Classic bitcoin

1.

1. The concept range is different. bitcoin is a kind of digital currency, and the concept of digital currency covers bitcoin

However, some digital currencies have independent issuers

The biggest difference between bitcoin and other virtual currencies is that the total quantity of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Bitcoin is a digital currency

digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold

today's digital currencies, such as bitcoin, lettercoin and ppcoin, are electronic currencies created, issued and circulated by means of check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency

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illegal digital currency

in recent years, "virtual currency" represented by bitcoin, Ethernet currency and Leyte currency has been traded centrally on some Internet platforms. With the help of financial technology, the price of these "currencies" has graally spread to investment, financing and other financial fields, which has aroused wide attention from all walks of life

not long ago, the people's Bank of China and other seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, which clearly regulated the relevant behaviors. Experts pointed out that "virtual currency" is not legal tender (legal currency) issued by monetary authorities, but a specific virtual commodity in essence

therefore, it is undoubtedly a great legal and economic risk to think that "virtual currency" has or will have the nature of legal tender and to carry out speculation, network fund-raising, lending and financing

2.

They are:

bitcoin

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

bitcoin cash

bitcoin cash is a new version of bitcoin with different configurations launched by a small number of bitcoin developers

extended data:

virtual currency refers to non real currency. Well known virtual currency, such as network company's network currency, Tencent company's Q currency, Q point, Shanda company's voucher, Sina's Micro currency (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver pattern (used for bixue Qingtian game)

the popular digital currencies in 2013 are bitcoin, Leyte coin, infinite coin, quark coin, zeta coin, BBQ coin, pennies (Internet), invisible gold bar, red coin and prime currency. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"

3. At present, bitcoin trading platforms belong to foreign countries, and the domestic exchanges issued a ban on September 4, 2017, and all the bans were removed. Nowadays, most of the popular exchange entities in the market are overseas, and most of the domestic users of the platform can use them
however, to say a good thing, it depends on whether it is safe and reliable enough, whether the trading experience is smooth enough, and whether the currency is complete enough. From these dimensions, the security of the current mainstream centralized exchanges is not up to standard, and coin loss and theft often occur. In contrast, the decentralized exchange has achieved rapid development in the past two years. In particular, the head of the decentralized exchange has done a very good job in terms of user asset security and user experience, and the good experience can be comparable to that of the centralized exchange. It is believed that with the development of technology, decentralized exchanges will graally become the mainstream, and centralized exchanges will graally withdraw from the historical stage. The trading platform is better to be decentralized, such as me.

4.

Fire coin is a bitcoin trading platform. As of the end of 2016, the accumulated turnover of fire coin reached 200 billion yuan

bitcoin is a virtual encrypted digital currency in the form of P2P

Bitcoin is different from all currencies. Bitcoin does not rely on a specific currency institution. 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 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

extended information:

fire coin business

1. Fire coin global station, headquartered in Singapore, provides digital asset trading and investment services

2. The digital asset trading platform based on Korean won provides digital asset trading services

3, China, has become a platform for information and research in vertical chain of block chain, providing regional chain technology research and application information for Chinese mainland users, and integrates services such as instry consultation, research and ecation training. p> The company is headquartered in Beijing, China, providing digital asset management services and user experience

5.

The search for bitcoin on the Internet has been going on all the time, and its price has been fluctuating and rising, and has broken through a number of barriers, such as $30000, $40000 and $50000. It has become the most popular investment contract in the virtual currency circle, but e to market volatility, for greater reasons, it will be cleared almost every trading day. The huge amount of money involved makes some investors completely unable to calm down. Of course, for those traders who make profits many times, they will naturally make a lot of money, and their personal wealth will be more and more. Therefore, when investing in virtual currencies (such as bitcoin), when the market fluctuates sharply, there will be some happy and sad phenomena

In addition, although the current price of bitcoin has been rising, there is still a lot of controversy in the market. Many financial institutions take a negative attitude and regard it as a speculative asset rather than a currency because of its lack of practicality. Value support, and at the same time issued a number of warnings. In addition, India is about to implement the ban on cryptocurrency, other countries are not very optimistic about the prospect of virtual cryptocurrency, some criminals use their hidden money laundering crimes, so there are many uncertainties in the future market trend

