Now currency is inferior to digital currency
In recent years, the rise of financial technology drives the digital and intelligent development of finance, and the form of money is also evolving. Recently, the news of digital currency has attracted people's attention, and there is still a lot of gap with the current online payment
bitcoin is an electronic money system with a fixed total amount, which is established on the global decentralized network system and issued without the participation of central banks and third-party institutions. Bitcoin has the characteristics of payment system and currency at the same time. Global network nodes are maintaining the bitcoin network all day<
English: bitcoin currency symbol: abbreviation: BTC or XBT
Introction to bitcoin by wiki
different from traditional currency, bitcoin's operation mechanism does not rely on the support or credit guarantee of central bank, government and enterprise, but on the network agreement reached with seed files in the network, which is a decentralized and self-improvement monetary system, Theoretically, it ensures that no one, institution or government can control the total amount of bitcoin or create inflation. Its total amount of money graally increased at the designed rate, and the increase rate graally slowed down, and finally reached the limit of 21 million in 2140<
Introction to bitcoin in network
bitcoin is based on a set of cipher codes and generated by complex algorithms. This rule is not interfered by any indivial or organization and is decentralized; Anyone can download and run the bitcoin client to participate in the proction of bitcoin; Bitcoin uses electronic signature to realize circulation, and checks repeated consumption through P2P distributed network. The generation and consumption of each bitcoin will be recorded through the P2P distributed network and informed to the whole network. There is no possibility of forgery. Bitcoin does not rely on specific currency institutions to issue, it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction<
Introction to bitcoin in interactive network
bitcoin is an electronic currency proced by open source P2P software. Bitcoin does not rely on specific currency institutions to issue, it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction<
the difference between bitcoin and bitcoin
it should be noted that
in English, the words bitcoin and bitcoin represent two concepts of payment network and monetary unit
bitcoin starting with capital B represents bitcoin network system or bitcoin network protocol, which is a payment system based on decentralized network
you can simply understand bitcoin as a public accounting system built on the Internet and not manipulated by any third party. Bitcoin, which starts with lowercase B, refers to the digital currency (e-money, e-cash, cryptocurrency) built on bitcoin network. Bitcoin is the payment accounting unit built in bitcoin payment system. We call bitcoin the network system that proces bitcoin<
in Chinese, bitcoin and bitcoin are both called bitcoin without distinction in many places
its main features are as follows:
1. Decentralization
bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom< 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
private key is required to control bitcoin, 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, a small 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. Bitcoin is not completely anonymous
for more information about bitcoin, please visit my website
learning bitcoin studybtc
it will take some time to protect privacy when using bitcoin. All bitcoin transactions are publicly and permanently stored in the network, which means that anyone can view the balance and transaction records in any bitcoin address. Unless the bitcoin holder discloses personal information ring the transaction, the bitcoin address will not be associated with the real identity of the bitcoin holder. This is why it is recommended that bitcoin holders use multiple bitcoin addresses; In fact, you should create a new address each time to receive bitcoin. This is especially important when using bitcoin in public places, such as on websites. In addition, you can also consider using tools like tor to hide your IP address from being recorded. Learning bitcoin
7. Bitcoin is still experimental
bitcoin is an experimental new currency in active development. Although its experimentality is diminishing with its increasing usage, remember that bitcoin is a new invention, exploring ideas that have never been tried before, so no one can predict the future of bitcoin.
however, the digital currency planned by the central bank is also different from bitcoin, Leyte, decent and other digital cryptocurrencies, but it will be used for reference.
the central bank has never issued digital currency, and now it is just studying it
Do you mean there is no essential difference between digital currency and the existing monetary system? I don't know where to draw this conclusion. At present, the general digital currency mainly includes bitcoin, Ethereum, reborn, Leyte and other virtual currencies. These virtual currencies are very different from the existing monetary system! For example:
-
issuers: the issuers of existing legal tender are national government agencies, generally the central bank. Bitcoin and other digital currencies are issued according to the program encryption algorithm. If we want to say that the issuing subject, even one person can issue them. There is no credibility or coercion
-
credibility. The existing monetary system, that is, legal tender, has the endorsement of national credit, which has more credibility. Bitcoin and other digital currencies rely on algorithms, which are often issued by a community or even indivials, with weak credibility
-
mandatory. The existing monetary system, namely legal tender, is issued by the state and circulates in a country or region according to law. Digital currencies, such as bitcoin, do not have the power to enforce the law
-
volatility. In the current monetary system, there are exchange rate fluctuations in various legal currencies, but they are basically in a relatively stable state. As for bitcoin and other digital currencies, you can look at the market of digital currencies on investing. It can be seen that the price difference of bitcoin even one day is more than 10%, which is obviously unstable
even if it's live broadcasting, it's no problem. Live broadcasting is mainly about processor and memory. You can satisfy it, but you need to ensure the network speed