Address of Zhongben Cong bitcoin Wallet

1.

Who is Nakamoto? Why are people so curious about him? This person, who calls himself Nakamoto Tsung, said that he lost his bitcoin, not one or two, but a lot. What does 980000 bitcoins mean

so we should take a calm attitude towards bitcoin

so far, no one knows the true face of this Nakamoto. Even his so-called 980000 bitcoins are skeptical

because, generally, people who are really rich are disdainful of showing off their wealth

3.

You can download a bitcoin wallet or register on a trading platform. Everyone's bitcoin address is unique. If you have an address, you can make a bitcoin transfer. Download bitcoin client or bitcoin wallet, you can also register your own bitcoin address. A bitcoin address is a string of 26 to 34 bits of letters and numbers, which looks a bit like garbled code

the bitcoin address is an indivial's bitcoin account, which is equivalent to your bank card number. Anyone can transfer bitcoin to you through your bitcoin address. The red box is the bitcoin address. Log in to my bitcoin bag and you can see the money

extended materials:

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was constructed. 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 the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography 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. 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 21 million

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

reference: network bitcoin

4. Bitcoin was born in a paper in 2008
a person signed by Nakamoto Tsui has put forward a revolutionary idea: let's create a currency that is not controlled by the government or anyone else! This idea is crazy: there is no asset support behind a string of figures, and no one is responsible for it. How can anyone accept it when you pay it to the other party as money
Merkle tree
looks like a binary tree, but this is the lower two nodes. Take the hash value to get the upper node. Just remember the root node to detect whether the whole tree has been tampered
the root hash value is stored in the block header, and the transaction process is stored in the block body. All nodes include block header and block body, but light nodes (such as bitcoin wallets on mobile phones) only include block header. This tree can prove that a transaction has been written into the blockchain
3. Consensus agreement
two issues should be paid attention to in decentralized currency:
1. Who can issue digital currency: mining
2. How to verify the legitimacy of transactions: blockchain
double spending attack
double spending attack is a major challenge of digital currency
all transactions in bitcoin have input and output. Where does bitcoin come from and where does it go
under normal circumstances, there may be two bifurcations, because two nodes obtain the bookkeeping right at the same time, and the two nodes package the block and calculate the random number at the same time. At this time, the two bifurcations will coexist temporarily until one of the blocks finds the next block first, which becomes the longest legal chain, and the other one is discarded<

Sybil attack
a malicious node keeps generating accounts. If the total number of accounts exceeds half of the total accounts, it obtains the control of the blockchain

consensus protocol in bitcoin
some nodes are malicious, and most nodes are good

idea 1: pack some transactions into blocks as candidate blocks, let each block vote, and write them into the blockchain if they pass

No, because some malicious nodes have been publishing blocks containing malicious transactions, and they have been voting and occupying resources. And some nodes don't vote<

idea 2: vote not by the number of accounts, but by computing power. Each node can generate legal transactions and put them into the block. These nodes start to try random numbers until H (block header) ≤ target is found, then this node has the right to account

the only way to generate bitcoin
coinbase transaction. There is no need to point out the source of the currency. If you have the bookkeeping right, you will get a reward< br />
50BTC-> 25BTC-> 12.5btc, the reward will be halved for every 210000 bitcoins

the process of bitcoin competing for bookkeeping rights is called mining. The node competing for bookkeeping right is called miner.

