How does bitcoin trade and how does it work
the principle of bitcoin mining is to implement rules made by people and automatically executed by computers
Satoshi Nakamoto, the inventor of bitcoin, has stipulated this rule from the very beginning, and those who participate in bitcoin blockchain must automatically abide by it unconditionally
The content ofrules is generally ,
people who pack the circulation data of bitcoin, arrange it into a fixed size, and then upload it to the blockchain for bitcoin whole network synchronous broadcasting can get 50 bitcoins rewarded by the system
under certain conditions, these rewards will be halved, about once every four years
so how to complete the data packing
the person who wants to complete this action must first have the necessary tools, that is, the software to execute the bitcoin blockchain, and the machine (computer at the beginning) to run the software; Then download and save all the bitcoin transaction data that have been recognized by the whole network. At this time, you become a "node" and a part of protecting the blockchain data
Thenode can only get the priority of the packaged data after running a specific mathematical formula and getting the correct answer. The system will automatically give the reward to the node who gets the priority, who completes the packaging first and then uploads it to the blockchain, and receives and approves it from other nodes
if there is bitcoin service charge in the packaged transaction, the service charge belongs to the node
people think that the process of calculating the mathematical formula and then completing the package to get the reward is just like fishing for gold in the river. It is necessary to discard many wrong answers in order to find the right key to get gold, so people compare this process to mining
so bitcoin mining is not really to dig something, or to use computers to constantly collide and guess. Whoever guesses first wins the reward, that's all
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press
Bitcoin mining is a process of using computer hardware to do mathematical calculation for bitcoin network to confirm transactions and improve security
First, register the fire coin, this is the registration link
Web link
and then download the fire coin from the app store. Pay attention to the third one, fire coin Pro
blockchain is a technology, and the financial procts grafted on it are digital currency, such as bitcoin, lightcoin, Ethereum, etc. To be polite, blockchain oil futures trading should be a gimmick. To be polite, it's a liar.
In short, the principle of brick Arbitrage: buy low and sell high, buy money from the place with low price and sell it at the place with high price, that is to earn the price difference of different platforms
but there are three risks in moving bricks:
A. time difference of currency transfer: it takes a certain waiting time to pick up or deposit the currency, so it may miss the best trading time
B. currency price fluctuation: if the currency price fluctuation is relatively large and the process of moving bricks has not been completed, the price difference has disappeared
C. platform problems: some trading platforms may shut down services from time to time, or even run away
principle: carry out brick arbitrage on two platforms at the same time to avoid the risk of "time difference of currency transfer" and "currency price fluctuation"
before moving bricks: the brick moving platform must support the same currency transaction, and the brick moving platforms must be able to transfer currency to each other
Step 1: price difference calculation. There are handling charges for currency trading and currency transfer, so you have to calculate the cost according to your own funds. Only when the price difference reaches how much can it be profitable to move bricks
Step 2: simultaneous operation. Buy BTC on the low price platform and sell BTC on the high price platform. At this time, the number of BTC holdings remains unchanged and the number of usdt increases You need to pay attention to transaction fees.)
Step 3: balance funds. It is difficult to predict which platform has a lower price and which has a higher price e to the price difference. Therefore, the two platforms that move bricks need to prepare usdt and BTC. When the price difference appears, it is convenient to move bricks There are also handling charges for cross platform currency transfer.)
the above is the principle and steps of risk-free arbitrage using BTC and usdt. It also has a big name: quantitative hedging. The fundamental purpose is to earn usdt, not BTC
You can take a closer look at this: Web links1. I now have a 100 yuan personal name coin in my hand Bitcoin)
2.. Who cares about the official account? But you need to guess the number of the money in the comments Mining, random filling, numerical solution)
try your best to guess, and you get 100 yuan in full - personal mining
pay money to gather some people to guess together - mining field
gather people you don't know to guess together, and allocate the 100 yuan in proportion through the number of guesses -
the above is a simple example of analogy, of course, You followed and guessed the number of 100 yuan in my pocket, I promise you. So what's going on with bitcoin mining
Author: leaf
2. Bitcoin mainly uses ECDSA, that is, elliptic curve signature algorithm. This algorithm has two characteristics, which are very important to the following
3. Bitcoin has no wallet, only transaction bill, and the whole bitcoin is transaction bill
4, It's a public key