Analysis: bitcoin prices rise BTC / dollar price stability, but is expected to fall

Reprinted from 100, author: ZGTOP news

The latest bitcoin news

In the severe market slump, bitcoin fell more than 80% from the 2017 peak, Zhao Changpeng is optimistic about encryption. We must pay attention to the bitcoin currency will have fallen copycat delay to the new level, some of them than the 2017 highs fell as much as 95%.

In conversation with CNBC, Mr. Zhao said he is not sure what is able to promote the market recovery, but with the expansion of the user base and the deposit rate, the recovery is inevitable.

Just read the TABB group (in a $5000 report) estimated trading volume OTC encryption market of more than 2-3 times the amount of the transaction. This means that the 1-1.5MM BTC daily trading OTC * *. It is strange to see in the block chain, chain block shows only 100k every day. Source: https://t.co/5AxY82DM38 pic.twitter.com/pJrDoazqdk – Eric Wall (@ercwl), July 29, 2018

In addition, with the block chain infrastructure to accelerate the pace, with the main participants comply with regulatory requirements, the growing strength of ecosystem. To this end, Binsi hopes placed in a strategic position, in order to attract more institutional interest.

After all, because of their solid technical and security infrastructure, as one of the few have yet to experience one of the hacker’s exchange. In addition, such as hierarchical transaction fee discount plan, create sub accounts and more support for corporate accounts and other incentives will contribute greatly to the institutions that are keen to diversify into the field.

BTC / USD price analysis

The weekly chart

As in other markets, BTC / USD in the last week of losses greatly, fell 14% last week, and in the strong trading volume behind the closing below key support. Although we expect prices will stabilize at the weekend, but the simple fact is that we bear market breakthrough pattern in 2018 lows below $5800.

This is not only on the value of coins and negative, between BTC and Altcoin (sometimes) may be directly related with selling and continue to stimulate the market fell further. According to the previous BTC / USD trading plan, we expect the price will be $4500 in support.

However, if the selling is strong, then BTC may be further reduced to $3000. In the $1500 range, buyers should find opportunities in the emergency support loading position.

The daily chart

If anything, our last BTC / USD trading plan is correct. With the cutting bitcoin prices fall and the support line, the whole bar printing price below $5800, we will further decline is expected next week. As mentioned earlier, we assume the direct goal is clear. The path of least resistance is to the south, we suggest that the sale is in retreat when. Security will stop in November 15th high of $6000.

Disclaimer: The views and opinions expressed are the author’s views and opinions, not investment advice. Any form of trade involves risk, before making trading decisions, so is your due diligence.

The article reprinted from NEWSBTC.

11 16 April bitcoin Market: a new low, short-term market will continue to shock, easy bit

A market point of view,

Following yesterday’s panic after the crash in today’s global digital assets appear sideways market. From the beginning of yesterday evening, the market panic continues, yesterday evening 2 Two : 3 Five The appearance of market lows, the lowest reach 1 Seven hundred and forty-nine point four five This is yesterday’s market of billions of dollars, the last panic down, then quickly rebounded today overall sideways. At present, due to longer, global market capitalization of digital assets reached $184 billion 459 million, compared to $186 billion 57 million yesterday fell 0.86%.

The trading volume, after yesterday’s panic selling, today 2 Four The overall market hours trading volume dropped significantly. The trading volume yesterday evening in the last panic after falling trading volume reached today is relatively high of $25 billion 362 million, followed by the market callback concussion, trading volume will decline. Up to 24 hours longer, trading volume reached $19 billion 902 million, compared to $24 billion 717 million yesterday dropped 19.48%.

The flow of funds, a large outflow of funds still today. The inflow of funds, more than 100 million yuan of total assets Three Item. today BTG Return to the top 2. Four The inflow of funds into the hour Thirteen point zero two Billion yuan; DASH today the inflow of funds 1 billion 1 million yuan, ranked second, TRX today also appeared 143 million yuan into the. The outflow of funds, a total of 6 assets outflow of more than 100 million yuan. BTC today for the large amount of outflow, 24 hours outflow amount up to 2 billion 921 million yuan; ETH outflow of funds has reached 766 million yuan today. BCH capital outflows followed by today’s capital outflow is 346 million RMB.

Message level, the Central Bank of Azerbaijan (CBA) said cancel the issue of state support encryption currency; and SV in an ABC coin worth a total of $418 more than the fire BCH currency quotation; Beijing Financial Holding Group Chairman Fan Wenzhong today in the “seventh China payment forum” to predict the changes in three aspects of future payment field may occur note: one is will disappear in the near future, the two digital currency will be the trend, the three is in the future there will be a unified global currency.

The mood of the market level, according to Alternative.me statistics, today the market panic index was 23, as compared to yesterday’s extreme panic, panic degree increased significantly.

Two, The mainstream of assets

Today, the overall market capitalization appears sideways market, not a mainstream asset price. The BTC following yesterday’s crash, today continued to fall 0 .59 %, BTC, to a new low, the current price of 5 Six hundred and fourteen Dollars. After BCH bifurcation, today fell 4 .39 %, the volume of transactions has synchronous atrophy. The remaining assets rose to a certain extent; the XLM today rises greatly, the 2 Four Rose 5 hours .44 %, XRP rose 3 .80 %, ETH rose slightly by 0 .44 %, the current price of 1 Seventy-nine point five Dollars.

BTC after the collapse yesterday still fell 2.92%, to $5749, unable to stand on the $5800 price integer. The market nadir occurred at 22:35 yesterday, the biggest decline in nearly 9%, for the last time yesterday’s market panic down, then rose concussion, finishing sideways today. From the current trend of the market should be the shock box here, the short term will not be low, because the amplitude is now widening, the small level of the entry point for short-term investors can participate in, but the risk is higher, which belongs to the tip of licking the blood behavior. In the long-term investors can temporarily abandon the transaction, said the firm $6600 is not the middle can not rise, not only the results of 6600 long unassailable, but breakdown down $6000, the long-term trend is worrying. The rest of the mainstream currency and BTC agreement, the probability of short-term bottoming formed low level box, the lower the probability that the medium-term trend is worrying.

