区块链比特币结论是什么,区块链比特币结论分析
区块链比特币结论是：比特币是一种基于区块链技术的加密数字货币，它可以实现跨境支付，不受中央银行的监管，具有自由、安全、透明等特点，是未来金融技术的发展方向。围绕这个结论，本文将拓展三个关键词：区块链、比特币、金融科技。
区块链是一种分布式数据库，它记录了每一笔交易的历史，每一笔交易都是由一个区块来存储。它是一种去中心化的数据结构，每个节点都可以查看到数据库的完整信息，每个节点都有自己的副本，这样可以有效防止数据被篡改。区块链技术不仅可以用于比特币，还可以用于智能合约、资产管理等领域。
比特币是一种基于区块链技术的加密数字货币，它可以实现跨境支付，不受中央银行的监管，具有自由、安全、透明等特点。比特币有两大特点：一是去中心化，不受任何机构控制；二是挖矿机制，可以防止比特币的滥用。比特币也是一种投资工具，它的价格会根据市场需求和供给的变化而变化，投资者可以根据比特币的价格走势来进行投资。
金融科技是指采用科学技术，应用于金融领域的技术，包括互联网金融、移动金融、区块链金融等。金融科技的发展主要受到互联网、移动互联网、大数据、人工智能和区块链等技术的推动。金融科技的发展极大地改变了金融行业的格局，它可以提高金融服务的效率，提供更加便捷的金融服务，改善金融服务的质量，降低金融服务的成本，促进金融服务的普及。
从上面可以看出，区块链技术是比特币的基础，比特币可以实现跨境支付，不受中央银行的监管，是未来金融技术的发展方向。金融科技的发展主要受到互联网、移动互联网、大数据、人工智能和区块链等技术的推动，它可以提高金融服务的效率，改善金融服务的质量，降低金融服务的成本，促进金融服务的普及。未来，区块链技术和比特币将会为金融科技的发展提供更多的可能性。
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㈠ What is the relationship between blockchain and Bitcoin
Blockchain technology is the basic technology of Bitcoin and is also the core and infrastructure of Bitcoin. Bitcoin has always been operated and managed without any centralized organization. Later, Bitcoin technology was abstracted and called blockchain technology, or distributed ledger technology.
(1) Blockchain is the core and infrastructure of Bitcoin:
1. In the Bitcoin system , "currency" is simply the unit of account used in that ledger. The most important thing is not the concept of "currency", but the concept of "ledger" without a central storage organization. For example: I lend 50 yuan to someone else. At this time, I asked the financial staff to help me keep accounts.
2. Blockchain technology is the basic technology of Bitcoin and the core and infrastructure of Bitcoin. Bitcoin has always been operated and managed without any centralized organization. Later, Bitcoin technology was abstracted and called blockchain technology, or distributed ledger technology.
(2) Blockchain is the core and infrastructure of Bitcoin:
1. In the Bitcoin system, “currency” is just the accounting used in the ledger. unit. The most important thing is not the concept of "currency", but the concept of "ledger" without a central storage organization. For example: I lend 50 yuan to someone else. At this time, I asked the financial staff to help me keep accounts. Bookkeeping must be paid, so I need to pay the financial staff.
Because an incentive mechanism has also been invented in the Bitcoin system technology, which is equivalent to what I just said, you can help me keep accounts and I will pay you, but not everyone can keep accounts. rewards. Therefore, the blockchain has designed a corresponding mechanism competition mechanism.
2. The competition mechanism uses a hash algorithm to determine the ownership of rewards. Generally speaking, everyone is given a math problem. The reward is for whoever calculates the result first. The calculation process of the hash algorithm is a process in which a professional computer (we call it a miner) uses the hash algorithm to calculate the results, which is called mining.
For the fastest and best bookkeepers, the system writes the recorded contents into the account books and sends the account book contents to everyone in the system for backup. This way, everyone in the system has a complete ledger called blockchain technology.
