What is Bitcoin?

Bitcoin is a special kind of digital currency, which is the biggest difference from traditional currency: its total amount is fixed and it is not issued in the form of a country, so no country legally recognizes Bitcoin. Essentially, bitcoin is just a commodity currency. The reason why some people use bitcoin to trade is because outsiders can't get user information and there is no intermediary to earn service fees.

The concept of Bitcoin was first put forward by Satoshi Nakamoto on June 5438+065438+ 10/day, 2008, and was officially born on June 5438+1 0/3, 2009. According to Satoshi Nakamoto's idea, open source software is designed and published, and a P2P network is built on this basis. Bitcoin is a P2P digital currency. Bitcoin transaction records are open and transparent. Point-to-point transmission means a decentralized payment system.

The so-called "decentralization" means that there is no bank and no government. Everyone's bitcoin asset system will trace the transaction records of your sellers and buyers for verification. This "point-to-point" monetary system has no absolute center. Therefore, every bitcoin can be traced back to the source, and it is unrealistic to manufacture a large number of bitcoins to manipulate the currency value. The total amount of Bitcoin is 265,438+0 million, which can be converted into the currencies of most countries. As long as someone accepts it, you can also buy real things.

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