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Is bitcoin trading instantaneous

Publish: 2021-03-28 10:22:56
1. bitcoin receives payments almost instantaneously. However, there is an average delay of 10 minutes before the network starts adding your transaction to a block to confirm the transaction and that you can use the received bitcoin. Confirmation means that there is a consensus on the Internet that the bitcoin you receive is not used to pay others, so it is recognized as your property. Once your transaction is included in one block, all subsequent blocks will include it, which will greatly consolidate this consensus and rece the risk of transaction cancellation. Each user can determine the time when the transaction is confirmed, but generally speaking, receiving six confirmations is as safe as waiting six months after a credit card transaction
anyone can become a bitcoin miner by running software on specialized hardware. mining software monitors transaction broadcast through P2P network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners can earn transaction fees paid by users to speed up transaction processing and additional bitcoin issued according to fixed formula

new transactions need to be included in a block with mathematical workload proof before they can be confirmed. This kind of proof is hard to generate because it can only be generated by trying billions of calculations per second. Miners need to run these calculations before their blocks are accepted and rewarded. As more people start mining, the difficulty of finding effective blocks will be automatically increased by the network to ensure that the average time to find a block remains at 10 minutes. Therefore, the competition for mining is very fierce, and no indivial miner can control the content contained in the block chain
workload proof is also designed to rely on previous blocks, which forces the time sequence of block chain. This design makes it extremely difficult to cancel previous transactions, because the workload proof of all subsequent blocks needs to be recalculated. When two blocks are found at the same time, the miner will process the first block received, and once the next block is found, it will be transferred to the longest block chain. This ensures that the mining process maintains a global consistency based on processing capacity
bitcoin miners can neither increase their rewards by cheating, nor deal with the fraulent transactions that destroy the bitcoin network, because all bitcoin nodes will reject the blocks containing invalid data that violate the bitcoin protocol rules. Therefore, even if not all bitcoin miners can be trusted, the bitcoin network is still secure
if you still don't understand, go to bitcoin home to see the deeper understanding of netizens.
2.

Yes, very much

let's take an example:

get up a little hungry in the morning and go out to buy a pancake to eat

the pancake seller said: 0.000001 bitcoin, please pay

You say: OK. 0.000001 bitcoin has been paid, please confirm

After

1 minute: please confirm

After

2 minutes: please confirm

After

3 minutes: please confirm

After

10 minutes: please confirm

As a result, the boss finally confirmed

just now, because your blockchain fork is confirmed to be invalid, the transaction was unsuccessful. Please pay 0.000001 bitcoin again

you said: mlgb, it's too hard. But I have already eaten it. I can't help it. Pay again. Please confirm

After

1 minute: please confirm

After

2 minutes: please confirm

After

3 minutes: please confirm

After

10 minutes: please confirm

As a result, the boss finally confirmed

just now, because your blockchain fork is confirmed to be invalid, the transaction was unsuccessful. Please pay 0.000001 bitcoin again

you say: boss, I'm wrong. Shall I spit out the pancakes for you

So it can't be used

At present, everyone is short selling

Write an article tomorrow and tell us about it. See my blog: Tech help - Xiaocui says blockchain: how does bitcoin's Curse of wealth justify itself

3. For the poor, it's good. All the games are taken. It's just that high-end games have the lowest special effects. Not bad money, get a gtx1080, cool.
4.

According to bitcoin China's announcement, the platform will stop withdrawing cash at 12:00 noon on October 30. So far, bitcoin China has closed all trading functions

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. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar

5.

bitcoin lost $32000 and nearly 59000 people burst their positions in 24 hours. I think this is a normal situation. High yield is faced with high risk. Bitcoin has increased tens of thousands of times in more than ten years. It is normal to adjust. There is nothing that only goes up but not down. Speculation is inherently risky

bitcoin has become a symbol of wealth. People who can hype bitcoin basically have very strong financial strength. After all, the price of bitcoin is more than 180000 yuan converted from 32000 US dollars. Most people can't afford to buy bitcoin, let alone play with it. Bitcoin lost $32000 and nearly 59000 people burst their positions in 24 hours. I think this is a normal phenomenon. It gives investors a lesson on risk. They should not only want to make money, but also consider risk. After all, the most important thing in investment is to ensure the safety of capital. Bitcoin has gone up a lot. I don't recommend ordinary people to participate

Do you want to buy bitcoin

I will not participate in bitcoin. The high yield of bitcoin corresponds to high risk. Moreover, bitcoin has gone up a lot and its valuation is not cheap. At this time, ordinary investors are not recommended to participate. The risk is greater than the yield, and I will not buy bitcoin

6. Yes, I think so. Bitfirst bitcoin platform can monitor in real time.
7. It may also be because it can't stop the development trend and it needs to be decentralized
8. Some of my friends are in Korea
9. LSE has no integer multiple limit on the number of stock transactions. Even a few shares can be traded freely. For example, as small as 1 share, 26 shares, as large as 10000 shares, and so on. At the same time, there is no day + 1 limit. What you buy on the same day can be sold on the same day

you can check indivial stocks through the UK stock website, but you can only check FTSE FTSE 100 index instead of foreign stocks in China
IPO refers to the process in which an enterprise issues additional shares to investors through the initial public offering of a stock exchange in order to raise funds for enterprise development. When a large number of investors subscribe for new shares, they need to allocate shares in the form of drawing lots, also known as drawing new shares. The investors who subscribe expect to sell them at a price higher than the subscription price. Under the Chinese environment, listing can be divided into Chinese companies listing in China or Shenzhen Stock Exchange (A-share or B-share), and Chinese companies directly going to overseas stock exchanges (such as New York Stock Exchange, NASDAQ Stock Exchange London Stock Exchange (H shares) and Chinese companies indirectly set up offshore companies and list them on overseas stock exchanges in the name of the offshore company (red chips).
10. Yes, OK. Many currencies support it
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