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2 thoughts on “real flower jewelry wholesale alive What is Bitcoin and what is its use?”
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wholesale jewelry gold locket Bitcoin is a virtual currency. Bitcoin is a P2P form of digital currency. Point -to -point transmission means a decentralized payment system. Function: Bitcoin is a type of network virtual currency, which is limited, 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.
is completely centralized. Without the issuing agency, it is impossible to manipulate the number of issuance. Its distribution and circulation are implemented through open source P2P algorithms.
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.
wholesale fashion jewelry san antonio tx Bitcoin is a virtual, point -to -point electronic payment system. A decentralized network is connected from a global computer. Unlike most currencies, Bitcoin does not rely on specific currency institutions. According to specific algorithms, it is generated by a large number of calculations. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions. 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 it is impossible to manipulate the currency value by making a large number of Bitcoin; on the other hand, the government or the central bank cannot manipulate the statutory quantity and actually exist. Design based on cryptography enables users to decrypt and modify trading information (ie private key). The expenses of this process are extremely low and convenient -users can dig and produce the amount of ore, electricity and other resources necessary for making Bitcoin, which are almost zero. Bitcoin founder, Nakamoto Nakamoto, revealed in a 2011 speech: "Bitcoin will not have legal currency institutions." "In the future, we want to be a standard currency of the world." Blockchain technology will completely change the way of the Internet, financial industry, commercial and even government governance.