1. BTC is
bitcoin and BCC is bitcoin cash, which are two different digital currencies. BCC is a new type of
blockchain asset proced by a hard bifurcation of bitcoin. It is a decentralized
digital currency supported by a community of large block supporters. BCC removes segwit, cancels the limitation of 1m block size, supports 8m block size at most, and adheres to the expansion route on the chain. The purpose is to better realize the "point-to-point encrypted e-cash system" described in Nakamoto's white paper.
2. Bitcoin has been approved by the international station, but China has no official approval for virtual bitcoin, and does not deny the existence of certain risks.
3. BTCC is a domestic trading platform and the earliest bitcoin trading platform in China. BTCC has its own mine and won't create bitcoin. The exchange is legal in China
bitcoin, like Ruitai, Laite and dogcoin, is a digital currency, which is legal in China.
4. Too many, you go to the
virtual currency trading platform to see, at least more than ten, the key is illegal, there is no trade protection. If you run on the platform, you will lose everything.
5. On the afternoon of December 5, 2013, the people's Bank of China issued the notice on preventing bitcoin risks. In the notice, the people's Bank of China said that bitcoin is not a currency, but a virtual commodity. Financial institutions and Payment institutions are not allowed to carry out business related to bitcoin. As soon as the notice was issued, bitcoin fell sharply on China's trading platform, and it has dropped by 60% in three weeks. This is the beginning of bitcoin being restricted by the Central Bank of China. In mid March 2014, the people's Bank of China issued a notice on further strengthening bitcoin risk prevention to all branches of the people's Bank of China, which required all banks and third-party payment institutions to close the trading accounts of 15 domestic bitcoin platforms before April 15. This shows that it is illegal for financial institutions in China to open trading accounts for bitcoin website platforms. Except for cash transactions, bitcoin investors can not conct bank transfer and third-party payment for transactions in China< br />
6. Proof of work. Block creation protocol, miners need to use their own
computing power to try to create blocks. Once miners find a block, they will issue a short and fast verifiable proof that they have completed the work as a valid proof of the block. For example, bitcoin miners repeat hash block headers with different nonce values in the header until the output has enough zeros at the beginning of the hash output.
7. At present, the state does not prohibit the circulation of bitcoin, nor does it determine that bitcoin is illegal, but only forbids the opening of exchanges. Trading and holding bitcoin between indivials are protected by law.
8. Bitcoin China is China, bitcoin is not the same trading platform. Bitcoin China is the earliest bitcoin trading platform in China, but it was established relatively late in China. However, they are relatively old brands and well-known platforms in China
of course, there are many other platforms besides these two bitcoin trading platforms. For example, Xigu, jucoin and other Shanzhai coin trading platforms.
