When Bitcoin first appeared in 2009, the price was less than 1 cent, and 1 dollar could be exchanged for10.3 million bitcoins, which means that 7 yuan RMB could be exchanged for10.3 million bitcoins. 2065438+On May 5, 2007, Bitfinex, an overseas trading platform in digital currency, quoted a price, and the bitcoin once hit $65438 +0700, or about 1 1737 RMB.

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.

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 monetary system once did not exceed1050,000 for four years, and the total will be permanently limited to 21050,000.

Bitcoin can be cashed and converted into the currencies of most countries. Users can use bitcoin to buy some virtual items, and as long as someone accepts it, they can also use bitcoin to buy real-life items.