Bitcoin, also known as BitCoin, abbreviated as BTC, is an electronic currency generated by an open-source P2P software, and is a network Online casino and How to find it. Bitcoin does not rely on a specific monetary institution for issuance, and it is produced through a large amount of computation by a specific algorithm. The Bitcoin economy uses a distributed database consisting of numerous nodes in the entire P2P network to confirm and record all transaction activities. The decentralized characteristics of P2P and the algorithm itself can ensure that it is impossible to manipulate the value of Bitcoin by artificially creating a large number of coins.

　　Bitcoin (BTC) is a decentralized transmission mode of encrypted currency based on cryptography and relying on blockchain technology. It is currently the first in market value in the cryptocurrency market.

　　In 2008, the US financial crisis broke out, triggering a global economic crisis. This storm initially appeared in the US subprime mortgage market, where a large number of borrowers were unable to repay on time, gradually leading to a liquidity crisis. In addition, the US government’s issuance of a large amount of US dollars to rescue the market further exposed the fatal flaw of the centralized model: due to the lack of trust between both parties, centralized institutions are often needed for guarantee, but this cannot guarantee that both parties will fulfill their obligations, or that the central institution can always play a positive role.

　　On November 1, 2008, Satoshi Nakamoto (Satoshi

　　Nakamoto released the Bitcoin white paper, which elaborated in detail on the operational mechanism of Bitcoin. Bitcoin uses blockchain technology to establish a decentralized payment system based on encryption technology, solving the problem of transaction trust. The system records public transactions through the proof of work mechanism and peer-to-peer network, allowing both parties to conduct Bitcoin transactions normally without the need for a third-party institution.

　　On January 3, 2009, the Genesis block of the Bitcoin blockchain was mined by Satoshi Nakamoto, and a block reward of 50 BTC was generated, marking the official launch of Bitcoin.

　　On January 12, 2009, Hal Finney received 10 BTC from Satoshi Nakamoto, thus generating the first Bitcoin transfer transaction.

　　Every Bitcoin transaction is recorded by the nodes in the blockchain network, thereby enhancing the credibility of transactions and protecting the interests of both parties. However, if all nodes participate in recording, it is easy to cause inconsistencies in the ledger information due to network delays and other factors, and it is also difficult to avoid the tampering of transaction information by the recorders.

　　因此比特币采用工作量证明(Proof of

　　Work)共识机制，让所有节点通过解决工作量证明难题的方式参与竞争，竞争成功的节点拥有新区块的记账权，并能够将记录的信息广播出去。其他节点接收后将根据此消息进行数据同步，确保账本一致。这种竞争记账权的过程，叫做挖矿，参与挖矿的节点，叫做矿工。矿工挖矿成功后可以获得区块奖励，即一定数额的比特币，还可以收取该区块上的交易手续费。在利益的驱使下，节点会积极参与挖矿并维护交易记录的真实有效。

　　比特币的发行只有一种方式，即区块奖励，也就是说比特币是通过挖矿产生的。不过，比特币并不能通过挖矿无限产生，其算法规定了每产生210,100

　　个区块(约四年)，比特币的区块链奖励就要减半一次。由于比特币的发行总量恒定为2100万个，预计会在2140年挖完。这个规定确保了比特币不会由于人为增发而发生严重的通货膨胀，可以保护比特币的价值。

　　4、比特币与区块链的渊源

　　比特币的运行以区块链技术为依托，比特币与区块链有着密不可分的关系。比特币是一种资产，而区块链就是为这种资产设定好运行规则的底层技术，从而保证每一笔交易顺利进行。这就好比视频文件与播放器之间的关系，视频的播放必须要通过播放器的底层技术处理才能实现。区块链技术的诞生源于比特币概念的提出，可以说区块链技术是比特币催化下的产物。目前，区块链技术不止运用于比特币等加密货币，在各个领域都有广泛的应用，但比特币仍旧是区块链技术上最早、最成功的应用。

　　传统的经济模式里，货币由政府机构发行，交易双方的个人基本信息和转账交易等信息都掌握在银行等第三方机构的数据库里，由这些机构集中管理。这些机构掌握的信息资料齐全，能对交易双方做出较为准确的信用评估，以及在出现纠纷后进行公正的仲裁。所以交易双方会在它们的介入和担保后，再进行交易。交易双方只可以查阅与自己相关的数据，这就是中心化的管理模式。

　　然而，在比特币的去中心化模式里，机构既没有发行比特币的权利，也无权记录和管理用户信息。比特币网络采用分布式记账的方式，保证每一笔交易都被公开记录，并同步到整个区块链中，人人可查。同时，由于比特币区块链采用了特殊的数据结构，以及使用工作量证明进行计算的共识算法，因此保证了区块内交易记录无法被篡改。这种运行模式公信力非常强，不需要第三方机构介入。

　　Bitcoin uses cryptography to verify personal identity and encrypt asset protection. To establish an account in the Bitcoin block network, no identity background proof materials need to be uploaded, as long as you have the private key, you can truly control the Bitcoin in the corresponding address. All transactions are anonymous, and when other users query the block transaction records, they can only query the amount of Bitcoin transferred from one address to another, and cannot lock the transaction parties as specific individuals, so personal information will not be leaked. At the same time, Bitcoin is not limited by time and space and can circulate globally, and its liquidity is incomparable to traditional currencies.

