What does bitcoin super word mean
reference link: http://wuhan.pbc.gov.cn/wuhan/2929354/3393665/index.html
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 circulationbitcoin: 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
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
therefore, "bitcoin" is converted into value by "CPU power and time consumed" in host computing, which means that because miners need "so much power and time", the bitcoin g out will be worth so much money
in fact, the metaphor of this sentence seems wrong now. Suppose there is only one computer in the world to dig bitcoin slowly, or you can dig it all out. Therefore, the price of bitcoin depends more on belief (I believe that more and more people will use bitcoin, and bitcoin will be accepted by more and more people), as well as the capital inflow generated by belief.
bitcoin is a kind of P2P digital currency. Bitcoin is not issued by specific currency institutions, it is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. 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. Bitcoin is a kind of network virtual currency with limited quantity, similar to Tencent's q-coin, but can be used for cash: it can be converted into the currency of most countries. 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. The monetary system has no more than 10.5 million in the first four years, and the total number after that will be permanently limited to 21 million. Another point is that you can use computers to make bitcoin. This is also the saying that there is bitcoin mining at present. In 2008, the global financial crisis broke out. At that time, someone published a paper under the pseudonym of "Nakamoto Tsung", describing the mode of bitcoin. This process can be understood as follows: every 10 minutes, a locked treasure chest will appear in the world, which contains a certain number of bitcoin. Who has the ability to open the treasure chest can get the wealth in the box.. In 2009, bitcoin, which is not controlled by the central bank and any financial institutions, was born. Bitcoin is a kind of "electronic currency", which is composed of a series of complex codes generated by computer. New bitcoin is manufactured through preset programs. With the increase of the total amount of bitcoin, the speed of new coin manufacturing slows down. Until 2140, the total amount of bitcoin reached the upper limit of 21 million, and the total amount of bitcoin g up has exceeded 12 million. Compared with legal tender, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacture of bitcoin, and it can circulate all over the world. It can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can mine, buy, sell or collect bitcoin, And in the transaction process, foreigners can not identify the user's identity information. The distributed characteristics of P2P and the design of no central management mechanism ensure that no organization can manipulate the value of bitcoin or create inflation< There are two sources of bitcoin, one is mining, the other is trading
bitcoin Mining:
to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start. Bitcoin mining is becoming more and more difficult. Some time ago, we could dig one in a few days. In the future, we may dig one in a few weeks or even longer. What kind of mining is used? After certain settings, your "computer" is a miner, let it help you dig bitcoin
bitcoin Trading:
there are many online bitcoin trading institutions at home and abroad, which accept the exchange of bitcoin and legal tender. Among them, Mt. GOx is the earliest and most powerful bitcoin trading platform, which was established in Japan in 2010. Bitstamp and btc-e are the other two big foreign exchanges. There are also a large number of trading platforms in China. For example, btcchina (bitcoin China), founded in June 2011, is the first trading platform operating in China (the largest in China), and also the top three corporate trading platform in the world. In addition, since 2013, a number of emerging bitcoin trading platforms have emerged, such as btc360 (bitcoin 360)
3. Others
at first, the price of bitcoin, which only sold for 5 cents, once hit US $266, but after a few days, it dropped sharply to US $40. It is worth noting that in the recent round, bitcoin soared to more than US $1000, equivalent to RMB 7588.88 (bjtime20131130am10),. A large part of the reason is the power of the Chinese people. On the afternoon of December 5, 2013, the central bank issued the notice on preventing bitcoin risks, in which the central bank said that bitcoin is not a currency, but a virtual commodity. In addition, financial institutions and Payment institutions are not allowed to carry out business related to bitcoin. The release of this content undoubtedly has a significant impact on the market price of the special currency. As for the future, I want to use a classic slogan to describe it: everything is possible! Let's see... After all, it's a popular post. That's about it. If you want to know more about it, there are many related introctions on the Internet
bitcoin China
https://vip.btcchina.com/
bitcoin real time quotation
http://info.btc123.com/index_ Btcchina. PHP
Article source
http://user.qzone.qq.com/740046996/blog/1386598947
but this is not a clear sentence. So now many people don't understand it and say it's pyramid selling or something
to put it in a word, it is a set of virtual world account books, which are used all over the world.