5. Now it's very difficult to download the program from the official website and do it yourself, but it may take several years. The second way is to buy it. Now it's about 18 dollars, less than 100 yuan. Mt.gox, bitcoin's largest trading website. On the official website of bitcoin, there is a paper by Nakamoto Tsung, which details the technical principles of bitcoin. In short, bitcoin is based on a set of cipher codes and generated by complex algorithms; Anyone can download and run bitcoin software to participate in the proction of bitcoin; Bitcoin uses electronic signature to realize circulation, and checks repeated consumption through P2P network
by 2140, the total number of bitcoins was 21 million. I suggest you buy it< In 2009, a mysterious hacker named Satoshi nakomoto first proposed the concept of bitcoin, and described a method of using computer networks to create an unmanaged "secret currency". Unlike other virtual currencies, bitcoin is not issued by a company or a central bank, nor linked to any real currency, but can be used to buy goods and services in the real world. In essence, it can be seen as a small string of encrypted code quickly transmitted and stored in the electronic wallet on the Internet. Just as the P2P networks such as Napster and Skype once made the record instry and telephone instry into a mess, bitcoin, which challenges the modern monetary and financial science, is also based on P2P - the same as our commonly used BT download technology. The advantage of P2P is to ensure that no institution can manipulate the value of bitcoin or increase the supply to create inflation. In a huge P2P network, bitcoin has a special algorithm, which proces about 300 bitcoins per hour. This output is automatically adjusted by the network. Because you can't control most of the network nodes, you can't modify the algorithm of each user to speed up the money proction. Figuratively speaking, bitcoin is "mined" by computers all over the world. If you want to get bitcoin, you just need to install mining software, and your computer will start to do a lot of calculations, which is mining. No matter which computer is used to mine, it is easy to get 50 bitcoins in the early days of bitcoin. As early as January this year, 50 bitcoin was not worth $15, but on June 9, a bitcoin was worth as much as $29.55. If you trade them, you can get back $1500 of real gold and silver. Now, however, mining requires high-performance computers, and some developers involved say that it is estimated that an ordinary laptop will work for five years to get a bitcoin. Why is that? We have to start with the currency itself. Economics tells us that money exists because of transactions. The value of bitcoin lies in the transaction itself. In order to transfer bitcoin from one account to another, there must be a secure channel. To create a secure channel, a lot of energy will be consumed. Therefore, the whole bitcoin user group should reward the mint (50 bitcoin). In other words, he succeeded in mining. Mining, in essence, is the process of creating new blocks (each block contains 50 bitcoin) on P2P network. In short, the software algorithm determines that it is difficult to create a new block that is recognized by the whole network. If there are more participants, the new block will be generated more slowly. Just like mining, with the depletion of the most accessible resources (assuming no newly discovered mineral deposits), the supply will graally decrease. According to the algorithm, each block can only generate 25 bitcoins by 2013, 12.5 bitcoins by 2017, and so on. By 2030, the total number will stay at a platform, about 21 million. Graphically, this will be a flat curve. Reality also proves this point. As the value of bitcoin rises and the number of participants increases, mining becomes more and more difficult. At the forum, miners discussed how to use dry ice and liquid nitrogen to cool computers, increase CPU frequency and speed up mining software, or customize top computer graphics cards and improve network speed to proce more bitcoin. According to the guardian, someone was mysteriously mining at home, and even was suddenly attacked by the police, who mistook him for drug trafficking. Recently, Symantec, a digital security company, discovered a new trojan virus. This malicious program, coinbit, is used to steal numbers, so that hackers can easily break into users' bitcoin wallets and steal their contents. Before the June 19 incident, members of the lulzsec hacker group and anonymous team had discovered that there was a better way to mine - to use someone else's computer. These hacker groups are famous for their server attacks mainly relying on botnets. Some members found that some miners actually use their botnets to mine. The miners are also said to be hackers, who have used botnets to control more than 100000 computers. With the scale of the current network, the efficiency of mining can be greatly improved. It is estimated that 400 to 500 bitcoins can be proced every day, and the current value is more than 8000 US dollars (as of June 28, 2011, 1 bitcoin = 16.9 US dollars). There are two groups of people in the bitcoin community. One group denies that someone is using botnet to mine. The other group says that this is a fact and admits that botnet computing has dropped dramatically. An anonymous person said it was clear that there were people who thought that participation in mining would be more rewarding than attacking mining.

6. Say strong, in the game book can only be regarded as entry-level graphics card, say weak, basically better than all the office books carrying graphics cards, such as mx250 / 150 and so on.

7. This statement is widely spread on the Internet, but it is likely to be a rumor. This statement was actually put forward by a bitcoin blogger in 2012, and has not been confirmed at all. However, there is a saying in the instry that has received a lot of support. The 50 bitcoins awarded by Chuangshi block have entered the address of Nakamoto Tsung. In the bitcoin network, the number of bitcoins owned by each address is publicly available. Therefore, the number of bitcoins owned by Nakamoto Tsung's address to receive the genesis block award is searchable, which is currently 67. Fifty of them came from the genesis dig award on January 3, 2009, and the other 17 were transferred in by many bitcoin enthusiasts, which may be to show respect for Nakamoto.

8. Bitcoin the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software and P2P network are designed and released. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system