Some people say that Bitcoin is a virtual currency.
What is Bitcoin?
Some people say that Bitcoin is a virtual digital cryptocurrency, and its total amount remains unchanged, which is 2 1 10,000.
What exactly is Bitcoin?
Let me tell you a story.
In an ancient tribe, the village head will reward outstanding villagers with a special star. With the passage of time, the stars became the currency in circulation, and the villagers exchanged it for commodities. However, some villagers began to make their own stars, which broke this ecological balance, so the stars lost their credit value as currency.
The village chief changed a reward method-bookkeeping. Every villager has a ledger to register the change information of the number of stars, and each registration information needs to be recorded in the general ledger of the deputy village head. However, the villagers gradually discovered that people who have a good relationship with the deputy village head are suspicious of the number of stars. Therefore, bookkeeping is not convincing.
Finally, the village chief thought of another way. Take back the right of the deputy village head to keep the general ledger? ,? Instead of using all the villagers to keep accounts together? Each villager is required to write down the change information of each star. Then the whole village will check the transactions that happened that day at a fixed time every day? The villagers who are the first in calculation every day will get 1 star. ? Every transaction will be recognized only if it conforms to the accounting methods of the vast majority of people? It means that if you want to change the number of stars in your bill, you need to change the account book information of the vast majority of villagers simultaneously to match it before it can be recognized. This way, the stars in every villager's household registration book are safe. Besides, the village chief told everyone that the total number of stars is constant? Don't worry about inflation and depreciation, there are still many stars who haven't come out to reward everyone. It takes everyone's efforts to get it? .
In this story, the star in every villager's ledger is bitcoin. The whole village is a p2p network, and every villager is a node. The system composed of villagers and books is a blockchain. The general ledger of deputy village heads is centralized, and the general ledger of deputy village heads is decentralized. The villagers who calculate the results first will be rewarded, which is mining, and the tool used for calculation is the mining machine. The clever village head is called Satoshi Nakamoto.
The concept of Bitcoin was first put forward by Satoshi Nakamoto on June 5438+065438+ 10/day, 2008, and was officially born on June 5438+1 0/3, 2009. According to Satoshi Nakamoto's idea, open source software is designed and published, and a P2P network is built on this basis. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point-to-point transmission means a decentralized payment system.
Unlike all currencies, bitcoin is not issued by a specific monetary institution, but is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transaction behaviors, and uses cryptography design to ensure the security of all links in currency circulation. The decentralized nature of P2P and the algorithm itself can ensure that the currency can not be manipulated artificially and create a large number of bitcoins. The design based on cryptography can make bitcoin only transferred or paid by the real owner. This also ensures the anonymity of currency ownership and circulation transactions.
Bitcoin is a virtual currency, which was invented by Satoshi Nakamoto. A decentralized virtual currency has now become a financial means and its own industrial chain. Because of bitcoin, many people have seen the great benefits of virtual currency, so many types of virtual currency have emerged.
Why the value of Bitcoin is getting higher and higher is because of people's beliefs. It has great commercial value, financial value and many industrial combinations. In the future, Bitcoin will form its own ecological chain, so that it will always exist.
Why do I support Bitcoin so much?
First, after a period of contact, I found that Bitcoin is not as simple as I thought. Has formed its own ecology, including mining machines, currency and so on.
Second, many people have taken Bitcoin as their own belief, just like Maotai in our A-share market.
Third, some things in the world have been traded with it. What is it that you need to find out for yourself.
Whether bitcoin will develop healthily in the future, I personally think it will become more and more standardized, because only standardization can make interest groups such as exchanges survive.
The concept of Bitcoin was first put forward by Satoshi Nakamoto on June 5438+065438+ 10/day, 2008, and was officially born on June 5438+1 0/3, 2009. According to Satoshi Nakamoto's idea, open source software is designed and published, and a P2P network is built on this basis. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point-to-point transmission means a decentralized payment system.
