What is the value of bitcoin?
We all have a rough idea about bitcoin. Digital currency can't be controlled by any bank or government. Bitcoin sounds like Q coin, but in essence, it's not a species at all. First, bitcoin is much more serious than q-coin. Penguin may throw a bunch of q-coins to the world as soon as pony's father is happy, but bitcoin is more like metal. The total is a constant 21 million. It will only be issued in 2140, and it will be halved every four years. To get it, you have three options:
1. Through mining, rely on your own ability (calculation power) to mine
2. Become a packing Porter and earn a little transaction fee through his own diligence and wisdom
3. RMB players, spend money to buy
Secondly, bitcoin is a decentralisation of people who are more equal to each other. It can't be tampered with or forged.
Although the craze of digital currency has long passed, some people always ask what the value of bitcoin is. Even now, it's still tens of thousands of yuan, which is the value of bitcoin as the first successful application model of blockchain technology._DJMINER
Scientific value
In the field of science, bitcoin innovation solves the long-standing problem of Byzantine Generals. Nakamoto solves the dilemma of digital double spending through a consensus record of self-organization and time. Blockchain, a shared public ledger, is maintained by peer-to-peer network nodes that populate bitcoin networks. Earn bitcoin through cloud mining!
speed
In addition to saving international transfer fees, you can also enjoy higher transaction speed. What does your bank need to do in a few days? Bitcoin can do it in a few minutes.
Technical value
Because bitcoin is distributed through a distributed point-to-point network, there is no central server in bitcoin protocol. Like BitTorrent, bitcoin is therefore limited by censorship. This aspect of bitcoin is crucial, because it means that the use of bitcoin is not subject to the approval, opinion or action of any external agency. Bitcoin has become an irreversible disruptive technology.
Safety value
Bitcoin uses public-private key pairs to ensure transaction security. A bitcoin address is a public key generated from a private key held in a user's wallet. A bitcoin transaction must be signed by the address generated by a wallet together with the public key of the address, and can only be "unlocked" (or spent) with the matching private key. As a result, bitcoin transactions are anti-theft, and this mechanism to prevent double payment ensures bitcoin against forgery.
Value in development
Bitcoin is free and open source software under the MIT license. In addition, the protocol is also developed through the open source project model to encourage community contribution and collaboration._DJMINER
Collaborative development of publicly available source code is considered preferable to closed source code developed by a team. Errors and security fixes are quickly identified and fixed, and work 24 hours a day, while the diversity of quantitative advantages and skills can improve productivity.
Network value
Bitcoin network is a decentralized peer-to-peer network. The more widely distributed peers are, the more decentralized the network is. That is to say, anyone who plans to tamper with the data will have to spend a huge cost to change at least 51% of the node data to achieve the desired results, which is basically impossible. If the chain network mode is extended, the security of users will be greatly provided.
Smart contract value
Bitcoin's smart contract protocol was created by Nakamoto, but few people use it at present. This kind of agreement can specify multiple persons to jointly authenticate, so as to verify the validity of the contract. For example, if you bet with someone in football, you can draw up this kind of smart contract. You don't have to worry about the other party's default, or that the guarantor will roll up the money and run away as before. The smart contract is fully paid according to the procedure. This model can be applied to futures, option contracts, wills and other fields. In the future, this design feature of bitcoin will be more and more widely understood and used.
Apart from the monetary attribute of bitcoin, it is a very subversive and innovative thing. Its characteristics conform to the more essential law of Economics: reducing exchange cost and improving exchange efficiency. Therefore, the blockchain technology based on it will be widely used!
It is because bitcoin has such a positive circular economic system through the machine manufacturing of blockchain that it will naturally grow and grow without the promotion of a strong central institution. Relying on the decentralization, anonymity, openness, irreversibility and autonomy of blockchain technology, it can be predicted that there will be unlimited application value and business model in the future distributed business field, which will jointly promote the development of society._DJMINER
1. Through mining, rely on your own ability (calculation power) to mine
2. Become a packing Porter and earn a little transaction fee through his own diligence and wisdom
3. RMB players, spend money to buy
Secondly, bitcoin is a decentralisation of people who are more equal to each other. It can't be tampered with or forged.
Although the craze of digital currency has long passed, some people always ask what the value of bitcoin is. Even now, it's still tens of thousands of yuan, which is the value of bitcoin as the first successful application model of blockchain technology._DJMINER
Scientific value
In the field of science, bitcoin innovation solves the long-standing problem of Byzantine Generals. Nakamoto solves the dilemma of digital double spending through a consensus record of self-organization and time. Blockchain, a shared public ledger, is maintained by peer-to-peer network nodes that populate bitcoin networks. Earn bitcoin through cloud mining!
speed
In addition to saving international transfer fees, you can also enjoy higher transaction speed. What does your bank need to do in a few days? Bitcoin can do it in a few minutes.
Technical value
Because bitcoin is distributed through a distributed point-to-point network, there is no central server in bitcoin protocol. Like BitTorrent, bitcoin is therefore limited by censorship. This aspect of bitcoin is crucial, because it means that the use of bitcoin is not subject to the approval, opinion or action of any external agency. Bitcoin has become an irreversible disruptive technology.
Safety value
Bitcoin uses public-private key pairs to ensure transaction security. A bitcoin address is a public key generated from a private key held in a user's wallet. A bitcoin transaction must be signed by the address generated by a wallet together with the public key of the address, and can only be "unlocked" (or spent) with the matching private key. As a result, bitcoin transactions are anti-theft, and this mechanism to prevent double payment ensures bitcoin against forgery.
Value in development
Bitcoin is free and open source software under the MIT license. In addition, the protocol is also developed through the open source project model to encourage community contribution and collaboration._DJMINER
Collaborative development of publicly available source code is considered preferable to closed source code developed by a team. Errors and security fixes are quickly identified and fixed, and work 24 hours a day, while the diversity of quantitative advantages and skills can improve productivity.
Network value
Bitcoin network is a decentralized peer-to-peer network. The more widely distributed peers are, the more decentralized the network is. That is to say, anyone who plans to tamper with the data will have to spend a huge cost to change at least 51% of the node data to achieve the desired results, which is basically impossible. If the chain network mode is extended, the security of users will be greatly provided.
Smart contract value
Bitcoin's smart contract protocol was created by Nakamoto, but few people use it at present. This kind of agreement can specify multiple persons to jointly authenticate, so as to verify the validity of the contract. For example, if you bet with someone in football, you can draw up this kind of smart contract. You don't have to worry about the other party's default, or that the guarantor will roll up the money and run away as before. The smart contract is fully paid according to the procedure. This model can be applied to futures, option contracts, wills and other fields. In the future, this design feature of bitcoin will be more and more widely understood and used.
Apart from the monetary attribute of bitcoin, it is a very subversive and innovative thing. Its characteristics conform to the more essential law of Economics: reducing exchange cost and improving exchange efficiency. Therefore, the blockchain technology based on it will be widely used!
It is because bitcoin has such a positive circular economic system through the machine manufacturing of blockchain that it will naturally grow and grow without the promotion of a strong central institution. Relying on the decentralization, anonymity, openness, irreversibility and autonomy of blockchain technology, it can be predicted that there will be unlimited application value and business model in the future distributed business field, which will jointly promote the development of society._DJMINER
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