What is the relationship between ETCwin and ETC (the difference between ETC and ETCP)
what is the relationship between etcwin and etc According to official news, Ethereum based decentralized social application platform ethWIN has officially supported cross chain transaction services. It is reported that ethwin is a decentralized digital asset investment and trading network developed based on ethereum. By deploying smart contracts on ETH and BSC, games are released and DeFi applications are built. At present, it supports more than 200000 wallet addresses on Ethereum network. At the same time, ethWin also provides a toolset for creating and launching custom NFT projects
Differences between ETC and ETCP
Editor’s note: This article is from BlockBeats (ID: 0x29d5F), reprinted by the Daily Planet with authorization
At present, the mainstream blockchain systems in the market all operate in the way of Ethereum network, and the difference between the two public chains mainly lies in two aspects: 1. There is a big difference between ETC and etCP; 2. The two protocols are fundamentally different in technology. One is the decentralized application program (DApp) based on the Proof of work mechanism. The difference between the two is shown below Due to their common characteristics, these two blockchains have the same security level and compatibility. Therefore, they may have a certain degree of conflict, but this does not prevent us from understanding it while avoiding unnecessary network congestion. For example:
1. Bitcoin has a faster transaction speed, processing thousands of transactions per second (txid=number of transactions * number of transactions). If other consensus algorithms are used for verification, it will take about a few minutes to complete the confirmation, thereby improving the security of the entire network. However, for some nodes, this process may take a few more days, so it is very important from a security perspective For example, when you use a certain virtual machine to execute a smart contract, you will find a large amount of funds stored in your wallet. This leads you to want to create a completely untrusted account and store all these funds, and then store these assets through third-party custodians or exchanges. If you want your private key to be stolen or lost, you can choose to directly provide them with mnemonics and then send them to the specified address. In this way, you don’t need to worry about your private key being stolen or lost, but you can confidently hold your digital currency without worrying about others taking it away Why is bilateral communication the most important? Because individual data transmission is an isolated issue, it cannot guarantee that all information is public and immutable, and this state can only be achieved with the consent of multiple parties. Therefore, even if no one can accurately know who controls the database, it is impossible to determine which data is controlled by which party. In addition, any service other than the server will be owned by the user, and even certain specific hardware devices can access the database What is ethereum econet? As a distributed ledger architecture platform, ETH2 aims to solve the most common blockchain problems currently present, namely the sharing of computing resources, administrator permissions, and the ability to coordinate consensus among all parties in a layered architecture However, although eth1 supports many different blockchains, it faces interoperability challenges at the bottom. For example, deploying a client on the main network allows multiple independent software companies to run different infrastructure. One key point is that developers must build their own clients to maintain their business logic and data structure. In addition, in order to easily extend their functionality, they also need to consider how to improve existing tools.
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