Three, the list of assets

After the overall market fell sharply yesterday, today the sideways market. Today the Communist Party of China before the market value of assets 100 62 assets rise, 38 assets continue to decline. Rising assets, total assets rose more than 3 10%, which WAX asset 24 hours or the highest, rose fell yesterday after 13.65%, there was a substantial rebound, but trading volume is only 90 million dollars. MONA today rose No. 2, 24 hours rose 11.12%. The remaining assets of the larger trading volume, XLM today or higher, today rose 5.44%.

By assets, today’s decline has eased significantly compared to yesterday, only 1 assets fell more than 5%. The LINK 5.01% fell today, the largest decline in recent days, link trading volume significantly enlarged. BCH this morning hard bifurcation success, BCH today fell 4.39%, ranked second, trading volume synchronous atrophy.

In the daily trading volume of more than $50 thousand in assets is more active, there are today Four Assets rose more than 5 Zero %, but trading volume today or higher assets are low. The highest increase in assets is GBC, 24 hours up to 194.58%, but the transaction amount is only $50 thousand. WIZ today ranked second or 24 hours, up 79.57%. Today only COSM or TOP10 in the trading volume of assets of more than $1 million, COSM rose 29.35%, trading volume significantly enlarged in the afternoon today.

Assets fell, fell yesterday fell today. Today, BCH BCHSV fell 5 bifurcation of currency Three point eight one %, or at the top of the list, is for the trading volume of close to 4 000 Million dollars. TMTG today fell 34.98%, the trading volume of $9 million 570 thousand. The remaining assets fell trading volume are smaller.

Following yesterday’s market trading volume fell sharply due to the sharp rise in trading volume, this fall to some extent. Trading volume in the first 3 Zero The assets of the 8 asset trading volume rose slightly, 2 Two Asset trading volume fell to some extent. Higher than the overall rate of decline increases, but the sharp rise of several trading volume of assets. Today, GNT trading volume enlarged 32 times, 24 hour trading volume reached US $6 million 400 thousand, but prices fell slightly. MITH today’s trading volume also enlarged 1.5 times, mainly related to on-line Binance exchange. In addition, dash trading volume today still rose slightly, up 29.80%. The remaining assets or smaller trading volume rose. Today’s assets fell, greatly decline the market value of the larger assets, today ETC trading volume fell 41.61%. The mainstream of assets, trading volume fell, fell more than 1 Zero %. The BCH trading volume fell the most obvious, 2 Four Hours of trading volume fell 2 Three point eight one %; BTC today also fell 1 Eight point three eight %.

Analysis: bitcoin prices rise BTC / dollar price stability, but is expected to fall

The latest bitcoin news

In the severe market slump, bitcoin fell more than 80% from the 2017 peak, Zhao Changpeng is optimistic about encryption. We must pay attention to the bitcoin currency will have fallen copycat delay to the new level, some of them than the 2017 highs fell as much as 95%.

In conversation with CNBC, Mr. Zhao said he is not sure what is able to promote the market recovery, but with the expansion of the user base and the deposit rate, the recovery is inevitable.

Just read the TABB group (in a $5000 report) estimated trading volume OTC encryption market of more than 2-3 times the amount of the transaction. This means that the 1-1.5MM BTC daily trading OTC * *. It is strange to see in the block chain, chain block shows only 100k every day. Source: https://t.co/5AxY82DM38 pic.twitter.com/pJrDoazqdk – Eric Wall (@ercwl), July 29, 2018

In addition, with the block chain infrastructure to accelerate the pace, with the main participants comply with regulatory requirements, the growing strength of ecosystem. To this end, Binsi hopes placed in a strategic position, in order to attract more institutional interest.

After all, because of their solid technical and security infrastructure, as one of the few have yet to experience one of the hacker’s exchange. In addition, such as hierarchical transaction fee discount plan, create sub accounts and more support for corporate accounts and other incentives will contribute greatly to the institutions that are keen to diversify into the field.

BTC / USD price analysis

The weekly chart

As in other markets, BTC / USD in the last week of losses greatly, fell 14% last week, and in the strong trading volume behind the closing below key support. Although we expect prices will stabilize at the weekend, but the simple fact is that we bear market breakthrough pattern in 2018 lows below $5800.

This is not only on the value of coins and negative, between BTC and Altcoin (sometimes) may be directly related with selling and continue to stimulate the market fell further. According to the previous BTC / USD trading plan, we expect the price will be $4500 in support.

However, if the selling is strong, then BTC may be further reduced to $3000. In the $1500 range, buyers should find opportunities in the emergency support loading position.

The daily chart

If anything, our last BTC / USD trading plan is correct. With the cutting bitcoin prices fall and the support line, the whole bar printing price below $5800, we will further decline is expected next week. As mentioned earlier, we assume the direct goal is clear. The path of least resistance is to the south, we suggest that the sale is in retreat when. Security will stop in November 15th high of $6000.

Disclaimer: The views and opinions expressed are the author’s views and opinions, not investment advice. Any form of trade involves risk, before making trading decisions, so is your due diligence.

The article reprinted from NEWSBTC.

A purse “mnemonic words” do you want to know is this

With my wallet users know, in the use of the wallet before will let you backup 12 words. Operation is not allowed during the backup, and continues to emphasize the 12 words is very important, the best use of physical backup, the backup side do not have any people.

For ordinary users, if only to emphasize the importance of their mnemonic conclusion, without telling the reason behind it is very difficult to arouse the underlying power of people, probably a few days to forget the importance of mnemonic words (Tracy has seen a lot in the group calling themselves because the mnemonic loss caused by the bankruptcy of the cup).

As ambassador cheetah blockchain, today small leopard will come and talk to help remember the words and the story behind it.

Mnemonic word English is Menonic, in most people’s minds, mnemonic word = private key is to import the wallet tool, actually exactly mnemonic words than the private key, then, to help remember the word in the end is come from, a mnemonic word in the end what is the use?

Multi account demand

Let’s get a real life example of an analogy, generally speaking, our presence will have a lot of money in the bank account, some accounts to buy pancake fruit is used to change the account, some Corporate Banking Services accounts, some deposit assets account. These accounts only need a card you can handle, we can log in online banking account with a lot of ID card, if the bank card is lost, can also go through by ID. In real life, the ID card is very important.

