Bitcoin fire
About bitcoin, the news is flying all over the world these two days
specifically, a foundation called BTN foundation announced that it has set up a bitcoin bifurcated development team to launch a new bitcoin bifurcated BTN. Now its official website is online, which is called btn.kim. Two days later, bitgo, another bitcoin development team, announced that it would fork out from bitcoin. Its name is BTF, which literally means "bitcoin faith"
according to Yao yuan, a well-known bitcoin columnist, bitcoin will "have 10 children" in December, and will at least bifurcate out of 10 "children" such as BCX, SBTC and LBTC
as soon as these things happened, the bitcoin market began to fluctuate again, some investors blew up, and all kinds of rumors came out: why so many forks? Is bitcoin out of order
in fact, the bifurcating of bitcoin is far more complicated than what it shows. If we don't explain its historical background clearly, we really can't understand what happened
< b > the origin of bifurcations: the origin of the bifurcations of bitcoin has existed. The so-called bifurcations refer to the accounting differences caused by different underlying protocols. According to Xue Hongyan, director of the Internet financial center of Suning Financial Research Institute, bitcoin is jointly maintained by a number of point-to-point decentralized nodes. The orderly operation of the whole system depends on the consensus of all nodes, that is, there is a set of recognized standards for key issues such as which transactions are acceptable and which nodes have accounting rights. This set of standards is deployed in the underlying protocol of blockchain and implemented automatically
but nodes are operated by people after all, which is the so-called "miner", but everything operated by people will be different. For example, the miners of some nodes go online every day, while the miners of some nodes go online occasionally; Some nodes are in the eastern hemisphere, some nodes are in the Western Hemisphere... In a word, e to various reasons, over time, bitcoin has different underlying protocols in different nodes
if different versions of underlying protocols are running in a node, different standards will appear, which will result in bifurcation. If the nodes can deal with these version differences and finally form a unified standard, the bifurcation will eventually disappear, which is called soft bifurcation. If the difference cannot be eliminated, when some nodes continue to run different versions of the protocol, the bifurcation will continue, which is called hard bifurcation
it's easy to solve the problem of soft bifurcation, that is, if the account book is wrong, just modify it. Hard bifurcations are not easy to solve. No one thinks he is wrong and explains them according to his own standards. In the end, he can only go his own way and keep his own account. At present, bitcoin bifurcation refers to hard bifurcation
< b > the first bifurcations: the first hard bifurcations of bitcoin technology upgrade are purely technical reasons. The settlement performance of bitcoin itself is limited. According to the original technical agreement, bitcoin can only support up to seven settlements per second. This was not a problem in the early days. With the fire of bitcoin, more and more people flocked in, and the settlement became more frequent than ever. At this time, the original technology was not enough
therefore, in the middle of 2017, some miners proposed new technology agreements, but the other miners did not agree with them. Eventually, both sides held one end and ran their own underlying agreements, which was the first bifurcation in the history of bitcoin
However, with the development of bitcoin trading means, speculators graally regard the bifurcation as a means of money collection, which leads to a great change in the nature of the current bifurcationthe principle is that each bifurcation is essentially equivalent to the issue of a new digital currency, which is linked to bitcoin. The target audience is larger than the general ICO, and it is easier to be accepted by ordinary users than issuing a new digital currency directly
because the team that creates this kind of bifurcation takes the lead, it is very easy to control the transaction of the new currency, especially in the early stage, and it only needs a small cost to control the price trend of the whole currency. This leaves a lot of room for speculation. The forked team only needs to make the new currency accepted by the users, and then it can artificially raise the price to a sky high price. After the real users come in, they can sell all the money they hoard, and get high profits out of thin air
on October 25 this year, a domestic team forked out bitcoin gold (BTG). Two days before the forking, Jiang Zhuoer, CEO of leibitchi, denounced the forking as money looping: "Liao Xiang, founder of BTG, had g 200000 BTG coins in advance before the forking, and wanted to convert them into 20000 bitcoins, looping 80 million yuan."
The advantage of bifurcations can be seen, so that the word "bifurcations create value" has become popular in the field of currency speculation. For this reason, a new word "IFO" - first token issue has been derivedHe Sheng, a well-known financial blogger, once told the media that most of the so-called IFO may evolve into the operation of collecting money by harvesting leeks. "Many previous ICOS are doing IFO, and ICO needs to write a white paper and go to the stock exchange to gain market recognition, while IFO does not even need to write a white paper."
this also explains why bitcoin is becoming more and more profitable. To put it bluntly, everyone wants Nakamoto
Can< b > not bifurcate
whether it's Hong shuning of Suning finance, or Mike & Chen, CEO of bitgo, a bitcoin wallet software provider and one of the project leaders of segwit2x; Mike belshe, the instry actually refuses this bifurcation of bitcoin. In fact, real blockchain practitioners have always hated speculation. At present, the leading enterprises in the domestic blockchain instry have clearly expressed their opposition to the overflow of bitcoin bifurcation. For example, when Xunlei launched the first popular blockchain project in China, its CEO Chen Lei said in an interview: "Xunlei opposes all speculative activities using blockchain, so it is definitely against bitcoin for the purpose of speculation and leek cutting arbitrage."
