What is the relationship of bitcoin algorithm
1. bitcoin:
also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats and equipment in online games. Internet users can also use bitcoin to buy real goods
2. The origin of bitcoin: the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was constructed. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation
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the generation principle of bitcoin:
starting from the essence of bitcoin, the essence of bitcoin is actually the special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique
compared with RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you will have the note. The process of mining is to constantly seek the special solution of this equation system through a huge amount of calculation. This equation system is designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million
blockchain technology is not only the underlying technology of bitcoin, but also the core and infrastructure of bitcoin bitcoin has been running without any centralized organization operation and management. Later, bitcoin technology was abstracted, which was called blockchain technology or distributed ledger technology
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disadvantages of blockchain technology applied to digital currency:
first, there is no circulation management organization for "decentralization" blockchain technology is essentially a distributed database system with one-way linked list logic structure and P2P network design mode, which determines that there is no unified central control system for virtual currency based on blockchain technology
Second, it is difficult to effectively control the quantity supply the circulation of virtual currency based on blockchain technology is fixed, and according to Fisher Equation, the total transaction volume of the whole society under a certain price level in a certain period has a certain proportion with the required nominal currency volume, while the constant currency volume obviously can not meet the requirements of the growing total price of social goods Thirdly, "mining mechanism" is difficult to create recognized value bitcoin itself has no value and no national credit support. Some people think that "by continuously consuming computing power and energy to inject value into virtual currency", but it is obviously not the most efficient choice to consume millions of calculations in order to find a hash value that meets the requirements Fourthly, procers and early holders are easy to get high seigniorage any virtual currency based on blockchain technology is held by a few people at the initial stage of its development. Take bitcoin as an example. At first, bitcoin was only a proct of a few people's game. The first bitcoin purchase in May 2010 was $10000 BTC's purchase of $25 pizza. The first bitcoin transaction completed in July of the same year was $0.04/btcpeople consciously shape their own character and consciously temper themselves. The better their character is, the more they will understand the value of tribulation for life and always insist on improving their character, because the real success does not lie in how much money you earn, how much reputation and how high status you have, but in how good you are, The ultimate goal of life is self realization. We can see a new self every day. Comparing the present with yesterday, surpassing yesterday, and being the best self, such people are doomed to succeed. Today's character, whether good or bad, is created by us. There is no reason to blame anyone, but to change our character and push it to a better state, It also depends on ourselves
because when we are in a bad mood, we will unconsciously hold our bad mood tighter, close the door and don't talk to others, sulk and lock our eyebrows and think wildly. As a result, our mood is even worse and sadder. At this moment, we should learn to turn the new year around and get rid of the original bad mood. We should take good care of ourselves, look at the facts and try to solve them; Those are rubbish. If you want to create trouble for yourself, you should put it aside, wash away those unclean thoughts with Buddha's manna water, and bring up our mindfulness. In this way, you can deal with it easily and have a clear mind and a pure heart. When I have trouble, I will be able to get rid of it, I often ask myself: is it helpful for you to get rid of life and death? Worry is the most harmful to the health of the body. There is no need to punish yourself. It's a day to worry and live peacefully. Why not choose to live peacefully? If we change our mind, we will face a better world. Therefore, we should always control our bad thoughts, completely eliminate unhealthy thoughts such as greed and hatred, and maintain a peaceful and strong mind and an equal and pure heart.
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blockchain has come into the public view because of bitcoin
bitcoin is different because of blockchain technology
Bitcoin is a virtual encrypted digital currency in the form of P2P
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed
unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation
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features of bitcoin:
1. Circulation around the world: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
2. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
3. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