The digital currency in the world, the truth is the same, in order to facilitate business, we usually want to have multiple accounts, to meet the different needs of the scene. If the accounts are created each time a private key is generated in the chain, it is like for each bank card to the memory of a long list of bank card number as anti humanity.

To reduce the probability of error

As everyone knows, in the world, as long as the private key, you can unlock the account, but generally the private key is composed of a long string of 64 bits, if we want to create 100 accounts, then we have to remember 100 private keys, record and save the cost is very large, moreover, in the process of recording mass the private key, may also appear on the address and private key does not match the problem, sum up or record the wrong letter be negligent, and so on, and the probability of error is very high, because this digital currency “only the private key does not recognize people” features, these small errors are likely to result in assets can not be recovered.

The protection of privacy

Because of the block chain chain of public public property, all transfer chain records of anyone can be found, if the same account associated with the income and expenditure is too much, we can eventually work out some clues to some of you and give up the transaction, so, in order to consider a lot of privacy, privacy of our business usually create a new account for the transaction.

Smart developers in order to solve the above problems, the proposed Bip39 protocol. The Bip39 protocol is the full name of Bitcoin protocol, was originally proposed by the bitcoin community developers, later recognized by the other main block chain project, and then become the industry consensus and norms.

The core of BIP39 protocol is composed of 12 words to determine their own accounts, 12 words will generate large seed, select a number from 256 in 2, due to a number of randomly generated is very large, so don’t worry about 12 words generated will be repeated.

12 a word generation account is fixed, 12 words get you can create as many private key, public key and address.

Use the formula to express the relationship between them, can be written in the following form:

The private key algorithm 1 = (mnemonic)

Public key algorithm = 2 (private key)

The public key hash algorithm (public key) = 3

Address = 4 (public key algorithm Hashi)

So, the address = 4 algorithm (algorithm 3 (algorithm 2 (algorithm 1 (mnemonic))))

Of course, 1, 2, 3, algorithm 4 is open algorithm.

The cryptographic assurance, word order and content generation is not likely to repeat, the mnemonic word, we can generate any public chain address, how much the address can generate the number.

You can through the https://iancoleman.io/bip39/ generated mnemonic mnemonic words or view the corresponding private key, public key and address.

The BIP39 protocol is almost all public support chain.

Small leopard leopard with private Matemask mnemonic word did an experiment:

As you can see, remember the words created through my Matemask account address, website address is generated and the even order is as like as two peas, highly consistent.

 

Technical point of view to understand mnemonic words

From a technical point of view, BIP39 is a sequence of words memorizing words by 12, through the PBKDF2 and HMAC-SHA512 functions to create a random seed as the seeds of BIP32 (usually 16 hexadecimal).

Compared to the BIP32 protocol, we can see that a more friendly backup:

//BIP32 random number seed

090ABCB3A6e1400e9345bC60c78a8BE7

//BIP39 mnemonic seed

Candy Maple cake sugar pudding Cream Honey rich smooth crumble sweet treat

 

Use a mnemonic word as the seed actually consists of 2 parts: mnemonic word generation and mnemonic words derived from a random seed.

Generation of mnemonic words

Mnemonic word generation process is like this: Mr. 128 a bit random number, plus a check on the random number 4, get a number of 132, and then press 11 to make each segment, there are 12 binary number, and then use the word table to check each number the definition of BIP39, so as to get 12 mnemonic words, this process is illustrated as follows:

  

Mnemonic words derived from seed

This process uses a key tension (Key stretching) function is used to enhance the security of weak keys, PBKDF2 is a key algorithm commonly used in drawing.
The basic principle of PBKDF2 is through a random function (for example, the HMAC function) mnemonic word plaintext and salt values as input parameters, and then repeat the operation eventually produce a longer (512) key seed. The seed and then build a deterministic wallet and derives its key.
Key stretching function takes two parameters: the mnemonic and salt. Salt can increase the difficulty of brute force. Salt by the constant string “mnemonic” and an optional password, pay attention to the use of different passwords, then stretching function produces a different seed in the use of the same mnemonic conditions, the process diagram under:

Mnemonic to promote the popularity of the blockchain

A mnemonic word, any transaction, we can create a new account, the money inside the account can also be free transfer.

In the world, only need to remember 12 simple mnemonic words, indirectly remember all the assets on the block chain, just like real life identity as convenient and efficient.

A mnemonic word, greatly reducing the cost of ordinary users, from the experience is very friendly to the user, it pulled into the block chain and the general public distance, but also to meet the privacy problem of high-end users. It can be said that the BIP39 protocol greatly promoted the popularization of the blockchain.

Some may say, “I hate English ah, let me remember 12 English words, is to be my life!”

For this part of the user first I do not comment, but the smart developers would think of this, BIP39 protocol is currently supported by several major languages, English, Japanese, Spanish, Korean, French, of course Chinese, so we can use the 12 Chinese characters as mnemonic words.

Even if 12 Chinese characters can’t remember it, then I can only say that the world is a donor, block chain with you no chance, find a good man to marry.

Of course, everything has two sides, although the mnemonic word brings a lot of convenience, but also the birth of the additional security risks, that is once the 12 word leaked, or hackers to obtain, mnemonic is not encrypted in any private key. Are you a mnemonic word, can not easily take away your assets control.

Give you a few suggestions here:

(1) mnemonic word is your digital world’s lifeblood, killing all can’t tell anyone.

(2) must be repeatedly verified backup mnemonic word is correct, once the wrong one or two letters, to find the correct subsequent mnemonic word will bring great difficulties.

(3) the mnemonic word is best memory with the human brain, really afraid to forget, backed up with the physical way, after a good backup, be sure to keep (any networked storage devices do not use).

Ratingtoken official website: https://www.ratingtoken.io/ from=z?

Crypto currency collapse, no snowflake is innocent

 Crypto currency collapse, no snowflake is innocent

The second half of 2017, bitcoin after nearly ten years of dormant usher in the explosive growth, reached the highest value of $19212. This not only attracted the attention of the media, also let the fantasy flourishes investors into the office. Although most high after a few months, bitcoin prices have decreased significantly compared to the end of 2017, but with the continuous media hype, currency circle V and incoming investors, bitcoin prices in 2018 months remained at more than $10000.

