. At the same time, the coins you can mine in the future are evenly distributed to your account in advance.
Take Bitcoin as an example. If the entire Bitcoin network now generates a block every 10 minutes, this block contains 25 Bitcoins. Assuming that there are 10,000 people in the world participating in mining, then within these 10 minutes, only one lucky person will take away the 25 Bitcoins.
Others have nothing to gain. The principle of the mining pool is that everyone forms a team to mine and allocate according to the agreed distribution method, so that the miners' mining returns tend to be stable and the miners' risks are reduced.
In order to enhance the cost performance, you can also purchase some practical mining machines like Wanke Cloud, which can be used as ordinary hardware products and can also be used for mining, killing two birds with one stone.
(1) Extended reading on Lucky Star Blockchain
There are several operational cores of blockchain transactions and digital currency:
A transaction network connected by decentralized databases - called a blockchain. All our clients (including mining machines) keep accounts together and confirm transfer transactions; a certain amount of digital currency is issued based on time.
Because the winner takes all, small and medium-sized retail miners have to unite to form a "mining pool" and record the cumulative workload in Shares. The higher the joint computing power, the greater the probability that the mining pool consortium will find the digital currency first. Large, increase the probability of finding newly issued digital currencies, and divide the mined digital currencies. This is called the PoW workload proof mechanism.
㈡ Three common scams on the treasure-hunting platform to help you understand the money-fraud schemes!
1. Traditional treasure hunting is fair and just, but in fact the algorithm is very different
Many treasure hunting platforms are comparable to small comprehensive e-commerce, covering categoriesIt is complete and easy to hit users and stimulate the desire to buy.
However, the popularity of products varies. Especially in the early days when there were few players, it was difficult to sell out all the products in a timely manner, either quickly or slowly. Adding virtual users to purchase can effectively solve this problem, allowing players to know whether they have won a prize within an acceptable time and can continue to make their next purchase.
The virtual user's purchase itself will not change the real player's winning probability. For example, a real player purchased a 100 yuan product for 10 yuan and got 10 numbers. Whether the other 90 yuan was purchased by a virtual or real player does not matter. It cannot change the fact that the player's probability of winning is 10%. On the contrary, adding virtual purchases also has costs and will increase platform risks. For example, the platform lists an iPhone for 7,580 yuan, and a virtual user buys it for 7,000 yuan. If a real player wins, the platform only earns 580 yuan, but it has to issue a mobile phone to the player, which will cause huge losses. Loss.
If this kind of uncertain loss is magnified infinitely (in layman's terms, a lot of mobile phone gold bars and cars were sold on a certain day, and the value of the goods taken away by real players is much higher than the money they invested) Many platforms are unaffordable.
The fact is that on many platforms, various luxury car and gold bar shopping cards draw prizes very quickly or even within seconds. They dare to add a large number of virtual users to purchase and ignore the risks. The secret is to combine virtual purchases with algorithm loopholes. If the prizes that are supposed to be won by real players are given to virtual users, the platform can achieve the purpose of controlling whether players can win and only make profits without losing money. At this time, virtual users become accomplices of cheating, which is often said: insiders win. Got it!
2. The common algorithm in the treasure hunting industry
The common algorithm in the treasure hunting industry is to use a number N to add 1 to the remainder of the number of copies sold. For example, if 100 copies are sold, For a product, after taking the remainder of 100 with N, the range of the remainder is 0-99. After adding 1, the range is 1-100, which exactly corresponds to the 100 numbers sold (it doesn’t matter whether you add 1 or not. Someone asked if the number is 1 off. The reason for adding 1 is just to be able to correspond after taking the remainder). Whether it is fair depends on the composition of this number N and whether the platform can be manipulated.
