Bitcoin accounting mode
in the bitcoin network, the miners of the whole network participate in the competition of computing power. The miners with high computing power (also known as mining speed, that is, the ability of the computer to generate hash collisions per second) have stronger computing power and are easier to obtain the right to keep accounts. The miners who successfully seize the right to keep accounts are responsible for keeping accounts and synchronizing the account information to the whole network, In return, the miners will receive a new bitcoin reward generated by the system
for example, there is a gold mountain in front of us. The total amount of gold is 1000 tons, but there are a lot of sand and stones in it. When you are alone, it is easy for you to dig gold, but when more and more people are mining, the remaining gold will be less and less, and the mining cost will be higher. So at this time, we compare the mining speed, that is, the calculation power
as the price of bitcoin on the "currency exchange" rises, more and more people compete for the bookkeeping rights of bitcoin in order to obtain bitcoin, and the difficulty of computing power in the whole network increases exponentially.
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.
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, 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
unlike most 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.
Zhejiang Xinyun blockchain Technology Co., Ltd. is a limited liability company (invested or controlled by natural person) registered in Ouhai District, Wenzhou City, Zhejiang Province on April 2, 2018. Its registered address is located in room B309, 46-54 Dongfang Road, Ouhai Economic Development Zone, Wenzhou City, Zhejiang Province (trial area of cloud sharing creative space)
the unified social credit code / registration number of Zhejiang Xinyun blockchain Technology Co., Ltd. is 91330304ma2cnkpx00, and the enterprise legal person is Xiao Kang. At present, the enterprise is in business
Zhejiang Xinyun blockchain Technology Co., Ltd., within the province, the current registered capital of the enterprise is general
view more information and information of Zhejiang Xinyun blockchain Technology Co., Ltd. through network enterprise credit
bookkeeping is done by miners
generally speaking, the correct result of Distributed Accounting is decided by the vote of "miners"
if you have a 51% pool, you can theoretically void any transaction (roll back). This is called a 51% attack
now bitcoin miners are distributed all over the world. The world's largest mine pool is in China, and the person in charge of bitcoin has promised that its total power will not exceed 50% (now about 30%), so there is no possibility of 51% attack for the time being
but it can't be said to conquer
