The History and Characteristics of Bitcoin

Bitcoin is essentially an electronic currency, or digital currency, and its nature is based on cryptography. This currency is completely different from the money in our everyday bank cards and cash. The emergence of Bitcoin is legendary. In 2008, a large-scale financial crisis broke out globally, and on November 1, 2008, a network geek, using the pseudonym Satoshi Nakamoto, published an article online. The true identity of this person remains unknown. Satoshi Nakamoto proposed the concept of Bitcoin and designed a decentralized electronic accounting system.

Speaking of accounting, let's recall that during transactions, we must all perform accounting operations. For example, if I pay you 100 yuan, I must first check whether I have enough balance in my bank card, and after completing the payment, how much is left. This requires accounting. In our current daily transactions, accounting is done through banks, whether we use credit cards, Alipay, or WeChat, all accounting is done through banks. We trust banks because they are backed by the credit of the state, and thus we consider banks to be the center of accounting. However, Satoshi Nakamoto believed that we actually do not need a centralized accounting system. We can be decentralized. #比特币