Bitcoin is a kind of digital cryptocurrency. It is not a paper currency such as the tangible renminbi dollars. It is generated by a computer through specific mathematical calculations and is also stored in the computer. Because Bitcoin is just a string of data in a computer, it is also called a "virtual currency" compared to paper currency. Simply put, you can understand that Bitcoin is just a string of numbers with cash value. Bitcoin is obviously not the pioneer of digital currency. Many digital currencies have been born before it. For example, our well-known Q coin issued by Tencent is also a virtual digital currency. However, Q coins are issued by Tencent, and Bitcoin does not have a central issuer, so it must be mined by mining. Attach a video for learning: Bitcoin also has these explanations. First of all, Bitcoin is the world's first and the most successful blockchain application so far. Legend has it that the inventor of Bitcoin is called "Satoshi Nakamoto" (Satoshi Nakamoto) Secondly, Bitcoin is a world bank, but it does not belong to any authority. It is composed of a decentralized network. It's just that this decentralized world bank called Bitcoin has issued a currency, which also happens to be called "Bitcoin." Some people prefer to use a relatively cautious term, referring to this currency as BTC instead of "Bitcoin". They think the explanation above is complicated, and it’s okay if you can’t remember it. Anyway, if you remember the following points, it’s enough. Bragging B:
From 2009 to the present, this thing has increased by more than 500,000 times. See clearly, it is 500,000 times.
Unlike RMB, which has a central issuer, it is a decentralized one.
It is global peer-to-peer transmission, so it cannot be detected.
If you want to obtain Bitcoin, you must either buy or sell it on an exchange or only obtain it through mining.