Bitcoin P2P

1. 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 a specific currency institution to issue. 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 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.

2.

Bitcoin is just a game. If it is promoted as a tool to get rich, it can be regarded as a fraud. Just like the currency in other online games, the only difference is that bitcoin has been standardized since the game was first formulated. It can't be issued indiscriminately, so it can keep its value better than other virtual game props. It is equivalent to the online collection. Bitcoin is a prop in the game, and its value is reflected in the recognition of bitcoin by players: more people play, the value of props in the game is higher; The risk is that he is not the only game, and his algorithm is not the only one. Maybe someone will be able to make other special coins soon. All you need to do is promote the game and sell your props. As for money, bitcoin does not have the basic attributes of money, such as unfair initial distribution and insecure circulation. Money needs to be maintained by the state machine

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the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software and the P2P network on it were designed and released. 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 to issue. 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 money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction

1. Bitcoin (bitcoin) is a kind of network virtual currency, 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, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals

2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

3. On May 12, 2017, a global outbreak of bitcoin virus madly attacked public and commercial systems! Nearly 74 countries in the world have been seriously attacked

4. From August 1, 2017, global bitcoin trading platform will suspend recharge and withdrawal services. Bitcoin China digital asset trading platform will stop new user registration on September 14, and all trading businesses will be stopped on September 30

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network bitcoin

3.

The earliest is a kind of network virtual currency. 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, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar

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bitcoin is e-cash similar to e-mail. Both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address

starting from the essence of bitcoin, the essence of bitcoin is actually a 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

many websites for technology players have begun to accept bitcoin transactions. Websites such as mtgox and btcchina, as well as some Taobao stores, can even accept services such as bitcoin exchange for us dollars and euro. There is no doubt that bitcoin has become a real currency in circulation, rather than a virtual currency like Tencent Q coin

4. Bitcoin P2P technology is a virtual encrypted digital currency. That's right. It's more essential. The term blockchain came into being after the birth of bitcoin, because bitcoin opened the door to the blockchain field. The popularity of bitcoin has attracted more and more people's attention to blockchain technology. Before the birth of blockchain, many veteran people used to call it P2P, which is probably the case. Many of the world's leading exchanges, such as okex, have developed some functions based on blockchain technology. You can learn more about okex platform.

5. Bitcoin (English: bitcoin, abbreviated as BTC or XBT) is a kind of cryptocurrency based on decentralization, adopting point-to-point network and consensus initiative, open source, and blockchain as the underlying technology. Bitcoin was published by Satoshi Nakamoto on October 31, 2008, and Genesis block was born on January 3, 2009. In some countries, central banks and government agencies, bitcoin is regarded as a virtual commodity rather than a currency

anyone can participate in bitcoin activities, which can be issued through computer computing called mining. The number of bitcoin protocols is capped at 21 million to avoid inflation. Bitcoin is used as a digital signature through the private key, which allows indivials to pay directly to others. It is the same as cash, and does not need to go through third-party institutions such as banks, clearing centers, securities dealers, electronic payment platforms, so as to avoid high fees, cumbersome processes and regulatory problems. Any user can use it as long as he has a digital device that can connect to the Internet

however, e to the limited transaction volume that bitcoin blockchain can accept in a certain period of time, it can accept up to 2500 transactions every 10 minutes, and the transaction handling fee will fluctuate with the transaction volume of bitcoin. In June 2017, the transaction handling fee of less than 1 millibit has been far greater than the transaction amount; In December 2017, steam announced that it would stop accepting bitcoin because of "high transaction costs and high volatility". In February 2018, the average transaction handling charge dropped from $34 in the fourth quarter of 2017 to about $1. This problem is being solved by technologies such as lightning network to expand the transaction volume of bitcoin within a certain period of time
P2P can refer to:
peer-to-peer, a network technology and network topology

file sharing, often using point-to-point technology
point-to-point protocol, which is used for dial-up computing, is usually abbreviated as PPP
Peer-to-Peer Lending, also known as P2P lending, is also known as Internet lending and P2P financing in Chinese mainland.
pay to play
a method for preparing methamphetamine from methylamine.

6. Hello, commercial real estate, whether it is leased or sold directly by developers, has a certain degree of opacity, especially in the transaction process. The use of blockchain technology can improve the investigation cost and search process of both sides.

7. Bitcoin is a kind of digital currency, which can be used to cash the currency of most countries. It can be used to buy virtual goods or real goods

8.

P2P network (peer-to-peer, referred to as P2P), also known as peer-to-peer network, also known as peer-to-peer network. This is a kind of Internet system without central server and completely exchange information by client

the central network system with a central server can be described in the following figure:

and the P2P network can be understood in the second figure. The P2P network can be understood in the second picture

different from the central network with central server, each client in P2P network is a client node and has the function of server. An important goal of P2P network is to enable all clients to provide resources, including bandwidth, storage space and computing power. The capacity of such a network can be much larger than that of a network with a central server. In the network of central server structure, every time you add a client, it means that the data transmission speed of all users will be reced, but P2P network will not

The robustness of

P2P network is much better than that of the central server network. Because as long as there is a problem with the central server, the whole network will collapse. However, if any client of P2P network has problems, the whole network still works normally

9. This should be the strategy that bitcoin should adopt to tighten the policy of the central bank, because the central bank has not banned bitcoin trading, so in theory, P2P trading mode is feasible. P2P is the English abbreviation of peer-to-peer mode, that is, direct buyers to sellers, without middlemen. Bitcoin is still convertible in the international market, so I think it has a good market.

10. The difference is that the risk is small and the return is small, while the risk is large and the return is large.