What is Bitcoin? Baidu (What is Bitcoin?)
What is Bitcoin? According to Baidu Baike, Bitcoin is a form of blockchain. Technically speaking, it can be divided into three layers: accounting units, payment methods, and smart contracts. Among them, a set of rules written by government agencies or enterprise managers are verified for authenticity through consensus algorithms in the code on the chain; Another is the transaction mechanism and process, where each transfer out process is recorded in the block for confirmation; The last one is called the “Lightning Network”, that is, the transaction costs in the Bitcoin network will change according to the Bitcoin paid by the user to a specific address, thus improving the efficiency of the entire system many times
What is Bitcoin?
According to Bitcoinist, Bitcoin is the only wallet without central institutional control, according to BitcoinTreasuries. This means that anyone can send money to others and receive rewards without having a private key, without the need for a third party to verify transactions or confirm the source of funds. If someone wants to obtain more information, reduce the trust cost and even conduct anonymous transactions, they need to buy Cryptocurrency through French currency, so people usually use French currency to buy and sell some digital tokens on the exchange, so as to increase its price.
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