lead and nickel free jewelry wholesale What are the principles of Bitcoin and blockchain? What's wrong with mining machine mining?

wholesale mens accessories jewelry Bitcoin is based on a digital currency Bitcoin generated by a specific algorithm is equivalent to digital gold. Gold as a general equivalent of the general equivalent, naturally has currency attributes, and has been regarded as a circulating currency since ancient times. Bitcoin was born in 2009 and was created by a person named Nakamoto. As the earliest digital currency, it can be said to be worthless at the beginning. The reason why Bitcoin becomes a valuable digital currency has the following reasons:
First of all, it is like gold. As a natural mineral, the total amount is limited. If it cannot be over -issued, it will not cause the currency to depreciate rapidly due to the abuse of the currency. The number of Bitcoin is controlled by no more than 21 million due to the algorithm, which cannot be issued in large quantities, so that its value is guaranteed.
Secondly, Bitcoin transactions are different from ordinary currency transactions and have certain hiddenness. You can find Bitcoin from one wallet to another, but you can’t know who it belongs to, so Bitcoin’s To a certain extent, transactions are both transparent and hidden, so Bitcoin also appears in many illegal transactions. To a certain extent, Bitcoin has a demand market.
Although Bitcoin and gold are similar, it is still different from gold. As a mineral, gold is valuable in itself, and Bitcoin does not have A large number of digital currencies, many digital currencies, due to human factors, have huge prices, and Bitcoin, as a type of digital currency, is not an indispensable.
The blockchain is formed by the combination of blocks. It is similar to Bitcoin to generate a block every 10 minutes. Many transaction information is recorded here. Everyone has a ledger in the hands. Each transaction needs to be compared with each person and confirms the correct information to succeed. With the generation of the block, the algorithm will also generate a certain digital currency. The new digital currency will be randomly divided into those participating in the bookkeeping. Essence

bulk wholesale jewelry making supplies Blockchain technology is the underlying technology of Bitcoin, and it is also the core and infrastructure of Bitcoin. Bitcoin mining machines are hardware equipment used for Bitcoin mining. 2 Bitcoin mining is simply using the hardware equipment of Bitcoin mining to calculate mathematics problems. It is indeed online transactions to ensure the security of the entire Bitcoin network system. You can get a certain Bitcoin reward for reward. The bitcoin of the mining house itself is a property.