How does EGD Network Gold work, what is its profit model, and who developed it

The Internet** is an investment and wealth management project in the field of Internet finance.

The network does not have a issuing body, does not belong to any country or company, it exists in the Internet, and whoever obtains it belongs to whom. It was developed by former Microsoft engineers and founding teams in 7 countries, and was born on January 1, 2014, and launched globally on May 16, 2014.

The network is based on the design principle of the encrypted digital currency - Bitcoin, which has been technically improved and upgraded, abandoning the shortcomings of Bitcoin and inheriting the advantages of Bitcoin, and its attributes are basically the same as those of reality. However, it has network attributes that are not available in reality. Decentralization, total limit, anonymous transactions, global transactions, instant arrival, no high fees.

The operation mode of the network can already be included in the category of pyramid schemes, and its business model is: network pyramid schemes + illegal fund-raising + pulling people to join, which is undesirable in itself and deviates from the normal investment market and profit model.

Moreover, the network **edg itself has no value significance, the value is hyped out by itself, and it is worthless to get it in real life. Those so-called ** that can be exchanged for money are some private support**, and they may suddenly not be able to be exchanged, and they are not recognized by the bank. To put it bluntly, a group of people first invented this product, and then held a large number of it in their own hands, and then resold it back and forth internally, giving the market a very hot feeling, pulling the ** step by step, and then attracting outside investors to take over.

Something that is worthless in itself is finally sold for a sky-high price. Such an investment is undoubtedly in the fire, and it is impossible for the state to admit that if something goes wrong, in the end, the investor will lose all his money.

Personal opinion, thank you for your pure hand look.

After the concept of network ** (egdcoin) was proposed by Dr. David of the United States in 1982, with the development of the Internet, after 30 years, in 2009 Satoshi Nakamoto and other international cooperation players continue to invent and improve, and finally on January 1, 2014 by 17 IT experts from 7 countries led by former Microsoft engineersNetwork ** points (EGD) is the third standardized asset form and wealth carrier after monetary assets (deposits) and physical assets (cars, houses), and is the purest original form of Internet finance.

Network**, the international common name e-gold, abbreviated as EGD. It is a form of P2P internet**. After the concept of EGD Coin was proposed by Dr. David of the United States in 1982, with the development of the Internet, after 30 years, in 2009 Satoshi Nakamoto and other international cooperation players continued to invent and improve, and finally on January 1, 2014, led by a former engineer of Microsoft, 17 experts in various fields from 7 countries were invented.

The global total number of EGDs is about 84 million, and the number that will be gradually released and circulated in the global Internet over the next 100 years is about 42 million. Network ** points are not currency, but as a kind of consumer assets that global business consumers receive from merchants, they are used to replace the points issued by merchants in the traditional business society, realizing the networking, integration and assetization of global business points.

In EGD economies, EGD-priced goods will continue. The essence of EGD is actually a bunch of special solutions generated by a bunch of complex algorithms. A special solution is a set of infinite (in fact, egd is finite) solutions that can be obtained for a system of equations.

And each special solution solves the equation and is unique. To use the renminbi as an analogy, egd is the serial number of the renminbi, and you know the serial number on a banknote, and you have the banknote. The process of mining is to constantly seek the special solution of this system of equations through a huge amount of computation, and this system of equations is designed to have only 84 million special solutions, so the upper limit of EGD is 84 million.

Encrypted digital assets, positioned as a global unified business appreciation points.

Internet encrypted digital assets, positioned in the global unified business appreciation points.

Born in 2014, EGD is a network encrypted digital asset formed by the British Pioneer Company and the technical research and development teams located in the United States, Germany, Thailand and China, using the most advanced Internet technology and based on the peer-to-peer Internet open source protocol. The reason why network ** points have become an asset in the Internet is through itself.