Bitcoin (BTC) is a consensus network that enables a new payment system and a completely digital currency. Powered by its users, it is a peer to peer payment network that requires no central authority to operate. On October 31st, 2008, an individual or group of individuals operating under the pseudonym "Satoshi Nakamoto" published the Bitcoin Whitepaper and described it as: "a purely peer-to-peer version of electronic cash, which would allow online payments to be sent directly from one party to another without going through a financial institution."

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With the largest variety of markets and the biggest value - having reached a peak of 18 billion USD - Bitcoin is here to stay. As with any new invention, there can be improvements or flaws in the initial model however the community and a team of dedicated developers are pushing to overcome any obstacle they come across. It is also the most traded cryptocurrency and one of the main entry points for all the other cryptocurrencies. The price is as unstable as always and it can go up or down by 10%-20% in a single day.

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Bitcoin is the world’s first cryptocurrency which works on a completely decentralized network known as the blockchain. The blockchain network consists a link of blocks that are secured using cryptography and record all the transactions. Bitcoin was first presented to the world in 2009 by an anonymous identity known as Satoshi Nakamoto. As Bitcoin works on a decentralized network, it is completely free from the involvement of third-party financial institutions or central banks. The Bitcoin blockchain facilitates instant peer-to-peer transactions at minimum transactions fees required to maintain the network. The total number of Bitcoins is fixed at 21 million with its smallest unit being referred to as Satoshi. Each Satoshi represents a hundred millionth part of Bitcoin which means that 100,000,000 Santoshi = 1 BTC. Additional Bitcoins are generated by a process known as mining. Bitcoins are mined by professional miners solving complex computational equations. For each Bitcoin mined, the miners are rewarded with either more coins or transaction fees. The miners also validate all transactions on the Bitcoin network as well as look after the network security. Bitcoin can be exchanged with fiat currencies or other digital currencies. There are over 100,000 merchants and vendors accepting Bitcoin all over the world.

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  每一个细节都能反映很多事情,正如社会本身。 Truth alone triumphs ,还是 money, fashion, 或是 lies ? Jamal 回答不了。他没有受过教育,没有被灌输过所谓的 National motto 。如果根据他的亲身经历去理解,他真的不知道这些东西究竟那个是王道。有钱的黑社会老大、著名的男演员、装成善人却弄瞎小孩子的乞讨集团首领都混得不错, truth 在哪里?当审问他的警官说“我五岁的女儿都会回答这道题”的时候, Jamal 问了他两个问题,贫民窟 5 岁小孩都能回答的问题,警官却答不出。这就是贫富阶级的差别,受教育不同、吃的东西不同,去的地方也不同…… 开篇警官审问 Jamal 的镜头,让我们想起与伊拉克有关的各种虐待和拷问。警官说“外面还有许多强盗、强奸犯、诈骗犯、勒索犯等我去抓,你快招了吧,省省咱俩的时间”,可是我们自始至终只看到警察追赶在私人土地上玩耍的穷孩子,殴打在泰姬陵揽客的孤儿,以及无视被纵火的穆斯林教徒、一心在车里打牌。我们还看到白色轿车穿梭在狭窄胡同的穷人堆里的,烧成废墟的贫民窟和孟买城中拔地而起的高楼。只要用心,我们能看到的太多了。整个印度的社会风貌都展现在我们面前,一个 Latika 算什么。只看到爱情故事的人,是选择性失明而已。   

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在这一段中,萨利姆成为了真正的萨利姆。看着电视里的贾马尔,萨利姆心中是感动,是懊悔,是骄傲,他虽然嘴上说“他是个疯子”,但实际上对能有这样一个灵魂圣洁的弟弟,他发自内心的骄傲。他让拉提卡走,他知道那意味着什么,导演特意给了打电话的贾维德一个特写,表明了萨拉姆内心的挣扎和害怕,他知道那意味着死亡。但作为一个男子汉,他从来都是说一不二的,他说“他那儿我来摆平”,同样是气势如虹,萨拉姆做事从不需要解释,他不希望弟弟担心,于是,他说:“你别无选择”,的确,拉提卡的每一次选择实际上都是萨拉姆替她做的,无论是好的,或是坏的,他这句话的潜台词,分明是在托付拉提卡,好好照顾贾马尔,他是我唯一的弟弟。“原谅我所做的一切”,既是对拉提卡说,也是对远处的弟弟贾马尔说的,那一句话里,包含的是兄长对弟弟的爱,是父亲对儿子的爱,是长辈对晚辈的爱,是对自己血脉另一部分的爱,他让拉提卡好好活着,也正是让贾马尔好好活着。当他躺在装满钞票的浴缸里时,他生平的两个愿望都得到了实现:第一,他想成为百万富翁,他此刻拥有了钞票,他温柔地触摸着它们;第二,他想要成为弟弟的保护神,他要弟弟过的好,看到他和拉提卡能够团聚,这个愿望也实现了,他的人生得到了升华,他的完美旅程结束了。

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The would-be hard fork with an expanded block size limit was described by hardware manufacturer Bitmain in June 2017 as a "contingency plan" should the bitcoin community decide to fork; the first implementation of the software was proposed under the name Bitcoin ABC at a conference that month. In July 2017, the Bitcoin Cash name was proposed by mining pool ViaBTC. The change, called a fork, took effect on 1 August 2017. As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in two.[16]

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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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Peer to peer (P2P) electronic cash is simply described as online money sent from one person to another without the need for a trusted third-party. As described in the original Bitcoin whitepaper by Satoshi Nakamoto, P2P cash makes use of digital signatures as part of the solution, but the main benefits are lost if a trusted third party is still required to prevent fraud. This makes P2P cash a trustless and safe way to transact without the need of intermediaries. 

