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free shipping wholesale jewelry business The concept of Bitcoin was initially proposed by Satoshi Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the open source software and constructing the P2P network based on Satoshi Nakamoto's thinking. Bitcoin is a virtual encrypted digital currency in P2P form. Point -to -point transmission means a decentralized payment system.
Different from all 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.
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