At present, the number N of the platform generally uses the A+B mode, and the A and B used by each platform are different. A is provided by the platform itself, such as the sum of the last purchase record times, etc. In theory, the platform can control it. Even if there is no control, there is still the problem of lack of credibility. Therefore, most of the current products introduce third-party digital B. Whether the entire value N is controllable to achieve manipulation results and distribute prizes to virtual users depends on the number B. You can open any product, check the lottery algorithm, and then read the analysis one by one below!
(**** only studies the algorithm flaws and the credibility of the speculation, and does not make a conclusion that the platform must be fake.****)
3. Different platforms have huge differences in treasure-winning algorithms
[1: Only the number A] This is the most direct controllable, what is A? The platform has the final say, making the winning results controllable. To put it simply, if A is obtained based on the last purchase record time and it is calculated that a player has won a gold ingot worth 50,000 yuan, the platform only needs to change the last purchase time before announcing it to replace the winning user. The last purchase time is calculated in milliseconds. , change it and you have no idea at all. Representative platform: One Yuan Cloud X, win the X master.
[2: Number B is a fixed value] The so-called fixed value means that number B uses the price of the commodity itself to make B or gives you a fixed number such as 00000. This method has the same principle as without B. Because B knows, the winning result depends on A given by the platform. Representative products: X discount on nests, X benefits, and X discounts for one dollar.
[3: Second Open/PK] The so-called Second Open/PK means that the lottery will be drawn after 10 seconds after the tickets are sold out. Capture the mentality of some players who are pursuing the fastest lottery results and are eager to know the results. This method is the same as without number B. The winning result depends on the A given by the platform. Representative products: wishing X treasure, change X treasure.
[4: The number A is given in advance, and the value B is the latest lottery ticket that was not known when A was issued]
This type of product waits until all the goods are sold. At the moment when the lottery is drawn, the value A is first announced, and the lottery number B is chosen for the number B is announced. And go to the official website of the lottery to check that the lottery is still waiting for the draw. Because value B is uncertain and value A has been announced, the final result only depends on the lottery numbers for the next lottery draw and is beyond the control of the platform. There are no loopholes in the algorithms of such products. Representative products: walnut X treasure, one yuan X treasure.
With the development of the blockchain industry, some blockchain token treasure-hunting platforms have emerged, such as Candy Strike, BiDe, YunbaoChain CIC, etc. These platforms have achieved the same goal as Combined with the immutable nature of the blockchain, there is no room for cheating on the platform.
Take Candy Crush as an example: The lottery draw method of this platform is that when the lottery numbers are sold out, the system will wait for the latest block number (hash value) on the current ETH blockchain network to be generated. The random The code is a 64-digit hexadecimal value. After the lucky block number is confirmed (about 3-5 minutes), the last 8 digits of the hash value of the lucky block number are taken and converted into a decimal number. The calculation is based on the total number of draws. The remaining number is +10000001, and the resulting number is the lucky number.
The algorithm complies with "the number A is given in advance, and the value B is the latest hash value that was not known when A was generated", and there are no loopholes.
All participation records on the platform are uploaded to the chain with one click and are public to the entire network. The block hash value is a random number and cannot be interfered by human, so the randomness and fairness of the lucky numbers are guaranteed.
The current mainstream algorithms are the above. Some platforms may use one or more of these methods. There are too many such platforms to verify one by one, and the names and icons are the same and unrecognizable. However, as long as you follow the above steps, most of the algorithm loopholes can be identified.
Some people may say that it’s enough if I win the lottery and don’t pay attention to the process. Such platforms often capture people's psychology and let you win small prizes at the beginning, but make you suffer huge losses in the long run.