Google trends data show that the “Bitcoin” in the heat of the 2017 year of the highest value, and keep the heat for a few months. At the same time, the “digital currency” and “ICO” also heat during this period reached the highest value. It can be said by the end of 2017 bitcoin skyrocketing make bitcoin financial star, lack of common sense technique and economics speculators flocked, pushed up the digital currency price also let ICO, digital currency exchange has become a hot word at that time, all kinds of tokens and digital currency exchange stage.

 Crypto currency collapse, no snowflake is innocent A large influx of hot money and the new currency to the total market value of encryption currency to a climax, the peak of more than $795 billion. However, as of the time of writing, Coinmarketcap data show that the global encryption currency total market capitalization is only $183 billion 700 million, compared with the peak period decreased by 77%. Digital currency market is not only filled with all kinds of tokens, but also through the new ICO token is created by the project Everfount, give these tokens with beautiful white paper profit fantasy to attract speculators, speculators believe each digital currency will continue to grow, but no firm reason to support his idea, the greedy driven by financial motivation will be digital currency price to the unreasonable and unsustainable situation.

In the long run, fanatical speculators thought caught hold of a free road to wealth on the ropes, desperately climb, to the end of the rope is still be careless with Butch wolf.

Dream of riches to currency speculators circle crazy money, but it was really control the Reaper cruel harvest. Some of the projects to send the air and then run away, put the coins, a feather to be harvested retail. In the name of rights under the banner of speculators continue to emerge, such as OK founder Xu Mingxing niusong to the police station, the impact of OK headquarters or threatened Dutch act, these speculators attempt to pass the brutal way to recoup their losses.

In fact, no matter where, in what areas, fish from the law does not change, the retail speculators thought he mastered the rules of the game, with incoming, did not think they are waiting for more tragic harvest.

In the face of soaring encryption currency price, some money ring media also lost the reason, it is out of his mind, as it is also profitable to coin media found coin circle chiefs whitewash of various reports, no landing project also may appear in the public view of stately.

This kind of behavior has produced three bad consequences, one is to stimulate the speculative retail nerve, make them more attractive; the two is to let some of the garbage project, the starting point is the RMB quanqian project rapidly expand, causes more harm; three is to continue to report the currency circle chiefs coin ring out of balance. The coin ring is completely become a minority of the stage, in this case, the case of a gangster run away, the harm is tantamount to breaching of the dike arena.

If the speculators and media acts as a booster role in the war in no harvest, so some of the projects are really doing quanqian run away, as clear as noonday. ICO is the result of encryption is another important reason for the collapse of the currency, ICO allows speculators become early investors in a project, and the ICO is difficult to receive strict supervision, to become risk enthusiasts and fraudsters xiangbobo in this great extent.

According to Morgan Stanley said in a report released this year 6 month ICO said investors has caused losses of up to 6.3 billion dollars, 2017 of ICO, 32% and ICOdata.com were unsuccessful; at the beginning of this year 6 month data show that this year has launched the 777 ICO, has been raised to nearly 50 billion dollars. It is estimated that the average life of these projects is only 15 months, of which up to the $4 billion 500 million project will fail before 2020, the failure rate as high as 90%. Unidentified investors carries rich dreams into the Council, to spend money to buy only a few code generated tokens, and then the fantasy of price soaring, onto the pinnacle of life, the person in charge of the project at any time can not knowing the pretext of “exit scam” with the money.

The following are typical ICO scheme

ACCHAIN, PUYIN, & BIOLIFECHAIN
Shenzhen Pu silver block chain company for the project has raised more than $6000 million for its 3 projects, after the government announced a ban on ICO, six project leader was arrested for “export scam”.

CRYPTOKAMI
False comments in the anonymous development team, create a new website and the forum under the help of the project in the project site and the accounts of all closed before investors were attracted more than $12 million.

BITCONNECT
Through multi platform marketing activities actively, BCC’s market value soared to become one of the best 2017 performance of encryption currency. In the UK received notice of cancellation of the Registrar of companies, and then terminate Dezhou securities board order, the digital currency at the same speed crash.

But this is just the tip of the iceberg, Coinmarketcap digital currency record up to more than 3000, only 2080 at present, and most of them are not the circulation of zombie coins. There is no retail speculators in the digital currency project understanding, can not be a clear understanding of the progress of the project case, money to buy digital currency means high risk.

Digital currency exchange is also an important factor leading to the collapse of the emergence of digital encryption currency, currency exchange for digital currency trading scale, improve the convenience of digital currency transactions also allow more retail investors into the Bureau, more funds into the currency circle, but also more conducive to the project “false financing”, so as to make a bigger scam.

Xiao Ming study notes | cannot read BCH is how war ended? Click here

 Xiao Ming study notes | cannot read BCH is how war ended? Click here Editor’s note: a lot of block chain related to technology, from the Internet to the bottom of unknown Li Jue cryptography, but tend to focus on the currency value and of fewer people. The bull market, we will also work hard in order to currency speculation, bear, anyway, nothing special, I think we can work harder. As a liberal arts students, of course I will have a lot of science students feel it is very stupid question. As a journalist, I am not difficult to find people who understand the words to explain to me, and they tend not to abandon me.

This is Xiao Ming study notes fifth, others become popular. After want to study the random algorithm, source of history and culture. If there are other interesting problems and questions, welcome contribution.

– this is the text of the dividing line is gorgeous

The two day money ring fire than BCH force war. But in each group, there are still a lot of people do not know the truth about this gap in the war jumped out of the question: “so what they’re for what”, “no matter the outcome, finally will hold a large number of ABC and SV”. In the side with the buddy and each group in the science of several basic concepts, I found no oral science, too much work, decided to write an article. This paper is based on the I in the interview reported by BTC and BCH bifurcation, consult with the interviewee, I didn’t learn the text, if any questions please correct me.

What is the bifurcation (Fork)?

This word is mainly applicable to the bifurcation of Ethernet square and bitcoin and other public network chain, can also be understood as the original version of the software based on some modification. It can download the client software of mining, mining bitcoin miners are actually using the client in the dig, the way to use the Internet to say something like this in the “client software upgrade”.

