Orbit digital currency

1. bitcoin is an electronic currency proced by open source P2P software. Digital currency is a kind of network virtual currency. Bitcoin is also paraphrased as "bitcoin.". Generally speaking, 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 run the bitcoin client and 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 characteristics and algorithms of P2P can ensure that bitcoin can not be artificially manipulated by mass proction. The design based on cryptography can only make bitcoin be transferred or paid by real owners. This ensures the continuity of currency ownership and circulation. Directory 1 Introction 1.1 features 1.2 initial birth 1.3 acquisition method 1.4 wallet usage 1.5 mining method 1.6 purchase method 1.7 exchange mode 1.8 price ratio 2 trading, 3 trading of money, 3 trading platform, consumption mode, legalization, advantages and disadvantages, advantages and disadvantages, development history, illegal use, currency collapse, bubble crisis and future change.