(3) The origin of blockchain:
1. The origin of the word "blockchain" is from the original English version of the Bitcoin white paper "Blockchain". When translating this sentence, the Chinese market directly used the word "blockchain" and then directly wrote it as "blockchain", which became a proper noun at the global blockchain technology level.
So, no matter who explains the blockchain, Bitcoin cannot be bypassed. If you want to introduce the history of cars, just like you can't avoid Carl Benz; if you want to introduce the history of airplanes, just like the Wright brothers.
2. Bitcoin "invented" and proved the feasibility of blockchain technology. Bitcoin is not the entire blockchain technology, just one of its applications.But without Bitcoin, or if Bitcoin's applications were not successful, blockchain might not have emerged, or at least not for many years. Therefore, it is difficult for the blockchain to be "isolated" from Bitcoin for a long time.
(1) Blockchain Bitcoin Conclusion Extended Reading:
Blockchain technology applied to digital currency Disadvantages:
First, "decentralization" does not have a circulation management agency. In essence, blockchain technology is a distributed database system, its logical structure is a one-way linked list, and its design model is based on P2P network, which determines that there is currently no unified virtual currency central control system based on blockchain technology .
Second, quantity supply is difficult to effectively control. Based on blockchain technology, the issuance amount of virtual currency is fixed. According to the Fisher equation, at a certain price level, the total transaction volume of the whole society in a certain period has a certain ratio to the required nominal currency amount, and the fixed currency amount obviously cannot meet the requirements of the ever-increasing total social commodity price.
Third, it is difficult for the “mining mechanism” to create recognized value. Bitcoin itself has no value and is not backed by national credit. Some people think that "value is injected into virtual currency by continuously consuming computing power and energy", but in order to find a hash value that meets the requirements, spending millions of calculations is obviously not the most efficient option.
Fourth, producers and early holders can easily obtain high seigniorage taxes. Any virtual currency based on blockchain technology will be held by a small number of people in the early stages of development. Take Bitcoin for example. At first, Bitcoin was just a product of a few people's game. In May 2010, the first transaction to buy Bitcoin was a $25 pizza purchased for 10,000 Bitcoins, and the first transaction completed in July of the same year was $0.04/Bitcoin.
㈡ What is the essence of blockchain and what is the principle of Bitcoin? What is the difference between the two?
The price of one Bitcoin has skyrocketed from more than 20,000 US dollars to 40,000 US dollars. This can't help but arouse my research interest, or to briefly understand what Bitcoin is, what its mechanism is like, and to uncover its mystery. Therefore, I simply searched for some information and learned a little bit about Bitcoin, so I sorted out the information on hand.
(3) Purpose: decentralization, reducing risks
Centralized network Only the central server can store and process data. The disadvantage is that the workload is large. Once it is paralyzed, the entire system will be paralyzed; the data storage volume is large; the central manager has great authority.
All servers in the distributed network can store and process data. Each server has an equal status and can store more data and have higher security.
The general popular science content is like this. If you want to know more, you can take a look at Satoshi Nakamoto’s paper and the official popular science video below.
㈢ What is the relationship between blockchain and Bitcoin?
The underlying implementation of BitcoinThe technology is blockchain. The blockchain can be regarded as a distributed ledger, and each block in the blockchain can be regarded as a page of ledgers. When transactions are made with Bitcoin, a new page of the ledger is generated every ten minutes.
㈣ What is the relationship between blockchain and Bitcoin?
What is the relationship between blockchain and Bitcoin?
Q1:
So what is the relationship between blockchain and Bitcoin?
Before answering this question, we must first clarify what Bitcoin is.
Bitcoin is a brand new digital currency, but this so-called "currency" has a characteristic, that is, it has no issuing agency.
Q2:
So you may ask, how does Bitcoin ensure the security and stability of the entire system without the management of an issuing agency?
