January 10, 2019

About Bitcoin(I)

The concept of BitCoin was originally proposed by Satoshi Nakamoto in 2009. According to the idea of Nakamoto, open source software was designed and released, and its P2P network was constructed. Bitcoin is a digital currency in the form of P2P. Point-to-point transmission means a decentralized payment system. Here we go, let us read about the post which new information about Bitcoin.Click Here For More.

Brief

Unlike most currencies, Bitcoin is not issued by a specific monetary institution. Click Here For More. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions, and uses cryptographic design to ensure currency circulation. All links are safe. The de-centralization of P2P and the algorithm itself can ensure that the value of the currency can not be manipulated artificially by making a large number of bitcoins. Cryptographic design allows bitcoins to be transferred or paid only by real owners. This also ensures the anonymity of currency ownership and circulation transactions.Click Here For More.

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