1 thought on “How to understand Bitcoin”

  1. Bitcoin is a digital currency with a constant total amount of 21 million. It has the characteristics of decentralization, globalization, and anonymity like the Internet. Transfer to the other end of the Earth is as simple, low -cost, and no restrictions as sending emails. Bitcoin is therefore used in cross -border trade, payment, remittance and other fields.

    Bitcoin is a type of electronic cryptocurrency based on decentralization, global universal, no third -party institutions or individuals, and based on blockchain as payment technology. Bitcoin was founded by Nakamoto on January 3, 2009. Based on a non -border -based peer -to -peer network, it was founded with consensus initiative open source software. It is the ancestor of cryptocurrencies and blockchain. Cryptocurrency. Anyone can participate in Bitcoin activities and be issued by computer operations called mining. The upper limit of the Bitcoin agreement is 21 million to avoid inflation. The use of Bitcoin is a digital signature through the private key, allowing individuals to pay directly to others. They do not need to pass third -party institutions such as banks, liquidation centers, and securities companies, thereby avoiding the problem of masterpieces, tedious processes, and regulatory issues.
    In the eight years of birth, Bitcoin, as an unprecedented new currency, has gone through countless market tests and technical attacks, and has always stood up. Now Bitcoin has grown into a currency system that has millions of users around the world, tens of thousands of merchants accept payment, and a market value of up to hundreds of millions of dollars.

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