Goubiyun mining machine
mining is a process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the network. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. However, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks. After the last bitcoin, mining is still necessary.
bitcoin does not rely on specific currency institutions to issue, it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized characteristics and algorithms of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin by mass manufacturing
bitcoin is very similar to cash
the advantages of bitcoin are: no freezing, no tracking, no taxes, and extremely low transaction costs. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
bitcoin, Ethereum, bitcash, EOS, REBO, etc. are the mainstream digital currencies, which can be properly invested. All transactions have risks. You can invest cautiously. You can search online for fire coin, coin security, OK, dobby trading platforms, etc. all of which can trade bitcoin. These are relatively large trading platforms, investing in mainstream digital currencies, and Don't invest in counterfeit money or air money.
Musk said it will fully support dogcoin, because dogcoin is the second largest virtual currency in the world after bitcoin. He also wants to influence the trend of dogcoin through his influence. In the long history of human currency. From physical money to metal money, and then to paper money, although the form of money changes with the development of society and technology, the function of money to buy goods and services has not changed
do you prefer dogcoin or bitcoin
I prefer bitcoin, because bitcoin is a virtual currency recognized all over the world, with very good liquidity and value preservation function. Relatively speaking, the recognition of dogcoin is not very high. It belongs to minority virtual currency, and it is difficult to realize. This is the reason why I like bitcoin