17 million bitcoin

1.

Recently, logic thinking & amp; The video of APP founder Luo Zhenyu talking about his investment in bitcoin was exposed again. In the video, Luo Zhenyu said that because he believed in the trend, he bought 100 bitcoins, which are now worth 3 million

LUO Zhenyu said that the simplest way to invest is: as long as you believe in the trend, you don't care after investing. It's more important to increase your ability to earn money

Unlike all currencies,

bitcoin does not rely on a specific monetary institution. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a 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

on December 17, 2017, bitcoin reached an all-time high of $19850

2. 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. The biggest difference between bitcoin and other virtual currencies is that the total number of bitcoin is very limited and extremely scarce. The total number of bitcoin is about 21 million. At present, 17 million bitcoins have been mined
warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
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3. One of the controversial attributes of bitcoin is its fixed supply. At present, 25 new bitcoins are proced every 10 minutes, and the number is halved every four years. Overall, there won't be more than 21 million bitcoins & gt;. On the other hand, each bitcoin can be divided into 100 million shares (each is called 1 "cong"), if one cent is enough to buy a car, it will be troublesome to trade in US dollars, but even if bitcoin rises to the level of US dollars assumed above & gt; We will not encounter such problems. Therefore, in short, the total number of monetary units that will always exist is 2100 billion, that is 2100 trillion, or 250.899. In the square of choosing this value & gt; In fact, Nakamoto is much luckier or smarter than most people realize. First of all, this number is far less than 264-1, which is the largest integer that can be stored in the form of standard integer in a computer. If it exceeds that value, & gt; The value will return to zero like a odometer
secondly, however, there is a smaller threshold for the total number of "smart": the largest possible integer that can be represented in floating-point format. Integers are not the only numbers that computers can store; To deal with decimals, computers & gt; Use a format for floating point representation. Floating point notation is essentially a binary version of scientific notation. For example, here is a value you will encounter when you study physics:
mass of the earth: 5.972 1024 kg
mass of the sun: 1.989 1030 kg
speed of light: 2.998 108 M / s
light year: 9.460 1015 m
mass of proton: 1.672 10-27 kg
Planck length: 1.616 10-35 m
we can notice that, How does scientific notation allow you to represent all of these values with reasonable accuracy, even though they vary greatly in size. Floating point notation is essentially a binary scientific notation; When you store numbers & gt; When the word is 9.625, what your computer stores is "1.001101
* 1011" (in other words, it stores 0100000000100011
& gt; This is the same thing with high-precision sequence form). In this high-precision form, the coefficient (that is, the part that is not the exponent) has 52 bits. This means high precision (more refined & gt; Double precision floating point number is enough to store up to 253 numbers, but it can't be any higher. If it exceeds 253, you have to start cutting off the numbers at the end. Bitcoin's 250.9, the total number of "smart" in the form of index, is just & gt; OK, below this maximum
if we have integers, why should we care about floating-point values? Because more high-level programming languages (such as JavaScript) do not open low-level "floating point" and "integer representation", but only provide "number" representation for programmers; Concepts
– of course, in floating-point form. If Nakamoto chose 210 million instead of 21 million at that time, bitcoin programming in many languages would be much more troublesome than it is now
note that Stefan Thomas unfortunately didn't notice this in time when he wrote bitcoinjs, so that the library used a special "big number big
number" object instead of an ordinary number to store the tutorial output value; My own bifurcated bitcoin JS (along with other improvements) uses ordinary numbers.