hd wholesale jewelry What is the source of Bitcoin

hd wholesale jewelry What is the source of Bitcoin

1 thought on “hd wholesale jewelry What is the source of Bitcoin”

  1. rhinestone costume jewelry wholesale red The concept of Bitcoin was initially proposed by Nakamoto Satoshi in 2009. The open source software and constructed P2P networks on it according to the idea of ​​Satoshi Nakamoto. Bitcoin is a P2P form of digital currency. Point -to -point transmission means a decentralized payment system.

    . According to a specific algorithm, it is generated by a large amount of calculation. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors, and use the design of cryptography to design the design of cryptography. Ensure the safety of all aspects of currency circulation.

    Bitcoin: Also known as "Bit Gold", it is a kind of online virtual currency. Netizens can use Bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games, etc. There are also situations for buying real items.

    The Bitcoin network generates new Bitcoin through "mining". The so -called "mining" is essentially using a computer to solve a complex mathematical problem to ensure the consistency of the Bitcoin network distributed bookkeeping system. The Bitcoin network will automatically adjust the difficulty of mathematics, so that the entire network will get a qualified answer every 10 minutes. Subsequently, the Bitcoin Network will generate a certain amount of Bitcoin as a bounty and award the answer.

    The value of Bitcoin:

    Different from all currencies, Bitcoin does not rely on specific currency institutions issued. According to specific algorithms, it is generated by a large number of calculations. The economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all trading behaviors, and uses cryptography design to ensure the security of all links of currency circulation. The decentralization characteristics and algorithms of P2P can ensure that the currency value cannot be manipulated by a large number of Bitcoin. Design based on cryptography can make Bitcoin only transfer or pay by real owners. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total number is very limited and scarce.