The relationship between the mining circle, the coin circle and the chain circle

❶ What is the relationship between the currency circle and the ICO? How to invest

Now the most mature market for blockchain technology is digital currency, so I want to make a block Chain first enters the currency circle. Doing blockchain overseas refers to overseas ICO. You can first choose countries with loose policies such as Singapore, Switzerland, etc., and then set up entities such as Singapore foundations, and then through legal compliance support, List coins on major digital currency exchanges. It is recommended to find a company specializing in ICO services, such as Siyi Unicorn, which has a good evaluation.

❷ How does the blockchain make money

The blockchain is nothing more than the currency circle, the chain circle, and the mining circle, these three circles. Among them, the threshold of the chain circle and the currency circle is relatively high! Only the mining circle is left, and the mining circle is a circle supported by the mining miners, and it is also the necessary entrance to the entry-level blockchain!
But if you want to mine, you must find an easy-to-use software. Here we recommend the salmon miner, a zero-cost mining software with high returns! Mining is the cornerstone of the blockchain, so making money in the blockchain must start with mining!

❸ Three Laws of the Currency Circle

The first law:
Do not operate frequently, develop a good habit of regular investment strategy, otherwise you do No amount of money is in vain. Many people are afraid of stepping out of the sky when they have no coins. They are afraid that they will be held at a high level when they have coins in their hands. Some people who have held coins for a long time will cut their flesh and leave the market because of a small episode. Now, this is a typical death before dawn, so be sure to do a good job of making a fixed investment strategy————determine the loss and determine the profit.
The second law:
You should be aware of the risks after hearing the good news. Generally, the corresponding currency will start a market a few days before the good news. If you happen to hold the currency, you should consider the cashing of profits. The attitude must be Resolutely! There can be no hesitation. Don’t expect to get out of the trade at a profit from the highs.
The 3rd Law:
When you hear bad news, you can aim for a wave of bullish coins. Of course, the premise is that there is a certain deterrent of bad news, and after it has been fermented for a period of time, you can wait for the bad sound to gradually become smaller. Step by step.
【Expanded Information】
The so-called currency circle is the circle naturally formed by digital currency players. The currency circle is not large, but the number of people is not small, and it is basically a niche among the crowd, but it is finally a circle, there are not many people who make money, and all kinds of ways to make money are quickly copied over, ico, speculation coins, mining, etc.
There are many ways to make money in the currency circle, the most important ones are speculating coins, ICO crowdfunding, and moving bricks. The legal currency in the currency circle is legal currency, which is issued by the country and the government, and only government credit is guaranteed, such as RMB, US dollar and so on.
1. Currency circle token
token, usually translated into a certificate. Token is one of the important concepts in the blockchain. Its more widely known name is “token”, but in the eyes of professional “chain circle” people, its more accurate translation is “token”, which represents the district. A proof of stake on the blockchain, not a currency.
Three elements of Token:
One is digital proof of rights and interests. The certificate must be a certificate of rights and interests in digital form, representing a right, an inherent and intrinsic value;
The second is encryption, The authenticity of the certificate, tamper-proof modification, privacy protection and other capabilities are guaranteed by cryptography;
The third is to be able to flow in a network, so that it can be verified anytime, anywhere.
2. Opening a position in the currency circle
Opening a position in the currency circle is also called opening a position, which means that a trader newly buys or sells a certain amount of digital currency.
3. Stud in the currency circle
The stud in the currency circle refers to investing all the principal.
4. Currency circle airdrop
Airdrop is a very popular cryptocurrency marketing method. In order to allow potential investors and cryptocurrency enthusiasts to obtain token-related information, the token team conducts frequent airdrops.

❹ What does the currency circle mean

The so-called currency circle is the natural circle formed by digital currency players. The currency circle is not large, but the number of people is not small, and it is basically a niche among the crowd, but it is finally a circle, there are not many people who make money, and all kinds of ways to make money are quickly copied over, ico, speculation coins, mining, etc.

There are many ways to make money in the currency circle, the most important ones are speculating coins, ICO crowdfunding, and moving bricks. The legal currency in the currency circle is legal currency, which is issued by the country and the government, and only government credit is guaranteed, such as RMB, US dollar and so on.

