#btc反弹 BTC is the abbreviation for Bitcoin, a virtual cryptocurrency. Here is some information about it:

Basic Information

- Birth Background: The global financial crisis erupted in 2008, the same year that Satoshi Nakamoto published the paper "Bitcoin: A Peer-to-Peer Electronic Cash System" on a cryptography forum, proposing the concept of Bitcoin, aiming to create a decentralized electronic cash system that is not controlled by traditional financial institutions.

- Creation and Issuance: On January 3, 2009, Satoshi Nakamoto mined the "genesis block" of Bitcoin and received 50 bitcoins as a reward. Bitcoin is generated through mining, with a total supply of approximately 21 million coins, and the reward is halved every 210,000 blocks to control the issuance rate.

Technical Features

- Blockchain Technology: Bitcoin is based on blockchain technology, which is a distributed ledger where data is stored on multiple computers and linked together through encryption technology to ensure data security and immutability.

- Encryption Technology: Uses the SHA-256 hashing algorithm to encrypt transaction data, converting it into a 256-bit hexadecimal number that contains all transaction information and links to the previous block.

Development History

- On July 17, 2010, the world's largest Bitcoin