The above is an actual test analysis. You can test it yourself and give a thumbs up if you think it makes sense, so that more people can know more about Duobao's products. Finally, for the convenience of viewing, the above identification methods are listed in a table for your reference:
㈢What kind of technology is "blockchain"
What kind of technology is "blockchain"< p> Blockchain is an important concept of Bitcoin. The "2014-2016 Global Bitcoin Development Research Report" released by Huobi, Tsinghua University PBC School of Finance Internet Finance Laboratory and Sina Technology mentioned the area. Blockchain is the underlying technology and infrastructure of Bitcoin. It is essentially a decentralized database and serves as the underlying technology of Bitcoin. Blockchain is a series of data blocks generated using cryptographic methods. Each data block contains information about a Bitcoin network transaction and is used to verify the validity of the information (anti-counterfeiting) and generate the next block. .In a narrow sense, blockchain is a chain data structure that combines data blocks in a sequential manner in chronological order, and is cryptographically guaranteed to be non-tamperable and non-forgeable. Account book. Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, uses cryptography to ensure the security of data transmission and access, and utilizes automated Smart contracts are composed of scripts that program and compute data in a new decentralized infrastructure and normalize computing.
Domestic blockchain application platforms include an asset custody system based on blockchain technology jointly developed by the digital currency crowdfunding platform Biying China, China Post and IBM. What exactly is blockchain technology and why is it so hyped
Blockchain is a decentralized, distributed ledger system participated by nodes. The data stored on it cannot be forged or tampered with, and is open to the public. Transparent, the information and value recorded by each account at any point in history can be found on the blockchain. The characteristics of the blockchain protocol provide the necessary foundation for the execution of smart contracts. The contract can be automatically executed and trusted according to established conditions without the need for auditing by any centralized organization.
Blockchain technology is the underlying core of the Bitcoin system. Its essence is a decentralized ledger. When people trade over the Internet, a new transaction will be recorded in the ledger.Basically, this ledger is a decentralized ledger jointly maintained by everyone on the network. People can see ongoing transactions at the same time, and control is not in the hands of institutions or individuals. Transactions cannot be tampered with or forged, and they will be permanently stored in the ledger.
For example, the Tongxin Huzhu blockchain mutual aid platform has four major characteristics in applying blockchain technology:
Openness and transparency
Openness and transparency, once all information recorded on the blockchain is recorded, it will be very It is difficult to tamper with and cannot be hidden, and users can check it at any time.
Democratic decision-making
Bottom-up decision-making, the blockchain proposes a variety of different consensus mechanisms to help users effectively form bottom-up decisions and jointly participate in major decisions.
Accurate execution of rules
Accurate execution of rules. The smart contract technology defined on the blockchain converts all rules into public and clear codes, which can be executed accurately and accurately. Once anyone is identified Cannot intervene.
Never downtime
Never downtime, the blockchain based on the public chain is not affected by any organization or individual. As long as the incentive mechanism is effective and the Internet exists, the blockchain will exist.
What is blockchain? Blockchain is a decentralized shared accounting technology that allows all parties involved to establish a trusting relationship at the technical level. Blockchain can be roughly divided into two levels: one is the underlying technology of the blockchain; the other is the upper-layer application of the blockchain, that is, the transformation, optimization or innovative application based on the blockchain. Blockchain is still in its infancy. Many people have discussed with me how we can ensure both rights and privacy at the same time. Of course, we are just exploring now. We need fair content across the entire network and clear protection. This is what I can only say. So far, this is my arrangement for the future.
Blockchain concept? The idea of blockchain is to be completely decentralized and rely on decentralized justice. In that case, theoretically the cost will drop a lot, proving that real assets and property rights can directly correspond to each other on the Internet. It has solved the problems of decentralization and asset ownership that were not solved by the first generation of Internet information. How big a role does big data play in financial innovation now? Only by registering big data can we know who it belongs to. In fact, this has always been a problem that we cannot solve now. This is not a small problem. If there is a technology in the capital market that makes the property rights of things that were originally unclear clear, that will be a big problem for us. The entire market is undergoing a huge transformation.
