The technical basis of bitcoin popularity

1. On November 1, 2008, a self styled Satoshi Nakamoto posted a research report on a secret cryptography discussion group. The report expounded his new idea of electronic currency bitcoin came out
on January 3, 2009, Nakamoto g up the first batch of 50 bitcoins on a small server in Helsinki, Finland
on May 21, 2010, the first bitcoin transaction: Laszlo hanyecz, a Florida programmer, bought a $25 pizza coupon with 10000 BTC
on July 16, 2010, the price of BTC rose by US $0.08 from US $0.008. The first sharp price fluctuation shows the rise of new things
on July 17, 2010, the first bitcoin platform was established
on November 6, 2010, the price on mtgox reached $0.5, and the bitcoin economy reached $1 million
on December 7, 2010, the first portable device to portable device transaction was realized on Nokia 900, with a transaction volume of 0.42btc
on February 9, 2011, the price reached US $1 for the first time, which is equivalent to US $1. The news that BTC is equivalent to us dollar has been widely reported by the media, which has aroused people's great attention, and the number of new users has increased greatly. In the next two months, bitcoin and pound sterling, Brazilian currency, Polish currency exchange trading platform has opened
on March 18, 2011, the BTC / USD exchange rate hit a seven week low, falling to US $0.7
on August 20, 2011, the first bitcoin conference and World Expo were held in New York. Among Google trend counties, bitcoin's attention reached a new high, with a price of $11 at that time
on November 14, 2011, the price of bitcoin hit a new half year low of $1.99
on September 15, 2012, the bitcoin conference was held in London. At this time, the price of bitcoin was $11.8
on September 27, 2012, bitcoin fund was founded, and the price of bitcoin was $12.46
on November 25, 2012, the first bitcoin conference in Europe was held in Prague, Czech Republic. At this time, the price of bitcoin was $12.6
on February 19, 2013, bitcoin client v8.0 was released. At this time, the price of bitcoin was $28.66
on April 10, 2013, BTC set a record high price of $110
on May 9, 2013, BTC Chinese, the largest bitcoin reporting website www.sosobtc.com The company obtained the investment fund Union Square's US $5 million round a investment, and the price of bitcoin was US $112.09 at this time< On May 28, 2013, the Department of Homeland Security banned the virtual currency service of Liberty Reserve, a Costa Rican exchange company, for its suspected xiqian and unlicensed fund transfer business, U.S. prosecutors said that this will become the largest international xiqian lawsuit in history, with the scale of absorbing money reaching 6 billion US dollars. A large number of users, including China, will lose all their money. At this time, the price of bitcoin is 128 US dollars
in June 2013, Netcom said that the United States will withdraw from qe3, deflationary bitcoin and quantitative easing monetary policy, which are the relationship between the two
on June 27, 2013, the German Conference made a decision: holding bitcoin for more than one year will be tax-free, which is considered by the instry to recognize the legal status of bitcoin. At this time, the price of bitcoin is $102.24
on June 28, 2013, mtgox obtained the monetary service license issued by the financial crime enforcement network office of the U.S. Department of the Treasury. Transaction standardization may mean that bitcoin is on the right track, government risk is reced, and its pace of integration into the display economy will be accelerated. At the same time, it will play an exemplary role in other virtual currencies. At this time, the price of bitcoin is $97.99
on November 28, 2013, the bitcoin trading price of Mt. GOx, a popular bitcoin exchange, broke through $1000, reaching a record high of $1073
on November 29, 2013, the trading price of bitcoin on Mt. GOx, a popular exchange, hit a record high of US $1242, while the price of gold was US $1241.98 an ounce, surpassing that of gold for the first time.

2.