A special technology is needed here, and this special technology is "blockchain" technology. So we say that blockchain is the underlying technology of Bitcoin.
However, blockchain technology is not a brand-new thing. It is a technology formed by integrating classic disciplines such as cryptography, distributed storage, consensus mechanisms, and smart contracts. As Bitcoin became known, the technology used in the Bitcoin system was vividly called "blockchain".
So we say that Bitcoin is the first application of blockchain, and Bitcoin represents the blockchain 1.0 era. The distinctive feature (or application scenario) of the blockchain 1.0 era is the digital currency represented by Bitcoin.
The birth of Bitcoin, or the emergence of blockchain technology, has a certain background.
In 2008, the world was in the midst of a severe economic crisis. The Federal Reserve's issuance of additional currency aggravated inflation and the economic crisis further spread. As a result, a person with the pseudonym "Satoshi Nakamoto" began to explore a new currency model, that is, the issuance of currency no longer relies on centralized institutions, so as to avoid the consequences of mistakes in decision-making by centralized institutions. All kinds of crises.
In 2008, Satoshi Nakamoto described the technical principles of Bitcoin in detail in a paper "Bitcoin: A Peer-to-Peer Electronic Cash System".
From this paper we can summarize that one of the biggest features of the Bitcoin system is "decentralization". In other words, the power to maintain the Bitcoin system is no longer concentrated on a central server, but relies on this system.Every node on the system uses cryptography and other computing methods to ensure that Bitcoin, the "digital currency", cannot be reused; at the same time, the circulation and transactions of Bitcoin can be well recorded.
Q3:
So, how to better record Bitcoin circulation transactions without the management of a central organization?
This involves the term "distributed storage". What does distributed storage mean? We can make an analogy and think of the Bitcoin system as a "ledger", which records Bitcoin transactions. However, this "ledger" is not concentrated in the hands of one person, but is decentralized. In other words, every node on the Bitcoin system has such an ledger, and everyone keeps accounts together. If you want to update the accounts, you need the consent of the majority of people... The "distributed storage" method of recording data used by the Bitcoin system has become one of the core technologies of the blockchain.
In addition, on the Bitcoin system, nodes must follow certain rules when recording data. This rule is called the "consensus mechanism". Bitcoin's consensus mechanism is PoW, which is proof of work. The mechanism, to put it simply, means more work, more reward. Nodes do a lot of calculations through computers, record transactions on the Bitcoin system, and maintain the Bitcoin system, so they can get more Bitcoin rewards... The "consensus mechanism" adopted by Bitcoin has also become the blockchain One of the core technologies.
Later, with the continuous enrichment of blockchain technology, consensus mechanisms also became diverse. Simply put, the consensus mechanism can be understood as the incentive mechanism of blockchain technology, because blockchain is decentralized and requires certain incentives to encourage nodes to proactively maintain the system.
From the above description, we can conclude that the Bitcoin system uses cryptography, distributed storage, consensus mechanism and other technical means to ensure that the system can be safe and stable without a central organization. run. These technologies are vividly summarized as "blockchain technology".
Therefore, we can understand the relationship between blockchain and Bitcoin like this:
Blockchain technology is the underlying technology of Bitcoin,
Bitcoin Bitcoin is the first application of blockchain;
Bitcoin represents the blockchain 1.0 era. The distinctive feature of this era is that blockchain technology is applied to the exploration of digital currency.
Whether it is Bitcoin or blockchain, if you say they are technologies, that is completely OK, because they are essentially the underlying protocol of a computer. This protocol is essentially the same as the Internet protocol we use now. It is completely different if you say it is an idea. Blockchain contains democratic ideas and incentive mechanisms. These ideas have great reference significance for our current community governance.
Of course, gold is never pure. Following Bitcoin, blockchain was accepted by more people. At this time, a large number of altcoins emerged. These altcoins evolved into a new financing model, resulting in air coins, MLM coins, etc. The prevalence of currency flag fraud. Regarding this point, with the current tightening of supervision and improvement of legislation, those who defraud using blockchain technology will also be severely punished.
