Bitcoin (BTC) is the most widely used digital currency. It was born on January 3, 2009, and is a peer-to-peer (P2P) digital cryptocurrency with a total of 21 million pieces. The bitcoin network releases a certain amount of COINS every 10 minutes and is expected to reach its limit by 2140. Bitcoin has been dubbed “digital gold” by investors. Currency according to the specific algorithm, through a lot of calculation, monetary authorities don't depend on the specific issue, the use of the P2P network composed of many nodes in a distributed database to identify and record all transactions, and use the design to ensure that the currency security, cryptography ensures to the manipulation of currency through a large number of manufacturing COINS. Cryptographics-based designs allow bitcoin to be transferred, paid for and redeemed only by the real owner. It also ensures the anonymity of currency ownership and circulation transactions.

characteristics

Bitcoin is favored by technology enthusiasts for its decentralized, global circulation, low transaction costs, anonymous circulation, exclusive ownership and cross-platform mining. Recently, Wall Street, central Banks and other traditional financial institutions began to study bitcoin blockchain technology. The Japanese government officially recognized bitcoin as the legal payment method, and more and more Japanese merchants accepted bitcoin payment.

Details

Risk: expansion of the debate, there are potential bifurcation risk

Monetary unit: BTC/XBT

Bitcoins (BTC)

10-2 Bitcent (cBTC)

10-3 Bitcoins (mBTC)

10-6 micro-bitcoins (micron BTC)

10-8 Satoshi