Bitcoin cash play
Novice first of all to know how to calculate your cost, recharge, trading, cash, there are fees. At least you can understand the K-line. There are a lot of people on the K-line. You can look at it casually and understand it. You need to be risk aware. bitcoin is a high-risk and high profit investment. It may double overnight, or BMW may become a bicycle overnight. At the beginning, we suggest a small amount of investment
but it's hard to get bitcoin for indivial mining, so it's basically large-scale mining, and you need to cooperate with the mine pool. So if you still want to make money by mining, at present, the most suitable mining method is cloud mining or mining machine hosting. After all, the era of single person mining is over
1, bitcoin trading, you have to find a dedicated online trading platform for bitcoin. With this trading platform, we can buy and sell bitcoin freely on the trading platform
2. As long as you have time and pay attention to the real-time market of bitcoin, you can learn to play bitcoin. In fact, this method is very simple, that is, buy low and sell high
3. 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
Introction to bitcoin:
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
2. Bitcoin is a kind of P2P digital currency. Peer to peer transmission means a decentralized concept of bitcoin, which was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software and P2P network are designed and released
3. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
4. 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
5. The decentralized feature 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
6. 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< On February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that relevant institutions would pay attention to bitcoin's current situation of encouraging illegal activities and disrupting the financial order, and require that actions be taken as soon as possible to completely ban the electronic currency
2. China has banned the issue and use of bitcoin
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There are two relations between bitcash and bitcoin: bitcash is the bifurcated and competitive currency of bitcoin{ RRRRR}
Second, competitive currency. As the name suggests, they are two competing currencies. It is just like the competition of two kinds of homogeneous goods in the market, competing for market share. In the virtual digital currency market, the market share is so large that more people hold one kind of currency, the number of people holding another kind of currency will be relatively reced, forming a competitive relationship between you and me
in these two relationships, competitive currency is easier to understand, while forked currency is more difficult because it is a technical problem
is the relationship between the two currencies clear now
bitcoin cash (BCC) is a new version of bitcoin with different configurations launched by a small number of bitcoin developers. It is a new type of blockchain asset. At 20:20 on August 1, 2017, bitcoin cash starts mining, and each bitcoin investor's account will have the same amount of bitcoin cash (BCC).
compared with the classic bitcoin, bitcoin cash mainly adjusts the block capacity to 8m
because bitcoin cash was only launched in August this year, at the beginning of its launch, bitcoin was given free of charge to users in proportion to the number of users' bitcoins; Therefore, users graally accept bitcoin cash
in addition, the classic bitcoin has some problems in transaction, so more and more people begin to use bitcoin cash.
bitcoin cash (BCH) is a new version of bitcoin with different configurations launched by a small number of bitcoin developers. It is a new type of blockchain asset. On August 1, 2017, the mining of bitcoin cash will begin, and each bitcoin investor will have the same amount of bitcoin cash (BCH) in his account
(1) the transmission mode of the two is the same
bitcoin cash and bitcoin are completely decentralized, and the central bank does not issue or need a third party to operate, but the electronic cash is transmitted through the Internet
the previous life of bitcoin cash is bitcoin. Before the bifurcation, the data stored in the blockchain and the running software are compatible with all bitcoin nodes. After the bifurcation, it has little association with bitcoin and becomes a new currency
(2) the block capacity of recording transaction information is different
the block capacity of bitcoin is 1MB, while the segwit of bitcoin cash is deleted, which cancels the limit of 1m block size, supports 8m block size at most, and adheres to the on chain expansion route. It is a blockchain asset generated by bitcoin ABC scheme, which has greater stability and security. It can also support more transactions in a specific time. The size of the first BCH block g up by bitcoin cash has exceeded 1MB
(3) the difficulty of the two algorithms is different
there are 21 million bitcoins at most. With more and more bitcoins being g and less and less remaining, the difficulty of the algorithm becomes more and more difficult. Bitcoin cash adopts the dynamic difficulty adjustment mode, and the proction difficulty will be adjusted with the computing power in the whole bitcoin cash network. The more nodes you join, the higher the difficulty, otherwise, the lower the difficulty. Because bitcoin cash takes a long time to get out of the block, bitcoin cash began to adjust the difficulty of mining on August 8, and improved the speed of getting out of the block
technically, both bitcoin cash and bitcoin's workload proof algorithms are sha256, but the difference is the difficulty adjustment mechanism. The measures taken in the original bitcoin chain are to adjust the mining difficulty once every 2106 blocks are excavated according to the computing power. In order to prevent the situation of insufficient computing power, bitcoin cash adopts the emergency difficulty adjustment mechanism (EDA), which automatically reces the difficulty by 25% if the number of blocks is less than 6 in the last 12 hours
from the point of calculation power allocation: when BTC and BCH use sha256 algorithm together, miners can decide which kind of mine to dig according to the mining income. In the past three months, whenever the difficulty of BCH is reced and the mining income is greater than BTC, the computing power will flow into the BCH chain, which seriously affects the block speed of the two chains
problems faced by bitcoin cash
BCH has been controversial since its birth. The dispute between BCH and BTC, and the contradiction between miners and core may continue. This is caused by the defects in the design at that time. It is a "congenital disease" and the irreconcilable contradiction after birth, which leads to today's inseparable situation. And with the rising price of BCH, this contradiction may be further intensified.
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