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wholesale swarovski pre-made jewelry Bitcoin is a network virtual currency, and netizens can use Bitcoin to buy some virtual items. Bitcoin is also an exchange tool, and it is also a securitized product.
Bitcoin not only has currency application needs, application scenarios, but also the core of securitization. The so -called core of securitization refers to a form of assets that can be sold by people. This form of assets has a value core on the one hand, and on the other hand, there is a foam of chasing high.
The biggest difference between Bitcoin and other virtual currencies is that its total number is very limited and has a strong scarcity. The currency system has only exceeded 10.5 million in 4 years, and the total number will be permanently limited to 21 million.
The extended data currency can be a general equivalent and material existence, but it can also be directly value itself. The value only exists in the concept and meaning.
So the Bitcoin is not a currency, because Bitcoin as a currency is indeed representing value; it is not a currency, but a referring to the currency, because it still needs to be materialized into numbers and codes. It can be achieved in a computer that is stored in the material. But anyway, it is indeed a general equivalent by some people.
The concept of Bitcoin was initially proposed by Satoshi Nakamoto in 2009. The open source software and constructing P2P networks on it according to the idea of Satoshi Nakamoto are designed. Bitcoin is a P2P form of digital currency. Point -to -point transmission means a decentralized payment system.
Reference information Source: Baidu Encyclopedia-Bitcoin
cheap tiffany jewelry wholesale Bitcoin is a P2P form of digital currency. Bitcoin, also known as "Bit Gold", is a kind of online virtual currency. Netizens can use Bitcoin to buy some virtual items, such as clothes, hats, and equipment in online games. Internet users also have to buy real objects.
For Bitcoin, money is not paid to individuals, but to a private key. This is the fundamental reason for the anonymity of trading, because no one knows who is the owner behind those private keys.
Extension information:
Libly state claims that Bitcoin is illegal. However, this does not mean that Bitcoin is a "legal currency" -Sthe now, only Japan can give the name of Bitcoin. However, just because something is not a legal currency, it does not mean that it cannot be used to pay -it just means that there is no protection for consumers or merchants, and it is completely free to use it as a payment.
It other judicial jurisdictions have different measures. Some smaller countries, such as Zimbabwe, have almost no doubts about exaggerating the legitimacy of Bitcoin. Larger institutions, such as the European Commission, realize that they need to be dialogue and review, and the European Central Bank (ECB) believes that cryptocurrencies are not mature enough to supervise (although Bitcoin has a history of nearly 10 years, but we don’t know It will know that it has reached enough maturity.
Reference materials: Baidu Encyclopedia -Bitcoin
kids silver jewelry wholesale Bitcoin is a genuine currency instead of quasi -currency. Now there is a saying that Bitcoin is not currency, but a quasi -currency.
Puct currency is a currency value. Although it cannot be used directly for circulation, it can be converted into a currency at any time. It is mainly composed of regular deposits, savings deposits, and various short -term credit distribution devices. Obviously, Bitcoin does not meet the above definition.
The current Bitcoin cannot be used in our country to shop is the result of administrative orders. It is not caused by its own nature. Coins are authentic currencies rather than quasi -currencies.
Bitcoin is a long -term contraction and short -term inflation currency
Bitcoin is set to be issued at a fixed rhythm. By 2140, the upper limit of 21 million will not increase, which cannot be changed. Such a design guarantees the scarcity of Bitcoin and also leads to the contraction characteristics of Bitcoin. This characteristic is set up to imitate gold, and is also criticized by many economists like gold, and is considered to be unable to adapt to economic growth.
The hypothesis of putting down the shrinking first is not conducive to whether the economic growth is correct. After the collapse of the Bretton Forest system, although currencies of various countries are no longer linked to gold, gold is still widely accepted as an important international reserve currency. Therefore, shrinkage does not deny the reason for Bitcoin as a currency. Moreover, in a long period of time, Bitcoin is actually in a stage of inflation, and the current inflation rate is about 4%per year. It is believed that economists and financial families in 100 years can come up with better ways to solve the problem of contraction of Bitcoin.
wholesale copper wire for jewelry Unlike most currencies, Bitcoin does not rely on specific currency institutions. According to specific algorithms, it is generated by a large number of calculations. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions. And use the design of cryptography to ensure the security of all aspects of currency circulation. The decentralization characteristics and algorithms of P2P can ensure that the currency value cannot be manipulated by a large number of Bitcoin. Design based on cryptography can make Bitcoin only transfer or pay by real owners. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total number is very limited and has a strong scarcity. The currency system has only exceeded 10.5 million in 4 years, and the total number will be permanently limited to 21 million.
