BTC after New York consensus

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
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. 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

according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk

warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
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2. It should not be replaced. After all, it is the first digital currency issued globally, which is not so easy to be replaced. Moreover, bitcoin is becoming more and more difficult to dig, and its value is bound to go higher.

3. There are few traders with stable profits, and most of the capital losses are mainly e to lack of experience. However, in primexbt, it only costs US $10, so you can experience more and operate more.

4.

There must be some worries when using face recognition, which mainly comes from two aspects: the first is the reliability of face recognition technology, and the second is the security of face recognition technology. Now I will talk about the disadvantages and worries of today's face recognition technology from these two aspects

to sum up, based on the safety and reliability of face recognition technology, I am still worried about face recognition

5. It's mainly about interests. There are mainly the following types of people who oppose BCH:
1. They hype themselves and pave the way for their bifurcating bitcoin. For example, Liao Xiang, who once strongly opposed big blocks, paid big money, and they all bifurcated bitcoin
2. Misled by the core development team, the melon eaters regard the miners as a group of criminals
3. The core development group's opposition to BCH is not only a divergence of development roadmap, but also a dispute of interests. The lightning network promoted by the core development group can make the gold owners behind it profit through the lightning network.

6. The "bitcoin consensus conference" is held by coindesk, a media and research company in the field of blockchain. The guests will include experts in the field of blockchain and representatives of the development project of memory digital currency. The number of participants is graally increasing every year, and the tickets are also rising all the way. When I played stock before, the teacher of Yingfu College of Finance and Economics said that it was more professional

it is worth noting that the price of bitcoin fluctuates significantly ring the annual meeting, and it also becomes a hot spot in bitcoin market.

7.

development trend: the divergence of development teams leads to the bifurcation of technical routes

the most criticized problem of bitcoin is the small block capacity, which is only 1MB. As a result, bitcoin is becoming more and more unsuitable for trading. Many transactions will not be confirmed immediately after they occur, and many blocks need to wait, so the transaction fees of bitcoin are higher and higher, Obviously, it will be further and further away from the idea of a trading currency

for the problem of bitcoin block capacity, as the founder of bitcoin, Nakamoto Tsung has given a solution. The size of the earliest bitcoin block is designed to be 32MB, and the roadmap of bitcoin expansion is given. The reason why the bitcoin block was limited to 1MB in the early days was to prevent the network congestion caused by a large number of small transfers in the early network

however, bitcoin did not upgrade as it should, but still maintained a block size of 1MB. The reason is the divergence of the bitcoin development team. Nakamoto was the developer of bitcoin, but later retired and left the development task of bitcoin to the bitcoin development team. However, the development team was very different about removing the 1MB block limit, so the development team split up. The original development team (core) wanted to continue to limit the size of 1MB, and the people who left formed other development teams (several), It is also called large block team or support expansion team. In the end, the two groups failed to reach a consensus on the upgrading of bitcoin network. A new bitcoin, bitcoin cash, was created, which is different from the original bitcoin. He inherited all the blocks (transaction records) of bitcoin before the split, but after the split, he used a new block of 8MB, which is different from the previous bitcoin (BTC, developed and maintained by the core team)

there should be three types of hard bifurcations for bitcoin, including the cash bifurcations for bitcoin (uahf). The original bitcoin network is prepared to implement segwit2x, which is the bifurcation scheme of the New York consensus. However, e to opposition, segwit2x was not implemented in the end, maintaining the original bitcoin path. But bitcoin still needs to be upgraded. The emergence of bitcoin cash is not accidental. In fact, there are other bifurcated bitcoin coins, such as bitcoin limited and bitcoin old. It's only because of the problem of popularity that it doesn't enter the public view. Now bitcoin cash is the most competitive bifurcated coin

- the above data and analysis are all from the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry of foresight Instry Research Institute

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