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What is Bitcoin Quick Start What are its features What is its

Date:2024-07-20 19:29:28 Channel:Trade Read:


The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


To master the quick introduction knowledge of Bitcoin, you only need to figure out the following 3 questions:

1. What is it?

2. What are its characteristics?

3. What is its use?

1. What is Bitcoin?

Bitcoin was created by Satoshi Nakamoto on January 3, 2009. Google Chairman Schmidt once said: "Bitcoin's encryption technology is amazing. It can create something that cannot be copied in the digital world. This is an amazing progress."

The concept of Bitcoin can be understood in three levels.

First, the most common understanding is that it is a decentralized digital currency.

Second, it is a world bank composed of a decentralized network.

Third, it can be seen as a stock called Bitcoin issued by the world bank of Bitcoin.

2. What are the characteristics of Bitcoin?

Decentralization. Bitcoin is a decentralized collaborative system, and no one in the entire system is irreplaceable. After the transaction occurs, it doesn't matter who keeps the account, because there are prizes given by the system, namely Bitcoin, and there will always be someone to keep the account and package it.

Internationalization. Bitcoin only exists on the Internet. If you want to make cross-border payments, you only need to connect to the Internet. Currently, more than 200 countries are using Bitcoin, which is more international than currencies such as the US dollar and the RMB.

Anti-inflation. The upper limit of Bitcoin is 21 million, and it will not increase any more. It is a good tool to fight inflation.

Cannot be tampered with. The moment data and content are generated, a time stamp will be stamped and immediately recorded in an open and transparent ledger. No one can secretly change it.

Open and transparent. When you use it, it is completed under the joint record and confirmation of the entire Bitcoin network. Which account gave how much Bitcoin to which other account, everyone has a record. Anyone in the world can retrieve any information in the ledger, ensuring the security and reliability of Bitcoin.

3. What is it used for?

Bitcoin can be circulated all over the world, and anyone and any organization can participate in the purchase, use, and circulation.

Bitcoin has low usage and management costs and few restrictions, which is suitable for us to use for investment, circulation, payment, and transfer.

Now it has developed into a currency with millions of users around the world, tens of thousands of merchants accepting payments, and a total market value of tens of billions of dollars.

When making choices, people often pursue absolute security. They clearly agree with a certain truth, but make the opposite choice when actually implementing it, which means that the event that is still booming has nothing to do with you. Without a vision for the future and not believing that the future will happen logically, wealth will pass you by. Bitcoin is such a thing that tests your judgment and execution.

Bitcoin, like high-speed rail and airplanes, is an irreversible invention. We can no longer return to a world without Bitcoin.

The price of Bitcoin is only related to demand. Bitcoin has continued to rise in price since its birth. One coin has risen from 0 yuan to 28,670.24 yuan today (9:24 on August 28), and is known as "digital gold".

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