#BTC[超话]# #欧易OKEx# #digital currency#
㈤ How to evaluate Bitcoin?
The Bitcoin system mainly uses The hash algorithm and asymmetric encryption algorithm in cryptography ensure the security of transactions: on the premise that transaction information is disclosed to the entire network, the one-way nature of the hash algorithm protects the private information of both parties to the transaction; the asymmetric encryption algorithm can ensure the transaction In the process, your Bitcoins will not go into other people’s pockets.
Although theoretically, these cryptographic principles can ensure the realization of Bitcoin's basic functions as a "decentralized currency", it still has some problems:
The first problem is the issue of system security. :
We say that in the world of Bitcoin, all information is hashed and then expressed in the form of code.
Then, wherever there is code, there must be loopholes. If there are loopholes, hackers will take advantage of them.
As early as 2010, not long after Bitcoin first appeared, a hacker exploited a vulnerability in the Bitcoin core software to create hundreds of billions of Bitcoins. It's like one person has mastered the money printing press, which is very scary. Or, hackers directly break into our computers and steal our private keys, which will also cause us heavy losses.
The second problem is that the speed of processing transactions is too slow:
In the Bitcoin system, a maximum of 7 transactions can be processed per second. Obviously, this speed cannot meet normal transaction needs. We must know that the Alipay, Taobao, and WeChat we use now can process hundreds of thousands or even millions of transactions per second. A transaction only takes 1-2 seconds to be successfully processed. If Bitcoin is used as daily currency, then When we make a one-time payment, it takes at least 1-2 days to process it successfully, which is very frustrating.
The third problem is that Bitcoin mining consumes too much electricity: Mining requires professional mining machines, which have high computing power, but consume a huge amount of electricity, and based on the current market situation Look, it’s hard to make back the investment by buying a mining machine for one year. Therefore, some people wonder: What is the point of consuming so much electricity to maintain a system with such a slow transaction speed?
The fourth issue is the issue of regulatory attitude:
The attitudes towards Bitcoin in various countries are now very polarized: supported countries and retail stores all accept Bitcoin for payment, and there are also Bitcoin withdrawals Machinery; countries that do not support it strictly suppress it and talk about it with disdain.
To sum up, if Bitcoin is measured as a monetary system, it must have various shortcomings. but weThere is no denying the brilliance of Bitcoin: Bitcoin represents not only a new "decentralized" currency system, but also the origin of blockchain technology and a new ideology with far-reaching influence.
From the perspective of currency, the function of Bitcoin:
Bitcoin is by far the largest digital currency. It is an important application in the blockchain 1.0 era and is the first use of blockchain. Application: Under the premise of decentralization, Bitcoin realizes the functions of digital currency in the issuance, payment, circulation and other stages. This is a brand-new payment method.
From the perspective of Bitcoin’s underlying technology - blockchain:
As Bitcoin’s attention gradually increases, blockchain as its underlying technology is becoming more and more known to the public. , blockchain began to gradually break away from digital currency and penetrated into many business fields. Different industries hope to apply Bitcoin technology to our real life, allowing us to obtain better results through various application scenarios. experience.
In terms of the ideology of Bitcoin:
It has set off a very great ideological storm. Bitcoin's "decentralization" and consensus mechanism are a brand new ideology in the current centralized society. Throughout history, whether it is the Renaissance or the Enlightenment, these are ideological changes that occurred under specific historical conditions. It will take a long time for these new ideas and new consciousness to be popularized before they can be accepted by everyone. In terms of the impact of Bitcoin:
Digital currencies are currently accepted and recognized by some national markets, spawning a large number of digital currency trading platforms, and a large number of altcoins. These altcoins have evolved into a brand new The financing model writes the myth of instant wealth, which has also led to the proliferation of fraudulent activities such as air coins and pyramid schemes under the banner of digital currencies.
