What does bitcoin full stand for

Publish: 2021-04-03 12:09:33

bitcoin, English name bitcoin, is a digital currency based on blockchain technology, which is composed of a series of computer-generated complex codes. Like RMB's ￥ and US dollar's $, bitcoin has its own symbol, the "B" in the figure below

The inventor of

bitcoin is Nakamoto. Satoshi Nakamoto is the creator of bitcoin protocol and its related software bitcoin QT. In 2008, he published a paper called "bitcoin: a peer-to-peer electronic cash system", describing an electronic currency and its algorithm that he called "bitcoin"

In 2009, he released the first bitcoin software and officially launched the bitcoin financial system

In 2010, he graally faded out and handed over the project to other members of the bitcoin community

Nakamoto is believed to hold about one million bitcoins. If the price of each bitcoin was $2W, it was worth $20 billion at one time. So far, his true identity is still unknown to the outside world, that is to say, no one knows who Nakamoto is

bitcoin appeared after the global financial crisis in 2008. In fact, before that, many people have tried electronic currency, digital currency and virtual currency, but they have not succeeded. There are not only technical reasons, but also social environment and economic background reasons. To some extent, it was the 2008 financial crisis that gave birth to bitcoin

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 universal encrypted electronic currency in the world, and it is completely autonomous by users. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items

3. Now many small partners are speculating in bitcoin. How many people really understand the meaning of bitcoin and what it is? We need to divide it into two parts. On the one hand, you have a bitcoin token, a code fragment representing the ownership of digital concepts - a bit like a virtual IOU. On the other hand, you have the bitcoin protocol, a distributed network that maintains a balanced ledger of bitcoin tokens. Both are known as "bitcoin."

the system supports sending payments between users without the need to go through a central authority (such as a bank or payment gateway). It is created and saved electronically. Bitcoins are not printed like dollars or euros - they are free software proced and used by computers around the world

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

5. 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 money 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
2. It is risky to enter the market and investment should be cautious
response time: February 25, 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

Recently, the price of bitcoin has soared. Is there anyone behind this phenomenon controlling the price of bitcoin? I think the possibility of artificially controlling the price of bitcoin is very low. The overall market value of bitcoin has reached hundreds of billions of dollars. It is very difficult to control the price of bitcoin. Now bitcoin is one of the most mature digital currencies in the market, and has basically realized market-oriented transactions

recently bitcoin prices rose too fast, there is a certain bubble risk, but bitcoin as an internationally known digital currency, many institutions for bitcoin value is long-term good, in the long run, bitcoin price still has certain room for growth. But in the process of purchasing, we must control the risk. There is no limit on the rise and fall of bitcoin, and the price will fluctuate greatly. We should use leverage carefully to operate bitcoin

7. In the short term, there are positive correlation factors. You can make a profit. 1. Gold price. 2. The price of bitcoin futures in the United States. Three dollars. 4. For geopolitical risks, such as the Korean Peninsula or the open contest between the United States and Europe in Syria. On the middle line, 1, 2 and 4 economies. Second, the realization of the investment information of virtual currency by the world investment consortia or elders. In the long run, what is China's future policy on virtual currency?. 2. The United States and Japan. And whether the monetary policies of the countries with transactions in Southeast Asia are good. Behind the short-term profit taking. Combined with technology. When the price is fixed. Take a part of the profit and put 30%. Look at the long line. As for other virtual currencies, this is not a reference. We should act according to the circumstances. Because the international recognition of other currency transactions is not great, think twice. But now China has banned online and offline trading of bitcoin and virtual currency, which is very risky. I would like to pay attention.

Hot content

Inn digger Publish: 2021-05-29 20:04:36 Views: 341

Purchase of virtual currency in trust contract dispute Publish: 2021-05-29 20:04:33 Views: 942

Blockchain trust machine Publish: 2021-05-29 20:04:26 Views: 720

Brief introduction of ant mine Publish: 2021-05-29 20:04:25 Views: 848

Will digital currency open in November Publish: 2021-05-29 19:56:16 Views: 861

Global digital currency asset exchange Publish: 2021-05-29 19:54:29 Views: 603

Mining chip machine S11 Publish: 2021-05-29 19:54:26 Views: 945

Ethereum algorithm Sha3 Publish: 2021-05-29 19:52:40 Views: 643

Talking about blockchain is not reliable Publish: 2021-05-29 19:52:26 Views: 754

Mining machine node query Publish: 2021-05-29 19:36:37 Views: 750

What does bitcoin full stand for

Related to What does bitcoin full stand for