Is bitcoin recognized by China
Publish: 2021-04-15 03:28:12
1.
although bitcoin still has great risks, after years of development, with the increase of its application population, application scenarios and application technology, no country or organization can completely eliminate it. If you can figure it out, it is likely that countries will generally accept bitcoin and embrace it
according to my personal judgment, bitcoin, after a period of continuous development, is likely to become a world currency in the future, which can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, bitcoin can be used as a means of asset preservation in the future when inflation is inevitable
2. The core code of the blockchain of blockchain technology operates on the server side, decouples the bottom part of the blockchain code (P2P network, consensus algorithm, data storage, etc.) from the wallet part (address management, encryption algorithm, transaction control, etc.), and deeply optimizes the whole blockchain code. This is how the bitbox system is transplanted to the mobile terminal. Make it better adapt to mobile phone hardware and network performance, improve the stability and reliability of blockchain operation, but also bring greater security
3. Of course not. The following is excerpted from evolution of currency: digital currency
before the advent of bitcoin, all payment systems were based on central authorities (such as banks, payment services, etc.), and customers opened accounts and operated. Therefore, with the permission of the bank, the transaction can be completed through "confirmation", "guarantee" and "execution". At the same time, users need to be completely dependent on banks and other top institutions. Money in the banking system can be monitored, frozen, seized, and cut by inflation
bitcoin system is different. Bitcoin technology enables users not to rely on the guarantee of a third party - all transactions are checked and authenticated by the bitcoin decentralized network, and its functions are also distributed, just like torrent network. Bitcoin system does not belong to anyone, its users are equal, the program source code is open and anyone can view, so as to ensure independence, fairness and security. To create an account and start using bitcoin, users don't have to show their identity or get approval - just connect to the network and install the program wallet. At the same time, all transactions can be carried out directly without freezing. Bitcoin can not only be converted into national currency, but also be used directly in some stores
the independence of bitcoin eliminates the external influence on the network, which is the key advantage compared with the banking system. The timetable of the new bitcoin derived from the algorithm has planned the issuance of the next few decades, directly excluding the uncontrollable inflation in fiat money. No intermediary means no transaction fees or very little. The continuous operation of the network can ensure that users can automatically remit any amount of money in 10 minutes anywhere - without intermediary, restriction and risk. Not long ago, it was hard for people to imagine, but now as long as they can access the network, all this can become a reality.
before the advent of bitcoin, all payment systems were based on central authorities (such as banks, payment services, etc.), and customers opened accounts and operated. Therefore, with the permission of the bank, the transaction can be completed through "confirmation", "guarantee" and "execution". At the same time, users need to be completely dependent on banks and other top institutions. Money in the banking system can be monitored, frozen, seized, and cut by inflation
bitcoin system is different. Bitcoin technology enables users not to rely on the guarantee of a third party - all transactions are checked and authenticated by the bitcoin decentralized network, and its functions are also distributed, just like torrent network. Bitcoin system does not belong to anyone, its users are equal, the program source code is open and anyone can view, so as to ensure independence, fairness and security. To create an account and start using bitcoin, users don't have to show their identity or get approval - just connect to the network and install the program wallet. At the same time, all transactions can be carried out directly without freezing. Bitcoin can not only be converted into national currency, but also be used directly in some stores
the independence of bitcoin eliminates the external influence on the network, which is the key advantage compared with the banking system. The timetable of the new bitcoin derived from the algorithm has planned the issuance of the next few decades, directly excluding the uncontrollable inflation in fiat money. No intermediary means no transaction fees or very little. The continuous operation of the network can ensure that users can automatically remit any amount of money in 10 minutes anywhere - without intermediary, restriction and risk. Not long ago, it was hard for people to imagine, but now as long as they can access the network, all this can become a reality.
4. In some places, bitcoin can be used to buy things for specific goods. The Chinese government does not recognize bitcoin, so bitcoin is not recognized in China.
5. Then why are they all in Kunming, singing, engaging in literature and art, and training! China Hongmei group Bo Zhi Da Ai, is the word "China" at the beginning, is that saying that China is also false? Please explain?
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