1. Token in the currency circle:

token, usually translated into a certificate. Token is one of the important concepts in the blockchain. Its more widely known name is “token”, but in the eyes of professional “chain circle” people, its more accurate translation is “token”, which represents the district. A proof of stake on the blockchain, not a currency.

Three elements of Token

One is digital proof of rights and interests.�Right, an inherent and intrinsic value;

Second, encryption, the authenticity of the certificate, tamper-proof, privacy protection and other capabilities are guaranteed by cryptography;

Three It is able to flow in a network so that it can be verified anytime, anywhere.

2. Opening a position in the currency circle:

Opening a position in the currency circle is also called opening a position, which means that a trader newly buys or sells a certain amount of digital currency.

3. Stud in the currency circle:

The stud in the currency circle refers to investing all the principal.

4. Currency circle airdrop:

Airdrop is a very popular cryptocurrency marketing method. In order to allow potential investors and cryptocurrency enthusiasts to obtain token-related information, the token team conducts frequent airdrops.

5. Lock-up in the currency circle:

Lock-up generally means that after investors buy and sell contracts, when the market has a trend opposite to their own operations, the opening is opposite to the original position The new warehouse, also known as pair lock, single lock, and even euphemistically called butterfly double flight.

6. Candy in the currency circle:

Candy in the currency circle is the digital currency that is distributed to users for free at the ICO when various digital currencies are just issued. Its own kind of propaganda and propaganda.

7. The currency circle breaks:

Breaking refers to falling below, and hair refers to the issue price of digital currency. A currency break is when a certain digital currency falls below the issued price.

8. Private placement in the currency circle:

Private placement in the currency circle is a way to invest in cryptocurrency projects, and it is also the best way for the founders of cryptocurrency projects to raise funds for the operation of the platform.

9. K-line view of currency circle:

Candlestick Charts is also known as candle chart, Japanese line, yin and yang line, bar line, red and black line, etc., commonly used expressions It is the “K line”. It is plotted with the open, high, low and close prices for each analysis period.

10. Moving bricks in the currency circle:

Moving bricks is to buy digital currencies from exchanges with low currency prices, and then transfer them to exchanges with high prices to sell them.

❺What is the difference between the currency circle and the chain circle

Chain circle”, “coin circle” and “mining circle” are stupidly unclear to many people , but apart from those connections, the essence of the three is actually quite different. In the blockchain ecology, it is currently roughly divided into three circles, namely “chain circle”, “coin circle” and “mining circle”. It is related, but it is also very different.
Chain circle – chain circle, the representative of technology. The threshold is higher than the other two circles, mainly focusing on the development and application of blockchain technology, so for ordinary For people, it is more difficult to step in.
Blockchain can be divided into three stages: private chain, public chain and alliance chain.
The currency circle, the currency circle, can be said to be the most colorful one Circle. It focuses on speculation of encrypted digital currency, which is the circle with the lowest entry threshold among the three circles. The main features are currency issuance and speculation. The currency issued based on blockchain technology is the mainstream currency, such as Bitcoin, Ethereum, etc., with less risk .And the coins issued by ICO are altcoins, which have certain risks. The hype is caused by the lack of supervision in the industry and the common background trading. At present, China has banned ICOs.
The mining circle, the mining circle, is focused on The circle of a group of people who “mining”. This mining is different from mining in life, but a behavior to obtain virtual currency rewards. Those who participate in mining are called miners.
Mining requires the help of tools. In the early days, it was possible to mine through ordinary computers. Later, as the number of mining people continued to increase, it began to develop into mining machine mining and mining pool mining. The cost of mining is relatively high. , For example, the power consumption is huge, and the electricity fee is also a large expenditure.
The threshold of the mining circle is slightly higher than that of the currency circle, but lower than that of the chain circle. Most people have heard of mining, but those who really participate in mining There are still fewer people.
Compared with the chain circle and the currency circle, the mining circle will also be affected by the external natural environment, such as the damage of the mining machine in the mine.
In the current background, the hype The concept of blockchain is meaningless. Blockchain practitioners must find a way to contribute value to the society and create wealth instead of evaporating wealth, so we do not distinguish between the currency circle and the chain circle, which can create value It is a good circle.
The Xueshuo Innovation Blockchain Technology Workstation under Lianqiao Education Online is the only approved “blockchain technology workstation” of the “Smart Learning Workshop 2020- Xueshuo Innovation Workstation” carried out by the School Planning and Construction Development Center of the Ministry of Education of China. “Technology major” pilot workstation. The professional station provides students with diversified growth paths, promotes the reform of the combination of professional degree research, production, study and research, and builds an applied and compound talent training system.

