What is the minimum number of BTC transactions
The total number of bitcoins is 21 million
in 2009, when bitcoin was born, block reward was 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25
when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million
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
From the current technology, the next bitcoin in the bitcoin data structure can be divided into 8 decimal places, so the minimum unit of bitcoin is 0.00000001btc, but the transaction can not be so small
according to the statistics of bitbao, at present, the common minimum trading unit of bitcoin trading platform in China is 0.01btc, so the 0.0001 proposed by the owner is not available for sale< br />
what is blockchain technology
in a narrow sense: blockchain technology is a kind of chain data structure composed of data blocks connected in sequence according to the time sequence, and it can not be tampered with and forged in the way of cryptography
broad concept: blockchain technology uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, and uses cryptography to ensure the security of data transmission and access It is a new distributed infrastructure and computing paradigm to program and manipulate data by using smart contracts composed of automated script code
Renhua: blockchain technology is a way for the whole people to participate in recording. In the blockchain system, everyone's records can be recorded and distributed to everyone in the system for backup. Such a decentralized way greatly improves the system security< br />
What are the benefits of blockchain technology
1. Blockchain technology is highly reliable
the design of blockchain enables it to effectively prevent failures and attacks. Because a blockchain is shared by a group of open users, even if a single node in the blockchain network fails, it will not lead to the loss of information on other nodes, the rest of the participants can still operate as usual, and the transaction transmission on the blockchain will not be affected
2. Blockchain is transparent
the transparency of the blockchain is that any data updates on the blockchain will be synchronized to the whole blockchain, and any data records on the blockchain network can be queried at each node. Blockchain eliminates the asymmetry of data and improves the trust between network nodes< br />
3. The records stored on the blockchain cannot be changed
unless more than 50% of the nodes in the blockchain change the same record, all data cannot be changed. This reces the risk of fraud in the transaction. Moreover, the stored records have the characteristics of irrevocability. When new data is written into a block, the newly generated block will be copied to all blocks in the blockchain. This process is irreversible, so the blockchain has the characteristics of irrevocability. This improves the accuracy of the transaction, simplifies the data processing process, and reces the cost of keeping the original data and transaction traceability
within the warranty period, you can get the counter
generally, it is better to repair in Shanghai and Beijing