How to understand bitcoin and other virtual currencies
Many exchanges can buy and sell bitcoin, such as fire coin, coin security and so on
this is for my reference only
unlike most 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 a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. 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. 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 21 million
bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items[ 1-2]
on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant institutions would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and take action as soon as possible to completely ban the electronic currency[ 3]
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees.
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the sudden rise and fall on this day may indicate what happened in the primary market. You can pay attention to the news, and the makers like to operate through the news, which depends on your investment level< br />
Virtual currency, like bitcoin, is emerging again. What do you think of the emergence of virtual currency? For the emergence of virtual currency, I have three views:
- the emergence of virtual currency is a trend of market development. In fact, many times, the emergence of some goods is e to the market, and also inseparable from the development of the market
- the emergence of virtual currency brings business opportunities. In any case, the emergence of virtual currency can make people invest, and many people can make profits from it
- the emergence of virtual currency brings more competition, and the emergence of virtual currency will make more people compete, and also make the competition more intense < / OL >
in fact, there is a growing trend in the development of virtual currency, and more and more people want to invest in virtual currency. Many people have a certain investment from virtual currency, and they get a certain return, but the emergence of virtual currency also brings some risks
First, the emergence of virtual currency is really e to the development of the marketin fact, I think it is because of the rapid development of the market economy that virtual currency has the opportunity to appear. Because if the virtual currency can appear based on the development of the market, it will make more people pay more attention to the virtual currency, and also enable more people to invest in the virtual currency{ RRRRR}
the emergence of virtual currency is a double-edged sword, good and bad