The concept of Bitcoin was first put forward by Satoshi Nakamoto in 2009. According to Satoshi Nakamoto's idea, open source software and P2P network were designed and released. Bitcoin is a P2P digital currency. Point-to-point transmission means a decentralized payment system.
Unlike most currencies, Bitcoin is not unlimited. Bitcoin is not dependent on a specific currency issuer. It is generated by a large number of calculations according to a specific algorithm. Its cycle is controlled by a software algorithm. The total amount remains unchanged, 2100000.
Generation principle
From the essence of Bitcoin, the essence of Bitcoin is actually a special solution generated by a bunch of complex algorithms. Special solution refers to a set of infinite (in fact, bitcoin is limited) solutions that can be obtained through an equation group. And each special solution can solve the equation, which is unique. ? [ 10]? Take RMB as an example. Bitcoin is the serial number of RMB. If you know the serial number on a bill, you have this bill. The process of mining is to constantly seek the special solution of this equation group through huge calculation. This set of equations is designed to have only 2 1 million special solutions, so the upper limit of bitcoin is 2 1 million. ?
To exploit bitcoin, you can download a special bitcoin computing tool, then register various cooperation websites, fill in the registered user name and password in the computing program, and then click the operation to officially start. After completing the installation of the bitcoin client, you can directly obtain a bitcoin address. When others pay, you only need to post the address to others, and you can pay through the same client. After installing the Bitcoin client, it will assign a private key and a public key. You need to back up the wallet data containing the private key to ensure that your property will not be lost. If the hard disk is unfortunately completely formatted, personal bitcoin will be completely lost.
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Bitcoin generation principle