For example, the bifurcation is a bit like after creating the Android system in Google, allowing developers to make some modifications to the Android system, but does not allow huge changes, such as millet and Meizu are based on Android created its own version of the system, each user is not compatible, can only choose to run a system.

(don’t ask me why I use Android for example instead of WeChat, because WeChat is not open source, who can not copy it with bitcoin code, the situation is completely different. Android is already I can think of the most people in the use of open source software. A friend said cannot read the example of Android, then I will more easy to understand by the throne will be more examples but not accurate).

The following may occur similar bifurcation:

1, the normal version of change, the core development team to do their own software upgrade (normal turnover throne):

Bitcoin, etheric Fang and BCH, “the official upgrade” many times. In fact, the etheric Fang TheDAO attack once, finally is the whole community referendum, decided to abandon the original bifurcation, hacked version of their money back.

2, other developers take the chain code to do some modifications to release a chain (a new era next door):

For example, many early currency Wright coins, coins and other dogs, are copied bitcoin code, made some changes, he sent a chain. So these coins objectively called “bifurcation money” or “competitive currency”, bit God men usually referred to them as “copycat money” — the “copycat” bitcoin currency.

The essence of the birth of BCH also belong to this, but BCH had had a relatively large, after all, is after the expansion of consensus at all when the accident was born: Bitcoin ABC Bitcoin Cash team unilateral branch, namely BCH, is called the “coup community”.

Due to Jihan Wu and bit mainland investment pool ViaBTC first announced support for BCH, some people think that BCH is the birth of Wu Jihan conspiracy. But this argument was negative BCH and Jihan Wu, and later bitcoin Jesus also publicly supported BCH, BCH has gradually become the biggest bifurcation of currency.

3, in the community of other developers are not too cool, do a chain (entropy wins drama): This is actually second. The difference is that this usually play more often involves “entropy wins – Drama prince was soon arrested”, the two Prince ran out and said I was how to support the next generation of the king, who wins depends on who won the. For example, the original BTC bifurcation before, originally thought to start a community vote count force.

The results on the eve of the vote, the one called Bitcoin ABC’s team out shouted “Chu Xing, Chen Sheng Wang”, declared independence, self-reliance is king, so in fact BCH not take office, Wu Jihan has always insisted that BCH go a different way with BTC.

(in order to avoid ambiguity, I will not explain the hard and soft bifurcation bifurcation, that belongs to the hard branch, want to know friends can see this article. This part of the statement, and we usually say mining occasionally a little different bifurcation, the bifurcation is temporary, eventually one).

This is a war and what is the difference?

This is not exactly what force war situation. Because the above is according to the version / software publisher identity, so third. But CSW’s approach was to bitcoin branching off BCH, the two sides are not open “replay protection”, means that they are still a chain, only live side.

You may want to ask, what is the replay protection?

Generally speaking, when the block chain backbone network hard bifurcation, block chain permanent differences and produce two transaction history, address, and balance completely corresponding private key chain. The two chain address and private production of the same algorithm, the transaction format is exactly the same, in theory, the two strand can be recognized and identified, so in which you initiated a chain of transactions, to the other chain to broadcast, may also be confirmed.

Such as Ethernet from ETC bifurcation to hard square before ETH, hackers continue to charge in the currency exchange (ETH) and currency (ETH) operation, resulting in the loss of a large number of exchange rather baffling ETC, this is the “replay attack”. (in fact, there is no exchange thought and the miners in ETC mining.)

If you join the replay protection, you can avoid this situation, the specific way is to change the code, add a random number, timestamp, or serial number method can form in isolation between the two chains, a chain of the transaction is invalid is identified in the other chain, to ensure that the two data sharing chain independent operation.

So if the two sides do not change the code, it will not bifurcate, only in accordance with the principle of long chain “is war. “The longest chain” principle is a bitcoin rule, because bitcoin itself appears some temporary node bifurcation “, had to choose in the chain and then dig is according to the” longest chain principle “– this translation is actually a problem. ” the longest chain “is precisely the” maximum force, accumulated the difficulty of the chain. “ Jiang drow in his essay, wrote that, such as node will accept 2 difficult 10 block, which abandoned 3 difficulty 5 block, because 10+10=20>15=5+5+5. It is generally considered the greater force, a block will be faster, because of the difficulty of adjustment will take some time.

This is now the war force: the existing computing power by ABC and BSV, their choice of different client dig, dig a longer chain.

The theory of neutral / rational nodes according to the rules, will accept the longer chain, because the chain according to the rules will survive — is now the two sides have not according to the rules or reason in the play.

At present, even if BSV is temporarily fall behind, as long as there is always a force dug in the chain, the chain will be there. Until either give up, don’t put any stress, this chain does not exist, he had dug out the currency equivalent of all zero – this is called surrender. Of course, he also has another option is to open or modify the replay protection algorithm is equivalent to the declaration of independence, finally divided into two kinds currency.

War in the ABC after the release of the hard 11 month CSW bifurcation solutions, in 8 months to produce a new version, but his meaning is “I don’t want the original version, but also do not want to split, independent, is to take ABC instead”. The final result will be two dollars, to see both sides how to think.

Of course, there is a more “brutal” force war, is the use of his own advantage, directly with each other is blocked chain, let not trading. Is actually the 51% force attack, Yanchel can reach the effect of specific said:

Through the 51% attack, can complete a variety of purposes, such as:

In 1, Tx1 (1 transactions) after confirmation, cancel out Tx1, let another conflict Tx2 (2 transactions) effect.
2, with their own digging blocks (red blocks), isolated out other miners dug block (blue block), let the other miners mining output loss.

Based on the 51% attack, can carry out the “51% space block attack: the attacker only a block (not including any transaction (block), do not accept any other miners dug out isolated), normal package block, let the chain paralyzed, anyone can not be a normal transaction. And, because the miners in the chain dug blocks are isolated, no mining income, it will gradually stop mining, finally the chain died.

But the two sides are not in this way, perhaps because of economic reasons may feel that this is “not just”, but only if both sides know the real reason.