However, to solve this problem, it is not enough to have an attitude alone, but to have specific means. The best way is not to let bitcoin bifurcatethis is difficult to achieve. Bitcoin's own technology is a relatively primitive blockchain technology with limited computing power. It can barely cope with the previous transaction scale. In view of the current situation of bitcoin fire, it is difficult to support. So sooner or later bitcoin will have to solve the problem of its own computing power
but there is no hope at all. With the innovation of blockchain technology, there will always be some new ways. For example, the shared computing proposed by Xunlei can effectively improve the total amount of computing power and rece the cost per unit of computing power without changing the existing hardware facilities. If bitcoin is combined with shared computing, it can effectively solve the problem of bitcoin's computing power limit without new bifurcation
secondly, the bifurcations for the purpose of cutting Chinese chives can be supervised by means of supervision. For example, compared with the real name system of special currency wallet, the real name system of transactions can effectively prevent the risk of Financial Bureau. At present, the real name system has been implemented in some blockchain projects, and has achieved good results. For example, Xunlei's blockchain is the first blockchain application to introce the real name system in China, which basically eliminates the hidden danger of malicious speculation
in a word, there is a way. It depends on whether bitcoin players accept it or not, and there is a process to implement it. It takes time. Therefore, at this stage, it is better for us to stay away from the bifurcations of bitcoin in various names
I think it is certain to give up
17 years to participate in a dinner, drink half of the wine. People in the group let me share what bitcoin is. Then a big man said: & lt; It's Nakamoto that invented bitcoin, right? How many bitcoins does he have? The first bitcoin system can only run on its own computer, so it is paid for the previous block, which is estimated to be about one million
big brother also said that this is too little, a total of 21 million. As the founder and chairman of the board, Sun Tzu should have at least 67% of the shares and absolute control, or worse, 51%. Moreover, he will separate every transaction in the future
I don't think the boss is going to stop. Pull the boss to say drink. Who knows, Nakamoto is an idiot. Mom, I think I just told another interesting story. Yes, the maximum amount of a bitcoin is more than 100000. If you think of bitcoin as a company, its market value is more than 2 trillion, ranking among the top ten in the world. If Nakamoto had given himself more marks, he would now be the first rich man in the world. Both Bezos and Bill Gates have to call dad{ RRRRR}
Yes, human beings are selfish. The world is the jungle. There are common genes in human DNA. That makes us feel the same emotions. It's one of the guarantees that we humans can help each other and live to the present
the highest price is 1 million bitcoin, worth 20 billion US dollars. Since the birth of bitcoin in 2009, there has been no bitcoin in Nakamoto's wallet address
every time I think about this, considering the struggle against humanity and ugliness, I think life is worth it. If we calm down, we can win
Since 2020, bitcoin has changed its previous stability and its value has soared. Although there has been a slump ring this period, it has not prevented bitcoin from reaching a new peak
the more investors, the larger the scale of purchasing bitcoin. Data show that in 2020, a total of 347000 bitcoins will be bought in addition to emerging investment institutions such as gray scale, Wantong mutual, an old American insurance company, and PayPal, a financial technology giant, are also powerful giants in the bitcoin market therefore, today's bitcoin market is a "game" platform for financial giants, and ordinary retail investors should be cautious in their investment
blockchain is a technology implementation of distributed storage based on cryptography, and its significance is to ensure the security and reliability of information circulation process, but blockchain is not absolutely perfect, it depends on many factors
the benefits of blockchain. It has to be said that as a supplement to the social credit system, blockchain has natural advantages
1. Smart contract, which is the foundation of blockchain platform. With the help of smart contracts, rules can be applied safely when dealing with transactions. They can be used to automatically perform verification steps to encode conditions previously contained in signed physical contracts
2. Distributed storage, distributed storage system, is to store data in multiple independent devices. Traditional network storage system uses centralized storage server to store all data. Storage server becomes the bottleneck of system performance and the focus of reliability and security, which can not meet the needs of large-scale storage applications
3. The pursuit of capital and the pursuit of profit by capital are just like Satan's hell fire burning all the evil sources. The greed of capital will surely threaten all the hype concepts and reap the green of leeks. Good capital injection can also bring back the rapid development of the instry
"blockchain is the most popular fintech (Financial Technology). This innovative technology from bitcoin is subverting the financial instry and our lives. In 2015, blockchain became the highest financing sector in US venture capital, breaking through US $1 billion. This kind of hot financing scene only appears in foreign countries“ Few people in China really understand blockchain technology, "said a senior practitioner. This is the reality. In China, most of the companies that are known as blockchain technology are unwilling to give up the dividend of bitcoin and still stay in the primary stage of currency speculation; The transformation of the financial sector, more in essence, is just speculation concept stocks; There are few people who sincerely do technology. "