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“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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Both Bitcoin as well as Bitcoin Cash use a proof-of-work algorithm to timestamp every new block. The proof of work algorithm used is the same in both cases. It can be described as a partial inversion of a hash function. Additionally, both Bitcoin and Bitcoin Cash target a new block to be generated every ten minutes on average. The time needed to calculate a new block is influenced by a parameter called the mining difficulty. If the total amount of mining power increases, an increase of the mining difficulty can keep the block time roughly constant. Vice versa, if the mining power decreases, a decrease of the mining difficulty can keep the block time roughly constant.[36]

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To keep the block generation time equal to ten minutes on average, both Bitcoin and Bitcoin Cash use an algorithm adjusting the mining difficulty parameter. This algorithm is called the difficulty adjustment algorithm (DAA). Originally, both Bitcoin and Bitcoin Cash used the same difficulty adjustment algorithm, adjusting the mining difficulty parameter every 2016 blocks. Since 1 August 2017, Bitcoin Cash also used an addition to the DAA, called an Emergency Difficulty Adjustment (EDA) algorithm. EDA was used alongside the original DAA and it was designed to decrease the mining difficulty of Bitcoin Cash by 20%, if the time difference between 6 successive blocks was greater than 12 hours.[36]

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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When people talk about the price of Bitcoin, they are referring to the current price at which Bitcoin is changing hands. Since Bitcoin is a purely speculative asset, this price is determined by how little sellers are willing to charge and how much buyers are willing to pay. Even then, the price of Bitcoin can vary across exchanges like Coinbase and Binance or currencies because of market inefficiencies

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The split originated from what was described as a "civil war" in two competing bitcoin cash camps.[18][29] The first camp, supported by entrepreneur Roger Ver and Jihan Wu of Bitmain, promoted the software entitled Bitcoin ABC (short for Adjustable Blocksize Cap) which would maintain the block size at 32MB.[29] The second camp led by Craig Steven Wright and billionaire Calvin Ayre put forth a competing software version Bitcoin SV, short for "Bitcoin Satoshi's Vision," that would increase the block size limit to 128MB.[26][29]

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This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with Coinbase Inc or any of its affiliates and Coinbase is not responsible for its content. This content and any information contained therein, does not constitute a recommendation by Coinbase to buy, sell or hold any security, financial product or instrument referenced in the content.

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As a merchant one of your main goals is to be able to accept and process payments as quickly and seamlessly as possible so you can make your customers happy and receive payments without any headaches. Bitcoin Cash is the solution, as it has fast and low-cost transactions. As the world goes digital, electronic currencies such as Bitcoin are becoming the go-to method for paying online and in retail shops. Easily accept Bitcoin Cash directly or use third-party providers to accept Bitcoin Cash using their platforms and convert all or part of the sale into local fiat currency.

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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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在这一段中,萨利姆成为了真正的萨利姆。看着电视里的贾马尔,萨利姆心中是感动,是懊悔,是骄傲,他虽然嘴上说“他是个疯子”,但实际上对能有这样一个灵魂圣洁的弟弟,他发自内心的骄傲。他让拉提卡走,他知道那意味着什么,导演特意给了打电话的贾维德一个特写,表明了萨拉姆内心的挣扎和害怕,他知道那意味着死亡。但作为一个男子汉,他从来都是说一不二的,他说“他那儿我来摆平”,同样是气势如虹,萨拉姆做事从不需要解释,他不希望弟弟担心,于是,他说:“你别无选择”,的确,拉提卡的每一次选择实际上都是萨拉姆替她做的,无论是好的,或是坏的,他这句话的潜台词,分明是在托付拉提卡,好好照顾贾马尔,他是我唯一的弟弟。“原谅我所做的一切”,既是对拉提卡说,也是对远处的弟弟贾马尔说的,那一句话里,包含的是兄长对弟弟的爱,是父亲对儿子的爱,是长辈对晚辈的爱,是对自己血脉另一部分的爱,他让拉提卡好好活着,也正是让贾马尔好好活着。当他躺在装满钞票的浴缸里时,他生平的两个愿望都得到了实现:第一,他想成为百万富翁,他此刻拥有了钞票,他温柔地触摸着它们;第二,他想要成为弟弟的保护神,他要弟弟过的好,看到他和拉提卡能够团聚,这个愿望也实现了,他的人生得到了升华,他的完美旅程结束了。

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Rising fees on the Bitcoin network contributed to a push by some in the community to create a hard fork to increase the blocksize.[11] This push came to a head in July 2017 when some members of the bitcoin community including Roger Ver felt that adopting BIP 91 without increasing the block-size limit favored people who wanted to treat bitcoin as a digital investment rather than as a transactional currency.[12][13] This push by some to increase the block size met a resistance. Since its inception up to July 2017, Bitcoin users had maintained a common set of rules for the cryptocurrency.[12] Eventually, a group of bitcoin activists,[14] investors, entrepreneurs, developers[12] and largely China-based miners were unhappy with Bitcoin's proposed SegWit improvement plans meant to increase capacity and pushed forward alternative plans for a split which created Bitcoin Cash.[15] The proposed split included a plan to increase the number of transactions its ledger can process by increasing the block size limit to eight megabytes.[12][13]

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Bitcoin Cash was launched in August 2017, as a direct response to small block sizes on the Bitcoin code. 1MB block sizes were not meeting the demand of the growing community, so a group of dissatisfied crypto enthusiasts decided to create a ‘hard fork’ of the Bitcoin blockchain, with an increased 8MB block size. No one person currently takes credit for the token’s creation; rather it is attributed to a de-centralized group of developers.

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