Exchange play what role?

If there is no surrender or unilateral independence, theoretically exchange will always stop currency or recharge. It is an intermediate state, do not know which strand will win, no new money produces. Not on the spot exchange transactions of futures, up to.

However, when it split into two coins, how to split out the fate of this coin exchange, the choice is very important. This assumes that the BSV was born out of a currency exchange currency, but not on this coin, not trading is not a floor price, no one would be willing to dig up the money, because there is no sense to dig. Plainly, the miners willing to dig BCH is essentially because of money, so the price tends to be proportional to the force is.

This is why the currency circle of old Wu Gang said, is just a part of the consensus, not all.

However, only supports unilateral exchange may be very rare. In the interests of users, the probability of exchange is neutral, if there are two dollars, I will support synchronous release to the user, and then slowly on the trading of. For example, an announcement is a typical neutral currency:

Hard currency to support the BCH bifurcation, Ann will snapshot at 0:40 on November 16th, and suspended BCH recharge, in November 15th 23 withdrawals. Because the BCH bifurcation may appear hard (BCHABC), Bitcoin Cash ABC Bitcoin Cash SV (BCHSV), currency will be 11 16, an 0 40 BCH/BNB, BCH/BTC, BCH/ETH, suspended transactions on the BCH/USDT, the processing scheme is as follows:

1:BCH did not have a hard currency new bifurcation bifurcation, currency security will resume trading, transaction specific recovery time will be announced separately.

2:BCH bifurcation and bifurcation hard new coins, coins will be based on ANN snapshot 1:1 distribution BCHABC and BCHSV, after the completion of the transaction time distribution to be announced.

I’m Odaily the daily planet editor Lu Xiaoming, exploring the real exchange block chain, broke the news, please add lohiuming, please note Name, unit, position and reason.

Before the first phase of the study of the virtual machine (“the study notes | Xiaoming understand the block chain cross chain mechanism”), the second stage is the cross chain (“the study notes | Xiaoming understand the blockchain virtual machine”), third “the study notes | Xiaoming understand the Internet TCP/IP Protocol”, the fourth period is “the study notes | Xiaoming understand verifiable random function VRF”

Related reading:

Bitcoin expansion around the corner, facing the risk of a currency price bifurcation, week plummeted four percent

Bitcoin expansion of the dispute, the revolution will move towards the future, or to divide?

What is hard is what soft bifurcation, bifurcation, what is the consensus?

Further bitcoin principle (thirteen) – hard and soft bifurcation bifurcation

BCH bifurcation no replay protection, what does this mean?

Replay protection play what role in the digital currency bifurcation? | blockchain class No. 25 Q

[the world] for a righteous cause, when mixed (lower) is reached

11 16 April blockchain data daily “BTC&ETH”

BTC data daily

Analysts view * *

Yesterday by the BCH bifurcation hard events, BTC was ushered in a wave of market, exchange related chain data showed significant growth: exchange inflows yesterday rose 132.60%, compared with growth of 48.16% out of the exchange yesterday, two indicators have reached the peak of nearly 7 days. The chain based index had no obvious change: the new and active address yesterday declined slightly, but the index is still in the near 7 on high.

Active BTC chain

Yesterday, BTC new address number is 339808, representing a decrease of 2.48% over the same period last week the day before yesterday, the new address is reduced by 0.64%;

BTC 717749 is the number of active address yesterday, reduce 1.40% earlier, over the same period last week active growth of 2.53%,

Nearly 7 days are added to address number 327993, number 663186 daily active. The new address yesterday compared to the number of daily increased 3.60%, increased 8.23% than the average daily number of active.

BTC exchange chain dynamic

Yesterday BTC exchange inflows is the number 88360, representing a growth of 132.60% over the same period last week to exchange into the day before yesterday, an increase of 345.66%; BTC is the number of Exchange yesterday out of 58743, compared with growth of 48.16% over the same period last week from the day before yesterday, the exchange increased 150.70%.

Nearly 7 days into the exchange number is 31025, the average daily flow exchange number is 26761. Yesterday is the daily increase in 184.81% exchange inflows, outflows exchange number compared with the daily increase in 119.51%.

BTC large transfers of Statistics

1760861 BTC is the total number of large transfers yesterday, representing a growth of 313.03% the day before yesterday, last year the total growth of large transfers 401.35%;

The sun was nearly 7 large transfers for the total number of 506556, yesterday the daily increase in large transfers than the total number of 247.61%.

ETH data daily

The * * * *

Yesterday, Fang new trading Ethernet address 49195, and the -1.93% rose, and the active address 365638, 9.55% year-on-year growth.

Exchange inflows 885401, which accounted for 51.44% of the large outflow; exchange 756677 large, accounting for 37.45%. The exchange balance is out of state, the exchange rate rose 74.73%.

Analysts view * *

Yesterday BCH hard bifurcation events, ETH chain data exchange related indicators of the most significant growth, inflow and outflow of exchange and the exchange of the internal exchange rate soared across the board. Exchange rate from the point of view, yesterday’s trading activity is more concentrated in the contract exchange, OKEX exchange rate as high as 135.24%, nearly 7 peak, and last week compared to the same period increased by 216.91%.

But this effect is limited to the exchange, on the basis of the index effect is not obvious. In contrast, very little change and the address of the new active Ethernet square, in the normal range. Therefore, the market volatility is not caused by changes in the intrinsic value of the etheric fang. In the long term, prices will gradually return to the etheric square to its valuation.

Active ETH chain

Yesterday, ETH new address number is 49195, representing a decrease of 1.93% over the same period last week the day before yesterday, the new address of an increase of 8.76%; yesterday ETH active address number is 365638, compared with growth of 9.55% over the same period last week the day before yesterday, the active growth of 28.53%.

Nearly 7 days are added to address number 47628, number 327005 daily active. The number of new address yesterday than the average daily increase of 3.29%, the number of active address than the average daily increase of 11.81%

ETH exchange dynamic statistics

Yesterday ETH exchange inflows is the number 885401, representing a growth of 16.24% over the same period last week to exchange into the day before yesterday, an increase of 128.44%; ETH is the number of Exchange yesterday outflow of 756677, representing a decrease of 8.99% over the same period last week from the day before yesterday, the exchange increased 86.83%.

