taxco jewelry wholesale Introduction to Bitgai Digital Currency Platform?

buying wholesale jewelry for resale The concept of Bitcoin was initially proposed by Satoshi Nakamoto on November 1, 2008, and was officially born on January 3, 2009 [1]. According to the open source software and constructing the P2P network based on Satoshi Nakamoto's thinking. Bitcoin is a virtual encrypted digital currency in P2P form. Point -to -point transmission means a decentralized payment system.
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 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.
On December 17, 2017, Bitcoin reached a historical highest price of $ 19,850. On July 27, 2020, Bitcoin exceeded the $ 10,000 mark again [2].
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Bitcoin
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bitcoin
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What is it?
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In the exchange from objects to Bitcoin
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2008 broke out in the global financing crisis. The people of Satoshi Nakamoto published the Bitcoin white paper "Bitcoin: A Point -Patient Electronic Cash System" on the P2P website [6], which stated his new idea of ​​electronic currency -Bitcoin was available. On January 3, 2009, Bitcoin Creation Block was born.
The
Bitcoin
Compared with the legal currency, Bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Moreover, it can be circulated around the world. You can buy and sell on any computer accessing the Internet. No matter where you are, anyone can dig, purchase, sell or collect Bitcoin, and foreigners cannot identify user identity information during the transaction. On January 5, 2009, Bitcoin was not controlled by the central bank and any financial institution. Bitcoin is a digital currency, which is composed of a string of complicated code generated by a computer. The new Bitcoin is manufactured through the preset program.
Whenever Bitcoin enters the vision of the mainstream media, the mainstream media will always ask some mainstream economists to analyze Bitcoin. Earlier, these analysis is always concentrated on whether Bitcoin is a scam. And today's analysis is always concentrated on whether Bitcoin can become the mainstream currency in the future. The focus of the controversy is often concentrated on the contraction characteristics of Bitcoin. [7]
The bitcoin players are attracted by Bitcoin that cannot be issued at will. Contrary to the attitude of Bitcoin players, the attitude of economists to a total of 21 million fixed amounts of Bitcoin is polarized.
The economists in the Kanes School believe that the government should actively regulate the total currency and use the relaxation of monetary policy to refuel or brake the economy in a timely manner. Therefore, they believe that the total currency of Bitcoin has sacrificed regulatability, and what is worse is that it will inevitably lead to deflation and harm the overall economy. The views of the Austrian school economists are completely the opposite. They believe that the less the government's intervention in currency, the better, and the deflation caused by the fixing of the total amount of currency is not a big deal, even the sign of social progress.
The Bitcoin network generates new Bitcoin through "mining". The so -called "mining" is essentially using a computer to solve a complex mathematical problem to ensure the consistency of the Bitcoin network distributed bookkeeping system. The Bitcoin network will automatically adjust the difficulty of mathematics, so that the entire network will get a qualified answer every 10 minutes. Subsequently, the Bitcoin Network will generate a certain amount of Bitcoin as a block reward, and the reward will receive the answer. [6]
In 2009, when Bitcoin was born, the block reward was 50 Bitcoin. 10 minutes after birth, the first batch of 50 bitcoin was generated, and the total currency at this time was 50. Bitcoin then increased at a rate of 50 minutes every 10 minutes. When the total amount reaches 10.5 million (50%of 21 million), the block reward is halved by half. When the total amount reached 15.75 million (new output of 5.25 million, that is, 50%of 1050%), the block reward was reduced by half to 12.5. The currency system has only exceeded 10.5 million in 4 years, and the total number will be permanently limited to about 21 million. [3]
Bitcoin is a virtual currency, with a limited number, but it can be used for cash: can be exchanged for currency in most countries. You can use Bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use Bitcoin to buy items in real life.
On February 25, 2014, the Bitcoin opening price of "Bitcoin China" was 3562.41 yuan. As of 4:40 pm, the price had fallen to 3185 yuan, a drop of more than 10%. According to the historical market data of the platform, on January 27, 2014, 1 Bitcoin can be exchanged for RMB 5032. This means that less than a month on the platform, the price of Bitcoin has fallen by 36.7%.
On September 9 of the same year, US e -commerce giant eBay announced that the company's payment processing subsidiary Braintree will begin accepting Bitcoin payment. The company has reached a cooperation with Bitcoin trading platform Coinbase and began to accept this relatively new payment method.
Although the eBay market trading platform and PayPal business do not accept Bitcoin payment, the travel house leasing community Airbnb and car rental service Uber and other brainTree customers will start accepting this virtual currency. BrainTree's main business is to provide enterprises with payment processing software. The company was acquired by EBAY at about $ 800 million in 2013.
