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What is Currency (What is an Integer)

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What is currency, what is currency, what is currency? The issuance of cryptocur

What is Currency (What is an Integer)

What is currency, what is currency, what is currency? The issuance of cryptocurrencies such as Bitcoin and Ethereum is based on blockchain technology to issue their own encrypted assets. However, due to the characteristics of blockchain technology, it is difficult for anyone to accept it, and it cannot be called “securities” without strict compliance with its legal provisions for trading and circulation. Therefore, we believe that it is most important for people to truly own the products or services they purchase. In the traditional investment field, “stocks”, “bonds”, and various other types of investments usually fall into this category.

However, under the current economic conditions, this situation is not always so common: first, investors are dissatisfied with the financial status of companies. Secondly, in economically immature situations, they may miss many opportunities for various reasons. For example, when a company is not doing well, it loses money (or even loses money). Finally, as time goes on, these problems become more complex and gradually exposed to the public, making it difficult for many investors to understand the industry. Therefore, in any case, there is a certain gap between the general public’s understanding of this industry. (Blue Fox Notes)

What is an Integer

Editor’s note: This article is from Blue Fox Notes (ID: lanhubiji), the original author: William M. Peaster, translated & proofread by:

Hello everyone, I am a believer and enthusiast of Bitcoin.

An integer is a term in mathematics that refers to a situation where, under certain conditions, a value, which is “zero”, can be obtained if a certain quantity of numbers satisfies that condition. That is to say, assuming you are a stateless person or group of people, but these people are completely different individuals, how is the distribution of this group of people?

So, for any single entity, integers are very important because they can help determine whether each person has a certain type of data or system. For example, when you want to put your data on the blockchain and use it for calculations, you need to know what this data is in order to achieve this purpose. Of course, some people hope to use this concept to do other things, such as using the Bitcoin network to store transaction information, send emails to others, and so on. However, there are exceptions, such as when someone chooses not to put all the data into the blockchain and keeps it in one place waiting to see the results…

As we explained in the article: “Overall, integers are basically a functional relationship. In simple terms, it is such a phenomenon.” So what are the benefits of integers? Starting from two perspectives, the smart contract development team on Ethereum has begun to study how to generate multiple integers through algorithms, and then proposed a series of new application scenarios, including DeFi, NFT, and the gaming field. The most famous application among them is DeFinition, which is a functional smart contract for creating EVM-based virtual machine platforms (referred to as eDApp). Its goal is to achieve more complex smart contract functions without relying on blockchain technology. What is an integer? Integers are essentially a set of special and random strings, where each letter represents the state of a transaction in terms of input and output. When a user calls an integer, it means that they want to process this message, and a new number (integer) will be returned. Therefore, to solve the above problem, more strings need to be added throughout the code repository. Because integers themselves do not mean that more letters are included, but it adds a set of variables, which may increase its size many times. So is the same with integers-it allows a transaction to occur multiple times at the same time.

However, compared with most cryptocurrencies, the advantage of zero-knowledge proofs is that zero-knowledge technology has certain defects: zero-knowledge technology not only cannot prevent incorrect message transmission, but also easily leads to replay attacks and double spending. Therefore, zero-knowledge technology can be used to improve trust and reduce errors. But over time, these weaknesses may gradually disappear.

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