Original Title: What Exactly Is Bitcoin?
Today we are going to take a look at the world of bitcoin. Bitcoin is a virtual firecurrency, which has been called the greatest mystery of the 21st century. The main reason is that it involves the traditional financial market. Originally, when we are in that country, we use the currency of that country to make payment. For example, when I am in China, I use USD, and when I am in America, I use USD and so on. But if you buy something with US dollars in China, it is very troublesome, you need to go to the bank to change US dollars into USD, and when you go to the bank to exchange, the bank will charge some commission.
At this time, some people would think that if the world had a single currency, there would be no such problems. As for Bitcoin, it entered people’s world at this time and was equivalent to a global currency. However, this bitcoin was not issued by the state and did not have the endorsement of national credit, because this feature was opposed by many countries. Because if any country recognizes or uses this currency, it will lose the issue and control of the currency, which is a situation that no country wants to see.
Now many countries do not recognize bitcoin as a currency, but because of the influence of Bitcoin, say that bitcoin is a commodity, just like gold, silver, anyone can hype this commodity. So why doesn’t the state stop Bitcoin, one might ask.
In fact, bitcoin, you can not stop, bitcoin is in 2008 in the United States, there is a person called Satoshi Nakamoto published a paper on the academic forum, this paper is the financial attributes of bitcoin and the structure of the system, this time caused the attention of many top engineers, began to try to follow his paper, make up this procedure, In the efforts of many big guys, bitcoin finally appeared, and began to operate in 2009, and very perfect, the first batch of production of bitcoin into Satoshi Nakamoto’s account, all people see can operate, began to mine.
Simply understand that mining is a piece of software, open the software and let it work every day, in order to obtain Bitcoin. And in order to keep bits precious and rare, the number of bits was set at a constant 21 million. As time goes on and more people mine, your chances of getting Bitcoins get smaller and smaller. At this time, there are more professional mining tools (mining machine), and according to the configuration of different, the price is different. What’s more, it consumes a huge amount of electricity every day. As a result, ordinary people are moving further and further away from Bitcoin.
Since Bitcoin does not belong to any country or government, its currency property will not be affected by any situation, even if there is war and other natural and man-made disasters, it will always keep its value, and the quantity is constant 21 million, so as to guarantee its value. The second is because of its security, Bitcoin is more secure than any APP we know, it is a string of encrypted numbers, even if you lose it, you will not be able to find it. In these terms, Bitcoin is excellent. “Like” and “forward” (wechat public account: igniting the fire of time)
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