How did BTC get up

1.

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. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system

bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system. Bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network will get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer

2.

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. Bitcoin is a virtual encrypted digital currency in the form of P2P. But in China, bitcoin is forbidden to circulate

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. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

extended information:

Article 1 of the announcement on preventing the financing risks of token issuance accurately understands the essential attributes of financing activities of token issuance. Token issuance financing refers to the so-called "virtual currency" raised from investors by the financing subject through the illegal sale and circulation of token. In essence, it is an unauthorized illegal public financing behavior, suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities

Relevant departments will closely monitor relevant developments, strengthen cooperation with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely deal with market chaos. If suspected crimes are found, they will be transferred to judicial organs. The token or "virtual currency" used in token issuance financing is not issued by the monetary authority, does not have such monetary attributes as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market

Article 2 no organization or indivial may illegally engage in token issuance and financing activities. As of the date of this announcement, all kinds of token issuance and financing activities shall be stopped immediately. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects

3. Bitcoin has no support. As long as someone wants it, bitcoin can be used as a general equivalent and can be used by businesses. It has no value in itself. Bitcoin is not a standard currency. Gold and silver are naturally currencies. It means that gold and silver can be used as a general equivalent and it has value in itself. Bitcoin, in fact, is a credit that supports it, but this credit can be turned into not worth a hair.

4. The following is from: http://bitcoin.org/zh_ Cn / about

historical background

bitcoin is one of the first currencies to realize the concept of "cryptocurrency". In 1998, Wei Dai first expounded the concept of "cryptocurrency" in cypherpunks mailing list. Based on the basic concept of money, which is used to pay for goods, services and debt or any form of records in a given country or economy, bitcoin is a new form of money. Its original design is to integrate the idea of not relying on the central authority, using the principle of cryptography to control the issuance and transaction of money
in 2009, Satoshi Nakamoto published the first bitcoin specification and its proof of concept in the cryptography mailing list. At the end of 2010, Nakamoto claimed that he had transferred to other affairs and left the project. The creator of bitcoin never revealed his true identity, but left his invention to the world. Today, the origin and motivation of the invention of bitcoin is still a mysterious story
since 2010, many developers have devoted themselves to this project, and the bitcoin community has grown rapidly. Between June and July 2011, bitcoin suddenly gained media attention, leading to large-scale buying. The resulting bubble led to the continued decline in the price of bitcoin in the second half of 2011. After that, the price of bitcoin graally rose to the height of 2011
in order to regulate, protect and promote the development of bitcoin, the bitcoin foundation was established on September 27, 2012. Nowadays, with the increasing number of bitcoin users, bitcoin economy is developing rapidly

technical features

any network like bitcoin has the following basic features:
bitcoin can be transferred between any node of the network
the transaction is irreversible
the use of block chain avoids the occurrence of double consumption
the transaction will spread out in a few seconds and pass validation in 10 to 60 minutes
transaction processing and currency issuance are carried out through mining
bitcoin can be received at any time whether it is online or not<

economic rules

the whole bitcoin network jointly implements the following rules:
the total amount of bitcoin issued is about 21 million
a bitcoin can be divided into 8 decimal places, with a total of about 21 × 1014 monetary units
transaction costs are very low and most of them are free

statistics

bitcoin network has been running continuously for more than 48 months. In the past year, bitcoin's security features have attracted attention and developed significantly. As of April 2013:
the longest block chain has more than 232000 blocks
one of the largest distributed computing networks in the world, with more than 65 trillion hashes per second
there are 50000 transactions every day, with a total amount of several million US dollars
the total value of bitcoin in circulation exceeds US $1.3 billion
there is only one major security incident in the protocol, which was resolved in August 2010

other information can be referred to:
Network: http://ke..com/view/5784548.htm
bitcoin official website: http://bitcoin.org/zh_ CN/

5. 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.

6.

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7. The main reason is that he went to the Chicago Board of trade last year and was concerned by global capital investors.