"blockchain is the underlying technology of bitcoin, which solves the process of bitcoin from 0 to 1. At this stage, blockchain has become a high-frequency word in the big and small science and technology summit, and its popularity is no less than that of "o2o" in the previous two years. When people are discussing blockchain, they are more concerned about how to use blockchain, and they have no doubt about the application value of blockchain. " Blockchain is a decentralized trust mechanism. In the past, blockchain was mainly used in bitcoin. Until the last half year, blockchain has graally started to have some other applications, especially in the financial field
blockchain is a technical solution to maintain a reliable database collectively through centralization and distrust. Generally speaking, blockchain technology refers to a way for the whole people to participate in bookkeeping. There is a database behind all the systems. You can think of the database as a big ledger. So it's very important who keeps this account book. At present, whose system will keep accounts, wechat's account book is Tencent's account book, and Taobao's account book is Ali's account book. But now in the blockchain system, everyone in the system can have the opportunity to participate in bookkeeping. If there is any data change in a certain period of time, everyone in the system can conct bookkeeping. The system will judge the person who has the fastest and best bookkeeping in this period, write the content of his records into the account book, and send the content of the account book to all other people in the system for backup. In this way, everyone in the system has a complete account book. This way, we call it blockchain technology
bitcoin is one of the most successful applications of blockchain technology. Specifically, the blockchain is a series of data blocks generated by the use of cryptography Association, and each data block contains the information of effective confirmation of multiple bitcoin network transactions. The structure of blockchain storage data is a chain composed of "storage blocks" on the network. Each block contains all the information exchange data in the network within a certain period of time. Blockchain is the underlying technology of bitcoin, but its role is not limited to bitcoin. Through cluster or cloud mode operation, the nodes can expand horizontally, and continuously improve the overall network performance based on benign competition
bitcoin has no legal compensation and compulsion, and its circulation range is limited and unstable. Bitcoin also has strong substitutability, so it is difficult to be a general equivalent. No matter how skillful the blockchain technology is, it is impossible to proce a national currency, and the mass investors should not follow suit.
Everybody, this topic is very good. First of all, it refers to the topics that ordinary people like to see and hear and often discuss. It is a hot topic in society. It is more grounded and resonates with everyone. Secondly, this problem has the nature of science popularization. As we all know, as a writer, his ties are mainly in three aspects: first, to expound the facts, clarify the fallacies, lead the public opinion, and play the role of speaking for the public and shouting for justice; Second, writers should promote correct value orientation and positive energy. Thirdly, and most importantly, writers should realize that they have the responsibility of preaching and dispelling doubts. It is our ty to do a good job in popular science for the people
In the past few years, he has more and more bitcoin. If the price of bitcoin starts to rise, Li Xiaolai will be a rich man. Sure enough, seven years later, the price of bitcoin rose tens of millions of times, which also made Li Xiaolai very happy. A bitcoin has great value, which also surprised the people who prevented him from buying it. Li Xiaolai, who has 100000 bitcoins, is a rich man. After a while, Li Xiaolai became the richest man of bitcoin in China. Later, Li Xiaolai set up a bitcoin fund to invest in the Internet. In addition, Li Xiaolai also attached great importance to the development of philanthropy. During the Lushan earthquake, he helped people rebuild the disaster area. Although Li Xiaolai has been rich, he still doesn't give up learning and improving himself. This is what a successful person should look likeIt can be said that the price rise of bitcoin was very hot before the big fire in bitcoin market. From the end of last year, that is, the end of December, the price of bitcoin was less than $20000. In just four months, the price broke through $60000, and the increase rate was three times, 300%{ RRRRR}
as for the reason of the fire, we really have no way to make an effective conjecture. We can only say that before, the epidemic caused the global central bank to release water, that is to say, almost all countries are releasing water, and a large number of money printing led to inflation. In order to effectively combat inflation, we need to find new and effective investment ways, simply put money in the bank, We can't beat inflation any more, so if we focus on this new type of currency, coupled with the capital drive behind it, driven by tens of billions of capital, its price will naturally rise rapidly
This kind of currency is not suddenly on fire, and for this kind of thing, many capitalists have made corresponding investment, and for the most well-known Elon Musk, he also has a special preference for dog money{ RRRRR}
so for most people, they choose this kind of digital currency at this time in order to avoid all kinds of negative effects brought by the loose monetary and fiscal policies of most countries last year. This is also an important reason for the rise of this kind of currency this year, and for this kind of currency, The essence of bitcoin is the same as that of bitcoin, which is well known to us. However, for the current bitcoin, its price is very high and its price is very high. Therefore, for most ordinary investors, they don't have much assets to invest in bitcoin, so they will turn to other digital currencies, For digital currencies such as doggy money, it is just issued, so it has more room for appreciation, which is also an important reason why most people favor it