Can bitcoin change money

1. bitcoin can be cashed and converted into the currency of most countries
users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items. In the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. During operation, bitcoin users enter a password similar to the bank pin code to log in to the network bitcoin account
through the ATM, users can withdraw the Canadian dollar cash corresponding to the ratio from the bitcoin account, or deposit the cash into the bitcoin account
bitcoin users only need a smart phone to use bitcoin, which is similar to online shopping. A bitcoin address is about 33 characters long, a string of letters and numbers, always starting with 1 or 3, such as & quot& quot; Bitcoin software can generate address automatically, and it does not need to exchange information online when generating address, so it can be offline [2]. More than 2 bitcoin addresses are available. Figuratively speaking, there are about two grains of sand in the world. If there is an earth in each grain of sand, then the total number of bitcoin addresses far exceeds the number of all the sand on all these "earths"
bitcoin address and private key appear in pairs, and their relationship is like bank card number and password. A bitcoin address is like a bank card number, which records how much bitcoin you have on it. You can generate bitcoin address at will to store bitcoin. When each bitcoin address is generated, a corresponding private key of the address will be generated. This private key proves that you have ownership of the bitcoin at that address. We can simply understand the bitcoin address as the bank card number, and the private key of the address as the password of the corresponding bank card number. Only when you know the bank password can you use the money on the bank card number. Therefore, please keep your address and private key when using bitcoin wallet.

3.

Because the biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

many websites for technology players have begun to accept bitcoin transactions. For example, websites like hotcoin, coin an and okex, as well as some Taobao stores, can even accept services such as bitcoin exchange for us dollars and euro. There is no doubt that bitcoin has become a real currency in circulation, rather than a virtual currency like Tencent Q coin. There are specialized bitcoin third party payment companies abroad, similar to the domestic Alipay, which can provide API interface services. p>

you can use money to buy bitcoin, or you can be a miner to "mine" them, and use computers to search for 64 bit numbers. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network. If the computer can successfully create a set of numbers, it will get 12.5 bitcoins

bitcoin is decentralized. It needs to create a fixed number of bitcoins in each unit of computing time. It can get 12.5 bitcoins every 10 minutes. By 2140, there will be 21 million bitcoins in circulation. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging

extended data:

monetary characteristics

1. Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom

2. Global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution

5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay

6. Cross platform Mining: users can explore the computing power of different hardware on many platforms

4. How to convert bitcoin into RMB detailed tutorial:
1. Log in to BTC China platform, click "trading center" and select "RMB recharge" to enter the page
2. You can recharge by BTCC code. The website shows the official agent of bitcoin China BTCC code. You can contact the seller to buy BTCC code through QQ
3. When you buy BTCC code in bitcoin China, you can recharge the account. The recharge code is divided into a and B. after the code is copied, click confirm to recharge
4. After the recharge is successful, you can see how to buy bitcoin. First click the trading market
5. Click BTC / CNY to trade, and then click the market price sheet to input the quantity of bitcoin you want to buy, In this way, you can check bitcoin.
6. Go to your account to check whether bitcoin has arrived. After arriving, you can see how to pay for the bitcoin wallet of MMM players

5. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. 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 does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on February 16, 2021, the price of bitcoin exceeded $50000. On February 20, 2021, the total market value of bitcoin broke through the $1 trillion mark. On February 22, 2021, the price of bitcoin exceeded $58000 per coin. On the evening of February 22, 2021, bitcoin's decline widened e to the counterattack of short selling funds. It once fell below US $48000 / piece, with a decline of nearly 17%. Subsequently, long funds quickly began to bottom, in half an hour, bitcoin fell from 17% to 6%. According to coingecko, as of 0:00 on February 23, Beijing time, bitcoin was at US $52878.42 per coin, down 9% in 24 hours

warm tips: ① according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have the monetary attributes of legal compensation and mandatory, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
② the above explanation is for reference only. Before investing, it is suggested that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistaking into the capital market
③ investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation

response time: February 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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6. In short, bitcoin is a kind of cryptocurrency (virtual currency, digital currency, electronic currency). The professional point is that bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system
bitcoin can be traded on the trading platform to convert bitcoin into RMB.

7. maybe

8. Yes, now one bitcoin can be exchanged for 5000 RMB