What does bitcoin borrow mean

3.

Bitcoin is a kind of virtual encrypted digital currency in the form of P2P. Different from 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 the use of cryptography design to ensure the security of all aspects of money circulation. However, on September 4, 2017, the central bank and other seven ministries and commissions announced that virtual currency trading is prohibited in China, and bitcoin is prohibited from circulating in China

according to the first article of the notice on preventing the financing risks of token issuance, we should accurately understand the essential attributes of token issuance financing activities. Token issuance financing refers to the illegal sale and circulation of tokens by the financing subject to raise the so-called virtual currency such as bitcoin and ether coin from investors. In essence, it is an unauthorized illegal public financing behavior, which is 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

extended information:

Article 3 of the announcement on preventing the financing risk of token issuance strengthens the management of token financing trading platform. From the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", nor buy or sell token or "virtual currency" as a central counterpart, nor provide pricing, information intermediary and other services for token or "virtual currency"

for the token financing trading platform with illegal problems, the financial management department will request the competent department of telecommunications to close its website platform and mobile app according to law, request the network information department to remove the mobile app from the app store, and request the instrial and commercial administration department to revoke its business license according to law

Article 4 financial institutions and non bank payment institutions shall not carry out business related to token issuance financing transactions. All financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", nor undertake insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions

4. Bitcoin is BTC and eth is Ethereum
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009 [1]. 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
Ethereum is an open source public blockchain platform with smart contract function, which provides decentralized Ethereum virtual machine to process point-to-point contract through its special cryptocurrency ether (ETH)

warm tips:
1. The above information is for reference only, without any suggestions
2. According to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to the regulation of digital currency in China, investors have the freedom to participate in digital currency transactions at their own risk
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5. I have been using the okex trading platform. The so-called currency trading is aimed at the transactions between virtual currency and virtual currency. One currency is used as the pricing unit to buy other currencies. Currency trading rules are also based on price priority and time priority to complete matching transactions. I hope my answer can solve your problem

6.

The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

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 money circulation

bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats, equipment, etc. in online games. Internet users can also use bitcoin to buy real goods

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 a reward to reward the person who gets the answer

< H2 > extended data

users can buy bitcoin, and at the same time, they can use computers to "mine" bitcoin according to a large number of calculations. When users "mine" bitcoin, they need to search for 64 bit numbers by computer, and then compete with other gold diggers by repeatedly solving riddles to provide the required numbers for bitcoin network. If the user's computer successfully creates a set of numbers

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. The following table lists some websites that download bitcoin wallets and addresses for free

< H2 > resources

network bitcoin

7.

Bitcoin is very risky. There are several investment principles for reference

1. if all your investment returns to zero, it will not affect your normal work and life

2. bitcoin is a high-risk, high return investment or speculation. If you want to get rich overnight, please don't invest in bitcoin

3. e to the volatility of bitcoin, long-term investors can choose fixed investment

4. using bitcoin requires users to have a high level of IT knowledge. If you have been infected with viruses in your computer before, please do not invest in bitcoin

   
   

8. In the theory of enterprise management, the school of organizational culture once put forward the concept of "quot; 7S" There are seven key factors for the success or failure of an enterprise: strategy, structure, systems, staff, style, skills and shared value. The first three attributes belong to hard management, and the last four belong to soft management. They interact and relate with each other, The common values (Organizational Culture) is the core. Hardware factor analysis strategy: the enterprise's operation has entered the & quot; Strategic victory & quot; In the new era, the most basic strategic planning should be to allocate the available resources according to the internal and external environment of the enterprise, so as to meet the needs of different development stages of the enterprise; Structure: a strategy needs a sound organizational structure to ensure its implementation. The organizational structure must be coordinated with the strategy. The organizational elements of the structure include the enterprise's objectives, coordination, personnel, position, mutual relationship, information, etc. the effective combination of these elements is the enterprise structure. The common structural forms include centralized functional form, decentralized form, matrix Network form, etc; System: the development of enterprises and the implementation of strategy need perfect system as guarantee, but in fact, each system is the concrete embodiment of enterprise spirit and strategic thought. Therefore, in the process of implementing the strategy, we should formulate a system consistent with the strategic thinking, prevent the system from not matching and coordinating, and avoid the system deviating from the strategy; Software element analysis style: including the cultural style of organizational structure and the management style of leaders. Generally speaking, outstanding enterprises present the management style of combining centralization with decentralization; Common values: they are the driving force of enterprise development and the core of 7S model, such as the organization's understanding and mastery of strategy, the organization's belief and attitude; Personnel: employees are the source of efficiency and the key to the implementation of enterprise strategy. Therefore, enterprises should make full preparations for human resources and understand their types; Skills: the personal ability of employees is the unique competitiveness of the enterprise as a whole, but employees need to rely on strict and systematic training to master certain skills.

9. On December 5, 2013, notice of the people's Bank of China Ministry of instry and information technology, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing bitcoin risk: bitcoin is a specific virtual commodity; Bitcoin trading is a kind of commodity trading on the Internet. Ordinary people have the freedom to participate in it at their own risk
on September 4, 2017, notice of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risk of token issuance financing: it is prohibited to engage in token issuance financing activities (ICO); The trading platform shall not engage in the exchange business between legal tender and token, or virtual currency, or buy or sell token or virtual currency as a central counter party, or provide pricing, information intermediary and other services for token or virtual currency
according to the monitoring of financial regulatory authorities, recently, some lawless elements hype "virtual currency" under the banner of blockchain. Therefore, China Internet Finance Association issued "risk tips on preventing ICO and" virtual currency "trading activities in the name of blockchain".