What is Bitcoin? The "chief designer" of Bitcoin is a mysterious person named Nakamoto Cong, but his true identity is still unknown. In fact, is he still unknown to anyone? The essence of Bitcoin is just a series of numbers, but like gold mines on Earth, it has a constant quantity of 4%, with a total of only 21 million having scarcity
What is Bitcoin? The "chief designer" of Bitcoin is a mysterious person named Nakamoto Cong, but his true identity is still unknown. In fact, is he still unknown to anyone? The essence of Bitcoin is just a series of numbers, but like gold mines on Earth, it has a constant quantity of 4%, with a total of only 21 million having scarcity.
Since the birth of Bitcoin, everyone has been discussing: Is it possible to become the mainstream currency in the future? The RMB we use is issued by the People's Bank of China, and the US dollar is issued by the US Federal Reserve System. When doing business between the Chinese and American people, currency exchange is required. But from a technical perspective, Bitcoin does not have its own issuing bank scattered throughout the entire network, and no country can control it. People from different regions also use it without the process of exchange.
But the key to making money is not its own value, but people's trust in it. Bitcoin has encountered many problems in the process of monetization transactions, and the uneven distribution of Bitcoin is held by a few people. The hype of these people can cause the price of Bitcoin to fluctuate significantly in a short period of time, which greatly affects people's trust in it. Without universal trust, even if Bitcoin is excellent, it cannot become a universal currency.
Ladies and gentlemen, have you ever dug up Bitcoin? I heard that digging this thing requires a lot of electricity, can it consume all the electricity in a small country?
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