3 thoughts on “What is Bitcoin”

  1. 1. Bitcoin is an electronic coin, digital coin, which is an 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.

    2, Bitcoin does not rely on specific currency institutions, it is generated by a large amount of specific algorithms. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors. Essence 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.

  2. What exactly is Bitcoin?

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  3. 00:00 / 03: 2170% shortcut keys to describe space: Play / pause ESC: Exit full screen ↑: increase volume 10% ↓: decreases by 10% →: Single fast forward 5 seconds studio Here you can drag no longer appear in the player settings to reopen the small window shortcut key description

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