❻ Why is the blockchain divided into a chain circle and a currency circle

The currency circle is the application circle of the blockchain in the encrypted digital currency. The chain circle is currently the application on the chain, and the blockchain system template is Chain Circle

❼ I have been in the currency circle for a while, so�Try mining, is it suitable to enter the mining circle now?

Not suitable, or go to work.

❽ What is the relationship between Bitcoin and blockchain

Bitcoin is destroying the blockchain!

❾ What are some professional terms in the currency circle

Explanation of 26 common terms in the blockchain industry

1, Blockchain—— Blockchain

Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. is a shared distributed ledger in which transactions are permanently recorded through additional blocks.

2. Block—Block

In the Bitcoin network, data is permanently recorded in the form of files, which we call blocks. A block is a set of records of some or all of the latest Bitcoin transactions that have not been recorded by other previous blocks.

3. Node – Node

A copy of the ledger operated by the participants of the blockchain network.

4. Decentralization

Decentralization is a phenomenon or structure that must appear or exist in a system with many nodes or in a group with many individuals. The influence between nodes will form a nonlinear causal relationship through the network.

5. Consensus mechanism

The consensus mechanism is to complete the verification and confirmation of the transaction in a very short time through the voting of special nodes; for a transaction, if the interests are irrelevant If several nodes can reach a consensus, we can think that the whole network can also reach a consensus on this.

6. Pow – Proof of Work

Proofof Work means how much currency you get, depending on the amount of work you contribute to mining, the better the computer performance, the more money you get There will be more mines.

7. PoS – Proof of Stake

Proofof Stake, a system for distributing interest based on the amount and time of currency you hold. In the POS mode, your “mining” The profit is proportional to your coin age, and has nothing to do with the computing power of your computer.

8. Smart contracts

Smart contracts are computer protocols designed to spread, verify or execute contracts in an information-based manner. Smart contracts allow for trusted transactions without third parties that are traceable and irreversible.

9. Timestamp

A timestamp refers to a string or encoded information used to identify the recorded time and date. The international standard is ISO 8601.

10. Turing completeness

Turing completeness refers to the ability of a machine to perform computations that any other programmable computer can perform.

11. Dapp – Decentralized Application

It is an open-source application that runs automatically and stores its data on the blockchain in the form of cryptocurrency tokens. Form incentives and operate with protocols that show proof of value.

12. DAO – Decentralized Autonomous Organization

It can be considered as a company that operates without any human intervention, and gives all forms of control to a set of Broken business rules.

13. PrivateKey – Private Key

A private key is a string of data that allows you to access a token in a particular wallet. As cryptocurrencies, they are hidden from all but the owner of the address.

14. PublicKey – public key

is paired with the private key. The public key can calculate the address of the coin, so it can be used as a certificate for owning the coin address.

15. Miners

A computing device or software that attempts to create blocks and add them to the blockchain. In a blockchain network, when a new valid block is created, the system generally automatically gives the block creator (miner) a certain amount of tokens as a reward.

16. Mining Pool

It is a fully automatic mining platform, which enables miners to contribute their respective computing power to mine together to create blocks and obtain block rewards. And distribute profits according to the proportion of computing power contribution (that is, the mining machine accesses the mining pool – provides computing power – obtains income).

17. Public chain

A completely open blockchain refers to a blockchain that can be read by anyone, can be sent by anyone, and the transaction can be effectively confirmed. Everyone in the world can participate in system maintenance, and anyone can read and write data through transactions or mining.

18. Private chain

The write permission is only for a blockchain of a certain organization or a specific few objects. Read permissions can be open to the outside world, or restricted to any degree.

19. Consortium chain

The consensus mechanism is a blockchain jointly controlled by a number of designated institutions.

20. Sidechains

pegged sidechains technology (pegged sidechains), which will realize the transfer of bitcoin and other digital assets between multiple blockchains, which This means that users can access the new cryptocurrency system while using their existing assets.