What is blockchain? Blockchain technology itself can solve data ownership, pricing and sharing mechanisms. This still cannot completely solve certain problems. To give a simple example when it comes to user privacy, I have a piece of data placed on the machine. The partner comes over and makes an insurance analysis to analyze the cooperation. There is a risk here for Still not giving it, can we deal with it or clarify the property rights of the laboratory and then deal with it?Rights, and at the same time, data rights make it clear that the common products produced by everyone are common to everyone. Different things need to be divided, how to price them, how to divide them. In addition to the technology of blockchain and a decentralized database, as mentioned above New tasks are another issue, and then there is the issue of pricing and the market mechanism. All fields have proven to recognize this rule, so I think blockchain is a very good core technology, but it cannot cover everything. question.
Introduction to Bubi Blockchain
Bubi Blockchain is mainly positioned to provide commercial-grade blockchain infrastructure services, which mainly includes building a blockchain system and building on top of the blockchain system. A support system with high expandability. On top of this support system are applications from all walks of life. Bubi focuses more on the underlying technology of the blockchain. In the past three years or so, a team of more than a dozen people has devoted almost all their energy to the research and development of the underlying technology. The reason why Bubi Blockchain chooses points has something to do with the market's promotion method. As we all know, blockchain is a technology that is very suitable for the issuance and trading of digital assets. Points are a digital asset that is naturally legal and compliant, and has a small impact because of its small amount. Therefore, it is a very suitable choice to use points as your first attempt at digital asset issuance. Issuing points based on the blockchain can indeed bring great help to the circulation and mutual exchange of points.
What is blockchain? The application of blockchain technology in the field of property transfer is only one aspect. In addition to reducing property transfer costs, blockchain technology can also be applied to various fields involving company stocks, financial derivatives, and points programs of commercial institutions. The blockchain community is currently focusing on promoting the wider application of this technology in the field of financial assets. Relatedly, various platforms that are still under development have also received very considerable investment.
Blockchain concept? Structurally or by definition, these things are very different. The U.S. dollar, or any currency, from a typical definition, is primarily used as a medium of exchange or store of value for economic activities. Within the geographical scope where a certain currency circulates, people in the region reach a consensus on the use of this currency, making it convenient for everyone to use the same currency to purchase goods or services (the function of currency as a medium of exchange). There is a responsibility to manage the currency through monetary policy in order to ensure the preservation of the value of the currency and avoid the occurrence of inflation (the store of value function of currency). In today's world, almost everyone uses some form of currency in their daily lives.
What is blockchain? Even developers within the blockchain community often easily overlook the big picture mentioned above. There are many competitive projects in the blockchain community, and they are also full of various disputes about the evolution direction of blockchain technology. Over time, some projects in the community will be successful, and others will not be so lucky. Things will not always go the way we expect, but no matter how these projects in the still-early blockchain community develop, one thing is very clear, and that is,Blockchain technology has brought us at least one revolutionary function: Blockchain technology will greatly reduce the cost of financial property transfer, and blockchain will be used to control, manage and transmit financial property.
What is blockchain? Blockchain concept? After a certain application analysis, we return to the starting point. The definition of this blockchain technology will surely become more and more abundant with the expansion of applications, and people will discover more mysteries of blockchain technology.
Blockchain is an important concept of Bitcoin. It is essentially a decentralized database and serves as the basis for Bitcoin. underlying technology. Blockchain is a series of data blocks generated using cryptographic methods. Each data block contains information about a Bitcoin network transaction and is used to verify the validity of the information (anti-counterfeiting) and generate the next block. .
The blockchain is public on the Internet and can be queried in every offline Bitcoin wallet information. The functionality of a Bitcoin wallet relies on confirmation with the blockchain, and a valid check is called a confirmation. Usually a transaction requires several confirmations before it can proceed. The lightweight Bitcoin wallet uses online confirmation, which means it does not download the blockchain data to the device storage.
Many of Bitcoin’s altcoins also use the same design, but are slightly different in proof of work and algorithm. For example, using proof of stake and SCrypt, etc.
