How is bitcoin maintained

1. The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, 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

bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system.

2. Bitcoin uses a number of technologies, more than one, mainly distributed P2P technology, cryptography technology and so on
it is recommended to search bitcoin white paper for more information.

3. It's an activity that coin an had before, and it's still going on. It's used to reward the members of coin an contract alliance who have performed well.

4. Bitcoin is guaranteed by the trust between people. Its essence is still game currency. It is worthless at any time for lack of physical support. Now it's so hot because there is a complete upstream and downstream instrial chain, some sell mining computers, some do trading platforms, and some have more money to hype. They are all hyping it up. After the first batch of miners with the most bitcoin have sold it, you know the final result.

5. A small part of users' bitcoin assets are hosted in hot wallets by encryption, while most bitcoin assets are stored in cold wallets, offline and encrypted, which has little impact on services in most cases.