Nearly 7 days into the exchange number is 473664, the average daily flow exchange number is 463263. Yesterday is the average daily exchange inflows increased 86.93%, compared with the number of daily exchange outflow increased 63.34%.

ETH large transfers of Statistics

1824699 is the transfer of large number of ETH yesterday, a growth of 250.52% over the same period last week the day before yesterday, a total increase of 174.48% large transfers;

The sun was nearly 7 large transfers for the total number of 626371, yesterday the daily increase in large transfers than the total number of 191.31%.

ETH exchange large transfers of Statistics

Yesterday a large inflow of ETH exchange number is 455425, compared with growth of 299.32% over the same period last week to exchange into the day before yesterday, an increase of 273.67%; a large outflow of 283394 ETH yesterday is the exchange number, a growth of 321.79% over the same period last week from the day before yesterday, the exchange increased 273.37%.

Nearly 7 days are a large inflow of exchange number is 140924, the average daily number of 86828 large outflow exchange. Yesterday a large compared to the number of daily exchange inflows increased 223.17%, large number of outflow increased 226.38% than the average daily exchange.

ETH exchange turnover statistics

From the analysis of turnover growth angle, general average 112.28% growth Exchange yesterday; the average growth of 109.53% exchange contracts, currency exchange average growth of 124.96%. Among them, the transaction volume growth in exchange for the highest percentage of Kraken, an increase of 194.55%; the lowest exchange is Huobi, an increase of 49.57%.

Ordinary exchange ETH turnover compared to the same period last week the average growth of 449.48% average growth of 259.93%; contract exchange; currency exchange average growth of 124.96%.

ETH exchange balance & change statistics

The overall balance is ETH Common Stock Exchange yesterday out of state, a state contract exchange inflows; currency exchange inflows showed state;

Ordinary exchange overall last year ETH balance is out of state, exchange contracts over the same period last week was the balance of ETH inflows; currency exchange is out of state.

Exchange ETH exchange rate statistics

From the change of exchange rate of the exchange, the common exchange yesterday the highest growth rate, the average turnover rate was 113.33%, the lowest growth rate of currency exchange, an increase of 12.79%;

Compared with the same period last week, the general exchange of the highest growth rate, the average turnover rate was 452.85%, the lowest growth rate of currency exchange, an increase of 124.51%;

Stable currency statistics

USD stable currency yesterday the total supply of TUSD is the highest, the total supply of 158145216 pieces. USD stable currency yesterday the total supply of USC is lowest, the total supply of 156643 pieces.

The past 7 days most of the USD stable currency supply growth in total, the growth of USDC is the highest, increased by 9019219; the largest reduction is PAX, reduced 3207570.

A new index of leek

Searchain.io “new leek index”: yesterday ETH new leek accounted for 39.52%, compared with the decline, down 2.64%, compared with the same period last month fell 0.45%. [definition address within 45 days of the newly created new]

BCH bifurcation hard back: “replay attack” user self-help guide

On November 16th at 2:16 in the morning, BCH occurred in 556767th blocks of highly hard bifurcation, bifurcation of war ended, divided into BCH ABC and BCH SV two camps.

In the hard BCH ABC bifurcation, BCH and SV both sides are not “replay protection”. That is to say, the bifurcation, in theory, replay attacks will likely lead to zero and not force any party consensus collapse.

What is the “replay attack”

The traditional computer terminology, replay attack (Replay Attacks) also called replay attack, replay attack, refers to the attacker sends a destination host has received packets, to achieve the purpose of deception system. The replay attack may occur in any network communication process, is one of the Computer World Hacker common attack. Mainly used for identity authentication process.

In the block chain, replay attack (Replay Attacks) usually occur in the blockchain hard bifurcation, refers to “a chain of transactions in the other chain tend to be legitimate”.

A simple example can explain what is the “chain block replay attack”:

To a small A can not effectively identify payment (in this case, you can not determine which payment) of the Brewery Beer, when he put the show with the success of Alipay payment payment information to sales, sales staff to give him the beer. Then again the small A to show the last payment information to another salesman, the salesman gave him a beer. As long as the small A continue to show his payment information, you can get Everfount beer, the brewery is being replay attack, the loss of countless beer.

The BCH bifurcation hard, BCH by a chain into two chains, get support and continue to operate under the condition of the two chains, another out of the chain and the bifurcation of the assets of BSV is BCH, ABC and BCH SV are. Because of the lack of replay protection, bifurcation after if you leave it, let it grow, this time there will be such a situation: you trade in the SV chain, due to the same address, algorithm and transaction format, get the ABC chain to broadcast, there may be admitted to ABC chain, the same transaction operation. Once an attacker using this vulnerability, we charge provided in exchange (BCH SV), you can get extra BCH ABC.

This means that there is no BCH user assets replay protection has been exposed to the risk, more serious, will also lead to collapse and zero force consensus.

“Replay attack” origin: Ethernet square hard branch

7 2016 20 in the evening, the Ethernet 192 million square block height hard fork, produced a chain, and are called ETH chain and ETH Classic chain, the above tokens are called ETH and ETC.

The address and the private key algorithm both strands of the same transaction format are exactly the same, which is likely to result in a chain of transactions in the other chain is completely legal. So in which you initiated a chain of transactions, on the other chain to broadcast, may also be confirmed.

Because there is no prior plan, many people use this loophole, the ongoing ETH charge provided in exchange for additional ETC. “Replay” can be redefined in the blockchain world.

Influence of replay attacks, for users, the etheric square currently there are problems. Because ETH and ETC have good economic capacity, and if the user cannot solve their own operations may be replayed at the same time, he wants to sell an asset to retain another asset, or to separate, or only in exchange for assistance in order to achieve.

Response: the first separation retransaction

Since BCH has the bifurcation of without replay protection, is reproduced can not be avoided, so, in order to avoid losses, exchange and users are necessary before the new deal, the holdings of BCH ABC/BCH SV were isolated.

Let us look back two upgraded version of BCH: bitcoin ABC 0.18.2 and bitcoin SV 0.1.

