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What is bitcoin? How much is a bitcoin worth?

Bitcoin is a kind of electronic currency produced by open-source P2P software, which is a kind of network virtual currency. How much is a bitcoin worth? Let's learn the latest news of bitcoin with sihai.com!

Bitcoin does not rely on the issuance of specific monetary institutions, it is generated by a large number of calculations of specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized characteristics and algorithms of P2P can ensure that the value of money can not be manipulated artificially through the mass production of bitcoin.

origin

In 2008, a paper was published under the pseudonym 'Satoshi Nakamoto' describing the use of bitcoin. One year later, the first transaction of bitcoin was completed.

Bitcoin is a kind of digital currency produced by open-source P2P software. Others paraphrase bitcoin as' bitcoin '.

The concept of bitcoin was first proposed by Satoshi Nakamoto in 2009. Now bitcoin is also used to refer to bitcoin's open-source software designed and released according to the idea of Nakamoto and its P2P network. Unlike most currencies, bitcoin does not rely on a specific central issuing institution, but uses a distributed database throughout the P2P network nodes to record currency transactions, and uses cryptography design to ensure the safety of all aspects of currency circulation. For example, bitcoin can only be used by its real owner, and only once, the original owner loses the ownership of the share of bitcoin after the payment is completed.

At about 9:30 yesterday, bitfinex bitcoin reached a maximum price of 2310 US dollars, equivalent to about 15922 yuan; the bitcoin price of fire coin network also broke through the 15000 yuan integer level, approaching 16000 yuan at the highest, so far, the domestic bitcoin price doubled again, with an increase of 115% in the past 30 days.