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Who created Bitcoin? How Bitcoin Works

On November 1, 2008, a mysterious cryptography geek named Satoshi Nakamoto released a Bitcoin white paper on the Internet.

What is the value of Bitcoin? How to use Bitcoin?

Bitcoin has the mathematical characteristics of money (durability, portability, interchangeability, scarcity, separability and identifiability), but it does not rely on physical characteristics (such as gold and silver) or the trust of the central authority (such as fiat currency).

What can Bitcoin do?

Bit is the unit of information in the digital world, so Bitcoin is naturally the currency of the digital world. Bitcoin is a digital currency with significant value in the real world. Therefore, Bitcoin can be used to exchange dollars, yen or any other currency in the world. Bitcoin can usually be abbreviated as "BTC".

Some features of blockchain

What is the difference between blockchain and traditional databases? How to classify and what is the relationship with Bitcoin? Let's have a look

What is the value of blockchain? What areas can it be applied to?

The reason why blockchain can establish trust is that it represents a real shared record. The data that everyone can trust will help promote the development of other new technologies, and will also greatly improve the efficiency, transparency and trust of mutual cooperation.

What is blockchain? What can blockchain do?

Blockchain is a term in the field of information technology, which skillfully combines and integrates professional technical knowledge in mathematics, cryptography, the Internet, computer programming and many other fields.

What is Lightning Network?

In short, Lightning Network is a layer 2 payment protocol built on Bitcoin Network to solve the problem of network congestion. The idea is to open a "green channel" outside the blockchain and conduct a large number of high-frequency and small transactions outside the blockchain.

What are the advantages and disadvantages of Bitcoin?

Many people are attracted by the independence and pseudo anonymity of Bitcoin. But its convenience, speed and cost are not always as attractive as people hope. The main advantage of using Bitcoin to pay is that you don't need a middleman Because of its independence and pseudo anonymity, many people are attracted by Bitcoin. But its convenience, speed and cost may not be as pleasant as people think. In this article, we have outlined the most common advantages and disadvantages of Bitcoin.

What is LOF Fund?

LOF Fund, the full English name is "Listed Open Ended Fund", that is, after the issuance of listed open-ended funds, investors can not only subscribe and redeem fund units at designated outlets, but also buy and sell the funds at the exchange.

What are the advantages and disadvantages of blockchain?

As an innovation of ideas, blockchain can have a subversive impact in specific areas. In the face of advantages and disadvantages of blockchain, what we need to do is to develop strengths and circumvent weaknesses. Whether blockchain can become the underlying technology of the new generation of financial infrastructure is still a question.
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