ocean inspired jewelry wholesale What is the Bitcoin?

china ultrasonic jewelry dust remover wholesale 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.
Bitcoin can be used to be fulfilled and can be exchanged for currency in most countries. Users can buy some virtual items with Bitcoin, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, it can also use Bitcoin to buy items in real life. The biggest difference between Bitcoin and other virtual currencies is that its total number is very limited and has a strong scarcity.
The monetary system has only no more than 10.5 million in 4 years, and the total number will be permanently limited to 21 million. The concept of virtual currency Bitcoin was initially proposed by Nakamoto in 2009.

wholesale sterling silver jewelry wholesale jewelry supplier Bitcoin is an electronic coin and digital coin generated by open source P2P software. It is a network virtual asset. Bitcoin is also translated as "Bitkin". Bitcoin is based on a set of password codes and generated through complex algorithms. This rule is not interfered by any individual or organization, and is decentralized; anyone can download and run the Bitcoin client to participate in the manufacture of Bitcoin; To achieve circulation, to check repeated consumption through the P2P distributed network. The generation and consumption of each Bitcoin will be recorded through the P2P distributed network and inform the entire network, and there is no possibility of forgery.

Bitcoin does not rely on specific currency institutions. It is generated by a large amount of calculation of specific algorithms. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions. The decentralization characteristics and algorithms of P2P can ensure that it is impossible to control the currency value by making a large number of Bitcoin. Design based on cryptography can make Bitcoin only transfer or pay by real owners. This ensures the anonymity of currency ownership and circulation transactions. The following is a doctor's answer to some hot questions. I understand it after reading it. You can take a look. [What is Bitcoin? ] The calculated content is to find a string that satisfies some hash results, and the way to find almost only one string to try it.

[What is hash? ] Hash (hash) is a mapping of a string to one (many but limited digits). This mapping is usually designed to not be calculated in reverse. In other words, tell you a number n, it is difficult for you to calculate a string S, so that hash (s) = n.

[Why can it be have? ] In theory, everything that is not easy to get and easy to save for a long time can be used as currency.

[Why must be hash? ] Not necessarily, there are many other electronic currencies. The emergence of Bitcoin was just an anonymous article on the Internet. Some people think that Bitcoin is designed by scientists who engage in Crypto. In order to promote Hash algorithm acceleration ...

[Is Bitcoin a commodity or currency? ] This question is still arguing. Bitcoin is theoretically designed as currency. In fact, it also has the nature of some currencies (it is used for general exchange), but it has not yet reached the degree of generals of the currency (the items and scenes that can be traded are limited), and there is no other other The macroeconomic regulation of currency (because no one can control the speed of banknote issuance).

[What are the practical use of calculations? ] The calculation itself has no practical use, the biggest and only actual use is to exchange.

[Since it is not useful, is it so hard for it? ] The design of Bitcoin with free governmentism: Design a currency makes the central bank not require the central bank and there will be no central bank. This is the real price that needs to be paid at present.

[Anarchy ideal is the ideal of justice? 】 Very good question. But I still can't answer, so let's come here first.