On the evening of January 22, 2017, Huobi.com, Bitcoin China and OKCoin Coins successively issued an announcement on their official website that it would further suppress speculation and prevent the price fluctuations. : Starting from 00, the transaction service fee is started. The service fee is charged at a fixed rate of 0.2%of the transaction amount, and the active transaction is consistent with the passive trading rate. [8] On May 5th, the latest data from OKCoin Coin.com showed that the price of Bitcoin has just refreshed history again, as of the highest level of 9,222 yuan before the release. Starting from 12:00 noon on January 24, China's three major Bitcoin platforms officially began to charge trading fees. On September 4, the central bank and seven ministries and commissions issued an announcement saying that China banned virtual currency transactions.
On December 17 of the same year, Bitcoin reached the highest price of $ 19,850.
On November 25, 2018, Bitcoin fell below the $ 4,000 mark, and then stabilized to more than 3,000 US dollars. [9] On November 19, cryptocurrencies resumed the decline, and Bitcoin visited the $ 5,000 mark since October 2017. Strengthen review. [9] At 4:30 am on November 21, the quotation of the Coinbase platform Bitcoin fell below $ 4,100, a new low in 13 months.
In April 2019, Bitcoin broke through the 5,000 US dollars again, a new high in the year. [10] On May 12, Bitcoin exceeded $ 7,000 for the first time in the past eight months. [11] On May 14, according to the quotation, Bitcoin Station rose 14.68%within 24 hours. [12]
On June 22 of the same year, the price of Bitcoin exceeded the $ 10,000 mark. The price of Bitcoin fluctuates at about 10200, and rose nearly 7%in 24 hours. [13] On June 26, the price of Bitcoin exceeded $ 12,000 in one fell swoop, a high point since January last year. [14] On the morning of June 27, the price of Bitcoin was close to 14,000 US dollars, a new high in the year. [15]
On February 10, 2020, Bitcoin exceeded $ 10,000. According to transaction data, the price of Bitcoin has exceeded 3%, which has exceeded the psychological boundary of $ 10,000 for the first time since October 26 last year. [16]
On March 12, according to data of the cryptocurrency trading platform Bitstamp, at 19:44, the minimum price of Bitcoin had fallen to $ 5731. [17]
On May 8, Bitcoin exceeded the $ 10,000 mark, setting a new high since February. [18]
starting at 8 am on May 10th, the unit price of Bitcoin fell by thousands of dollars instantly from the price of $ 9,500 within half an hour. [19]
At 6 pm on July 26, the Bitcoin rose short -term and touched the maximum 10150.15USDT. The maximum increase in the day has exceeded 4%. This is the first time since June 2, 2020 exceeded the $ 10,000 mark. [2]
Bitcoin has been "fork" more than 100 times in two years. Now what kind of fork currency is it
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The founding characters
On November 1, 2008, a person who claims to be Satoshi Nakamoto published on the P2P website. The Bitcoin White Paper "Bitcoin: A Point -Power Electronic Cash System" [6] stated his new idea of ​​electronic currency -Bitcoin was released.
This Professor of Mathematics at Kyoto University
On January 3, 2009, Bitcoin Creation Block was born. Bitcoin uses a distributed ledger to get rid of the constraints of third -party institutions, and Satoshi Nakamoto is called "blockchain". 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 2009, Satoshi Nakamoto designed a digital currency, namely Bitcoin, and the Bitcoin market of wind and fire fell. The identity of its founder "Satoshi Nakamoto" has always been a mystery. The rumors of the father of currency involve the mysterious aura for Bitcoin from the US National Security Agency to financial experts.
In foreign media reports, computer scientists Tednelson posted a video on the Internet on Sunday that he had confirmed that the founder of Bitcoin was Shinichi Mochizuki, a professor of mathematics at Kyoto University. The founders of Bitcoin have always used the pseudonym of Satoshi Nakamoto, and the Internet field has also launched a lot of speculation about its true identity. Nelson released a video saying that he had determined that Wangyue Xinyi was the real founder of Bitcoin.
Wangyue Xinyi was famous for proved ABC in 2013. He was studying at Feli Putuktt College in high school, the latter is one of the most prestigious high schools in the United States, and graduated only two years later. Wang Yuexin entered Princeton University at the age of 16. At the age of 22, he left the school as a PhD and became a professor at the age of 33. Such a young man was very rare in the academic world. The superstar in this mathematical world may have broken one of the most important problems in the field.