The main change is the Abc0.18.2 protocol version adds two operation code OPcode, OP_CHECKDATASIG (CDS) and OP_CHECKDATASIGVERIFY (DSV); sorting sorting rules in transaction blocks from the topology (TTOR) into a canonical ordering (CTOR).

The main change is the SV0.1 protocol version restored the bitcoin four earlier operation codes OPCode, OP_MUL, OP_LSHIFT, OP_RSHIFT, OP_INVERT; delete each script 201 operation code restrictions; improve the block size limit to 128MB.

The two version update operation code, who already holds the BCH users, using the new OP code trading operations, should be separated and operating accounts more secure.

The separation of the most simple and effective way is in the 100 blocks of the split point, buy a little coinbase transactions from the mine pool UTXO, sent to your BCH wallet, and then all the disposable balance transferred to a new address. Only in a chain to do so once, you can completely separate.

Separation of two kinds of assets, the new OPCode you can use, not to have the new OPCode security risks in BCH on the chain caused by replay.

This aimpil (SECBIT) laboratory to remind the BCH holder and support ABC/BSV exchange, before the separation of you / your user BSV, to avoid losses replay, cautious use of the new OPCode in the transaction.

Hubei Jingzhou sentencing “bitcoin fund” case of network marketing! Two men were jailed for seven years

Financial IQ tax recently learned that Hubei province Jingzhou City Intermediate People’s Court (hereinafter referred to as the court of second instance) sentenced to bitcoin fund “in the name of the case of network marketing. The man in a trial period were sentenced to seven years and fined 30 yuan.

In 1 2017, Hubei Province, Jingzhou city man Xia Moubo learned that Zhaotong city of Yunnan Province Zhou officer on the Internet sale can set high buy bitcoin robot software, selling low see profitable, they offer Shiguan week to build bitcoin fund trading network platform to raise funds, and then use bitcoin robot software for profit manipulation.

They agreed to bitcoin arbitrage funds for projects, build a named “BTC fund” platform. Subsequently, Xia moubo wantonly release of the platform of financial products advertising on the network, and the establishment of WeChat group, Zhou Mouguan sent by the false video group platform profitable, to attract investors. With the identity of others incorporated in Hubei Hong Kong Special Intelligent Technology Co Ltd.

During the operations of the platform, investors through APP software in higher members recommended to register as a member on the platform, the minimum investment of 100 yuan to buy the exchange integral, integral on the platform bitcoin arbitrage fund products.

The fund product is divided into a period of 3 months, 6 months, 9 months and 12 months period, the period of 3 months is not integral, integral period of 6 months from the purchase of fund products to 10% of the principal amount, integral period of 9 months with the purchase of fund products 15% principal, 12 points month donated 20% of the principal amount of the purchase of fund products.

Members can buy fund products every day according to 0.1% of the principal to 2% of the proportion of fund dividend points, can also recommend others to join the investment platform to recommend membership points rebate in certain proportion of the investment amount is recommended, recommended generation can get 5%, second generation can get 3%, third generation can get 1%.

In addition to the above high rebate, the platform also set up a fund manager, fund managers, fund manager, fund president four level, each level reaches the prescribed conditions, can obtain the total performance of the 0.5% to the 1.1% awards.

After May 20, 2017, BTC fund platform funds strand breaks. In June 11th, Xia moubo et al announced BTC platform needs maintenance and upgrade, temporarily stop trading. In June 29th, BTC fund platform has been unable to log on, with notice that the big boss of Yunnan has run away, the dissolution of the WeChat group.

Verified by the police, “BTC fund” platform is divided into 5 levels, the amount of investment of up to 586 million yuan, the amount of loss of 460 million yuan.

7 2018 13, the Jiangling county court in accordance with the relevant laws and regulations, to commit the crime of organizing and leading MLM sentenced Xia Moubo, Zhou officer the years in prison and fined $300. After the verdict, Xia Moubo, Zhou Guan appeal.

In October 15th, the court said that the trial verdict, the facts are clear, the applicable law is correct, legal proceedings. In accordance with the relevant provisions of the law, rejected Xia Moubo, Zhou’s appeal and upheld.

Reminder: this kind of capital disc MLM scam, there is no real project, relying solely on the development of pull the head member, profit from. Early investors, if timely cash can earn much, after investors are doomed to lose everything. Financial IQ tax

Tick, future card! Such bitcoin encryption currency is the fuel, the application is Internet Express

Bitcoin has been running for nearly ten years, this is a new thing in human history, no past, no reference to something that is not easy to estimate, is not easy to hold, all kinds of arguments. This article is about a forum to see the encryption of monetary value perspective.

Money itself doesn’t really have anything to support, we all agree that it has value. We all agree that money is a medium of exchange, which is the intrinsic value of real money given.

For example, dollars, nothing to give it any value. Although once dollar real gold support, but because the gold limited, limited the dollar in circulation, after the 70s split, now gold and the dollar has never mind.

On the contrary, the encryption currency, most people don’t know, but the encryption currency has intrinsic value.

We need to run some types of applications with these encryption currency, these applications are very popular in the future, this is the source of value.

Once this metaphor like in a company to buy the stock, the company involved in the business. But the actual situation is not the same, encryption is more like a car fuel money, with more and more cars use gasoline, then this would push up the value of oil.

Based on the application of encryption currency can replace anything you do online.

This name is distributed to the center of the new application in encryption currency technology as the foundation, the scale may be greater than those now Internet giants. Because of its nature, the applications are distributed all over the world, everyone can come into contact, no geographical barriers. Therefore, this will be the Internet application network upgrade hitherto unknown, the encryption currency will also get great value, because the encryption currency will be required to run these applications of fuel.

One of the biggest trends of 2018, we saw our money market in encryption before participants have not seen: large financial institutions are more interested in getting these digital assets.

We see bitcoin ETF is coming, we see the New York stock exchange to support bitcoin futures will come in December, we see that Nasdaq will launch a new crypto currency exchange support next year.

Encryption currency market is standardized and institutionalized, this will bring a lot of new liquidity, will push prices up.

Don’t underestimate the value of money do not underestimate the encryption, encryption currency can go far. Hashrate forum focusing block chain industry and DLT technology, welcomed the attention and subscription.