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When did Biyuan Chain come out (is Biyuan Chain legal)

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When did Biyuan Chain come out (is Biyuan Chain legal)

Editor’s note: This article is from BlockBeats (ID: blockbeats), authored by 0x13, and reprinted by the Daily Planet Daily with authorization When did the original chain come out? The testing will begin at 15:30 Beijing time on January 10, 2019. It is rumored that the code has not been updated for over 6 weeks compared to the original chain; Currently under development, but the main network version has not yet been officially released, but it is expected to be launched in the first quarter of next year; If everything goes smoothly, launching the main website by the end of 2020 will be the second half of this year

This article will talk about who created the Bitcoin blockchain:

1. What is Bitcoin’s blockchain technology?

What is a consensus mechanism? The word comes from a working principle called “Proof of work”. On the basis of Bitcoin, some special algorithms have been added. For example, PoW mining requires a large amount of computing resources, and POS can convert this complex computing power into a way of rewarding equity pools. Therefore, we define the consensus process as a virtual machine, a Cryptocurrency or a protocol similar to digital assets. That is to say, ‘computers can generate and verify transactions through mathematical methods’, enabling nodes in the network to reach consensus and obtain accounting rights, thus achieving the goal of decentralization; Of course, it can also be understood as a smart contract platform. It is a distributed database system that uses Cryptography methods. These characteristics make it more suitable as an infrastructure solution 3. What is a notary public? The notary certificate is issued by the national registration office; The duty of a notary is to provide data storage services and provide evidence to the public. The identity of a notary public includes the applicant for arbitration, the person raising objections to the case, and so on. In addition, according to Article 5 of the Civil code, “notaries are responsible for maintaining the credibility and the results of implementation.” This is a question about whether a company has the legitimacy of a legal entity What is the scope of responsibility of a notary public? This issue has always been a topic of discussion and is not yet known. So today I would like to introduce to you the schedule of Biyuan Chain: Around November 2018, many people in the coin circle thought that Biyuan Chain was a very good project, which I thought was a bit scary at the time. Because many articles previously specifically mentioned the name of this project as Biyuan, and later released their own token BTT, also known as Biyuan. So is this really the case? The answer is actually very simple – after the release of the white paper, nothing can be publicly disclosed. But after a period of research, I finally understood its essence, that is, compared to the original chain, it is not a pure software engineering product, but a new application scenario based on open-source technology implementation. The original chain was born to solve the performance bottleneck problem of blockchain underlying technology. At the end of December 2018, Biyuan Chain completed its first milestone, successfully operated for two months, and received support from two international investment banks. Among them, Canaan Creative, Japan’s largest private equity company, announced that it would complete round A financing within one year

Is Biyuan Chain Legal

According to Nuclear Finance, Biyuan Chain is a forked coin of Bitcoin. According to its official statement, the “Bitcoin. org” website also posted a website similar to “bitcoin com” and stated, “I have listed BTT as part of the white paper, it is actually a decentralized currency.” However, this statement is somewhat contradictory to the blockchain industry, such as: is it illegal compared to the original chain For this viewpoint, some industry insiders believe that this assertion is too high; However, if such statements are ultimately proven to be problematic, there will be legal issues – is the original chain illegal?

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