the concept of Bitcoin was first put forward by Satoshi Nakamoto on November 1st, 28, and was formally born on January 3rd, 29. According to Satoshi Nakamoto's ideas, the open source software is designed and released, and the P2P network is built on it. 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 a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature of P2P and the algorithm itself can ensure that the currency cannot be manipulated artificially by making a large number of bitcoins. The design based on cryptography can make bitcoin only be 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 quantity is very limited and it is extremely scarce. According to the notices and announcements issued by the People's Bank of China and other departments, virtual currency is not issued by the monetary authorities, has no monetary attributes such as legal compensation and compulsion, is not a real currency, has no legal status equivalent to currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law.

Tips: The above explanations are for reference only. Before investing, I suggest you know the risks of the project, and get a clear understanding of the investors, investment institutions, chain activity and other information of the project, instead of blindly investing or mistakenly entering the fund market.

investors should not substitute such information for their independent judgment or make decisions only based on such information, which does not constitute any investment operation.

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