In short, Bitcoin outlines a grand blueprint, that is, the future currency will no longer rely on the issuance of central banks of various countries, but will implement global currency unification. However, judging from the current situation, the blockchain 1.0 era represented by Bitcoin only meets the basic functions of digital currency and cannot be popularized in other industries.
But no matter how you put it, in one sentence, Bitcoin: There are shortcomings in the beauty, and the edge cannot be concealed.
㈥ What are the differences and connections between blockchain and Bitcoin?
Blockchain technology is a new technology derived with the development of the Bitcoin economy. Blockchain technology can effectively The ground serves the Bitcoin economy, and they are interconnected. Bitcoin is a virtual currency that only circulates in a specific network economic environment. Blockchain technology can not only be applied to the economy, but can also be used in all walks of life. This is their difference.
Blockchain TechnologyBecause blockchain technology is still an emerging product, it does not yet have an accurate or definite definition and concept. Simply put, blockchain technology is a model for encrypted management of data, which can protect data to a large extent. Blockchain technology hasDistinctive features of decentralization, openness, independence, security and anonymity. Its characteristics are well adapted to today's requirements for information protection and information disclosure in all walks of life. On the one hand, it ensures data security and prevents data processing from being interfered by factors such as human subjective emotions and system failures. On the other hand, it is up to the individual data to decide whether to hide their details from the group to the greatest extent possible to achieve the purpose of protecting privacy.
At the same time, there is no doubt that blockchain technology is still in a preliminary state of development. Society's understanding of it is not deep enough, and scholars are still in the stage of continuous exploration. Through correct application, blockchain technology will bring many positive impacts to society.
㈦ Blockchain and Bitcoin (1)
Blockchain is a technology that has been proposed by academic circles for a long time but has only become popular with Bitcoin in recent years. a concept. Bitcoin is an implementation based on blockchain technology. Bitcoin is a cryptocurrency, or a digital currency. Let’s start with Bitcoin and talk about how Bitcoin uses blockchain technology.
Suppose that during the 2006 World Cup finals, two football fans who did not know each other met. Italy was playing France. The French fans said that France will definitely beat Italy with Zidane. The Italian fans were unconvinced and said that we Italy is invincible. If you don't believe it, let's bet 100 euros. In the real world, what should we do?
I have said before that we who work on computers spend more than 90% of our time dealing with abnormal situations. If humans were very trustworthy, the world might not be what it is now. The 600 miles that Qin promised King Huai of Chu were no longer 6 miles. Maybe it would be Chu who unified China. If you hand over the money to a third party, what if the third party also runs away? He stole the money. Therefore, in the real strange world, relying solely on a kind heart is unreliable. There must be means to firmly guarantee this commitment, legal contract, etc. Nowadays, a very common approach is for the third party to find an authoritative institution, such as the government, a bank, etc., or to find a reputable person or organization. In the final analysis, it is still to find an institution or person with credibility. But under normal circumstances, this third party will definitely "pluck out hair" and charge a certain percentage of handling fees.
So is there any way to solve this problem? This is one of the original intentions of Bitcoin's original design, to solve the trust problem between two strangers.
Encryption algorithm + multi-person accounting
Let’s talk about the encryption algorithm first. Here we need the asymmetric encryption I mentioned before, that is, the public key and private key. Everyone can have one or more pairs of public and private keys, but a public key can only have a corresponding private key, and vice versa. The principle is that two very large prime numbers (p and q) are multiplied to get a number (n). If you want to crack the private key based on the public key, you must theoretically crack it violently. Calculate this number byWhich are obtained by multiplying two large prime numbers. Currently, there is no published private key in the world that can crack more than 1024 bits, so it is very safe to use a private key of 1024 or 2048 or even longer.
