The token in the Ethereum blockchain is called Ether and the code is ETH. It can be traded in many cryptocurrency forex markets. It is also the medium used by Ethereum to pay transaction fees and computing services.
Ethereum FeaturesSmart contract: A program stored on a blockchain, run by each node, and the person who needs to run the program pays a fee to the miner or owner of the node.
Uncleblock: Incorporates a shorter blockchain that is slower and is not timely incorporated into the parent chain. The related technique using a directed acyclic graph is used.
Proof-of-stake: Compared to the proof of workload, it can save a lot of computer resources that are wasted during mining and avoid network integration caused by special application integrated circuits. (Not yet implemented)
Lightning network: It can increase transaction speed, reduce the burden on the blockchain, and improve scalability. (Not yet implemented)
The development community is solid, growing, and has the courage to use hard forks.
Total amount of etherThe biggest weakness of Ethereum is that the quantity has been increasing. How can an item with no upper limit be used as an investment product? Everyone knows that the rise in the price of a commodity is in the final analysis the number of suppliers and demanders. The supply exceeds demand, the price falls, supply is less than demand, and prices rise. The amount of Bitcoin and Litecoin is fixed, and the total number of Bitcoin is 21 million. Now there are more than 10 million, and the rest will take 100 years to get out. The current amount of Ethereum is already more than 90 million, and there is a fixed annual production of 18 million, 250 blocks per hour in Ethereum, and 5 coins per block (some transaction fees and other rewards). 24h a day, that is, adding 30,000+ coins every day. So there is no limit to the total amount of Ethereum
Ethereum Wallet Use Tutorial 1, Download WalletDownload the latest version of the client to the Ethereum fan domestic mirror download page.
2, install the walletDecompression, open the file in the following two figures, double-click the executable file Ethereum-Wallet.exe in the red box
3, enter the walletThe initial interface is as follows:
If the following picture shows an exception, please synchronize the local computer time with the Internet time. Google or Baidu search "synchronize local computer time".
Then, it will automatically jump to the following interface.
Click "STARTUSINGETHEREUM" to start using Ethereum Wallet. In addition, if you click "PLAYWITHTHETESTNET", you will enter the test network. If you do not need additional testing, you do not need to enter the test network.
The 4peers in the lower left corner indicates that your wallet is connected to 4 nodes. If you do not connect to the nodes, the method of adding nodes manually is described below. The figure in the lower right corner indicates that there are a total of 1015619 blocks, and you have already synced 10128000 blocks.
If your wallet is not connected to a node, please refer to this post: http://ethfans.org/topics/156.
4. Withdrawing the Ether in the pre-sale documentClick "STARTUSINGETHEREUM" to enter the following interface:
If you participate in the pre-sale of Ethereum, you can drag the .json file into the box and put it in Ethereum.
Then, jump to the following interface
Enter the originally set password and click "IMPORTACCOUNT" to extract the coin. Note that this version of MIST is still a beta, and it is not recommended to use it to extract coins. It is better to use the command line client to extract coins.
If you are not involved, click on "SKIP" to skip this step.
5, create an accountEnter the password in the Enter password field, enter the password again in the Repeat password field, as shown below. Be sure to remember this password, this password is required to send the transaction, lost can not be recovered. Note that an ordinary user only needs an account, and there is no need to create a wallet. The wallet is a smart contract that enables advanced features such as multiple signatures and daily transfer limit. Accounts and wallets are confusing.
6. Exchange Ether coinsThen, click "NEXT" to jump to the following interface:
The MIST Wallet has built-in bitcoin, other competitor currency and ether currency exchange functions, so you can use Bitcoin to exchange your coins in your wallet. If you don't currently have Ethereum, and you plan on buying a bit of Bitcoin, click on "DEPOSITBITCOIN". If you do not plan to purchase, click "NEXT" to skip this step.
7, advanced features - deployment contractThen, enter the following interface.
These three are advanced features - deploying token contracts, crowdfunding contracts, and self-organizing contracts, which are generally not used by ordinary users. Click "LEARNTHISRECIPE" to enter the corresponding tutorial (in English), where the token contract tutorial is available in Chinese: http://ethfans.org/topics/118. Click "LAUNCHAPPLICATION" to deploy the contract. If you do not want to toss, click "SKIP" to skip this step, then close the mist and restart.
Waiting for synchronization to complete, now more than 1 million blocks, it takes a lot of time to synchronize. You can also close Mist without syncing to the latest block. The next time you open Mist, it will continue to sync.
If you can't use different blocks or the speed is too slow, first check if your computer time is the same as the internet time. If it is not consistent, please change (search for "computer time synchronization error") and restart Mist wallet. Then, according to this post http://ethfans.org/topics/156, download the block file and the nodes node file from Baidu Cloud and replace the original node node file. Or add a super node based on this post http://ethfans.org/topics/150.
8, transferIn the FROM field, select the account from which to send coins (if you have set up multiple accounts), enter the address of the payee account in the TO column, enter the amount of the etheric currency to be sent in the AMOUNT field, and drag the slider under SELECTFEE to confirm that you want to How much transaction fee to pay, the more the right position, indicating that you are willing to pay more transaction costs, the faster transaction processing. Click SEND, as shown below.
9, backup walletClick backupkeystore, as shown below:
The wallet will automatically open the Ethereum file and you can see:
The private key is in the keystore. Back up the keystore file. If there is a large amount of Ethernet in the account, it is recommended to store it offline, remove the keystore file and save it in a USB flash drive. When you intend to make a transfer, move the keystore file back to its original location. If you change your computer, you only need to copy the keystore to the new computer wallet file. The datachain file can also be copied without downloading the block again.
10, upgrade walletWhen the new Mist is released, install the new Mist directly.
Block file
The first 1.43 million (synchronized to the latest block on May 1) block file has been uploaded to Baidu cloud, download address: http://pan.baidu.com/s/1i5Eqsg1. If you have just used a wallet, the sync block is slow and can be downloaded from Baidu Cloud. Extracting the file will result in a chaindata file of less than 2GB. Replace this file (by deleting the original chaindata file) with the original chaindata file. Why is the block file smaller, is it not up to 10GB? If you use the latest version of the graphical interface wallet to start synchronization from the first block, only the block headers are synchronized by default, so the block files are only 1/10 of the original.
After decompression, only the chaindata file is retained.
Chaindata location
Node file
If your wallet is not connected to a node, you can download a node file from Baidu Cloud and download it at http://pan.baidu.com/s/1kVIVWfd. Replace the original nodes file. The nodes file is in the same folder as the above mentioned chaindata file.
Decompress only the nodes file.
This is just the initial form of the Ethereum wallet. The ultimate goal is to create a decentralized browser where all dep applications can be used, making it extremely easy to use.
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