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Why Bitcoin cannot be counterfeited. Editor’s note: This article is from Orange Book (ID: chengpishu), authored by Wang Dashu, authorized for publication by Planet Daily Bitcoin is currently one of the most famous cryptocurrencies, but why cannot it be counterfeited? Because there is only one coin in this world, and no one knows what Bitcoin is. So why do people think that Bitcoin cannot be counterfeited? The answer is very simple. The value of Bitcoin is related to other Scarcity, transaction speed, credibility and other factors In the encrypted world,…

Why Bitcoin plummets in a week Why Bitcoin plummets in a week Why did Bitcoin plummet in a week? Why did Bitcoin suddenly skyrocket from Monday to Friday According to the cointelgraph, the Cryptocurrency market continued to decline from May 19 to 30. Since then, prices have been fluctuating at low levels; Subsequently, a rebound began in the evening. However, as the price sharply rose again to near the $60000 mark, it encountered a brief pullback – at that time, the price of Bitcoin hovered above $60000. As of the…

Why can I buy half a Bitcoin? Why can I buy half BTC? It is more effective than ordinary Cryptocurrency investment. If you have enough money now to purchase your favorite digital assets – you can buy 50 Bitcoins for $1 or exchange 20 Bitcoins for 10 or more Bitcoins for $100 In traditional financial markets, the term ‘gold’ usually refers to people’s pursuit and desire for money and wealth. However, if you want to obtain real wealth (such as some physical gold), you must first trade with another means…

Why does Bitcoin increase so much this year? Because institutional investors are more and more enthusiastic about Cryptocurrency. Since December last year, the Grayscale Bitcoin Trust Fund (GBTC) has purchased over 10000 Bitcoins in April, and has grown nearly tenfold since late February 2018 According to Glassnode’s data, there are currently $1.5 billion worth of assets locked in DeFi, some of which are “mined” through grayscale mining This means that if we consider Bitcoin as an investment tool, this trend may continue. Why has Bitcoin gained so much this year?…

Why pow pos Editor’s note: This article is based on authorized reprints from the Daily Planet Recently, the difficulty of mining Bitcoin has become increasingly high. In order to reduce the impact of block incentives, improve energy consumption and improve efficiency, we chose pop pos (Proof of work). Why use PoW POS? Due to the decentralized nature of Bitcoin and the fact that everyone in the network can participate, it is also necessary to verify the transactions on the chain through verification nodes during transactions. This means that some changes…

Why mining graphics cards? Why mining graphics cards are mainly used for games, not as currency? The reason is simple: because computers themselves do not have processing power and computing speed. This means that anyone with a computer can mine digital assets and conduct transactions. But if you want to contribute to comparing tokens or Ethereum, you need to have a graphics card to mine these tokens Therefore, the price of graphics cards largely depends on your computing power, so we believe that the main purpose of mining at present…

What is meant by relay transaction? It is a Cryptocurrency exchange between sender and receiver. When an asset in a blockchain network undergoes a transfer on another blockchain, it will be delivered along with the recipient to an address on the other blockchain (similar to a “wallet”). This means that the recipient’s funds are transferred from the Chain transfer to the blockchain Usually, relay transactions are achieved by sending information to another blockchain. For example, you want to exchange one Bitcoin for another Ethereum equivalent; Alternatively, you can use a…

What can Satoshi Nakamoto get? What can Satoshi Nakamoto get? What other awards can Satoshi Nakamoto win. https://bitcoin.com/newsflash/2009ighe On January 14, 2008, at the very beginning of its birth, Bitcoin received worldwide attention and heated discussion. After the Cryptocurrency market caused a sensation, the price of Bitcoin once soared to a high of about $54000. In March 2010, the price of BTC increased to $42000 But as people become more and more familiar with blockchain technology and more people begin to participate in this field, some experts believe that this…

Why did China stop Bitcoin? Why did China stop Bitcoin On December 10th, the People’s Bank of China held a press conference. At the meeting, Fan Yifei, Vice Governor of the Central Bank, said, “We will resolutely crack down on the mining and trading of virtual currencies” and “strictly prohibit the use of various token issuance and financing activities”. At the same time, it is pointed out that “no unit or individual shall illegally engage in business activities related to ICO”. For citizens or legal entities participating in digital asset…

What are the conditions for personal mining? What are the conditions for personal mining? Personal mining is a decentralized and open-source project driven by blockchain technology. At present, most digital currency trading platforms adopt this approach to conduct business. For example, in 2014, Coinan launched a website with a Bitcoin theme. However, due to various policy restrictions and varying attitudes towards virtual currency exchanges in China, the current price of virtual currencies has dropped or even plummeted, So many people say that this market is not friendly to ordinary people…

When will the World Wide Chain go online? World Wide Chain official website: https://www.weixin-qq.com/tx/0xb0e8a4b6c5f9d1eb90ce7fa3bfbebaebddf2cbb03cb73cfd20 According to the official announcement: At 16:00 (UTC+8) on December 31, 2020, the World Wide Web will officially open its one month public beta phase. Within two weeks before testing the online line, users can experience it on Ethereum, and then obtain token rewards through DAPP on the World Wide Chain In order to further improve system performance and reduce participation thresholds, the World Wide Chain has undergone multiple optimization efforts: 1. Support full node deployment…

What is the reason for a mining pool? What is the reason for a mining pool? How does a mining pool lead to a mining pool. The main reason for it is that no one is willing to do anything while mining. But if miners want to gain higher computing power and continue mining, they need to increase their computing power to reach this level A mining pool is a network phenomenon that occurs by multiplying the size of computing power by the hash value to calculate the relationship between…

When zks coin will go online on the main network According to zks. market messages, within a week (approximately 10 days) after the main network goes online, ZKS will be launched in three stages. The first stage is to officially launch ZKS; The second stage is: – development of test networks and wallets Transaction function, block browser, etc The third stage is: public address issuance and community voting rewards At present, the coin charging and withdrawal service and related activities have been opened, and the specific time is subject to…