Bitcoin money network

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

2. Virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law
response time: December 10, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

3.

Fire coin is a bitcoin trading platform. As of the end of 2016, the accumulated turnover of fire coin reached 200 billion yuan

bitcoin is a virtual encrypted digital currency in the form of P2P

Bitcoin is different from all currencies. Bitcoin does not rely on a specific currency institution. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a 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. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction

extended information:

fire coin business

1. Fire coin global station, headquartered in Singapore, provides digital asset trading and investment services

2. The digital asset trading platform based on Korean won provides digital asset trading services

3, China, has become a platform for information and research in vertical chain of block chain, providing regional chain technology research and application information for Chinese mainland users, and integrates services such as instry consultation, research and ecation training. p> The company is headquartered in Beijing, China, providing digital asset management services and user experience

4.

1. Litcoin (LTC) is an improved version of digital currency inspired by bitcoin (BTC). It was designed and implemented by a programmer who worked in Google. It was released on November 9, 2011. Lightcoin and bitcoin have the same implementation principle in technology, but the creation and transfer of lightcoin is based on an open source encryption protocol, which is not managed by any central organization

2. Sunshine coin (SSC for short) is sponsored by Liu Chunyang, vice president of Jinhua express delivery Association of Zhejiang Province, instrial entrepreneur and philanthropist of express delivery instry. As a legal person, Zhejiang Dongyang Yueyin Technology Co., Ltd. is registered with the formal instry and Commerce Bureau, with a registered capital of 10 million yuan. With this as the backing and support, the sunshine elite team affiliated to the company launched the first virtual coin sunshine coin

The English name of Vicat is onecoin, which is a kind of Internet virtual currency term created by the government and is suspected of pyramid selling fraud

in 2017, CCTV announced the list of 350 fund pyramid schemes, with Vicat in the list

in May 2018, Zhuzhou County Procuratorate of Hunan Province prosecuted the last four suspects involved in the third batch of the "3.15" Vicat money online pyramid scheme case supervised by the Ministry of public security to the court

4. Amazon coin

Amazon announced in early February 2013 that it is expected to launch Amazon coins in the United States in May 2013. Amazon coins is a new virtual currency that allows U.S. users to buy apps, games and props in the kindle fire. Amazon will provide tens of millions of US dollars of Amazon coins at that time to let users try and consume the apps, games and props in the app on the kindle fire for free

5. Eth is a kind of digital token of Ethereum, which is regarded as "bitcoin version 2.0". It adopts the blockchain technology "Ethereum", which is different from bitcoin. It is an open-source public blockchain platform with intelligent contract results, and a resonance network composed of thousands of computers around the world. Developers need to pay eth to support the application. Like other digital currencies, ether currency can be bought and sold on the trading platform

5.

Bitcoin is a kind of electronic currency / network virtual currency

bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats, equipment, etc. in online games. Internet users can also use bitcoin to buy real goods

on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees

extended data:

currency features:

1, decentralization: bitcoin is the first distributed virtual currency, the whole network is composed of users, and there is no central bank. Decentralization is the guarantee of bitcoin's security and freedom

2, global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

3, exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

4, low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution

5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay

6, cross platform Mining: users can explore the computing power of different hardware on many platforms

advantages of bitcoin:

1, it is completely decentralized, without issuing institutions, it is impossible to manipulate the number of issues. Its distribution and circulation are realized through open-source P2P algorithm

2, anonymity, tax exemption and supervision free

3, robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally. Bitcoin price may fluctuate and collapse, and many governments may declare it illegal, but bitcoin and its huge P2P network will not disappear

4, borderless and cross-border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties. But if you trade with bitcoin, enter the digital address directly, click the mouse and wait for the P2P network to confirm the transaction, a lot of money will pass. It does not go through any regulatory agencies and will not leave any cross-border transaction records

5, Shanzhai people are difficult to survive. Because bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, recompile, and create a new P2P currency

but these counterfeit currencies are very fragile and vulnerable to 51% attacks. Any indivial or organization, as long as it controls 51% of the computing power of a P2P currency network, can manipulate transactions and currency value at will, which will be a devastating blow to P2P currency

many counterfeit coins die in this link. The bitcoin network is robust enough. If you want to control 51% of the computing power of the bitcoin network, the number of CPUs / GPUs required will be astronomical

the weakness of bitcoin

1, the fragility of trading platform. 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

