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Brief introduction of bitcoin

Publish: 2021-04-25 08:45:27
1.


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bitcoin (BTC) is a digital currency with a total amount of 21 million. It has the characteristics of decentralization, globalization and anonymity, just like the Internet. It means that transferring bitcoin to the other end of the earth is as simple as sending e-mail, low-cost and unlimited. Bitcoin is also used in cross-border trade, payment, remittance and other fields

the liquidity and limitation of bitcoin determine that bitcoin can act as a monetary function equivalent to general equivalent, or as a measure of money, but this measure is not a physical measure like gold, but a digital proct

related concepts:

1. Address

the address of bitcoin world looks like this. The address itself is just a string of codes, just like your bank account number 321 million 3288372, which is used to mark an account. Everyone can have countless addresses. The address is public

2. The bank records how much money there is in the bank account
the amount of money in the bitcoin address is recorded by the whole bitcoin network. Each complete bitcoin data will record how many bitcoins are stored in this address
each node participating in the bitcoin network can save a complete of bitcoin data, and everyone has a backup on hand to prevent counterfeiting

3. The key (private key)

the key is another string of characters you only know. The key is used to operate the money in the bitcoin address. Key and address are the relationship between a key and a lock. Each address has only one password, and each password also operates a bitcoin address

with the key, you can control the money in the bitcoin address and pay to anyone. The key should be absolutely safe. The lost or deleted key can never be found, and the money in the corresponding bitcoin address can never be used

the key needs to be kept absolutely secret. Anyone who knows the key can steal all your bitcoin

4. Wallet

the transaction process of bitcoin will involve a lot of complex calculations. In order to simplify the operation, we have made wallets. The wallet has client software on the computer, and also has an online web version. The function of the wallet is to pay with a little touch, and the complicated calculation behind it is left to the wallet to complete

5. Security

if you use the computer client software, you can recommend multibit or bitcoin QT. Both are official software recommendations for the bitcoin community. The installation of these two softwares must be downloaded directly from the official website, and the check code must be checked before and after downloading. This is to prevent someone from tampering with wallet software and stealing keys

6. mining

about every 10 minutes, some new bitcoin will appear in the bitcoin network, which can be imagined as throwing money in the sky. Whose pocket these scattered money fall into mainly depends on whose computer calculates fast. The faster you calculate, the more likely you are to find the money. Mining is to use the computer to calculate, to pick up the money< br />

2. It is based on a set of coding system and generated by complex calculation. Anyone can "make" bitcoin through relevant software, then use electronic signature to realize circulation, and finally check the situation of repeated consumption through P2P network&# 160;&# 160;
the biggest difference between bitcoin and traditional currency is that there is no central issuing institution for bitcoin - people only need to run bitcoin software to participate in the proction of bitcoin, which is called "mining". Bitcoin is the first decentralized monetary system in human history, which is not based on the trust in the central issuers.
3.

Bitcoin is the first distributed virtual currency

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 assign a private key and a public key. You need to back up the 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

extended information:

as a virtual commodity, bitcoin itself has no national boundaries, and its operation mode is a "decentralized" monetary system, which is very convenient for one-time large transaction. Bitcoin is traded through the network, and the owner's identity is only in the form of a set of encrypted computer code

in the operation, input a digital address directly, click the mouse a few times, and wait for the confirmation of the transaction to complete the transaction. The network can only record which address a bitcoin was g up from and how it was transferred

however, the identity of the owners of these addresses can not be verified, which is just like when money goes to an ownerless bank account, the relevant transactions can easily be invisible from the perspective of government supervision, and it is difficult to be tracked or intercepted. In addition, bitcoin can evade the scrutiny of exchange control institutions required by normal cross-border remittance, and the transaction records will not be recorded by banks and other parties

naturally, the problem of reporting to relevant departments after the transaction exceeds a certain amount is avoided. Buy bitcoin with domestic currency, sell it on foreign trading platforms, and withdraw it in US dollars. Asset transfer can be completed in a few minutes

it is not difficult to open an overseas bank account related to bitcoin for foreign exchange, and the conversion is very convenient. Because of these characteristics, bitcoin has been chosen by criminal organizations

4. 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. 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. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million.
5. The premise of foreign exchange is real foreign exchange. Foreign exchange is used to hedge against international currency and push your money to the international market. Digital currency is private disk, gambling
6. Shanxi Province is located on the Loess Plateau, with vast territory and rich procts. The most famous procts are Fenjiu and Zhuyeqing. It is not inferior to remove the old vinegar. It is well-known, unique and famous at home and abroad. In addition, Wutai Mountain "Tai mushroom", Datong Huanghua, Hengshan Huangqi, Jishan banzao, Pinglu lily, Puzhou Qingshi, Yuanqu kiwifruit, QingChu grape, dangshen, Jincheng Hongguo, Daixian pepper, "Qinzhouhuang" millet, Jinci rice, Taigu traditional Chinese medicine "Guilingji", dingkundan, Chang dafengwan, Houma Nanbao, Hongdong turtle, Yuncheng Huanghe carp Gaoping silk, Pingyang Wood New Year pictures, Datong art porcelain, bronze, Pingyao push light lacquer are among the famous procts. Important cities include Taiyuan, the provincial capital, Datong, a famous historical city and coal city, Linfen, the central city in southern Shanxi, Chang, an emerging instrial city in southeastern Shanxi, etc. There are more than 70% of the ancient buildings before Liao and Jin Dynasties in our province. The famous sites include Jinci temple in Taiyuan, Yungang Grottoes in Datong, Shuanglin temple in Pingyao, Xuankong Temple in Hunyuan, yaomiao temple in Linfen, Hukou waterfall in the Yellow River, as well as the hometown of poets Bai Juyi, Liu Zongyuan in Tang Dynasty, Sima Guang in Song Dynasty and Luo Guanzhong in Yuan Dynasty. Shanxi is about 1000 meters higher than the North China Plain, which is the eastern edge of the Loess Plateau. There are famous Fenhe Valley, Datong, Taiyuan, Yuncheng, Shangdang basins, Hengshan, Taihang, Luliang, Zhongtiao mountains, Wutai Mountain, Niangziguan, Yanmen pass and so on. Shanxi pasta, such as sliced noodles, ramen, pomian, rolling noodles, Tijian, Maoer, Heliao and so on, all have Shanxi characteristics and attract Chinese and foreign tourists.
7. You should want to know about bitcoin
but this is not a clear sentence. So now many people don't understand it and say it's pyramid selling or something

to put it in a word, it is a set of virtual world account books, which are used all over the world.
8. Bitcoin = virtual network gold coin (similar to Q coin)
getting method: Mining (actually, it's a way to decipher digital games, which requires special equipment, about 600000 US dollars)
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