The personal information left on the Internet, especially in the Internet, especially in recent years, almost completely disappeared, so his life has become a fan. On March 7, 2014, when some people said that the founder of Bitcoin was the news of Dolian Nakamoto, it quickly became the most attractive news on the Internet.
I is different from the outside world that it may be a fictional name. "Nakamoto Satoshi" is a real name. He is a 64 -year -old Japanese American. He likes to collect train models. Fang, engaged in confidential work. In the past 40 years, Nakamoto has never used his real name in his life. According to the 1973 file of the Los Angeles District Court, when he graduated from California State University of Science and Technology at the age of 23, he changed his name to Dorian Prentice Satoshi Nakamoto. Since then, he no longer uses the name "Cong", and has used Dorian S. Nakamoto as a signature.
In 2014, the real inventor Nakamoto Satoshi said on the Internet and denied: "I am not a Dorian Chinese."
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Bitcoin rushed to $ 10,000.
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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 used as a metaphor, Bitcoin is the crown number of the banknote. You know the crown number on a banknote, and 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.
crazy rise
It to dig into Bitcoin can download the dedicated bitcoin computing tool, then register various cooperation websites, fill in the registered user name and password into the computing program, and then click the operation to officially start to start officially starting to start officially starting to start officially starting to start officially starting to start officially starting to start officially starting to start officially. Essence 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. After installing the Bitcoin client, it will allocate a private key and a public key. You need to back up the wallet data you contain your 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.
blood dyeing Bitcoin
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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: Bitcoin can be managed on any computer accessing 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 is completely centralized. Without issuing agencies, it is impossible to manipulate the number of issuance. Its distribution and circulation are implemented through open source P2P algorithms.
In anonymous, tax -free, supervision.
strong. Bitcoin depends entirely on the P2P network and has 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. Because the Bitcoin algorithm is completely open source, anyone can download the source code, modify some parameters, and re -compile 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 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 is long. 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. Due to a large number of speculators involved, the price of Bitcoin exchanged cash like a roller coaster is ups and downs. Make Bitcoin more suitable for speculation, not anonymous transactions.
The public does not understand principles and the resistance of traditional financial practitioners. Active netizens understand the principle of the P2P network and know 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 large amount of capital poured into the field of Bitcoin mining, and the computing power has risen. This cycle is extended
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buying method
The user can buy Bitcoin, and at the same time, computers can also use a computer to "minimize" Bitcoin according to the algorithm. 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. 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.
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N Bitcoin is an electronic cash similar to e -mail. The two parties to the transaction need "Bitcoin Wallet" similar to e -mail and the "Bitcoin address" similar to email address. Like sending and receiving emails, the remittrizer uses a computer or smartphone to pay Bitcoin directly to the other party according to the address of the payee. The following table lists some websites for free download Bitcoin wallets and addresses.
The Bitcoin address is about 33 long characters composed of letters and numbers. It always starts with 1 or 3, such as "". Bitcoin software can automatically generate addresses, and does not need to exchange information when generating addresses, which can be carried out offline. There are a lot of available bitcoin addresses.
The Bitcoin address and private key are paired, and their relationship is like a bank card number and password. Bitcoin address is used to record how much bitcoin you have on this address like a bank card number. You can generate the bitcoin address at will to store Bitcoin. When each bitcoin address is generated, there will be a corresponding private key for the address. This private key proves that you have the right to Bitcoin on this address. We can simply understand the bitcoin address as a bank card number, and the private key of this address is understood as the password of the corresponding bank card number. Only when you know the bank password can you use the money on the bank card number. Therefore, please save your address and private key when using the Bitcoin wallet.
The transaction data of Bitcoin was packaged into a "data block" or "block" (block ", and the transaction was initially confirmed. After the block link reaches the previous block, the transaction will be further confirmed. After receiving 6 blocks confirmed in a row, the transaction was basically confirmed reversed. Bitcoin peer -to -peer network stores all trading history in "blockchain" (). The blockchain continues to extend, and once the new block is added to the blockchain, it will not be removed. The blockchain is actually a group of decentralized user -end nodes, and a distributed database composed of all participants is a record of all Bitcoin trading history. Satoshi Nakamoto predicts that when the amount of data increases, users hope that these data will not all store their own nodes. In order to achieve this goal, he uses the introduction of a latency function mechanism. In this way, the user terminal will automatically eliminate those parts that they will never use, such as the extremely early Bitcoin transaction records.
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The 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. 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.
The money can be used to buy bitcoin, or it can also be used as mining people. "Millet" can search for 64 -bit numbers with a 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. Bitcoin is decentralized. It is necessary to create a fixed number 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, translated into codes to resist inflation, prevent others from destroying