What is the lowest bitcoin this year
By the end of July 2020, bitcoin is now 98 yuan
the bitcoin address and private key appear in pairs, and their relationship is just like the bank card number and password. A bitcoin address is like a bank card number, which records how much bitcoin you have on it. You can generate bitcoin address at will to store bitcoin. When each bitcoin address is generated, a corresponding private key of the address will be generated
extended materials:
whenever bitcoin comes into the view of mainstream media, mainstream media always ask some mainstream economists to analyze bitcoin. Earlier, these analyses always focused on whether bitcoin was a scam. Now the analysis is always focused on whether bitcoin can become the mainstream currency in the future. The focus of the debate is often on the deflationary nature of bitcoin
many bitcoin players are attracted by the fact that bitcoin can not be issued at will. The attitude of bitcoin players is quite the opposite, and the attitude of economists is polarized compared with the fixed amount of 21 million bitcoin
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there are many unsuccessful currencies in history, such as the Deutschmark in the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were usually e to over inflation that could not happen on bitcoin, there were always potential technical errors, currency competition and political problems. The basic lesson is that no currency can be considered absolutely safe from failure or difficult times. Bitcoin has been proven reliable for several years since its birth, and it has great potential to continue to grow. But no one can predict the future of bitcoin< The rapid rise in price of BR />
does not constitute a bubble. Artificial overestimation will lead to a sudden downward revision, which will form a bubble. The price fluctuation of bitcoin caused by the indivial behavior of thousands of market participants is the result of the market determining the price. From the emotional point of view, the reasons for price changes include: the loss of confidence in bitcoin, the huge difference between price and value not based on the fundamentals of bitcoin economy, more and more news reports stimulating speculative demand, fear of uncertainty, and outdated irrational prosperity and greed.
what is blockchain technology
in a narrow sense: blockchain technology is a kind of chain data structure composed of data blocks connected in sequence according to the time sequence, and it can not be tampered with and forged in the way of cryptography
broad concept: blockchain technology uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, and uses cryptography to ensure the security of data transmission and access It is a new distributed infrastructure and computing paradigm to program and manipulate data by using smart contracts composed of automated script code
Renhua: blockchain technology is a way for the whole people to participate in recording. In the blockchain system, everyone's records can be recorded and distributed to everyone in the system for backup. Such a decentralized way greatly improves the system security< br />
What are the benefits of blockchain technology
1. Blockchain technology is highly reliable
the design of blockchain enables it to effectively prevent failures and attacks. Because a blockchain is shared by a group of open users, even if a single node in the blockchain network fails, it will not lead to the loss of information on other nodes, the rest of the participants can still operate as usual, and the transaction transmission on the blockchain will not be affected
2. Blockchain is transparent
the transparency of the blockchain is that any data updates on the blockchain will be synchronized to the whole blockchain, and any data records on the blockchain network can be queried at each node. Blockchain eliminates the asymmetry of data and improves the trust between network nodes< br />
3. The records stored on the blockchain cannot be changed
unless more than 50% of the nodes in the blockchain change the same record, all data cannot be changed. This reces the risk of fraud in the transaction. Moreover, the stored records have the characteristics of irrevocability. When new data is written into a block, the newly generated block will be copied to all blocks in the blockchain. This process is irreversible, so the blockchain has the characteristics of irrevocability. This improves the accuracy of the transaction, simplifies the data processing process, and reces the cost of keeping the original data and transaction traceability