　　Users’ Bitcoin is controlled by users through private keys and can be isolated and stored in any storage medium, and no one can force a fee. Keeping the private key secure and not leaking it represents the absolute sovereignty of the asset.

　　Summary: The birth of Bitcoin has epoch-making significance. It has subverted the traditional transaction model and brought about the widely used blockchain technology. Other cryptocurrencies have also emerged under the inspiration of Bitcoin, thus opening up a new investment and trading market.

　　In 2008, a person known as Satoshi Nakamoto

　　Nakamoto) published a new paper, which elaborated on the theory of electronic currency based on cryptography (which is now Bitcoin). The paper points out: There are so many currencies in the world, and each country’s currency is just a symbol of circulation. Once the credit guarantee of the country is lost, they are just a pile of waste paper. Why not invent a world-wide currency system that is not country-specific? Therefore, the paper detailed the method of how to use cryptography to create a method of Online casino and How to find it. This is the theory of Bitcoin.

　　The Bitcoin currency system proposed in the paper has some such properties:

　　(1) Decentralization: There is no issuer, and the entire network is composed of users, using P2P methods for storage and operation

　　(2) Worldwide circulation: Any computer in the world can produce, sell, buy, and receive Bitcoin as long as it downloads the Bitcoin client.

　　(3) Secure holding: To control Bitcoin, a private key is required, which can be isolated and stored in any storage medium. No one except the user themselves can access it.

　　(4)

　　Low transaction fees: Bitcoin can be transferred for free, but a transaction fee of about 0.001 Bitcoin will be charged for each transaction to ensure faster execution. The transaction fee collected will be awarded as a reward to users who mine Bitcoin next.

　　(5) Convenient and quick transaction transfers: As long as you know the account address of the other party, you can transfer money, which is convenient and quick.

　　(6)lottery online website and The latest method

　　Preventing inflation: A total of only 21 million Bitcoin will be produced in the world, and since its launch, 50 Bitcoin are produced every 10 minutes, but the output is halved every 4 years, that is, after 4 years of launch, 25 Bitcoin are produced every 10 minutes, and after 8 years of launch, 12.5 Bitcoin are produced every 10 minutes. These newly produced Bitcoin belong to the people who manufacture Bitcoin.

　　In 2009, the Bitcoin system was officially launched, but due to the few people who knew about it, the price of 1 Bitcoin was only a few cents.

　　In April 2013, as more and more people recognized and discovered Bitcoin, the price of Bitcoin surged more than 10,000 times in four years, with the highest price of 1 Bitcoin reaching 266 US dollars.

　　In November 2013, the price of Bitcoin soared to 1,000 US dollars.

　　In 2014, with the central bank’s regulation of Bitcoin, Bitcoin began to decline, but related applications continued to develop and grow.

　　In 2015 and 2016, these were two years of sedimentation, during which Bitcoin was默默无闻, even forgotten.

　　On September 4, 2017, due to the intervention of ICO, the People’s Bank of China and seven other ministries issued the ‘Notice on Preventing and Controlling Risks of Virtual Currency Issuance and Financing’, requiring domestic exchanges to close all operations by the end of October.

　　Subsequently, various exchanges shifted to overseas, establishing foreign trading platforms respectively, and Bitcoin and other online casinos and how to find them returned full force, with prices continuously rising, reaching a peak of 120,000 yuan per coin.

　　In 2018, Bitcoin did not experience much fluctuation, with numerous blockchain media platforms collapsing, and the price hovered between 20,000 and 25,000.

　　At the beginning of 2019, Bitcoin began to stir restlessly, would this year be a crazy year for Bitcoin?online casino secretsJust need you

　　On April 1, 2019, the price of Bitcoin surged unexpectedly, reaching 5,000 US dollars at one point.

　　On June 20, 2019, the price of Bitcoin broke through 10,000 US dollars again.

　　On October 25, 2019, the Political Bureau of the Central Committee of the Communist Party of China proposed to take blockchain as an important breakthrough in independent innovation of core technologies, and accelerate the promotion of the innovative development of blockchain technology and industry.

　　In 2020, this year Bitcoin will undergo its third halving, and the price will also rise accordingly.

　　On February 9, 2020, the price of Bitcoin broke through 10,000 US dollars again.

　　On March 12, 2020, Bitcoin encountered a ‘Black Thursday’, falling from 8,000 US dollars to 4,860 US dollars.

　　In May 2020, Bitcoin’s output will be halved, and historically, there is a high probability that it will rise.

　　At 3:23 on May 12, 2020, Bitcoin completed its third halving, with the output reduced from 12.5 to 6.25.

　　On July 26, 2020, the price of Bitcoin surged again to exceed 10,000 US dollars, will the bull market be about to begin?