Then with the public key and private key, I as an individual can encrypt with the private key, and then publish the public key. Anyone can use my public key to decrypt to determine that this is what I published. . In the same way, when someone transfers money to me, I can also use his or her public key to decrypt it, thereby determining that this is someone's identity. This is also called a digital signature. The principles are the same, they are all encryption algorithms, obtained by using mathematical Euler's formula, prime number multiplication and other principles. This is a very great algorithm called RSA, proposed by three mathematicians. As long as we ordinary people understand the concept and use of public keys and private keys.
In the previous traditional model, banks or government agencies had their own separate ledgers. For example, if Zhang San transferred 100 yuan to Li Si, how would it be recorded in the ledger? 100 is deducted from Zhang San’s account and 100 is added to Li Si’s account, right?
The same is true for multi-person ledgers, except that the previous centralized institution has become a distributed, decentralized multiple institutions and even individuals. For example, Li Bai transferred 100 taels of silver to Du Fu. In the past, the Ministry of Finance kept accounts. In the blockchain, Tang Taizong, Yang Yuhuan, Zhang Xiaojing, He Zhizhang and many other people kept accounts together. It was recorded that Li Taibai transferred 100 taels of silver to Du Zimei. , as evidence, with Li Bai's seal attached at the back. In this way, with multiple ledgers, it would be extremely difficult to tamper with it. Li Bai could safely transfer it to Du Fu without worrying that he would tamper with the amount or deny it.
This can solve the problem of fans betting mentioned at the beginning, but there is another question, why should others help us keep accounts?
The answer is to be paid, which is in line with human nature. Otherwise, who would be willing to help keep an account that has nothing to do with them?
But there is only one person who can ultimately keep accounts, otherwise everything will be in chaos.
On the premise that it is beneficial, how to ensure who will keep the accounts? There is a mathematical knowledge involved here. Everyone who wants to keep accounts, in fact, the so-called miners, must solve a mathematical problem when keeping money. There is no trick to this mathematical problem. The only way is to put the numbers into the formula. In hard calculation, the algorithm is a Hash algorithm, which is similar to calculating a series of numbers. Miners can only guess, but there is no other way. Moreover, the current probability of guessing in Bitcoin is one in a trillion. It would take an ordinary computer to guess this number continuously for about a year.
But there are thousands of computers in the world, and if they are calculated together, the speed will be much faster, because from a probability point of view, one computer will definitely calculate it, and this is indeed the case. Let’s look at a real-life example of Bitcoin.
In addition, you can also see who the Miner is and how many transactions (Number of Transactions) are included in this block.
What if this miner is an individual with ulterior motives, and after calculating the calculation, he tampered with the transfer record and amount privately?
A. Tampering with transaction records/amount
We introduced the public and private key encryption technology earlier. The miners themselves theoretically do not have the private keys of the sender or payee. Therefore, the transaction record that he tampered with will make errors when decrypted with the correct public key, and will eventually be deemed illegal (the author is not sure at what point in time the identification was made, but he is sure that this record can be falsified) ).
B. Delete transaction records
Assume a scenario where Zhang San wants to buy a two-bedroom, one-living house in Beijing’s 4th Ring Road, but Zhang San doesn’t want to pay for it. Occupying the house for free, I thought of a sneaky way to tamper with transaction records. Theoretically, after Zhang San paid, this record was generated but not confirmed. The record needs to wait until a miner solves the puzzle. Assuming that the miner is one of his own, he asked the miner to erase the record. There is no problem. . But there are several ways to do it:
As we all know, Bitcoin mining takes a long time because of the troublesome math problems. The current cycle is about 10 minutes. This is based on the world Under the premise that hundreds of thousands of mining machines are working at full capacity at the same time. That is to say, tens of thousands of transactions will be uniformly confirmed and put into an immutable block every ten minutes, and these hundreds of thousands of mining machines will update their local records at the same time.