The earliest is a kind of network virtual currency. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar

< H2 > extended information:

bitcoin is e-cash similar to e-mail. Both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address

starting from the essence of bitcoin, the essence of bitcoin is actually a 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

many websites for technology players have begun to accept bitcoin transactions. Websites such as mtgox and btcchina, as well as some Taobao stores, can even accept services such as bitcoin exchange for us dollars and euro. There is no doubt that bitcoin has become a real currency in circulation, rather than a virtual currency like Tencent Q coin

3.

Novice first of all to know how to calculate your cost, recharge, trading, cash, there are fees. At least you can understand the K-line. There are a lot of people on the K-line. You can look at it casually and understand it. You need to be risk aware. Bitcoin is a high-risk and high profit investment. It may double overnight, or BMW may become a bicycle overnight. At the beginning, we suggest a small amount of investment

but it's hard to get bitcoin for indivial mining, so it's basically large-scale mining, and you need to cooperate with the mine pool. So if you still want to make money by mining, at present, the most suitable mining method is cloud mining or mining machine hosting. After all, the era of single person mining is over

4. Bitcoin is actually a kind of network virtual currency, initially proposed by mysterious netizens who call themselves "Zhongben cong". According to Nakamoto's design, bitcoin does not rely on specific currency institutions to issue. It is generated through a large number of calculations with specific algorithms. In the first four years, there will be no more than 10.5 million bitcoins. After that, the total number will be permanently limited to 21 million
at present, there are two ways for ordinary people to enter the bitcoin instry, one is to buy professional machinery and equipment to "mine" and the other is through trading and other exchange methods
however, e to the design of the algorithm, the bitcoin value generated by bitcoin will be halved every four years. From 2013 to 2016, 25 bitcoins will be generated every ten minutes on average, and from 2017, the number will be reced to 12.5. By 2030, after 20 million bitcoins have been mined, the remaining 1 million bitcoins will probably take decades to be mined; At the same time, with the increasing difficulty of mining, the price of advanced mining machine is higher and higher, which sets a big "threshold" for "mining". It is understood that as the blue ocean of "mining" has long disappeared, coupled with the soaring price of bitcoin, many "miners" directly switch to speculation in bitcoin and wait for appreciation before selling it
the trading process of bitcoin is similar to that of stocks
e to the attractive performance of bitcoin in the early stage, "speculation on bitcoin" has become increasingly popular in China. In an interview with the media, Li Qiyuan, chief executive of bitcoin China, said that in recent years, the number of new registered users and user activity of bitcoin China have improved significantly, and the upward trend is very obvious, which shows that more and more people are contacting bitcoin
at present, the mainstream trading platforms in China include bitcoin China, okcoin, fire coin, etc. the process of trading bitcoin is very similar to buying and selling stocks. Take huocoin.com as an example. After registration, you can start to buy bitcoin by recharging RMB to the website account, and the purchased bitcoin is stored in the website trading platform. If you sell successfully, you can also withdraw RMB from your account to your Alipay or bank account. Different from the previous 0.3% handling charge for each transaction, the domestic major bitcoin trading platforms have successively cancelled the transaction handling charge. However, a 0.4% service charge is still required for recharging through TenPay or online banking. If RMB is withdrawn, the withdrawal service charge will be charged according to the bank transfer rate from the second withdrawal every day.

5. Responsibly speaking, the private key is everything. If you keep it yourself, there will be a lot of security risks, such as forgetting, losing and accidentally damaging the device. At this time, you can use a reliable third-party wallet, such as a coin pack. The user password of the coin pack is encrypted with salted sha-512-pbkdf2 high-strength encryption technology and stored on the server. The strength of this encryption algorithm is higher than that of the public key and private key algorithm of the special currency, and the employees of the currency package cannot obtain it. Even if the database is stolen, the user password cannot be cracked.

6. Hello, friend! Bitcoin is simply a kind of virtual currency, which can be used to exchange the currency of most countries. Bitcoin can be used to buy virtual goods on the Internet, such as clothes, hats and equipment in online games. As long as people accept it, they can also buy real-life goods

7. You can negotiate with each other and use it in turn!