1 thought on “bridal jewelry wholesale companies Conduct notes 1 -USDT (Tether)”
Grace
david yurman inspired jewelry wholesale If you regard holding digital assets as investment, it is necessary to have a basic understanding of the target you hold. The more you understand the target of investment, the more you can make decisions (hold or decisively give up). To this end, I will sort out my own currency and form a series. It is both my own notes and for your reference.
The originally wanted to use BTC as the beginning, but after thinking about it, it is more practical for novices who have just entered the venue, because after all, most of the daily flow/outflow of BTC is TETHER (USDTTTTT (USDTTTT ), The following figure is the distribution of funds flow/flowing out of BTC in the last 24 hours (2019.8.28).
The can see that Tether (USDT) is the absolute main force. And for the newcomers who have just entered the market, if you are not familiar with the violent fluctuations of digital assets, in exchange for a part of Tether (USDT) to wait for the opportunity, it is a good choice to enter the world. Okay, let's start now.
IDT, a Tether Limited, formed by Bitfinex, a cryptocurrency that was anchored with the US dollar in 2014. It is the most widely used stable coin. It is the most famous stablecoin. It is also the market. The highest consensus currency. As of now (2018.8.28), the market value of cryptocurrencies ranks sixth, with a market value of about 4 billion U.S. dollars.
It simply put the US dollar chain through the mortgage method, that is, each Tether (USDT) coin is issued to deposit one dollar in the bank to ensure that Tether (USDT) and the US dollar anchor. Therefore, USDT is about one dollars and fluctuates slightly near one dollar.
In November 2014, USDT was born on the Bitcoin network, and officially launched on several mainstream exchanges in February 2015. Before 2018, there was only one transfer path of USDT, which was Omni-USDT based on the Bitcoin network. Omni-USDT is stored on the Bitcoin address, so each time you transfer, you need to pay Bitcoin as a mining fee. Omni-USDT has a high cost of hacking on the Bitcoin network chain, so assets are relatively safe. However, its transaction speed is very slow and can no longer meet the needs of today's encryption trading market, but many large transactions will still tend to Omni-USDT.
In early 2018, the Ethereum network became popular, smart contracts were popular in blockchain applications, and ERC20-USDT appeared. , like Omni-USDT, using ERC20-USDT also needs to pay for absentee expenditure, but the speed of transfer has been significantly improved. Due to good security and fast transfer speed, ERC20-USDT has been widely accepted by the market. The publisher of USDT also began to abandon Bitcoin OMNI, and instead supports more efficient Ethereum ERC20. As Teda has recently added USDT to Ethereum, the number of ERC20-USDT has increased significantly, and it has exceeded 50%of the total Omni-USDT. In addition to the official abandonment of the OMNI agreement, the mainstream exchanges have also begun to support ERC20-USDT.
In April 2019, Teda announced that it issued a USDT based on the TRC-20 protocol on the wave field. TRC20-USDT was born. TRC20-USDT promises to be fully open and transparent during the release, zero transfer fees, and arrive at the second level. Different from the previous two, the current TRC20-USDT transfer does not charge a handling fee, which is also a highlight of the wave field. But the current development of TRC20-USDT is not very mature and cannot guarantee security.
In addition to the above three versions, there are currently USDTs issued on EOS and Liquid, but the amount is small, but it is not specific.
In general,
-omni -USDT is the best safety, but the transfer speed is too slow. If you have a large order that is not in a hurry, you can choose Omni-USDT priority.
-The safety and transfer speed of ERC20 -USDT are suitable for frequent transactions in the digital currency market. Small high-frequency transfer, preferred ERC20-USDT.
-As for the development and characteristics of different public chains, I believe that more and more USDTs of different main chains will be issued in the future.
The total USDT's total amount is changed, which can be issued and can be destroyed. The current total amount can be found on its official website. Wallet.Tether.to/ As of August 28, 2019, the total amount of different versions is as shown below.
In first: different versions of USDT are based on different public chains, and different chains are not interoperable. In other words, the USDT on Omni cannot be transferred to the ERC20 chain, so you must pay attention to the type of address when charging the USDT. Chain is the key!
The easiest way to judge the type of USDT through the address. If it is the BTC address (the address starts with 1), then the USDT based on the Bitcoin OMNI protocol. Starting 0x), then the USDT based on the ETH ERC-20 protocol. MDT based on the Bitcoin OMNI protocol, a BTC transfer during the transfer process. It needs to consume BTC during the transfer process, so if you only have USDT in your wallet, there is no BTC. The USDT transfer based on the Bitcoin OMNI protocol takes about 10 minutes, which is consistent with BTC transfer.
MDT based on the ETH ERC-20 protocol needs to consume ETH as a GAS during the transfer process, so if you only have USDT in your wallet, there is no transfer. The USDT transfer based on the ETH ERC-20 protocol takes about 1 minute, which is consistent with ETH transfer.
