Digital currency FIS
blockchain is an important concept of bitcoin. Blockchain is a series of data blocks generated by cryptography. Each data block contains the information of all bitcoin network transactions in the past ten minutes, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block. The concept was put forward in the white paper of Nakamoto, which holds the first block, namely & quot; Chuangshi Block & quot
the latest technology application of blockchain: bitcoin technology emerged in 2008, which provides a decentralized credit establishment paradigm without trust accumulation. The essence of blockchain technology is a decentralized and distributed data storage, transmission and proof method. It replaces the dependence of the Internet on the central server with data block, so that all data changes or transactions are recorded on a cloud system. In theory, it realizes the self proof of data in data transmission, This goes beyond the traditional and conventional information verification paradigm which needs to rely on the center, and reces the global & quot; Credit & quot; This kind of peer-to-peer verification will proce a kind of & quot; Basic protocol;, It is a new form of distributed artificial intelligence, which will establish a new interface and sharing interface between human brain intelligence and machine intelligence
the function of bitcoin wallet depends on the confirmation with the blockchain, and an effective inspection is called a confirmation. Usually, a transaction needs to obtain several confirmations. The lightweight (SPV) bitcoin wallet, whose client only needs to store the data related to the user's disposable transactions locally, does not store the complete blockchain
blockchain technology is the core of many encrypted digital currencies, including bitcoin, Ethereum, lightcoin, dogcoin, etc. The ways to maintain blockchain include proof of work (proof of work), proof of stake (POS), authorized proof of stake (dpos), pool verification pool, ripple consensus mechanism, etc. At present, people are exploring a more decentralized rotating witness mechanism.
Since the birth of bitcoin in 2008, it has gone through 10 years. During this period, the price of bitcoin fluctuated greatly, from 1300 bitcoins per dollar to nearly 20000 dollars per bitcoin. Some people get rich to achieve financial freedom, but more people fall into the mire of "speculation"
as a distributed ledger, bitcoin is an accounting method created to solve point-to-point transactions. Why is bitcoin LED digital currency valuable? Why is the fluctuation of value so big? Who will decide the price fluctuation? Let's explore the problems one by one
People's explanations for the volatility of currency market can be divided into three categories: 1. People compare the psychological expectation of special currency; 2; 2. The influence of regulatory policies on good and bad news; 3. Big families smash or pull the platehowever, each of these three explanations has been proved to be inaccurate countless times in the operation of "leeks". People's psychological expectations of bitcoin are usually inconsistent with the rise and fall of the currency market. The most serious seven departments, including the central bank, issued an announcement on preventing the financing risk of token issuance. Within three days, bitcoin dropped from a high of 32500 yuan to about 27000 yuan, Ethereal currency fell from 2520 yuan to 1890 yuan, then rose slowly, but did not collapse as people predicted
According to a new research concted by chainalysis, a blockchain research company, big bitcoin investors are not the main culprit of the sharp fluctuations in the price of bitcoin. Chainalysis takes the 32 e-wallets with the largest number of coins as the observation object, and estimates that its total amount of coins is 1 million bitcoins, with a value of as high as US $6.3 billion