Is bitcoin huakejin

1. bitelement was born in January 2014 and upgraded to the second generation bitelement in September 2014, with an initial total release of 200 million. The second generation bitelement has made great innovations in algorithm, function and security, especially in mining and trading under the mechanism of multi signature and short message verification, providing effective security protection for users' virtual currency assets, which may be the first in the world<
   
   multi signature:
   the new bitcoin wallet introces the multi signature mechanism of bitcoin and redefines a new storage method, so as to achieve a higher security level. This is the core content of this update wallet, which makes payment and mining very safe
   
   under the multi signature mechanism, a bit element address has two private keys. To transfer money from this address, the two private keys need to be co signed before the transaction can be completed. There is a private key in the client's bitelement wallet, and the second private key is stored in the server of bitelement official website (or other trusteeship organization) (only the user's password can be decrypted and can be used only by SMS verification). The hacker must attack the two computers at the same time and obtain the password used by the user to decrypt the server's private key, so as to steal the user's virtual currency, The difficulty is greatly increased

3. bitcoin (bitcoin: bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals< br />

Bitcoin is a virtual encrypted digital currency in the form of P2P

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

unlike all 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 the 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

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features of bitcoin:

1. Circulation around the world: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin

2. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself

3. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution

Bitcoin was originally a kind of network virtual currency, similar to Tencent's q-coin, but it has been able to buy real-life goods