6. The main reason is that bitcoin has not appeared a killer application, and the application scenarios are limited. The hype is just a concept. Bitcoin's infrastructure and ecosystem are fragile. The continuous downturn of bitcoin price makes people lose confidence in bitcoin and begin to flee on a large scale. Years later, Mentougou announced that more than 800000 coins had been stolen, which was a fuse. It made people question the security of bitcoin and found a breakthrough point for the outside world to attack bitcoin. Mentougou has become a classic case of bitcoin attack. After 2015, the stamps were stolen again, worth 5 million US dollars, which is a blow to the confidence of the players. Big miners selling cash also exacerbated the sharp decline in prices, the line has become a vicious cycle. Of course, it's almost the Spring Festival, so it's reasonable for everyone to go home for the Spring Festival.

7. The reasons for the classic version of bitcoin are as follows:
1 the core team (mainly members of blockstream company) insists that the 1m upper limit should not be modified
2 Gavin and others hope to expand the block capacity to increase the transaction volume of network support before the block is seriously blocked
3 China mining pool thinks that Gavin's early scheme has too high network requirements and is not suitable for the domestic network situation
4 developer Jonathan comes to China, According to the block size, a series of field network performance tests are carried out. The test results show that there is no problem for China network to support 2-3m blocks. At the Hong Kong Conference (led by the core team), he shared his test results, but they were ignored
5. Jonathan contacted and interviewed many miners and mine owners, and came to the conclusion that Gavin's original plan was accepted by very few people because of its fast expansion speed, but there were basically no miners and mine owners against the expansion of 2-3m, Based on the results of testing and investigation, we have developed bitcoin classic version
6. The mining pools and companies that have been interviewed and inquired by Jonathan begin to declare that they support the classic version, because it is the only feasible expansion scheme that can be promoted in the near future, and have excellent developers

8. The classic version of bitcoin continues Nakamoto's idea (block development can follow Moore's law), and takes into account the current network situation (especially the firewall where China is absent from work), and increases the original 1m block limit to 2m. Increase the total amount of transactions that the network can support<
the reason for the classic version of bitcoin:
1 the core team (mainly members of blockstream company) insists that the 1m upper limit should not be modified
2 Gavin and others hope to expand the block capacity to increase the transaction volume supported by the network before the block is seriously blocked
3 China Mining pool thinks that Gavin's early scheme has too high requirements for the network, Not suitable for the domestic network situation
4 developer Jonathan came to China and carried out a series of field network performance tests for the block size. The test results show that there is no problem for China network to support 2-3m blocks. At the Hong Kong Conference (led by the core team), he shared his test results, but they were ignored
5. Jonathan contacted and interviewed many miners and mine owners, and came to the conclusion that Gavin's original plan was accepted by very few people because of its fast expansion speed, but there were basically no miners and mine owners against the expansion of 2-3m, Developed the classic version of bitcoin
6. The mining pools and companies that were interviewed and inquired by Jonathan began to declare that they support the classic version, because it is the only feasible expansion scheme that can be promoted in the near future, and they have excellent developers.

9. In fact, bitcoin cash is a branch currency based on the classic bitcoin

compared with the classic bitcoin, bitcoin cash mainly adjusts the block capacity to 8m
because bitcoin cash was only launched in August this year, at the beginning of its launch, bitcoin was given free of charge to users in proportion to the number of users' bitcoins; Therefore, users graally accept bitcoin cash
in addition, the classic bitcoin has some problems in transaction, so more and more people begin to use bitcoin cash.

10. Different people have different opinions on this issue
we can say that real estate is a typical bubble. Many experts will argue that there is no bubble.
we can say that RMB is a typical bubble, and it has too many issues. Experts are noisy, not much
What about bitcoin? Or you can have a fight. It's a bubble or a bubble.
bubble is not a thing itself, after all, the world's major powers, especially China, issue too many banknotes, so that paper money is constantly circulating in the market, and constantly promote all kinds of "price" to measure all the ups and down. Including land, including garlic, including basic living expenses, and so on
remember that bubbles are procts of massive currency issuance, not just one thing.