Miner failure
Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
extended data:
bitcoin is the first distributed virtual currency. The whole network is composed of users and there is no 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
bitcoin requires a private key to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself. Bitcoin can be remitted free of charge, but in the end, a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster execution of the transaction
As a means of payment from a to B, bitcoin has no cumbersome quota and proceres. If you know the other party's bitcoin address, you can pay. Users can explore the computing power of different hardware on many platformsIn short, after the previous investment is e, if you do not withdraw cash, then repeat investment is reinvestment
Otherwise, it will not only miss the opportunity and cause repeated investment in the future, but also bring difficulties to the future underground space development and irreversible waste of urban underground space resources e to the low-level development Low level repeated investment construction, "large and comprehensive, small and comprehensive" has become a persistent disease in China's economic development In addition, in order to avoid repeated voting, the thumbs of all voters who have voted are smeared with purple dye, which will take several days to fade On reinvestment: 1. Reinvestment of dingtoubao interest refers to reinvestment of the interest generated in dingtoubao
2. The standard definition of fixed investment is a kind of fund investment mode in which the investor applies through the designated fund sales agency, and pre specifies the dection date, dection amount, dection method and the name of the fund invested, and the sales agency automatically completes the dection and subscription in the bank account designated by the investor on the agreed dection date
3. Interest, in its form, is the reward that the money owner gets from the borrower for issuing money; On the other hand, it is the price that borrowers have to pay when they use monetary funds. In essence, interest is a part of profit and a special form of profit transformation< br />