Blockchain is a distributed account. In short, it is a decentralized account book that can be viewed and joined by many people. For example, each block is equivalent to each knot on the rope. Every new transaction entering the blockchain is equivalent to an event. To commemorate the event, a symbolic knot will be made and detailed information will be recorded on the specific knot.

Bitcoin uses blockchain to realize value storage and trading. In addition, the technical difficulty of blockchain itself is not the biggest, but there are three types of blockchain in its application scenarios and regulatory issues: public blockchain, private blockchain and joint blockchain; Another classification is no authority and no authority.

Therefore, cryptocurrency uses blockchain technology, but blockchain technology is not completely cryptocurrency.

When the financial crisis comes, blockchain technology can prevent counterfeiting, trace the source and simplify transactions in the financial industry. Some investors choose to invest in cryptocurrency to avoid the corresponding asset risks and benefit from the blockchain mechanism to solve the trust problem. This technology has been applied to financial management and transactions. Mainly manifested in the blockchain can track various types of transactions, and can also play the role of anti-counterfeiting and traceability in various scenarios. Copyright, trademarks, academic fraud and other issues have been exposed.

In addition, blockchain technology can simplify transactions, make the whole transaction process open and transparent, track the links of each transaction event, and ensure that both parties have a certain degree of trust.

The concept of bitcoin is different from that of blockchain.

In the process of "mining", the open source blockchain network can guarantee trust and cannot be tampered with. When the networked computer gives the correct answer through an accurate algorithm, the "absentee" will be rewarded for mining and can use servers all over the world, but the whole process is still very energy-consuming.

Currency Chart B Currency: Fully interpret blockchain and bitcoin, and teach you to understand the relationship between them. Bitcoin is the open source code of blockchain technology, that is to say, the network developed for everyone is very popular because of its decentralized advantage. However, as a public blockchain, Bitcoin consumes a lot of computing power due to mining, which leads to serious power consumption in many countries.

Therefore, for a new technology, it is best not to blindly trust or invest, but to realize its real purpose, so as to look at everything objectively and be prepared.

# Bitcoin [Chaohua] # # digital currency # # Ou Yi OKEx#