Withdrawal cycle of bitcoin

1. In less than 48 hours, a block will be proced in 10 minutes on the bitcoin chain, and the transaction will be packaged and verified. System 48 hours means that the exchange will process your application within 48 hours.

2. It is only a few years since the emergence of the concept of bitcoin, which has not only become a hot "gold mine" on the Internet, but also accepted and used by more and more entities. On the 29th, the world's first bitcoin ATM opened in Vancouver. It was deposited or withdrawn in the form of Canadian dollars, which immediately became popular among bitcoin fans. Analysis shows that this is not only a big business opportunity for bitcoin, but also a big step forward in the development of this "private currency"

experience

the world's first bitcoin ATM was set up in Vancouver Cafe

"the world's first" bitcoin ATM was opened in Vancouver, Canada, on the 29th, to exchange Canadian dollars and bitcoin, quickly ushering in people queuing for business. The ATM is made by American machine money and is located in a cafe called trendy in Vancouver. One of the ATM owners is Mitchell Demeter, who has been trading bitcoin for several years. This year, he partnered with two other high school classmates to set up a bitcoin trading company. Demeter said it was the world's first bitcoin ATM. Demeter and his colleagues think that bitcoin ATM is a business opportunity, because before "there was no bitcoin ATM, we all trade on the website"

ring the operation, the bitcoin user enters a password similar to the bank pin code to log in to the network bitcoin account. Through the ATM, the user can withdraw the Canadian dollar cash corresponding to the ratio from the bitcoin account, or deposit the cash into the bitcoin account. Bitcoin users only need a smart phone to use bitcoin, which is similar to online shopping

easy access

15 instries in Vancouver accept bitcoin

businessman David loy used his mobile phone to transfer 0.0101 bitcoin to "trendy" cafe and bought a cup of black coffee worth 2 Canadian dollars. Roy believes that Vancouver has a large number of online businesses, creating conditions for setting up the first bitcoin ATM. Mike young, a business student at Simon Fraser University in Canada, also came to the bitcoin ATM on the 29th. He and others founded a bitcoin club on campus, believing that bitcoin "is the trend because they can provide maximum value and efficiency"

a man with an alias of Nakamoto created bitcoin in 2008. Since then, the virtual currency has graally become popular on the Internet. About 15 instries in Vancouver have accepted bitcoin, including coffee shops and landscape design companies. Bitcoin can rece the cost of capital transfer in countries with weak banking systems, a senior investment executive at Fort investment group commented this month, the Financial Times reported

3.

On October 10, bitcoin China, one of the three major bitcoin exchanges in China, announced on its official wechat account that it would stop the cash withdrawal business at 12:00 noon on October 30, Beijing time, and ask users to reflect it as soon as possible

bitcoin China has previously turned off the digital assets and RMB recharge function at 12:00 noon on September 27, and turned off all trading functions at 12:00 noon on September 30. The other two big bitcoin exchanges in China, Huo coin.com and okcoin.com, which are headquartered in Beijing, will stop trading all digital assets into RMB before October 31, and the work of clearing their funds and assets is also in progress

4. The withdrawal of bitcoin / lightcoin is automatically processed by the 24-hour system and automatically remitted in 15 minutes. According to the design principle of bitcoin / lightcoin network, if it is confirmed, it will go to the user's withdrawal address. Generally, it will take about 10 minutes, sometimes it may take 1-2 hours, which is decided by bitcoin / lightcoin network.

5. The specific location of the company is not clear, and whether it has issued virtual currency is not clear, but it is certain that star currency is not issued by the company. The founder of the star coin is Jed McCaleb, the founder of the electric stove. He left the lab and created the star coin. The principle of star coin is the same as that of reborn coin
star is an open source agreement for value exchange, founded by Jed McCaleb and Joyce Kim in early 2014. At the beginning of the launch, star was based on ripple protocol, but after the system failure caused by ripple protocol was found, a new version of the protocol using the new consensus algorithm will be released in early 2015
in the coin circle, the only ones that can stand the social test are bitcoin, Wright coin, reborn coin, Ruitai coin, doggy coin, etc.

6. Virtual currency is virtual, but its real value and future appreciation lie in whether it can circulate, whether it can land and whether it can be accepted by the people. Just like currency, currency is issued by the state, but it is not circulated. It is like a pile of paper and worthless. Now in the Chinese market, a lot of enterprise currency, virtual currency, But they can't compete with the shared currency. The development goal of digitcoin shared currency is to become the largest virtual currency in the world. At present, China has just started to issue shared currency in nine countries at the same time. A feast of shared currency and shared digital currency is coming.

7. The smaller the difficulty coefficient is, the more difficult it is. The difficulty coefficient refers to the probability of scoring the result of solving the problem.

8. The content of blocks in jinwowo analysis blockchain technology is as follows:
block head: record the characteristic value of the current block
block body: actual data