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.
Currency characteristics:
The decentralization: Bitcoin is the first distributed virtual currency. The entire network is composed of users and has no central bank. Decentralization is the guarantee of Bitcoin's security and freedom.
The circulation of the world: Bitcoin can be managed on any computer connected to the Internet. No matter where he is, anyone can dig, purchase, sell or collect Bitcoin.
Exclusive ownership: Controlling Bitcoin requires a private key, and it can be isolated and stored in any storage medium. No one except the user can get it.
low transaction expenses: can be remitted for free Bitcoin, but in the end, a transaction fee of about 1 Bit bit will be charged for each transaction to ensure the faster execution of the transaction.
has no hidden cost: As a payment method from A to B, Bitcoin does not have a tedious limit and procedures. Know the other party's Bitcoin address can be paid.
The cross -platform mining: Users can discover the computing power of different hardware on many platforms.
advantages:
The centralized decentralization. Without the distribution agency, it is impossible to manipulate the number of issuance. Its distribution and circulation are implemented through open source P2P algorithms.
strong.
Bitcoin rely entirely on the P2P network and no distribution center, so it cannot be closed outside. Bitcoin prices may fluctuate and collapse, and multi -country governments may announce it illegal, but Bitcoin and Bitcoin's huge P2P networks will not disappear.
has no borders and cross -border. Cross -country remittances will pass through layers of foreign exchange control institutions, and transaction records will be recorded by multiple parties. But if you use Bitcoin transactions, enter the digital address directly, click the mouse, and wait for the P2P network to confirm the transaction, and a lot of funds will pass. No cross -border transactions will be left without any management and control institutions.
The cottage is difficult to survive.
Since the Bitcoin algorithm is completely open source, everyone can download to the source code, modify some parameters, and re -compilation to create a new P2P currency. But these cottage currencies are fragile and easily attacked by 51%. Any individual or organization, as long as it controls a 51%computing power of a P2P currency network, can manipulate transactions and currency values at will, which will constitute a devastating blow to P2P currency. Many cottage coins are dying on this link. The Bitcoin network is already strong enough. If you want to control the 51%computing power of the Bitcoin network, the number of CPU/GPUs required will be an astronomical number.
Disadvantages:
The vulnerability of the trading platform.
The Bitcoin network is strong, but the Bitcoin trading platform is fragile. The trading platform is usually a website, and the website will be attacked by hackers or closed by the competent authority.
The transaction confirmation time.
When the Bitcoin wallet is installed for the first time, it will consume a lot of time to download the historical transaction data block. In Bitcoin transactions, in order to confirm the accuracy of the data, it will consume some time, interact with the P2P network, and get the transaction after being confirmed by the entire network.
The price fluctuations are great.
The price of Bitcoin exchanged cash due to a large number of speculators involved in a large number of speculators. Make Bitcoin more suitable for speculation, not anonymous transactions.
The public does not understand principles and the resistance of traditional financial practitioners.
The active netizen knows the principle of the P2P network and knows that Bitcoin cannot be manipulated and controlled. But the public does not understand that many people can't even distinguish between Bitcoin and Q coins. "No issuer" is the advantage of Bitcoin, but from the perspective of traditional financial practitioners, the currency of "no issuer" is worthless.
The external evaluation:
Babcoin development enters the "blur period": Most national regulators are both vigilant and cold. For example: The recent report released by Bank of England: When digital currency is fully accepted by the market, it will threaten the British financial system to stabilize.
wholesale fashion jewelry london Bitcoin is currency. In simple terms, Bitcoin is an abstract digital currency. Due to the scarce amount, people are also known as Bitcoin digital gold.
has no distribution center in Bitcoin. All transactions and distribution processes are completed by P2P distributed networks. Speaking of which is very complicated, you can search in Google: Bitcoin Basic Teaching, to understand Bitcoin in the system.