1. In the future, the value of
virtual currency only depends on the number of people with money, whether there are entities under it, and whether it plays a role in promoting social finance, which determines its success or failure; Any currency is issued by the head office, which is a process system. The circulation is the quantity issued by the decision-making level of the headquarters according to the market research, which is based on the accurate market research
2. The total number of bitcoins is 21 million
in 2009, when bitcoin was born, block reward was 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25
when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million
extended data
monetary characteristics
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
2. Global circulation: 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 needed 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 a transaction fee of about 1 bitfen 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
3. The circulation and mining situation of virtual currency need to be recorded on the
blockchain, and the information is tamperable and permanent. But the premise is that the operator should make the source code public, otherwise users can't see it. Therefore, a normal
digital currency, open source code is necessary. The source code of bitcoin, lightcoin and decent was open at the beginning
there may not be such MLM currencies as Vicat and Baichuan.
4. Circulation is too large, there is not much room for value-added. 1. It doesn't rely on specific currency institutions to issue money. It generates money through a large number of calculations based on specific algorithms. It uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. It uses the design of cryptography to ensure the security of all links of money circulation. The unified management of issuing money is proportional to the purchase and investment, with a total circulation of 3 million, No bubbles will form. In the future, the online mall will be launched, which will change from virtual to entity, with prominent value and unlimited appreciation space; 2. Users have an independent electronic system, can buy any goods in the BOS mall; 3. Investment income is stable, three out of three into, control mechanism is reasonable, never collapse; 4. No borders, cross-border. Cross border remittance will go through layers of exchange control agencies, and the transaction records will be recorded by many parties. But if you trade in ton currency, enter the digital address directly, click the mouse and wait for the P2P network to confirm the transaction, a lot of money will pass. It does not go through any regulatory agencies and will not leave any cross-border transaction records. 5. Avoid fraulent transactions: all transactions of ton currency are concted and supervised by ton currency company. Every transaction will be regulated and protected to ensure the fairness, openness and impartiality of customers and businesses. So businesses can avoid the harm of fraulent refund; The company acts as a third-party guarantee payment, business users settlement fast, safe! 6. The demand of online transaction with credit card has been replaced by RMB. You won't have to stick to sensitive customer information or worry about personal information leakage. As a new type of virtual electronic currency, it plays a role in the security of personal information and the security of trading goods. 7. Complete transparency: every transaction is well documented and highly transparent. Verify all payments and balances with a single click; Fundamentally improve the multi-party payment settlement complex, transfer to account time limitation shortcomings, let our online shopping more convenient.
5. Virtual currency is valuable because of its liquidity and not easy to query
a bitcoin system written by a pile of codes, from worthless to 100000 yuan, what is bitcoin? Why is it so valuable? Once you understand the nature of bitcoin, you won't just focus on currency price fluctuations. It can be said that the invention of bitcoin has given people unlimited imagination. Of course, the value of bitcoin is also determined by its demand. So who needs bitcoin in the first place? When we talk about how to reach a consensus on a broader level, let's first look at the essence of value. Why is gold valuable and what is its essence
in my opinion, a group of virtual currencies led by bitcoin will exist for a long time and will not replace the current legal tender. It will exist independent of fiat money and will not belong to any country. Some virtual currencies are recognized by some people first, and then graally form a wider circulation because of their value. More people reach this consensus, and finally they have the value of existence. Of course, most virtual currencies have no value and are aviation currencies. If a currency wants to exist for a long time, it must go through a long period of ups and downs, and constantly dig out its greater use value, in order to become a virtual currency with real value
6. Hello, don't be fooled by MLM
the current international pyramid schemes are all engaged in this. Bitcoin is not pyramid schemes, but the people's Bank of China has already defined bitcoin. Other pyramid schemes like virtual money are mostly about what they can sell even if they can make a fortune.
7. For example, is there really a God in the world? Obviously not, but people still spend human, material and financial resources to Xinyang and worship, and come to the conclusion that there is still value in the existence and exchange of the false theory. Of course, this is different from bitcoin. In the process of bitcoin's generation, a person who seems to be a little famous suddenly put forward a theory, sales of storage currency. At the beginning, this kind of currency was only spread and entertained among a few people (assuming that there were 10000 people in the first year). Of course, these people only held the attitude of entertainment at the beginning, just like playing online games. The next year, suddenly a team or a number of (speculative group), suddenly feel this organic, began to buy at a low price, and grasp the market. When the time is ripe, the whole world will know about this kind of currency by means of media and economic people. The number of participants will increase from less than 50000 to one million, and tens of billions of capital will flow in. I remember the most popular time was at the end of November, when the price of a bitcoin was 7900, but there were many reports at that time that it could rise to 400000, At this time, the speculative teams felt that it was impossible to go up again and began to sell a lot of bitcoin. As a result, the price of bitcoin fell by about 4000 in less than a month. These teams made a lot of gold and silver. However, because there are still one million people involved, the price will stop at around 3000 for quite a while, But in the process of people quitting, bitcoin will be worthless Personal views (for reference only)
8. This is called initial cloud coin, or ripple credit. The total amount is fixed at 10 billion
ripple is an open source peer-to-peer payment network, which enables people to easily, cheaply and safely transfer money to anyone on the Internet
this is a virtual currency based on this network
