The number of BTCs is constant
One of the most special currencies is undoubtedly bitcoin. The biggest characteristic of bitcoin is that the quantity is limited! Moreover, bitcoin supporters believe that one of the advantages of bitcoin is that the number of bitcoins is fixed{ RRRRR}
although bitcoin is limited, there is no need to worry about the problem of insufficient use, because bitcoin, as an electronic currency, is too easy to be divided. For example, in our real life, 10 yuan banknotes can be changed into 10 pieces of 1 yuan banknotes, and 1 yuan banknotes can be changed into 10 pieces of 1 jiao banknotes. Limited by the real currency, it's hard for you to find 1 Fen banknotes now, let alone tear 1 Fen banknotes into 10 pieces. But bitcoin is different. In the current data structure of bitcoin, the smallest unit is 0.00000001 bitcoin, that is & lt; 1 Cong & quot;, On top of that, there are micro bits (0.000001 bitcoin). If necessary in the future, bitcoin can also consider smaller partition units. Money can be divided into small pieces, which means it's easier to circulate, so bitcoin is limited and no problem
09-13 years, 50 bitcoins every 10 minutes
13-17 years, 25 bitcoins every 10 minutes
17-21 years, 12.5 bitcoins every 10 minutes
...
after several years, 0.0000000 1 bitcoins every 10 minutes (reaching the minimum unit)
four years later, it can not be split, No more mining, no more bitcoin, no more bitcoin
The concept of 21 million
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 is not issued in unlimited quantity, which is different from most currencies. Bitcoin does not rely on a specific currency issuer. But according to the specific algorithm, through a large number of calculations. Its circulation is controlled by software algorithms. The total number is 21 million
extended materials:
generation principle
starting from the essence of bitcoin, the essence of bitcoin is actually the 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[ 10] 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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