From Bitcoin -a successful application of Block Chain
The concept of Bitcoin was originally proposed by Satoshi Nakamoto to in 2009.
Unlike most currencies, Bitcoin does not depend on a particular central issuer, but uses a distributed database that spans the entire P2P network node to record currency transactions and uses cryptographic design to ensure that all aspects of currency flows are safe Sex, all this depends on the open source in accordance with the idea of open source software and the construction of its P2P network.
From 2009 to the present, Bitcoin has made great progress, the current total market value of about 7 billion US dollars (as of May 2016)
Bitcoin important features:
1、Dispersibility
Bitcoin network is not controlled by a central authority. Each machine mining and bitmember transaction process forms part of the network and runs together. This means that, in theory, any central institution can not collapse it through monetary policy.
2、Easy to set up
Traditional banks need to open a bank account. Create a payment or transfer with a merchant account. Bitcoin only a few seconds to set a bit currency address, very simple and fast, no charges.
3、Anonymity
The user can save multiple bit currency addresses without the need for any name, address and other user's personal information.
4、Transparency
Bitcoin block detail, you can view the details of each bit currency transaction, Blockchain has real-time transaction records. That is, if the user exposes a Bitcoin address, anyone can view the transaction details for that address. But do not know who the address of the user.
5、Low transaction costs
Any traditional bank's international remittance and cross-bank transfer will be charged a high cost. But the bit currency transactions almost no.
6、Speed
Users can transfer to any place, within a few minutes can be reached, Bitcoin network 6 confirmation processing payment.
7、Irreversible
When the user sends a bit currency to a bit currency, the transfer is irrevocable unless the payment is sent to you.
8、Global versatility
In any country and region of the world, only need to have a network where you can use.
9、Quantity limited
Bitcoin is the biggest difference from other virtual currencies, and its total quantity is constant and has a strong scarcity. The monetary system in the first 4 years, no more than 10.5 million, after the total number will be permanently limited to 21 million within.
Unlike most currencies, Bitcoin does not depend on a particular central issuer, but uses a distributed database that spans the entire P2P network node to record currency transactions and uses cryptographic design to ensure that all aspects of currency flows are safe Sex, all this depends on the open source in accordance with the idea of open source software and the construction of its P2P network.
From 2009 to the present, Bitcoin has made great progress, the current total market value of about 7 billion US dollars (as of May 2016)
Bitcoin important features:
1、Dispersibility
Bitcoin network is not controlled by a central authority. Each machine mining and bitmember transaction process forms part of the network and runs together. This means that, in theory, any central institution can not collapse it through monetary policy.
2、Easy to set up
Traditional banks need to open a bank account. Create a payment or transfer with a merchant account. Bitcoin only a few seconds to set a bit currency address, very simple and fast, no charges.
3、Anonymity
The user can save multiple bit currency addresses without the need for any name, address and other user's personal information.
4、Transparency
Bitcoin block detail, you can view the details of each bit currency transaction, Blockchain has real-time transaction records. That is, if the user exposes a Bitcoin address, anyone can view the transaction details for that address. But do not know who the address of the user.
5、Low transaction costs
Any traditional bank's international remittance and cross-bank transfer will be charged a high cost. But the bit currency transactions almost no.
6、Speed
Users can transfer to any place, within a few minutes can be reached, Bitcoin network 6 confirmation processing payment.
7、Irreversible
When the user sends a bit currency to a bit currency, the transfer is irrevocable unless the payment is sent to you.
8、Global versatility
In any country and region of the world, only need to have a network where you can use.
9、Quantity limited
Bitcoin is the biggest difference from other virtual currencies, and its total quantity is constant and has a strong scarcity. The monetary system in the first 4 years, no more than 10.5 million, after the total number will be permanently limited to 21 million within.
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