Blockchain timestamp service and proof of existence
This concept was proposed in Satoshi Nakamoto’s white paper [1], who created the first block, the “genesis block”.
On January 3, 2009, Satoshi Nakamoto, the founder of Bitcoin, left an unchangeable sentence in the genesis block:
“The Times 03/Jan/2009 Chancellor on brink of second lout for banks (on January 3, 2009, the chancellor was on the verge of implementing a second round of bank bailout)."
It was then that the British chancellor Darling was forced to consider a second bailout of the banks. In a time of crisis, this sentence was the headline of a front-page article in The Times that day.
With the blockchain’s timestamp service and proof of existence, the time when the first blockchain was created and the events that were happening at that time are permanently retained.
The Bitcoin company BTCC launched a service "Millennium Chain" in 2015, which is a blockchain engraving service, which uses the above principles. Users can engrave text on the blockchain through this service and store it permanently.
Bitcoin, Litecoin, Ruitai Coin, and Qianjin Card are all digital currencies based on blockchain technology.
Chongqing Jinwowo analyzed: Blockchain is actually a decentralized distributed ledger database.
How popular is blockchain technology?
Blockchain technology makes DAC possible. DAC is something that can fundamentally subvert the organizational model of human society. I believe that its impact on society will surpass the Industrial Revolution and become the most profound change that the Internet has brought to the world.
The essence of blockchain technology is a method of data storage, transmission and certification that is decentralized and contained in a distributed structure. It replaces the current Internet with data blocks (Block). The road's reliance on the central server enables all data changes or transaction projects to be recorded on a cloud system, theoretically achieving self-certification of data during data transmission.
Blockchain technology can be applied to many industries:
Art industry
Ascribe allows artists to use blockchain technology to declare ownership, Issue numberable, 100% editions of your work in digital form for any type of artwork. It even includes a marketplace where artists can buy and sell through their website without the need for any intermediary services.
Legal Industry
BitProof is the most advanced of the many document timestamp applications that have emerged in recent years, and will make traditional notarization methods a thing of the past. Compared with free versions including Blocksgin and OriginStaemp, BitProof provides more services, including one for intellectual property rights. Interestingly, BitProof recently collaborated with a San Francisco IT school to put all their students’ academic certificates on the blockchain, completely redefining how diplomas and student certificates are processed and used.
Development Industry
Colu is the first company to allow other companies to issue digital assets. They can "tokenize" various assets and have a profound impact on many people. Although the free Bitcoin wallet Counerparty also allows simple tokens to be issued and traded among other wallet holders, Colu tokens can be configured in various states and types, and can leave and return to the system. , and when storing data on the blockchain is too large, the data can be stored on the BitTorrent network.
Online Mutual Aid Industry
Tongxin Mutual Aid is the first blockchain online mutual aid platform to be implemented and applied. Technically, through blockchain and big data technology, it eliminates the shortcomings of the traditional online mutual aid model. Establish an open and transparent new online mutual aid platform.
Aite Cat is a virtual pet game produced under blockchain technology. This virtual cat is similar to The Internet Leitz dog, 360’s pet cat, and NetEase’s planet all belong to the same type of blockchain virtual products, so Aite Cat’s is not the same.The difference is that the entire cat design adopts a 3D three-dimensional effect, so that the display of the cat is no longer a single picture, and the cat is movable, which increases the fun of the cat.
What technology is the Huangbao blockchain system?The Huangbao blockchain is a powerful decentralized loop intelligence system. The Huangchain chain is referred to as HUANG. It is the first to be used in financial services, advertising media, games and entertainment, various life applications and other fields, becoming a blockchain 3.0 The representative virtual currency of the era, Media Chain 3.0 technology has the core characteristics of being safer, more efficient, more flexible, and more open. The widespread application of its technology will definitely trigger new forms and new ideas in the global media industry, and can Create convenient services and new concepts, which marks a new economic era before the public.
