BTC usage

1. bitcoin is a kind of digital currency. Bitcoin can only be regarded as an electronic commodity in China. Bitcoin has become a legal currency in Germany. Bitcoin can be regarded as a collection. Collectors regard bitcoin as priceless, while non collectors regard bitcoin as worthless characters.

2. First, register and log in by email, and the second picture after login is the receiving address of bitcoin. If you want to pay to this address, you can transfer money to this address by using bitcoin wallet, or withdraw money to this address by using exchange

3. How to choose BTC wallet and how to store your bitcoin? This is an important problem that every bitcoin user must face. Bitcoin gives you more freedom and power to control your money. But if you are not careful, it may bring disastrous losses. If you choose to remain in complete control of your bitcoin on your own, then there is no one who can stop you from doing something stupid and pay for your mistakes. There is no bitcoin company to call and try to convince your legitimate owner of your address so they can give you the key back. However, there are friendly and secure services based on bitcoin, or intermediate solutions, which can let users avoid the risk of operating wallets. The purpose of this article is to explain what different options you have for storing BTC, so that each user can make the right choice between security and control. Wallets fall into two main categories: Online wallets online wallets are by far the easiest way to access your bitcoin from any computer. But there needs to be enough trust in wallet service providers. Currently, there are four main choices for online Wallet:

4. 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
the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique. In the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. The process of mining is to constantly seek the special solution of this equation system through a huge amount of calculation. This equation system is designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million
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. After completing the installation of bitcoin client, you can directly obtain a bitcoin address. When others pay, you only need to paste the address to others, and you can pay through the same client. After installing the bitcoin client, it will distribute a private key and a public key. You need to back up your wallet data containing your private key to ensure that your property is not lost. Unfortunately, if the hard disk is completely formatted, personal bitcoin will be completely lost.

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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

bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

1. Bitcoin (bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals

2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

3. On May 12, 2017, a global outbreak of bitcoin virus madly attacked public and commercial systems! Nearly 74 countries in the world have been seriously attacked

4. From August 1, 2017, global bitcoin trading platform will suspend recharge and withdrawal services. Bitcoin China digital asset trading platform will stop new user registration on September 14, and all trading businesses will be stopped on September 30

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, 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

Unlike most currencies, bitcoin does not rely on specific currency institutions to issue. 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, And the use of cryptography design to ensure the security of all aspects of money circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. 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. 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

6. At present, there are a lot of digital currency wallets on the market. It is recommended to choose a well-known and official wallet, which is relatively safe. For example: bitpie wallet, fire coin, coin security, etc., but at present these apps can't be downloaded, you need to use a foreign account login app store to search.

7. Bitcoin has no clear legal identity in China. It can be cashed in some foreign areas and can be converted into the currency of most countries. Users can use bitcoin to buy some virtual goods, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life goods

8. Now Dell, Microsoft, Newegg and other global giants have accepted bitcoin payment, you can buy the procts or services of these businesses. Of course, if you are a merchant, you can also accept bitcoin through payment institutions, or you can directly convert the accepted bitcoin into legal tender through payment institutions. Since then, you can accept both bitcoin and legal currency, recing the risk of bitcoin volatility

in China, the biggest use is trading, earning a price difference, or for mortgage. Of course, it can also be used as a means of value storage.

9. Bitcoin is actually a network medium of two kinds of value conversion. For example, through the Internet, one currency is converted into another currency, and one currency is converted into an article. Bitcoin acts as a network medium.