Fourth Master’s Class Today
Bitcoin is a virtual cryptocurrency based on a P2P network, proposed by Satoshi Nakamoto on November 1, 2008, and officially born on January 3, 2009. Below is its specific introduction:
Decentralized Characteristics
Bitcoin operates on a distributed network without a central bank or any single entity controlling the entire system. Its transaction management and issuance are conducted uniformly by the Bitcoin network, ensuring security and stability through a consensus mechanism among network nodes, with all operations maintained and verified collectively by the nodes in the network.
Generation Method
Bitcoin is generated through a specific algorithm by performing a large number of calculations. The mining process involves using computer hardware to solve complex mathematical problems, and nodes that successfully solve these problems will receive a certain amount of Bitcoin as a reward.
