How does bitcoin control its circulation
Publish: 2021-05-03 14:22:32
1. 1. The number of bitcoin is limited, because the original intention of the design is to have a currency with a fixed circulation, so that the final number can not be increased or decreased, so as to eliminate the inflation and deflation risks caused by man-made money printing. The specific number is determined according to the block and block reward principle:
the assumption is that six data blocks can be generated every hour in the world, and 210000 data blocks can be generated every four years; Then it makes a decreasing payment for the return of data blocks, 50 bitcoin for each data block in the first four years, 25 bitcoin for each data block in the second four years, 12.5 bitcoin for each data block in the third four years, and so on... Finally, the total number of bitcoins is -
210000 x (50 + 25 + 12.5 + 6.25 + 3.125 +...) = 21 million
the cumulative sum in brackets is close to 100 and will never exceed 100, so the total number of bitcoins is 21 million
currently in the second four-year period, each calculated data block contains 25 bitcoins
2. There is no loss of wealth. Many people at home and abroad are digging for bitcoin, and they are also speculating in bitcoin. Computer and Internet speed can only determine the speed of bitcoin digging, but not the value of bitcoin. Even if you say that we dig abroad, we fry. Now we buy a bitcoin for $300, and there will be no bitcoin to dig in the future. Maybe a bitcoin will sell for $3000, and then we sell it again, won't we make a profit? Where is the loss of wealth? Of course, maybe a bitcoin will be worth $3 at that time. Who can say that it is not born by the central banks
3. In addition to bitcoin, there are several similar virtual currencies such as lightcoin. However, they all adopt similar design principles. Therefore, in the future, there will inevitably be a problem that the currency will eventually be widely recognized, and other currencies that are not recognized will be eliminated. Otherwise, a new virtual currency can pop up at any time. It's not the same as printing money, which completely goes against their original design intention.
the assumption is that six data blocks can be generated every hour in the world, and 210000 data blocks can be generated every four years; Then it makes a decreasing payment for the return of data blocks, 50 bitcoin for each data block in the first four years, 25 bitcoin for each data block in the second four years, 12.5 bitcoin for each data block in the third four years, and so on... Finally, the total number of bitcoins is -
210000 x (50 + 25 + 12.5 + 6.25 + 3.125 +...) = 21 million
the cumulative sum in brackets is close to 100 and will never exceed 100, so the total number of bitcoins is 21 million
currently in the second four-year period, each calculated data block contains 25 bitcoins
2. There is no loss of wealth. Many people at home and abroad are digging for bitcoin, and they are also speculating in bitcoin. Computer and Internet speed can only determine the speed of bitcoin digging, but not the value of bitcoin. Even if you say that we dig abroad, we fry. Now we buy a bitcoin for $300, and there will be no bitcoin to dig in the future. Maybe a bitcoin will sell for $3000, and then we sell it again, won't we make a profit? Where is the loss of wealth? Of course, maybe a bitcoin will be worth $3 at that time. Who can say that it is not born by the central banks
3. In addition to bitcoin, there are several similar virtual currencies such as lightcoin. However, they all adopt similar design principles. Therefore, in the future, there will inevitably be a problem that the currency will eventually be widely recognized, and other currencies that are not recognized will be eliminated. Otherwise, a new virtual currency can pop up at any time. It's not the same as printing money, which completely goes against their original design intention.
2. The IEX coin issued by the iexotc exchange is good. There will be a fixed dividend income if you buy it
3. Dual network card, enable ICs service. Simple ~ ~ ~ HOHO ~ ~
click "start → settings → control panel → network connection" to find the established dial-up icon. Right click to select "properties", select "advanced", select allow other network users to access the Internet through this computer, and click OK. Windows XP will prompt you that the IP address of this network card connected with other computers or hub will be set to 192.168.0.1. Select Yes to start ICs
other computers are connected to the computer with al NIC through hub, IP address is set to 192.168.0. X, subnet mask is 255.255.255.0, gateway is 192.168.0.1 OK
click "start → settings → control panel → network connection" to find the established dial-up icon. Right click to select "properties", select "advanced", select allow other network users to access the Internet through this computer, and click OK. Windows XP will prompt you that the IP address of this network card connected with other computers or hub will be set to 192.168.0.1. Select Yes to start ICs
other computers are connected to the computer with al NIC through hub, IP address is set to 192.168.0. X, subnet mask is 255.255.255.0, gateway is 192.168.0.1 OK
4. The brainless people do brainless things. Now they change their name to Ping'an Tongzheng. It's the same group of people who continue to cheat money. Be careful.
5. In Xinhua Bookstore, commercial street, the cultural center there
6.
Hope to help you:
7. At present, the circulation of bitcoin is about 11 million
bitcoin does not have a centralized issuer, but is calculated and generated by network nodes. Anyone can participate in the proction of bitcoin
but bitcoin is not issued in unlimited quantity, and its circulation will be controlled by software algorithms. According to relevant algorithms, the more bitcoins there are, the more difficult it will be to make new ones.
bitcoin does not have a centralized issuer, but is calculated and generated by network nodes. Anyone can participate in the proction of bitcoin
but bitcoin is not issued in unlimited quantity, and its circulation will be controlled by software algorithms. According to relevant algorithms, the more bitcoins there are, the more difficult it will be to make new ones.
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