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What does bitcoin produce

Publish: 2021-05-15 22:20:29
1. bitcoin is a kind of virtual currency, which is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged in the world
reference link: http://wuhan.pbc.gov.cn/wuhan/2929354/3393665/index.html
2. You have too many questions... It's hard to answer. I picked a few answers

what is the essence of bitcoin
A: in essence, it is a multi person account book. But the currency (bitcoin) on the account book is generated out of thin air, and the algorithm is sha256 workload proof

how to identify its uniqueness< As like as two peas, br / > answer: it's still a book. All the books are kept by all the game player in the world. Just imagine, the whole world knows that I have five coins. I pay five coins to a in the way of bookkeeping, and keep the account book. Unless you change 51% of everyone's account book, it will be effective, but the change has to be proved by workload, so it is not so easy to change. This guarantees uniqueness I can only give you a general idea. Although it's not easy to understand, you can check it yourself)

according to my understanding, bitcoin should not be stored in a database to record users' bitcoin... It is stored locally
A: it's stored locally, but it's broadcast immediately in P2P mode. Everyone who plays bitcoin keeps a locally. If your account book is different from others, for example, if you say you have 100 million, your account book is invalid. If no one admits it, it can't be sent

PS: it's learned a lot, involving economics, cryptography, sociology, computer programming, etc. One can't master all of them, so there are many people who don't understand them. When you understand 1 / 2 of what XX learned above, you will understand.
3. Bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats and equipment in online games. Internet users can also use bitcoin to buy real goods
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. 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 currency circulation.
4. Personal opinion: (answer the above questions one by one)
1. The value and significance of bitcoin: 1. The designer's original intention is to build a free, non central and orderly currency trading world It is a kind of realization of the designer's idea, and it is also a kind of experiment or game) 2. The time used in calculation is obtained as reward (the proposition of calculation is that infinite people's life is limited) 3. Cryptographic technology ensures its security. At the same time, it is well used and packaged Because in the early days of currency issuance, it was just a favorite of geek enthusiasts It is more like financial bonds in the early stage of the subprime crisis in the United States)
2. Businesses accept bitcoin: there are multiple needs: 1. Attract more avant-garde customers. 2. Geek lovers, etc.
3. The ratio of real money to real money is all left to the free market, which can be artificially speculated It didn't make any sense.
5. Bitcoin needs excavators. The so-called excavator is the user's computer. The system rewards bitcoin by the amount of calculation contributed by users, and the calculation is a mathematical problem. Since bitcoin is online, there are about 25 million. The price of things is worth supporting because they are rare.
6. Blockchain to make money, with good currency exchange registration, for example!
7. 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 specific currency institutions. It is generated by a large number of calculations based on specific algorithms. 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 currency 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

warm tips:
① the above information is for reference only and does not constitute any investment suggestions
② there are risks in entering the market, so investment should be cautious
response time: February 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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