Learn more about Bitcoin in 3 minutes

bitcoinsTwelve years have passed since the creation of Bitcoin. Although the word Bitcoin has appeared widely in the human eye, there are still a lot of people who love Bitcoin.do not understand, is a question of almost three questions.

When people ask about Bitcoin, weHow to introduce Bitcoin quickly and easilywool? Let's quickly understand with Bitcoin for example.

Understanding Bitcoin is very simple, people who understand Bitcoin now are usually just tech users, when it comes to Bitcoin they always throw in a few words and people come and buy"incredible"nce.

This “incredible” public-style sermon usually begins with:

Bitcoin is a digital peer-to-peer platform used by peer-to-peer transmission as a specialized algorithm using peer-to-peer network nodes.

When the time comes, it's like human students who can't find the "way" like a flying head in a math class.

So, how to understand Bitcoin in a simple and easy way?

For example:

Let's say the square dance club says that every time someone comes to dance, 2 more points, no 3 points cut for no reason, and 1 extra point for the dance director to have everyone come and dance as an option . Details of the exchange were recorded by the club's aunt, Wang. Content can be redeemed for freebies like peanuts at the end of the year.

In fact, in real life the role of the bank is the same as that of Aunt Wang -all this is o(Only Aunt Wang keeps the bank details and savings.) When you pay the salary, the bank adds 2,000 yuan to your account, buys a bottle of shampoo and saves 20 yuan, and earns 100 yuan a year. Deposits and transfers deduct 1,000 from your account and add 1,000 to another account. ...

But Banks and Aunt Wang are the tallestthe difference is, Aunt Wang provides free services to everyone, but the bank has to collect our money, card, annual fee, transfer fee. Find out how many skyscrapers the bank has and how many employees it has. You know how much money the bank receives from us.

At this point someone asked, "If someday I don't need a bank or Aunt Wang to save money, can I do it?"

Of course, Bitcoin too!

Bitcoin users can be considered members of the Square Dance Club. The terms of this club are defined as follows:

1. Each default (eg Bitcoin) is 0 2. Community members own a list, and whether or not the list changes, the list is changed every 10 minutes and community owners must notify them more late. update; 3. Everyone in the community has the right to manage the account. As long as you keep your account, you will be rewarded with 50 bitcoins (half every 4 years, now 12.5 bitcoins). 4. Everyone who wants to keep an account has to count the same math problems, and anyone who does the math correctly before being allowed to keep the account. 5. The maximum amount of Bitcoin is 21 million.

We call the process to get account management rights and receive bitcoin benefits as follows:dig the ground.

beforeBitcoin has no value, and only its creator Satoshi Nakamoto can satisfy me. After Satoshi Nakamoto quietly mined over a million bitcoins, people finally started to join the mining group. Since then, some physical stores and websites have started to accept bitcoin as a method of payment, and the demand for bitcoin has increased and the price of bitcoin has increased further.

A little further, we can understand some of the importance of Bitcoin.Characteristics:

1. Decentralization.

It is everyone's responsibility to manage the accounting records without any hesitation in the accounting system, and anyone can make the accounting rules.

2. It cannot interfere with.

Each block is time stamped and each block is connected to the previous block. When you try to change the data in the block, the schedule is different. More than half of the people are ready to join you in "Call a Deer Horse".

3. Open and transparent.

The current funds in each account can be analyzed on the blockchain. When you send someone money, don't worry that they won't receive their money after receiving it. He can clearly remember the blockchain.

4. Internationalisation.

Since Bitcoin is only available on the Internet, all you need to do is work online to send, pay, or buy Bitcoin. Bitcoin wallet mining data shows that Bitcoin is used in over 200 countries around the world, which is more international than the US dollar, RMB, and other currencies.

5. Protection against inflation.

There is no cap on all fiat currency in many countries. The government gives a lot of money every year. Bitcoin's upper limit is 21 million and no one can change it.

With that said, you might want to try calculating the value of Bitcoin. vigorthe price is determined by the price, the more bitcoin users there are, the higher the price. How many Bitcoin users?

Since Bitcoin is an anonymous value, it can only be based on the number of Bitcoin addresses (note: the number of Bitcoin addresses all numbers on Bitcoins).

Maybe:

2009 January 2009: a figure ● May 2012: 1.85 million ● Beginning of 2015: 6 million Hlis May 2016: 12 million ● October 2018: 22.73 million

We hope this article will help your friends understand Bitcoin soon!