Principles of blockchain virtual currency

Publish: 2021-04-19 08:16:15

1. bitcoin is a digital currency based on a specific algorithm. < blockquote >

bitcoin is equivalent to digital gold. As a generally recognized equivalent, gold naturally has monetary properties and has been regarded as a kind of currency since ancient times. Bitcoin was born in 2009 and created by a person named Nakamoto. As the earliest digital currency, it was worthless at the beginning of creation. Until 2017, the highest transaction price of bitcoin exceeded 30000 RMB. The reasons why bitcoin became a valuable digital currency are as follows:

first of all, it is like gold, as a natural mineral, The total amount of bitcoin is limited. Bitcoin can not be over issued according to its own algorithm, so there will be no rapid devaluation of currency e to excessive currency issuance. The number of bitcoin is controlled to no more than 21 million e to the algorithm, so it can not be issued in large quantities, so its value is guaranteed

The price of a bitcoin soared from more than $20000 to $40000. This can not help but arouse my research interest, or simply understand what bitcoin is, what its mechanism looks like, and uncover its mystery. Therefore, after a simple search of some information and some understanding of the special currency, I sorted out the information on hand< (3) purpose: decentralize, rece risk

(3) only the central server can store and process data in the central network; Large amount of data storage; The central manager has great authority

all servers in the distributed network can store and process data, and each server has equal status, which can store more data and has higher security<
this is the general content of popular science. If you want to know more about it, you can take a look at Nakamoto's paper and the official popular science video below

3. Decentralized, open and transparent payment and collection technology. If you don't understand, I'll take you to make one. Completely free blockchain digital currency.

Before you go abroad, you need to exchange RMB for foreign currency. There is also a quota. With the blockchain, you can take a U-disk to go out and exchange it for local currency. The quota is unimaginable

5. Virtual currency is a kind of blockchain technology. Some countries are legal, such as Japan, Russia, South Korea, etc. 66otc is currently the most fluent, reliable and best used OTC platform

6. Blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. Blockchain is an important concept of bitcoin. It is essentially a decentralized database. There are more and more applications of blockchain, but the main application is bitcoin. After all, it can make money by investment. If you are interested, you might as well open an account number at the okex bitcoin exchange.

7. 0.001 bitcoin, and how much RMB, is multiplied by the current price, for example, 17881, 1m bitcoin is equal to 17.881

8. Smart contracts need to be deployed on the chain. Technically, you can find a company that specializes in unicorn.

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Principles of blockchain virtual currency

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