How does bitcoin circulate
The remitter will pay bitcoin directly to the other party according to the address of the payee through the computer or smart phone
after the transaction data of bitcoin is packaged into a "data block" or "block", the transaction is initially confirmed. When a block is linked to a previous block, the transaction is further confirmed. After six block confirmations in a row, the transaction was irreversibly confirmed
the bitcoin peer-to-peer network stores all transaction history in the "blockchain". The blockchain continues to extend, and once new blocks are added to the blockchain, they will not be removed. In fact, blockchain is a distributed database composed of a group of scattered client nodes and all participants, which is a record of all bitcoin transaction history
extended data
users can buy bitcoin, and at the same time, they can "mine" bitcoin by using computers to perform a large number of calculations according to the algorithm. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins
from 2012 to 2014, bitcoin swept the world, and graally formed the "virtual currency" instry chain represented by bitcoin. This is a change in the financial instry and a new proct of the combination of the financial instry and the Internet. It represents a financial milestone in the new era and marks a new chapter in the history of the Internet. Bitcoin fund is one of the derivative procts represented by bitcoin in the era of "virtual currency"
according to the relevant news reports of Fuhui China, bitcoin fund will be open for operation in the autumn of 2014. Fuhui bitcoin fund, as the world's first operation mode of mutual benefit and win-win with financial management mode, is original and full of temptation and challenge
the second way of transaction is completely private transaction. First, the two sides of the transaction contact each other, and then the seller in the trader transfers the virtual currency such as bitcoin to the buyer's wallet directly through the wallet such as bitcoin. At the same time, the buyer gives the seller the money needed by the exchange or other virtual currency of equal value. Here, the price traders can communicate with themselves, which saves the trouble of platform registration
compared with the two methods, the trading platform needs to be registered and the real name system is adopted. For users who are afraid of trouble and unwilling to trade in real name, they are more inclined to choose private trading. Moreover, the service charge required by the platform exchange is actually very high. These are the factors that some people choose to trade in private. However, private transactions also have many disadvantages. One is the uncertainty of the transaction. If the two parties do not meet for the transaction, there may be the risk that one party will pay and the other party will run away. Even if they meet and trade, there may be something similar to stealing bitcoin directly or transferring bitcoin into their own hands through threats. Another is that the liquidity is not strong, and it is not necessarily possible to find a private trading partner at any time. However, private transactions sometimes appear in the hands of large investors, and millions of transactions may be directly traded in private. At this time, transactions may be based on long-term cooperation and trust
I used to make bitcoin, and I lost half of it at once. It's not online or offline, and the risk is very high. It's better not to touch virtual currency, which is not recognized by China
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I've been playing for a few years. The price of bitcoin on this website is 16000 today. I suggest you pay attention to risk