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d'bello jewelry wholesale Bitcoin is a kind of online virtual currency that can be used to buy some virtual items, such as clothes, hats, equipment, etc. in online games. Internet users also have to buy real objects.
Different from all currencies, Bitcoin does not rely on specific currency institutions. According to specific algorithms, it is generated by a large number of calculations. Trading behavior and use the design of cryptography to ensure the security of all aspects of currency circulation.
The purchase method of extended data Bitcoin
The user can buy Bitcoin, and at the same time, it can also use a computer to perform a large number of calculations according to the algorithm to "mining" Bitcoin. When the user "mining" Bitcoin, you need to search for 64 -bit numbers with a computer, and then compete with other gold rushing people by repeatedly solving the mystery to provide the number required for the Bitcoin network. A set of numbers, then 25 Bitcoin will be obtained.
Since the Bitcoin system uses decentralized programming, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the upper limit of the circulating bitcoin will reach 21 million. In other words, the Bitcoin system can achieve self -sufficiency, to resist inflation through coding, and prevent others from destroying these code.
Reference materials Source: Baidu Encyclopedia-Bitcoin (virtual currency)
wholesale jewelry bali indonesia Bitcoin is a digital currency. Bitcoin can only be regarded as an e -product in my country. Bitcoin has become a legal currency in Germany. Bitcoin can be regarded as a collectible, and collectors regard Bitcoin as a priceless treasure. Non -collectors regard Bitcoin as worthless characters.
spirit of nature jewelry wholesale Secure Transaction.
The Bitcoin point -to -point network stores all the transaction history in the blockchain. Bitcoin transactions are "bookkeeping" on the blockchain account book, which is usually assisted by the Bitcoin client. The payer needs to sign a digital signature with his private key to prove ownership and recognize the transaction.
Bitcoin will be recorded on the address of the payee. The transaction does not need to participate in the payment party. The destination destination, that is, income, called "output". If there is input, the input must be greater than equal to the output.
The miners 'output transaction is not input, only output, the transaction record will show the newly generated bitcoin (Newly Generated Coins). In addition to the miners' output transaction, one input must be another output of another transaction, that is, it is also the output of another transaction. An income is bound to be the payment of others.
When one input does not become another transaction output, it is "unprepared", that is, "account balance". After the block of this transaction is broadcast, this transaction has "1 confirmation". The average miner generates a block every 10 minutes, and the birth of each new block will add 1 confirmation of this transaction.
In the number of confirmations reaches 6, the transaction is usually considered safer and difficult to reverse. Bitcoin transactions are irreversible, and each transaction cannot be revoked. Merchants do not have to be lost by fraud -style refusal payment. The only way to get a refund is to ask the other party to do a reverse transaction, but the other party needs the other party’s Cooperate.
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In principle of production
It's essence of Bitcoin, the essence of Bitcoin is actually a special solution generated by a bunch of complex algorithms. Special solutions refer to one of the limited solutions that the square group can get.
and each special solution can solve the equation and is unique. If the banknotes are metaphorized, Bitcoin is the crown number of the banknote. If you know the crown number on a banknotes, you have this banknote. The process of mining is to continue to seek special solutions for this equation group through a huge amount of calculation. This equation group is designed to be only 21 million special solutions, so the upper limit of Bitcoin is 21 million.
It to mine Bitcoin can download the dedicated bitcoin computing tool, then register various cooperation websites, fill in the registered username and password into the computing program, and then click the operation to officially start. After completing the Bitcoin client installation, you can directly get a Bitcoin address. When others pay, you only need to put the address to others by yourself, and you can pay through the same client.
In the installation of the Bitcoin client, it will allocate a private key and a public key. You need to backup the wallet data containing the private key to ensure that the property is not lost. If unfortunately, the hard disk is completely formatted, the individual Bitcoin will be completely lost.
Reference materials: Baidu Encyclopedia-Bitcoin
wholesale jewelry los angeles jewelry district Bitcoin has the following two uses:
1. Buy some virtual items. Such as game equipment, backgrounds and clothes weapons in the game, etc.;
2, can be used as swaps of some physical items. Just like we use Renminbi to buy things in real life, Bitcoin can also be used to buy things, and there are also exchanges between it and the renminbi.
It is a virtual currency on the Internet. Although it is not a real coin, it can be used as an equivalent exchange of coins, just like gaming coins. Some equipment in the game.
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Bitcoin consumption method:
1. Many websites for technology players have begun to accept Bitcoin transactions. For example, websites such as Huobi, Binance, OKEX, and some Taobao stores can even accept services such as Bitcoin and US dollars, euros and other services.
2. There is no doubt that Bitcoin has become a real currency instead of virtual currency like Tencent Q coins. There are already special Bitcoin third -party payment companies abroad, similar to domestic Alipay, which can provide API interface services.
3, you can use money to buy bit coins, or you can also be used as mining people. You can use your computer to search for 64 -bit numbers with your computer. By repeatedly decrypting with a computer, competing with other gold rushists, providing the required numbers for the Bitcoin network. If the computer can successfully create a set of numbers, it will get 12.5 Bitcoin.
4, Bitcoin is decentralized. It is necessary to create a fixed quantity of Bitcoin within each unit's calculation time. It can get 12.5 bitcoin every 10 minutes. By 2140, the upper limit of the circulating Bitcoin will reach 21 million. In other words, the Bitcoin system can be self -sufficient, translating into codes to resist inflation and prevent others from destructing.
Reference information Source: Baidu Encyclopedia-Bitcoin