Development and mining of blockchain Technology

1.

In 2009, bencong invented bitcoin, and set that there are only 21 million bitcoins. By participating in the proction of blocks and providing proof of work (POW), he can get the reward of bitcoin network. This process is mining

the concept of "mining" comes from the existing concepts in our real economic life, such as gold mining and silver mining. Because minerals are valuable, it drives people to pay labor to dig

another important point of bitcoin mining is that the miners who participate in mining recognize the value of bitcoin, and some of them are willing to spend money in the bitcoin market. Therefore, the mining of bitcoin is meaningful

extended data

currency characteristics of bitcoin

1, decentralized

bitcoin is the first distributed virtual currency, and the whole network is composed of users without central bank. Decentralization is the guarantee of bitcoin's security and freedom

2, 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

controlling bitcoin requires a private key, 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 in the end, about 1 bitfen transaction fee 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

2. Bitcoin system ensures that bitcoin will not be g out too quickly by adjusting the difficulty coefficient. Every 10 minutes, the whole network is absent from work to jointly calculate a difficult problem, compete for bookkeeping rights and bitcoin rewards. If the computing power of the whole network continues to grow, bitcoin will be g out soon. In order to ensure that bitcoin can be g out in about 10 minutes, Nakamoto designs the difficulty of mining for bitcoin, Every 2016 blocks (about 2 weeks) are dynamically adjusted, so that the difficulty after adjustment makes the expected time for each block to be generated 10 minutes. Now the difficulty coefficient is about 480ph / S (Note: September 2017), which is about 68 billion times that of Genesis block. In other words, with the current computing power, the miners in the whole network need to go through about 300 trillion hash operations to find a qualified answer, Generate a new block<

compared with point-to-point trading, mining and other purchases on the trading platform are the most popular ways to obtain bitcoin assets, that is, floor trading. The floor trading of bitcoin is similar to stock trading. The platform helps you to match, and you don't need to know who your trading partner is. Your trading partner may be one person or many people, Whether it's buying or selling, the trading platform will record the hanging order price of everyone. The buyer and the seller can obtain the latest transaction price through the real-time order. At the same time, the trading platform will summarize the historical transaction price and volume into a K-line chart, which is convenient for investors to analyze the market trend. For example, the UTOR market is the mainstream trading platform in the world

at present, bitcoin is the mainstream currency, and people's understanding of bitcoin is also higher and higher. Bitcoin has doubled in just three months, which shows that its value has risen from RMB 25000 at the beginning of the year to RMB 80000 at present. As long as you buy it at a low price and sell it at a high price, you can get income. It is very important to find a reliable trading platform. Utomarket has a technical team with many years of experience in blockchain development, a professional wallet security team, an unusual device IP login verification monitoring, a common IP address monitoring for wallet withdrawal, and a large amount of manual audit to ensure the security of account and wallet funds. Moreover, at present, there is no service charge for the transaction, and the price of bitcoin is more suitable than that of similar platforms, so bitcoin is the best choice for the transaction of virtual currency.

3. For blockchain, mining is not necessary. There are many kinds of proof mechanisms, so mining is not necessary
blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. The so-called consensus mechanism is a mathematical algorithm to establish trust and obtain interests between different nodes in the blockchain system
European crowdfunding is also a blockchain crowdfunding platform based on blockchain development. Every crowdfunding project will issue a digital currency as an asset certificate, but this digital currency does not necessarily need to be mined.

4. I don't know what the recent mining system is? But I can teach you how to distinguish the application of blockchain technology

blockchain technology has several characteristics, such as decentralization, distributed storage, traceability and non tampering

the building owner can judge from the above characteristics. Decentralization means that everyone can view the data of the application of blockchain technology, but it can not be tampered with, and it will not lose data e to a single node, so we can see the source of each application. Some fans of Nanning blockchain development also have some understanding of these applications< br />

5. It's the place to buy money. For example, if you want to buy bitcoin investment, the exchange is a store, and you buy it

6. Bitcoin does not have any equivalent support. The only reason for its price fluctuation is that more and more people accept it, so the price will rise steadily. Its total amount is directly proportional to the people who accept it and the price. Once the climate is formed, it is likely to affect the fundamental interests of the central bank, so the state firmly opposes it. However, only when there is a market can there be demand. Bitcoin is now in such a situation that even if the state introces policies, it can not restrain the development and growth of bitcoin overseas. LZ can go to qualified trading platforms such as bitbao for details.