What is Bitcoin? What’s the use?

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Concept of Bitcoin: Bitcoin is actually a virtual currency on the Internet of the last China Middle School. BitCoin was originally proposed by Nakamoto Cong in 2009. It designed and released open-source software and built P2P networks on it according to its ideas. Bitcoin is a P2P digital currency. Point to point transmission means a decentralized payment system.

Bitcoin features: Bitcoin features: First, there is no central bank in circulation around the world. However, Bitcoin is prohibited in Russia. Second: It is securely stored in the user’s storage media. The private key is required and cannot be frozen or tracked. Third: The transaction cost is extremely low. You can pay when you know the other party’s Bitcoin address.

How to acquire Bitcoin: Bitcoin acquisition can be roughly divided into two types: first, transaction, that is, purchase from others. Second, it is production. It is generated through the corresponding network by running Bitcoin clients and doing operations to obtain Bitcoin rewards.

What’s the use of Bitcoin

First: for mobile payment. No need to register, swipe card, enter password and sign for convenient and quick payment through mobile phone, APP, NFC and other functions.

Second: investment and financing. Earn a certain price difference through trading on the trading platform, so as to achieve the role of financing.

Third: It is used to purchase goods or services.

Fourth: As a means of marketing publicity. Dell once supported Bitcoin trading.

Fifth: Bitcoin has exclusive ownership: the private key is required to control Bitcoin, which can be isolated and stored in any storage medium. No one can get it except the user himself.

Sixth: Bitcoin has no hidden costs, and no cumbersome quota and formalities. You can pay when you know the other party’s Bitcoin address.

Seventh: The emergence of Bitcoin has made the world smaller.

What is Bitcoin? What’s the use?
 

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