What is NMR coin (what is NMR coin called in Chinese)?
What is NMR coin? What concept does it stem from, according to official news? Ac
What is NMR coin? What concept does it stem from, according to official news? According to Nonfungible statistics, as of January 2019, there have been two mainstream currencies in the field of blockchain: anonymous assets (non-custodial cryptocurrencies) and decentralized applications (DApps).
The first is anonymity. According to Non-Fungible, an anonymous wallet is a distributed network protocol based on Ethereum. Since it uses the ERC-20 standard, it cannot interoperable with Bitcoin, Monero, and other digital currencies. Moreover, anonymous tokens have anonymity features: they do not allow funds to be transferred through any intermediaries or third-party servers; transaction information and addresses can be controlled by anonymous issuers, making transactions more secure; anonymity also enhances the liquidity and privacy of anonymous projects. (Simplified version)
The second and most commonly used application scenario is in DeFi. For example, in DeFi, users can directly transfer their ETH or USDT into an anonymous wallet through an exchange and use their funds to exchange for other coins (such as BTT), without having to buy these coins themselves, as they can be exchanged on the exchange.
What is NMR coin called in Chinese?
What is NMR coin called in Chinese? Simply put, it is called “NMR”. According to official descriptions, NMR is the underlying layer of Bitcoin’s extension technology. It is an interoperable, decentralized payment network that provides developers with more convenient tools to run their own smart contract applications on other blockchains.
Specifically, NMR can be divided into three states: a digital currency with infinite supply and long-term duration (such as BTC), with no inflation, no scattered quantities, and as the blockchain scales, transaction fees will continue to decrease, making NMR a better choice than Ethereum. (nmriner.com)
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/08/09/what-is-nmr-coin-what-is-nmr-coin-called-in-chinese/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Understanding the California Court Ruling on Apple’s App Payment System
According to reports, a court in California has ruled that Apple has violated state competition laws because it prohibits application developers from using meth
-
How Elon Musk’s New Plan Can Help You Make Money on Twitter
On April 25th, Musk shared a screenshot of his Twitter profile on Monday, explaining to users how to make money on Twitter. At least 24700 people have subscribe
-
Federal Reserve Strengthens Cryptocurrency Regulatory Capacity
It is reported that the Federal Reserve Vice Chairman Barr said that the Federal Reserve has formed a team to study the innovation of cryptocurrency. Cryptograp
-
DeFi Start-up Huma Finance secures $8.3M Seed Funding for Income-based Loan Agreement
It is reported that Huma Finance, a DeFi start-up, obtained US $8.3 million in seed round financing to establish an income-supported loan agreement. Race Capit…
-
Insider Trading Accusation Against Ex-OpenSea Product Manager: Nathaniel Chain Appears Before Jury
According to reports, the South District Court of New York held its first jury hearing on the case of Nathaniel Chain, a former OpenSea product manager, who was
-
Testing veCRV: The Importance of Smart Contract Testing and Arbitrum’s Latest Move
On April 20th, Arbitrum sent one ARB to the smart contract controlled by veCRV for testing, in order to test whether veCRV correctly controls assets in the prod
-
Patricio Worthalter’s POAP Address Subjected to Phishing Attack: Everything You Need to Know
On March 30, according to Lookonchain monitoring, the address of Patricio Worthalter, the founder of POAP, was subjected to a phishing attack. The attacker transferred 85898 RPLs (
-
#Title: 100 Bitcoin Addresses Hit a Four-Month Low: What Does It Mean for the Crypto Market?
According to reports, Glassnode data shows that the number of addresses holding at least 100 Bitcoins is 15785, a four month low.
The number of addresses holdin -
WOOFi Successfully Tests Cross-Chain Trading Function with Ethereum Integration
On March 9, the decentralized trading platform WOOFi announced that its cross-chain trading function had been tested. After integration with Stargate, it added
-
What is the explanation for increasing the difficulty of mining (reducing mining profits)
<img src='https://img.doulai.com/pic/enpic.php?k=What does it mean to increase mining difficulty? Imgalt=What does it mean to increase mining difficulty?} What does it mean to increase mining difficulty? Increasing mining difficulty refers to the increase or decrease in the block size of the Bitcoin network, which to some extent changes the speed and security of transactions in the Bitcoin network. According to BTC.com data, on October 14, 2018, Bitcoin’s total network computing power was 64.9TH/s, an increase of approximately 4.9% from its historical high of approximately 1 gigawatt in November. Therefore, with the rise of the price of Bitcoin and the continuous decline of the hash rate, it is difficult for miners to accept the situation. In order to avoid using a lot of power by ASIC equipment to mine Cryptocurrency, it becomes more difficult. The last time the difficulty of Bitcoin mining was lowered was in August 2012, when approximately 12.5 Ghash per THash per day was required for calculation, and now…