The lower left corner of the currency logo in the wallet of Mixin is this public chain logo that is released. Therefore, the method of distinguishing is very simple, which is to see the lower left corner of the USDT icon. See the figure below:
For novice Xiaobai, this section is a very important knowledge point, so it is mentioned again: different versions of USDT are not interoperable. Therefore, you must pay attention to the USDT version when charging the transfer on the exchange.
. Although the USDT anchor the US dollar, due to its operating risk of Tether and the influence of the supply and demand relationship in the field, the price of USDT floats around $ 1. According to the experience of multiple exchange rates, USDT's experience in negative news and other events, it seems that the minimum price of historical USDT on the field: 0.85 USD, which is the minimum severe shrinkage by 15%. After the RMB exchange rate has plummeted recently, the USDT price will be lagging behind, so buying USDT will be more cost -effective at this time. It is recommended to use Fox.one Outdoor Index (FOI) to determine the timing of purchasing USDT.
2. Because Tether needs to face system risks, credit risks, and extrusion risks. The risk of USDT has not been resolved in the past, and it has also had a lot of problems that have been issued and destroyed and stolen. This actually gives other opportunities for other stable coins. The stablecoin on the market today is mainly divided into three types: legal asset mortgage type -anchoring with centralized assets (such as USDT); encrypted asset mortgage type -using N (> 1) double -encrypted asset mortgage (such as::: DAI); Unsecure type -controlling money value by algorithm.
3. USDT is the most useful currency now. As long as the USDT replacement of the dollar withdrawal can be stable, USDT will not be extreme problems. Because of the most use of USDT, financial borrowing for USDT is relatively abundant. USDT can be replaced by USDT/USD transactions to complete transactions through the USDT/USD transaction, and then withdraws to the bank card, but the review time is long, usually it takes at least a few days. So now USDT trading is traded on the off -site. Recently, there are news that Tether will launch a CNYT anchored RMB, and everyone can pay attention.
. If you buy BTC, ETH or EOS directly when you use off -site transactions, you must use USDT for a period of time. Many people do not understand the USDT value preservation function. In the future, when you want to realize the bull market, it is best to change it to USDT first, and then gradually change the RMB.
The note today. I hope everyone can distinguish the USDT version, pay attention to the main chain address, and be proficient in the timing of buying USDT. If you have other questions about USDT Currency notes 2 — BTC (bitcoin), so stay tuned ~
david yurman inspired jewelry wholesale If you regard holding digital assets as investment, it is necessary to have a basic understanding of the target you hold. The more you understand the target of investment, the more you can make decisions (hold or decisively give up). To this end, I will sort out my own currency and form a series. It is both my own notes and for your reference.
The originally wanted to use BTC as the beginning, but after thinking about it, it is more practical for novices who have just entered the venue, because after all, most of the daily flow/outflow of BTC is TETHER (USDTTTTT (USDTTTT ), The following figure is the distribution of funds flow/flowing out of BTC in the last 24 hours (2019.8.28).
The can see that Tether (USDT) is the absolute main force. And for the newcomers who have just entered the market, if you are not familiar with the violent fluctuations of digital assets, in exchange for a part of Tether (USDT) to wait for the opportunity, it is a good choice to enter the world.
Okay, let's start now.
IDT, a Tether Limited, formed by Bitfinex, a cryptocurrency that was anchored with the US dollar in 2014. It is the most widely used stable coin. It is the most famous stablecoin. It is also the market. The highest consensus currency. As of now (2018.8.28), the market value of cryptocurrencies ranks sixth, with a market value of about 4 billion U.S. dollars.
It simply put the US dollar chain through the mortgage method, that is, each Tether (USDT) coin is issued to deposit one dollar in the bank to ensure that Tether (USDT) and the US dollar anchor. Therefore, USDT is about one dollars and fluctuates slightly near one dollar.
In November 2014, USDT was born on the Bitcoin network, and officially launched on several mainstream exchanges in February 2015. Before 2018, there was only one transfer path of USDT, which was Omni-USDT based on the Bitcoin network.
Omni-USDT is stored on the Bitcoin address, so each time you transfer, you need to pay Bitcoin as a mining fee. Omni-USDT has a high cost of hacking on the Bitcoin network chain, so assets are relatively safe. However, its transaction speed is very slow and can no longer meet the needs of today's encryption trading market, but many large transactions will still tend to Omni-USDT.
In early 2018, the Ethereum network became popular, smart contracts were popular in blockchain applications, and ERC20-USDT appeared.
