Position: Home page » Blockchain » Is blockchain mining a fraud

Is blockchain mining a fraud

Publish: 2021-04-16 04:08:56
1.

In 2009, bencong invented bitcoin, and set that there are only 21 million bitcoins. By participating in the proction of blocks and providing proof of work (POW), he can get the reward of bitcoin network. This process is mining

the concept of "mining" comes from the existing concepts in our real economic life, such as gold mining and silver mining. Because minerals are valuable, it drives people to pay labor to dig

another important point of bitcoin mining is that the miners who participate in mining recognize the value of bitcoin, and some of them are willing to spend money in the bitcoin market. Therefore, the mining of bitcoin is meaningful



extended data

currency characteristics of bitcoin

1, decentralized

bitcoin is the first distributed virtual currency, and the whole network is composed of users without central bank. Decentralization is the guarantee of bitcoin's security and freedom

2, bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

3, exclusive ownership

controlling bitcoin requires a private key, which can be stored in any storage medium in isolation. No one can get it except the user himself

4, low transaction cost

bitcoin can be remitted free of charge, but in the end, about 1 bitfen transaction fee will be charged for each transaction to ensure faster transaction execution

5, no hidden cost

as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay

6, cross platform mining

users can explore the computing power of different hardware on many platforms

2. Absolutely false, only the ll sound makes a lot of money, there is no publicity everywhere. At present, the propaganda is to ask you to accept the offer. You can see that bitcoin is the first currency in the blockchain. Currency is the right of a national bank, and bitcoin is too harmful. All countries and banks are resisting it. From the current trend, the disadvantages of blockchain currency outweigh the advantages, but blockchain technology is still promising, but not currency.
3. "Blockchain" is an important concept in the new era. In essence, it is a centralized database, and also an underlying technology such as digital currency. According to our popular explanation, "blockchain" can be regarded as an account book. Every bill is every block, but this account book is centralized, and it can be said that no enterprise or team has jurisdiction over it“ "Blockchain" technology is a unique information technology, such as centralization, information can not be changed in series. Now this technology has been applied to a series of applications such as electronic invoice, payment code and so on
in today's life, many people use this pretext to cheat, such as direct selling, capital, technology, etc. There is no right or wrong in technology, but in people
with the progress of the times and society, the beginning of the application of any technology will be questioned positively and negatively. However, with the relative application and maturity of technology and the improvement of technology, the various applications around people will continue to improve. I believe that in the near future, these doubts will graally dissipate
the following is a summary of some blockchain scams around us
trap 1: block chain is the coin trap
trap two: virtual currency transactions, promise low investment, high return
trap three: centralization can solve all problems
trap four: block chain extension procts can be laid down with a mining machine to earn money
trap five: WeChat, Alipay trading transactions virtual currency
4. For blockchain, mining is not necessary. There are many kinds of proof mechanisms, so mining is not necessary. Blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. The so-called consensus mechanism is a mathematical algorithm to establish trust and obtain interests between different nodes in the blockchain system. European crowdfunding is also a blockchain crowdfunding platform based on blockchain development. Every crowdfunding project will issue a digital currency as an asset certificate, but this digital currency does not necessarily need to be mined.
5. In a word: blockchain technology is the underlying technology of bitcoin, and bitcoin is the first application of blockchain technology. The reason why we can't talk about blockchain without bitcoin is that before bitcoin appeared, there was no "blockchain" at all. After bitcoin became popular, people noticed the technology behind bitcoin and summed up the concept of "blockchain". If you want to buy bitcoin, you can buy it on the okex platform in China, which is relatively reliable. Are you satisfied with my answer? If you are satisfied, please accept it
6. Such things, now the intensity of the crackdown is not enough, can only say so, does not mean that the country does not care, perhaps he has his consideration
7. That depends on whether you choose a formal platform, such as my choice of ankeli is a better platform, the deposit will be returned to you on time, and the income is also good.. You can ask me if you don't understand
Hot content
Inn digger Publish: 2021-05-29 20:04:36 Views: 341
Purchase of virtual currency in trust contract dispute Publish: 2021-05-29 20:04:33 Views: 942
Blockchain trust machine Publish: 2021-05-29 20:04:26 Views: 720
Brief introduction of ant mine Publish: 2021-05-29 20:04:25 Views: 848
Will digital currency open in November Publish: 2021-05-29 19:56:16 Views: 861
Global digital currency asset exchange Publish: 2021-05-29 19:54:29 Views: 603
Mining chip machine S11 Publish: 2021-05-29 19:54:26 Views: 945
Ethereum algorithm Sha3 Publish: 2021-05-29 19:52:40 Views: 643
Talking about blockchain is not reliable Publish: 2021-05-29 19:52:26 Views: 754
Mining machine node query Publish: 2021-05-29 19:36:37 Views: 750