What is virtual currency digging for

1. At present, bitcoin is the only reliable virtual currency. Bitcoin is a kind of virtual currency generated by the corresponding algorithm, which needs to use a large number of mining machines, that is, servers for mining. At present, only the virtual currency issued by the central bank is legal in our country, and the others are illegal
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2. Using digital encryption method to ensure that the digital currency can not be forged, mining is actually an action to package the transaction data to be confirmed. Of course, these explanations are not comprehensive enough. More comprehensive information can be found by diving in Babbitt.

3.

Bitcoin is the first distributed virtual currency

to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start. After completing the installation of bitcoin client, you can directly obtain a bitcoin address. When others pay, you only need to paste the address to others, and you can pay through the same client

after installing the bitcoin client, it will assign a private key and a public key. You need to back up the wallet data containing your private key to ensure that your property is not lost. Unfortunately, if the hard disk is completely formatted, personal bitcoin will be completely lost

extended information:

as a virtual commodity, bitcoin itself has no national boundaries, and its operation mode is a "decentralized" monetary system, which is very convenient for one-time large transaction. Bitcoin is traded through the network, and the owner's identity is only in the form of a set of encrypted computer code

in the operation, input a digital address directly, click the mouse a few times, and wait for the confirmation of the transaction to complete the transaction. The network can only record which address a bitcoin was g up from and how it was transferred

however, the identity of the owners of these addresses can not be verified, which is just like when money goes to an ownerless bank account, the relevant transactions can easily be invisible from the perspective of government supervision, and it is difficult to be tracked or intercepted. In addition, bitcoin can evade the scrutiny of exchange control institutions required by normal cross-border remittance, and the transaction records will not be recorded by banks and other parties

naturally, the problem of reporting to relevant departments after the transaction exceeds a certain amount is avoided. Buy bitcoin with domestic currency, sell it on foreign trading platforms, and withdraw it in US dollars. Asset transfer can be completed in a few minutes

it is not difficult to open an overseas bank account related to bitcoin for foreign exchange, and the conversion is very convenient. Because of these characteristics, bitcoin has been chosen by criminal organizations

4. Different virtual coins have different digging methods
coins with pow algorithm like bitcoin need professional miner to dig, that is to say, you need to buy miner first
as long as you hold the coin in your wallet as required, you can get extra token rewards
some dpos currencies, such as EOS, only super nodes can get rewards, but ordinary users can get rewards through pledge.

5.

Bitcoin BTC 2009 Satoshi Nakamoto is bitcoin / org ~ $24.3 billion is SHA-256; LTC 2011 coblee is litecoin / org ~ $3.6 billion is script infinite; IFC 2012 ifccion is ifccoin / ORG~$ $20 million is a script quark, qrk 2012, qrkcion is cgbcion / org - $10 million is a script zeta, ZET 2012 zetcony is ZET / org - $10 million is a script proof of work / POS

6. &# 10; Bitcoin is a kind of electronic currency, which is proced by P2P software. It does not rely on the issuance of specific monetary institutions, but through a large number of calculations of this software. The number of bitcoin is limited (the biggest difference from other virtual currencies). Now the number seems to be limited to 21 million. Bitcoin can be used to buy virtual procts in online games or real procts as long as the other party accepts them.