CC mining digital currency
mining is a nickname for the exploration method of acquiring bitcoin. Because of its working principle is very similar to mining minerals, so named. In addition, bitcoin explorers who do mining work are also known as miners
bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system
bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network can get a qualified answer about every 10 minutes
then the bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer
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to be a miner, just "mine" bitcoin and search for 64 bit numbers by computer. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network
if the computer can successfully create a set of numbers, it will get 25 bitcoins. Bitcoin is decentralized. It needs to create a fixed number of bitcoins per unit of computing time. It can get 25 bitcoins every 10 minutes
by 2140, the upper limit of bitcoin in circulation will reach 21 million. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging< br />
trading mining online time: June 2018
Project Introction: bit-z, founded in Hong Kong in 2016, provides digital asset trading and OTC (over-the-counter trading) services
dividend method: "transaction mining". Users who participate in the transaction can get a refund of service charge (in the form of equivalent BZ, and need to complete three-level certification); Each phase of 10 million BZ will be released step by step, and each phase of 10 million BZ will automatically enter the next phase. The return ratio of each period will decrease by 3%
total number of tokens issued: 1.2 billion BZ.
the simplest digital currency that can be found is directly referred to the exchange for cash after it is found.
it's very refreshing.
learn about the coin exchange network. You can also mine for free. There is a mining tutorial.
2. Digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
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U.S. dollar is another name of U.S. dollar. Why is U.S. dollar also called U.S. dollar. The Bretton Woods enlightenment came at the end of the Second World War
In July 1944, more than 300 representatives from 44 countries held the "UN International Monetary and financial conference" in Bretton Woods, New Hampshire, U.S.A., and adopted the final resolution of the UN monetary and financial agreement as well as the International Monetary Fund Agreement and the international bank for reconstruction and development agreement, Thus, the Bretton Woods system centered on US dollar was establishedestablish the International Monetary Fund to negotiate international monetary affairs and provide financing support for the short-term balance of payments deficit of member countries; The US dollar is directly linked to gold, and the currencies of various countries are linked to the US dollar (i.e. "double pegging") to implement an adjustable fixed exchange rate system. Because of the history of pegging US dollar to gold, it is customary to call us dollar US dollar
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the direct link between us dollar and gold is one of the two main contents of the Bretton Woods system. According to the international monetary fund agreement adopted in Bretton Woods, New Hampshire in July 1944, all countries must confirm the official price of gold of US $35 per ounce stipulated by the US government in 1934, which is the basis of the international monetary system
the U.S. government undertakes the obligation of governments or central banks to exchange U.S. dollars for gold at this official price, while governments of all countries must assist the U.S. in maintaining the official price of gold and cooperate with the U.S. government to intervene when the price of gold is impacted. The direct link between us dollar and gold makes us dollar equal to gold and establishes US dollar's central position in the Bretton Woods system