2.1 If the transaction has just been generated and the landlord sees it, and then transfers the property rights to Zhang San the next second, then if Zhang San wants to tamper with the payment record, he must meet several conditions:
The difficulty of success depends on how many confirmed blocks follow the tampered record. If there is only one, it is too simple, because the blockchain algorithm defaults to miners using the first received longer block when publishing a new block. So after this modification, it will be done once and for all, because all the ledgers will be synchronized, but there is also a problem, that is, this synchronization will be recorded. If the landlord cannot check the account, Zhang San will eventually be arrested. If there are many, for example, after Zhang San transfers the money, the landlord only transfers the property rights 1 hour after confirming the transfer, then Zhang San must tamper with the previous block information of about 6 blocks, which is very troublesome, because every block All will point to the previous block, and each block will have a digest (Hash), which is a summary of all transaction records in the current block. So if you try to modify a block that was written a long time ago, thenThe digests of the blocks above will be changed. This is the hash tree (MerkleTree). Other nodes can report information that the blockchain has been tampered with. This involves the most important point. The 51% computing power that is often mentioned means that if Zhang San owns more than 50% of the ledgers and acknowledges this modification, then other nodes will also acknowledge this modification according to the algorithm design. . However, let’s not talk about the fact that almost no one in the world can do the above two things at the same time. Even if you can do it, if someone has questions about this, you can still force the system to be repaired. Similar problems have occurred in Ethereum before, and the outcome is Ethereum Entire blocks were tampered with and stolen property was recovered. Ethereum fork event.
The above is only a superficial introduction to the characteristics of Bitcoin implemented by applying blockchain technology. It can achieve openness, fairness, neutrality and equality. Any two strangers in the world can rely on Bitcoin or other blockchain technologies to trust each other.
㈧ What is the relationship between blockchain technology and Bitcoin?
Blockchain technology is the underlying technology of Bitcoin. Bitcoin has always been operated and managed without any centralized organization. Later, Bitcoin technology was abstracted and called blockchain technology, or distributed ledger technology.
Bitcoin is the first application of blockchain and will be expanded to more and more industries in the future.
Blockchain technology is called distributed ledger technology. It is an Internet database technology that is characterized by decentralization, openness and transparency, allowing everyone to participate in database records.
While Bitcoin is not issued by a specific monetary institution, the Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors, and uses cryptographic design to ensure A currency that provides security in all aspects of currency circulation.
(8) Blockchain Bitcoin Conclusion Extended Reading:
Bitcoin Currency Characteristics:
Decentralization: Bitcoin Coin is the first distributed virtual currency. The entire network is composed of users and there is no central bank. Decentralization is the guarantee of Bitcoin’s security and freedom.
Worldwide circulation: Bitcoin can be managed on any computer connected to the Internet. Anyone can mine, buy, sell or receive Bitcoin regardless of location.
Exclusive ownership: Manipulating Bitcoin requires a private key, which can be isolated and stored on any storage medium. No one can obtain it except the user himself.
Low transaction fees: It is free to remit Bitcoin, but there will ultimately be a transaction fee of approximately 1 bit cent per transaction to ensure faster transaction execution.
No hidden costs: As a means of payment from A to B, Bitcoin has no cumbersome limits and procedures. You can make the payment by knowing the other party's Bitcoin address.
Cross-platform mining: Users can explore the computing capabilities of different hardware on many platforms.
Reference materials: websiteNetwork-Blockchain Network-Bitcoin
㈨ How does Bitcoin generate commercial value and what is "blockchain"?
How does Bitcoin generate commercial value? What is “blockchain”? Bitcoin and blockchain are a very complex topic, and many people are confused about it. In fact, this is because some people deliberately complicate the two. Here is a brief introduction for you, friends can refer to:
Through the above series of analyses, everyone should be able to understand that blockchain is a secure network terminal, but Bitcoin is a kind of expectation, so the two are completely different. You can refer to the above content.