, like Omni-USDT, using ERC20-USDT also needs to pay for absentee expenditure, but the speed of transfer has been significantly improved. Due to good security and fast transfer speed, ERC20-USDT has been widely accepted by the market. The publisher of USDT also began to abandon Bitcoin OMNI, and instead supports more efficient Ethereum ERC20. As Teda has recently added USDT to Ethereum, the number of ERC20-USDT has increased significantly, and it has exceeded 50%of the total Omni-USDT. In addition to the official abandonment of the OMNI agreement, the mainstream exchanges have also begun to support ERC20-USDT.
In April 2019, Teda announced that it issued a USDT based on the TRC-20 protocol on the wave field. TRC20-USDT was born. TRC20-USDT promises to be fully open and transparent during the release, zero transfer fees, and arrive at the second level.
Different from the previous two, the current TRC20-USDT transfer does not charge a handling fee, which is also a highlight of the wave field. But the current development of TRC20-USDT is not very mature and cannot guarantee security.
In addition to the above three versions, there are currently USDTs issued on EOS and Liquid, but the amount is small, but it is not specific.
In general,
-omni -USDT is the best safety, but the transfer speed is too slow. If you have a large order that is not in a hurry, you can choose Omni-USDT priority.
-The safety and transfer speed of ERC20 -USDT are suitable for frequent transactions in the digital currency market. Small high-frequency transfer, preferred ERC20-USDT.
-As for the development and characteristics of different public chains, I believe that more and more USDTs of different main chains will be issued in the future.
The total USDT's total amount is changed, which can be issued and can be destroyed. The current total amount can be found on its official website. Wallet.Tether.to/
As of August 28, 2019, the total amount of different versions is as shown below.
In first: different versions of USDT are based on different public chains, and different chains are not interoperable. In other words, the USDT on Omni cannot be transferred to the ERC20 chain, so you must pay attention to the type of address when charging the USDT. Chain is the key!
The easiest way to judge the type of USDT through the address. If it is the BTC address (the address starts with 1), then the USDT based on the Bitcoin OMNI protocol. Starting 0x), then the USDT based on the ETH ERC-20 protocol.
MDT based on the Bitcoin OMNI protocol, a BTC transfer during the transfer process. It needs to consume BTC during the transfer process, so if you only have USDT in your wallet, there is no BTC. The USDT transfer based on the Bitcoin OMNI protocol takes about 10 minutes, which is consistent with BTC transfer.
MDT based on the ETH ERC-20 protocol needs to consume ETH as a GAS during the transfer process, so if you only have USDT in your wallet, there is no transfer. The USDT transfer based on the ETH ERC-20 protocol takes about 1 minute, which is consistent with ETH transfer.
The lower left corner of the currency logo in the wallet of Mixin is this public chain logo that is released. Therefore, the method of distinguishing is very simple, which is to see the lower left corner of the USDT icon. See the figure below:
For novice Xiaobai, this section is a very important knowledge point, so it is mentioned again: different versions of USDT are not interoperable. Therefore, you must pay attention to the USDT version when charging the transfer on the exchange.
. Although the USDT anchor the US dollar, due to its operating risk of Tether and the influence of the supply and demand relationship in the field, the price of USDT floats around $ 1. According to the experience of multiple exchange rates, USDT's experience in negative news and other events, it seems that the minimum price of historical USDT on the field: 0.85 USD, which is the minimum severe shrinkage by 15%. After the RMB exchange rate has plummeted recently, the USDT price will be lagging behind, so buying USDT will be more cost -effective at this time. It is recommended to use Fox.one Outdoor Index (FOI) to determine the timing of purchasing USDT.
2. Because Tether needs to face system risks, credit risks, and extrusion risks. The risk of USDT has not been resolved in the past, and it has also had a lot of problems that have been issued and destroyed and stolen. This actually gives other opportunities for other stable coins. The stablecoin on the market today is mainly divided into three types: legal asset mortgage type -anchoring with centralized assets (such as USDT); encrypted asset mortgage type -using N (> 1) double -encrypted asset mortgage (such as::: DAI); Unsecure type -controlling money value by algorithm.
3. USDT is the most useful currency now. As long as the USDT replacement of the dollar withdrawal can be stable, USDT will not be extreme problems. Because of the most use of USDT, financial borrowing for USDT is relatively abundant. USDT can be replaced by USDT/USD transactions to complete transactions through the USDT/USD transaction, and then withdraws to the bank card, but the review time is long, usually it takes at least a few days. So now USDT trading is traded on the off -site. Recently, there are news that Tether will launch a CNYT anchored RMB, and everyone can pay attention.
. If you buy BTC, ETH or EOS directly when you use off -site transactions, you must use USDT for a period of time. Many people do not understand the USDT value preservation function. In the future, when you want to realize the bull market, it is best to change it to USDT first, and then gradually change the RMB.
The note today. I hope everyone can distinguish the USDT version, pay attention to the main chain address, and be proficient in the timing of buying USDT. If you have other questions about USDT Currency notes 2 — BTC (bitcoin), so stay tuned ~