1 thought on “I heard that the blockchain is very hot recently. Will this be the next bitcoin?”
Angel
Hello questions, blockchain and Bitcoin are the concepts of two different fields. Blockchain is a technology, and Bitcoin is the name of a digital currency! The following is a careful explanation of the subject, I hope the subject is adopted! The blockchain is a new application model of computer technology such as distributed data storage, point -to -point transmission, consensus mechanism, and encryption algorithm. The so -called consensus mechanism is a mathematical algorithm that achieves trust and acquisition between different nodes in the blockchain system. Blockchain () is an important concept of Bitcoin. It is essentially a decentralized database and is used as the underlying technology of Bitcoin. The blockchain is a string of data blocks generated by the password method. Each data block contains a Bitcoin network transaction information to verify the effectiveness (anti -counterfeiting) of its information and generate the next block. The concept of Bitcoin was initially proposed by Satoshi Nakamoto in 2009. The open source software and constructing P2P networks on it according to the idea of Satoshi Nakamoto are designed. 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. Bitcoin can be used to be fulfilled and can be exchanged for currency in most countries. Users can buy some virtual items with Bitcoin, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, it can also use Bitcoin to buy items in real life.
Hello questions, blockchain and Bitcoin are the concepts of two different fields. Blockchain is a technology, and Bitcoin is the name of a digital currency! The following is a careful explanation of the subject, I hope the subject is adopted!
The blockchain is a new application model of computer technology such as distributed data storage, point -to -point transmission, consensus mechanism, and encryption algorithm. The so -called consensus mechanism is a mathematical algorithm that achieves trust and acquisition between different nodes in the blockchain system.
Blockchain () is an important concept of Bitcoin. It is essentially a decentralized database and is used as the underlying technology of Bitcoin. The blockchain is a string of data blocks generated by the password method. Each data block contains a Bitcoin network transaction information to verify the effectiveness (anti -counterfeiting) of its information and generate the next block.
The concept of Bitcoin was initially proposed by Satoshi Nakamoto in 2009. The open source software and constructing P2P networks on it according to the idea of Satoshi Nakamoto are designed. 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.
Bitcoin can be used to be fulfilled and can be exchanged for currency in most countries. Users can buy some virtual items with Bitcoin, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, it can also use Bitcoin to buy items in real life.