women's jewelry wholesale suppliers The US Federal Court ruled that Bitcoin is a legal currency. What is Bitcoin?

wholesale costume jewelry sales facebook The US Federal Judge ruled today that Bitcoin will be regarded as currency, so all related investment funds and transactions are under the jurisdiction of the US Securities Law and are supervised by the federal judicial system.

[Bitcoin]

Bitcoin (Bitcoin), which is an electronic currency generated by open source P2P software. "Bitkin" is a network virtual currency. Bitcoin does not rely on specific currency institutions. It is generated by a large amount of calculation of specific algorithms. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all trading behaviors. 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.

Bitcoin can be used to fulfill 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.

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 of subsequent subsequent will be permanently limited to 21 million internal virtual currency Bitcoin (Bitcoin) concepts were initially proposed by Satoshi Nakamoto in 2009. Bitcoin is also used to refer to open source software and constructing P2P networks on which Bitcoin designed according to Satoshi Nakamoto's thinking. Unlike most currencies, Bitcoin does not depend on a specific central distribution agency. It uses a distributed database of the entire P2P network node to record currency transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. For example, Bitcoin can only be used by its true owners, and only once, the original owner lost ownership of the sharecoin after the payment was completed.

[Birth of Bitcoin]
On November 1, 2008, a person who claims to be Satoshi Nakamoto posted on a secret cryptography criterion group A discussion statement stated his new idea of ​​electronic currency -Bitcoin was here. One year later, the first transaction of Bitcoin was completed.

Bitcoin exposes the spread of the general ledger to get rid of the constraints of the third -party institution. Nakamoto is called "regional chain". Users are willing to dedicate the CPU computing power and operate a special software to be a "mininger", which will form a network to maintain the "regional chain" together. In this process, they will also generate new currencies. Sales are also extending on this network. The computer running this software scrambles to solve the irreversible code problem. These problems include several trading data. The first "miner" to deal with the problem will be rewarded by 50 Bitcoin, and the related trading area will be added to the chain. Following the addition of the number of "miners", the difficulty of each fan also improves, which keeps the Bitcoin productivity of each trading area maintained at about 10 minutes. In addition, every time it reaches 210,000 areas, the reward is half a fold, from 50 Bitcoin to 25, and then from 25 to 12.5, it has continued. By 2140, Bitcoin will reach the upper limit of the reservation.

The paper was published in 2008. At that time, the government and banks' economic talents were questioned by all parties, and their reputation dropped into the valley. The US government injects a large amount of funds into Wall Street and Detroit Motor Company. The Fed launched the "quantitative easing" policy, which is essentially a large number of Indo -US dollar bills affect the economy and the price of gold has risen. Bitcoin does not need political and finance (that is, they have broken the economy) to ensure -only based on Satoshi Nakamoto's wonderful algorithm. Bitcoin's disclosure not only makes the scammer hiding in nowhere, but also rely on the industry's decision -making circulation to make the Bitcoin supply in the controllable range. The tragedy of inflation will not be performed on Bitcoin.

[Features of Bitcoin]
Bitcoin is anonymous because they are built on a decentralized system. Bitcoin exists completely independently. The outside world cannot close it through some core infrastructure.
"Anonymous" is very useful for those who do not want their names to connect with their purchased products or services. What outsiders see are nothing more than your Bitcoin wallet address and a string of random random random. In addition, text and numbers have no information that can identify my identity. For relatively paranoid users, you can also create a number of new wallets for free
Bitcoin is designed as the right to allow anonymous ownership and use rights. In China, it can also be stored in third -party custody services. No matter what form, Bitcoin can be sent to any person on the Internet through the Bitcoin address. The distributed characteristics of P2P and the design that does not exist in the central management mechanism ensures that it is impossible for any institution to control the value of Bitcoin or make inflation. Its main features are:
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 n 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.
D exclusive ownership
The private key to control Bitcoin, it can be separated and stored in any storage medium. No one except the user can get it.
low transaction costs
It can be remitted for free Bitcoin, but in the end, a transaction fee of about 1 bit of bit will be charged for each transaction to ensure the faster execution of the transaction.
The no hidden cost
The payment means from A to B, Bitcoin does not have a tedious quota and procedures. Know the other party's Bitcoin address can be paid.
The cross -platform mining
The user can discover the computing power of different hardware on many platforms.

[Bitcoin acquisition method]
First of all, your computer should install the latest version of Bitcoin client. After opening the client, all transaction information on the network will be automatically connected to The data is downloaded to the local area, and this process may take several hours according to the different process of the network speed. At this time, the account balance is 0. Users can ask friends to send some coins, but the more feasible way is to make miners mining or to buy businessmen. [6]
The miner mining
The miners to produce Bitcoin with their own computers. There are also mining options in the early client, but it has been canceled. The reason is simple. There are more and more people participating in mining, and you may have to dig for a few years for mining alone. Therefore, the miners generally organize it as a miners' meeting, and everyone can dig it together. For specific mining methods, you can search online. This method is very unrealistic.
The business acquisition
The merchant can use money to acquire coins dug by miners, or to sell a online store to sell Bitcoin, and you can go to the exchange to speculate. There are many websites that provide Bitcoin exchange services, which can almost be exchanged for any currency. If you really don't know how to exchange, you can also come to the old Duan for help.

The difficulty of mining Bitcoin is directly proportional to the amount of currency that has been mined. The more difficult to mining in the future. After the 20 million bitcoin was mined in 2030, the remaining 1 million Bitcoin would likely take decades to be mined. And Bitcoin does not have a central issue agency. It is generated by complex calculations by network nodes. Anyone can run Bitcoin software on the computer to manufacture it. When circulating, enter the quantity 1 on the client software, and then come to the other party's Bitcoin address to sign the password of the payment. After that, this bitcoin was the other party.

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wholesale healing stone jewelry Bitcoin is an electronic currency generated by open source P2P software. Some people translate Bitcoin as "Bit gold", which is a network virtual currency. Bitcoin does not rely on specific currency institutions. It is generated by a large amount of calculation of specific algorithms. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all trading behaviors. 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. Bitcoin can be used to fulfill, 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. 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 of subsequent subsequent will be permanently limited to 21 million internal virtual currency Bitcoin (Bitcoin) concepts were initially proposed by Satoshi Nakamoto in 2009. Bitcoin is also used to refer to open source software and constructing P2P networks on which Bitcoin designed according to Satoshi Nakamoto's thinking. [1] Unlike most currencies, Bitcoin does not depend on a specific central distribution institution. It uses a distributed database of the entire P2P network node to record the currency transa Essence For example, Bitcoin can only be used by its true owners, and only once, after the payment is completed, the original owner will lose the ownership of Bitcoin