Bitcoin is similar to e-cash for e-mail. Both parties need a "bitcoin wallet" similar to email and a "bitcoin address" similar to email. Just like sending and receiving e-mail, the sender pays bitcoin directly to the other party through a computer or smart phone according to the address of the recipient.

Bitcoin consumption pattern

Many websites for technology players have begun to accept bitcoin transactions. For example, websites such as Huobi, Qian 'an and OKEx, as well as some stores in Taobao, can even accept services such as exchanging bitcoin for dollars and euros. There is no doubt that Bitcoin has become a real currency in circulation, not a virtual currency like Tencent Q coins.