Unlike all currencies, bitcoin is not issued by a specific monetary institution, but is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transaction behaviors, and uses cryptography design to ensure the security of all links in currency circulation. ? [2] The decentralized nature of P2P and the algorithm itself can ensure that the currency is not manipulated by people by creating a large number of bitcoins. The design based on cryptography can make bitcoin only transferred or paid by the real owner. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total amount is very limited and extremely scarce.
20 17, 12, 17, Bitcoin reached an all-time high of 19850 USD. ?
On May 8, 2020, the price of Bitcoin exceeded $65,438+00,000.
In 2009, when Bitcoin was born, the price was almost zero. On May 22nd, a certain year, 10000Btc bought two pizzas, and then Btc reached the peak of 130000 at 20 17! Bitcoin is getting more and more expensive. Isn't it just a set of algorithms and a string of numbers made by a programmer? Why is the value so high? I believe many friends have such questions, and I will answer them for you today.
First, we need to know what bitcoin is. The concept of Bitcoin was first put forward by Satoshi Nakamoto on June 1 65438+1October1day, 2008, and it was officially born on June 65438+1October 3, 2009. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point-to-point transmission means a decentralized payment system. The decentralized nature of P2P and the algorithm itself can ensure that the currency can not be manipulated artificially and create a large number of bitcoins. The design based on cryptography can make bitcoin only transferred or paid by the real owner. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total amount is very limited and extremely scarce.
I wrote an article about it, so I can have a look.
Digital currency is the mainstream in the market, but it is not really in circulation and can only be exchanged online, so it is all virtual currency. He fluctuates greatly. Generally, it is not recommended for investors to play bitcoin and pay attention to safety.
Bitkin was originally an online virtual currency, which can be used to buy real-life items. Its characteristics are decentralization and anonymity, and it can only be used in the digital world. It does not belong to any country or financial institution and can be exchanged anywhere in the world, so it is used as a money laundering tool by some lawless elements. In 20 13, the US government recognized the legal status of Bitcoin, which made the price of Bitcoin soar. In China, a bitcoin in October 20131kloc-0/9 is equivalent to 6989 RMB.
20 14 17 10, Taobao announced that it would ban the sale of Internet virtual currencies such as Bitcoin and Litecoin from14/0/0. Democratic Senator Joe Manchin of West Virginia (Joe? Manchin) 2065438+On February 26, 2004, he sent an open letter to several regulatory authorities of the US federal government, hoping that the relevant agencies could pay attention to the current situation that Bitcoin encourages illegal activities and disrupts the financial order, and demanded that action be taken as soon as possible to completely ban the electronic money. 20 17 65438+ 10/01), the Shanghai headquarters of the People's Bank of China and the Shanghai Financial Office conducted an on-site inspection of btc China, focusing on checking whether the enterprise carried out credit, payment, remittance and other related businesses without permission or license; The implementation of the anti-money laundering system; Financial security risks, etc. 20 17 65438+ 10/2. The business management department of the central bank has also settled in trading platforms such as "Huobi". Com "and" Coin Bank "in Beijing. Since August 1 2007, 2065438, the global bitcoin trading platform has suspended its recharge and withdrawal services. Btc China Digital Assets Trading Platform will stop registering new users from September 14, and stop all trading business on September 30.
On May 10, 2020, the unit price of Bitcoin instantly dropped by several thousand dollars from the price of 9,500 dollars in half an hour, with the lowest price falling below 8,200 dollars and the highest price difference exceeding 1400 dollars.
Bitcoin is a decentralized currency proposed by Satoshi Nakamoto, with a total amount of 2 1 10,000. The output is automatically halved every four years through bookkeeping and dug by professional miners. Nowadays, the competition for bitcoin mining is fierce, and it is difficult for small retail investors to dig bitcoin. The probability is too low. Now it is usually mined in mines or ponds (my little video has a special video explanation).
At present, the value of Bitcoin is 67,000, and the spot market is bullish.
Bitcoin can be said to be the originator of digital currency. Many countries define it as a virtual asset, just like gold, which is an investment commodity. Bitcoin is an asset, a virtual digital currency with constant total amount, completely transparent distribution mechanism and machine execution, which is not controlled by any country or institution.