Will bitcoin lose its bookkeeping function in the end
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
(1) suppose that one sheep can exchange for 10 chickens. There is one sheep and 10 chickens in a room, which issue 200 yuan currency, so sheep is worth 100 yuan and chicken is worth 10 yuan. If we issue another 200 yuan, the price will double, and the sheep value will be 200 yuan, which is the inflation of issuing excess currency
(2) in the above example, when 10 chickens are eaten, the room is still 200 yuan, and only one sheep is worth 200 yuan. This is inflation e to shortage of goods, and there is no issue of more money< (3) the collection of bitcoin itself loses its monetary function. Money is only an intermediary and develops from barter. So you are right, all collections will lose the function of currency
(4) if there are few things, the same currency is also inflation, so no matter what the currency is, virtual currency and limited currency will also be inflation.
