Bitcoin is a P2P digital currency. Point-to-point transmission means a decentralized payment system.
1, Bitkin was originally a kind of online virtual currency, which can buy real-life items. Its characteristics are decentralization and anonymity, and it can only be used in the digital world. It does not belong to any country or financial institution and can be exchanged anywhere in the world, so it is used as a money laundering tool by some lawless elements.
2.20 1410.7, Taobao announced that it would ban the sale of Internet virtual currencies such as Bitcoin and Litecoin from June 5438+04. Democratic Senator Joe Manchin of West Virginia (Joe? Manchin) 2065438+On February 26, 2004, he sent an open letter to several regulatory authorities of the US federal government, hoping that the relevant agencies could pay attention to the current situation that Bitcoin encourages illegal activities and disrupts the financial order, and demanded that action be taken as soon as possible to completely ban the electronic money.
On March 20th1May 2nd17th, the global bitcoin virus suddenly attacked the public and commercial systems! Nearly 74 countries around the world have been seriously attacked!
4. Starting from 2065438 on August 1 2007, the global bitcoin trading platform suspended its recharge and withdrawal services. Btc China Digital Assets Trading Platform will stop registering new users from September 14, and stop all trading business on September 30.
The concept of Bitcoin was first put forward by Satoshi Nakamoto in 2009. According to Satoshi Nakamoto's idea, open source software and P2P network were designed and released. Bitcoin is a P2P digital currency. Point-to-point transmission means a decentralized payment system.
Extended data
Unlike most currencies, Bitcoin is not issued by a specific monetary institution. It is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transaction behaviors, and uses cryptography to ensure the security of all aspects of currency circulation.
The decentralized nature of P2P and the algorithm itself can ensure that the currency can not be manipulated artificially and create a large number of bitcoins. The design based on cryptography can make bitcoin only transferred or paid by the real owner. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total amount is very limited and extremely scarce. The monetary system once did not exceed1050,000 for four years, and the total will be permanently limited to 21050,000.
Baidu Encyclopedia: Bitcoin