21. Cross-chain technology

Cross-chain technology can be understood as a bridge connecting various blockchains, and its main application is to realize atomic transactions and asset transactions between various blockchains.exchange, information exchange within the blockchain, or solve Oracle problems, etc.

22. Hard forks

The blockchain has a permanent divergence. After the release of the new consensus rules, some nodes that have not been upgraded cannot verify the blocks produced by the upgraded nodes. Usually a hard fork happens.

23. Soft fork

When the new consensus rules are released, nodes that have not been upgraded will produce illegal blocks because they do not know the new consensus rules, which will generate Temporary fork.

24, Hash——Hash value

Generally translated as “hash”, there are also direct transliteration as “hash”. Simply put, it is a function that compresses a message of any length into a message digest of a fixed length.

25. Main chain

The term main chain originates from the main network (as opposed to the test network), which is an officially launched, independent blockchain network.

Those who don’t know the “jargon” of the currency circle, come and learn:

1. What is fiat currency?

Fiat currency is legal tender, issued by the state and the government, and only guaranteed by government credit, such as RMB, U.S. dollar and so on.

2. What is token?

token, usually translated into token. Token is one of the important concepts in the blockchain. Its more widely known name is “token”, but in the eyes of professional “chain circle” people, its more accurate translation is “token”, which represents the district. A proof of stake on the blockchain, not a currency.

Three elements of Token

One is the digital proof of rights and interests. The certificate must be a proof of rights and interests in digital form, representing a right, an inherent and intrinsic value;

Second, encrypted currency, the authenticity of the certificate, tamper-proof, privacy protection and other capabilities are guaranteed by cryptography;

The third is to be able to flow in a network, thereby Verification can be done anytime, anywhere.

3. What is Jiancang?

Opening a position in the currency circle is also called opening a position, which means that a trader newly buys or sells a certain amount of digital currency.

4. What is Stud?

Coin circle stud means putting all the principal in.

5. What is an airdrop?

Airdrops are a very popular cryptocurrency marketing method. In order to allow potential investors and cryptocurrency enthusiasts to obtain token-related information, the token team conducts frequent airdrops.

6. What is lock-up?

Locking generally refers to investors opening new positions opposite to their original positions after buying and selling contracts, when the market moves in the opposite direction to their own operations, also known as pair locks, order locks, or even U.S. It’s called Double Flying Butterfly.

7. What is candy?

The candy in the currency circle is the digital currency that is distributed to users for free at the ICO of various digital currencies.

8. What is a break?

Breaking refers to falling below, and hair refers to the issue price of digital currency. A currency break is when a certain digital currency falls below the issued price.

9. What is private placement?

Private placement in the currency circle is a way to invest in cryptocurrency projects, and it is also the best way for cryptocurrency project founders to raise funds for the operation of the platform.

10. How do you see the K-line chart?

Candlestick Charts, also known as candle charts, Japanese lines, yin and yang lines, stick lines, red and black lines, etc., are commonly referred to as “K lines”. It is plotted with the open, high, low and close prices for each analysis period.

11. What is hedging?

General hedging is to carry out two trades related to the market at the same time, in opposite directions, equal in quantity, and offsetting profits and losses. In the futures contract market, buy the same amount of positions in different directions, and when the direction is determined, close the positions in the opposite direction, and keep the positive direction for profit.

12. What is the position?

Position is a market agreement that promises to buy and sell the initial position of the contract. The person who buys the contract is a long position and is in a position that hopes to rise; the seller of a contract is a short position and is in a position that hopes to fall.

13. What are the benefits?

Positive: Refers to the news that the currency has received mainstream media attention, or that there is a breakthrough in the application of a certain technology, which is conducive to stimulating the price increase, which is called a good news.

14. What is bad?

Bad: news that prompts a fall in currency prices, such as bitcoin technical problems, central bank suppression, etc.

15. What is the rebound?

The price adjustment phenomenon in which the currency price rebounds due to the rapid fall in the downward trend. The rise is less than the fall.

16. What is leverage?

Leveraged trading, as the name suggests, is to use a small amount of capital to invest several times the original amount, in the hope of obtaining several times the rate of return or loss relative to the fluctuation of the investment target.