㈣ Blockchain project information, see if there is one you are playing
1. Rainbow Box: The recently released scroll mode, 10 coins are reserved for transactions, and any excess can be sold. Give away as a gift, the black market is 6.5 yuan each.
2. one meta: Recently, 20 Koi cards were airdropped, each worth 100,000. I don’t know which lucky person got it. This platform is very popular on the Shuzang platform.
3. Stargate Digital Collection: The digital collection platform that has been warmed up recently invites 10 people to have a chance to receive high-value airdrops, and two will be available in a while. level market.
4. Duo Fuyuan: This is the name of the former Luo Shu Pavilion. After the name change, the popularity has increased a lot. The transaction has been opened, and the currency price is about 7.7 yuan. , the transaction is normal.
5. Tourism alliance chain: After the project came out, the price of the ant cluster has also increased a lot. It is currently more than 18 yuan. It has also been very popular recently. There is no conflict between clusters and the points value is the same.
6. Tips for businessmen: The project that was launched before has been around for a while, and the transaction has been open for a while. The market popularity is very low, and the sales order cannot be sold. The project is not running, but it is basically as if it has gone cold.
7. Bear.com: The project a year ago had problems with the transaction not long after it came out, but there were many people investing at that time, and the project The daily lottery encourages everyone to recharge. In fact, it is a bit of a fund-raising approach. There have been problems recently, and the situation is not optimistic.
8. Jinshui Jiayuan: The project has notRun, but no one has done it, the transaction has been delayed, and all groups have become advertising groups. There is no need to wait, you can declare that it is closed.
5 The biggest MLM scam on the Internet is not just "digital currency"
Myramid marketing methods are inherently changeable. When it comes to the Internet, a new type of illegal crime has emerged. The most popular online MLM is the scam under the guise of "digital currency" and "blockchain". Various MLM coins emerge in endlessly, one after another falls, and one after another rises. In the cases solved, more people are involved each time. , involving a large amount of money. In the field of investment and financial management, MLM scams emerge one after another, but now online MLM has spread across many fields.
First of all, everyone should have heard of "Five Elements Coin". It is an early "digital currency" scam in online pyramid schemes, but it is still typical to this day, and the scams of pyramid schemes are also similar. The Five Elements Coin includes static income and dynamic income. The static income is the appreciation of "currency", and the dynamic income is the rewards for development and offline. There are three levels of entry fees: Y, S, and L, corresponding to 500, 2,500, and 5,000 yuan respectively. The entry fee for MLM is entirely set by the organizer. Together with the income on the platform, the currency amount is just a number. The traders behind the scenes can distribute as many coins as they want. When a large amount of coins are finally released, the "currency" depreciates and the coins in the hands of investors cannot be used. Withdrawals and transactions are not possible, the organizers collapse and run away, and players are left with fake currencies on fake platforms.
Secondly, the MLM coin routine is the same as that of "Five Elements Coin", forging the personal information of the initiator, building a self-made platform, and using "high rebates" as bait. Using smartphones and social software for brainwashing, online pyramid schemes will set up WeChat groups and QQ groups, in which everyone except you may be stooges. They will post profit screenshots and poisonous chicken soup in the group to lure you to join or attract people, and at the same time provide assistance. Offline activities to promote and build momentum. Most online pyramid schemes are controlled by criminals overseas and register companies overseas to confuse the public and facilitate their escape.
Finally, in addition to scams such as "Five Elements Coin", there are also various pyramid schemes, which are extremely harmful and cannot be underestimated.
There are many online pyramid schemes disguised as "e-commerce". First register an e-commerce enterprise, then register a website, and engage in MLM activities in the name of "online direct purchase" and "online marketing".
We can always see the slogans of "making money while lying down, easily earning over 10,000 a month" and "starting a business at home" on the Internet. MLM elements use "starting a business at home" and "online investment" as bait to lure some people. Most of the young people who are eager to succeed and want to start a business are mothers and college students.
