Bitcoin split several times

1. bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system

anyone can run software on specialized hardware and become a bitcoin miner. mining software monitors transaction broadcast through P2P network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners can earn transaction fees paid by users to speed up transaction processing and additional bitcoin issued according to fixed formula
new transactions need to be included in a block with mathematical workload proof before they can be confirmed. This kind of proof is hard to generate because it can only be generated by trying billions of calculations per second. Miners need to run these calculations before their blocks are accepted and rewarded. As more people start mining, the difficulty of finding effective blocks will be automatically increased by the network to ensure that the average time to find a block remains at 10 minutes. Therefore, the competition for mining is very fierce, and no indivial miner can control the content contained in the block chain
workload proof is also designed to rely on previous blocks, which forces the time sequence of block chain. This design makes it extremely difficult to cancel previous transactions, because the workload proof of all subsequent blocks needs to be recalculated. When two blocks are found at the same time, the miner will process the first block received, and once the next block is found, it will be transferred to the longest block chain. This ensures that the mining process maintains a global consistency based on processing capacity
bitcoin miners can neither increase their rewards by cheating, nor deal with the fraulent transactions that destroy the bitcoin network, because all bitcoin nodes will reject the blocks containing invalid data that violate the bitcoin protocol rules. Therefore, even if not all bitcoin miners can be trusted, the bitcoin network is still secure

sha256 is an encryption algorithm.

2. Theoretically, it can't be done. In practice, it can't be done if you want to expand the application scenarios.

3. Yes, the price of bitcoin is so high that it's impossible for everyone to hold a single coin. Therefore, there are transactions of a few coins. Recommend EBIT

4. DGC is a split disk, suspected of serious false publicity, is a typical digital money pyramid scheme
four typical pyramid schemes recognized by digital currency circle include split offer, mutual offer, compound interest offer and cloud mining machine leasing. It's better to stay away from this kind of project. Other projects have static income and dynamic income. The projects with complex bonus system are basically pyramid schemes
it's a pyramid scheme. Compare it with bitcoin, Ruitai coin, dogcoin and other mainstream digital currencies.

5. Bitcoin is now bought at a very high price. You are not familiar with this currency. If you go in rashly, you may buy it at a high price, and then you will be at the bottom. Now there are other currencies, which are split several times a year, and each split is no less than 1.5 times! It's just a suggestion. It's not a promotion. It's just that I have friends who have played bitcoin before and I know something about it!

6.

Bitcoin network generates a new block every ten minutes. Every time a miner completes a block, he can get a certain amount of bitcoin as a block reward, and the reward will be halved for every 210000 blocks mined. Because the time for mining each block is limited to 10 minutes, at this rate, the period for the reward to be halved is four years, that is to say, the reward for bitcoin blocks is halved every four years

when the bitcoin block reward was halved for the first time, its price rose 25 times from 300 yuan to 7995 yuan; In the second half, the price rose 28 times from 5011 yuan to 140000 yuan. So many people predict that the third halving of bitcoin in May 2020 will lead to a sharp rise in the price of bitcoin, at least 10 times. However, these figures are not so clear. After halving in 2012, bitcoin prices rose for two months, and in 2016, there was almost no immediate response to deflation for a month. This may also be the result of the strategy of "buying rumors and selling news" implemented by some speculators

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after bitcoin halved, the supply slowed down, and keeping deflation through algorithm has always been a part of bitcoin protocol design. It was set up to ensure the value of bitcoin. By recing block incentives and setting the maximum possible supply of bitcoin at 21 million bitcoins, bitcoin has an anti inflation feature, which runs counter to the tendency of central banks to print money at will. At present, there are about 17.5 million bitcoins in circulation, and less than 3.5 million bitcoins are available for mining. When the next block award halves, bitcoin's annual inflation rate will drop from the current 3.8% to about 1.8%

maintaining deflation through algorithms has always been a part of the design of bitcoin protocol. It was created to guarantee the value of bitcoin. By recing block incentives and keeping the total amount of bitcoin at 21 million bitcoins, bitcoin is endowed with an anti inflation nature, which is different from the tendency of central banks to print money at will. At present, there are about 17.5 million bitcoins in circulation and less than 3.5 million available for mining. The next block award cut in half could rece bitcoin's annual inflation rate from the current 3.8% to about 1.8%. This will be the first time in bitcoin's history that it has fallen below the historical average of about 2% - 3% growth in gold supply

7. Every time there is bad news and market panic, bitcoin will fall sharply. For example, hackers steal bitcoin and the central bank forbids bitcoin trading. The price of bitcoin is controlled by the news and market sentiment. Every fall is an opportunity for bottom hunting. Playing with the band is very good. A few years ago, when I was hunting bitcoin at Bitz, there were dozens of points in one band, although I didn't earn much, But it's safe

8. Split according to the amount of money sold in the market, the static huge income: each cut to double the amount of money; Cutting method, only up but not down, from 0.2 U.S. dollars up, up to 0.4 U.S. dollars on cutting&# 65039; The first cut was one million dollars, up one cent, that is, 200000 dollars, up one cent, starting from 0.2 dollars to 0.4 dollars, and starting to cut. In this way, you can see the increase every day&# 65039; The second cut was 2 million yuan, up by one point, and also from 400000 US dollars, up by one point, from 0.2 US dollars to 0.4 US dollars, starting to cut, so that we can see the increase every day&# 65039; In the third cutting, 4 million yuan rose by one point, and it also rose by one point from US $800000, from US $0.2 to US $0.4, so that we can see the increase every day&# 65039; In the fourth cutting, 8 million yuan rose by one point, from 1.6 million U.S. dollars, up by one point, from 0.2 U.S. dollars to 0.4 U.S. dollars, starting cutting. In this way, we can see the increase every day&# 65039; The fifth cut was 16 million yuan, up by one point, from 3.2 million US dollars, up by one point, from 0.2 US dollars to 0.4 US dollars, starting to cut, so that we can see the increase every day. and so on. A total of ten cuts, so early leaders, quickly point&# 128287; After the first cut, like bitcoin began to appreciate, everything has just begun

9. Morgan money is not an encrypted digital currency, and bitcoin home, the media in the currency circle, has exposed it as a pyramid scheme. Netease also has relevant reports
according to the information obtained by China Anti MLM volunteer alliance, Baichuan coin is similar to SMI, MBI, mark coin, dark coin, mmm, Fuda compound wealth management, carat coin, petrocurrency, Huaqiang coin, CB aiib Hong Kong Group, Yuansheng, Shitong yuan, u coin, Jubao, 21st Century Fox, Wanxi wealth management and BBT (now renamed Morgan coin after repeated exposure by the media), They are all illegal pyramid schemes in the guise of virtual currency
this kind of MLM operation has the following characteristics:
1. Most of the above currencies are issued in a non constant amount, only speculation, and no commercial application
2. All of them belong to online financial pyramid selling, and the servers are all overseas, so it is difficult to investigate and deal with them
3. Short running cycle. Generally 3-6 months, to return money to the peak directly shut down the network running, change a vest to come back.