The significance of the first appearance of bitcoin

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. A documentary says that the Internet is developing too fast and widely, and everyone can't do without the Internet. So some people began to think of a general currency, bitcoin, which is mainly used on the Internet and has all the functions of real currency, but there is no such currency in the real world. I remember it was a Japanese who first put forward this idea, and then found a group of people to work together to start the plan.

3. This is where the myth of bitcoin really takes over. According to legend, Satoshi Nakamoto, an unknown person, released an agreement on the digital point-to-point system of decentralized digital currency on October 31, 2008. I urge you to read this short and wonderful paper. While the idea behind bitcoin is revolutionary, it can now begin to make more sense in the context of all other systems, not all of them. Bitcoin proposed blockchain as a synchronous network to solve the probability consensus. According to BFT, from having less than 50% of the total network hash rate of Byzantine rivals Security is achieved in different ways than other historical protocols. Blockchain is designed to support availability rather than consistency, and can support thousands of distributed nodes. The cost of decentralization is much lower throughput in terms of transactions per second (TPS).

4. 1. Decentralization: bitcoin is the first distributed virtual currency network composed of users without a central bank. Decentralization is the guarantee of bitcoin and freedom
2 Global Circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3. Exclusive ownership: private key is required to control bitcoin, which can be separated in any storage medium. No one but users can get
4 low transaction cost: bitcoin can be remitted free of charge, but the final transaction fee of about 1 bitfen will be charged for each transaction to ensure faster execution of the transaction
5 no hidden cost: as a means of payment from a to B, bitcoin's trivial amount and proceres are limited. You can pay if you know the other party's bitcoin address
6 cross platform mining: users can explore different computing power on many platforms.

5. 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/

6. Bitcoin is a P2P network. Just like the familiar BT download mode, in order to keep the network running, we need to always keep someone online to upload and share data with others. Therefore, the publishers of BT seeds often ask the sowers on the forum to be "Sowers", but in fact, BT seeds are often broken, and people are selfish, You can't ask everyone to contribute their resources for free

from the perspective of network technology, that is to say, the generation of bitcoin is primarily for the continuous and safe operation of the network, which can not be used to measure the development speed of P2P virtual economy. Just like collectibles, people have proced bitcoin not to make it circulate and trade like money, but as a sign of geek's contribution to inspire people. But now people misunderstand the original intention, the proction of virtual currency itself needs cost, and people's enthusiasm will add up the cost infinitely. As a result, the price ratio between real money and virtual money is becoming larger and larger, creating the current situation

and the bitcoin network, like the BT download, needs "miners" to contribute their computer resources for calculation to ensure the operation of the bitcoin network. If the people who contribute resources like the BT download can not get the benefits, the bitcoin network will collapse. So the issue of bitcoin is designed that whoever contributes computing power to keep the bitcoin network running can get the fee paid by the network - bitcoin

As for the significance of bitcoin, bitcoin, as a currency specially designed for the Internet, is essentially a payment solution. Modern currency has never been global, let alone completely free circulation. This is the contradiction between the existing monetary system and the Internet, and bitcoin is designed to solve this contradiction, Let money become a string of data to follow the circulation of the whole network

bitcoin has a more direct significance in recing the transaction cost of Internet trade, especially small transactions, making the original unprofitable transactions profitable, and enabling the original transactions that could not be concluded e to payment to be concluded

7. Bitcoin is a digital currency with a total amount of 21 million. Like the Internet, it has the characteristics of decentralization, globalization, anonymity and so on. Transferring bitcoin to the other end of the earth is as simple as sending e-mail. It's very convenient for me to use on the haobtc platform

8. 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

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 a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. 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

warm tips:
① the above information is for reference only and does not constitute any investment suggestions
② there are risks in entering the market, so investment should be cautious
response time: February 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

9.

Decentralization: bitcoin is the first distributed virtual currency. The whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom

Global Circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

exclusive ownership: private key is required to manipulate bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

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

no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome quota and proceres. If you know the other party's bitcoin address, you can pay

cross platform Mining: users can explore the computing power of different hardware on many platforms

< H2 > extended information:

bitcoin is the earliest cryptocurrency and the largest cryptocurrency so far. Bitcoin and blockchain were born at the same time. Like gold, the issuance and launch of bitcoin can not be broken through, and the total amount is up to 21 million. Gold is not issued by any country, it is issued by nature, so most people agree that gold is money

bitcoin is as like as two peas in gold, and how much is the bit currency? Let's take a look at the enring joke in the coin circle. Nine years ago, a programmer traded 10000 bitcoins for two pizzas. This is the first transaction of bitcoin. It also shows that bitcoin can circulate like money. This is the embodiment of the value of bitcoin

if blockchain is compared to flour, then bitcoin is steamed bread made of flour. Flour can also be used to make rolls, pancakes, etc., but the first food made of flour is steamed bread

similarly, bitcoin is the first application of blockchain technology. However, in addition to bitcoin, blockchain technology itself can also be used for many purposes, such as blockchain can effectively solve identity forgery and data tampering of central supervision system

< H2 > source: Internet bitcoin