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top beads jewelry wholesalers The concept of Bitcoin was initially proposed by Nakamoto Satoshi in 2009. The open source software and constructed P2P networks on it according to the idea of Satoshi Nakamoto. Bitcoin is a P2P form of digital currency. Point -to -point transmission means a decentralized payment system.
Different from most 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 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.