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To put it simply, a guy named Satoshi Nakamoto built an open source and awesome blockchain technology system. According to the system rules, he created the first block by solving mathematical problems and owned this block. This block is called the creation block. As a reward for creation, he gets 50 bitcoins and transaction fee rewards for transactions contained in the block. Anyone can access this blockchain system. Everyone All create new blocks by solving mathematical puzzles and have the right to keep accounts. They are linked to the first genesis block, and then line up one by one to form a blockchain. Once someone solves the puzzle first , Broadcast to all accessors. When the consensus verification is successfully obtained, the new block will be created and the accounting rights of this block will be created, and the rewards will also be obtained-50 Bitcoins and the transactions contained in the block The transaction fee is rewarded, but the Bitcoin reward will be halved every 4 years, and now there are only 12.5 rewards. Bitcoin can be stored and circulated between participants. Its total number is fixed at 21 million, and it will be mined in about 2140. The network formed in this way is called the Bitcoin network.
Bitcoin is so valuable. If a computer solves the problem according to the rules, you can get Bitcoin. The money is bright! We don't have to watch the bullshit here, carry a laptop to dig! but! ! ! If you only have a few broken notebooks, just wash and sleep. It is estimated that when a meteor hits you, you may not be able to unlock one! This requires professional equipment, and it has to be a film! Because solving a new problem requires huge computing power and requires proof of work (POW), just like mining, these professional equipment are called mining machines