What constellation is Bitcoin _ What constellation is Bitcoin?

What is Bitcoin and how did it come into being?

Bitcoin is not a real currency, but a kind of digital currency produced by Internet technology. The concept of Bitcoin was first put forward by Satoshi Nakamoto on June 5438+065438+ 10/day, 2008, and was officially born on June 5438+1 0/3, 2009.

Characteristics of Bitcoin:

1. Its characteristic is decentralization;

2. It is characterized by globalization;

It is characterized by anonymity.

[Extended information]

Unlike most currencies, Bitcoin is not issued by a specific monetary institution. It is generated by a large number of calculations according to a specific algorithm. 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. The decentralized features and algorithms of P2P itself can ensure that the currency value is not manipulated by making a large number of bitcoins. The design based on cryptography can make bitcoin only transferred or paid by the real owner. This also ensures the anonymity of currency ownership and circulation transactions. The total amount of bitcoin is very limited and very scarce. The monetary system once did not exceed/kloc-0.05 million for four years, and then the total amount will be permanently limited to 2/kloc-0.05 million.

Trading means

Bitcoin is electronic cash similar to email. Both parties need a "bitcoin wallet" similar to an email address and a "bitcoin address" similar to an email address. Just like sending and receiving e-mail, the sender pays bitcoin directly to the recipient's address through a computer or smartphone.

consumption pattern

Many websites for technology players have begun to accept bitcoin transactions. For example, websites such as Huobi, Qian 'an and OKEx, as well as some Taobao shops, can even accept services such as exchanging bitcoin for dollars and euros. There is no doubt that Bitcoin has become a real currency, not a virtual currency like Tencent Q coins. There are specialized third-party payment companies abroad, similar to domestic Alipay, which can provide API interface services.

You can buy bitcoin with money, or you can be a miner, and you can "mine" by searching 64-digit numbers with a computer. Through repeated decryption by computer, it can compete with other gold diggers to provide needed numbers for Bitcoin network. If the computer can successfully create a set of numbers, it will get 12.5 bitcoins. Bitcoin is decentralized, and a fixed number of bitcoins need to be created per unit computing time, that is, 10 minutes can get 12.5 bitcoins. By 2 140 years, the maximum circulation of bitcoin will reach 2 1 10,000. In other words, the bitcoin system can be self-sufficient, and translated into code can resist inflation and prevent others from destroying it.