2, the transaction confirmation time is long. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. While bitcoin transaction, in order to confirm the accuracy of data, it will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed

3, the price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading

4, the public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control

but the public doesn't understand, and many people can't even distinguish between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless

6. Different stocks are going up because of their good performance, that is to say, the strength of the company is improving and becoming more and more valuable. Virtual currency is going up because it is as rare as stamps. One hundred sets of this one is not available, so it's expensive. But the question is, does anyone accept the offer? In case there are many virtual currencies coming out tomorrow, XX currency, XXX currency, that is, the number of bitcoins is certain It's not like gold. There's so much gold. But virtual currency is virtual code. It says that writing can write gold. Can you make it more? So virtual currency is not the mainstream, but the most auxiliary thing. The value is not too high. Don't think that people are good when they buy. People follow too much. In the past, Auntie was crazy when she bought gold. Now why is she rational Money ah, stocks, migrant workers have bought stocks, and now how not to buy or lose money, real estate is also the same, and so many years after the collapse will be rational

7. Just the day before yesterday, the central bank openly recruited digital currency talents and increased research in the field of digital currency and blockchain, which fully shows that China has recognized digital currency and blockchain, and also implies that digital currency and blockchain will affect the future finance
internationally, Japan has unconditionally supported bitcoin, the European Central Bank has said that it will not regulate bitcoin, bitcoin continues to prevail in the United States, and South Korea has incorporated bitcoin into its bulk commodities. Bitcoin is everywhere, and its popularity is so high that how can the price not rise
of course, bitcoin has not been smooth sailing this year, and it can even be said that it is "ill fated". What's wrong? Let's look below:
on January 5, 2017, bitcoin broke through the historical high of three years ago, broke through the 8000 yuan mark, and once soared to 8873 yuan
then, on January 6, the people's Bank of China and its Shanghai headquarters interviewed three bitcoin exchanges in Beijing and Shanghai, namely, fire coin.com, bitcoin.com and bitcoin China. They were asked to carry out self-examination on recent anomalies and carry out corresponding rectification
as a result, bitcoin prices plummeted to 4944 yuan a few days later
on April 1, 2017, Japan recognized the legitimacy of bitcoin and other virtual currency payment means, and the "Payment Service Amendment Act" officially signed by the Japanese cabinet came into effect. In addition, e to the uncertainty of trump policy, the US Securities and asset markets are volatile, and demand for risky assets is increasing.
from May 22 to May 24, 2017, the third consensus conference was held in New York. Miners and investors were full of expectations to reach a consensus on bitcoin expansion, and bitcoin prices ushered in a big explosion. The price of bitcoin broke through 20000 yuan on June 10, and reached a new high of 21388 yuan on June 11
at this time, the news about China's regulatory policy on bitcoin came out in June and intensified. The bearish sentiment of the market rose and the price of bitcoin kept falling. As of July 16, the price of bitcoin had dropped to about 13000 yuan
later, influenced by the good news of bitcoin bifurcation on August 1, 2017, bitcoin price rebounded again in late July and reached new highs repeatedly. On August 17, bitcoin price broke through the 30000 yuan mark, and then remained stable at a high level
on September 4, seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, and bitcoin prices plummeted to 21000 yuan, a daily drop of 27%
with the closure of China's virtual currency platform, the price of bitcoin continued to bottom out. On September 16, the price of bitcoin fell below 20000 yuan, with the lowest price of 16250 yuan
at this time, everyone thinks that bitcoin is over. But just two weeks later, on September 30, the FSA issued operating licenses to 11 bitcoin exchanges. This event triggered the upsurge of investment enthusiasm around the world, and the market was full of emotion, which promoted the continuous rise of currency price
facts have proved once again that bitcoin is like an invincible Xiaoqiang, facing heavy pressure, and its price rises instead of falling.

8. I think the risk is very high. Many Internet companies and financial giants, including Ma Yun, do not touch bitcoin. I remember that Ma Yun and Li Ka Shing once specifically stated that they would not invest in bitcoin.

9. ​ South Korea's bithub is the exchange with the largest trading volume of virtual currency, with a daily maximum trading volume of more than 15 billion yuan. As of the end of November, the cumulative trading volume has reached 360 billion yuan, and the number of members is also more than 1.5 million. But the website also set up Chinese, Chinese users of Chinese telephone inquiry service, so for us, the transaction is effortless.