What is blockchain computing power

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

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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. It seems that domestic users can only understand the transaction price of digital currency on that day through platforms like easybtc. Because a lot of news about digital currency on the Internet lags behind, it is often that the news is released in a hurry when it reaches a certain peak today. In order to get real-time information, we can only use the platform

3. Computing power is a measure of the total computing power of generating new fast units under certain network consumption. If the computing power of the blockchain is insufficient, it is suggested to take a look at the tenth power computing power platform, which provides computing power leasing services.

4. Lava blockchain is based on lava Firestone, a consensus mechanism based on proof of capacity (POC). Lava blockchain condenses strong consensus value from global storage space and becomes a trust infrastructure for distributed social cooperation. But lava does not stop here: benefiting from the increasingly mature cross chain communication technology and the growing scale of content addressable distributed storage network, lava can realize the feedback of trust value to decentralized storage applications that can realize social value.