What is bitcoin after it is bought

1. 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
2. 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 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 explanations are for reference only, without any suggestions. The relevant procts are issued and managed by the corresponding platform or company, and our bank does not undertake the responsibilities of investment, cashing and risk management of the procts
② there are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction

response time: January 6, 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

2. Bitcoin is a kind of virtual currency, which 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 in the world
reference link: http://wuhan.pbc.gov.cn/wuhan/2929354/3393665/index.html

3. Bitcoin is a kind of digital currency. Bitcoin can only be regarded as an electronic commodity in China. Bitcoin has become a legal currency in Germany. Bitcoin can be regarded as a collection. Collectors regard bitcoin as priceless, while non collectors regard bitcoin as worthless characters.

4. The first transaction of bitcoin was not pizza, but took place in the independent forum of bitcoin. In 2009, a person exchanged $5.02 for 5050 bitcoins, and the unit price was the electricity cost of one bitcoin.

5. 1、 What can bitcoin buy
1. Because of its anonymity, British brothels pay for it
2. It can pay the tuition fees of European universities without cross-border fees
3. Public welfare organizations accept donations from bitcoin< However, bitcoin is not widely circulated in most areas, so if you want to buy vegetables with bitcoin immediately, you'd better wash and sleep

2. The situation of bitcoin in China, bitcoin is experiencing "ice and fire"
on the one hand, the central bank and other five ministries and commissions have issued a notice clearly pointing out that bitcoin is not a legal currency and cannot be circulated offline; At the same time, bitcoin went up and down, which made many people doubt that it was a huge bubble, and even a financial fraud under the guise of high-tech.

6. 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. Fire coin network, okcoin and coin security network are the three major bitcoin trading platforms in China. Due to the high risk of bitcoin trading, it is recommended to choose carefully for users with immature investment experience

warm tips: the above explanations are for reference only, without any suggestions. There are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
response time: January 29, 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

7. We need to understand the background of bitcoin. In 2008, there was a world economic crisis. The capital of financial institutions did not work well, and all the capital chains broke. In order to save the crisis, the United States used its advantage of US dollar settlement to take a bad way: "printing money". As the whole international system is based on the US dollar, as the settlement tool of the US dollar, the printing of money has led to the increase of the US dollar bubble. The result is that the whole world has helped the United States repay its debts, and the financial crisis has spread from the United States to the whole world. As you can see, the US dollar, as a legal currency, is full of politics and easy to be manipulated by one party. In this context, bitcoin emerged as a non political, non centralized alternative to the legal currency system