From the second half of 2019, several terms of blockchain are becoming more and more popular, such as defi, assets on the chain, public chain, DAPP, mining, etc. Let's take a look at these blockchain terms with the editor.
First of all, what's Defi?
Defi, also known as Decentralized Finance, or distributed Finance. They are products that run on public chains such as ether house. These products have an untamper-able logic to run, which is often referred to as an untamper-able smart contract.
In Layman's terms, it's completely decentralized, there's no manipulation, there's no manipulation, there's no manipulation, it's all in the chain, it's all in the chain of assets.
What are the advantages of assets on the chain?
The assets on the chain can fully protect the user asset security, and better realize the security, efficiency, convenience and privacy of the blockchain wallet. In terms of security, the information of assets on the chain is equally transparent to all people, and there are no strong parties. Moreover, the asset transaction history is traceable and can not be tampered with, so there is no possibility of fraud and other behaviors. In the transaction, the assets on the chain have no national boundaries and are open and transparent, so that the circulation and transaction of digital assets can be realized smoothly.
Currently, ether treasure not only enhances the dual encryption mechanism of public key and combination, but also provides a variety of ways to verify and retrieve assets, including mnemonics and private keys. As long as the mnemonics or private keys are effectively backed up, the digital assets are saved. Ett will enhance the user sense of happy experience, easy operation and asset security.
ETT Is the world's largest encrypted chat social application, open source, anti-censorship and focused on speed and security. The APP is super fast, simple, safe, and free for all time, free of commercial ads and additional subscription fees, and to support the development of social, entertainment, consumer and other fields in the opening of accounts, transfer, payment, settlement, incentives, and many other functional characteristics. Using blockchain technology to make social networking on the Internet easier and more fun! Ett Uses Ett Tokens as warrants for users and investors of the platform, and holders of Ett are entitled to all of Ett's rights. Ett aims to solve the global social industry's problems of full-scale payment, free social interaction, personal privacy, wealth consensus, trust mechanism, etc. , it also uses blockchain's P2P trading capabilities to provide decentralized content distribution and value delivery platforms for payment, social, and entertainment content owners.
Based on DPOS + Pos Mechanism, the Ett public chain can meet the needs of entertainment applications in the current market. By Providing A FEATURE-SPECIFIC DAPP application to enable consumers and access to the public chain of applications to quickly and easily use the ETT public chain.
ETT'S DAPP STORE HAS MULTIPLE FEATURES:
1. The Ether treasure chain releases ETT Tokens for mining, payment, social, and ECO based entertainment applications;
2. or through the mapping contract will be issued in other chains of the currency on the Ett to complete the issue
3. APP Ecosystem Comprehensive Support Ett mining, circulation, application and conversion;
4. Ett is also a powerful addition to the Ether treasure APP store.
5. now APP Wallet, can be decentralized mining, decentralized storage, decentralized transactions, and then decentralized ecology, decentralized small game, decentralized small program page extension support.
DeFi The ETT APP is based on the ANDROID and iOS operating logic design I style, allowing smartphone users around the world to seamlessly switch to the ETT wallet APP, minimizing user costs. It is easy for users to understand the status of their digital assets and conduct financial operations such as mining or trading on mobile phones. It not only enhances the double encryption mechanism of the combination of public key and private key, but also provides a variety of ways to verify and recover the assets, including MNEMONICS, private key and so on, is the same as preserving digital assets. Ett will enhance the user's overall sense of pleasure, ease of operation and asset security.
The new generation of decentralised international anonymous social networking public chain ether treasure (ETT) DAPP will be launched in mid October 2020. Happy are the friends who like mining and investment and financial management!