There are also some companies that use the name of online games and online gambling to lure players offline in the name of direct sales awards, sales awards, etc., and engage in the so-called "lucky gambling" and "game stocks" recharge card business. In fact, It's just to get people to pay.
Online MLM is more hidden than traditional MLM. We should identify it from many aspects: whether the participants register online; whether they need to pay entry fees or pay entry fees in disguise; whether there is an upline and downline relationship, with superiors receiving rewards from subordinates; whether they are committed High profits etc. Many propaganda slogans of MLM organizations are in line with public psychology. We must understand that the Internet is a virtual space. The operator hides in the dark, making it difficult for us to detect him.
㈥ A simple and easy-to-understand introduction to what is blockchain
Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. As the underlying technology of Bitcoin. Blockchain is a series of data blocks generated using cryptographic methods. Each data block contains information about a Bitcoin network transaction and is used to verify the validity of its information (anti-counterfeiting) and generate the next block.
In a narrow sense, blockchain is a chain data structure that combines data blocks in a sequential manner in chronological order, and is distributed cryptographically to ensure that it cannot be tampered with or forged. Account book. Broadly speaking, blockchain technology uses block chain data structures to verify and store data, uses distributed node consensus algorithms to generate and update data, uses cryptography to ensure the security of data transmission and access, and uses automated scripts to A new distributed infrastructure and computing paradigm that uses smart contracts composed of code to program and manipulate data.
European crowdfunding and Ethereum both utilize blockchain technology.
㈦ What is gec? Is it a scam?
gec is a pyramid scheme in the form of virtual currency. The model of "GEC Environmental Coin" that keeps attracting people to join and relies on offline development funds does exist. "GEC Environmental Coin" is similar to the transaction model of environmental coins, which has touched the bottom line of some laws. It is similar to the MLM structure model, which uses high profits to attract users. In the end, because it does not generate profits itself, or the income cannot cover the expenses, it is also It can only evolve into a sedan-carrying game, and the possibility of passing flowers by beating drums is high. Investors are advised to be vigilant.
If you rely on developing offline businesses to gain online income, this business model is very similar to MLM. The virtual currency of GEC environmental currency is a new currency designed by the manipulator behind it. The legality of its transactions has not been recognized. Investors are advised not to participate.
(7) Extended reading on Lucky Star Blockchain:
The characteristics of "GEC Environmental Coin" are obviously in line with the nature of a pyramid scheme.
The first is to attract customers with extremely high returns and claim that it will only rise but not fall, which is extremely attractive to investors;
The second is to build a pyramid selling structure and build members. model to achieve viral sales of GEC;
Third, its sales and operations dare not be exposed to the "sunshine" and can only be conducted through private methods such as WeChat groups, which is highly concealable and avoids supervision. properties.
To sum up the above,The income model of "GEC Environmental Coin" has seriously deviated from the nature of Bitcoin-like assets and even violated relevant laws and regulations. Investors are advised to beware of similar virtual currency investment models. This type of model can be characterized as ICO, with the core being illegal ICO and the means being a pyramid scheme.
How does blockchain work?
What is blockchain technology?
Blockchain technology is a structure that stores public transaction records (also called blocks) in multiple databases in a network connected through peer-to-peer nodes, called a "chain." Often, this storage is called a "digital ledger."
Every transaction in this ledger is authorized by the owner’s digital signature, which authenticates the transaction and protects it from tampering. Therefore, the information contained in the digital ledger is highly secure. Technically speaking, blockchain is a digital ledger that has been gaining a lot of attention and traction lately. But why has it become so popular? Well, let’s delve into it to understand the entire concept.
Record keeping of data and transactions is a critical part of business. Often, this information is processed in-house or passed through a third party such as a broker, banker or lawyer, adding time, cost or both to the business. Fortunately, blockchain avoids this lengthy process and facilitates transactions to move faster, saving time and money.