❿ What do we need to know about the currency circle?

If you have just entered the currency circle and are about to start digital currency, don’t worry, be quiet first Take a look at the following content, I guess it will help you.

1. What is a digital currency wallet
Many people say that digital currency wallets are used to store digital currency. Generally speaking, there is no problem in understanding this, but in fact, digital currency money does not package digital currency, but A tool for installing keys (private key and public key), with the key, you can have the right to control the digital currency on the corresponding address, and use the digital currency collection address generated in the wallet to accept the digital currency transferred to you by others , you can also transfer the digital currency you own to others. In layman’s terms, it can be understood as a digital currency used to store and trade.

Second, the structure of the digital currency wallet
1. Address:
The wallet address is a string of strings, which is used to transfer money. The wallet address can be understood as a bank card number, which can be Tell anyone that anyone who knows your wallet address can transfer digital currency to your wallet address. Different digital currency addresses are also different. For example, the addresses of eos and btc are different.
2. Private key
The private key is a random number generated by the system through a cryptographic algorithm according to the random factor in the user’s environment. It can be regarded as a bank card password. For each transaction, the payer must issue the private key and the signature generated by the private key.
3. Public key
The public key is generated by the private key, and appears in pairs with the private key. The public key can calculate the address, which is mainly used to generate the address.
4. Password
When creating a wallet, you need to set a password. The main use of the password is: 1. The payment password when transferring money; 2. The password needs to be verified when importing the wallet. Passwords are actively set by the user, but are much less secure than private keys. The password mainly plays the role of double protection.
5. Mnemonics
The mnemonic is another form of the private key, and its function is equivalent to the private key. The mnemonic is generally composed of 12-15 or more English words. The mnemonic can find the private key and restore the wallet, so the mnemonic is very important. Most wallets will prompt the user to backup the mnemonic in order to restore the wallet.

3. Classification of digital currency wallets
It can be roughly divided into two categories, hot wallets (online wallets) and cold wallets (offline wallets)
(1) Hot wallets:
Also known as online wallet, it includes light wallet and heavy wallet (full node wallet). Wallets that need to be kept online can perform transaction operations directly.
1. Light wallet:
Does not store the complete blockchain, but only saves data related to itself. It is small in size and can be run on mobile phones, computers, web pages, etc.
Advantages and disadvantages: does not take up memory, supports a variety of digital assets, good user experience, fast for beginners, but transaction verification is slightly slower

2, heavy wallet (full node wallet)
It maintains all blockchain data, is completely decentralized, and synchronizes all data. With better privacy, the validity of transaction data can be verified locally.
Advantages and disadvantages of hot wallets: It has better privacy and faster verification of information, but it needs to synchronize data before each use, takes up a lot of hard disk space, and does not support multiple digital currency transactions.
(2) Cold wallet:
A cold wallet is a wallet that is not connected to the Internet, also called an offline wallet; such as a professional hardware device, or writing the private key (mnemonic) on paper.
1. Hardware wallet
Hardware wallet is to use professional hardware to store digital currency, and store the private key of digital assets in a chip, which is isolated from the Internet and is plug-and-play.
2. Paper wallet
Write the private key on paper for storage, and then delete it.

Advantages and disadvantages of cold wallets: relatively safe, but it is very troublesome to create wallets and transactions. It is more difficult for beginners to operate, and the price of wallets is relatively expensive, generally ranging from several thousand to tens of thousands of yuan. If you don’t have a large amount of digital assets, you can ignore it.

4. How to choose a digital currency wallet
Light wallets are easier and more convenient to use, generally support multiple currencies, and are generally suitable for newcomers to the currency circle or transaction and storage capacity Not used by small users. For example, the geekwallet
hardware wallet is not connected to the Internet, and has higher security, but the operation is relatively complicated, and it is generally suitable for users with a large amount of transactions and storage.

5. Precautions when using digital currency wallets

1. Keep the password well, once lost, it cannot be retrieved. However, you can reset your password with a mnemonic phrase (provided you keep the mnemonic phrase safely).
2. Keep the private key, the owner of the private key is the real owner of Bitcoin.
3. Keep the mnemonic phrase. Once someone gets the mnemonic phrase, others can transfer all the blockchain assets in the wallet corresponding to the mnemonic phrase.

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