Bitcoin is the world’s first virtual digital currency underpinned by a completely decentralized blockchain technology also known as the Distributed Ledger Technology (DLT). Bitcoin was first created in 2009 by an anonymous identity of Satoshi Nakamoto. Bitcoin allows for peer-to-peer transactions and is completely free of any third-party involvement like financial institutions or central banks. The Bitcoin’s blockchain network maintains a history of all the transactions made and facilitates instant funds transfer with minimal transaction fees required to cover the cost of network operation. The total supply of Bitcoin is fixed at 21 million coins and its smallest fractional unit is called as Satoshi. Each Satoshi is a hundred millionth of a Bitcoin which means 100,000,000 Santoshi = 1 BTC. Bitcoins are generated by a process known as ‘mining’ which involves solving of complex mathematical algorithms. The miners involved in the mining process look after the Bitcoin network security and validate each transactions taking place on the network. Bitcoin can be exchanged with other digital currencies or fiat currencies. Bitcoin is used as a means of payment by over 100,000 vendors and merchants.

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Bitcoin mining saps energy, costly, uses more power and also the reward delays. For mining, run software, get your wallet ready and be the first to solve a cryptographic problem and you get your reward after the new blocks have been added to the blockchain.Mining is said to be successful when all the transactions are recorded in the blockchain and the new blocks are added to the blockchain.

“The arguments have devolved over three or four years of bitter debate, the principles are real and they are important to preserve, but a lot of the drama has nothing to do with principles anymore. A lot of this debate is now more about hurt feelings. It’s about bruised egos. It’s about things that were said that can’t be unsaid, insults that were exchanged, and personalities and ego.”
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Bitcoin Cash (BCH) is hard fork (a community-activated update to the protocol or code) of Bitcoin that took effect on August 1st, 2017 that increased the block size to 8MB, to help the scale the underlying technology of Bitcoin.Nov 16th 2018: BCH was hard forked again and split into Bitcoin SV and Bitcoin ABC. Bitcoin ABC became the dominant chain and took over the BCH ticker as it had more hashpower and majority of the nodes in the network.
Bitcoin (BTC) is the world’s first decentralized digital currency and payment system and is by far the most known and valuable cryptocurrency. It was created in 2009 by an anonymous person or group called Satoshi Nakamoto. Bitcoin enables transactions to be sent peer-to-peer without passing through a central authority. The transactions are recorded on a decentralized public ledger called the blockchain and each payment acquires a small transaction fee to cover the cost of the network. The total supply of Bitcoin is 21 million and it’s smallest unit of bitcoin is called a Satoshi, it’s a hundred millionth of a bitcoin – 0.00000001 BTC. The creation of Bitcoin’s is happening through mining. Miners have the task to validate transactions and keep the network secure. Their efforts are rewarded by new minted Bitcoins and transactions fees. Bitcoin can be exchanged for fiat or other cryptocurrencies, products and services. Over 100,000 merchants and vendors accepts bitcoin as a payment.

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Bitcoin mining saps energy, costly, uses more power and also the reward delays. For mining, run software, get your wallet ready and be the first to solve a cryptographic problem and you get your reward after the new blocks have been added to the blockchain.Mining is said to be successful when all the transactions are recorded in the blockchain and the new blocks are added to the blockchain. 

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If you have the required hardware, you can mine bitcoin even if you are not a miner. There are different ways one can mine bitcoin such as cloud mining, mining pool, etc. For cloud mining, all you need to do is to connect to the datacenter and start mining. The good thing about this is that you can mine from anywhere and you don’t need a physical hardware to mine.

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在古代,加密是由许多办法完成的。在中国较“流行”使用淀粉水在纸上写字,再浸泡在碘水中使字浮现出来。而外国就不同了,最经典的莫过于伯罗奔尼撒战争。公元前405年,雅典和斯巴达之间的伯罗奔尼撒战争已进入尾声。斯巴达军队逐渐占据了优势地位,准备对雅典发动最后一击。这时,原来站在斯巴达一边的波斯帝国突然改变态度,停止了对斯巴达的援助,意图是使雅典和斯巴达在持续的战争中两败俱伤,以便从中渔利。在这种情况下,斯巴达急需摸清波斯帝国的具体行动计划,以便采取新的战略方针。正在这时,斯巴达军队捕获了一名从波斯帝国回雅典送信的雅典信使。斯巴达士兵仔细搜查这名信使,可搜查了好大一阵,除了从他身上搜出一条布满杂乱无章的希腊字母的普通腰带外,别无他获。情报究竟藏在什么地方呢?斯巴达军队统帅莱桑德把注意力集中到了那条腰带上,情报一定就在那些杂乱的字母之中。他反复琢磨研究这些天书似的文字,把腰带上的字母用各种方法重新排列组合,怎么也解不出来。最后,莱桑德失去了信心,他一边摆弄着那条腰带,一边思考着弄到情报的其他途径。当他无意中把腰带呈螺旋形缠绕在手中的剑鞘上时,奇迹出现了。原来腰带上那些杂乱无章的字母,竟组成了一段文字。这便是雅典间谍送回的一份情报,它告诉雅典,波斯军队准备在斯巴达军队发起最后攻击时,突然对斯巴达军队进行袭击。斯巴达军队根据这份情报马上改变了作战计划,先以迅雷不及掩耳之势攻击毫无防备的波斯军队,并一举将它击溃,解除了后顾之忧。随后,斯巴达军队回师征伐雅典,终于取得了战争的最后胜利。

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Bitcoin (BTC) is the world’s first decentralized digital currency and payment system and is by far the most known and valuable cryptocurrency. It was created in 2009 by an anonymous person or group called Satoshi Nakamoto. Bitcoin enables transactions to be sent peer-to-peer without passing through a central authority. The transactions are recorded on a decentralized public ledger called the blockchain and each payment acquires a small transaction fee to cover the cost of the network. The total supply of Bitcoin is 21 million and it’s smallest unit of bitcoin is called a Satoshi, it’s a hundred millionth of a bitcoin – 0.00000001 BTC. The creation of Bitcoin’s is happening through mining. Miners have the task to validate transactions and keep the network secure. Their efforts are rewarded by new minted Bitcoins and transactions fees. Bitcoin can be exchanged for fiat or other cryptocurrencies, products and services. Over 100,000 merchants and vendors accepts bitcoin as a payment.

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Bitcoin Cash (BCH) is hard fork (a community-activated update to the protocol or code) of Bitcoin that took effect on August 1st, 2017 that increased the block size to 8MB, to help the scale the underlying technology of Bitcoin.Nov 16th 2018: BCH was hard forked again and split into Bitcoin SV and Bitcoin ABC. Bitcoin ABC became the dominant chain and took over the BCH ticker as it had more hashpower and majority of the nodes in the network.

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