What is the currency in bitcoin
Publish: 2021-04-17 00:31:12
1. bitcoin is a kind of virtual currency, which 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 in the world
reference link: http://wuhan.pbc.gov.cn/wuhan/2929354/3393665/index.html
reference link: http://wuhan.pbc.gov.cn/wuhan/2929354/3393665/index.html
2. The concept of bitcoin (BTC) 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 monetary institution to issue. It is generated by a large number of calculations based on a specific algorithm
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
this answer is provided by KangBo finance and economics. KangBo finance and economics focuses on the interpretation of financial hot events and the popularization of financial knowledge. It adheres to the profession and pursues fun. It is a financial content that people can understand and transmits financial value in a variety of vivid ways. I hope this answer will help you.
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 monetary institution to issue. It is generated by a large number of calculations based on a specific algorithm
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
this answer is provided by KangBo finance and economics. KangBo finance and economics focuses on the interpretation of financial hot events and the popularization of financial knowledge. It adheres to the profession and pursues fun. It is a financial content that people can understand and transmits financial value in a variety of vivid ways. I hope this answer will help you.
3.
what is bitcoin
a virtual currency
What is bitcoin< p> Bitcoin was a kind of virtual currency at the beginning, 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. Bitcoin is not subject to geographical restrictions and can be exchanged anywhere in the world. Therefore, it is also used as a money laundering tool by some criminals. In 2013, the US government recognized the legal status of bitcoin, which made the price of bitcoin rise a lot. At that time, a bitcoin was equivalent to 6989 yuan. After that, bitcoin was blocked by many parties because of its status quo of encouraging illegal activities and disrupting the financial order. China stopped the registration of new users on September 14, 2017, and stopped all trading business on September 30
4.
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 specific currency institutions. It is generated by a large number of calculations based on specific algorithms. 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 currency circulation
extended data:
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
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
the bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities
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 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, and uses cryptography design to ensure the security of all aspects of currency 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. 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 about 21 million
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees
on September 4, 2017, the central bank and other seven ministries and commissions announced that China banned virtual currency trading
on December 17, 2017, bitcoin reached an all-time high of $19850
on November 25, 2018, bitcoin fell below the $4000 mark and is now stable at more than $3000.
in April 2019, bitcoin again stood at the $5000 mark, reaching a new high of the year.
unlike all currencies, bitcoin does not rely on 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, and uses cryptography design to ensure the security of all aspects of currency 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. 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 about 21 million
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees
on September 4, 2017, the central bank and other seven ministries and commissions announced that China banned virtual currency trading
on December 17, 2017, bitcoin reached an all-time high of $19850
on November 25, 2018, bitcoin fell below the $4000 mark and is now stable at more than $3000.
in April 2019, bitcoin again stood at the $5000 mark, reaching a new high of the year.
6. Bitcoin is a kind of electronic currency, virtual digital currency, proced by open source P2P software. It is a kind of decentralized currency based on a set of cipher codes, generated by complex algorithms, and rules are not interfered by any indivial or organization. Any Internet user can download and run the bitcoin client online, participate in manufacturing and obtain the corresponding bitcoin
let's talk about the birth of bitcoin. Bitcoin was designed by a man named Nakamoto in 2008. He designed a complex algorithm. If you use your computer to crack it, as a reward, bitcoin will be generated (which is also called mining). When your computer completes certain cracking tasks, a bitcoin will be created, which belongs to you. Of course, money can't be created indefinitely, otherwise it will cause unlimited inflation. So, as more and more bitcoins are created, your computer will need to do more work to create new bitcoins. Eventually, by 2040, the total number of bitcoins will be strictly controlled at 21 million
bitcoin cannot be used as ordinary currency
let's talk about the birth of bitcoin. Bitcoin was designed by a man named Nakamoto in 2008. He designed a complex algorithm. If you use your computer to crack it, as a reward, bitcoin will be generated (which is also called mining). When your computer completes certain cracking tasks, a bitcoin will be created, which belongs to you. Of course, money can't be created indefinitely, otherwise it will cause unlimited inflation. So, as more and more bitcoins are created, your computer will need to do more work to create new bitcoins. Eventually, by 2040, the total number of bitcoins will be strictly controlled at 21 million
bitcoin cannot be used as ordinary currency
7. In the history of mankind, there have been many financial frauds. The tulip fever in 1637, the South China Sea bubble in 1720 and the P2P scam in front of us today are related to the greed of human nature. Let him go. It's too late to arrest people
but if we don't arrest people, the whole country will be gone<
this is not alarmist, but based on several basic characteristics of the token:
1. 99% of the tokens are fund-raising scams. Because it doesn't create new wealth, it just plunders and transfers the existing wealth
2. The scale and speed of this transfer of stock wealth are far higher than those of "Pediatrics" such as P2P - the influx of money grabbing ICO. Several big "exchanges" in China are queuing up to list thousands of tokens, and the daily service charge of a big "exchange" can easily exceed 100 million - the so-called "one day in the coin circle, one year in the world"
3. The vast majority of the stock wealth that has been easily transferred (plundered) will never come back - few people in ICO really want to do business, either to be transferred out of the country or to be wasted
for any country, the accumulation of wealth and capital is difficult, and the above characteristics of token, for the country, is a huge capital gobbling up the black hole, and the loss rate in days, in hours:
1. If the money of ICO circle comes from the real instry or the rich, it will directly erode the entity's balance sheet and rece the investment of the whole society
2. If the money of ICO circle comes from leeks or poor people, it will directly destroy the balance sheet of residents and rece the consumption of the whole society
this kind of capital swallowing up the black hole will continue to drain the total demand of the society quietly, on a large scale, at a high speed and irreversibly, which is an unbearable burden for China's economy, which is struggling with transformation and faltering. If it is ignored, it is entirely possible to drag China, a large ship with many holes, into the dark abyss.
but if we don't arrest people, the whole country will be gone<
this is not alarmist, but based on several basic characteristics of the token:
1. 99% of the tokens are fund-raising scams. Because it doesn't create new wealth, it just plunders and transfers the existing wealth
2. The scale and speed of this transfer of stock wealth are far higher than those of "Pediatrics" such as P2P - the influx of money grabbing ICO. Several big "exchanges" in China are queuing up to list thousands of tokens, and the daily service charge of a big "exchange" can easily exceed 100 million - the so-called "one day in the coin circle, one year in the world"
3. The vast majority of the stock wealth that has been easily transferred (plundered) will never come back - few people in ICO really want to do business, either to be transferred out of the country or to be wasted
for any country, the accumulation of wealth and capital is difficult, and the above characteristics of token, for the country, is a huge capital gobbling up the black hole, and the loss rate in days, in hours:
1. If the money of ICO circle comes from the real instry or the rich, it will directly erode the entity's balance sheet and rece the investment of the whole society
2. If the money of ICO circle comes from leeks or poor people, it will directly destroy the balance sheet of residents and rece the consumption of the whole society
this kind of capital swallowing up the black hole will continue to drain the total demand of the society quietly, on a large scale, at a high speed and irreversibly, which is an unbearable burden for China's economy, which is struggling with transformation and faltering. If it is ignored, it is entirely possible to drag China, a large ship with many holes, into the dark abyss.
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