Why bitcoin is used in crowdfunding

1. 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
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. 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 cryptography design 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.

2. Only Nakamoto himself knows that other people can't get the real answer

bitcoin is the first currency to realize the concept of "secret currency". In 1998, Wei Dai first expounded the concept of "secret currency" in cypherpanks mailing list, that is, a new form of currency that uses cryptography principles to control the issuance and transaction of currency, rather than relying on the central management organization. In 2009, Satoshi Nakamoto published the first bitcoin specification and its proof of concept in the cryptography mailing list. At the end of 2010, Nakamoto left the project and did not disclose much about his identity. Since then, many developers have devoted themselves to bitcoin projects, and the bitcoin community has grown rapidly
Nakamoto's anonymous identity often leads to groundless worries, many of which are related to the misunderstanding of bitcoin's open source features. Bitcoin's protocol and software are published publicly. Any developer around the world can view its code or develop their own modified version of bitcoin software. Just like current developers, Nakamoto's influence is limited to the changes he makes that are adopted by others. Therefore, Nakamoto does not control bitcoin. So, today, the question of the identity of the inventor of bitcoin may be the same as that of the inventor of paper
up to now, bitcoin is only a small-scale large-scale socialization experiment, while Ruitai coin and Qianjin card are the experimental objects of bitcoin.

3. Bitcoin is invented by a hacker. It is generated by a large number of calculations on a computer, rather than issued by an institution. Therefore, bitcoin, as a virtual currency, is universal and its price is not affected by an institution or company. The process of procing bitcoin is the computer's incessant calculation. The process of procing bitcoin has an image called "mining", which is like a physical object. Therefore, its value has been growing, and it is favored by hackers (not only hackers, but also investors). In addition, the transaction of bitcoin is anonymous. If the hacker chooses a bank account, there is a risk of being traced, so the hacker will choose bitcoin for blackmail.

4. blockchain is a public database designed for bitcoin, a digital cryptocurrency. It records every transaction on the network in chronological order, which makes bitcoin very secure and avoids centralized verification. Blockchain is the technical basis for the existence of bitcoin, and also the technical guarantee for the authenticity and reliability of bitcoin transactions< However, blockchain technology is not limited to bitcoin. Today's experts are considering whether it can be used to track the flow of electrons in a distributed grid. Of course, there are also some domestic enterprises testing the water blockchain projects, such as the crowdfunding of digital currency in China.

5. Bitcoin is used to launder money in many places, so you know. Therefore, in China or many countries, this kind of currency cannot be recognized

6. Blockchain technology is the underlying technology of bitcoin. Bitcoin has been running without any centralized organization operation and management. Later, bitcoin technology was abstracted out, which is called blockchain technology or distributed ledger technology. It can be said that bitcoin is the first application of blockchain and will be extended to more and more instries in the future
bitcoin is the leader of virtual currency and has the reputation of digital gold. Its value lies in its network. We can connect to the global payment network in real time. It can send large or small amount of funds to any person, any place, any time, for any purpose, and complete the transaction without obtaining or sharing any person's private information. Using utomarket makes digital currency transaction easier.

7.

Bitcoin was born on January 3, 2009, which has a history of 10 years. The value of bitcoin has soared from zero to US $19850, the highest point in 2017. And most people have been concerned about cryptocurrency and bitcoin since then. Before that, most people would think that bitcoin was just an "internet currency", similar to q-coin

bitcoin is the leading cryptocurrency, which has been the absolute consensus in this instry. Looking back over the past few years, among the top ten cryptocurrencies in terms of market value, only bitcoin has always been the first, and the remaining counterfeit currencies are all in the past

8. Bitcoin, to put it bluntly, is nothing. You can't take him to the supermarket. There's only one circle that wants to buy and sell. It's fried. It's just that every bitcoin is unique