How to divide bitcoin infinitely
in the bitcoin network, each node with a client installed has a distributed database to manage bitcoin proction, transaction, query account balance records, and update and record the latest records of changes in the bitcoin system
when you want to send 10 bitcoins to your friends. You need two things, one is the bitcoin address, the other is the corresponding private key. Bitcoin addresses are different from bank accounts. You don't need to sign a bunch of documents to apply for them. They are randomly generated, just a string of letters and numbers. The private key is also a similar string, but this is strictly confidential. The bitcoin address is like a transparent piggy bank. Everyone can see what's in it, but only the person with the private key can open it.
after you send the transaction application, the surrounding nodes will check whether your account has 10 bitcoins. If there are, they will agree to the transaction, and broadcast the message to the nearby nodes, which will be transmitted from one to ten, and from ten to 100, Soon the whole network will confirm the transaction information and write it to the block. Your friend will receive 10 bitcoins, and the transaction will be completed.
if you want to send small bitcoins, in theory, digital currency can be cut infinitely. At present, the smallest bitcoin unit is called "Nakamoto Tsung", which is equivalent to 0.00000001 bitcoins.
Novice first of all to know how to calculate your cost, recharge, trading, cash, there are fees. At least you can understand the K-line. There are a lot of people on the K-line. You can look at it casually and understand it. You need to be risk aware. Bitcoin is a high-risk and high profit investment. It may double overnight, or BMW may become a bicycle overnight. At the beginning, we suggest a small amount of investment
but it's hard to get bitcoin for indivial mining, so it's basically large-scale mining, and you need to cooperate with the mine pool. So if you still want to make money by mining, at present, the most suitable mining method is cloud mining or mining machine hosting. After all, the era of single person mining is over
however, mining is very slow. It's only half a month since I got the crystal qualification. I only have 20000 crystals. The proction capacity is very low. The fastest speed is 3000K and the cache is 40g. In the last three days, it's about three or four thousand a day. The speed is fast in the evening, and almost no speed in the daytime
my home's 20m optical fiber is very close to the base station. The download speed is 3.7m/s, and the upload speed is about 2.4m/s.
Speaking of the bitcoin market, it seems that it has fallen into a crazy state. We know that the rarity of things is the most expensive. Now there are only 21 million bitcoins in the world, and even one bitcoin has been fried to 150000. It's incredible. In the early days, bitcoin was also regarded as a fraud, and economists were critical of bitcoin. Some economists believe that we should regulate the market economy and use relevant monetary policies, which requires us to have enough flexible money to control the stability of the market. Another part of economists think that the total amount of money should be fixed, recing government intervention in the market, whether it is market expansion or contraction, is a sign of social progress
in fact, for bitcoin, the biggest technology content is blockchain technology, which is also a very important technology, but this importance has not been highlighted yet. In fact, blockchain technology is a set of technology that must be used in every country and instry to realize intelligent and efficient management. However, bitcoin also has some hidden dangers, that is, it challenges the function of the world's major central banks to issue currency. If bitcoin becomes the mainstream currency, it will directly challenge the mainstream currency. Of course, because of this, both the western world and China are opposed to bitcoin. After all, if bitcoin really overflows, it will have a certain impact on society, and even it will be used by criminals
